Hindalco looks positive!!!

Hindalco Chart!!

Price is moving in a channel and support at ascending trendline.
Today price closed positive and formed a engulfing pattern with good volume thus giving positive indication
RSI and MACD is crossing upside.
Enter at current market price stoploss 109, Tgt 122-130-137.

Regards
Rinkesh Jain

Nifty can see little upside!!!

Nifty Chart

Nifty on 29th jan made a high which was above the 22nd jan high which stated that there is still
possibility of upside.
Then after getting view from other technical analyst i got to knew that move from 11 jan to 22 jan was just a
Wave a from overall ending diagonal.
Then remaining count is in the chart.
Even though ROC and MACD is making lower high yet market is moving high.
Following Elliott Wave is difficult task but once u understand it give a better result than any other tools or theory.


Regards
Rinkesh Jain

Geometric trading at support levels...!

Stock is trading at 102 level and the positive move can be seen from this levels.
RSI is moving with  price an is indicating a upside potential in this stock with minimum stoploss.
Entry at current level and stoploss of  98-99 on closing basis.
Resistance 111-116


Regards
Rinkesh Jain

Gold Hourly Chart!!!

Gold Hourly Chart!!

Gold have completed a channel and have seen support at the descending trendline.
RSI and MACD have turned upside. Which overall give positive indication for gold.
Resistance level are 30450 - 30625.


Regards
Rinkesh Jain