Hi Guys, Looking at the current scenario, the situation doesn't look good bank nifty can easily slip at 23500-23800 levels from here which is pretty much likely and if doesn't stop there it is going to slip to 20000-20500 levels where it has a strong support level. On the upside it has a huge resistance around 26000-26200 level, so to move upside it has to break...
Hello friends, looks pretty good sell to me. i think corrective pattern is complete, it might go down very soon to complete bigger corrective pattern for upside. look for sell opportunities on lower time frame. Thanks and good luck!
Back to the future is a great movie, it has 3 parts, great entertainer.
Hello all, explained everything that should be our levels and Targets for tomorrow Trade. Guys Please watch the analysis and ask your questions in the comment box.
With good volume buildup and stock showing multiple signs of reversal, this stock should be bought. We can expect a minimum of 54 in this stock. If momentum continues we can even see 70. This stock has the potential to give good profits in longterm even if 70 is crossed. Give it time and it should give you returns.
This stock is showing positive signs and maybe ripe for trend reversal. It is currently sitting at it's major breakout level and may bounce to at least 271. If 275 is crossed we might have a big break for higher targets.
Scenarios have shown a reversal of trend. Divergence coming in with braking of resistance may have triggered a bullish momentum now. Currently it seems the stock has made a slight correction after having shown a minor bullish rally and this correction should now come to an end with fresh bullish pattern again forming at key Fibonacci level of 0.618 which happens...
ONGC looks good to buy for all time frames. A breakout is soon possible indicating a good bullish run towards 190 in short term, with Crude Oil on support ONGC may soon breakout. For long term a cross of 205 would open up gates for higher targets. There is a possibility of this stock never showing these rates again. This is an excellent long term pick and hence...
There are 2 aspects to analyze any stock. 1. Fundamental Analysis: What to buy 2. Technical Analysis: When to buy 1. Fundamental Analysis, it seems like a good to buy because companies profit is increasing yearly, and operations profit is also increasing which is crucial for any company. Balance sheet also looks good. (Though I am not expert in fundamental...
MCX on 2 Month chart showing bounce of 38.2% fib and has started wave 3. Long term target is 1607.
Hi Guys, Here I am going to analyze the 1-Month chart of NIFTY. So this is how it goes:- According to Elliot waves theory, the 1st wave of the next bull run starts from the point of crisis or crash or war or all other depressing events. The major happened back in 2008. So from that point of time, the next bull run began. 1st wave: The first wave of the major...
Approaching oversold conditions on the weekly graph. TA also suggests signs of next wave formation. Although, recent acquisitions could give a boost in the perceived value by the market.(Arago and Cast) Hit the top resistance and retraced back ~22%. wait for the channel breakout(green) and trade in the flag pattern. watch out for the resistance marked in...
Hello Traders, I wish you all a happy Sunday and I hope you are enjoying the weekend so far Today, we will have a look at the Nifty Index from India and the USDINR. First of all let me explain to you why I use the Indian currency rupee to forecast the possible move in the Nifty. That is a so called intermarket relation. First of all, we need to understand that...
HCL Technologies has given a nice breakout today over a long term price point. This signals a good up-run in the coming months.A short term will occur in June and then some sort of low - a buying opportunity - in July. And then can sit tight for a ride up to 1200-1300 in Jan 2019.