vikasbhekare

vikasbhekare

COFFEED has been forming a cup pattern or rounding the bottom with higher highs and higher lows. You can observe buying volume in the last few sessions. The daily and weekly RSI are above 60, and the monthly is nearing 60. This indicates a potential upside move. It is trading near its neckline. If it breaks the trend line and retraces near it, it would be an entry...

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NBCC has formed a CUP chart pattern and traded near neckline level 146. The volume is increasing as the price is nearing the neckline level. It tried to break the neckline before, but it was a fake breakout or was not sustained. The monthly RSI is over 78, the weekly RSI is almost 64, taking support at 60, and the daily RSI crosses 60 from below. If you measure...

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I have performed Elliot Wave Theory analysis on BAJAJFINSV daily time frame. The internal wave counts are not shown on the charts as they get cluttered. Wave 2 retraced 0.65% Wave 2 is a sharp correction Wave 3 was calculated with the Fib Extn tool starting from wave 1—end of wave 1—end of wave 2. It is precisely 1.618%, which signifies that wave 3 is extended....

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Elliot wave analysis performed on 3I Infotech Ltd. It looks like wave 2 retraced 0.65% and is showing bullishness. If you observe closely, wave 1 comprises an impulse wave, and wave 2 includes a flat correction pattern. It makes sure that wave two is formed and price action can show 3rd wave, which will be rapid and stiff in personality. The "Trend Based Fib...

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TATA Steel Ltd. looking bullish The monthly, weekly, and daily RSI is above 60. It is approaching its all-time high of 153. One can notice that the volume is increasing as it nears its all-time high. Also, while CUP pattern formation price action was making higher highs and lows. If it breaks the all-time high with volume and retests the neck levels, it would be...

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BAJAJHIND has been making rounding the bottom. It is charted on a monthly time frame. In the last few weeks, it started making higher highs. Momentum is picking up in the price action and trending upward. Monthly, weekly, and daily RSI is above 60. Volume has increased significantly in the last 5 to 6 months and is being consolidated. The chart pattern looks...

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Zomato is almost trading near its all-time high. Monthly, weekly, and daily RSI is above 60. Volume is increasing as it is nearing its ATH. The chart pattern looks like a cup, and the break line is crossed with a fair volume. One can easily trade for a 1:2 Reward Ratio and trail if the up trend continues.

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Jindal Steel & Power broke the neckline of the cup pattern. It has been forming a cup pattern since 2010, and it almost took 14 years to reach 750 levels. Recently, it has broken the neckline or resistance level with fair volume. One more thing is that it is also nearing its all-time high of 796 levels. We may see either consolidation or retracement at all-time...

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Tourism Fin Corp just broke and retested the neckline of the cup pattern. It has been forming a cup pattern since 2018, and it almost took six years to reach 175 levels. Recently, it has broken the neckline or resistance level with fair volume. One more thing is that it also retested the same levels and continued the uptrend. The monthly, weekly and daily...

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HDFCAMC has been trading in an uptrend for the past few months, forming a cup pattern. It has reached its all-time high. The monthly, weekly and daily RSI is above 60 and taking support at 60 levels in 75-minute time frame. You can see that the volume is also moderate. If it starts increasing as the price approaches its all-time high ( 3844), there would be a high...

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PATELENG has been trading near 60 levels and is taking support. The monthly RSI is above 74, weekly 63 and daily 48 after retracing from 44 levels. Also, it is noticeable that it has been making a rounding bottom. It is one of the strong chart patterns as accumulation occurs at the bottom stage. If it holds the 60 levels and starts climbing up, it would be an...

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RELIGARE is on the verge of crossing RSI 60 weekly and taking support on 60 RSI monthly. Recently, it broke the neckline of the CUP & HANDLE Pattern and has started climbing back up. If you look at the volume, it's increasing. It is in an upward trend since making a bottom in 2020. If the trend continues, we may see the target up to 500 levels (100%).

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Banknifty looks bullish for swing trade. Monthly and Weekly RSI is above 60, and Daily taking support on the 60 level. Looking closely at price action in a 75-minute time frame, one can quickly notice "Positive Reverse Divergence" (RSI is declining, but the price is not). RSI is taking support on 40. It would be a good swing trade if the RSI starts climbing and...

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Nifty PSU Bank index recently broke its all-time high. It also retested the 5431 (5375) level on a daily time frame. It has been making a rounding bottom pattern, a solid pattern among all the bullish patterns. The relative strength index is above 60 on weekly and monthly time frames. It has been on an uptrend for the last couple of years. There is no resistance...

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PARAGMILK is looking bullish on 75 mins time frame. It would be a good swing trade. Monthly and weekly RSI is above 60, and daily RSI takes support on 50. The trend has been up since the last few months. The stock has been corrected recently and started making higher highs and lows. A swing trade with RRR above three can be taken if the trend continues. The stop...

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TIMETECHNO on a daily time frame. It has been on an uptrend for a long time. Recently it got corrected and continued uptrend. Monthly & Weekly RSI is above 60 and daily RSI taking support near 50. One can quickly notice "Positive Reverse Divergence." The price is making higher highs, and RSI is declining. It would be a swing or short-term trade with a minimal...

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The CNXPSUB (NIFTY PSU Bank) index looks bullish as it is above 60 on a monthly, weekly & daily RSI. It has almost reached the target of the previous cup pattern on a daily time frame and just broke the neckline of the new cup. If you noticed, it also broke the neckline (5375 levels) of nearly 13 years of the cup monthly.

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IDEA (Vodafone IDEA Ltd.) looks bullish on a weekly and monthly time frame as they are above 60. It has been corrected in the last few sessions. The only concern here is that volume increased during correction. The RSI on a daily time frame is near 45. The RSI now (46.52) and the previous (43.65) swing low (10.65) are almost the same. This term is known as...