Price formed a double top pattern at major resistance level (on monthly charts). At retest of the support, price has formed a Gravestone Doji followed by Bearish Engulfing (on daily charts) both of which are negative signals. Since past 2 years corrections have been triggered from the month of January, again this cycle may be repeated
CEAT's level to watch is 1300-1310. A cross of 1310 would indicate upmove else the stock may retrace down
ACC may re-enter it's long term channel trend after having filled the big gap formed after the excellent results. A close above 1495 should be positive
This stock is at a very crucial level. Having already formed a major Head & Shoulders pattern, stock may again form an internal H&S if it retraces from here and we may see great falls. However this is just a possibility and if it manages to cross 1175 on closing with volume, stock may give upside move towards 1300. Stay alert and pick the right side!
Forming a Wolf Wave pattern on daily charts, a close above 176 will lead this stock towards 200 and depending on the momentum then, move may even continue from there on. 145 seems to be a decisive low set for a while now. Seems good for short term duration with a SL of 145
With good volume buildup and stock showing multiple signs of reversal, this stock should be bought. We can expect a minimum of 54 in this stock. If momentum continues we can even see 70. This stock has the potential to give good profits in longterm even if 70 is crossed. Give it time and it should give you returns.
This stock is showing positive signs and maybe ripe for trend reversal. It is currently sitting at it's major breakout level and may bounce to at least 271. If 275 is crossed we might have a big break for higher targets.
Index is safe until 24935 is not breached on closing basis. At current level one should long near the lows with tight SL placed around 24875. A close above 25050 would be a safe indication and bulls may come in soon.
NIFTY is in a very tight range. There is a 50-50 possibility that we may see a new bullish trend altogether. It is roaming just above the multi year resistance with short term resistance at 11525. If 11525 is crossed 11725 is the next zone to watch out for. At present the bulls and bears are fighting hard. Within the week itself NIFTY has had a bearish and a...
Scenarios have shown a reversal of trend. Divergence coming in with braking of resistance may have triggered a bullish momentum now. Currently it seems the stock has made a slight correction after having shown a minor bullish rally and this correction should now come to an end with fresh bullish pattern again forming at key Fibonacci level of 0.618 which happens...
ONGC looks good to buy for all time frames. A breakout is soon possible indicating a good bullish run towards 190 in short term, with Crude Oil on support ONGC may soon breakout. For long term a cross of 205 would open up gates for higher targets. There is a possibility of this stock never showing these rates again. This is an excellent long term pick and hence...
Bitcoin is slowly entering it's demand zone. One should start investing in chunks. 5330 is the the final zone to buy and with a SL placed 100-200 dollars below one should expect a breakout on the upside for new all time highs
Bouncing off of strong support, BTC should head to 7600-8050-8270-9150-9750 levels from here. A decisive close above each level mentioned would make the up-move stronger. If BTC breaks above 9750 in the upcoming weeks we may see the rejuvenation to 14500. Until we get a decisive close below 6000 we are safe to buy and stay invested.