AbhayRege0703

AbhayRege0703 Updated 

1. In a long term uptrend as per 200 SMA. 2. In accumulation phase for last 3 months. Have made a wonderful bullish head and shoulder pattern. 3. On day TF, it has given a breakout today with closure above previuos resistance leve with higher volume. 4. Entry can be made above high of breakout candle; Entry: 796; SL: 766; Target: trail as per 9 EMA, as it gets into profit.

AbhayRege0703 Updated 

1. Long term uptrend as per 200 DMA on day TF 2. Support at 38% of Fib; with double bottom formation which is sign of reversal 3. Accumulation for couple of weeks. this usually haapens when a big player wants to build their postion 4. Breakout from sideways with a conclusive canlde with higher volume SL of merely 4%; entry above high of breakout candle; target -...

AbhayRege0703

1. Prior uptrend on Day TF with 200 SMA. 2. Sideways for arounf 3 weeks and have given decisive breakout today with higher volume 3. Note that after few days of sideways, it has dipped for couple of days. This is shakeout to eliminate weak buyers in the market. Hence, strong buy on today's breakout. 4. Buy above high of day candle and SL below the same candle...

AbhayRege0703

Rational: Sector is outperforming the overall market. On Day TF: 1. Breakout after around 3 months. 2. Expected to continue previous uptrend after a pullback and accumulation. 3. Breakout of important level with strong candle supported by substantially high volume. 5. Entry above the high of breakout candle & SL to be the low of same candle; hence SL would be less...

AbhayRege0703

Pharma sector is one of the resilient sector in current market condition. 1. After fall for almost couple of months, its showing reversal signs. Made a double bottom at 38% of fib level. 2. After double bottom formation, consolidating sideways, even when Nifty was falling. This shows interest of big players and there accumulation. 3. Today, it has broken out of...

AbhayRege0703

Rational: 1. Pharma sector is one of the resilient sector in current market fall. 2. Returning to this price level after 2 months. For the third time at this level and trying to breach the level for last 3 days. 3. Entry at the breakout of this level with SL of around 4.4%. Entry : 1370; SL: 1310; Target: Trail as per 9 EMA.

AbhayRege0703

Rational: After a stiff fall for few days, have started giving reversal signs. On Day TF, has made bullish double bottom silently; and now consolidating for accumulation in narrow range. Entry at the breakout of this short range with SL of around 5.5%. Entry : 7160; SL: 6766; Target: 8350.

AbhayRege0703

Rational: 1. Sideways movement almost for 3 months by now. 2. On Day TF, has made bullish double bottom and now consolidating for accumulation in narrow range. 3. Entry at the breakout of this short range with small SL of around 3 %. Entry : 7355; SL: 7140; Target: Follow thru with 9 EMA.