bgkumar74

bgkumar74

Crude is at a crucial juncture. If price breaks out from the trend line we can see a good price movement. Need to wait and watch.

bgkumar74 Updated 

A few months back I started with the idea of achieving the best using current indicators and taking the best of them modifying the code to my needs. Idea was not to aim at producing the holy grail in trading but as to how far I can stretch and produce results from a single lot of Nifty futures. Results are as below from back testing using modified indicators and...

bgkumar74

Looks like Nifty will touch 18100 in the coming days unless things don't change in middle east. Be cautious.

bgkumar74 Updated 

Nifty 50 is currently stuck in a range between 19296 and 19645 for the last 10 days. If price starts forming below 19296 and sustains it can likely head towards 18646 which is another support. If 19645 is breached on the upside we can head towards 20k and above. My observations and not a trade recommendation though.

bgkumar74

TATA Steel has formed a bullish pattern in the form of Cup & Handle. There is a possibility of 27 rupees upside (+24%) if it crosses its previous high of 112.90. Maybe by November or Dec 2022. Anything below 96 is a short. Watch out for this stock. This is my observation based on charts.

bgkumar74

Another example of cup and handle pattern in play. This time SBI on a daily time frame. There is a probability of 100+ rupees on the upside if the current rally in it sustains. Made from one of the charting tools in TradingView.

bgkumar74

Nifty is forming a cup and handle sort of formation. If it breaks above 18000 again - we can see an upside to the tune of 2000+ points as per theory. Made from one of the charting tools in Trading View. Just my view for educational purpose.