M&M

M&M

https://www.moneycontrol.com/news/business/stocks/cup-and-handle-pattern-in-mm-suggest-buying-opportunity-4806801.html


Shabbir Kayyumi
The Cup & Handle (C&H) pattern is believed to be one of the most reliable and popular patterns among traders. In technical analysis, a C&H pattern describes a specific chart formation that projects a bearish-to-bullish trend reversal. A C&H reversal pattern forms after a downtrend and its completion marks a trend reversal to an uptrend.
In the standard C&H pattern, we connect the high after Cup with the high created after the handle. A trend line is drawn by connecting these highest points of the two peaks, which is called as “Neckline". This trend line is the most important component of the pattern.

GAIL

https://www.moneycontrol.com/news/business/markets/inverse-head-shoulder-pattern-in-gail-suggest-buying-opportunity-4830051.html

About me

Mr. Shabbir Kayyumi popularly known as Stockstopp, is a competent

Technical, Derivative Analyst with over 10 years of rich experience in

financial market domains ranging from equity and commodity to forex

trading.


Proficient in classical Dow Theory, Candlestick patterns, Fibonacci, price

projection and inter market analysis for interpreting market trends, though

his strength lies in Elliott wave and NEoWave theory.

He is popular statement, "I am student of market".

Well equipped with identifying early trading opportunities using advance

softwares like Metatrader, Amibroker, SeeDiff, Metastock, AdvanceGET

etc. he has been successful in plotting over thousand charts in past 2 years.


He has successfully developed algos, trading systems and customized

indicators moving across multiple markets that have given positive accurate

results in bullish and bearish markets giving boost to profits and creating a

name for himself in the financial arena. Being an active member of ATMA

and Traderji, he has also given various seminars and written articles on

subjects related to finance.

Nifty's close below the strong support (10,640) will push prices lower towards 10,580 levels...shabbir kayyumi

Nifty's close below the strong support (10,640) will push prices lower towards 10,580 levels...shabbir kayyumi

Nifty little lousy

19 Jun 2017

Friday-Nifty open 9595, made a high of 9616 and made a low of 9565, closed around 9588(-10), movement of only 51 points.

Now, key point for Nifty is 9559. Nowadays talking about Nifty is like a very serious brain storming process. Although Nifty has support around 9550 and resistance around 9650, we expect range bound momentum with positive bias.

Conclusion: Nifty should touch 9630-9650, till it's trading above 9580 levels.

…stockstopp(stockstopp@gmail.com)

Wanna double your money

IFCI :-

IFCI prices are consolidating in  triangle from almost last  7 years, recently we could witness a pattern breakout around 31 levels. One should be bullish in this stock hence forth and opt for ‘buy on dip’ strategy. 

We recommend buy and hold strategy for IFCI with following  targets.

Long Term:- Buy around 30.20/31.70 T1-39 T2-61.70 T3-76 T4-79.50 SL 21.50.

Since it is long term pick and time to achieve final targets would be around 3.5 years. In case of averaging, we will think of it only around 23-24 levels.