CMP 9225 Target 10k + Stop 8925 1) Clears past the resistance line with good volumes. 2) Cup pattern formation observed with possibly right hand side formation progress.
Wave C appears to have started after the completion of wave B at 10894 - very close to the predicted level of 10850 (see below). Wave C could go down to 10400 if Wave C achieves equality with Wave A or to 10070 if Wave C is 1.62 times Wave A. I will update the targets after the completion of wave 2 of C. Note: This is just for my own future reference and is not a...
RHFL CMP 68.50 TARGET 82 STOP 57 1) Price structure has a sort of H&S pattern suggesting reversal of trend. 2) Price has broken past the resistance zone of 65-67 with heavy volumes. 3) Serious buying with heavy volumes observed in few trading sessions during the consolidation zone (51-67) in the past one month. 4) Price pattern also has a RdB structure with the...
BODAL CHEMICALS Weekly chart CMP 149 Stop 127 Target 185 plus 1) Stock has a W pattern with a previous swing high breakout with huge volumes. 2) RSI breakout signals momentum buildup.
SENSEX INDEX India This is another index that looks like it's topping out for the summer. The great bull campaign from the 2009 low at 8075 to a high at 36370 over 9 years is in its final stages. Echoes of the Dax here. A break below 34291 will trigger a short opportunity here back to 32516 where it should attempt to bounce - but it won't get far when it...
Weekly Chart CMP 1257 Expected target 1260 + (1200-800) = 1660 plus Stop : Trail 30 weeks ema, currently at 1080. 1) The stock has broken past the small consolidation zone (W pattern) and also the broader consolidation zone with huge volumes. 2) Relative Strength with respect to broader index indicates serious money flowing into the stock. 3) RSI has been in the...
GMM PFAUDLR CMP 878 TARGET 1100 PLUS STOP 775 Stock has cleared past major upward sloping resistance levels with huge volumes. This stock can be a wealth generator if held for a long time.
JETAIRWAYS key support needs crude to drop
The chart of Sensex index in terms of gold. It don't give a long history, only 11 years. I ran this chart to answer a specific question; Will a nuclear war happen? At least, will India participate in such thing? A country with booming market reflect a very positive social mood will not engage in a war. I don't have long enough historic data to get the big...
Exide Industries CMP 261 Target 310 plus Stop 240 Weekly chart 1) Cup pattern breakout with good volumes. 2) RS upward sloping and above MAs.
Optimeus CMP 293. Weekly chart. Cup formation observed post a long pole. Buy above 305 to ensure a convincing breakout. Stop 220. Target 390 plus. VALID ONLY ABOVE 305.
SIS. CMP 1323 Stop 1175 Target 1500 plus (length of the consolidation zone). Daily chart Stock has broken out of the rectangular consolidation with above average volumes.
Mannapuram CMP 126. Stop 110 Target 155 plus Daily chart Stock has broken out of a cup pattern with good volumes.
RBL Bank. cmp 538 Target 600 plus (min.) Stop 500 Weekly chart 1) Stock breaks above the downward sloping consolidation zone with good volumes. 2) Cup pattern formation adds strength to the upside. 3) RS breaks above MA.
CMP 612 Target 700 plus Stop 550 Weekly chart Rectangular breakout / W pattern with huge volumes accompanied by all time high RS.
CMI CABLES CMP 327 TARGET 425 PLUS STOP 275 The Stock has broken out with good volumes. Cup pattern breakout observed with volumes.
SORILHOLD CMP 294 Target 370 plus Stop 245 Weekly Chart Stock has formed a W pattern breakout.