AMIT-RAJAN

AMIT-RAJAN

Hello guys today here I am sharing about RENKO charts for what is RENKO chart what are the uses and what are the benefits of this chart type. So that is why I am using RENKO chart for this publication. WHAT IS RENKO CHART (INRTRODUCTION)-: A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and...

AMIT-RAJAN

Hello guys here I am sharing a very interesting topic for which we heard and discuss many times and that is Compounding my dear friends so I am trying to share few things about it below-: WHAT IS COMPOUNDING-: Compounding is the concept of continually reinvesting the earnings from an investment to generate more earnings, which are also reinvested to earn more,...

AMIT-RAJAN Updated 

BANKNIFTY The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so I tried to find out some key levels of supports on both parameters below PRICE ACTION SUPPORTS-: Support 1- 41856 Support 2- 40855 Support 3- 39690 MOVING AVERAGES SUPPORTS-: EMA 20- 43068 Status Breached EMA 50- 42153...

AMIT-RAJAN Updated 

Hello guys here I am trying to share few Resistance and Support based levels for Nifty spot as we all know that buy side executions we can execute on the basis of after resistance breakout and close above same as for sell side possible execution when it break support and close below. For buy after breach Resistance we can take next resistance as target and on sell...

AMIT-RAJAN Updated 

Nifty The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so i tried to find out some key levels of supports on both parameters below PRICE ACTION SUPPORTS-: Support 1- 18127 Support 2- 17850 Support 3- 17384 MOVING AVERAGES SUPPORTS-: EMA 20- 18403 Status Breached EMA 50- 18188 Status...

AMIT-RAJAN

MCX is looking that next breakout will happen very soon in this stock so I try for how when and why logic in this chart, as we can see on daily chart I am sharing below that it was a clear breakout on at 1490 levels so after that breakout it continue trading in parallel channels and each time when it breaks pervious channel it shift it's trading in to new channel...

AMIT-RAJAN Updated 

Balram looking good on weekly chart by breaking a falling resistance trendline and breaking a major hurdle on RSI indicator which it faced resistance many times at the same levels so we can see a good bullish momentum in this stock for the target of 405 and 430 in it... “The goal of a successful trader is to make the best trades."

AMIT-RAJAN

Hello mates and friends as we all know that there are multiple time frame charts we can use in trading like for technical chart analysis, chart patterns and taking a trade but sometimes I see that many of people are using wrong time frame chart for above mentioned things so here I want to try share some information based only on mine knowledge. 1- Monthly chart-:...

AMIT-RAJAN Updated 

Here I am sharing the daily chart of National fertilizer it gives a bullish breakout on daily time frame on horizontal resistance with good volume jump in it so what it could do next for us? what I analyze on this chart is that there are two probabilities sharing below Probability One-: It can god straight to target of 74 levels from current price which is about...

AMIT-RAJAN Updated 

Dabur India gives a super bullish move today and gives a strong breakout above strong resistance and closed above too but somehow I missed this move so what I am expecting now is that it will give a breakout retest on it's breakout zones of 580 levels so that could be good opportunity to enter in this stock with the target of 602 and 626 and the stop loss will be...

AMIT-RAJAN Updated 

Bharat forge is looking good on daily chart by breaking falling trendline resistance and gives a good close on above that it seems that we can see bullish momentum will continue in this stock so I identified a target on further standing resistance over there and one more target identified on basis of previous trend calculations.

AMIT-RAJAN Updated 

MCX is looking strong on weekly chart by breaking falling and horizontal resistance trendlines both with good volume jump in it and Bollinger bands is also giving a breakout looking supported for coming bullishness in this stock. Cause of Long-: 1- Falling resistance trendline breakout. 2- Horizontal resistance trendline breakout. 3- Bollinger Bands breakout.

AMIT-RAJAN Updated 

Berger paints looks good for tomorrow's session as a intraday trade with good risk to reward ratio as we can see it gives a resistance breakout and closed above on that in 15 minute chart timeframe so we can consider this as Intraday trade with buying range of 621 to 623 for the target of 630 stop loss should be placed at 618 after when buy will be...

AMIT-RAJAN Updated 

Yes bank breached a strong horizontal trendline after so long time and gives rounding bottom breakout after a long period of consolidation and downtrend now it is looking strong again, on Bollinger band indicator it gives a breakout on it's upper band of that indicator and volumes are also very encouraging so we can see it could play a strong momentum for upside...

AMIT-RAJAN Updated 

Fact gives a super bullish move today and gives a strong breakout above strong resistance and this is noticeable that this is it's All time high breakout too and closed above too but somehow I did not noticed this bullish move and did not traded so now what I am expecting is that it that we are having two opportunities that it could retest it's current breakout...

AMIT-RAJAN Updated 

HONAUT gives a breakout on horizontal trendline resistance and gives a close on above that trendline at the same time giving a Bollinger band breakout too gives a close on upper Band of it so we can see coming bullish momentum in this stock. Bollinger band resistance and next horizontal resistance indicating almost same targets which I tried to mentioned...

AMIT-RAJAN Updated 

Here on weekly chart Redington gives a beautiful all time high Breakout and sustained above strongly on the basis of weekly closing above on that resistance trendline on coming Friday we can consider as a fresh entry in this stock, what I observed by the previous trend after breakout of all time high in this counter that it gives almost 60% runup after when that...

AMIT-RAJAN Updated 

Bank of Baroda looking good on weekly chart by breaking a strong horizontal resistance and currently trading above on that i identified some resistance standing over there could act as a further coming targets in this stock and too identified a strong support zone area as for accumulation zone but clearly it seems that bullishness will continue in this...