NS_NitinSharma

NS_NitinSharma

After successful BO and Retest at falling wedge, it should advance to :- T1: 500+ T2: 560+

NS_NitinSharma Updated 

Stock is under major consolidtion zone. Buy: 375-390 Sell: 440-465 SL: Closing below 350

NS_NitinSharma

EW 3 seems to be in progress with Target 1800+ at 1.618 Fibonacci levels. RSI getting stronger steadily.

NS_NitinSharma

EW 3 seems to be in progress with Target 3800+ at 1.618 Fibonacci levels. RSI getting stronger steadily, 50 dema trying to cross 200 dema (golden crossover).

NS_NitinSharma Updated 

Metals now seem to travel EW3. CMP: 117 T1: 130+ SL: Closing below 113

NS_NitinSharma Updated 

Stock is still trading above its 10 dema. BO targets (ascending triangle) are in coherence with Fibonacci targets. T1: 390 (safe) T2: 435+ SL: Two successive daily closing below 295

NS_NitinSharma

Nifty taking continuous support at 17820 ( 50% retracement ). EW 2 can come (not neccessarily) down to 17560 levels which will be 61.8% retracement before start of EW 3. Next support at 17566

NS_NitinSharma

Cup and Handle Breakout CMP: 83.55 SL: Closing below 78 T1: 93+

NS_NitinSharma

Stock under parallel channel. Can be traded for new swing upto 295+ levels. SL: Closing below parallel channel.

NS_NitinSharma Updated 

PFC under the magic of Elliott Waves. EW Impulse wave 3 in progress. T1: 150 T2: 175 SL: CLosing below 130

NS_NitinSharma

CMP: 447 BO confirmation above 454. Strong supports around 425 and 400, would also work as SL. Stock is now above its 20 dema. Fibonacci retracement targets are very attractive. May fire anytime. T1: 500+ (short to medium term) T2: 565+ T3: 610+ (medium to long term)

NS_NitinSharma

Falling Trendline BO retested and confirmed. Inverted H&S BO done. Also, stock is trading above its 10 dema. CMP: 130 T1: 153+ (inline with Fibonacci targets) SL: Closing below 115

NS_NitinSharma Updated 

Trendline BO failed yet again, levels of 425 should hold and work as SL too for fresh buying. Currently trading below 20 & 50 dema. This wedge breakout, if and when is worth the risk. Can fire anytime. FIREWORKS awaiting.

NS_NitinSharma

Stock has been respecting the horizontal support of 350 and is under falling trendline resistance. CMP: 368 BO confirmation above falling trendline. T1: 450+ SL: Closing below 350

NS_NitinSharma Updated 

Yearly Trendline Breakout initiated. RSI strengthening, Buy at CMP for T1: 520, T2: 580 and T3: 650. SL: Closing below 425

NS_NitinSharma Updated 

Seems like EW 2 (correction) has completed and impulse wave 3 is in progress now. This rise can be quicker than expected. EW3 can go upto 1.618 Fib levels and beyond too.

NS_NitinSharma Updated 

Buy at CMP: 315 Ascending Triangle BO on the verge. Additionaly stock recently witnessed golden crossover of 50 and 200 dema. Support from RSI pending. T1: 390 T2: 435 SL: Closing below 295

NS_NitinSharma Updated 

Stock is under parallel channel since 1 month. Can be played for a swing upto and beyond 535+ levels. CMP: 504 SL: Two successive daily closing below parallel channel.