singh17vivek

singh17vivek

Crude OIl CMP $67.52 Inverted V is a directional sell signal. Its most imp support is at $65..50/63 . Break of the same will mean further weakness. Its next support is at $44. In my last post on Feds action I had stated that the real danger is not increasing interest rates by Fed but reducing them. They will reduce interest rates when then they see...

singh17vivek

Idea CMP 13.58 I have been bullish on this counter for some time . Here is Elliott angle. The rise can be divided into impulse waves which means the uptrend in this counter has started. Currently it is likely to correct all the way to 11.75. Now this will be the place to buy this counter, as it will zoom to 19 bucks again. There will be one more heart ache...

singh17vivek

This is the 5th wave of {3}. This is an extended 5th wave and hence will be very strong.

singh17vivek

Nifty Pharma CMP 22987 The current zone is a strong resistance. Fib resistance & trendline resistance at the same zone meaning a correction is on the horizon. Elliott- It has also completed the v of the 3rd wave. Hence a correction is a high probability. Corrections have a likely tgt. Which are the 4th wave of one lesser degree. The same has been marked on...

singh17vivek

BSOFT CMP 666 - Traders & Investors Fibs- The stock rallied from the lows of 560 to 756. Two imp points to be noted. First the stock halted at 61.8% of the fall indicating that weakness still persists. Second the RSI halted in the bear zone. Elliott- the curent rally will halt again a the 756 zone and form a Flat corrective pattern which will is denoted as...

singh17vivek

TCI Express - The stunner called Fibs- a case study See how the Fib confluence nailed the top in this stock. That long candle with a small body is a long legged doji indicating reversal. RSI on two time frame charts was above 80 indicating euphoria. Even if we missed the top Its a V shaped fall which is a directional signal. The clincher is the rally post...

singh17vivek

Praj CMP 744 I posted that balrampur chini is at resistance around 590. So is this stock. So u get confirmation from the stocks from the same sector. Birds of the same feather flock together.

singh17vivek

Happiest Mind CMP 804 The extreme indicator on the right bottom has something very imp. When the extreme high is touched for the second time, its an indication that an imp top is formed. The stock halved from the highs. Fib - the stock is at 61.8% fib retracement. Hence the trend is intact. Elliott- In my view the correction is done and the current correction...

singh17vivek

Auropharma CMP 1538 9 years of consolidation. Now that it has been broken it has a long way to go. Next resistance at 1820.

singh17vivek

Bajaj Finserv - CMP 1640 Investors First the chart on right - the stock halted at the 1.618 fib extension and is still respecting the zones. Trendlines act as a timing tool only when the two points taken to draw them are correct. I see the stock reversing before even touching it. This is very bullish. A stock then reverses before its strong resistance is...

singh17vivek

BNF CMP 50933 The current zone has a confluence and hence the halt and a small dip. Above 52560 the major resistance will come at 64500. Thats 24% from here , hence we will witness a huge rally in banking stocks above 52560.

singh17vivek

Nifty CMP 24,823 The first confluence was at 22500 where the Index consolidated for a few months. R1 - 25070 the current zone is where the Index has halted a bit, R2 is 25900 and R3 is 26750. The R3 has something more to it, it is a confluence zone. Hence this is the major resistance for the Index.

singh17vivek

Fibs- The Fib resistance is at 24650. So any further correction will come below this zone. We are fine as long as we are above it. Trendline- The recent dip bounced back from the channel support. Hence to me this is strength. Cycle- on the bottom is a cycle study. The next cycle is around the mid Oct. Here two cycles are merging together hence it will imp to...

singh17vivek

Dixon CMP 13300 As the stock moves into a new terrain ...here are the probable tgts.

singh17vivek

IRCTC CMP 935 Investors The stock has given a brief correction from its previous highs. This dip is an opportunity. That support at 910 is a very strong one and in my view the stock will take a U turn from here. Breakout will happen after 4 years and hence to me it will be pretty significant.

singh17vivek

RBL Bank CMP 225 This stock has remained sideways for the past several months. I think the wait is finally over. This stock should now pick up very strongly from here.

singh17vivek

BOB CMP 254 this stock is very strong. Trendline acts as a timing tool. In my view this stock should again shoot from here. I think it is still a very good buy.

singh17vivek

The stock has reached a short term bump. Though it is in a very strong bull trend. I will say use the correction to buy.