Purvishdiwanji

Purvishdiwanji

Reliance showing bullish RSI range shift on 1HR time frame Rectangle breakout with target of 58 points Rectangle target : 2608 Resistance at 20DMA : 2595 Round figure resistance : 2600

Purvishdiwanji

Nifty on Daily as per technicals is in a zone with immediate support at 18250 and resistance at 18450 Major 20DMA resistance at 18420 Long above : 18450 as today being last trading day of 2022 it may consolidate in this region unless US futures show some positive indication post 2pm IST

Purvishdiwanji

Sector : CNXMetal CNXMetal outperforming Nifty Rectangle breakout

Purvishdiwanji

Sector : CNXMetal CNXMetal Outperforming Nifty Perfect C&H with target of 900

Purvishdiwanji

NIFTY50 on weekly charts has formed a cup pattern The neckline at 18210, it may start forming the handle. Watchout for Cup & Handle formation. What do you think ? Leave in comments

Purvishdiwanji

ASIANPAINTS showing negative divergence on Weekly charts indicating weakness for short term. ROC is clearly showing this divergence. Increasing Oil prices and a Weakening Rupee are putting pressure on paint company margins for short term duration. Be careful if holding long positions

Purvishdiwanji Updated 

NIFTY50 zones : Resistance : 1. R1 : 17945 2. R2 : 18210 Support : 1. S1 : 17655 2. S2 : 17155

Purvishdiwanji

NASDAQ / US100 support zones : After taking support at 15160, Nasdaq seems to be heading for 16670 as forming HH / HL

Purvishdiwanji

Deepak Nitrite showing inverse cup and handle with BO at 2400. Final target is 3000 so hold your reigns and keep enormous patience to make wealth. Panic only causes regret and loss.

Purvishdiwanji

Neck Line : 2370 Cup bottom : 1830 Difference : 540 C&H target : 2900 Entry : 2480 SL : 2400 SL points : 80 Target 1 : 2600 (120 points) Target 2 : 2680 (200 points) Target 3 : 2750 (270 points) Trail with SL till

Purvishdiwanji Updated 

Silver : Short : broke fib61 level of 22.98, target 21.46 which is fib21

Purvishdiwanji

Fib retracement on Weekly showing Tesla heading for $800

Purvishdiwanji

DLF took a strong support at 400 and could be a good swing buy with target 450. 400 is also fib support Weekly RSI closed above 61 today Good buy volume, highest after 2.11.21

Purvishdiwanji

Tata Power is making HH/HL and is in uptrend. A close above 233 next week will ensure a run upto 250 with final target 268 Entry : 235 SL : 230 (5 points) Target 1 : 250 (1:3) Target 2 : 268 (1:6)

Purvishdiwanji Updated 

GujGas : 1. 1HR Chart : Taking support at fib38 2. RSI : Positive Reverse Divergence Entry : 660 SL : 655 Target : 675 RR : 1:3

Purvishdiwanji Updated 

Weekly chart showing Bearish RSI Divergence for US100, will it go through ?

Purvishdiwanji

Multiple trendline confluence Price facing resistance at Fib23 level Short below 17135 once price brakes fib38 level

Purvishdiwanji

Nifty : Buy : once price closes above 17215, target 1 : 17600 Sell : once price closes below 16944, target 1 : 16600