CHART ANALYSIS – ALLAHABAD BANK

Dear All, As I have already told you that PSU Banks are looking good for short to medium term and given my “BUY” recommendation on “ORIENTAL BANK OF COMMERCE”. Now another setup has come that is in “ALLAHABAD BANK”. I have done a chart analysis so one can able to learn. There is falling wedge … Continue reading “CHART ANALYSIS – ALLAHABAD BANK”

Read more

NEW YEAR SPECIAL PICK – UNITED BREWERIES LTD (UBL)

Dear All, Wish you all a very Happy New Year “2018”. May God Bless you all with Lots of love, loads of wealth & good health. New Year Pick is UBL Ltd. On Daily timeframe, Price is moving upwards in wave ratio of 3:3:3. Wave 3 has been started and inside of wave 3, the … Continue reading “NEW YEAR SPECIAL PICK – UNITED BREWERIES LTD (UBL)”

Read more

TIME TO LOOK FOR PSU BANKS AGAIN – 1ST PICK – OBC

Dear All, Time has come again to look at PSU Banks. After the announcement of the recapitalization of PSU Banks by our respected Finance Minister, Mr. Arun Jaitely, PSU Banks has moved 30%-40% in 1 day. Now, the prices have filled those GAPS and look like ready to resume the uptrend. My 1st Pick is … Continue reading “TIME TO LOOK FOR PSU BANKS AGAIN – 1ST PICK – OBC”

Read more

TRADE SETUP – SUNPHARMA

Dear All, It was an amazing last 2 weeks in markets. Nifty went up and then down and then started showing some strength upwards. So, My 1st pick is Pharma Sector. Last week nifty pharma has moved 2.5%. There is a¬†Positive Divergence also on daily charts.Price action suggests that positive move can continue.Though the bigger … Continue reading “TRADE SETUP – SUNPHARMA”

Read more

TRADE SETUP – ACC – BEARISH ENGULFING CANDLESTICK PATTERN

Dear All, As usual, I prefer to trade less number of stocks instead of opening so many trades at a time. Maruti didn’t work well for us. Anyways that’s¬†past now. Let’s focus on next setup. Now I got the setup in ACC. Price tries to Test the last resistance zone of 1825 to 1785 and … Continue reading “TRADE SETUP – ACC – BEARISH ENGULFING CANDLESTICK PATTERN”

Read more

NIFTY UPDATE – NICE PULL BACK!

Dear All, As expected, Nifty bounced back from confulence area of ¬†Fib 50% Level and Trendline. You can click here to check my last update on Nifty. We booked almost 200-195 Points. So as of now It’s a wait and watch situation. Will keep updating if any trade setup comes in! Below is the Chart … Continue reading “NIFTY UPDATE – NICE PULL BACK!”

Read more

NIFTY UPDATE – PERFECT SUPPORT LEVELS

Dear All, I have shared Nifty view earlier when it broke the rising wedge pattern. As expected fall was fast, same as last 2 falls (10170-9700). Important here to watch is the time frame is same 7 Days. Nifty entered into the last Channel between 10178 – 9700 levels. I’m expecting that Price will definitely¬†try … Continue reading “NIFTY UPDATE – PERFECT SUPPORT LEVELS”

Read more