VigneshRaja-UthayaKumar

VigneshRaja-UthayaKumar Updated 

This is just my speculation on how Nifty 50 will perform for the next few months. As per my technical analysis, if Nifty hits ATH (~19000) in the very near time, then there is a chance for our market to go down from there. Either its 20%(~15000) fall or 35% (~12500). Why? 1. RSI indicates a divergence. 2. Price will be testing the main resistance for the third...

VigneshRaja-UthayaKumar Updated 

Descending Channel Breakout and restest verified. Could see a bull run in the coming days. Keep the stoploss little below 188

VigneshRaja-UthayaKumar Updated 

Currently in neutral position. But the coin is maintaining at the good support in the range $0.4. Wait for the breakout for a bullish rally

VigneshRaja-UthayaKumar Updated 

Aarti drugs is on the verge of breaking the trendline after consolidating for a long time.The consolidation happens after a flag pole, which is a strong indication of an uptrend movement. And the volume gives an additional suppport to the idea. Hope it reach above 1000pts. :)

VigneshRaja-UthayaKumar Updated 

The breakout and retest is done. Its time to see some bullish run in the coming days.

VigneshRaja-UthayaKumar Updated 

NEGATIVE SIDE : 1. Nifty IT broke the major support level at 34450pts during the last trading session. 2. The two major rejection candle at the level 36750pts in the recent time is so crucial. This is because of the two major correction happened in the past one in 2000 and the other during the corona situation. Both the corrections have the 4.236 fibonacci level...

VigneshRaja-UthayaKumar Updated 

Formation of Head and shoulder pattern, which indicates a downside. Getting rejected at the resistance and trendline for multiple times. Targets are at the levels of Fibonacci.

VigneshRaja-UthayaKumar Updated 

Currently following "Channel Pattern", got multiple rejection at the resistance level. If the trendline breaks, it can reach the bottom level of the channel.

VigneshRaja-UthayaKumar

Things to note : 1. 2200 level has been tested multiple times (3 times) on the monthly chart, which is really a worrying factor. 2. Head and Shoulder pattern formation after the recent breakout. Targets - 2000/1800/1600 Expecting to reach 1800 before the results.

VigneshRaja-UthayaKumar Updated 

#Study Material Just an "Introduction of the Elliot wave theory". Keep this as a study material.

VigneshRaja-UthayaKumar

Looks like ITC is heading towards a Bull run again after the announcement of "institutional and financial analysis day" on Tuesday.

VigneshRaja-UthayaKumar Updated 

During the consolidation, there seems to have a good amount of volume gain and also the trendline broke happened with another good volume, indicating a bull run in the coming days.

VigneshRaja-UthayaKumar Updated 

New Targets :)

VigneshRaja-UthayaKumar

Sun TV clearly follow the 3-driver pattern. And currently the price has reached the Target 1 and after the breakout today at 570Rs, it moved rapidly to 590 and inching closer to the next target. And we have good lineups for Sun Network, it is possible to reach the second target or even the third target in the coming days.

VigneshRaja-UthayaKumar

After following a flag pattern, today the trendline has been broke out for the stock. And we can expect a decent bullish run in the coming days. 1st Target - previous ATH (268) 2nd Target - Depending on the momentum (yet to figure out)

VigneshRaja-UthayaKumar

Wait for the major breakout. :)

VigneshRaja-UthayaKumar Updated 

Positive Side : 1. Formation of Cup & Handle pattern. Indication for a bull run. 2. The same cup & handle pattern follows for Nifty IT, which gives an additional support for a bullish run for the entire IT stocks. 3. Can expect a huge return, if the market support the uptrend. Negative Side : 1. Last two monday trading sessions turned out to be a disaster in...

VigneshRaja-UthayaKumar Updated 

Positive Side: 1. Formation of two bullish pattern - Cup & Handle Pattern, Flag Pattern. Indicating uptrend after the breakout (1432). Most probably, if we have a good early start and it can break 1449 and it will tend to reach the Target 1 (1460). So, ignore trading in this spot, if we have such situation. 2. Once the target 1 is achieved, it can form a V...