AbhijitMukherjee

AbhijitMukherjee Updated 

Good momentum with volume. Buy with T1 485, T2 493 SL 470.

AbhijitMukherjee Updated 

Buy with T1 571 and T2 576. SL 559

AbhijitMukherjee Updated 

Take sequential targets 579 and 585. Stops at 565

AbhijitMukherjee Updated 

Great close today with bullish (volume, candlestick, RSI breaking above 60) close above crucial resistance of 261. Look for targets of 270+ in 1-2 sessions

AbhijitMukherjee Updated 

Targets near 900, Sl, 873, Timeline 1-2 sessions

AbhijitMukherjee

Seems to have broken recent resistance levels. Ichimoku indicator suggests that trend is got fresh life especially since the lagging indicator i.e. senkou line is now clear of recent price action zone. Plus huge volumes through this wedge like pattern breakout suggests a buy. Expect targets of close to 460 in next few trading sessions. Positional traders can even...

AbhijitMukherjee Updated 

HDFC is definite uptrend channel. Pure price action suggests decent trade available for 5/7 or a profitable swing trade for this month's futures contract. But observe Ichimoku. 1. Chikou (Lagging Indicator/Light green line) is well clear of price and upward pointing. Bullish 2. Kijun Sen (Red line) is a very strong support. Price seems to have rebounded. (Candle...

AbhijitMukherjee Updated 

Weekly chart suggest bull run firmly in tact. Today's price action made a slight Harami sort of pattern which is a little troubling. Possibly nearing expiry means the usual uncertainty. However as long as trendline holds, every dip is a buying opportunity towards this trendline. Further, while MACD/RSI suggests that the bull run is tiring, Heiken-Ashi candles...

AbhijitMukherjee Updated 

Broken out of temporary rectangular range. Good volume buildup+MACD+Heiken Ashi bar formation. More importantly, bullish close above range.

AbhijitMukherjee Updated 

Obvious retracement. Targeting 23% levels

AbhijitMukherjee Updated 

Extremely bullish momentum verified by indicators. Price Action showing Higher lows and higher highs. Expect this to continue before market finds a top. Keep SL around 1064 and book profits nearing and above 1090

AbhijitMukherjee Updated 

Definitely appears in retracement territory. There has been a prior retracement of 38% on a previous rally and here too, the 38% seems like the next logical target. Stop loss is a little to avoid getting whipsawed. Cautious traders can use tighter/trailing stops

AbhijitMukherjee Updated 

Bearish Engulfing pattern formed with significant volume. Closed near day's low. MACD in imminent bearish crossover. Aggressive trade, keep trailing stops and use indicated zones to book profits. Dow theory suggests that this could be the completion of Double top pattern with significant resistance at 1170 levels

AbhijitMukherjee Updated 

Today was a tremendous upmove for Bharat Forge. I studied this chart yesterday and concluded that today's was going to be a make or break day. Please observe carefully how it has been in a beautiful, steady uptrend pattern. There is mid-support line as well which has time and again changed fortunes for short term traders. Note that 1210 has been shown to to be...

AbhijitMukherjee Updated 

25th April onwards HUL has been moving in a sharp, yet consistent rally. Every few sessions it has formed Marubuzos with decent volumes implying that the stock has nothing to pull it back, atleast not temporarily. Last session, it opened and closed above previous high which is positive for the trend. Heiken Ashi candles suggest continuation. Keep a stop at about...

AbhijitMukherjee Updated 

Still in bullish MACD crossover with positive RSI. Heiken Ashi candles suggest continuation of rally. Keep stop losses between 1425 and 1422 zone to avoid getting whipsawed. Minor sideways pattern broken with bullish close on 7/6. Take profits anywhere beyond 1440. Not ruling out higher highs upwards of 1450, but that would need considerable volumes.

AbhijitMukherjee Updated 

After breaking out from sideways movement, stock rallied and then retraced 62%, only to rally again to greater highs. Trend following indicators signal long term trend intact. Price Action suggests Doji formation gives a chance to enter since Heiken-Ashi chart shows strong indication of trend continuation. Again, no naked buying, keep stop losses in mind. If you...

AbhijitMukherjee Updated 

Currently in Bullish MACD crossover with decent volumes. Seems to have entered a temporary sideways zone after decent rally. Note that there is good support zone formed between 1103 and 1108 which can be used for SL depending on risk appetite. Take targets anywhere between 1130 and 1138. Not ruling out an upward breakout here but typically sideways movements...