Just for Fun. ITC making a Rounding Top like structure. Get Into the Umbrella.
ITC Once it broke the HnS on Monthly, has never looked back...!. Breaking a muli year T/l. convincingly. It has done it Heads Length once now, but the pullback did not take it past the T/l. And it now heading to the Value Zone. But to come out from there will also be a big challenge. Looks like a long consolidation. Unless some dramatic fundamental changes to take...
IEX has taken multiple times support at T/l. and Supports. Above 200 it can again do a 220... Let us see. Personally i get scared with the numbers of Tails the stock makes on every day. The weekly chart looks such huge range. Disc - I post chart for my study purpose only. Take advise of your SEBI Registered Advisor for buying selling.
Rain Inds - Loooks like a Possible Stage 2 of Stain Weinstein 30 WK Cup N Handle B/o. Let us see. References marked for break outs. Disc. - I am posting chart for my own study purpose. Not registered with SEBI. Do your own research and consult SEBI registered advisor.
Someone asked Nifty 12900 ja sakta chart ke hisaab se... I said yes, this is how it can go...! Just for the heck of it. Do not take it seriously. Even if it happens i am not gonna say Maine Bola tha...! Views are for fun!
Bharti Airtel - 5 Signs ignored to get into deep shit hole. Hope has no place in Trading. Should have followed the signs the rules. As humans we make this mistake of sticking to our emotions or thesis, but somewhere we have to let go on the visible signs, if ignored it can cost.
IRCTC - Forming a bullet train shaped triangular consolidation. Which way it will break?. If break upward, 1595 in no time. Upcoming Festivals might help to open up few more trains. Let us see. Discl - Charts for academic purpose. Take advise from your fin advisor for trades.
Nifty 50 movements looks similar to Last years run up to the Peak of January 2020. Midcap Small Cap rallied, Big Bearish engulfing at the top, following by a further dip and then a smart recovery and then we all what happened in Covid. Similar situation playing out. After a huge dip broad rally, making an intermediate top, bearish engulfing on 31st august,...
Whenever Wipro has made a high it has not sustained. at times it has come back to 12 M MA. Will it be different this time. When i wrote last year June 2019 the same thing it worked. Will it be now.
Vodafone Idea - Looks like a cup n handle on weekly. I am not sure. But let us see. Keep tracking.
Gold Bees - Any Idea what these freak trades are all about...?
Nifty Midcap 100 Index has broken twice the 12 year long term trend line since 2008 low. Finally now it rose above it re-tested the T/l and now bounces off this week. I would now dip into Midcap Index Funds. (not midcap mutual funds). let us see.
AB Capital - on the cusp of goo move. Just at monthly trendline as well as resistance barrier. A nudge above 76 monthly closing, it can do a good 50% upmove from here. Let us see.
Tech M looks all set to run towards ATH 840s... ! A supply at 780-800, beyond ATH it can be an another 200 points more. SL for this is around 735-745.
IDFC Ltd - Looks poised for a good break out above multi year resistance of 30. If it happens it will be a good to go to attempt 40 and beyond 40 it looks superbly poised for a big run. The stock cross 50 W MA after a long time, but its Weekly RSI has hardly ever crossed 60 in its lifetime. Look for fundamentals more than technicals if one wants to invest in this one now.
Dear Trading View - Could you help to understand why If Open > Close,the color of Candle is Green.
IDFC - Making a Reverse Cup n Handle type... (Just for fun that was)...!
ITC - The most talked about stock, finally breaking out. Wether it will continue, time will tell. For now 210 looks a possibility. See the Volatility Contraction pattern.!