Swastik24

Swastik24

High probability trade setup. Price is moving inside an ascending channel since Covid crash. Broader pattern looks like potential Cup with Handle formation. Handle is forming inside the descending wedge pattern highlighted. Accumulation zone is around 200 level highlighted as green. Medium term swing target @ 400 (100% ROI with 8 R:R) Medium term positional...

Swastik24

High probability trade setup. A potential reverse head & shoulder pattern is forming. As per price action, expecting a higher low after the higher high formed @ 685 level. Better to accumulate around 530 levels as it is in confluence with the following: i) Key support level ii) Retest of descending channel iii) At golden FIB level. iv) Bottom of...

Swastik24

Massive dump ahead!! The price has risen with strong momentum towards key supply zone which is exactly at FIB golden ratio. Its time to convert your unrealized profits into realized profits before getting wiped out. Weekly RSI is at highly overbought territory and is showing strong bearish divergence. Technically price has reached its target, its time for a...

Swastik24

A clear downtrend though profits increased 48% YOY and company declares Rs. 38/- dividend. Today's big volume spike shows retail traders jumped in because of positive news, sadly they got trapped. Its better to stay away from this now. Still bearish continuation is shown by strong bearish divergence in RSI. Accumulation zone is around 4600-4800 levels. Short...

Swastik24

Chart shows clear downtrend in Hindalco. Strong bullish divergence in RSI on both daily and weekly timeframe hinting towards possible retracement. Expecting key support around 455 level for a retracement till 540 level. After which it will head lower towards 390 level to form a zigzag. That will be the best area to accumulate for long term positional...

Swastik24

Price is now at key support around 190 level. In the monthly timeframe, it is showing strong bullish divergence with RSI. If this support breaks then the next support is around 125 level. Target in both cases will be around 400 (Long term). Do your own research before investing. Peace !!

Swastik24

Price bounced from long term support and also at key support level as confluence. Turn around potential is visible fundamentally. Accumulate at current levels for a multibagger return in long term. Medium term swing target @ 150 (110% ROI) Long term positional target @ 250 (255% ROI) Long term positional target @ 600 (750% ROI) near its ATH. Do your own...

Swastik24

Broader look shows Head and shoulder pattern formed as highlighted in the chart. As per the pattern, there is more downside possibility. The technical target is around Fib golden zone highlighted as ACCUMULATION ZONE. Other technical aspects are as follows: 1. Current pattern shows a BEAR FLAG as highlighted. 2. Even though there was a huge pump today,...

Swastik24

A potential Cup with Handle pattern is in play here. In this pattern, best time to enter is at the bottom of the handle if identified earlier for high reward to risk ratio trade. Recent price action shows, price broke out of a symmetrical triangle and now consolidating above it as well as key support level (Green dashed line). Accumulate at current price...

Swastik24

A clear bear flag formation with strong divergence in RSI shows the downtrend will continue. Best level to accumulate is around 70-85 highlighted at golden zone. Medium term swing target should be around 190 (150 % ROI) Long term positional target should be beyond 380 (400 % ROI) Kindly do your due diligence before investing in this small cap company. Peace!!

Swastik24

It is nearing its long term trendline resistance, which hasn't been broken yet. RSI showing strong divergence. If it falls then money will flow out of the bonds and move into stocks. Watch out for 31.60 level, if it breaks then more pain for the stock markets.

Swastik24

Both RSI & Stochastic are showing hidden bearish divergence in monthly timeframe. Stochastic maxed out in monthly and weekly is approaching max level. RSI is strong in both monthly and weekly. Important level to watch out for is 102.250 This level is likely to be the top as per the symmetrical wedge pattern. Another important level which is more likely to hit is...

Swastik24

Its chart is forming a potential Cup with Handle pattern. Currently price broke out out of a falling wedge pattern, retested and bounced up. RSI is showing strong bullish divergence and this level is also at Key Support. Better to accumulate at current price levels. Short term swing target is around 780-820 level (90% ROI) Medium term swing target is around...

Swastik24

Technically highly bearish as RSI dropped below 50 level with declining volume. Price broke out of a symmetrical triangle pattern, retested and now heading lower towards buying zone highlighted. Buying zone lies in confluence with KEY SUPPORT level and FIB Golden Zone Accumulate around 135-150 levels for a good positional target around its ATH 440-460 levels...

Swastik24

Good time to accumulate. Price broke out of symmetrical triangle with weak volume, fake out likely. Accumulate around 540-575 levels. I don't see much downside but you may keep stoploss @ 530 (optional). Swing target (corrective waves) is around 835 (45% ROI). Positional target (cup with handle) is around 1700 (200% ROI). Kindly do your own research before...

Swastik24

Expecting strong momentum due to strong bullish divergence in RSI on weekly TF. Price bounced nicely from support and broke out of the bull flag with increasing volume. It can retest 100-105 levels during this correction phase before blasting off higher. I believe infra and realty sectors are going to boom this year, it will positively impact steel and cement...

Swastik24

Bearish divergence shown by RSI on weekly timeframe with weekly close as a strong bearish pin bar candlestick shows there is strong bearish pressure. Do not jump to buy because of the merger and everyone is bullish. Let the price fall to buying zone for a big rally upside. Buying Zone is around 1100-1175 level Target 1 2350 (100% ROI) Medium...

Swastik24

Pattern is likely to form a broadening wedge which lies in confluence with all my previous analysis emphasizing solely on Expanded Flat Correction. Technical target of bear flag (28500 level) also lies in confluence with the above mentioned outcome by reaching the green descending support line. What is your opinion? Feel free to comment, I don't judge people...