singh17vivek

singh17vivek

Ultratech CMP 9875 The stock is in a strong bull trend. In my view the correction is done. Any pull back will be an opportunity to buy. In my view this counter is headed for 11260 and 12500.

singh17vivek

BSE CMP 2764 Negative news flow has brought a deep correction in the counter. Technically the stock is in a strong bull trend. Todays correction has brought the counter back to breakout zone which will act as support. Break below this will be very very negative. In my view the correction is done.

singh17vivek

IDFC First Bank CMP 80.50 The counter is down 5 % today, which is the quarterly results impact. Technically this stock is exhibiting strength. The correction to 75 was 38.2% from a higher swing an indication of strength. Hence todays correction is a buying opportunity. T1 is 112 T2 -135

singh17vivek

Bajaj Fin CMP - 6731 The correction has halted at 61.8% of the swing an indication that the trend is intact. In my view this is the best place for traders to buy as the 3rd wave should begin from here. For investors this is an opportunity to add more.

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Kotak CMP 1792 Elliott- the consolidation since the last 4 years to me is a triangle and is complete. The thrust out of such triangles are generally very strong. The stock trading in a rising channel is telling me things are changing. RSI too is now oscillating in its bull range. Hence to me it is time to buy this large cap stock.

singh17vivek

UPL- CMP 486 this counter has taken nearly three years to correct from the highs of 800 . In my view there are early signals of reversal in this counter now. All I want is a weekly close at the current levels or higher. I think in the large cap space this is yet another counter u can look for buying.

singh17vivek

Polycab- CMP -5267 Elliott- The first sharp fall in this counter is just one leg of the corrective pattern called zig-zag. The B leg which is with the trend is offering u an opportunity right on the highs to exit. The C leg will now being and this will come down minimum to 3480. In my view 2300 is a high probability. The short term charts are also set for a...

singh17vivek

I have early signs of reversal on this counter post todays dip. In my view people interested in large caps, this stock is definitely offering an opportunity now. My first tgt is 2980 and T2 is 3480.

singh17vivek

UBL CMP 1837 I had recommended this counter before. A monthly close above 1900 will be very positive. I will say lap on to this one on a close above 1900. My minimum tgt is 2900 on this.

singh17vivek

HInd copper- CMP 321 I had a buy call on this counter a few months back.the stock has given a fresh breakout. In my view this stock will retest the highs.

singh17vivek

Tata Tech- CMP 1091 The break of the falling channel and retest is telling me the down trend is over, this is a good place to buy this counter,

singh17vivek

Dr Reddy CMP 6158 Fibs- the correction to 1829 halted at 61.8% of a major swing indicating that the trend is intact but the rally post that has to be watched carefully. In my view this stock is headed for 8700 which is a good 40% from current levels. One should definitely book profits there.

singh17vivek

Elliott- if u look carefully there is no definite trend in the counter. This is because this entire thing is a corrective pattern. The current move is the c leg of B which will be very strong up move. This leg will terminate either around 1135 or around 1400. Even if the counter gets to T1 it will double from the current levels.

singh17vivek

Eicher - CMP 4020 Fibs- the full retracement to 61.8% is indicating that the trend is strong but is loosing momentum. Hence the rally has to be taken with a pinch of salt. Fib ext is giving me two tgts one at 4500 and the other at 5400. In my view along with trendline resistance at 5400 is a likely zone of strong resistance and one should book profits there.

singh17vivek

Adani Enter- CMP 3122 Generally the fall like the one in this counter consolidates for years before it moves up. The sharp rise in this counter is telling me the correction is on. This is the B leg of the correction which is a zig zag and has two potential tgts one the previous high at 3875 and the other at 4941. The crash will come post that which will be the C leg.

singh17vivek

I had strongly recommended this stock for investments some time back. This stock is locked in 5% upper circuit post its QIP issue. That zone at 632 is the most crucial resistance. A monthly close above this will also be a breakout of the mid point of the double bottom.

singh17vivek

After taking support from the previous swing lows .it broke the falling trendline and now the retest is telling me this stock is changing direction slowly. Investors can definitely look at this stock now.

singh17vivek

This is an interesting ratio study of Gold/SPX . SPX is the US equity Index. The ratio moving up means it favours Gold over Equity. The ratio broke above the MA for the first time after 20 years in Dec 02 and hence was a significant breakout. It broke the trend line in Mar 2012 and was asking u to exit gold and buy Equity. Now in this 10 years Gold gave an...