Apollo Tyre - 3 rd of 3rd Wave

Fracture nature on Daily Chart of Apollo Tyre 

AXIS BANK - Looking for Investment Purpose

Why?

* Moving Averages are become positive
* RSI Shift Range to Positive
* Series of Positive Divergence on RSI
* Reverse + Div followed after positive Divergence

Think about this before riding on Nifty

NIFTY - Analysis on Monthly Chart

!!!  WISH YOU HAPPY NEW YEAR 2017 !!!

* 2017 Year is a cautious for Long term Investors
* Bearish to Sideways Probability is high
* Bullish is only above 9200

Long Consolidation Breakout - Aries Agro

Aries Agro (CMP - 156.35)

- Long Consolidation Breakout
- Head & Shoulder Pattern Breakout
- High Volume at Breakout Candle
- RSI above 60

TECH MAHINDRA - On Verge of Upside Reversal- Keep Watch

Tech Mahindra - CMP 439.70

Monthly Chart - 

* Technically Good Chart Pattern for reversal - Monthly swing positive divergence and 2 Bar Positive Divergence on RSI

* As per Elliott wave, Correction Pattern ABC, whereas as wave C is made a low between 50-61% of Fibonacci level.

* Price is hovering near Monthly Demand Zone

* High Volume at 2 Bar Divergence

* RSI tested near 40 level twice but not breach it.....which indicates if fall is limited and expecting reversal.

* As per 1 SD Volatility formula, 390 is looks to be maximum Low if it falls further which is exactly level of 61.8% of Fibonacci level

* If we see reversal, than maximum possible high can be seen till 487 in the month of November.

Lets plan the monthly positional trade strategy with bullish bias on pullback if RISK is manageable and affordable .

My Stock Watch list - 24 Oct Onward

My Stock Watch list - 24 Oct Onward

Technically Good Stocks for Positional CASH Buying

Entry will be based on accessing the fundamental ratios and Technical pullback strategies