singh17vivek

singh17vivek

DLF CMP 871 Fib - though the correction has halted at 38.2% from a higher swing which is strength. There is one very major point to be noted. the time correction is very long and that is not good news. Trendline- the break of the trendline and retest is telling me to be careful. RSI- every rally is unable to move above the bear zone. this is again negative....

singh17vivek

Dr Reddy CMP 1246 Fib Analysis- I have done fib analysis on the three major swings in this counter. The first swing correction halted at 61.8%. this was an indication that the bull trend was weakening. The second swing correction halted at 50% taken from top and bottom. this was an indication that the stock was not expanding. The 3rd swing correction halted...

singh17vivek

M&M Fin - CMP 280 Elliott- thats an expanded flat corrective pattern of which the C leg of the downfall has started. this is just the start of a big downfall in the counter. Fibs- the rally halting at 38.2% is an indication of weakness. Yet another indication of further weakness. RSI - on the monthly chart the RSI is absolutely positioned in the bear zone and...

singh17vivek

Metropolis CMP 2220 FIBS- the stock has halted at 50% of its fall. The trend is still weak if it is unable to move above this zone. RSI - the oscillator in the bear zone is telling me to be cautious. Elliott- the rally is corrective in nature. So i know not to trust it. Conclusion- this is a best exit in my view.

singh17vivek

COLPAL - CMP 2849 Elliott- the rally in this counter is corrective in nature. Hence the rally has to be sold into. The last leg of the correction the C wave should go to 3260 and 3400. So definitely a trading opportunity. Oscillators- the fast move in oscillators is telling me this is corrective. Conclusion - the down trend is not over hence the rally has to...

singh17vivek

CMP -1014 Fibs- When the stock makes its grid from top and bottom its an indication of a stock neither expanding nor contracting. It is a stock that has to be left alone as far as investment is concerned. The stock made symmetrical moves since it made highs in 2018. Its 6 years now and the stock is still around the 2018 highs. RSI - every time the stock makes...

singh17vivek

VEDL CMP 490 Fibs- the stock respecting zones taken from top and bottom is telling me its not expanding. Elliott- the current rally is the 2 nd wave of C and is done. The devastating 3rd wave should begin from here. Conclusion- beware this stock is now preparing for a big correction.

singh17vivek

Cholamandalam cmp 1275 Fib and trendline support. this stock will rally at least 15 to 20% from here. Candlestick- thats a bear candle on the top which is negative. So caution definitely.

singh17vivek

This stock too has halted at fib support and has strength. This stock is still a good buy here. The bear candle on the monthly chart is the only sign of weakness on this chart. We will see the rally and take a call whether to hold or exit the rally.

singh17vivek

Nifty Small Cap Vs Nifty- The small cap index has been outperforming Nifty since the lows made in March 2020. It has again reached a crucial zone of resistance. I can see negativity in various stocks and sectors which i have posted. here is one more reason not to hold on to ur longs.

singh17vivek

Ashok Leyland CMP 233 Fib- the stock made lows at 38.2% with RSI halting above the bull zone. This is very very positive. Elliott- the current rally is corrective in nature and hence this rally is not to be trusted. On this correction we will judge its strength and then take a call.

singh17vivek

Apollo Hospital CMP 7182 RSI - negative divergence on the weekly chart is very negative. The stock make new highs with RSI in the bear zone is again negative. Elliott- the current rally is corrective in nature and should not be trusted. Conclusion - since the reversal is on the weekly charts the correction should be a decent one.

singh17vivek

Kotak CMP 1746 Trendline- break of a long term trendline should raise some red flags. The stock has been consolidating since 2020 and has now broken the trendline is very negative. Hence this consolidation is distribution to me. Fibs- the dip to 38.2% is strength. However the consolidation above it has negated the view of strength. RSI - the oscillator...

singh17vivek

CNX Pharma Index CMP 22490 Fib resistance along with trendline resistance at the same zone is indicating strong resistance. Hence the rallies are an opportunity to sell. The correction is still not done.

singh17vivek

Tata Power CMP 414 Elliott- there is one more wave C down of the double corrective pattern zig zag still due. Fibs- 370 and 343 are the two zones to look for reversal. Fib ext too has the similar zones. RSI - break of support at 45 is negative. the oscillator was in the bear zone while the stock made new highs is again negative. It will continue to fail...

singh17vivek

Bharti Airtel CMP 1632 Do not fall for the news. The rally is over and so is the impact of the news. This stock is preparing to correct.

singh17vivek

LTTS CMP 5249 Elliott- the counter was down 3.3% today. It is the start of the C leg of the corrective pattern zig zag. The minimum tgt for this leg is 4647 which is the 50% fib zone. The tgt is good 11% from CMP. RSI- The A leg of the fall has a negative divergence. As the C leg has started the RSI is failing below its averages. This fall will be equally...

singh17vivek

SRF CMP - 2297 The stock has been sideways for several months now. So the question is , is this consolidation or distribution? RSI - If we look at the oscillator it has been trading in the bear range through out this phase. It is telling us things are changing. Conclusion - since the stock is trading in a range. The downside break of the range should be...