MohitKakkad

MohitKakkad Updated 

Simple analysis:- 1. RSI above 60 2. Volumes more than 20 day Moving average 3. Fib extension 1.618 indicates a near term target of around 776 4. Continuous up trend since May and June as can be seen in higher tops and higher bottoms / upward sloping trendline News today :- Results are good for the quarter ending June 2020 Follow, like, share and comment if you...

MohitKakkad

Bank Nifty looks bullish on the charts NSE:BANKNIFTY Simple analysis 1. RSI above 60 2. Cluster support indicated by horizontal line and fib retracement levels 3. Upward move on trend line break indicated by the downward trendline break 4. Unbroken uptrend indicated by the upward trendline 5. Big green candle Do share this post, follow me, like and comment...

MohitKakkad Updated 

Long Cipla 1. Fibonacci retracement level of 61.8% broken 2. 5SMA above 20SMA indicating uptrend 3. Weekly RSI above 60 4. High volume 5. Green candle forming bullish engulfing patter Target around 680 Stoploss 3% (can vary as per individual risk management) Do like, follow and share if you like my posts

MohitKakkad

Long term perspective Further down side expected in Tata Motors Basis:- 1. 5 day SMA below 20 SMA indicating downtrend 2. RSI on monthly and weekly chart below 40 3. Negative reverse divergence indicated by RSI forming higher bottoms and the chart forming lower bottoms (marked with black arrows) 4. Good red volumes The chart in the post is candlesticks. Reverse...

MohitKakkad

Long some USD / INR Basis:- 1. Monthly and weekly RSI above 60 2. Unbroken uptrend indicated by trend line and 5SMA crossing 20 SMA from bottom 3. Hammer like candle formations indicated by arrows 4. Good volumes indicated by arrows 5. Fibonacci retracement level of 61.8% and 78.6% crossed Target indicated by Horizontal line around 77 INR Stoploss as per...

MohitKakkad Updated 

Buy at current level around 2500 Target around 2760 supported by Fibonacci extension Horizontal lines indicate buying price and targets Risk management as per your risk appetite (I consider 5%) Basis 1. Trending up as per SMA crossover 2. Monthly and weekly RSI above 60 3. Decent volumes 4. Volatility is high Simple trade analysis Do like, share and comment to...