singh17vivek

singh17vivek

Fibs- shows strength Trendline- Break of the falling trendline is an indication of strength. RSI- above 40 on both time frames is very positive. Conclusion- Its a good buy at CMP with R1 at 2330 R1 2370

singh17vivek

The short term trend is down. On both the time frame charts RSI is in the oversold sold and hence a rally is likely. Above 47380 we will witness a rally to 48K. If we get a rally this zone will be crucial to watch. below 47150 it will become weak.

singh17vivek

There is something happening in pharma space. I recommended man kind yesterday. This stock also looks very bullish. Candlestick- the three green candles in a row are called 3 white soldiers. This is a precursor to a big rally going forward. Fib Analysis- its extremely bullish on the shorter term charts. Conclusion- to me this is a good buy. Tgts are there...

singh17vivek

Fib Analysis- the retracement to 38.2% from a higher zone is an indication of tremendous strength. In my view this is just the start of a big rally in this newly listed counter

singh17vivek

The stock is at a strong resistance at 3010. Above this zone it will be back to the highs.

singh17vivek

Fib- The retracement to 38.2% of the immediate swing is strength. The stock is back to the breakout zone which is the support now. Candlestick - The first candle is the only strong candle post the support at 2517. Rest are very weak candles. Hence I will want to see one more strong candle above 2583 to say the strength still exits. Conclusion- Since there is...

singh17vivek

S&P - there is an early sign of reversal. Trendline- break of the trendline is an early indication of a change in trend. Fib Analysis- we know the Index is at a strong resistance. Hence this rally is an opportunity to sell. RSI - ve divergence is indicating reversal. MA- on the 15 min chart the three MA will merge , hence we know its at a crucial zone....

singh17vivek Updated 

Fib - the recent pull back was a mere 38.2% and indication of strength. IT will breakout above 3737. Buy it on an hourly close above 3737. R1 3920 R2 4100,

singh17vivek

The 21550 is indeed a strong resistance. Hence this correction can become a bit bigger than what we are anticipating. BNF too could not sustain above the crucial zone of 48050. Hence traders should utilize any bounce back early on to exit longs.

singh17vivek

Fib - the dip to 554 was 38.2% of the immediate swing an indication of strength. it broke out above 577. Now either we buy this counter on a dip to 577 or on a close above 586. The first tgt will be 606 and second 638. Conclusion-When the trend is up we need to ride it to the max , coz they have the required momentum in them. So just that it is up 3% doesnt...

singh17vivek

ib - On the weekly chart the stock is at Fib support which is also previous swing low. On the hourly chart the stock has taken Fib confluence as support. Hence its a good place to buy for investors as well as for traders. R1 39250 R2 42K and stop has to be below 47600.

singh17vivek Updated 

missed Asian Paints here is another one. The stock halted at 50% at 1298. This correction was an indication of strength. It broke out above 1329. The consolidation above the breakout zone is offering an opportunity to buy. Look at the volume on the green candle. Its very positive. Hence its a buy at CMP of 1338 we are looking at 1370

singh17vivek Updated 

Infy- Monthly chart- The correction that halted at 61.8% of Fib retracement was a bullish zig zag corrective pattern. These patterns develop when the mkt wants to finish the correction ASAP and move in the direction of the larger trend. RSI- halting in the bull zone of 40-45 at Fib support is another indication of the bull trend is intact. Weekly Chart- The...

singh17vivek Updated 

Fib Analysis- the recent pull back to 215 is just 50% of the immediate swing. This is an indication of strength. Which also means this stock will breakout and make new highs. On the hourly charts the stock broke out above 251.50. Anywhere around the zone its a good buy. we are looking at 260 and 280.

singh17vivek

Fib - this is the first time the stock has shown strength. the recent dip to 38.2% was an indication of strength. Fib extension is indicating immediate resistance at 3100. Above this we will see 4K. RSI- The oscillation of the RSI was always within the bull range, indicating bull trend being intact. The higher support now is an indication of further...

singh17vivek

Fib - this is the first pull back after a good rise from the bottom. The correction has halted at 38.2% of the swing. This is an indication of strength. RSI - We have a positive divergence in both the oscillators, indicating reversal. The bull candles post that is a confirmation of strength. MA- the conjugation of the three MA's is a quick Gann Point. So on...

singh17vivek

I have plotted Fib confluence now when mkt makes new highs. The resistances are marked on the chart. The confluence zones are marked with an arrow. the current zone 48040 is a confluence and hence the tentativeness. Look at the volume on the high candle its huge, hence the Index can get sideways. The correction will become a bit more if the Index trades below...

singh17vivek

Fib Analysis- every pull back is supported at 50 to 38.2% . Its an indication of strength. RSI- look at the history it was oscillating between 30-65 which is the bear range of the oscillator. Now the oscillation has changed. It is taking higher support is yet another indication of strength. Volume- the tower on the 3day chart is an indication of retail...