Krish_Kohal

Krish_Kohal

UPL breaks past its short term trend line and also breaks past its 50EMA as well as 200EMA on above average volume which gives us a possibility for a long trade with a favourable risk to reward of 1:2 Target can be taken at the old high Stop loss below the 50EMA Keep It Simple

Krish_Kohal

Tata Power gives a chance for a long trade Tata Power consolidated on a very low volume on the 200EMA for almost a month and has finally broken out on above average volume and has broken past the 50EMA on a small volume spike giving a long trade. A favourable risk to reward of 1:2 by taking a target at the resistance zone and a stop loss under the 200EMA Keep It Simple

Krish_Kohal

After a bloodbath of a week, the markets are recovering and after a 15% fall, BPCl has taken support on its long term support with a high volume bullish candle Moving average does not say much. Stochastic RSI is also in the oversold region giving a long bias. T1 Is the short term target T2 is the Long term target Stop loss below the support level. Keep It Simple

Krish_Kohal

Britannia gives a chance for a long trade after breaking out of its consolidation zone and has now made a pullback to the resistance of that same zone while giving a rejection of the 50ema giving us all the confluence we need Favourable risk to reward with a quick profit Stop loss below 50ema Keep It Simple

Krish_Kohal

Havells has broken out of a flag with pattern after taking support from the 50ema, Although markets are bearish right now, nifty rests on its 200ema and we may see a bounce back throughout these bearish days where most stocks broke structure and fell sharply, havells maintained and consolidated on its moving average showing strength Target: Flags High

Krish_Kohal

Britannia has formed a beautiful bear trap and gives a perfect entry opportunity on above average volume taking support from the base of its triangle pattern. Target can be taken as the height of the triangle. Stop loss below the bear candle Psychology behind the bear trap:On the break of the support, many people would short the market in hopes of it falling...

Krish_Kohal

HDFC has finally broken out of the resistance zone after forming a beautiful golden cross as well as a flag and pole break pattern. Support has been provided by trendline A limit order above the resistance zone and a target of 1589 is a high probability trade. Tight Stop loss below recent candle low. Keep It Simple

Krish_Kohal

TATA power has given a chance again for missed traders by pulling back to the resistance zone on very Low Volume showing the stock was not under heavy selfish pressure. It has also made a pullback to its trednline giving a superb entry price with a quick profit at 256.10 Tight Stop loss at 234.40 Keep It Simple

Krish_Kohal Updated 

Tech Mahindra has formed a beautiful double bottom with a high volume confluence and a valid shakedown which increases the probability of the trade in our favour It is currently resting under the 50EMA, A break of the 50EMA and high marked in red could see a potential to the upside with targets 1150 and 1250 for a longer trade. Stop loss below the pullback...

Krish_Kohal Updated 

Axis Bank recently broke out of a beautiful double bottom with long term trendline support and has made a pullback and taken support on the 200EMA giving a possibility to add to new positions or take a long trade if the first oppertunity is missed. Traget: 800.65 which is the double top level from where axis bank fell in the recent bear market 1:2 risk to...

Krish_Kohal

INFY finally breaks out of its long term resistance zone AGAIN after breaking past the 50EMA on above average volume. Very favourable risk to reward with the stop loss below the 50EMA Target near the recent breakout high. Keep It Simple

Krish_Kohal

INFO EDGE has been respecting the trendline since a long time and has always hit the lower channel followed by hitting the upper channel which gives an opportunity for a quick profit following past data and all done on above average volume. Support of 50EMA and trednline provide enough confluence for a quick long side trade targeting around 4591.45 Tight stop...

Krish_Kohal

HCL tech broke past its long term trendline and made a retest while forming a reversal candle and has now broken out after a tight box consolidation. Limit order could be placed right above the 50ema for a quick profit at 948.60 for 1:1.5 risk:reward Keep It Simple

Krish_Kohal Updated 

Shreecement has formed a beautiful cup with handle pattern - U shaped Cup - Dried up volume at formation of handle - Handle formation above 10MA Target: T1 at 22394 and T2 at 26219 Stop loss: 19453 company is fundamental strong as well following the CANSLIM stratergy Keep It Simple

Krish_Kohal

After the previous post on Ultratech where the target was hit beautifully, it has given another break after having a TIGHT consolidation during the formation of a triangle after support from the 200 EMA constantly. Very High probability with a possibility of a Golden Cross coming in. Target to Next High Of 7497 Stop loss inside triangle. Keep It Simple

Krish_Kohal

BPCL has beautifully respected its uptrend after taking support from a long term trendline and 50EMA during the pullback after successfully creating a head and shoulders as updated on my previous analysis of BPCL. All of this done on above average volume Traget at 346.75 which is the recent high Stop Loss: Below 50EMA Keep It Simple

Krish_Kohal

UPL Has formed a beautiful double bottom pattern with its first support off the 200 EMA and second off the long term trendline. UPL has given a double confluence 1. Rejection candle and respect of the long term trendline 2. Golden Cross( Crossing of 50EMA and 200EMA) A long position can be taken on break of the resistance zone Risk To Reward of 1:2 or a more...

Krish_Kohal

Beautiful number of confluences have been shown by NAUKRI 1. Support of the 50EMA 2. Support of the trendline 3. Break of 200EMA 4. Very favourable and quick risk to reward ratio All this was done on above average volume making a high probability for a long trade. Target should be at the next level of confluence 4881. Keep It Simple