LIC HSG Fin CMP 774-View Trendlines a beauty!! Aren't they?? its a breakout on the diagonal now. the stock may consolidate here for some time as the RSI is a bit overbought on monthly and weekly charts. Looks super strong to me.
Tata Steel CMP 164 This is a shorter time frame chart. See how technically the stock is all set to sizzle. The outcome of the result is immaterial ,it is all factored in.
VIP Industries CMP 468 - Investors T1 700 this chart is absolutely loaded with technical buy signals. Fib - it is at fib ext support as well as Fib confluence support at 453 Elliott- the C leg of the zig zag corrective pattern is complete. Directional Signal- Double bottom is asking you to buy. Volume- lesser volume on the second bottom is telling sellers...
SIlver $27.94 Elliott- the ABC correction is a zig zag. In my view it is complete. Fib - taking support at 38.2% from a higher swing is strength. RSI- the oscillator back to its previous support is a confirmation of the strength. Note - the angle of the trendline has been derived from the 2004 lows which respected the most recent highs as well as the highs in...
RUT CMP 2260 International mkts are an imp piece of the mkt puzzle. Before any major fall one of these mkts will be off the track. That's an early clue to leave the ship. This is the small cap index of US and I had posted that this Index is all set to make new highs. A strong candle this month is a confirmation of my reading. The strong uptrend has just...
UPL CMP 543- traders , investors I had mentioned around the double bottom that this stock is at a high probability reversal zone. this pull back is again offering an opportunity. Look at the RSI retest, simply beautiful. Buy at CMP 543 stop 527.30 t1 570
Adani Green CMP 1741 Both are weekly charts. On the left, see how 1.618 becomes the start of the crash in this counter. On the right we can see stock at fib support and RSI down to its bull zone. the uptrend should resume anytime now.
Tata Steel CMP 157.50 the trendline drawn from 2001 lows has nailed every bottom till date in this stock. This yet another example for Geometry in the mkts. One needs to know which two points to take. Every other trendline on this chart is worth being studied closely.
Nifty CMP 24413 the dip back to the channel is strength. Resistance becoming support is again positive on RSI. On the down side I dont want the Index to go back in the channel. 24K and 23785 is what i am looking at as two good supports.
the stock is finally out of the closet. Tgts are on the screen
Goldiam International CMP 169.74-- Investment When there is correction is the mkt, its an opportunity to buy. Where the opportunity lies is what we identify. This stock is exhibiting strong uptrend and is an opportunity to buy. Fib Monthly- why have I started from 156 ?? no rocket science, but one needs to train our eyes to see the charts in a certain way....
DLF CMP 843 This stock is all set for a major breakout. This breakout will happen after 2008. So definitely a major breakout. Fib and RSI both indicating tremendous strength.
Shreyas Shipping CMP 399 The stock is not only ready to give a breakout on price but also on the RSI. Note- The support and resistance lines on the RSI are very similar, just that u have to plot only the imp ones here.
The stock is all set to make new highs. The tgts are on the screen.
DXY CMP 104.087 In continuation of my analysis of CRB Index... I stated that CRB index is bullish and dollar is weak. Here is a chart that shows that the dollar Index is all set to fall.
CRB Index CMP 294 This is a basket of commodities. Very imp Index as its movement is related to the Dollar. If we look at the charts this Index is showing tremendous strength. Now what strength here means is weakness for the dollar in the near future. And weakness for the dollar is good for the emerging mkt equity market. One more very imp point is inflation....
CRB Index CMP 294 This is a basket of commodities. Very imp Index as its movement is related to the Dollar. If we look at the charts this Index is showing tremendous strength. Now what strength here means is weakness for the dollar in the near future. And weakness for the dollar is good for the emerging mkt equity market. One more very imp point is inflation....
Nikkei 225 CMP 41832 the Index has given a breakout after Jan 90. this breakout is after 34 years. This is a very very significant breakout. Mind u the breakout has just happened.