Good day, Hello Traders, Coal India is ready for a big downside as already completed the Head & Shoulders pattern now just waiting for the breakdown of the Neckline. Downside is evident. Good candidate for Short side. Time Frame: Weekly It also depends how market behaves. Chart Self Explanatory. Disclaimer: I am not SEBI registered analyst; this is for...
Good Day, Hello Traders, DJI looks bullish for very short term, if it corsses 31030 and sustains above it for a week , then we can see a reversal. However broadly picture looks gloomy as the world fears recession as this is been sold all across the media. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your...
Good Day, Hello Traders, Since Sept 2021 till April 2022 Blue Star stayed in an Upward Parallel Channel. After that the price wne t from 1211 to 856 (-28.64%). See how beautifully it is following Fibonacci Levels as the rounding bottom is completed Now the next targets lined up are 1381/ 1641. Time Frame: Weekly It also depends how market behaves, however...
Good Day , Hello Traders, Vinati Organics keeps on falling since the last 6 weeks.Weekly Low's had been made exactly at 1771. It happened two times in the month of May and June 2022. Value buying comes around 1771 or if it breaks that as well and goes till 1673 then accumulate for the future as its a good candidate for the future. With 2 to 3 years horizon...
Good Day , Hello Traders, Results are great for Spandana Sphoorty.Looks like a doubler from here as it is showing momentum upside since bottom made on 20 June 2022. As per Fibo ratios first target which it will aim for is 655 to 660 Then,it requires consolidation and volume to aim for the next target 885. A big rounding bottom on the chart is already formed...
Good Day , Hello Traders, Chalet Hotels formed a Shooting Start on Weekly Basis and it able to cross a major resistance. As of now, it may come down and test the levels for 355 and 333. Chart Self explanatory Time Frame : Weekly Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with...
Good Day , Hello Traders, Raymond coming out of big consolidation as big rounding bottom is formed. Chart Self explanatory Time Frame : Daily Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the...
Good Day, Hello Traders, It is working under a channel as of now. Once it crosses 1470 and sustains , it looks good for the future.One can stay long keeping 1367 as Strict Stop Loss as this range of 1333-1367 been always been a massive support for HDFC bank. If Banknifty had to cross 41840 all time high then HDFC bank had to move sharply towards 1600 levels in...
Good Day, Hello Traders, Zomato looks good from here on but it all will depend on the trend of the market as the festive season is coming up (Diwali), Sales will be up and this will reflect in the Price. Also it is coming out of as a breakout of a Big Trendline and sustaining above it succesfully. Made a big Rounding bottom It made a low at 38.10 (August)and...
Good Day, Hello Traders, DJI looks bullish for very short term, if it corsses 31030 and sustains above it for a week , then we can see a reversal. However broadly picture looks gloomy as the world fears recession as this is been sold all across the media. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your...