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Arrowmoney

Joined Feb 2019


Arrow Money is a Blog for Technical Chart Analysis of Indian Market.
We are NISM Certified Research Analyst. We are not SEBI registered Analyst/Advisor.
All analysis are only for Internal Educational Study Purpose.

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@ArrowMoney • Reputation: 2,741

IDX:NIFTY 50 - chart - 557160
Nifty View for Upcoming week
- Holding Trend Line Support of Daily chart near 12100
- Holding 50DMA=12119 as Support and Seen Good Reversal after test
- After 3 days Profit booking fall, Seen Recovery till Fibonacci Retracement Level 50%=12259,
- Further bullish Momentum may lea...
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@ArrowMoney • Reputation: 2,741

AMARAJABAT - chart - 551172
AmaraRaja
- Weekly chart shows Multiple Breakouts
- Weekly Trend Line Breakout
- Bullish Head & Shoulder Pattern Breakout near 780
- Testing 200DMA=799 on Weekly chart
- Breakout above this may lead Strong Momentum towards 820-840 Levels
- Next Weekly Resistance zone: 860-908 to...
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@ArrowMoney • Reputation: 2,741
Arrowmoney in ICICIGI
ICICIGI - Channel Breakdown seen today on Dail...

ICICIGI
view Posted on 21-Jan-2020
After Channel Breakdown, tested 100DMA=1303.23 today
and seen small Bounce
Once breakdown this may test Weak Support zone: 1292-1282
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@ArrowMoney • Reputation: 2,741

ICICIGI - chart - 547414
ICICIGI
- Channel Breakdown seen today on Daily chart
- Also Horizontal Support Breakdown seen at 1135 Levels
- Further Sell off may lead to test 100DMA=1301 Levels
- Below this Weak Support zone: 1292-1282 to test & hold
- MACD Line below Zero
Disclaimer: All the View/Study Giv...
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@ArrowMoney • Reputation: 2,741

PNBHOUSING - chart - 533961
PNB Housing
- Clear Down trend Channel on Daily chart
- Testing Trend Resistance near 490-495 Levels
- 50DMA Act as Resistance on Daily chart Near 493
- fall from these levels may lead to test
Strong Support zone: 410-370, & Expected some Reversal Pattern after testing the zone
...
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@ArrowMoney • Reputation: 2,741

RELIANCE - chart - 533958
Reliance (View only)
- Forming Bearish Head & Shoulder Type of Pattern
- Next Support Level 1498 to test
- Breakdown below this can test Support zone:
(i) 1472-1455
(ii) 1439-1422
- Price Sustaining below 50DMA today
- RSI Sideways
- Fall in Heavy Weight Reliance, may lead Nifty...
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@ArrowMoney • Reputation: 2,741

IDX:NIFTY 50 - 521680
Today's Brokerage Reports 9-Jan-2020
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@ArrowMoney • Reputation: 2,741

WIPRO - chart - 517223
Wipro (View only)
- Forming Cup & Handle Pattern on Daily chart
- Trend Line Resistance Breakout also shows above 255
- Further Bullish Momentum in IT Sector can lead this stock to test Next Resistance Level 260
- Above 260 can test 200DMA=262
OI Data: 260 Resistance, 240 Suppor...
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@ArrowMoney • Reputation: 2,741

IDX:NIFTY 50 - chart - 513300
Nifty View for Upcoming Week
- Seems Sideways Narrow Range 12290-12155
- Holding Trend Line Support near 12188
- Breakout above 12300 can lead to 12420-12500 New High Levels
- Weakness may start only on 12000 breakdown
- Increasing Volatility due to US-Iran Geo-Political Tensio...
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@ArrowMoney • Reputation: 2,741
Arrowmoney in BALKRISIND
Balkrishna Ind View posted on 28-Nov-19 From Pr...

Balkrishna Ind
View posted on 28-Nov-19 From Price 923
13-Dec-2019 Achieved First Level 960
After some consolidation
Now Made High 990
Almost Ready to test Next Level 1000
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@ArrowMoney • Reputation: 2,741
Arrowmoney in WIPRO
Nifty IT Index - Looks weak on chart - Reversa...

Nifty IT Index
Weakness View Posted on 24-Dec-2019
In Last 3 Sessions Total Move seen
Nifty IT Index -1.40% 🔻
TCS -2.92% 🔻
HCLTECH -2.71% 🔻
Wipro -2.99% 🔻 (Wipro: Detailed view given to Premium Members only)
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@ArrowMoney • Reputation: 2,741
Arrowmoney in RELIANCE
Reliance - On Daily chart Formation of Double ...

*Reliance*
*Gap-fill Completed 1528-1514*
Made Low 1512 🔻
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@ArrowMoney • Reputation: 2,741
Arrowmoney in NIFTY-50
Nifty As View posted on 17-Dec-19 About Nifty ...

*Nifty*
As view posted in weekend
seen Overbought
was Expecting One Correction of 100-150 Points
*From 12300 to now near 12100, More than 150 Points Correction Completed in this week* 👍
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@ArrowMoney • Reputation: 2,741

RELIANCE - chart - 497981
Reliance
- On Daily chart Formation of Double Top Pattern Near 1614 Levels
- Strong Gap-down and Breakdown of Trend Line Support of Daily chart
- Now Heading to fill the Pending Gap 1528-1514
- Breakdown this can lead to test 50DMA=1505 Level
- Next Strong Support zone: 1470-145...
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@ArrowMoney • Reputation: 2,741

WIPRO - chart - 495097
Nifty IT Index
- Looks weak on chart
- Reversal Patterns form near Daily Resistance zone
- Profit booking fall or Retracement Possible in IT Heavy Weight Stocks
TCS
HCLTECH
Wipro
Disclaimer: All the View/Study Given from Arrowmoney are only for Educational study purpose. Consult...
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@ArrowMoney • Reputation: 2,741

IDX:NIFTY 50 - chart - 492955
Nifty
As View posted on 17-Dec-19
About Nifty Bullish Head & Shoulder Pattern on Daily chart
as Expected After breakout Nifty Almost Achieved 12200-12300 Levels in this week
Now,
- Nifty Shows Overbought on Daily chart, with Loosing Momentum at higher Levels
- RSI Also shows Sid...
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@ArrowMoney • Reputation: 2,741
Arrowmoney in NIFTY-50
Nifty Daily chart view - As Expected Holded La...

*Nifty Daily chart view posted in weekend*
After Range Breakout above 12160
*Nifty Achieved 12200*
*Today Almost Achieved Second Level 12300 also* 👍
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@ArrowMoney • Reputation: 2,741
Arrowmoney in TECHM
TechM - Strong Triangle Consolidation Pattern ...

TechM
As View posted on 13-Dec-19
Today Gap up Opening above 780 and Achieved First Level 792
Next Level to test 810.
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@ArrowMoney • Reputation: 2,741

HINDUNILVR - chart - 487631
HindUnilever
- After Triangle Consolidation breakdown
- Broken 100DMA=1952 today
- Today broken first Support zone: 1962-1927 on Daily chart
- Expecting this Fall may lead to test Next Daily Support zone: 1843-1793 in coming days
OI Data: 1900 Weak Support, 2000 Resistance
Discl...
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@ArrowMoney • Reputation: 2,741

IDX:NIFTY 50 - 487008
Today's Brokerage Reports 18-Dec-2019
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