RaghunathHyd

RaghunathHyd Updated 

Finally, VEDL broke out after spending more than 2 months in a sideways consolidating channel & broke on the upside above 250. Entering a long position here at 253. Can go up to 280. Will trail it.

RaghunathHyd Updated 

INDIACEM - Breaks out on the downside from the Ascending Channel. Shorting at 189 with a stop-loss of 194. First target 173, second target 165.

RaghunathHyd

COALINDIA price action has been very negative for almost 2 years now. But now it is at a major support level band of 240-245. It took this support 3 times earlier within last 7 years and bounced back. Will it be luck this time as well. If it bounces back from this level, then a long can be initiated and it these support levels breaks, one can enter a short. Will...

RaghunathHyd Updated 

ARVIND formed a bullish triangle taking the support on trendline & raising. Entering long at 380 with a SL of 370.

RaghunathHyd

HINDALCO has hit multiple tops at 200-205 band level. And now it broke the Ascending Trendline. If the price closes below the trendline today, it can be shorted tomorrow based on the price action of tomorrow.

RaghunathHyd Updated 

TATAPOWER took the Ascending trendline support & 200 WMA support. Can go to 90 levels. Entering the long trade at 78 with a tight SL of 76.

RaghunathHyd

JETAIRWAYS on the verge of the breakout at its previous support & resistance level of 550-555. If it close above 555 & confirmed by another close above 555, then i'm going long. It can go upto 660. Watching it carefully.

RaghunathHyd Updated 

170-180 price band has been a very crucial area for DLF. Above 180 it was bullish & below 170 it was bearish. Now the price has moed above 180 and is heading towards 200+. Keep SL of 170.

RaghunathHyd Updated 

A Bullish ABCD pattern giving a long signal. Entered at 421 with a SL of 411 and target of 451. A RR of 3.5.

RaghunathHyd Updated 

VEDL - Triple top has been made & triple bottom is in making. Which way will it break out? Downside or upside?. Let's wait & watch

RaghunathHyd

Axis Bank is near its 200DMA & 100 DMA. If it takes support at these levels & breaks out above the 530 resistance, then we see a huge upside, going all the way to 640. If not it can breakout on the downside at 480 & go towards its previous lows of 430 & 380. Watch out for this set-up. No trades at the moment.

RaghunathHyd Updated 

Gold trying to breakout above the descending trendline at 1283. If it closes above 1285 today & sustains then we can see 1300, 1340 & 1360 levels. Keep watching the levels

RaghunathHyd

DLF - 170-180 band has a long history. This crucial area is a make or break for DLF. If the price breaks 170 on the downside, flood gates will open for more downside and price above 180 will take it above 200 again. Watch for these two crucial price levels.

RaghunathHyd Updated 

Bearish Bat Harmonic Pattern in NTPC. Target Price 1 - 153 Target Price 2 - 141 SL - 170 Entry 164

RaghunathHyd Updated 

ITC Formed Bullish Shark Harmonic Pattern. Entered Long at 237.5. SL of 230. Target 1 - 252 (61.8% retracement of leg CD) Target 2 - 273 (1.272% retracement of leg CD) Sl -230 - Point X

RaghunathHyd Updated 

UPL price action is now at a unique position. On one hand it is at all time highs trying to breakout above 720 but also formed a bearish AB=CD harmonic pattern. Which one will prevail? Breakout - if price closes above 720 & sustain further Fakeout - If price closes below 720 Let's wait and see price action & see if we can enter Long or Short.

RaghunathHyd Updated 

LICHSGFIN formed a AB=CD Bearish Harmonic Pattern. It can be shorted once we get a confirmation of red candle in next few days without breaching today's high.

RaghunathHyd Updated 

ARVIND attempting to breakout above 365 for the second time after failing the first time. If ARVIND closes above 365 & next day is confirmed by another green candle, then one can enter long to take advantage of a breakout. If ARVIND fails to breakout above 365, then one can enter a short. Keep watching the stock for the price action.