vithalfadi

vithalfadi Updated 

HDFC Bank is in down trend and some might expect it will go down for few more weeks. It is trading in a channel. I think, we will see Fib Ratio fitting within the channel as shown. The stock is due for a bounce on hourly chart. The moving averages are indicating the stock is in Strong Sell Mode, this is when the small bounce happens in the opposite direction....

vithalfadi

TCS had a good down move today. While the weekly trend was already in bearish mode and correction was long over due. continuous fall in the price without much of bounce was surprising to me for a share like TCS. On closer look, I think it is making a Bullish Gartley Pattern (XAB = 0.618, ABC =0.707, BCD = 1.414, XAD = .786). While 0.618 ratio is close by and...

vithalfadi

From Daily Chart: I see long term Uptrend, Medium term down trend, short term uptrend in reliance. Hourly oscillators are over sold, Daily oscillators in the neutral zone. Expect a Flag formation here (mid point of 2300 ->1430) which will be 1800-1900.

vithalfadi Updated 

Disclaimer: I am not a certified or SEBI registered analyst. Hence, please consider this as educational purpose only. This is my first post. Thanks for checking it out. I see the bearish crab in 15 min chart. But however, ratios do not seem to fit in. There is a possible double top. RSI on daily seems to be diverging. The last 4 daily candles are green but the...