yndesai

yndesai

We can see clear double bottom breakout and retest here. This retest is of significant level of earlier support and resistance of 745. Weekly 20 and 50 moving averages are rising and prices are very close to these ma. Good risk to reward is possible. SL is 10% so need to keep qty less. Caution Notes: Try to learn the concept instead of looking for tips. ...

yndesai

There is clear higher lows formation seen after about 2 yrs of correction phase. 20ma and 50ma on weekly charts have started showing upward direction. Buy above (600 levels) is good resistance level. Targets and SL are on charts. As I see lot of new followers thought of adding Caution Notes: Try to learn the concept instead of looking for tips. ...

yndesai

Risk in simple term means possibility of unexpected outcome ie "Something happens as A Surprise..!". Surprises are positive as well as negative. Negative surprises are known as risk. However, positive surprises are opportunities So we must always speak our risk and opportunities at same time when discussing risk. We invest in risky assets for positive...

yndesai

Time for caution in Small cap index. We are at 3.618 Fib extension level. When we attempt to do wave count we can likely see end of wave 5. Also we can clearly see RSI divergence here. While it will not be good idea to buy at these levels. it is better to look at pocketing some profits.

yndesai Updated 

Good opportunity for next 6 months holding. 20SMA started to rise hinting of correction is nearing completion. Target can be 7000 which is all time high. SL 4400 can be considered

yndesai

A very good risk reward setup in Ashok Leyland... All time high is broken and also retest done. Also it is taking support nr weekly 20sma. It will show good momentum once new all time high is made.. Tentative SL and target marked on chart.

yndesai Updated 

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

yndesai

After giving all time high of 335 levels we have retest of the same level. Its taking regular support at 50ma. SL T1 T2 on chart

yndesai Updated 

After consolidating for more than 1 year Tata Elxsi now seems ready for next upmove. Good technical signals are 1. Resistance of 7150 region is acting as support 2. 20 and 50 moving averages are rising and giving support T1, T2 and SL are no chart.

yndesai Updated 

Nifty / USDINR chart gives idea of how indian market has behaved in terms of international valuation. When we see long term chart, we can see that Nifty has not made all time high in terms of USD, we also see that a significant top provided resistance at later date. Considering this will we see resistance after another 5~7% move in nifty. Let's observe how...

yndesai

Polycab has given very good rally. Now we can see that on monthly chart it is trading at very far from 20sma. On daily it is showing breakdown of rising channel. It is now likely to go in consolidation/pullback phase.

yndesai Updated 

Pattern seems good for Cup and Handle however, buy will trigger only if weekly close is above 46. SL may be kept at 34~36 level.

yndesai Updated 

Poonawala fincorp has given breakout and currently giving retest of breakout level. Good low risk high reward setup evolving. SL 330 Target 440.

yndesai Updated 

End of correction is seen in ABFRL. This reversal pattern is seen nr 200ma and has very high success rate at such support area.

yndesai

To explain this concept I would like to use analogy of weather forecasting. Consider you are living in Mumbai and you are suppose to make following are 3 weather forecast: 1. Will it rain on 2nd August at 1:15PM ? 2. Will it rain in first week of August ? 3. Will it rain in month of August ? Equvivelant in stock time frame is 1. Will price move up by 1% in...

yndesai Updated 

This candle stick pattern on nifty daily chart has very good success rate. For dragonfly to succeed we need 1. Existing down trend. 2. Dragonfly doji formation. 3. Break of dragonfly high. Third condition is what we need to track today. Also, if we gap up today than it can be a good candidate for abandon baby pattern.

yndesai Updated 

After breaking lifetime high in December. The resistance has become support now. Now this stock has retraced at same levels and has shown strength inv Head and shoulder is formed at this key level. SL 530 Target 725 and 900

yndesai Updated 

Lot of confluence seen on this chart. 1. Good break and retest of resistance which is used as SL:200 2. Retest level co-inside with 20ma and 200ma 3. 20ma is rising so we are in buy on dips mood. (as discussed in earlier moving average post) 4. Earlier resistances 250 and 280 are now our target 5. Good volumes in green weeks means good buying at lower levels.