Sid Thapar

Month: June 2017

  • WILL BEARS TAKE CHARGE ON SUN PHARMA AGAIN?

    —

    by

    Siddharth Thapar
    in

    After a decent downtrend from 720 level to almost 490 level, Sunpharma has took some breath but seems like that breath will not last long. There is a bear Flag Pattern made on Daily charts. If its breaks then next support levels are at 520-500. Below that it will start its prior trend and can…

  • Tech Mahindra Ready For “Take Off”

    —

    by

    Siddharth Thapar
    in

    After a decent downtrend from 515 level to 380 level, Tech Mahindra has shown some strength. Price has made a double bottom at 380 level, following with a classical positive divergence seen on a line chart. Expecting a move towards upper trendline which will act as a resistance at 410 level. Learning here – Classic…

  • ITC Looking for 300 Levels

    —

    by

    Siddharth Thapar
    in

    Price action on Daily chart of ITC showing Bears taking charge for very short term correction. Price has started consolidating between a descending Triangle. So one should look to short for Target 300. Buy will only be above 317 levels as of now 🙂 Will update for best Buy possibility 🙂 Daily Chart of ITC…

  • S&P 500 INDEX “AN OPPORTUNITY TO SHORT”

    —

    by

    Siddharth Thapar
    in

    S&P 500 Index after making a new high has now started showing some weakness. RSI 14 Negative Diversion is clearly seen on Daily Charts. Price action at the top also suggesting that Bears are taking charge. For Short term, I’m expecting that Price should retest the support zone of 2400-2360 levels. One can go short…

  • BANK NIFTY – MAKE OR BREAK TIME

    —

    by

    Siddharth Thapar
    in

    Bank Nifty has started showing weakness after made a all time high. On Daily Chart there is a Negative Diversion which played really well today. Bank Nifty spot closed at  23542.75 -o.81%. Immediate support for bank nifty is at 23300 levels. On weekly charts there is a Grave Stone Doji candlestick pattern made at the…

  • MARUTI – 30 MINS CHART – H&S PATTERN

    —

    by

    Siddharth Thapar
    in

    Maruti Looking bearish. It has made an Head & Shoulder pattern on 30 mins chart. Support zone 7090-7100. Below this level it will be heading for 6950-6900 levels. Do take advise from your financial advsior before taking any positions.

  • QUICK UPDATE – PAIR EURUSD

    —

    by

    Siddharth Thapar
    in

    EURUSD has made an Inverse Head & Shoulder Pattern on hourly chart and completing its 5th wave upwards on Daily Charts. Buy should be near 1.124 for Target 1.140 but we have to wait for the confirmation. Charts are below for your reference. Sid