Hello and a warm welcome to this technical analysis on HINDALCO In daily time frame it has activated an Ichimoku bullish alert C Clamp suggesting the possibility of a rally till 500 provided it does not breach 453. Approx time frame for the suggested level is around 2 weeks.
It has given a breakout after a sideways corrective. In the short term it could rally till 155-160 while in the medium term stock looks good for a possible 225. Short term stop loss for this breakout is at 141
Hello and a warm welcome to this technical outlook on Dr Reddy based on Harmonic Patterns. In daily time frame it has made a Bullish Harmonic Cypher suggesting an up move possible till 4800/5000 with a stop loss at 4500.
Hello and warm welcome to this analysis on KOTAK BANK which has been on a strong uptrend since AUG 2021. It appears to have completed its pullback and has reversed from strong support base of 1925. If that is held then it can continue its uptrend till 2100 for now in the short term.
Hello and a warm welcome to this analysis on Nifty In lower time frame Nifty appears to be in sub wave 4 which might complete between 18200-18300 and then resume another rally. A confirmation of sub wave 4 done would be it sustaining above 18500 for an hour. Its advisable to use the up coming resistance around the upper trend line to book profits in the coming...
Hello and a warm welcome to this analysis on Bandhan Bank The stock has been trending within a channel which could not break on the upside. Resistance at 300-340 then 400 and a bigger one near 450 with good support at 275 and below that at 250. A good opportunity lies here to do an SIP for medium to long term with a decent Risk Reward ratio
Hello and welcome to this analysis on PFC It has broken out from a Cup & Handle pattern suggesting upside targets of 155/165 with a trail sl of 134
Hello, Welcome to this analysis of KOLTE PATIL a real estate segment stock. In the weekly time frame after a long consolidation it has given an INVERSE HEAD & SHOULDER breakout suggesting upside levels of 375-400-425. It has formed a strong base near 250. Stock can also turn out to be a multi bagger in the long run.
Hello and a warm welcome to this analysis Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime. In this weekly time frame a triangle in wave 4 is coming to an end. Post...
Hello Welcome to this analysis on Bank Nifty and Kotak Bank On the hourly chart Bank Nifty appears to be ending its 5 waves up from Aug 23rd lows (this can stretch to 38000) Kotak Bank in daily time frame is at a Bearish Harmonic AB=CD Pattern along with 1.27x its Fibonacci extension of the IHS breakout. (this can stretch till 1925) Both can cool off a bit from...
Hello and a warm welcome In this analysis I have covered TAJGVK Hotel which is giving an Ichimoku breakout in daily time frame and pattern wise also looks bullish in weekly time frame. It could rally till 160/170/185 and more in the medium to long term. Failure to hold 115 would negate the view.
Hello, A warm welcome on this idea on GRASIM It has formed a Bearish Alt Shark in daily time frame suggesting downside likely till 1550 as long as it does not breach 1630
Hello and welcome to this strategy in ACC a large cap Cement sector stock. It has made a Bearish Harmonic Alt Shark in hourly time frame suggesting downside levels of 2375/2300 as long as it stays below 2495. Harmonic patterns are based on Fibonacci ratios coming into alignment. They indicate reversal of trend for retracements of 38-50-62% and more depending on...
It has activated a Bullish Harmonic Cypher which is suggesting a pullback till 500-520 as long as it does not breach 470
On daily time frame it has made a Bullish Harmonic Alt Bat pattern suggesting a bounce back till 290-320. The pattern gets negated below 260
Gap Theory Breakaway - Start of a trend Runaway - Confirmation and strengthening of a trend Exhaustion - A gap which gets covered it, in that case the pending gaps become support levels
It appears to have completed its correction in daily time frame, in hourly the breakout appears to have also completed its pullback. Weekly is suggested a fresh move for the upside till 150. The view would go wrong if it trades below 112
It has activated a Bearish Harmonic 5-0 pattern which is suggesting a retest of 1440/1400 and a likely bottom near 1350. The view would go wrong if it trades above 1485