USD INR - Extreme crab pattern Activation - Weekly close above 82.9800 Target - 87Rs Horizon - 4-6 months.
ALKEM LABS - Dow theory reversal First higher swing high in a lower low formation accompanied by multiple inside bar breakouts.
NIFTY PSE - Analysis 1. The most risky sector out there. 2. RSI loosing strength near 2008 highs!! 3. Do not enter PSU stocks right now! 4. Buy only post breakout from supply zone.
CARBORUNIV - Weekly cup formation 1. Wait for a weekly close above the yellow line. 2. This is a part of SBI small cap fund. 3. Can create generational wealth. Stoploss = 830 post entry. Holding period - > 4 months.
ABB - The CRAB harmonic A daily close above Point has activated the 2 mentioned targets on the charts. One must maintain a SL of 2900
CHAMAN LAL SETIA - Stock near fresh ATH and continuously making higher high. 1. One can add part qty here with a SL of supportive trend line. 2. Remaining qty can be added post breakout. Target - 174, 189, 199
ISMT - Possible Generational wealth stock Already given a Pole & Pennant Breakout on monthly time frame. Entry - Above red line
GODREJ CONSUMER PR - The BAT pattern The target at Point D is still active, with a SL as AVWAP from demand zone. P.S - Add in cash only as the time frame is wekly.
CCL PRODUCTS - Mother candle formation entry - weekly close above 572 Target - 2x, 3x SL - Range bottom
AXITA COTTON - Confluence of mother candle + rounding bottom breakout. Target = 10 Points SL - Red trend line
SRF - High probability mean reversion candidate One can maintain a SL of 2000 for a target till red line.
NIFTY - RSI convergence at max POC support accompanied by presence of a demand zone. 1. To the best of my knowledge, a short term bottom has been formed here. 2. However, swing lows can be formed ahead to trap sellers on account of budget. VERDICT - sideways to bullish but no fresh ATH
PIIND - A weekly close below point B will invite a downside target of 300 Points. Wait for affirmative closing because Point B is also a very strong reversal Point.
ULTRACEMCO - Confluence of shark harmonic accompanied by mother candle breakdown An immediate target of 6500 is eminent here.
AXIS BANK - Potential short A daily close below Point B will invite a downside target of 856. Wait for entry to trigger
KABRA EXTRUSION - Elliot wave 3 Fresh entry - Weekly close above 564.45 Target - Point 3 & 5 SL - 435 Note - This is a weekly set up. Targets will take time. Please plan your position size accordingly.
CAMLINFINE - Perfect AVWAP set up Entry - Weekly close above red line Target - Rounding bottom
POLYPLEX - High probability reversal of polarity set up accompanied by POC support. One can add here with a SL of 1460. View - medium term