gmaster29

gmaster29 Updated 

GRSE had a good cup and handle breakout. Then consolidated side ways for more than 17 months and gave a breakout again recently. Generally longer consolidations results in explosive movements upwards or downwards depending on the upward or downward breakout. Mid term target 310 and long term 500 in 12- 18 months.

gmaster29 Updated 

India cements has hit couple of key resistance levels, expect short term pullback to 231 and might touch 209. This is technical pullback , stock is still in long term bullish mode.

gmaster29 Updated 

Natural Gas has been pulling back for last few months. It has hit double bottom today at 5.325 and I would expect some technical bounce of that level. Overall trend for NG is bearish, I expect it to next level major support 4.92 and 4.5 in next few weeks or months.

gmaster29

Ford Motors has pulled back more than 50% from 2022 highs. It has been testing the major support trend line (WHITE) running from Mar 2020 lows. This is a weekly chart and you can notice it's breaking the major support trend line and 200 EMA weekly. I see Ford to test the $10.72 support levels and have a technical bounce testing the white trendline around...

gmaster29 Updated 

UUP hitting upper trendline in parallel channel (yellow) and also nearing longer term resistance trendline (red). Expect pull back in UUP to 29.5 levels soon

gmaster29 Updated 

Japanese Yen has been falling against US dollar for quite some time, strong dollar trend is super bullish. Expect USDJPY to pull back to 146.25 short term, then hitting the Fib level 155.83 and eventually double top target of 160 , 1990 highs. Strong US dollar is going to break a lot of economies across the world and we'll see a sovereign debt crisis across...

gmaster29 Updated 

Nifty is bouncing off on a critical support 200 SMA and lower end of the channel. If it breaks below the 200 SMA and lower end of channel, expect it to test the gap fill levels 17016, 16641, 16340, 16049 eventually 16000. Timing the 16000 target is difficult but I expect it to hit before 2022 end or earlier. On flip side if earnings are good and dollar prices...

gmaster29 Updated 

Head and Should Target 5.325 also coincides with July lows

gmaster29 Updated 

USDINR has been in bullish upwards trend channel for last 4-5 years and has been consolidating sideways since Mar 2020. If it manages to close above 76 in next 2-3 months, it will be big breakout and soon we can expect it to reach 80-81 by Aug 2022 or earlier. Globally all countries are printing money and weakening the currencies and with all uncertainty around...

gmaster29

TCS is currently oversold, and might see technical bounce 3229 short term. But mid term trend has been bearish and we could see TCS hitting lower prices while have technical bounces on the way. Parallel channel trending towards, price will test lower end of the channel, expect levels 2810, 2700 to break and gap fill at 2458 . Projecting time with target is...

gmaster29 Updated 

The long term upper channel has been pretty strong resistance level from March 2021 to Feb 2022. From Mar 2022 to till now, it has served as pretty strong support level. I think with the overall market beaten down and white house noise on reducing on oil prices, we’ll see sector rotation from Oil to other sectors, mostly growth stocks. I see crude oil could up to...

gmaster29 Updated 

Major trend line that dates back to Oct 2018, it was a major resistance line until Aug 2020 and it has been a major support line since then. Yesterday APPL broke major support trend line briefly but closed above the trend line end of day. If APPL can hold above the trend line for next few days, I believe we’re seeing a market bottom and indexes SPY & QQQ will...

gmaster29

TLT has been in downward channel since COVID 2020 highs. Currently it's hitting at a MEGA technical level which has conjunction of triple support trendlines as shown in the chart. TLT might go down till $104 before a short term technical bounce to $115-$116. However my medium to long term target for Treasury bonds is $95 and $85, with Fed increasing interest...

gmaster29

This is weekly GDX chart, testing multiple support levels - Channel lows, 200 SMA and long term support trend line. It's a good buy now for a quick bounce and also for long term. Given inflation is going to be hot for few more years, gold and gold miners will shine.

gmaster29 Updated 

Tata consumer has been on sell side pressure in recent months and might have found a bottom. Short term target around 750 and 780 in few weeks.

gmaster29

Natural Gas has been on a tear for last couple of months due to Russia-Ukraine War. Natural Gas broken the key double top level 6.5 on weekly chart and also hit a key resistance trend line today at 6.7 This week close will be very crucial to see if it can close above the trend line. We'd need to also wait to see next close above the trend line for confirmation....

gmaster29 Updated 

LINDEINDIA had a massive run up in last 18-20 months and has formed a bull flag pattern. Currently its consolidating with in the Flag Pattern. Momentum has picked up for this stock and getting ready to breakout of the upper trend line, with short targets 2670, 2756, 2945 by end of Jan 2022 or even earlier. If it fails to close above the upper trend line 2-3...

gmaster29 Updated 

IOLCP had a massive run up and has been been on bearish trend after making all time high. This is a no touch stock right now, as the short term and mid term trend are bearish. It's making higher high and lower lows, one can start investing after the trend starts reversing to bullish. Volume has also died down, basically no interest from institutional investors....