gouthamsomayaji

gouthamsomayaji

Nifty 50 is going through consolidation and volume is falling when market rallied in the last one quarter. Which is not a good sign. Looking at the macro conditions it is better to be cautious.

gouthamsomayaji

Hi all Apollo Tyre is looking good on chart. After lengthy consolidation stock is looking good on chart. stock should do well if it crosses 246. Keep it on watch list..

gouthamsomayaji

After consolidating for a month stock has broken previous high. Decent volume is also there. Stock should give good return here

gouthamsomayaji

Today Visaka has crossed all time High price... Good volume ... Should be a good play .

gouthamsomayaji

After long three year stock has touched 217. Now stock has to break 217 decisively for further upside.. Today Mohnish Pabrai has sold 1.5% in Rain industries.

gouthamsomayaji

After consolidation stock is looking to break 185 resistance... If it breaks that with good volume then it is interesting especially looking at Maize which can be used for Ethanol blending .

gouthamsomayaji

After almost 1 month of consolidation Nifty is looking good to cross 16000 level... crossing 15900 with good volume is crucial.. FII's are still long ... Till FII's are long there is a safety. But one has to be very careful.

gouthamsomayaji

If we look at the monthly chart we can see that Both Ultimate oscillator and RSI are showing fatigue. Trend is upward on medium to long term basis but makes sense to book some profit.

gouthamsomayaji

If we compare RSI vs Nifty 50 trend RSI is showing the slowdown. Let us see how many more days of uptrend is left in Nifty 50. Please let me know your point of view ...

gouthamsomayaji

Hi all if you observe the Mindtree chart every 20th-day stock is seeing the bottom. Give or take few days. Just started analysing patterns and waves ... very interesting

gouthamsomayaji

Hi, all if you look at the IEX wave pattern before the bottom to bottom cycle used to be around 20 days but the whole cycle ends up being around 40+ days... And we can see that stock is making a higher high and higher low. If one can enter at the bottom of these cycle then can make a good upside. Purely for learning purpose.

gouthamsomayaji

Hi, if you look at the Nifty 50 chart bulls are still under control.

gouthamsomayaji

Hi all Tata Consumer is going through consolidation phase one should keep a track and take action if it crosses 651.

gouthamsomayaji

Hi, all if you look at the Gufi bioscience you can see that it meets both VCP concept, as well as script is above Darvas box strategy. Fundamentally also stock is looking good.

gouthamsomayaji Updated 

Nifty has fallen below 50 day EMA. It would be good level to start accumulating ETF or Index funds. If pandemic situation doesn't improve then we can test 100 day EMA.