Piyush-Gupta

Piyush-Gupta

BAJAJFINSV was my pick today (along with MCX) for long and it was alerted at 9:58AM to go long above 4862. It was trading at 4842 when it was notified. It took around 1hour to trigger but it was worth the wait as 2 BAJAJ brother were on fire today. It sailed seemingly from 4862 to 5238 (374 points). Although it is not possible to predict exact top for a stock so...

Piyush-Gupta Updated 

MGL is looking good for long above 980. It has long term resistance at 985, if this is broken then it has possibility of good move. This study is purely based on simple support & resistance analysis. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good...

Piyush-Gupta Updated 

BAJFINANCE is near long term resistance at 1980. If it sustains this level then it can go to 2045-2055. If market sentiment is positive on Monday, then it will high probable setup. This study is purely based on simple support & resistance analysis. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from...

Piyush-Gupta

SBILIFE is making higher high and has closed near important resistance. Above 781, this looks for long. This study is purely based on simple support & resistance analysis. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results. If you wish to learn...

Piyush-Gupta

PFC is a weak stock and it was successfully trade last week as well when it broke our support line. Now this is getting ready for another move if it breaches 74. Must have for watchlist. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results. If you...

Piyush-Gupta

STAR is has long term support at 395 and is good candidate for short below 394.5. 385 is nearest support if it fall and this can be achieved in a day or two. If market is bearish then it will be added advantage for this trade. This study is purely based on simple support & resistance analysis. Price action is very simple to understand and main focus is...

Piyush-Gupta

BAJFINANCE was given for long at 10:21 AM above 1954 (CMP was 1940). Soon enough in next 3 min it was triggered and moved smoothly to 1980 in next 20 mins. Resistance area was updated to student group at 1975-80 and stock reversed from same level (highlighted by pink line). This level of 1980 was there in my previous chart as well, posted 2 days ago. Detailed 3...

Piyush-Gupta

BALKRISHIND was given for long at 11:02AM above 1097 when it was trading at 1095. It took considerable time to break out unlike most recommendations but it was worth the wait. As I was occupied my day job, was not able to track and update on new levels as I have informed earlier as well that breakout levels change with time. Since this breakout took 3 hrs, new...

Piyush-Gupta

BAJFINANCE was given for long at 10:29 when it was trading at 1841 and soon after in next 10 mins it jumped to 1889. Although I booked at 1884 but target was notified at 1910-20 and it slowly moved its way to target and beyond creating high of 1941. Detailed 5 min chart which was used for this simple price action analysis is below. There were many other...

Piyush-Gupta Updated 

BAJFINANCE has broken out from descending triangle on Friday and has given weak closing. For Tuesday it this retraces to 1925 - 1915 zone and then start moving down, then it will be best case to short. Next support as identified on weekly chart is around 1820-1825. Keep a watch on this. If market turns out weak on Tuesday then it will one of the high probable...

Piyush-Gupta

HAVELLS did 61% retracement of its fall and took resistance at exactly 38.2%. Now it is coming to same low levels from where retracement started. HAVELLS can be good candidate for short below 455 on Tuesday. If market turns out weak on Tuesday then it will one of the high probable trade. Price action is very simple to understand and main focus is price/patterns....

Piyush-Gupta

HINDZINC has been hovering around same levels for a while and looks promising for breakdown. If moves below 163.8 then it can see fall. Safe traders should should wait for 162.5 as that is its last support point in mid term. If market turns out weak on Tuesday then it will one of the high probable trade. Price action is very simple to understand and main...

Piyush-Gupta

MARUTI has given breakout and bullish closing on Friday. If on Tuesday this sustains above 5155 - 5160 then it can be good candidate for long. If market turns out strong on Tuesday then it will one of the high probable trade. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same...

Piyush-Gupta

ULTRACEMCO has given good bullish closing on Friday. It broke from yellow TL few weeks back but never made any good movement. Now it has done pullback to TL and bouncing back. 3650-3674 is resistance area for this stock as highlighted in blue, if it sustain above 3670 - 3675, then can give good move on Tuesday. If market turns out strong on Tuesday then it will...

Piyush-Gupta

It was most profitable day for any intraday trader. BAJAJFINSV was given for short below 4330 at 11:29 well before breakout (it was trading around 4345). Reason for short is highlighted in chart. T1 was notified as 4301 (psychological support) with T2 as 4285 (highlighted in chart) and below that it was notified as free fall. Soon enough it breached T1/T2 and then...

Piyush-Gupta

PFC was traded today with group and we had 1% profit in it. PFC has given closing breaking its previous low closing few weeks back. This can be good candidate for shorting if it breaches 78.3. If market turns out weak tomorrow then it will one of the high probable trade. Price action is very simple to understand and main focus is price/patterns. Keep your chart...

Piyush-Gupta

BANDHANBNK has given breakout today from multi weak pattern and is looking good candidate for shorting below 209. If market turns out weak tomorrow then it will one of the high probable trade. Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good...

Piyush-Gupta

After a week or more, I got good time to trade with group and we captured many successful opportunities. NIFTY was given for possible breakout at 2PM today when it was trading at 8957 wit breakout level of 8969 & T1 9030 & T2 9053 (simple price action study). If moved smoothly to 9090+. Nifty chart posted at 2PM well before breakout Other trades which we were...