Sensex
SENSEX INDEX PRICED IN TERMS OF GOLDThe chart of Sensex index in terms of gold.
It don't give a long history, only 11 years.
I ran this chart to answer a specific question;
Will a nuclear war happen?
At least, will India participate in such thing?
A country with booming market reflect a very positive social mood will not engage in a war.
I don't have long enough historic data to get the big picture (at least 20 years of data.)
As the chart show:
1) We have a double bottom and a support line, and
2) A triangle on the right side of the chart.
These tow things suggest that Sensex index and the Indian market as a hall will boom (in terms of gold) in the coming years, hence India will not go to war.
Exide Industries - Bullish cup breakout patternExide Industries
CMP 261
Target 310 plus
Stop 240
Weekly chart
1) Cup pattern breakout with good volumes.
2) RS upward sloping and above MAs.
Optimeus - Bullish cup formation observed.Optimeus
CMP 293.
Weekly chart.
Cup formation observed post a long pole.
Buy above 305 to ensure a convincing breakout.
Stop 220.
Target 390 plus.
VALID ONLY ABOVE 305.
SIS - Bullish rectangular breakoutSIS.
CMP 1323
Stop 1175
Target 1500 plus (length of the consolidation zone).
Daily chart
Stock has broken out of the rectangular consolidation with above average volumes.
Mannapuram - Good one to go longMannapuram
CMP 126.
Stop 110
Target 155 plus
Daily chart
Stock has broken out of a cup pattern with good volumes.
RBL BANK - BULLISH BREAKOUTRBL Bank.
cmp 538
Target 600 plus (min.)
Stop 500
Weekly chart
1) Stock breaks above the downward sloping consolidation zone with good volumes.
2) Cup pattern formation adds strength to the upside.
3) RS breaks above MA.
INDIA GLYCOL - BULLISH PATTERN CMP 612
Target 700 plus
Stop 550
Weekly chart
Rectangular breakout / W pattern with huge volumes accompanied by all time high RS.
CMICABLES - BULLISH STRUCTURECMI CABLES
CMP 327
TARGET 425 PLUS
STOP 275
The Stock has broken out with good volumes.
Cup pattern breakout observed with volumes.
SORILHOLD - W PATTERN BULLISH BREAKOUTSORILHOLD
CMP 294
Target 370 plus
Stop 245
Weekly Chart
Stock has formed a W pattern breakout.
BIRLA CABLE - BULLISH BREAKOUTBIRLACABLE
CMP 93.35
TARGET 114 PLUS
STOP 80
WEEKLY CHART
Perfect Rounding Bottom Pattern breakout.
SENSEX BIGG SUPPORT 32612 TREND LINE BREAK SELL ON RISE
SENSEX BIGG SUPPORT 32612
Target profits marked on chart.
BANK NIFTY - BEARISH SETUP OBSERVEDBANK NIFTY
CMP 24902
Target 23945
Stop 25200
1) Upward sloping trend line support broken.
2) 30 week ema breached.
3) H & S sort of pattern with neckline breach observed.
4) RS breaches support zone.
NIFTY - AT A CRUCIAL SPOT.Nifty 10459
Weekly Chart analysis
1) Long term resistance turned support zone at 10300 - 10350 levels.
2) 30 week ema at 10285-10300 levels.
3) A potential H & S pattern INCOMPLETE set up observed. Left Shoulder and Head complete; however Right Shoulder may or may not happen. If index breaks 10285-10300 levels right shoulder would be completed. This means that Index would be below long term resistance turned support, 30 week ema and neckline of H&S. The next support would be at 9680-9700.
4) Number of stocks below 30 ema is at 31 out of 50, meaning 62% of nifty stocks trading below 30 ema.
5) NHNL indicator also has broken the trendline support (not shown here).
Conclusion : If nifty breaks below 10285, it is time to go short nifty / nifty related stocks with 30 week trailing ema as stops and exits.
CHOLAMANDALAM INV & FINANCE - BULLISH CHANNEL BREAKOUTCMP 1452
Target 1800 plus
Stop 1200
1) Stock has witnessed an upward channel breakout with huge volumes.
2) Relative strength upward sloping indicating stock experiencing specific buying vis-a-vis market.
3) Stock has the potential to reach 1800 plus which is the long term resistance zone.
BHARAT BIJLEE - GOOD ONE TO GO LONGCMP - 1722.
Target - 2420 plus
Stop - 1400
1) Stock has cleared the long term upward sloping resistance line.
2) Stock has also cleared the multiperiod long term horizontal resistance line.
3) Huge volume based buying seen in the last weeks that has propelled the stock beyond resistance line.
4) Relative Strength upward sloping.
5) Stock has the potential to go past 2400 in coming weeks time.
VAKRANGEE LC OPENS! BULLISH CANDLE :)NSE:VAKRANGEE LC opens time! Only Buyers :)
Disclaimer: Consult your financial advisor before investing.
LEEL SUPPORT LINESNSE:LEEL LEEL support lines.
Disclaimer: Consult your financial advisor before investing.
Dwarikesh Sugar Upside :)NSE:DWARKESH Another bullish candle will confirm the bullish trend.
Disclaimer: Consult your financial advisor before investing.
Nifty back to the ending diagonal, way to 10,400-10,500 After a month of intense run breaking all the fib went to the reversal zone falling after testing 1.61% extension of 2016-2017 move, per my count it looks like the Wave 4 correction it is perfectly normal to fall about the range of 10,300-10500 but selling below 10,200 might consider changing the count. I still believe ther's one more move towards the dead zone before we get a real correction. Wait for C wave to unfold with some Puts
DHAMPUR SUGAR UPSIDE :) NSE:DHAMPURSUG RSI reversal possible, the price is about to touch the support. A bullish candle will confirm the uptrend.
Disclaimer: Consult your financial advisor before investing.
AUTOMOTIVE AXLES BULLISHNSE:AUTOAXLES Automotive axles is the stock to watch out for, will hit a new high soon. Overbought many a times.
Disclaimer: For education purpose only, consult your investment advisor before investing.
