rishikeshpandey131003

rishikeshpandey131003

I love how FMCG has been moving for a long time (2015!). Every time it makes a new high, it reverts and tests precisely the last All time high that acts as a strong support every time. Can use this idea to short and go long on FMCG stocks accordingly. Current status for long term is short

rishikeshpandey131003

After the PSUs era ended, now the OMCs are doing exceptionally well. The trend shows a strong up move ahead once it breaks the resistance levels as directed by yellow horizontal lines. Keep a look at OMCs like BPCL, Sail, etc., and prepare accordingly to take advantage of the opportunity.

rishikeshpandey131003

There was a false double-bottom breakout in Nifty IT. Right now, the critical support levels are the bottoms of the pattern, as drawn by a horizontal support line. Till the Index is above this level, there are no signs of worries, but as soon as it breaches it bearishness will engulf the future trend

rishikeshpandey131003

Nifty formed an H&S as warned to stay alert in the previous analysis. Right now it has a support at around 17900 and a quick upmove is expected. For now, stay in cash before any indications of upmove.

rishikeshpandey131003

Although th trend in nifty is upwards, it can typically form an Head and Shoulders as the onset is visible.

rishikeshpandey131003

After a 1.5 yr long accumulation, the share price broke out, and right now, it is near a crucial zone a breakout has happened already but it in a process to test it again, if tested positively then boom else short it.

rishikeshpandey131003

Reliance which amounts to 10.1% weightage in the nifty 50 index is at its critical support! The stock is going through a long distribution phase and has touched its support multiple times to weaken it. Any movement below this would mean a significant downfall in the stock price. Stay alert!

rishikeshpandey131003

Had mentioned earlier about the head and shoulders pattern getting formed in the nasdaq composite chart. We say the fed hike event triggered the downfall but dear the price action already showed it coming.

rishikeshpandey131003

Gold levels breached its support zone today, and if it doesn't recover from here quickly, then it could lead to a potential downward move ahead :(

rishikeshpandey131003

Careful, the Nasdaq composite has formed a typical head and shoulder pattern and any move below the thick green line could escalate further downward movement

rishikeshpandey131003

Apollo tyres breached its yearlong resistance a few weeks ago, this move was retested last week, and the then resistance has now turned into support with the price moving above it in a clear uptrend.

rishikeshpandey131003

NIFTY 50 is at an edge of reversal with three important support zones as shown

rishikeshpandey131003

The stock price is at very crucial resistance, and it is in an uptrend. A breakout of this could lead to a potential rally

rishikeshpandey131003

A very crucial resistance for jyothy labs is on the cards to get breached; if it does, it would be in a good uptrend

rishikeshpandey131003

BOB is around a good breakout and the positive market movement supports it