KumarMitesh

KumarMitesh

Gold has finally broken the Head and Shoulder pattern and is looking at target of 1875

KumarMitesh Updated 

Silver has formed an accumulation pattern on the 30 min chart and it shows up on the larger 1 hour timeframe too.

KumarMitesh

Bosch limited breaking out of a flag formation. Target 15370 - SL 13026

KumarMitesh

Bajaj Auto is at the bottom of a rising channel. Upside from here to the top of the channel

KumarMitesh

Century Textile is at the top of an ascending triangle pattern. Wait for break above the triangle and a throwback before entering.

KumarMitesh Updated 

Naukri / Infoedge shows a symmetrical triangle pattern on the daily charts. Its poised to breakout on the upside. Wait for the breakout and pullback before entering the script. This is for information / study only.

KumarMitesh Updated 

Let me know your views. Siemens is in a bullish flag formation, breakout above 1148. Target of 1200 based on flag pattern and SL at 1128. Plus there is a Doji on last close. This is not a recommendation, just my study of the chart pattern!

KumarMitesh Updated 

Indiabulls Housing finance is showing a symmetrical triangle pattern. Its coming very close to the apex and should breakout in either direction. Wait for the breakout in either direction and a throwback / pull back before investing.

KumarMitesh Updated 

Let me know your views. Nifty seems to be forming a perfect wedge pattern in the daily log scale chart. A few more gasps before breaking down.

KumarMitesh Updated 

Let me know your views. BankNifty has broken from a rising wedge pattern. Breakdown from the solid line is very close to the apex and may not result in a major downtrend. However, if you consider the breakdown from the dashed line, its around the 2/3rd area from the base / start of the wedge. Breakdown near 2/3 of the wedge formation give a larger fall! Lets wait...

KumarMitesh Updated 

Let me know your views. On the daily timeframe Bharti shows a Cup and Handle pattern over 2 years and is near a breakout. Its currently in an Ascending Triangle formation with breakout above 590.

KumarMitesh

ICICI Pru Life Insurance company has taken a support at the 20 DMA multiple times. The idea is to go long on the stock at the current price of 421.85 with a tight stoploss of 1 ATR ~404. The stock fell with the overall market today but did not breach the 20DMA support. Some resistance seen at 437 post which its poised to go higher. This idea is for education only.