Himanshu_Khiara

Himanshu_Khiara Updated 

Weekly Analysis : White Sugar - Read in Sequence Point 1, 2 & 3. Long term bullish trend is still intact as market is making new highs and new lows on weekly chart. However, the current rally above 670 resistance zone in late August 2023 seems to be losing steam as there is severe distribution happening at 750 level and price will retest the crucial horizontal...

Himanshu_Khiara

Looking at standalone chart of Gold , seems like a repeat top pattern of Aug 2011 to Aug 2012 reappearing on the charts.

Himanshu_Khiara

Technical reasoning for a Bullish setup : > Quarterly charts represent a 6 year base building in this cigarette company from 2016 to 2021 where the stock has done nothing > Apr 2020 to June 2021 - 5 quarterly candles just showed sideways action in the counter and finally a breakout to retest the all time high resistance happened in July to September quarter >...

Himanshu_Khiara

Dhampur Sugar seems to be getting ready to test level of 230 where its all time resistance zone exists. Risk reward is favourable for a long setup with a stop below 150.

Himanshu_Khiara

Copper daily chart seems to be losing steam as momentum failed to touch the overbought level as the price made new highs. The risk to reward favours a short setup. Red line - Stop level Green Line - Target level

Himanshu_Khiara

Bharti Airtel weekly chart history does give a clue of what has happened when rise in price was not supported with rise in momentum. Details in the chart.

Himanshu_Khiara

If i read this right, seems like this counter is heading for a 50 % correction if it fails to get back above 950 . Major distribution taking place. Target price is 400.

Himanshu_Khiara

Refer chart for remarks

Himanshu_Khiara

Check chart for details.

Himanshu_Khiara Updated 

Seems like an bearish cup n handle formation in the making for SpiceJet. 2018 has not been that great for the Airlines sector in India mainly due to Rise in Crude prices. Spicejet seems like it will make a new low for 2018 in short term testing the support zone of 75 - 80.

Himanshu_Khiara Updated 

It seems like Gillette India - ("The best a man can get") is gearing up for a potential big move. I am placing my bet on an upward breakout respecting the exiting long-term uptrend. Entry above 6900 , Stop below 6300 (closing) for target of 9200 (Time frame 3 months) RR 3.83

Himanshu_Khiara Updated 

Entered Reliance energy @ 1125.90 .... It broke out upwards after 36 weeks of consolidation and if it stays above 860 then we are headed towards 1400 - 1700 levels

Himanshu_Khiara Updated 

Tata Motors looks really weak on the weekly charts. The latest weekly bearish engulfing candle shows that the bears are in strong control after wiping off gains of the prior 2 weeks. Weekly Lower Highs & lower lows along with break of crucial support level of 420 in August 2017 signal strong downtrend to continue. Stock seems to be headed to retest its support...

Himanshu_Khiara Updated 

Infosys seems to be struggling to hold on to support level of 915-905 on weekly charts. The chart structure looks really weak and a break below 900 would drag it to levels of 840 levels which should potentially act as the next support level (July - Aug 2014 level). Trading strategy : Short @ current level of 916 Keep stop @ 954 Target price : 840 Reward to risk...

Himanshu_Khiara Updated 

Potential Double bottom pattern (Adam & Adam formation) awaiting upward breakout observed in Concor India Ltd weekly chart. Resistance zone is at 1200-1250 levels. A close above 1250 with higher volumes would indicate confirmation of the Double Bottom pattern formation which is a bullish sign for the stock. Swing Trading Strategy : Buy : Above 1250 level (on...

Himanshu_Khiara Updated 

Buy XAUUSD @ current levels of 1290 for Target price of 1400. Keep a tight stop below 1245.

Himanshu_Khiara Updated 

Page Industries just broke above the Cup n handle resistance zone (neckline) of 17000 - 17300 area this month after consolidating in sideways pattern since June 2015. The recent breakout in July confirms Bullish continuation for long term. Investors can go long in this counter as per below strategy. Trading Strategy : Buy @ current levels 17700-17955 1st Target...

Himanshu_Khiara Updated 

Bharti Airtel testing the rectangle resistance line @ 380 where a lot of supply is currently visible in the rectangle bottom pattern formation A cup n handle formation within the horizontal rectangle Bottom pattern is visible. A Close above this resistance line would signify an upward breakout. High volumes expected. Trading strategy : Buy above 382 Target...