Market scenario is positive, everyone will buy now but smart money booked their profit. So in order to be successful trader you must need to think and act like a professional trader. If you liked the concept hit a like and comment your views are appreciable and don't forget to share with your friends and colleagues. -MOHIT RAJANI
HINDUNILVR BUY: 2110; T: 2210, 2350; SL: 2000 It had a support at its long term channel support and the breakout confirms the trade. -MOHIT RAJANI
BHARATFORG High volume on strongest bullish candle at the trend breakout simply implies smart money gets in and the tock had retested its trend and at the support a bullish piercing candlestick pattern is formed and its high is breached. Conservative traders wait to break the green line and buy from 460, and making 425 as SL. -MOHIT RAJANI
As NIFTY had broken the trend, it retest the trend once again to continue the price to flow against the direction of trend. 1D TF also clearly depicts the support zone at 10600 followed by 10000 as explained in previous charts of 1M TF and 1W TF. -MOHIT RAJANI
On 1W TF there is a zone between 10900-10600 from where NIFTY bounces back majority of the times. So we can expect the same action to be followed again. -MOHIT RAJANI
As you can see on monthly chart NIFTY is forming bearish engulfing and most probably it will take a support at 10150 levels (fibonacci 38.2% 1D TF) if it breaks the current support explained in previous chart. If it breaks that level further support will be at 9000 levels. -MOHIT RAJANI
NIFTY had a bloodbath today and exactly retested at a Fibonacci retracement level of 23.6% Now if it breaks this level we can expect NIFTY at 10150 i.e 38.2% retracement . -MOHIT RAJANI
HLEGLAS a perfect multibagger stock which has started its journey and is going on to make new highs. If you can take a little bit risk then you can buy it now on higher high because the sky is open and the acceleration is on. . BUY: 1800, SL: 1652, T=open target . Risk is directly proportional to Reward, high risk you take...better returns you get. . Share with...
Yes it's PFC BUY: 94, T1: 105, SL: 87 . The chart explains a great learning of pressures. . Share with your friends and colleagues and don't forget to hit a like, also your reviews and comments are appreciated. . Disclaimer: Do your own analysis or consult with your financial advisor before taking any action. . -MOHIT RAJANI
MUTHOOTFIN BUY: 1125, SL: 1050, T1: 1250, T2: 1380 . The pattern so formed is Rising Wedge and has a clear breakout. . Buy when stock retest its support trendline. . Share with your friends and colleagues who need to learn how to trade. . A friend in need is a friend indeed. . Disclaimer: Do your own analysis before taking any action. . -MOHIT RAJANI
CUMMINSIND BUY: 484, TARGET1: 520, TARGET2: 620, SL: 444 . If the price sustains above 520, it may go upto 620 as the next target. . Share with your friends and don't forget to hit a like. . -Mohit Rajani
Trend breakout in AMBUJACEM BUY: 217.45, SL: 205, TARGET: 230 . We can see a bullish candlestick Pattern i.e piercing line pattern at the swing low also a clear breakout of trend line with a bullish candle. . Here we can get 1:1 risk reward ratio which is a good opportunity. . Disclaimer: Do your own analysis or consult with your financial advisor before taking...
BANKNIFTY had its correction and taking support at its trend, and is ready to move upwards. Share with your friends and colleagues and if you liked it don't forget to hit a like. -MOHIT RAJANI Disclaimer: Do your own analysis or consult with your financial advisor before taking any action.
As of now NIFTY had retested its 50% Fibonacci retracement level and now if it breaks its swing high of 11492, further levels of 11560 and 11600 will surely gonna get achieved. . More chances are of upside, But if it breaks 11420 than it will test 11330. . Comment below if you agree and if you don't...give reason. Your comments are appreciable. . Share with your...
BALKRISIND BUY@1302, SL@1235, TARGET@1390 As the stock is in its resistance zone, conservative trader just stay away out of it. -MOHIT RAJANI
ADANIPORTS BUY@340, SL@332, Target@360 Most prabably to bounce from the support. -Mohit Rajani
The two probabilities with #BHARTIARTL 1. Bounces from the support (T=540) 2. Breaks the support(T=445) -Mohit Rajani
As Nifty had formed an inverse head&shoulder on 15 minutes chart and today was a day it was sluggish moving in a flag pattern and closed after giving a breakout. Now it signs to move further to 11600 resistance levels. -Mohit Rajani