surajagarwal15743

surajagarwal15743

- HDFC bank is at multiple convergences area, so chances of taking support are pretty. - Target and stop mentioned in charts

surajagarwal15743

Symmetrical Triangle formation

surajagarwal15743

- Classical Divergence has been spotted; - Looks like profit booking is about to begin or has started; - If you are a positional trader and are holding it, do monitor it closely and trade with strict stop loss; - The possible target is 3628.

surajagarwal15743

The stock has beautifully created a negative divergence on 25th October, 2019; Result is sideways to bearish move for a couple of days followed by massive GAP Down. Hail RSI Divergence

surajagarwal15743

- If you are holding any of the above two giants, so let me me inform you that I think profit booking has started. - RSI and MACD are supporting the above view and showing the signs of temporary reversal. - RSI has formed negative divergence on daily time-frame. - Time to exit for a time being, but as I said these are giants and if you are immune to such...

surajagarwal15743

The unsettling global melt down, US - China Trade war, etc are likely to continue which in turn force people to shift to safer asset classes. Now, if there was any chance for gold to break below 1500 levels, the trigger should have been the V shaped recovery in the market; Instead gold is trying to steadily to grow its hold.

surajagarwal15743

- A comparison of its previous movement and predicted movement is provided here-in-below: - The last trend started from 2nd week of October, 2018 which lasted till March, 2019; in which the stock gave as good as 66% return - Note that from Oct to Jan, the stock was consolidating between the 50% and 61.8% retracement level. - The current trend begins from Feb...

surajagarwal15743

- Every time the Stock has hit a new high, it has retraced 23.6%. - Following to which the stock has rallied to about half of the retracement. - Based on the same, the next likely target is Rs. 900

surajagarwal15743

Do you believe in buying a stock when it breaks above all time high or you are a pull back guy?

surajagarwal15743

Trading in the narrow zone

surajagarwal15743 Updated 

- Maruti has broken its strong support zone at 6500 - Volume doesn't seem to drop anytime sooner - Looks like there is more downside, which can reach to levels of 6000

surajagarwal15743

- Looks like wipro has taken support from its all time trend line - However, volume seems to be big of concern - Dropping volume indicates that its more likely to fall than rise - Further I don't see any respite coming through in USD - If it breaks 280 level and the breakout is sustained, the next target shall be 255 levels

surajagarwal15743

- Levels are indicated in the charts - Wait for 1200 levels before hopping in

surajagarwal15743

- The best level to buy will be around Rs. 165 - However, my advice will be don't jump, let the dust settle since the auto sector is still far from recovery

surajagarwal15743

- Good support at 450 level and seems to be holding nice and tight; - Can look for a target of 515-520

surajagarwal15743

- Trading is fun when it is kept simple rather infesting with a lot of indicators - Maruti is taking support from weekly levels - A decent V is formed in volume chart which falls near the resistance and starts rising near support levels - RSI is hovering near the oversold region - Although Auto sector is quite mild compared to other sectors, however, bottom...

surajagarwal15743

- the stock is facing resistance near the levels of 520-525 - One it decisively breaks-out, 525, it can be bought with the target of 570-75 levels. - Although MACD is converging and RSI also entering overbought zones, it indicates the breakout is not coming any time sooner - The volume is also disappearing, hence if breakdown for 515 levels, the next target...

surajagarwal15743

- Formation of an inverse H & S pattern - Stock to hit 2200 levels before its starts moving in favour of pattern - Macd shows massive divergence - RSI shows negative divergence - Volume is starting pick up on gradual basis