Rajesh_mehta

Rajesh_mehta

The script had been consolidating for a long time. Bursting out of its range. Turned positive on weekly charts along with strength on RSI. Disclaimer - This is not a recommendation to buy or sell. Purely for educational purposes. Please do your own analysis.

Rajesh_mehta

Currently markets trading pretty week. Start of March to be very choppy. At present the biggest support is sitting at 15500 . Hold Tight

Rajesh_mehta Updated 

LT is looking strong. I t has been consolidating for a while. RSI and volume both showing strong profile. 967 visible on short term basis.

Rajesh_mehta

First break up attempt on 8th may with week volume. Second breakup attempt on 26th May with over 3 Million volume. Third breakout attempt on 15th june with over i million volume. Performing better than Nifty RSI. MACD moving towards crossover. Watch out for Positive breakout in the coming week. Join Telegram - Bull Tracker Only for Education purpose.

Rajesh_mehta

It has been trading in a range for quite sometime. Could not sustain earlier breakout. Looks ready for another push.

Rajesh_mehta

Positive break out after a long time. Volume supported move. Looking really good.

Rajesh_mehta

It has been trading in a channel. Just above its 100 day moving average. Looking like a positive breakout.

Rajesh_mehta

HFCL is showing good support at current levels. The stock has been moving up steadily. It is up 100% from its 52 week slow. Steady growth in Volume and delivery quantity. Current levels look good for entry. RSI is in the mid range . No suggestion. Please consult your financial advisor before taking any decision.

Rajesh_mehta Updated 

Pidilite has been idlying for a while where 3 months return stand at only 5 %. Stock has consolidated and now showing signs of breakout. In a swing trade target can be taken at 1514 with support at 1375. RSI is looking strong at 60 with MACD line moving northwards. A beautiful chart. Note - No recommednation or suggestion. Please do your own Analysis. Please...

Rajesh_mehta

profit booking on GOLD which started on 7th of August is continuing. Weeker global cues in metal sector and a pinch of taking money of table is what we have witnessed in last 15 odd trading sessions. RSI is looking little week but nothing to worry. Basis FIB retracement the support levels are perfectly aligned to 0.38 Levels and resistance is at 0.23 levels. In...

Rajesh_mehta Updated 

Bank Nifty has been under pressure for a long time. Since 19th of july it had been trading in the range of 23128 – 21059 . The meagre 250 point range has been too narrow for it to sustain. It buckled under pressure on 14th. But interestingly it took support at 21628 which is exactly the point it had tried to breach on 30th April. Finally given another close...

Rajesh_mehta Updated 

Looking in strong uptrend. More volatility increases in stock , money will continue to move in precious metal.

Rajesh_mehta Updated 

Bank Nifty started moving in an upward wedge since 23rd of March and it has been trading comfortably within that zone. Couple of times it did try to break but did not succeed. Now it has fallen for continuous 3 sessions and broken the crucial support. Next support is available at 20537 levels. RSI is is also in a week zone. Important thing, what will market do...

Rajesh_mehta

Nifty has broken its major support. Next support at 10609. RSI is Breaking down. The most crucial 20 EMA is also broken. We have close below that level. a Lot of purists may disagree but I see a correction on cards. Today was the begining. Disclaimer - No suggestion, No Recommendation. Please trade at your own risk.

Rajesh_mehta Updated 

Nifty has been trading a very narrow range since last 7 sessions. It does not have any steam left to move up. Next support is at 11200 level. So this narrow range of 200 points may prevail for next few days before we get a decisive break ( down/up).RSI has also started showing weakness. Be carefull. Watch out for first week of next month.

Rajesh_mehta Updated 

Market has almost run out of steam. It is trading at outer range of of possible highs. Resistance at 11216. The liquidity has almost dried out. Both FII's and DII's are Bearish on data points.RSI is in over bought zone. It is either the retail investors or Pro desk who have taken positions in Longs. Time to be very cautious. we have a had a straight up rally of...

Rajesh_mehta

BankNifty trading at a specific Gann Angle.20760 is a good support, if that breaks there will be consequences. 22,289 will be the big resistance to overcome.25191 remains the ultimate resistance zone. No point carrying the position over the weekend. Looks like more of a sideways movement.MACD is showing little negative bias.

Rajesh_mehta

Data points are suggesting that Liquidity has dried out. Smart money is on bearish while our new age Robinhoods are pushing the market up. Keep tracking and watch your charts at multiple time intervals. Nifty has taken support at crucial levels. Next support levels have been marked on the chart as well. Disclaimer - It is not a suggestion. This is purely for...