NeeteshJain

NeeteshJain

Simple use of Fibs and Fibs Extension give us a target of 146-147 level where the price action can see a buying in this stock. Downtrend is in place and we are looking for new opportunities to short.

NeeteshJain

In a Downtrend, seeking for a short opportunity and due to that I have marked two red arrows to denote whether the short coming will happen at the current price level or after completion of Gartley pattern. I would suggest to hold your short positions till we get confirmed with the downfall point or price action.

NeeteshJain

Bearish Gartley Pattern is in progress, where completion of D leg is in progress. Waiting to short this at around 360-370 level

NeeteshJain

I'm assuming that the price will go down to around 574 in order to complete the pattern formation and also meet the below demand or support.

NeeteshJain

Anticipating for a breakout from either side of the trend line.

NeeteshJain Updated 

Currently, the stock will first fill the gap between 500-515 before it continues its downtrend.

NeeteshJain Updated 

Currently, selling is anticipated as per the candlestick charts and lower levels till 872 can be seen within 1-3 weeks.

NeeteshJain Updated 

The Stock is currently at a stage which will decide the next movement of the stock, if the stock goes 1 percent up from here then it will surely re-test the previous resistance at 940 to complete a bearish bat pattern and vice versa.

NeeteshJain

The stock has surprisingly gone up straight to a long distance with the bad financials. According to chart action, a selling or profit booking can be seen in this stock in 1-2 months. Currently, the chart can begin it is downward trend if it sees profit booking or selling at 94.50-95 levels.

NeeteshJain

At D (2040) level, the stock offers a short opportunity.