- JSW Steel looks ready for a short-term downturn phase - Look how the PE ratio has shot up crazy from the last time we saw the same price ( Price is not justified) - With the current selloff, The bulls are trapped at ATH making them long-term investors. - We do have a trendline that may give support when the time comes. But until then, It's time to bleed? What...
The chart is self-explanatory as always :) In addition: www.bseindia.com Have Requests or Questions? Let us know in the comments below. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult...
🎯 Nifty at a crucial Support! 🎯 We will say it again, The FIBO levels are very conveniently placed. 🎯 18900 - 38.2% FIBO level, Previous resistance may turn support and 200 DEMA. 🎯 18520 is one strong value zone. Previous resistance may turn support, trendline support, 50% FIBO Level, 50 WEMA. Did we miss anything? #stockmarketcrash If you'd like to request an...
- The rising wedge pattern in #BankNifty is very much evident and Obvious. - The Layman's Consensus would be a breakdown into the correction phase. - The other probable outcome should be a sideways market followed by a breakdown that is immediately covered up for another up-move. - Note that the FIBO levels are conveniently placed at 38.2% and 50%. - Only time...
The chart is self-Explanatory :) If it helps you in anyway, give us a like and a follow :)
The chart should tell you everything you need to know about NSE:BIRLACORPN . If it does, Do consider giving us that boost for motivation. What do you make of this price action? Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions....
Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum. It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum. Also, check out our opinion on the overall IT Sector. What do you...
The chart is pretty self-explanatory :) Bias to green provided the IT sector flies. Check our previous idea below. DISCLAIMER: We are not registered. We are not advisors. The ideas mentioned here are merely for educational case study purposes. Please consult your Financial advisor before investing.
The Chart is pretty Self-Explanatory. 1. Since March 2022, the price climbed almost 42% to make an all-time high. 2. It then consolidates for 200+ days, to form a double-top pattern. 3. Recently, with 4 parabolic red candles it broke the zone. 4. We should see some pullback if it has to resume its retest and continuation What do you think?? If it was worth...
- We have analyzed the price action of Glenmark since 2017 on a weekly TF. - Given that the resistance has been tested multiple times, we as investors will expect it to be weak and a break will mean an up move. - The fact that Glenmark has given a parabolic move of 63% makes it contradictory - If you look at the PE ratio, The PE is up like a mountain making its...
• The highly anticipated demerger of Jio Financial Services Limited is currently underway, and on 20th July 2023, Reliance shares finally went Ex-JFSL. • According to brokers' estimates, the per share price of JFSL was expected to be around 190. However, the market-derived valuation has exceeded expectations, reaching 261.85. This indicates that people have high...
Well, like always, the chart is pretty self-explanatory. Do check out our view on nifty50 of which reliance is a major chunk. If it was worth your time, do give us a like. Anything on your mind? Feel free to leave us a comment :) DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL...
With the markets being volatile, Nestle broke its support only to retest the zone. We may see a continuation of the downfall. What are your views????
A breakdown and retest of the upward channel can be seen on a 15 Min chart. If the low is triggered, we may see a good downmove???? What are your thoughts? Leave us a comment. Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors...
Case Study: Nifty seems to be in a crucial position. It can either get stronger to give a flag pole breakout and extend higher in the near future OR BREAKDOWN to cover up the 3 remaining gaps. We know that 99% of the time, Nifty fills its daily gaps and with these 3 pending, an up move will only mean a future down move to cover them up later. It is better for the...
The chart is pretty self-explanatory. Now all that matters is if the price holds above the zone. if it does we may see good momentum. DISCLAIMER: THIS IDEA IS MERELY FOR EDUCATIONAL AND CASE STUDY PURPOSES. THIS IS NO ADVICE. DO NOT INVEST BEFORE CONSULTING YOUR FINANCIAL ADVISOR.
Edit - The horizontal line on the top is ATH ( Stupid White font) Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)