Akshay15

Akshay15

Tata motors has hit a double bottom on daily chart, In my opinion it makes a good risk-reward buy case here.

Akshay15

UJ had a big short squeeze on Friday on NFP report. Speculators remain net short on Yen till date. I would wait for a UJ to break above down ward sloping trend line to take a long position on the pair.

Akshay15

Traders have done an open encounter of US Dollar(full shootout), US Dollar is getting shot down almost everyday after US data comes out. US Dollar is oversold on almost every parameter this raises the risk of Short Squeeze, more specifically against Japanese Yen, as you can see from the chart it is near multiple support levels. That makes it attractive trade on...

Akshay15

Apollo Tyres is trading inside the narrow triangle, it will either breakout or breakdown from here. Whether it's a breakout or breakdown be ready to trade in the direction of the move.

Akshay15

UPL is facing resistance 875 levels, plus momentum is also slowing down. planning to short the stock with SL around 875.

Akshay15

GBPUSD is on the verge of making a Big Breakout. This move can turn out be a game changer for GU major trend reversal is on the cards. GU is breaking out of downward sloping trend line which is there since Sep 2015. First Target is around 1.30 which I think it will easily cross & after that move as far as 1.34.

Akshay15

Hindalco has been consolidating between 180-200 range. Today it has successfully managed to close above this consolidation range. Good OI addition was also seen in July futures contract. As this move has come out of big consolidation it is going to be strong upmove. As a disclosure I am also holding Long positions in July futures.

Akshay15

I have drawn here trend line that goes as far as 1993. Nifty now is trading very close to the upper level of that line. Past 2 times when Nifty came touched this line it faced a decent correction. This trend line also gave correct signal to get out before 2007-08 bear rally. Nifty Going above this trend line seems highly unlikely. It is wise to get out before...

Akshay15

SAIL has corrected form highs & now is near support level of trend line that is almost 1.5 year old & has taken support 4 times near it. Metal Index looks good as well, and SAIL is good risk-reward buy.

Akshay15

Banknifty has been going up along with resistance line which is there since 2010 & every time it touched that line it corrected at least 6000-7000 points, will it happen this time as well i don't know but one thing for sure don't expect BN to outperform from here & expect it to cross 24000 mark. In fact nearer highs to 24k book profits in bank stocks & short the...

Akshay15

vedanta is taking good support at short term trend line & today it has broken from downward sloping trend line.

Akshay15

As can be seen from the chart that nifty has been taking trend line support since February. This trend line is short term support for nifty if that is taken out tomorrow you can have deeper correction. Short put positions too got covered today, which indicates more weakness is coming.

Akshay15

Looking at the ratio chart of reliance to mindtree it seems that reliance is picking momentum against mindtree. Two stocks are not correlated so it may not be a better idea to pair trade, but idea here is to buy under performer which is picking momentum against out performer.

Akshay15

Reliance industries has been consolidating near 1320 for some time now, but now looking at ROC moving above it's average relaince industries would again break on the upside with strong momentum.

Akshay15

Asian Paint is in the process of making double top on daily charts. Short recommended with 1182 SL.

Akshay15

It seems that in concor distribution is going on at higher levels. Yellow area marked as congestion zone marks a cluster bubble building once price breaks below it you can see strong sell-off in CONCOR. Not to mention momentum has weakened too.

Akshay15

The stock of titan has been trading flat for some time now taking support near 50-day EMA, but momentum is weakening on daily chart. ROC has entered negative territory and is below average. Shorting at higher levels offers good risk-reward.

Akshay15

The stock of Maruti Suzuki has gone parabolic, as can be seen from trend lines slopes of which has been steepening with every move. Yesterday it has broken from it's trend line support plus momentum is also weakening as can be seen from Squeeze Momentum Oscillator.