Tcs long breaking bullish flag pattern
Vakrangee long textbook setup with bullish structure Sr Flip and good Emma support
BSE:SENSEX has recorded a All Time High today(26-Nov-19) but it was rejected by a trendline that extends from August 2018 till today. If this trendline is broken on a daily closing basis then I am expecting SENSEX to continue to the upside.
As long as price stays above 241, Uptrend in Daily timeframe is intact and one can BUY at 247 - 248 levels and accumulate further above 250 to 255 levels
A strong close above 187 can trigger 50% accumulation and another 50% accumulation when the price closes above 200 for a
EID PARRY - Good BUY at 175 to 180-185 levels for a immediate target of 220 But its a good investment stock looking at the monthly levels where the market structure is UP for the last 15 years. Reason for accumulation at 175 to 180-185 levels is due to over extension in price on a daily timeframe which potentialy could see a small correction before taking its...
SPICEJET - IMMEDIATE SHORT TERM SELL
Massive correction due will it be 2008,2011 or 2015
XRP has hit an almost 2 year low recently, as it’s crashed with the rest of the crypto’s in BTCs journey to the 9,000’s. It seems we’ve got a reprieve though, with indications of institutional reinforcement coming in to correct the price. I believe it likely with increasing interest in crypto for source liquidity (specifically XRP), many institutions may want...
Nifty broke out out of the consolidation and has chosen to follow the orange path as shown in the previous update. This is also in line with the Nifty wave count posted earlier (links attached). The wave (v) down now seems to be subdividing. We have the following wave relations: (ii) > 0.618*(i) and (iii) = 1.618*(i). Thus, 0.38*(iii) <= wave (iv) <= 0.5*(iii)...
MRF seems to have completed its correction and there is an opportunity to go long. The entry, SL and target (can be higher) are shown. (This is a risky trade as MRF might make a new low before starting the up move. So if the loss is acceptable, then one can try this).
Nifty is moving down as posted in the previous update (link attached) which also has the short term view. For the long term, it seems that this move could eventually go to 10,000 giving an expanded flat pattern or 10,300 in case of a truncation. (There's a remote chance that this is the start of a bearish market, but that'll get validated later).
Sharing Demand and Supply areas for nifty. These areas will work as support or resistances. Keep them marked on your chart. Using My own indicator of volatility for trend guidance. Check the script it available in indicators. Will share the time analysis and few important updates in coming months. Follow the price pattern, we are making swing lows now....
maruti taking support of long-term trade line bull above 6100 for 6200,6300,6500 with bears below 5900 for 5500