vikasbhekare

vikasbhekare

TV18 Broadcast LTD has broken neckline of the head and shoulder pattern. If it retests level 45 - 43 and then move upward, we may see levels 59 - 60.

vikasbhekare

Trident on the one-day time frame It has retraced .65% and changed the trend. If it was 2nd impulse wave, it is ready for the most crucial 3rd wave of impulse as per Elliott Wave Analysis, which can take the price up to 133 levels in the near future.

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Ashok Leyland has broken Cup nd Handle neckline 167 - 168 levels. It looks bullish on weekly time frame with RSI above 60 pointing upward. It would be a good entry point if it retest neckline. If it continues the uptrend, we may see levels 300 in a year or two. It a good investment stock to hold for a couple of years.

vikasbhekare

IOB is been making rounding bottom or cup and handle pattern. If it continues the up trend, it is good for a short term trade. Buying around 30 would be a great entry point which will give you 1 : 2 RR with stop at 19.

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Nifty has been consolidating for a couple of last sessions and trying to break the trendline on the upper side. It is a high probability LONG trade setup. RSI is showing strength as it moves upward, touching level 40 on a 2-hour time frame. That would be the entry point if it sustains 19445 levels and retests it after breaking out the same. Levels to watch on...

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CNXFINANCE (FINNIFTY) tried to break the trend line but was not successful. However, retracement 0.68 % is over and ready to move upside. A positive point, RSI showing bullish divergence on 15 mins time frame. FINNIFTY has to break 19951 levels with big bullish candle and retest the same level. That would be the entry point. The first target would achieve more...

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Nifty has broken the trand-line and retested the green zone (0.236 to 0.382). If it is the 3rd wave, its going to be upward with momentum.

vikasbhekare Updated 

Nifty MNC may crawl up a bit to make 2nd top. RSI is making divergence and showing bullish sign. Good entry point for this trade would be 22213 if it breaks strongly and retest the same levels. No trade below 22154 levels. Levels to watch on lower side 22154 22213 Levels to watch on upper side 22378 22465

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It seems Nifty IT is about to break the trendline on downside. If it does, then certainly it would be great trade with RR 1:4. It will become again stronger above 30740 levels. It broke that levels once but could not sustain the same. However, it shows bears are more stronger than bulls. RSI has been oscillating between 60 & 40 levels. Watch for level 40 break...

vikasbhekare Updated 

We may see a small upside tomorrow. It has crossed 0.382 (Fibonacci) levels and taking support. If it creates bullish candle between 0.236 & 0.382 levels, that would be the entry level with RR 1:2. Also we can trail the stop loss to maximize the profits. RSI almost crossed level 60 Monthly expiry tomorrow, hence, be cautious

vikasbhekare Updated 

Nifty is retraced to retest the trendline breakdown levels on 75 mins time frame. Wait for bearish candle between 19843 & 19751 levels. If it dose happen, we may see fall on downside. One more thing to consider that RSI is approaching 60 which is not in favour of the trade. However, wait and watch the trade before making any position.

vikasbhekare Updated 

Nifty can show upside move on 15 mins time frame (intraday) when open on Monday It crossed 19635 levels and retested the same. The relative index strength approaching 60. The levels would be 19708 19745 If it falls below 19600, we can see levels 19518 19456

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JKIL looks bullish on monthly and weekly time frames. It's been making cup and handle patterns. It almost broke the neckline with volume. If it breaks the current level & retraces the breaking line with significant volume, we may see 600 above levels in a couple of years. Good for investment purposes

vikasbhekare Updated 

RSI divergence on 75 mins TF If it breaks & retests 1295 level on 15 mins TF, that would be the entry point.

vikasbhekare Updated 

If NIFTY is following Elliott wave, it looks like 3rd impulsive wave has achieved its 1.618 target. It clearly shows loosing buy strength if compare to RSI divergence with Price. Market may follow down trend if it is the 4th corrective wave on 15 mins time frame.

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If BANKNIFTY is following Elliott wave, it looks like 3rd impulsive wave has achieved its 1.618 target. It clearly shows loosing buy strength if compare to RSI divergence with Price. Market may follow down trend if it is the 4th corrective wave on 15 mins time frame.

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TATAPOWER Corrective wave - descending or contracting triangle The price already broke the level on the downside & looks like retesting the SR flip. The next support level is 136.

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BankNifty [NSE:BANKNIFTY looks bullish on 75 mins TF if it is following a corrective wave 'B'. We may see level 41800 in the near future if the analysis goes right.