yndesai

yndesai Updated 

Here there is breakout and retest of all time high. Supertrend retest also seen Good low risk entry possible.

yndesai Updated 

If this is wave 3 than next 2yrs we can expect a stronger bull run... Wave 2 was a shallow correction so expect a deep and sharp correction in wave 4. This may come after june 2024. There is longer term cycle also playing out which can be seen in linked idea...

yndesai

Yes. ! Super trend. If we know how and where to use this indicator, you are sure about getting very good trade. It ensures 1. Low risk 2. High returns and at times real big trend So how to use it? 1. Prefer larger time frame. I use weekly. 2. Once super trend is green wait for pullback. 3. once price reverses from nr super trend enter. (I would wait for...

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A good reversal breakout in Divis lab. long time resistance of 3900 is now broken a very favorable risk reward setup for long position. SL and targtes on chart

yndesai Updated 

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.

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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 

After long under performance L&T is going to get re-rated and likely to give a dream rally in next 2yrs.. even 7k may be on cards..

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...

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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

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...

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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

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...

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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