singh17vivek

singh17vivek

The sharp fall on the 22min chart is the iii of 3 wave. It is the sharpest of all. We know the fall is not yet done. Any rally to 1000 early on will be an opportunity to sell. The Fib confluence at 970 is my revised T2 .The T3 at 950 is fine as the next confluence is there.

singh17vivek

Fib- this counter is in a strong bull trend. Right now it is stuck at first resistance at 1628. Its a fresh buy above 1628 with T1 1690 and T2 1800. Both are fib confluence zones and the stock will face resistance at these zones. MA- on the 7min chart all the three MA's are together and hence an indication that the counter is ready for a sharp move.

singh17vivek

Fib- After a sharp rise the counter is now taking support at 38.2% from a higher zone. This is extremely bullish. RSI- the oscillator has taken the support above the bull range both on the 1hr chart and 22 min chart. This is very positive. On the 4he chart it is taking support above the bear range of 60-65 thats again positive. MA- on the 22 min chart three...

singh17vivek

Fib - the Intermediate trend is down. We still do not have any reversal signals. The current rally has a strong resistance at 295. We have a Fib confluence at that zone. Trendline- the zone also has a falling trendline acting as resistance. RSI- The RSI is still travelling in the bear range confirming that the trend is still down. Volume - a stock never bottoms...

singh17vivek

Fib- the Fib extension from three diff swings is giving me 2 confluence the first one is at 335. Below this the next confluence is at 50/35. The stock is extremely bearish. Will Morgan Stanley buying give it some respite. Technically the most imp zone to watch out for is 335. Coz below this it will loose 90% of its value.

singh17vivek

Fib Analysis- the Index is back to the previous highs which is a strong resistance. We have a Fib confluence at the zone. Trendline- the retest of the trendline from below is an indication of weakness. RSI- it is now oscillating in the bear range. Conclusion- in my view all the Indications are towards a deep correction, Minimum tgt is the recent lows which ...

singh17vivek

every dip is held by the MA on the 3 day chart. Hence the trend is intact. RSI holds the bull zone on every dip indicating uptrend is intact. On the intraday chart the stock held the 45700 which is the 50% from higher swing. This is very very positive. I think the Index should move up sharply post the budget. It will be negative below 45600.

singh17vivek

Directional Signal- Double top is a directional signal present on the ADR of the counter. This is a bearish set up. On the other hand the stock has already given a breakout in NSE chart on the right. This is a big divergence. Fib Analysis- The previous swing analysis is telling me this rally is not to be trusted. RSI- RSI on the two time frame charts in the...

singh17vivek

this is the forth time the precious metal has reached the same high and has reversed. RSI in the bear zone on two time frame charts at price resistance is very very negative. In my view the precious metal is all set for a big correction this time around.

singh17vivek

Many stocks have this set up ,where the stock is back to the previous highs which is now acting as support. Here the 609 is the crucial support. The lows made has heavy volume on the intraday charts. A stock generally doesn't bottom on high volume. Hence we will have to watch the 609 zone. A close below that will open the room for a bigger correction and a fresh...

singh17vivek

BNF- the Fib confluence at 45500 and 44860 are two strong supports and are the zones to buy. The short term trend is still up and hence this dip is an opportunity to buy. Nifty is far far more stronger than BNF.

singh17vivek

with the quarterly results due today. The stock is likely to give a big correction. Well the oscillators are saying so. Hence do not be on the long side today

singh17vivek

Fib- the 21600 is a good support where it has halted Trendline - the same zone is supported with trendline. MA- the long MA is also providing support at the same zone. RSI- RSI is taking the support over its bull zone. Volume- high volume is again indicating support. Conclusion- that we will turn from here is a very very high probability.

singh17vivek Updated 

Fib - The stock halted today at fib confluence at 3800. That the circuit did not sustain for the entire day means we can see this zone holding. Candlestick- Thats definitely a bear candle and an early indication of a change in trend. Volume- stock falling with volume is negative. RSI- break of the bull support at 40 is negative. Extreme indication - this...

singh17vivek

Today HDFC Bank will come out with its quarterly results post mkt. The stock is all positioned to rise substantially from here. In my view the mkt will react extremely positively to the results. This also will give phillip to other banking stocks like SBI and ICICI which look very strong and in turn will give a big push to BNF. Choose ur pic for tomorrow coz...

singh17vivek

Fib - 38.2% from a higher zone is strength. Candlestick- a stack of green candles one after the other is telling me bulls have taken charge, MA- the golden crossover happened long back on the weekly charts. Volume- the rally is supported by volume is again strength. Conclusion- I think IT will definitely be the flavor for many months ahead .And this stock is one...

singh17vivek Updated 

the Index has halted at the trendline resistance along with MA resistance. Today being expiry can we witness a big move either ways?? To me the Index has already given reversal signals at 47K. Now a dip to 47400/47300 will be an ideal zone to buy. Lets keep an eye on these ideal zones to buy. We can witness a big rally from here.

singh17vivek

Fib- the short term trend in this counter is extremely bullish. Hence any dip is an opportunity to buy. RSI- RSI taking higher support on hourly chart is very positive positive divergence on the 15 chart is indicating reversal. Conclusion- Buy above 283 on a 15 min close candle. T1 292