AbhijitMukherjee

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About me Primarily Index trader. Give a few stock calls every now and then. Tend to shadow the smart money which guides the markets!
Joined
A ship in harbor is safe, but that is not what ships are made for
Markets Allocation
95 % stocks 5 % indices
Top Mentioned Symbols
TATASTEEL 4% | 1 IPCALAB 4% | 1 MUTHOOTFIN 4% | 1 HINDUNILVR 4% | 1
AbhijitMukherjee AbhijitMukherjee MUTHOOTFIN, D, Long ,
MUTHOOTFIN: Mutthoot, brekaing out of wedge?
66 0 4
MUTHOOTFIN, D Long
Mutthoot, brekaing out of wedge?

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

AbhijitMukherjee AbhijitMukherjee CIPLA, D, Long ,
CIPLA: CIPLA climbing!
26 0 2
CIPLA, D Long
CIPLA climbing!

Take sequential targets 579 and 585. Stops at 565

AbhijitMukherjee AbhijitMukherjee TATASTEEL, D, Long ,
TATASTEEL: TATA STEEL looks good!
39 0 1
TATASTEEL, D Long
TATA STEEL looks good!

Buy with T1 571 and T2 576. SL 559

AbhijitMukherjee AbhijitMukherjee UPL, D, Long ,
UPL: UPL: Breaking out of wedge?
35 0 2
UPL, D Long
UPL: Breaking out of wedge?

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

AbhijitMukherjee AbhijitMukherjee APOLLOTYRE, D, Long ,
APOLLOTYRE: Apollo Tyres looks good!
41 0 1
APOLLOTYRE, D Long
Apollo Tyres looks good!

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 AbhijitMukherjee FRETAIL, D, Long ,
FRETAIL: Future Retail: Heading higher
50 1 2
FRETAIL, D Long
Future Retail: Heading higher

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 AbhijitMukherjee HDFC, D, Long ,
HDFC: HDFC: Play the trend!
46 0 2
HDFC, D Long
HDFC: Play the trend!

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 AbhijitMukherjee BANKNIFTY, W,
BANKNIFTY: BANKNIFTY Long Term View
72 0 3
BANKNIFTY, W
BANKNIFTY Long Term View

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 AbhijitMukherjee PIDILITIND, D, Long ,
PIDILITIND: BUY PIDILITE CMP:814 TGT:823 SL 808 (INTRADAY 14/6/17)
28 0 2
PIDILITIND, D Long
BUY PIDILITE CMP:814 TGT:823 SL 808 (INTRADAY 14/6/17)

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

AbhijitMukherjee AbhijitMukherjee HEROMOTOCO, D, Short ,
HEROMOTOCO: SELL HEROMOTO CMP:3752 TGT: 3704 SL:3779 (INTRADAY 14/6/17)
23 0 1
HEROMOTOCO, D Short
SELL HEROMOTO CMP:3752 TGT: 3704 SL:3779 (INTRADAY 14/6/17)

Obvious retracement. Targeting 23% levels

AbhijitMukherjee AbhijitMukherjee WIPRO, D, Short ,
WIPRO: SELL WIPRO CMP: 545 TGT: 533 SL: 552 (INTRADAY 9/6/17)
42 0 3
WIPRO, D Short
SELL WIPRO CMP: 545 TGT: 533 SL: 552 (INTRADAY 9/6/17)

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 AbhijitMukherjee COLPAL, D, Long ,
COLPAL: BUY COLPAL CMP: 1076 TGT: 1095 SL: 1064 (INTRADAY 9/6/17)
28 0 1
COLPAL, D Long
BUY COLPAL CMP: 1076 TGT: 1095 SL: 1064 (INTRADAY 9/6/17)

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 AbhijitMukherjee ASIANPAINT, D, Short ,
ASIANPAINT: SELL ASIAN PAINTS CMP:1143.6 TGT: 1121 SL: 1157 (INTRA 9/6/17)
48 0 1
ASIANPAINT, D Short
SELL ASIAN PAINTS CMP:1143.6 TGT: 1121 SL: 1157 (INTRA 9/6/17)

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 AbhijitMukherjee M_M, D, Long ,
M_M: BUY M&M CMP: 1432 TGT: 1445 SL: 1425 (INTRADAY 8/6/17)
27 0 0
M_M, D Long
BUY M&M CMP: 1432 TGT: 1445 SL: 1425 (INTRADAY 8/6/17)

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 AbhijitMukherjee HINDUNILVR, D, Long ,
HINDUNILVR: BUY HUL CMP:1106 TGT 1120 SL:1098 (INTRADAY 8/6/17)
26 0 1
HINDUNILVR, D Long
BUY HUL CMP:1106 TGT 1120 SL:1098 (INTRADAY 8/6/17)

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 AbhijitMukherjee BHARATFORG, D, Long ,
BHARATFORG: BUY BHARAT FORGE CMP: 1210 TGT: 1230-1240 SL:1200 (INTRA:8/6/17)
73 0 3
BHARATFORG, D Long
BUY BHARAT FORGE CMP: 1210 TGT: 1230-1240 SL:1200 (INTRA:8/6/17)

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 AbhijitMukherjee INDIGO, D, Long ,
INDIGO: BUY INDIGO CMP: 1113.8 TGT: 1138 SL: 1103 (INTRADAY 7/6/17)
39 1 1
INDIGO, D Long
BUY INDIGO CMP: 1113.8 TGT: 1138 SL: 1103 (INTRADAY 7/6/17)

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 ...

AbhijitMukherjee AbhijitMukherjee ESCORTS, D, Long ,
ESCORTS: BUY ESCORTS CMP: 751 TGT: 766 SL: 743 (INTRADAY 7/6/17)
67 1 3
ESCORTS, D Long
BUY ESCORTS CMP: 751 TGT: 766 SL: 743 (INTRADAY 7/6/17)

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 ...

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