algomojo

algomojo Dec 20, 2017

Escorts at Shorts term resistance facing resistance around 738-740 reference. Good to monitor for short term shorts.

algomojo Dec 9, 2017

Bitcoin is showing a significant sign of weakness from the price action point of view as it does a open rejection from thursdays top. On Fridays session price opened gap up and done a magical high of 16666.66 (Bitstamp Exchange) however rejected and got back into thursdays trading range with a strong rejection. Trading sentiment is maintaining negative for the...

algomojo Nov 29, 2017

Excess is a stopping point or in otherwords we can say end of uptrend beginning of new down trend.

algomojo Nov 9, 2017

Weekly Sentiment turns green in Gold. Positionally gold should breakout and trade above 1320 levels in 1-2 weeks range.

algomojo Oct 29, 2017

ICICIBank is yet another banking stock breakout post the bank recapitalization announcement. Volume in ICICIBank is quite strong and the price rejection pattern on last friday is quite interesting and 285 will act as a strong support zone. Moreover the recent gap will act as a strong supporting barrier to hold the price above 285 levels. In the short term one can...

algomojo Oct 3, 2017

Too much of news about bitcoin(Chinese bitcoin bank, Korean ICOs ban, Jamie Dimon(JP Morgan), Goldman Sachs, ) kept the news flow busy attracting more of speculators. Despite all the negative speculation and panic dip below 3000 USD bitcoin price holds up with a strong bounce back. However the long term story of bitcoin remains intact. Nothing got changed the...

algomojo Sep 2, 2017

I personally admire that Bitcoin is one intelligent way of transacting money. Blockchain is mind blowing technology. But when come to valuing Bitcoin it is a pure bubble ready to blow up anytime. There is a financial saying that “All crashes begin with the seed of success”. Bitcoin is one financial instrument where investors come up with too much of leverage to...

algomojo Aug 16, 2017

Crude Oil is trading in a very tight range. Very short term trading sentiment turns positive and trend line resistance comes around 49.2 reference where more crowded stops are visible in that reference point. And few more stops are visible around 50.2 zone. Crude OIL holding the current swing low is a critical support from the short term perspective. Breakout...

algomojo Aug 14, 2017

Sunpharma recently is on steady declines and the trading sentiment was extremely negative across all the time frame. However on the 4 hourly charts sentiment turned positive and the price rejection came with strong volumes. Possible positive trend reversal can be expected here

algomojo Jul 17, 2017

SBIN is showing short term price rejection pattern which indicates a possible resistance around 295 - 296 zone. And could test the previous swing low 270 zone in the short run. Price closing above 296 on EOD basis invalidates the pattern.

algomojo Jul 14, 2017

TCS post the earnings results charts are looking bearish. Stretched valuations might turn down TCS in the medium term down towards a test below 2000. Price action suggests a possible weakness in the medium term.

algomojo Jul 10, 2017

Indigo is showing signs of short term trend reversal as strong resistance building around 1270Zone. More over the price action points to trend exhaustive trade setups. Price acceptance below 1235 will bring more weakness towards 1160 and 1120 levels.

algomojo Jul 10, 2017

Century Textiles is showing signs of short term trend reversal as strong resistance building around 1150-1155 Zone. More over the price action points to trend exhaustive trade setups. Price acceptance below 1140 will bring more weakness towards 1120 and 1100 levels.

algomojo Jul 9, 2017

Short term Trend Reversal can be expected as trend looks exhausted with the weaker momentum buyers.

algomojo Jul 7, 2017

IB Real Estate Recent Buying Momentum is looking weaker and Resistance gets built in the 210-215 zone. Poised for a short term correction. Stock futures is currently in FNO Ban.

algomojo Jul 7, 2017

Weaker hands buying moment. Sustained price below 830 is likely to bring lower price drag as resistance is getting built in the 830-835 band zone.

algomojo Jun 21, 2017

Motherson Sumi price action shows a possible short term trend reversal post hitting all time high yesterday with resistance getting built around 490 reference. Sentiment turned negative on the daily charts post the price rejecting from the all time high. Short term corrections are expected as long liquidations and profit booking is expected in this counter.

algomojo Jun 1, 2017

Jet Airways Price action shows a possible pullback from the recent established bottom. Could test Psychological reference 500 mark here. Estimated time 3-5 trading sessions. Support is expected around 454