TA Wise : Price has recently stopped out everyone with a Stop loss below June 2022, indicates, anyone who bought it since Jan 1st 2022, should be in loss with max pain in the position, The kind of hold Price has shown in April is remarkable, On Daily TF, its also making a HH with today`s closing as per Dow theory, All Price has to do is flip 850 level with the...
I am not very good with Fundamentals, but I know how to read these Candles, If all this Hindenburg mess was a halt and Adani Cos holds its ground, I think in just couple of years we might see it trading near or above its previous ATH. For Suggestion my DM is always open
#WIPRO : #SIP Long Term : So from Technical Analysis Point of View, This is a very interesting Point for WIPRO which might generate a very high Reward with respect to the Low risk. WIPRO Price has tested All Time high Price from Year 2000, which was broken by WIPRO after 20 Years, So 390.00 is a Price level flipped by WIPRO after 20 Years. Its been 7 Months now...
#TATASTEEL : The way retailers like it, I have my own reasons to believe its going up but there is something how one should defo trade a Bull Flag. I think TATASTEEL if holds this breakout above 115.00 in upcoming days, Its more likely to start a new whole rally towards 200. And in 2023 it might become a fortune for many. With a dividend yield of 4.57% annually I...
#NIFTY50 : HTF View : Seems like the move above 2021 high was a fake out for NIFTY50, and this seems like breaking back lower with momentum, 17500 - 17600 is next local support where we might see next bounce, breaking that below might lead NIFTY50 to 16450 - 16250 zone, This all states that next 2-4 weeks might go quite bearish for market. Hence I would be looking...
$21500 is where Bitcoin should change its Trend to upside, it's been more than a year running downward, the fuel for this reversal seems around 20% lower from here in zone of $13000 - $12000. But this reversal might only look for a Lower High, I expect due to any news or event, we might see it in 4 digits. I am keeping my bearish bias for now as per TA. All my...
Let me make it simple, Bitcoin has never had a Break in Market Structure bearish side and hence its always been in a bull market since inception on Monthly Chart. If in May-June Price closes below 2021 low straight twice, It might turn out a very big event, no-one is talking about it but posting $20k - 15k as support. but that is not how it may work. This is a big...
Auto Sector in India is going to boom in next 2 years imo, Expecting minimum 50-70% return in next 2 years from Auto stocks. why cant we repeat it again ;)
I think its going above 300 in upcoming month and below 200 its an opportunity to add it for mid long term or a SIP. I am willing to add slowly now. Once it breaks above 250 it will run like anything imo however its weekly chart and may take couple of years for targets but this is what I have on it.
#DMART seems like a good time buy for next quarter, I am expecting a rise up to 4500 in short term and by third quarter 5000 may not surprise me
Britannia just dropped below the accumulation of more than a year after covid crash. The last move up in end of Q3 seems like a manipulation and to trap buyer who were waiting for a rally in FMCG companies through out 2021. Usually the distribution is a move with high momentum hence I expect it to remain heavily bearish unless it reach the target. for now I have...
#AXISBANK : The level of 650 has been quite significant for Axis Bank and working as an important level since 2015, that makes it a multi year key price (6+ years). After Covid crash price returned in the same range of 2019. Important to see that price traded this range in complete 2019 and now again whole 2021 it traded the same range, telling a Fair value for...
#WABAG (VA TECH WABAG LTD) : It looks really good to go 400+ by March imo, I have added a position already and willing to add more if dips below 325. I expect 350+ in January and more targets later or sooner. Invalidation for me is below 290. Adding for quarterly position.
It has made a V recovery on monthly chart, Being on a monthly chart I expect it may take 2-4 years to reach the milestone but the strength and momentum it has gained over last year, I think it has potential to achieve 180-200 in 2022 only and may go higher over the period of time.
Reliance has consolidated near and below 2020 High for 2 months now, The last correction from ATH is more than 50% with respect to July 2021 low. The correction is forming a shape of Bull Flag as well on Weekly Chart, For me it seems its a good time for this giant to wake up and go for price discovery again.
Mid term bullish, and I expect a continuation in it