CkParkhey

CkParkhey

In next 12-13 sessions Maruti offers decent returns of 3.5% to 7%. Stock currently trading to reach 61.8% retracement of last up move. This is where the opportunity lies where R:R is quite favorable. Once in the trade at around 3,575, use S/L as 3,535 (roughly 1%) which is a support level that lies between End of March till first week of April.

CkParkhey

HUL could be a winner in April. Please refer genesis on the Chart.

CkParkhey

A nice opportunity may appear in ACC which is finding support since last 9 sessions at around 1,550 level. Trade consist a Long-Short combo in a Gartley pattern. Please refer notes on the chart.

CkParkhey

In my previous post, I mentioned about a typical Crab projections where NIFTY may witness volatile and sharp upmove with an ability to crack up previous High. However, on a larger frame it suggests a nearly perfect Gartley pattern (Please refer my comments on the chart). This suggest that upward journey has three major hurdles at 0.618% 0.786% and 0.886%...

CkParkhey

Refer notes on the chart