RocksolidFinserve

RocksolidFinserve

📆 Monthly Time Frame: 📍 Price Action: Price is currently at a major support zone. 🔄 Trend Analysis: Downtrend (Dow Theory) remains intact. 📉 Moving Average: Price is near the 50 EMA. 🔍 Analysis: Price is not strongly bearish but not yet bullish. This zone might indicate a potential trend reversal in the upcoming sessions. 📆 Weekly Time Frame: 📍 Price...

RocksolidFinserve

My study is on Daily Time Frame Risk to Reward ratio is 1:3 Stop loss is on daily closing basis

RocksolidFinserve

Please see my previous studies related to Zomato: In Daily Time frame i have some observations that are : 1. Price Took Resistance at Double Top Neckline and then a follow up also came and closed below previous low 2. A Long Term Trend Line (joining Nov,21 & May 24): Price has broken down this trend line with good volumes 3. If we Look at 16 Jan High and 4...

RocksolidFinserve

See my previous posts, in hourly time frame, if price enter 224-223 territory, then probably a downside wave 3 confirms. If this happens a sharp fall can be seen.

RocksolidFinserve

See my previous Ideas, based on that my opinion is Zomato is still a short!!!!!!!!!! FOLLOW STOP LOSS STRICTLY

RocksolidFinserve

Earlier View: CMP: ₹234 Target: ₹206 (Achieved) Stop Loss: ₹240 Risk to Reward Ratio: 1:4 Setup: Fake Breakout observed on the daily time frame. Current Scenario: The target of ₹206 has been achieved. Monitoring the hourly time frame for the development of a bullish pattern. Technical Observation: If Stop Loss (₹220 daily closing basis) is triggered and...

RocksolidFinserve

Monthly Timeframe: Infosys is forming a potential Double Top pattern near its resistance zone. However, confirmation of this bearish structure is pending as the price has not yet broken below critical support levels. The stock appears to be moving sideways near resistance, suggesting the possibility of a breakout. However, MACD is showing bearish divergences,...

RocksolidFinserve

Mother Candle (Daily Time Frame) has been broken down, 42540 is ultimate Stop Loss for bears. At present, there is a hanging in intraday, it is like expanded Flat Correction in the form of ABC, the high of Wave C (42503) may not cross

RocksolidFinserve

ZOMATO (Stock Analysis) Current Market Price (CMP): ₹234 Target: ₹206 Stop Loss: ₹240 Risk-to-Reward Ratio: 1:4 Setup (Daily Time Frame): Fake breakout Disclaimer: This is purely a study and should not be considered financial advice.

RocksolidFinserve

Zomato has given a Fake breakout Setup in its Weekly Time Frame, In Daily Setup it came at support - from this support it can bounce back at levels of 259-260(GAP) This Gap can work as resistance for this----I am planning to Short at these levels Which is Eventually Stop loss also

RocksolidFinserve

At this stage I am feeling ONGC has just made a Expanded flat on its daily time frame - Every bounce in Intraday is SHORT !!!!!!!!!!!!!!!!!!!!!!!!!!! Beware of STOP LOSS Alert: I follow stop loss on closing basis & my stop loss of 273-274 is on Daily Time Frame

RocksolidFinserve

In one hour time frame, NG is beautifully withing range of a parallel channel. If it is going to respect the lower support of channel then with a stop loss of Rs. 210 we can expect a rally upto Rs. 254/- I also expecting its style of movement as depicted in Elliot wave drawing. Please make sure to have a strict stop loss if you are going to trade it