Tata Consumer Products - Monthly Vs Weekly Comparison 1. On Monthly - the price formed Double Top pattern at 1,235 level on Sep 2024 and started falling 1.5 months ago. The Neckline is 1,017 level and when it breaks below - it will go down to 865, 698 levels 2. On Weekly - the price once again formed Double Top pattern at 1,222 level on 16th Sep and started...
BSE Ltd has been in limelight offlate with the rumors of listing of its cousin NSE :) But let's do a deep dive analysis to see if it is safe to Hold / Buy BSE 1. On Quarterly Chart - the Price had a 4 year Rounding Bottom BO above 480 levels, followed by a Retest of BO zone with a Fib 0.618 Golden Ratio retracement In the Long Term view - the price has...
Ward Wizard Mobility - as the name implies there are too many "W"s in it. But not just on the name - even on the Chart Pattern, this unique masterpiece is forming "W"s - Double Bottom Structures repeatedly Look at the Beautiful Weekly Chart.... The Price has formed a Perfect textbook Inverted Head and Shoulders pattern where the Left Shoulder and Right Shoulder...
Since US Federal Reserve cut 50 bps points on their interest rates last week - there is so much Hungama on the Media Channels about an impending BLAST on the Nifty PSU Banking Sector Everyday there is news that the Sector would Rally and as "Anticipated" by so many the PSU Bank index Blasted 3% yesterday and was the Top Gainer among the Nifty peers But has the...
Here is the HDFC Chart published on July 22nd (inside my article) - "Nifty Analysis - The No-Nonsense "0" Indicator Strategy" Now - compare HDFC's price action on Sep 24th - Precisely following the defined Path in Blue and rising like a Phoenix from the bottom of 1600 levels and breaking the ATH created on Jul 2023 Now by next week - End of September, HDFC...
Vodafone Idea is a Great Example and a Very Easy pick for Pathetic Media Channels to nitpick for Triggering Undue Panic among Retailers Look at how the Media houses unfolded their evil plans News # 1 - Thursday 19th Sep - Vodafone's Target price slashed criminally to Rs. 2 (from Rs. 13) This caused the Price to crash -19.53% on Thursday and we immediately said...
On the Quarterly chart - the RSI indicator on Nifty is showing a value of 83% or more indicating it's in Over Bought Zone Back in Jan 2008, the RSI went to a high of 87% and Nifty subsequently crashed -52% from the Highs. After 16 years, the RSI on Nifty is climbing up beyond the 83% mark which indicates "Danger of a Correction" according to many Expert...
Rama Steel Tubes - The price reached the high of 15.37 on Jan 2023 - Approx 609 days ago. Since then it fell -33% from its ATH and has been painfully going sideways between 10 and 16 forming an upward Parallel Channel - testing the patience of every investor. During mid of 2023, FIIs significantly increased stake in this counter, yet it didn't budge Today...
On Aug 29, there was a Post market News being circulated across all Social Media Channels that the Govt has removed the Cap on sugar Diversion for Ethanol Production. As an instinctive reaction, everyone suggested to start loading Sugar Stocks and it would rally immediately www.moneycontrol.com But in Reality - only on Friday there was a mad rush on market...
Nifty - Quarterly Chart To all those "Useless" Media Channels & TV Analysts who are trying to Panic retailers scaring them about a Major Correction / Crash in Nifty - everytime Nifty hits a new ATH - Here are detailed evidences to Debunk your "Bed-time" Stories Don't waste our time giving the same reasons of Over-Heated RSI, Over-Valued Stocks and all the more...
TPL Plastech - after breaking out of a Beautiful Cup and Handle Pattern above 78 levels, the price started travelling within a Parallel Channel forming repeated Cup structures (Rounding Bottom) Today, the price momentarily broke down below the previous Rounding Bottom BO zone around 106, but took support from the bottom of the Parallel Channel and bounced nicely...
Nikkei - From July 8 to Aug 5 - Fell 28.5% - approx 1 month From last Monday it went 20.7% - 4 times faster than it fell And the entire world was so negative the previous weekend as if this is going to be the end of the world Where are the TV Analysts who predicted a Global Catastrophe now ? Where are the Controversial Kings who predicted US Recession ? Pin...
2nd Week of August felt like we are in midst of Peak Autumn Season - Wherever we turn - Every Tree is turned Fully Red. The Entire World market was brought down to its Knees, given the "EXCUSE" of Japan's Yen Carry Trade assets.bwbx.io Yen carry trade is estimated to be around $20 trillion, according to Deutsche Bank, which is 505% of Japan’s GDP. Other...
After Russia started the invasion of Ukraine on 22-Feb-2022, Nasdaq increased 17% and then fell 31% (until 10th Oct 2022) Precisely during the same date range, Gold rose 9.75% and then fell 21.94% - in Sync with Market Similarly, once Israel Hamas war started on 7th Oct 2023, Nasdaq had a mourning for 2 days (fell down) and then had no stop rise of 47% During...
I am part of Several Social Media forums (on X, Telegram, Whatsapp etc...). In every channel, we forward FII/DII Activity so diligently Every day. But have we ever seen the Big Picture ??? Look at this link trendlyne.com For the Past 10 years, FIIs were net buyers only 3 times and the magnitude of such Buys is miniscule compared to the Magnitude of what...
Clean Science and Technology is an India-based fine and specialty chemical manufacturing company. The Company is engaged in the business of manufacturing organic and inorganic chemicals. It operates through the Specialty Chemicals segment. This is an Investment / Portfolio Grade stock for long term After IPO, the price blasted 90% high in short time from 1400...
Ward Wizard Mobility which is a leader in the Electric 2 Wheeler Segment is all set to make headlines now. Here is a quick comparison of Weekly and Monthly charts - each showing different representation to give you clarity on how multiple patterns get embedded one within another Weekly Chart: (On Top) Price is in the process of completing a 2 Year Cup and...
A Beginner's Guide - How to do Revenge Trading :) - Inspired by True Story !!! Few years back, when I was naive in Technical Analysis, I took an Intraday position in India Cements basis someone's Call in Social Media. It ended up hitting a SL resulting in a Loss of Rs. 111 :) Back then I used to lose money on everything F&O, Intraday, Equity - because "I was...