Mayank-Pandey

Mayank-Pandey

Nifty. despite the bearish undertone and commentary, completed its targets beautifully before nosediving. Many including me were expecting this volatility yesterday on the budget day but, markets always surprise you. Congratulations to those who made the most of it. Future forecast, a shooting star has formed on daily chart which will become active only if we...

Mayank-Pandey

Nifty has shown a formation of a Head & Shoulder pattern in Hourly time frame. This is a short term outlook as long as medium term remains bullish i.e., daily close is not below previous low. Monthly call options/ futures can be used to trade this.

Mayank-Pandey

Nifty has once again given a chance. Head and Shoulder pattern has formed in a 15-minute time frame. Given that it is Budget tomorrow, there is a high chance that we will achieve the targets and then reverse from their trapping bulls like last year. I am going to be very quick in booking profits intraday.

Mayank-Pandey

Auropharma is looking on the verge of a breakout due to following reasons: 1. Monthly, Weekly, Daily, Hourly RSI >60. 2. Ascending Triangle formation on hourly/ 15mins chart. 3. 15mins RSI is flirting around 60 which shows the underlying strength. 4. Volume profile shows accumulation is almost complete at slightly lower levels. 5. Underlying current in the pharma...

Mayank-Pandey

Nifty IT sector has almost completed the rounding bottom pattern. This consolidation phase was more than 2 years long. Thus, the probability of a sustainable breakout is high. I will look to go long in IT sector leaders via call options/ cash buys. What about you all? PS: Typical targets are the depth of the rounding bottom pattern which is 29%. This can be...

Mayank-Pandey

Head and Shoulder pattern has formed in Nifty index on 15mins chart. Targets and SL are calculated. If we close above Target 2, 22000 is on the cards! PS: I am long already. So, consider the bias.

Mayank-Pandey

First target achieved in Polycab. Aiming for second target now with SL trailing to previous day low. How's the josh?

Mayank-Pandey

The day has arrived. Breakout in Polycab....targets are in line as posted earlier.

Mayank-Pandey

Head and Shoulder pattern in Polycab on hourly timeframe chart. A breakout is imminent as the overall tone of the market is bullish. A short term swing trade is on. Targets are: 1. depth of right shoulder, 2. depth of the head. Stop Loss: close below previous day low (for F&O), low of right shoulder for cash trades. PS: I am holding a long position.