praveshk2

praveshk2

Hdfc bank constantly facing resistance from blue trendline around 1700 level, however it feels like its time for it to break its resistance and start its new journey currently at 0.5%retracement (1609) and 0.618%retracement at 1566...so this should be a range for turn around (1566-1609)..

praveshk2

Find the link from x.com where i posted my analysis on BankNifty- A long term trendline working as resistance connecting top of 2008/2010/2015/2018/2019/2020/2021/2022..if it breaks and sustain then indicating super bull run, however current bias is short max upside 53500..as per trendline.

praveshk2

City union bank weekly chart looks like consolidating in a range frm a long time and now approaching descending trendline connecting top of jan 2020 and dec2022..now created vcp pattern ..for which Breakout level is apprx 165 on closing basis which is also a breakout level of descending trendline..1st target at channel top around 200 and if breaks the channel then...

praveshk2

City union bank weekly chart looks like consolidating in a range frm a long time and now approaching descending trendline connecting top of jan 2020 and dec2022..now created vcp pattern ..for which Breakout level is apprx 165 on closing basis which is also a breakout level of descending trendline..1st target at channel top around 200 and if breaks the channel then...

praveshk2

Indian bank has formed an expanding channel..currently approaching the upper border.. if breaks out and hold then super bullish else can mark ultimate stoploss at 400-390 on closing basis.

praveshk2

Rico auto monthly chart self explanatory..2005-06/2017 k top ka Breakout in 2024..retested and up..can ride the journey with small stoploss of 114/100.. on closing basis.

praveshk2

Uco bank mnthly chart target coming arnd 175..which is a confluence of cup target+ trendline resistance where it took support in 2006/2007/2008/2009..and broke down in 2015..made cup pattern between 2016-2023.n given Breakout in 2024 of cup pattern +ascending trendline connecting top of 2010/2014.. Previously given entry on monthly chart at 19.50/31.43and now...

praveshk2

It seems Bull run is over for many stocks PFC is newly added into my Radar. it may not go down instantly as has shown strength over a period , however seems has created high for now and now view is sideways to bearish.. as indicated on chart it appears - forming right shoulder follow up of today's candle (breakdown of today's candle) would be an additional hint....

praveshk2

USDJPY created ascending triangle on weekly, however looks consolidating at current level for almost 3 weeks if breaks and closes above 150.778 on daily can trigger further long till 151.944...and if closes below 149.891 on daily can trigger short..However a big opportunity can trigger if breaks 151.944 on weekly or gives selling signal around it.

praveshk2

Ultratech possible move soon..price contraction..view invalid if 1 hr candle closes below 9470..pole target around 12070

praveshk2

Currently on 1 hrs chart seems nifty broke out of ascending trendine connecting 16Jan/2Feb/7Feb..can give one more down move till aprrox 21800 before proceeding upside..VCP pattern breakout at 22124 can open target for 22500 / 22900.

praveshk2

As seen on 1 hrs chart trendline connecting bottom of 10Jan candle and top of 17Jan/2Feb/16Feb ..if BN closes above 46580 on 1hr chart could open target of 48330 / 48900...above 47200 could see quick rally of approx 800 point Till 48000, currently creating nice VCP pattern.

praveshk2

On purely technical analysis it looks like 2x to 3x on the cards fr SRF, tested 2098 level multiple times and creating penant pattern on chart, pole length started from approx 1030 level, so target for breakout of penant pattern is coming around 5600. On daily chart has already broken important level of 2362, for which immediate target is coming at 2477.

praveshk2

Another chemical stock from cash segment, which gave massive return after ipo launch abt 335% ..from low 143.15 to 623.70...breakout of ascending trendline can give target of 450 and 720 ...

praveshk2

A long consolidation, breakout level at 2510 on monthly closing , also look like forming small rounding base pattern which has range : high-3020; low-1728. Already creating HL, and going to do another HH, which could also be a Breakout of 2510 level.

praveshk2

Another chemical stock ..quite bullish..up frm 0.786%retracement..1st breakout of ascending trendline already done at 545, and another breakout of horizontal trendline around 600, for which target coming up around 786, which was support area earlier.

praveshk2

Nice VCP pattern, about to breakout on weekly closing above 2750.

praveshk2

Broken out of ascending triangle which indicates target of 4000 and 4500 ..risk reward is 1:4.