gmaster29

gmaster29 Updated 

2021 has been insanely a difficult year of US investors invested in Chinese stocks due to the uncertainty revolving around the Tech crackdown, stock delisting, etc.. While the US and India market have been on hyper bull run, Chinese stock holders have lost more than 50-90% of their investment. Example, BABA is more than 60% down, education stocks GOTU & TAL are...

gmaster29 Updated 

UPL had a great run of 260% from COVID lows to recent All Time Highs. Now the stock has taken a breather and consolidating in a bull flag . It looks like its gonna take some more time to consolidate in the channel before giving another breakout. I see the stock is bearish short term and might just test the lower end of the channel and bounce to the upper side of...

gmaster29 Updated 

BANKNIFTY seems to have reversed the trend from Bullish to Bearish and has been making higher lows and lower highs. It seems to consolidating in a downward parallel channel in a very tight range as shown in the chart. It needs to get out of the channel upwards to break the bearish trend. Short term we might see some bounce off to hit the upper end of the channel...

gmaster29 Updated 

CMP: 83.82, Target : 85.41 , 92-94 Crude Oil has been trading within a channel for quite some time. Short term it looks very bullish. if resistance 85.41 is broken, it will hit the upper trend line 92-94, depends on the timeline when it hits. Most likely before end of Feb or earlier. We can expect some pull back once it hits the upper trend line, might be a...

gmaster29 Updated 

Disney had recently gap down and breached the key support levels at $155. The trend and momentum is also negative. If the markets continue remain volatile, I believe DISNEY is head towards $128 to fill the gap by Feb 2022 or earlier. Timing the target is bit challenge as there's always some Santa Claus rally in holidays, but I see $128 is unavoidable.

gmaster29 Updated 

NIFTY to consolidate between 17086 to 17639 short term before picking up a bullish or bearish trend. Need to take out 17369 resistance and hit 18200 to reverse the bearish trend.

gmaster29 Updated 

Infy has been on a strong bullish trend for last couple of years, and has been in parallel uptrend channel. Short term it might pull back a little. Long term investors can start accumulating at pull backs around 1645 or lower channel levels. If it breaks lower channel, strong support at 1520.

gmaster29 Updated 

TCS has been in long term bullish channel for few years now and has been moving within the parallel channel for a while. Right now it's consolidating at the lower end of the channel and might test key support levels at the lower channel trend line and 3385 levels. Long term investors can start accumulating at these levels even if there's a slight risk of pull...

gmaster29 Updated 

NIFTY has given a breakout and soon might test the resistance levels 18210, 18342 in next few weeks. I won't be surprised if it pulls back a little to test the breakout at 17639 levels .

gmaster29

KRE has been consolidating in a channel for more than a year. Recently it gave a breakout from the channel and trying to retrace back to the trend line for breakout confirmation. With Fed planning to raise interest rates 3-4 times in 2022, all banking sector has gained momentum. Breakout moves could be explosive on the upside, targets 81.33 , 86.74 , 94 and beyond.

gmaster29 Updated 

GMRINFRA has been on a run for last 2 years, already up by 300%. It recently tried to break out the trend line, but it needs to be to close above the 43.35 levels for break out confirmation. It's also testing the key weekly and monthly levels in the charts, consolidated for a very long time forming a strong base. Keep an eye on the levels 46.10 levels, break out...

gmaster29 Updated 

CDSL is at a critical resistance level and has been trying to breakout these 3-4 times in last few months. It's in ascending triangle pattern, which is considered bullish. If the daily candle is fully above the resistance level for 2 consecutive days, it will go big, else come back in triangle for further consolidation.

gmaster29 Updated 

Godrej Properties had a major breakout on Sep 21 2021. It's natural for any stock breakouts to retrace back to test the breakout trendline support , here its close to 1855. Next big support is at 200 DMA around 1758, if it breaks below that , we have strong support at 1596. This stock is in long term bull trend, long term investors can add in small positions at...

gmaster29 Updated 

I was short on Bharti Airtel few weeks back and it reached all my lower targets. I see this stock is currently oversold and might see some short term bounces to test levels 696, 706 and may be 720 as well. Year end market float might also support the stock bounce. Its still consolidating sideways on a wider range looking for a direction.

gmaster29 Updated 

India Cements has been on sell side pressure after hitting 52 week at 232. But the stock has been on long term bullish trend consolidating within the channel since 2020 covid lows. Currently the stock is in slight bearish mode, since it recently made higher lows and lower highs. It needs to close green above 202 for consecutive 2-3 days for trend reversal from...

gmaster29 Updated 

RBLBank broke out of the Descending Triangle Wedge Pattern Nov 2nd week. Need to take out the Strong resistance levels at 226.4 and 274.3 for long term bullish trend.

gmaster29 Updated 

BHP formed Head and should pattern and broke the neck line on Aug 18. The stock has exactly fallen down $13.23 (measured distance from head to neck line) , which is right now bouncing off of the support line 52.45. I expect this stock to chop side ways for some more time hitting short term target 58.18, 59.82 and eventually break out to fill gaps at 64.48 and 70.52

gmaster29 Updated 

India Bull Housing Finance has been consolidating for sideways for last 4-5 months. It tried to breakout multiple time above the strong resistance levels but got rejected and closed below the line. It's again flirting with the resistance line, but this time the volume is unusually higher and similar to previous ones when it had major breakout. If the daily candle...