sirlaxmanagarwal

sirlaxmanagarwal

1. RSI Divergence on daily charts suggests reversal in near term. 2.Support seen at 9820 and resistance around 10280 levels. 3. But keep in mind that in last 7 out of 10 years,Nifty gave negative returns in the month of November. So,bounce back should be used as shorting opportunities.

sirlaxmanagarwal

Some pull back can be seen on Nifty as it bounced back from trendline which started from 6825 levels on Feb-2016. Bulls have defended 50% retracement 4 times in last few days.. Most oscillators showing Nifty in oversold position.. RSI divergence seen in hourly charts.. Pull back expected.. Target 11171..

sirlaxmanagarwal

Whenever wee saw RSI divergence on monthly charts,it was followed by a massive sell off!! And the markets corrected around 25% everytime from highs in the span of 11-12 months except 2008 crisis.. Its not a prediction,Its a possibility. .. May be we will see a correction till 8900/9000 in next one year..

sirlaxmanagarwal Updated 

Trendline has been broken on weekly closing basis. BankNifty may go side ways or it may correct in upcoming days if it fails to close above 26000 next week. Also 26000 is the Fib 50% retracement of the last trend..

sirlaxmanagarwal Updated 

After Budget-2018,Nifty fell from life time highs and took support near Fib 0.618 levels.. From lows of That level,started a new trend up to 11760 zones.. Not its retracing and may take support near 11070,which is the swing high of Jan-2018 as i mentioned in my earlier analysis.. Below 11070,i think there is no support till 10850/10800..

sirlaxmanagarwal

Another analysis shows Inverted HnS on Weekly charts of Brent. Target is the length from Head to neckline ,which suggests target $91.50 My previous analysis suggests rounding pattern on daily charts whose target is also near this zone.. So charts say that we ll see crude at 90/91.5 in upcoming days,..

sirlaxmanagarwal

Whatever it is,it's bad for oil importing countries.. $80.5 is the level to watch out for..

sirlaxmanagarwal Updated 

Price action suggests stock may see a significant rally above 135 on closing basis..

sirlaxmanagarwal Updated 

Can be bought above 1328 for 5% target..

sirlaxmanagarwal

:)

sirlaxmanagarwal

Breakout awaited.. Keep it on radar for breakout!!

sirlaxmanagarwal Updated 

Can be bought above 415 SL 408 TGT 432

sirlaxmanagarwal Updated 

Can be bought at 234/228 SL 218 TGT 240

sirlaxmanagarwal

Buy above 330 SL 324 TGT 338/344

sirlaxmanagarwal Updated 

Pivot boss entry strategies used.. above 2532...SL 2488

sirlaxmanagarwal Updated 

Watch out closely....

sirlaxmanagarwal Updated 

Can be bought with SL 235 For new highs..

sirlaxmanagarwal Updated 

Can be bought above swing high of 275..