NS_NitinSharma

NS_NitinSharma

Nifty now near its crucial support of 18099. EW 2 correction seems to be almost over and we should start impulse wave 3 anytime. Bulls should take necessary control to prevent breakdown. (unless market panics due to news or other such elements).

NS_NitinSharma

Stock is now trading above its 10 dema, gaining momentum. Triple rounding bottom can be completed soon. RSI strengthening. Stock is also trading above its falling resistance trendline now. A swing upto initial target of 150 can be expected soon. T1: 150 T2: 165 SL: 120

NS_NitinSharma Updated 

Gave Inverse H&S breakout with parallel channel supporting. Broke out of channel after making high of 242. RSI now strengthening again. Initial Target of 250 still looks intact.

NS_NitinSharma

After breaking falling trendline and retesting it, Reliance is now comfortably rising in the parallel channel. EW3 in progress. Now taking support at its 20 dema , should reverse back higher. T1: 2850 T2: 2950 SL: Closing below parallel channel

NS_NitinSharma

Stock is now taking support from 200 dema (which is also coinciding with 10 dema). RSI is strong. Facing resistance in 75-80 band. CMP: 75 SL: Closing below 69 T1:80 T2:100

NS_NitinSharma Updated 

C&H pattern formed on daily time frame. Parallel Channel Breakout successful. RSI supporting. Initial Target: 208

NS_NitinSharma

EW wave 3 in progress . Metals should stay strong.

NS_NitinSharma

Wipro has simultaneously given BO above falling trendline and 50 dema. RSI supporting the same. Closing above 420 will activate initial targets of 470 and 490. Unlike its peers (TCS, INFY), sharp rally is yet to come. Keep strict SL: Closing below 370

NS_NitinSharma

Broke out of falling trendline. Retest successful. RSI supporting the move. 50 dema will try to make golden crossover with 200 dema. T1: 3600 T2: 3800 SL: 3200 (Daily Closing)

NS_NitinSharma

INFY after breaking its 1638 horizontal resistance levels of Apr-2021 is about to make a RETEST. A successful retest will result in golden crossover of 50 and 200 dema. RSI supporting the trend. EW wave 3 in progress. For fresh trades, buy after succesful retest at 1630 levels. T1: 1700 T2: 1790 Investors shall hold for targets of 2000 and beyond.

NS_NitinSharma

Buy on Dips, add whenever stock hovers between 1450-1600 for long term targets >1850. Recently stock gave inverse C&H breakdown and is currently in accumulation zones. Good for investment. Stock is weak right now, trading below 50 and 200 dema. BUY ON DIPS!

NS_NitinSharma

Stock is under consolidation since 1 year (triangle pattern). Buy on DIPS i.e. near lower edge of trendline, BO will occur after falling out of triangle pattern. Currently hovering around 50 dema and 200 dema. Keep accumulating .

NS_NitinSharma

Stock is under accumulation, good volumes. Still in channel support. Retest failed earlier, could BO this time. RSI is strong. Wait for confirm BO above channel or swing trade from bottom of channel if it falls. T1: 975 T2: 1025 SL: Closing below parallel channel support.

NS_NitinSharma

Consolidating within range of 200-250 since Oct-2021. Fundamentally good company. For Investment add on dips below 218 and wait for good volume BO avove 250 zone. Strong support at 200. For swing trades buy below 220 and sell above 240 to mint. Triangle BO may give strong pull upwards but need to sustain above 250 for confirm BO.

NS_NitinSharma

At Falling trendline resistance and horizontal support. Needs to give confirm breakout above trendline (weekly timeframe) with strong volumes. RSI still underperforming. Might just breakout this time after long consolidation. Wait and watch!

NS_NitinSharma

Dixon Tech. forming Inverse H&S on daily time frame. RSI rising. BO above 4668. Safe Target: 5700 Possible Target: 6050 SL: Closing below 3950

NS_NitinSharma

Reliance Trendline Breakout and Retest Confirmed. EW 3 in progress. Long!

NS_NitinSharma

Buy Balmer Lawrie at CMP, triple rounding bottom (weekly) breakout on the verge. RSI strengthening. Keep SL below 113 (closing). T1: 150 T2: 165