Suryavanshi1983

Suryavanshi1983

BEML has been stuck in a tight range for sometime now. The movement from 531 to 950 is impulsive in nature. and the current range is the correction pattern that too above the buyers area of interest. one can look to buy it in the support shown in the chart for a target of Resistance and a breakout there on for target of 1200, which is the next resistance. wait for...

Suryavanshi1983

Nifty bounced off the triangle support today if today's low is held, we might be retesting the recent highs, even 11200, where Head and shoulder pattern completes and there is a resistance there too. All depends on how nifty will react to the recent highs near 11000. With the budget due on February 1, 2019. this all might be a technical set up before a big fall...

Suryavanshi1983

Ashok leyland has been falling like a knife, without much bounces, but a very big support is seen nearby 74 odd levels, one can look to buy there. will update once the actual level of 74 is reached. Will have to look at the price action from there to understand if it can be kept for long term or short term only.

Suryavanshi1983 Updated 

Nifty seems to be making a corrective move on the upside, after which we will soon witness the impulsive volatility. For now the Head and Shoulder pattern seems to be almost complete. We are at resistance, 3rd attempt to break this level, but need to watch for Impulsive move on the downside. Which will signal lower levels going ahead. If holding longs, golden...

Suryavanshi1983 Updated 

Bharatfin fell after making a rising wedge. Long term trend is on downside. However, the current short term downmove looks like corrective in nature and higher levels are possible in short term if the support is held. Incase of a breakdown with an impulsive move, much lower levels can be seen. In Short term - Long, Long term - Short :)

Suryavanshi1983 Updated 

Auro Pharma broke the upward sloping trend line and the fall was steep. Currently there are 2 scenarios with small risk. entries around the support areas with small sl for a target of 792 and breakout.

Suryavanshi1983 Updated 

The Trendline from the high acted today and stock reacted along with nifty and fell back to the support zone. For a low risk trade, wait for an impulse on the upside and break of the trendline, As nifty has turned negative with an impulsive move. Better to take precautions while entering long trade in stocks, as most of these could be fake moves.

Suryavanshi1983 Updated 

Bank of baroda, seems to be making a bearish flag pattern, Shorting opportunity in the downtrend continues and breaks the trendline with an impulse, support areas mentioned.

Suryavanshi1983 Updated 

Canbk has recently broken the Uptrend line and has reached a nearby crucial support. Now it can take different paths going ahead. each arrow identifies one move. For the next arrow to start, a breakout needs to happen with an Impulse. I will keep it on watch list going ahead as there will be multiple trading opportunities. Will keep you posted on the updates as...

Suryavanshi1983 Updated 

The up move for Bank Nifty seems to be in the last stages and sudden dips can be expected going ahead. If you are long on Banking stocks. It is time to exit longs. This is the second opportunity the market has provided for Longs to exit. Short with Impulsive moves going ahead. The Road ahead looks very interesting for Bank Nifty on the downside. Please note the...

Suryavanshi1983

PNB Has bounced off a major multi year support. Hoping to see higher levels in the counter. It is a buy for long term basis with a sl of 55.

Suryavanshi1983

If the stock is able to stay above 21 WEMA, expecting it to go back to previous highs of 125. bounced from Support zone, breakout from Channel, now 21WEMA providing support. Look for long in this counter.

Suryavanshi1983

If holding longs in Bharti Airtel, please exit on any bounce. It is in the process of Making a flat channel. Best buy is in the area of 240 with SL. if those levels are held we might see the highs again. The recent move down looks like an impulse. Best to stay away from longs in this counter. Short on rise for ultimate target of 240.

Suryavanshi1983 Updated 

Looking to Buy Ambuja Cement around 211 with a sl of 209, for a target of 216 and Above.

Suryavanshi1983 Updated 

Ajanta Pharma has been in a medium term downtrend, which is expected to continue. In Short Term, it is making a triangle, with support around 1128, Target could be 1171/1195/1292 with SL 1125

Suryavanshi1983 Updated 

Ajanta Pharma has been in a medium term downtrend, which is expected to continue. In Short Term, it is making a traingle, with support around 1128, Target could be 1171/1195/1292 with SL 1125

Suryavanshi1983 Updated 

Nifty Pharma has done a breakout of multi year bearish channel and we are currently retesting the same. This is one of the best times to go long in Pharma Sector with small SL for long term. Individual Pharma Stocks showing the same.

Suryavanshi1983 Updated 

Breakout and retest done. If the lows of today are held we should be able to see higher numbers. Resistance Mentioned in the chart is the target with sl Below todays low.