singh17vivek

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...

singh17vivek

Fib Analysis- The stock has given a breakout on the monthly charts. This is again after a decade of consolidation. Hence I will term this as significant. On the daily charts the recent dip to 136 was 38.2% and was an early sign to enter. Since it has a long way to go I reckon it still is a good buy. RSI- the oscillation of the RSI has now changed from bear to...

singh17vivek

Fib Analysis- the retracement from the highs is 38.2% an indication of strength. The breakout is happening after 13 years. Breakout after over a decade of consolidation is very significant. At times the stock comes back to the breakout zone which is 156 . So it is a buy at CMP and on dips. T1 300.

singh17vivek

Fib Analysis- 646 is the Fib resistance. It is the 100% of the previous swing. So we have a price resistance. Candlestick - At the price resistance we have a reversal pattern Railway track which is a directional signal. RSI & Composite- we have a -ve divergence in both the oscillators. Conclusion - Use any bounce back to exit this counter. Below 512 exit...

singh17vivek

the dip to 64 was 50% of the swing. This is an indication of strength. It was also an indication of the bull trend being intact and strong. The breakout was at 103.50. The stock will now give a dip around the highs of 120. So its a buy on dip now...max pull back should be to 103. We are looking at 140 on the highs.

singh17vivek

This is the small cap Index in US. The small cap Indices are always a bit ahead of the broader mkts. Hence imp to watch them. Fib Analysis- The pull back to 38.2% is telling me the trend is very strong. That the bulls have been able to regain the top of the range in two candles is strength. To me the Index is at its most imp resistance. RSI- the oscillator...

singh17vivek

The stock has given a fresh breakout today. we may get a pull back around the highs. Retail generally sells around the previous highs. And that pull back will be the only opportunity post the breakout. Tgts are mentioned on the right half of the chart.