Purvishdiwanji

Purvishdiwanji

Stage 2A - Week of 12.6.23 - above all mas - increasing volume - double bottom It has bounced from a confluence of moving averages and ready to rip now!

Purvishdiwanji

Stage : Stage 2 uptrend Breakout date : 13.3.23 Breakout level : 25200 Volume : High Bitcoin was in Stage 2 uptrend and is now going for retesting its breakout level next week. New buy levels only above 31035 when it breakout with high volumes.

Purvishdiwanji

1HR chart : - Fib 61.8 retest - W pattern, price at base - Bollinger band outside-inside - RSI divergence Sell volume lower than yesterday Resistance : 18300 Support : 18150

Purvishdiwanji

TSLA showing : 1. Head & Shoulder pattern 2. At resistance 3. Forming bearish candle 4. Broke 20dma

Purvishdiwanji

Technicals : 1. 3 Drives setup 2. Pull back to fib23 3. D and W above 20ma 4. Positional trade Target : $120 (50% upside)

Purvishdiwanji

Technicals : 1. Stage 1 base : consolidation since June'22 2. Volume : above average volume 3. Momentum : increasing momentum, RSI > 60 3. Volatility : increasing volatility, bollinger band squeeze open

Purvishdiwanji

Fibonacci levels for support and resistance Current level : 41600 Support : 40800 Resistance : 42600

Purvishdiwanji

Fibonacci levels for support and resistance Current level : 17850 Support : 17600 Resistance : 18100

Purvishdiwanji

$STLD 6% upmove from 122.50 to 130 Technicals : 1. Monthly - bullish 2. Weekly - bullish 3. Daily - RSI Positive Reverse Divergence Trade setup : 1. Entry : 122.50 2. Stop Loss : 119.75 3. Risk : 2.75 points 4. Target : 130 5. Profit points : 7.5 points 6. R/R : 2.75 : 7.5 = 1:3

Purvishdiwanji Updated 

Reasons to buy $TSLA : - Monthly RSI at 40 support - Rising volumes - Fib support

Purvishdiwanji

Technical setup : - 4 Drives complete - Bounce from MA - Rectangle consolidation breakout - W-RSI range shift Trade setup : - Entry : $31 - SL : $30 - T1 : $38 - T2 : $45 - T3 : $60

Purvishdiwanji

Technical Analysis : 1. Auto sector is outperforming and leader sector 2. Stock from leading sector 3. D-RSI > 60 (high momentum) 4. Positive Reverse Divergence Target : 9000

Purvishdiwanji Updated 

SLB consolidating inside an ascending triangle with possible breakout to ATH (all time high) levels above $56 Shrinking Volumes with price in consolidation showing base formation for breakout to higher levels SLB is an outperforming stock in a strong sector $SPN

Purvishdiwanji Updated 

Multiple fib supports and resistance lines showing range between 42600 and 41600 % of stocks above 20sma is also in the negative zone showing - NO Long trades

Purvishdiwanji

SP500 analysis : Outperformers : 1. Telecom 2. Consumer Durables 3. Real Estate 4. Technology 5. Finance 6. Materials 7. Energy Underperformers : 1. Industrials 2. Utilities 3. Healthcare 4. Staples

Purvishdiwanji

Nifty Sector analysis Outperformers : 1. PSU Banks 2. Auto 3. Pvt Banks 4. Finance 5. PSE 6. Metal 7. Infra Underperformers : 1. Energy 2. Commodities 3. Pharma 4. Realty 5. Media 6. IT

Purvishdiwanji

The chart shows 15 years track record of the Nifty-IT sector. Out-performers : 1. Coforge 2. HCLTech 3. TCS 4. Infy Under-performers : 1. TechM 2. Mphasis 3. LTIM 4. Wipro 5. LTTS When the IT sector starts to turn and takes charge in the sector rotation, I would be rooting for the historical out-performers which create value.

Purvishdiwanji

Looks like consolidation time in box with immediate resistance at fib 61.8% and support from 38.2% S1 : 33000 R1 : 33400