raghavchoudhary2016

raghavchoudhary2016

i was waiting when there would be trend reversal and i post my analysis. finally Nasdaq has made its move. have a look on MACD. MAIN POINT- nifty 50 is also almost moving the same way(earlier itself i had posted the waves in my channel).

raghavchoudhary2016

1. rsi going up 2. macd about to cross its lines 3. price getting consolidated 4. correction waves are done 5. volume increasing i have no reason why sanofi will fall. one can take trade during this time, and do swing trade TARGET- above 7800. one can even go long term, as this is the most bottom part of Sanofi, and you will getting benefitted later. BUY AND HOLD.

raghavchoudhary2016

tcs has touched its bottom, as you can clearly see in the chart. i have even said about macd which is also saying to go bullish. previously i had posted on nifty IT, saying that it also has bottom itself, and will now move up. tcs consists of about 25% of nifty it. TARGET- 3800, TAKE A LONG SWING TRADE.

raghavchoudhary2016

Nifty IT- target 30500 cross. i have drawn the waves for the short term, it looks like nifty it has completely corrected, and now it has to start its run. it will go up, with a rally or with some corrections in between(idk), but i guess it has touched its bottom, and will now move upside. plus, have look on rsi indicator, and macd(strategy). they have started...

raghavchoudhary2016

this is a 5 wave correction, so it should touch the support line, i have drawn a channel too which is supporting from past waves too.

raghavchoudhary2016

icici Lombard is great company, gaining its market share form lic ltd. it had corrected a lot, and i have drawn the waves for the future. it will be reaching its previous trend line comtinuing padt from the corona(drawn in the chart), so it will have a impulsve wave from my analysis point of view.

raghavchoudhary2016

short itc till - 253, TARGET 1- 282. i know itc is great, and given great returns this year. but it has completed its waves and now its yet to fall, with a 3 wave correction. check the volume bars too, it has come to same volumes which were earlier(before corona movemets). i feel such that we can take short positions, but if there is still an upward movement...

raghavchoudhary2016

if you look closely the stock, yes the stock broke the trend line on 29th of aug, but its recovering and coming back to its support, theres a green candle too, lets see what happens on Monday. check out the volume too. plus have look on MACD indicator, its strategy telling to go up.

raghavchoudhary2016

when the waves get completed one could make profits within a short duration. Sanofi is a great company with a good fundamentals, due to FII selling heavily and earnings not reaching the estimate, it has corrected a lot. its gaining volume, and RSI indicator also showing a bull trend coming nearer.