yndesai

yndesai Updated 

Earlier we had seen breakaway gap playing in TATA motors and it gave very good rally. Similar gap is seen in Kotak bank. Earlier we had seen a fake breakdown to trap bears which is also a good indicator of good accumulation. SL of 1850 with targets of 2200 and 2600 can arrive in a year or two.

yndesai

Updating long term wave counts. Corrective wave (iv) is still going on. however 22800 level seems to be showing good buying interest. Further impulse wave is (v) which may start in mid March. Upcoming waves marked are only for reference purpose. Levels have to be calculated based on completion of (iv)

yndesai

A clear double top breakdown seen in smallcap index. It will take 6 to 12 weeks for smallcap index to make bottom. Likelt support levels on chart.

yndesai

We can see very good divergence between gold and nifty jr. Expecting to do some re-balancing in coming month... More than 23% gap in returns is good indicator, what we currently have is 31%.

yndesai

Simple method like Darvas box can also give good idea of trend. Darvas box are trading ranges in which stock prices moves. Applying strict rule in this method would lead to analysis paralysis. It looks obvious once we mark boxes around ranges. There will be some whipsaws at the edges of these boxes. Current level of Reliance seems to be at the bottom of the...

yndesai

UPL has taken good support on supertrend. Such low risk entries had given good results in past. Targets of 800 can be achieved over a year. SL of 480 on weekly close can be considered.

yndesai

Price action matters most when they appear at crucial levels. 570 levels was earlier resistance which has now become support. Now this is also a 200DMA level. Inv head and shoulder in this location makes it a high probable bullish candidate. Expecting 15% move during this Santa rally.

yndesai Updated 

20 months moving average is coinciding with level where serious buying is witnessed in Ethereum. Considering long-term monthly chart Log scale is used and targets and SL are marked on chart. If buy triggers, it can take 8 to 15 months to achieve this target.

yndesai

After downtrend and long consolidation there is inv head and shoulder appearing on chart. This being monthly chart target may take 6=8 months. Target and SL on chart.

yndesai

Good reversal signal in honeywell automation. All checkpoints are ticked.. 1. Downtrend before formation of reversal pattern. 2. Volume support at break of neckline. It is now buy on dips and targets of earlier resistances can be considered. -------- I am not a Registered Financial analyst: 1 Learn the concept, not tip 2 Master 1-2 strategy, stick to it for...

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Continuing earlier post on long-term count in Nifty. Wave 3 in longer timeframe has started. Also we are seem to be in wave (iii) of this wave 3 of long term. In coming months we can see corrective (iv) and final impulse (v) to complete wave 3. I do not use this wave count to take or exit trades in nifty future/options. I use it as guidance on what is the mood...

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Since 2021 DLF has been taking support of weekly supertrend. This time also it has done the same. Target and SL are on chart. Currently SL/risk will be high. One can Wait for dip to enter with small SL. --- I am not a Registered Financial analyst: 1 Learn the concept, not tip 2 Master 1-2 strategy, stick to it for consistent results 3. For weekly charts,...

yndesai

There seems buying interest in Exide industries at weekly supertrend level of 460. A good low risk long can be made here. Tentative risk reward is on chart. ------ I am not a Registered Financial analyst: 1 Learn the concept, not tip 2 Master 1-2 strategy, stick to it for consistent results 3. For weekly charts, Target/SL takes 1-9mon 5. Strict SL is on...

yndesai

A very good triangle breakout on bajajfinserv is seen thos can give good target. Since this is monthly i am keeping target open buy on any small dips will reduce SL.

yndesai Updated 

Precision Camshaft is now re-testing 185 levels This use to be lifetime high and is very important level. If stock take support at this level we can expect good rally. Targets upto 688 can be seen.Current swing low can be considered as SL

yndesai Updated 

Earlier resistance of 1150 can now act as support this level is currently also a super-trend level. Very good risk to reward trade possible at this point if Axisbank is able to close above 1160. Target and SL on chart

yndesai Updated 

A verry long term triangular consolidation has ended in Dmart. Triangle breakout target 5100 SL 3600

yndesai Updated 

Man infraconstruction is showing good buying interest at weekly supertrend. Has good potential 30% upside. SL and Target on chart. Similar setup had played out well in Carborundum Universal.