A look at the Chart with the Institutional Money Flow against NIFTY clearly shows a BULLISH DIVERGENCE(Shown in Blue Lines), thus giving more room to the upside. At the same time the Chart showing the TICK(Advancing-Declining Issues) against Nifty clearly shows Market Weakness after this 500+ Point correction on upside. The market is facing an… Read More »
Hi All, Nifty Weekly charts is showing a cup and handel formation which has a very strong impliceation. Now for this formation in coming weeks nifty needs to correct to 3900-4000 levels. Nifty weekly levels to be watched Weekly Pivot 4228 Nifty will gane momentum once it crosses 4335 and can see 4470 4500 4550… Read More »
Weekly Charts of sesa goa shows a broadening channel which above 225 can see a good burst in price OI has increased significantly in Futures Stock was at 52 Week high last friday. An important levels to be watched is 225-226 Levels (Double top) If that’s is crossed than there is no stopping for this… Read More »
These are 2 charts presented for nifty an intresting observation what i found 1. We have formed Doji today which gives a Trend Reversal signal2. Volumes are were pretty good today as compared to other days3. We have stopped our self at pullback to neckline typical text book language if we go.4. Now the best… Read More »
Nifty today touched the trend line ogf HnS closed above it 50 MA 13 EMA so looks like bulls are back on the street. Were confirmation will still require more evidence as i am still not convinced with this run. the upper band of channel is around 4320 as seen in charts and lower band… Read More »
Having reaches tgt of 95 in just 2 days was pretty fast so lets analsye the chart again For charts Click Suzlon is again at the top end of channel and looking overbought on EOD charts. if suppose 95 breaks than it open possibility of 100 and 105 Sl for all longs is 89 now
ITC is an ideal stock to test traders patiece. Stock has formed multiple tops around 215. Vols are coming down Looks like require lot of strength to cross 215 Once 215 is crossed buy for a tgt of 218 220 sl 212 Better option is to buy 210 CE once 215 is crossed.
Suzlon is correcting from past few days and has today formed a Doji and had taken the support of Channel bottom line. Gap formed on 20 may is also filled today. So looks like a bout of short covering can come in stock and push it to 85 odd levels.if that is crossed accept 90… Read More »
NIfty as told yesterday bounced from 3933 thereabout levels. Now after a minor pullback from the low levels of 3920 what can we accept next?? Levels to watch out tomorrow 4012 4050 and 4075 A close above 4075 will give a tgt od 4140 in short term but overall trend is down and we will… Read More »
Hi All As told in previous Weekly analysis That and Head and should is making and we broke the Trend line @4150 So Now we have closed a weekly down of 10% on nifty. Well as per me the downtrend will gonna continue with minor bounces till 4040 4075 4150. An important observation 4693-4146=547 POints… Read More »