TusharSarda

TusharSarda

or will Nifty follow downward channel and go to 21700 before deciding to bounce?

TusharSarda

Nifty is at weekly trendline - if one draws parallel channel to this trendline and if Nifty takes support and bounces, then 25700 seems plausible. Let us see what markets have in store.

TusharSarda Updated 

Trendline is crossed, 200 dema is crossed but the horizontal resitance at 4100 is key.

TusharSarda

IXIC facing resistance. It tried to break through but got a pushback. Will this be a false breakout or just consolidation before going higher? Looks like we will get answer after the Fed meeting.

TusharSarda

SPX is breaking out to new highs. Crossing previous highs - let us see if they sustain and close above the horizontal line or 4700 levels. If yes, global markets could follow suit.

TusharSarda

Nice triangle breakout after taking support at 200 DEMA. RSI is supporting upmove. Stock likely headed to 1900+.

TusharSarda

Nice breakout above the horizontal line. Faster retracement of last fall. Headed to prev highs.

TusharSarda

this is an alternate channel. we may see break of todays low and then markets bounce to 17300 levels. We will analyse more once that level is reached.

TusharSarda

Nifty is in a downward channel. 16100 likely target before end of December.

TusharSarda

Is this a good cup and handle? Price spiked in Jan and then made a u-shape bottom with volumes drying up. Volumes and price surge on June 18 followed by price compression and volumes drying up. Now breaking out

TusharSarda

Ratio chart of CNX PSE to Nifty - breaking out from a long downtrend

TusharSarda

Ratio chart of CNX Infra to Nifty

TusharSarda

VCP tightening based on Mark Minervini's method of investing