MESSAGES

Ashu bro, coforge is ultra bearish in all timeframes. Even momentum on mothky seems to be redy to cross zero on downside. Sell on raise or stay away is my view. May be heading towards 3200 and below that crash.

bro i guess correction is over we will trade 22800 on 30 may

PB bro whats ur view on Coforge stock beaten big after results

passerby brother, time to add shorts or stay in wait and watch mode...

prabirkg brother, While there is no guarantee in stock market, at this point yes it looks 22.6k could be peak for may. May be some consolidating move this week and fierce move next week. A daily close above 22.52 on futures by our closing time can bring bullish moves back. 22.32 and 22.52 will be fighiting range. As long as we sustain below 22.32 21.6k 21.4k and 21.2 or visible targets for futures. May be in may itself. As I said earlier may could be a mega bearish month. Trade Safe. Best Wishes.

Greenhorn bro, At this point I do not suggest anything to buy. Especially nifty auto. Usually beating the record high is not easy hence the profit booking happens. Anyway here is my reading on eicher. It is in raising channel and BigW breakout with a target of 4540 that it finished. And megaphone formed at top. Top according to me. Similar to 21.8k nifty auto target it is continuing upward move. Sustaining above 4720 it can move towards 4900 and sustaining above towards 5200. Below 4540 it can move towards towards 4450 and below that towards 4k. So approximately a plus or minus 600pt range from 4600. If you want to buy my suggestion would be to wait for a move towards 4100 and then take a decesion depending upon how it behaves at that level. You can also try trading intraday based on levels I mentioned. Please do your own analysis too.. Myself have bough few 4600 puts around 140 because I felt 4450 very likely will be tested first. I usually check and get into option price matching support and resistance levels of underlying instrument and if there is enough time to wait. Trade Safe. Best Wishes.

bro, wot is gud entry pt, SL and tgt in eicher trde. BW n tc

Passerby brother, I love your posts, its informative. Please continue the good job. . Is it safe to assume we will end May beilow 22600…

also for eicher it is clear megaphone on daily chart. usually they denote a peak or bottom or flag. for now i have treated as peak for multiple reasons like mf divergence over bought and once there is breakdown from downwards on megaphone it will be a channel break down too on hourly raising channel. henc the trade. i did not share it earlier as there is risk involved. and now sharing for education purpose... trade safe best wishes.

futures closed above 22.120 by our closing time. so i have booked some more profits in my shorts and carried some. there may be move towards 22.320 so at that time will add more shorts. for a change i have taken few lots of eicher motor 4600 puts as i expect next lef of down move has to come from nifty auto which is way over bought.. lets see. trade safe. best wishes.