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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.

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

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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.

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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

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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.

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There is very good triangle breakout seen in UCO bank on weekly chart. Likely targets are 35, 40 and 44 SL 27

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Breakout of crucial level is important indication of higher prices to come. When such breakout creates all time high it means that market participants are now willing to pay higher prices. A retest of earlier resistance from above creates good buying opportunity for investors. Here there is low risk and high return. Also success probability are high for such setup.

yndesai Updated 

Expecting 50~70 % correction in metal index over next 2yrs.

yndesai Updated 

44 has stayed as resistance in PNB for more than one year now that it as broken this level and coming back to retest, need to observe if there is serious buying at this level. considering strength returning in Banking sector. target of 68 is likely in 6~9 months. Waiting for blue downward trendline to be broken. SL below swing low..

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After breaking lifetime high we see a very good flag formation. This is good indication of further bullish move in EIH. Usually quick move of size of pole can be considered. Flag pattern is very commonly found and high probability pattern. Stop loss below Flag can be considered.

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Not so frequent pattern is seen in Saregama. if stocks break above the wedge we can get good momentum. It is not very easy to trade this as it can take lot of time to give breakout. Will monitor and update this idea as and when there is any movement.

yndesai Updated 

Very high probability upswing of +20% possible. Following are technical reasons 1. Made good double bottom at weekly 200ma 2. Good support at 50ema (there is tendency to respect 50ema) 3. Also took support at 155 which was earlier resistance. 4. Now we see it breaking out of consolidation. Target 205 and 230 possible SL can be at 155.

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Can you believe they are... Moving average(MA) is one of the oldest indicator. Lot of people (including me) would reject the idea that such a simple indicator can be of any use in modern day considering availability of advance computer tools. I came across free training videos of Oliver Velez who explained on how to use it. When I back tested his logic I was...

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Distinct and clear patterns are usually good for learning price action. Current H&S formed in bank nifty ticks all checkboxes. 1. It is formed after reasonable up trend. 2. Pattern appears clean. 3. Target is reaching a logical level of 200dma 4. Most of positive news are gone by and interest rate reduction is still 2~3 quarters delayed. This may not be total...

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After correction for more than 1yr there is first sign of reversal seen in Sumitomo chemical T1 490 T2 525 SL 397. Its better to Buy on dip for better risk reward

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All time high levels once broken is indication of good upside to come. Cherry on cake is when you see the same level being retested after breakout. SL 120 Target (Open) 200 likely.