CuriousChartist

CuriousChartist Updated 

The stock broke the downtrend convincingly with a consolidation. After a rise , it retraced 61.8 which is again a healthy sign for a stock. I may be wrong in calculating the waves but I suspect this is the end of 3 and 4 (pull back) would resume soon. Stock looks very good for medium term. Accumulate on dips. Fundamentally the stock is trading at 0.56 times...

CuriousChartist Updated 

Bank Nifty having broken down the rising wedge has the potential to chase the lower side of the parallel channel. In that journey, what we hope today and tomorrow is that it takes support and reverses around 20500 because a fall from those levels can see it dive to 19000 which would also bring Nifty50 down to 10400-10500. Basically the price has been moving...

CuriousChartist Updated 

Chart is self explanatory. After a rally from 151 to 184 time for a minor correction to around 171. This is also supported by an overbought RSI. From there a new rally towards 196 will resume if markets remain positive.

CuriousChartist Updated 

A breakout from a symmetric triangle with good volume and the RSI has some space to get into the overbought category. On this line I reckon this stock can meet its first target in a week or two. A little bit of consolidation in the beginning of the week cannot be ruled out as well, which in fact, would be a healthier sign to accumulate.

CuriousChartist Updated 

This chart is basically just a learning experience for me to see how the stock behaves in the coming days. Whether history would repeat itself in the medium term? Whether technical charting and market sentiment can overpower fundamentals ? Many of you may say it is obvious but here is a stock which technically is great as explained in the chart but fundamentally...

CuriousChartist Updated 

Folks, this is my first attempt at charting with Harmonic Patterns. What I see here is a BULLISH CRAB where the CD is in process and the expected target is between 990 - 1000. I would like to call out the experts in this field of charting to advice me if my charting is accurate or if there is anything more that I should have considered.

CuriousChartist Updated 

A breakout from a cup and handle pattern. The stock might correct a bit which we call a retest of resistance or a pull back but technically looks good to go till 175 in the absence of major resistances. One could accumulate on dips if any. However always maintain a stop loss as per your risk appetite.

CuriousChartist Updated 

After a breakout from the ascending triangle , there was a weak breakout which wasn't powerful enough to take on the next resistance. A retest of the previous resistance happened which is now a support. Now we see some accumulation going on near the resistance - always a good sign. A breakout from the current resistance( 950) is expected but the stock will enter...

CuriousChartist Updated 

Muthoot finance is the World's largest Gold Financing company. Pattern expectation- Very likely it may form a cup unless there is a deep market correction in case of which I will update this analysis. The price broke out of a flag pattern this week. So the first target expected in this script is 1281 which is about 11.7% returns from the CMP of 1146. We could...

CuriousChartist Updated 

The chart looks promising in the short term. The RSI also is at a very sweet spot. Since Nifty movement is very uncertain, I am just quite bullish however if Nifty continues with the uptrend then we could see the pattern repeating itself here as well for targets close to 40. Be cautious before taking an entry.

CuriousChartist Updated 

A perfect cup and Handle formation candidate. Expect it to touch its previous high of 45.8 followed by a small pull back (Handle). The rally upwards will then begin. However there may be some delay if Nifty corrects longer than expected. So Be Cautious and always trade with a Stop Loss.

CuriousChartist Updated 

Nifty is expected to correct this week (I have uploaded my views on Nifty - Do have a look at it :-) ) so we could see some weakness in Affle too. However the stock is very strong fundamentally and the growth prospects are very good. One should keep accumulating on dips even though the valuation is pretty high if it breaks the channel on the lower side.

CuriousChartist Updated 

Nifty will face strong resistance from Monday first at 10648 and if it manages to cross that then again immediately at 10788. Also the larger pattern in which it has been moving is a Rising Wedge and a correction towards the bottom line of the wedge 10333 is expected.

CuriousChartist Updated 

This script had been moving upwards in the channel at a decent pace forming an Ascending Triangle in the process. Last month once the Galwan valley fight started, that is when this defense stock gave a breakout of the Ascending Triangle and started racing on. Since the breakout it has given a staggering 68% returns in 24 days. The stock also continued in the...