RK_Chaarts

RK_Chaarts

NTPC has given breakout with very good intensity of volume and also can do breakout 13 years resistance trendline, which is located near 135 zones, all parameters are pretty good for long buyers. all the key levels are mentioned in chart with Stop-loss and targets. Key Levels Volume intensity is good in Breakout candle Macd in daily positive crossover and...

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ITC has probably become the most hated stock in recent times, but chart is telling different story, it appears that the stock is currently in wave 3, and it has possibly completed a long complex correction in wave II of 3rd, and the stock bounced back from the support zone around 200, and finally it has given a fresh breakout of decending triangle or flag pattern...

RK_Chaarts

The pullback in copper ended up being a three wave rise wherein it retraced slightly more than 61.8% retracement in international copper chart of wave Y. This opens up the possibility of one more leg to the down move in the form of wave Z. Overall look Retracement levels in copper international chart MCX chart retracement Weekly macd bearish Daily macd...

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Tata steel stock is in wave 5th of wave 3rd of the recent impulse till it ends, on daily charts, the most recent rally is ended in wave 3, as per theory, both rsi and macd are showing bearish divergence in daily time frame, and this can also be seen in poor volumes and participations in metal stocks during the most recent rally, this is typical of wave 5 of some...

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Dr reddys lab. The stock has completed running flat pattern in wave 4 at the weekly lower bollinger band, also weekly oscillator stochastic has completed its pullback cycle at oversold zones and now it has done positive crossover. the wave structure is suggesting the start of the larger degree wave 5, as wave 5 unfolds, the price can attempt to go higher towards...

RK_Chaarts

Indian hotels wave structure suggesting that wave (2) of wave 3 has been completed with healthy retracement levels, and now Wave (3) of wave 3 has been started, along with trendline breakout with good intensity of volumes too, with macd positive crossover and also uptick above zero line, one can go long at current levels or in dips (if any) with stop loss of 132,...

RK_Chaarts

Pel, within wave III, wave 1 & 3 were equal, therefore, there is a good chance of wave 5 of wave III getting extended. within wave 5, lower degree wave i and ii looks complete and wave III should now unfold. daily oscillator stochastic has completed its pullback cycle and turned positive in oversold zones, and bands have narrowed. once macd turns positive and...

RK_Chaarts

Axisbank completed a nice symmetrical triangle in wave 4 with all clearly visible subwaves as a,b,c,d,e, and breakout along with good intensity of volume has been done, so now we can presume that wave 5 should have started and can head towards 950 plus in medium term, all other parameters are also supporting this view to go long, all the key levels are mentioned...

RK_Chaarts

Adaniports has taken support from weekly bands, and after forming a triangle on bottom of wave 4, it has given breakout on upside with good intensity of volume, now price is above upper band in daily time frame, along with rsi above 60 and uptick, and dmi adx positive ungali setup, this could be a good decision to go long at these levels or in dips (if any) with...

RK_Chaarts

Bhel could be a good candidate for short term investment pick, the stock fell to 78.6% retracement of the last rise and then developed positive divergence in rsi along with trendline breakout with good intensity of volume, and most probably now it's going up to make higher highs and higher lows, bkp is also formed in daily time frame, once it crosses mid bollinger...

RK_Chaarts

Power grid corp has given double breakout with good intensity of volume, one can go long at these levels or in dips all the key levels are mentioned in chart with stop-loss and targets key levels are mentioned in chart double breakout with good intensity of volume macd in daily positive crossover and Uptick and also above zero line Rsi in hourly above...

RK_Chaarts

Reliance has given a fresh breakout with good intensity of volume, one can go long at these levels or in dips with stoploss of 2010, for targets of 2158 to 2620, mentioned on chart. Key Levels are Mentioned on chart Breakout with Good intensity of Volume Macd in daily positive crossover and Uptick and also above zero line Price touched upper bollinger...

RK_Chaarts

Silver is in descending parallel channel along with triangle breakdown, signs are not good for bulls, there is a support zone at 23.781 to 24.02 range, which can provide a support like buying box, and can pull back towards 25.290 or more, this view's invalidation is break below 23.781, if price action breaks down this level then fresh selling pressure can be seen,...

RK_Chaarts

Hdfcbank looking good to go long, stock's wave structure suggests that the stock is in wave 5, and within wave 5, wave (2) appears to be completed, and now Wave (3) of 5 should play out, the daily macd indicator turned bullish and done positive crossover and rsi above 50 with uptick, one can go long at these levels or in dips with mentioned key levels in chart....

RK_Chaarts

Bajaj finance has given double breakout, one on daily basis and other on hourly basis, both breakouts are having good intensity of volume, as per wave structure it looks like 3rd of 3rd. all the indicators parameters are also aligned with positive situation, one can go long at these levels or in dips with key levels mentioned on chart Key Levels are Mentioned on...

RK_Chaarts

Tata motors has given breakout with good intensity of Volume in hourly time frame, One can go long at these levels or in dips with stoploss of 293 for targets mentioned in chart. All the key levels are mentioned in chart with Stop-loss and Targets. Breakout with Good intensity of Volume Key Levels are Mentioned on chart Macd in daily positive crossover and...

RK_Chaarts

Silver has a good probability of beginning of intermediate impulse wave, macd in daily is showing positive crossover and Uptick, aligned with macd in hourly positive crossover and Uptick and also above zero, rsi in hourly is also positive and also above 60, in hourly time frame silver has given a fresh Breakout with good intensity of volume, one can go long at...

RK_Chaarts

After completing the 5 waves rise, canara bank has been in Corrective phase since february 2021, the entire Corrective phase looks like a part of complex correction, recently the daily Macd indicator has turned Bullish, and the stock has formed a positive weekly close, after taking support at the 50 weekly ema, the chart setup is suggesting that the Corrective...