Piyush-Gupta

Piyush-Gupta

SBIN is able to finally breakout from its 4 month long resistance which is respected 6 times in same period. Stock is trading at 199 with 200 being psychological barrier as well. Once 200 is crossed, it can show good strength. Chart is self explanatory with required levels. Price action trading is a process of using price to analyze stock possible movement. Keep...

Piyush-Gupta

KOTAKBANK has not contributed much to BNF rally and has been trading in a zone for a while. Above 1380, it looks good with next resistance in sight at 1410. Keep this in your watchlist for possible bull run post breakout from level. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that...

Piyush-Gupta

RAMCOCEM is forming lose ascending Triangle pattern in hourly TF and looks bullish post 664. It can give this move tomorrow or this week. Must have on your watchlist. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE". If you...

Piyush-Gupta Updated 

TVSMOTOR formed nice rounding bottom pattern and has given Breakout at 390 levels. Stock moved up to 397 and then did classic pullback and continuation. It is strong bullish above 397 and once 400 hurdle is crossed, upside can be seen in it. Keep it on your radar for Monday. Price action trading is a process of using price to analyze stock possible movement....

Piyush-Gupta Updated 

ESCORTS is trading at life time high. It has formed ascending triangle for past one week and looking strong post 1065. It should sustain above this level for a while to ensure it is not fakeout and probability will increase multi-fold if we see pullback and continuation. Price action trading is a process of using price to analyze stock possible movement. Keep...

Piyush-Gupta Updated 

SIEMENS has given breakout of well formed symmetrical triangle and looks good above 1150. Volume and length of pattern suggest this as high probable trade and should be on your watchlist for Monday. Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important...

Piyush-Gupta Updated 

CENTURYTEX is forming lose SYMMETRICAL TRIANGLE for past 3-4 days. It can have breakout on both side and should be tracked. Strong above : 310.5 Weak below : 304 (300 will act as support) Watch my other ideas to understand simple price action concepts.

Piyush-Gupta

After moving 200 points from 1600 to 1800, RELIANCE has consolidated for a while and looks good another set of move above 1752. Keep this on watchlist for Monday. Keep your chart simple, focus on price movement and stock behavior. More clear the chart you have, better you can stay focused on price action.

Piyush-Gupta

PAGEIND was selected as one of the long candidate for today and was shared with group last evening. (Yesterday's charts is posted below which has date stamp as well) Level for long was given 18380 and it made intraday high of 19470 (1080 points). Stock gave multiple opportunities to book out at this high level and even if you caught 70% of it then it is better...

Piyush-Gupta Updated 

ASIANPAINT gave breakout on Friday but it moved conservatively throughout the day but closed with good volume. This can be good candidate for long on Monday above 1620 & 1630 (safe traders). It can see 1650 levels if this sustains and market has bullish bias on Monday. Price action trading is a process of using price to analyze stock possible movement. Keep your...

Piyush-Gupta Updated 

COLPAL has broken from 3 week long trend line and closed just above it making it strong candidate for early morning trade. Long can be done above 1362 & 1368 (safe trader). Possible targets are 1384, 1394 & 1400 Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on...

Piyush-Gupta

HEROMOTOCO is trying to break its 2year long TL for 6th time. For intraday its good opportunity to enter above 2440 & for swing only if it sustains above 2485 on hourly candle. Market are very volatile these days, either hedge your position or take intraday trades We follow simple price action process to trade short with high probability. Price action is...

Piyush-Gupta

M&M has broken long term trend line with solid bullish candle and volume. If his sustains above 500 in Monday's session, then it should move toward 550/570 targets in coming days/week. Market are very volatile these days, either hedge your position or take intraday trades We follow simple price action process to trade short with high probability. Price action is...

Piyush-Gupta

TATACONSUM has been taking continuous support on trend line which makes it weak and probable to break. 374 is good level if breached for shorting. We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works well. All that is required to master this skill is knowledge of...

Piyush-Gupta

ACC is taking support around 1240 multiple times and same level has acted resistance in past. If ACC falls below 1240, then it will be good for short. Nearest support is as 1220 so this can be good RR trade. We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works...

Piyush-Gupta

TVSMOTOR is testing lower end of bearish flag pattern and if market is bearish on Friday then can be high probable setup for shorting. Short to be initiated below 329.7 with targets around 325, 321 & free fall. There is possibility of retracement as well. We follow simple price action process to trade short with high probability. Price action is trading process...

Piyush-Gupta

STAR is nearing its long term support level of 395 and has already broken psychological support of 400. If this trades below 395 on Friday, then can present good opportunity to short. We follow simple price action process to trade short with high probability. Price action is trading process and it does not need any indicator and works well. All that is required...

Piyush-Gupta

BANKNIFTY was given for long today above 20650 at 12:02PM when it was trading at 20622. Reason for trade was Fibonacci & trend line analysis. Soon enough BANKNIFTY started to move slowly but smoothly & made high of 21196 (550 points). Please note only reason why I post these charts is to show how simple you should keep your charts. Plus it is possible to analyze...