subravi

subravi Apr 19

Gold 95239 is moving in raising cutter formation from June 2020. last divergence correction not complete. so we expect price to correct by testing 87900 levels.

subravi Apr 19

AXIS Bank 1190 - has given breakout but as signals are diverging we are negative with the breakout. Fib measured resistance 1214 need to be crossed for bullish confirmation. if fails it will drop back to 1000.

subravi Apr 19

BNF 54290 - is in oversold region. it has breakout from 'w' pattern and has achieved its technical target. Support is at 53920. It it breaks will drop down to neckline

subravi Apr 18

Nifty 23851 - has Fibonacci measured resistance at 24134 and support at 23414. Signals are STRONGLY bullish. Call writers shed 4 M calls from Nifty @ 23415 while PUT writers roared and took Nifty high adding 13 M PUTS. FII's took the opportunity to shed 1,073 contracts and 75000 calls and 66000 PUTS. Based on above facts we expect Nifty to move up higher to test...

subravi Apr 18

ITC 427 is at make or break situation. In chart it has given a Raising flag with HS pattern. Good resistance at 441 suggests ITC may test the resistance before falling down to 393, 359

subravi Apr 17

SBIN 797 .. Has given a nice breakout from inverted HS pattern. We had suggested SBIN when it was as 754 on 11th April.

subravi Apr 17

BankofBaroda 241 is laughing. Target 278 with Support 233

subravi Apr 17

After a long struggle, Short covering helped Nifty to rose to 23438. Call writers were aggressive till 11:00 am writing around 44M calls and finally they gave up at 13:55 and started covering their positions and helped Nifty to rose to 23438 PUT writers started booking profits form 10:15 and harvested their gain for 26M PUTS. Meanwhile FII's booked their...

subravi Apr 16

Nifty 22328 is at crucial resistance. Support is at 22980 and resistance at 22520-555 Call writers were aggressive in last session. Will they be get punished or victorious Let wait and see

subravi Apr 15

Wipro244 has given a water flow pattern. We expect it will fall down to 214 and technically to 200-190

subravi Apr 15

Gift Nifty 23293 - Will the laugh continue ? Has Hidden divergence in indicator and V bottom pattern with Pullback test in progress. the neckline 23240 has got broken and let see if the laugh could continue

subravi Apr 14

Gold 92870 - Has given a inside bar pattern ( bearish ) and signals are diverged suggests drop to 87300 goodreturns.in wrote : Market Outlook for Gold Prices in India According to a recent report by FXStreet, "Gold prices may witness a short-term pause as bulls take a breather following an extended rally. The report notes that while the fundamental outlook...

subravi Apr 14

Nifty 22828 - Is trading in rounding bottom pattern in daily chart. Immediate support at 22430 and Support 2 at 22030. Resistance at 23440 and 23856

subravi Apr 13

TVSMotor ( 2513 ) Is at resistance. If it could hold, it could move to 25627. A fall below 2475 will confirm bearishness and would drop to 2244.

subravi Apr 12

Nifty energy 32411 - a FORMATION of HS pattern could be seen in the chart. Resistance at 32970.

subravi Apr 12

Icici bank 1311 has a W patteren and is trying to hold the confirmation line. If it could hold the confirmation line could move higher. If not , It would test target 1215 News : ** HSBC identifies five Indian stocks — Reliance Industries RELIANCE1!, ICICI Bank ICICIBANK , TVS Motor TVSMOTOR, Shriram Finance SHRIRAMFIN, and Adani Ports ADANIPORTS — as its top...

subravi Apr 12

DLF 623 is a good to buy for Target 710. Technically it is at Phase D of accumulation and the recent news adds value to the study Positive sentiment from the Trumph's tariff pause and 25 bps cut in RBI's interest rates are likely to influence the realty stocks. DLF Godrej Properties Sobha Realty

subravi Apr 12

Gold 93887 has given V patten inside raising flag pattern. Based on chart formation we find the move could be a possible trap with 90587. We expect Gold to drop to test 90587 initially before the flag pattern break down and drop down to our earlier target . News : supply of gold has increased, demand has decreased. Central banks worldwide are expected to slow...