Raju_Boggavarapu

Raju_Boggavarapu

After a great fall from ATH CDSL again looking very good where previously it has witnessed a consolidation breakout and big up move.

Raju_Boggavarapu

Clearly, it has been moving in a channel for months and again the script approached its support trendline. Let's see whether we can find a reversal or its going breakdown this time and trade accordingly.

Raju_Boggavarapu

Previously nifty pharma used to move in an upward parallel channel, and this time it gave a break down and now we an see a downtrend channel. I guess it's not time to take loss now until its breakdown the lower trendline. But in a pull back exiting position could be a good choice we make until the downtrend breaks.

Raju_Boggavarapu

DJI the mother of all markets is as of now at very important support after breaking down the trendline which it used to respect for months. Now if it takes the support here and regains back we can sleep good else its a bit horrifying.

Raju_Boggavarapu

This could be a possibility and need to see whether it can sustain 16400. If it breaks maybe we should prepare for bigger red candles. FOR NOW, ITS GOOD TO GET PREPARED FOR 16400, PREPARING SOME FUNDS FOR AVERAGING OR ADDING IN DIPS.

Raju_Boggavarapu

Nestle is taking support at 200DMA and horizontal zone too. A reversal could be a good buy with sl as 200DMA with some grace points.

Raju_Boggavarapu

Dr Reddy has been taking support at the horizontal line and is taking resistance at 200 DMA. Hope at least this time it breaks the 200DMA. But moving till 200 DMA itself is a good move and sl can be the horizontal support minus some grace points.

Raju_Boggavarapu

Venkeys has been moving in a channel and if stock gives a reversal it's going to be a buy and if the stock breaks down, it's going to be a short trade with strict sl.

Raju_Boggavarapu

HCL is approaching its major trendline support and if we find a reversal its going to be an excellent buy.

Raju_Boggavarapu

After a breakout from its horizontal support and after a bullish week nifty is cooling off and moving towards its support which is its previous resistance. Closing short positions there could be a better idea.

Raju_Boggavarapu

Laurus labs moving in an upward channel and coming back to its trendline support. A reversal there could be a good buy for the short term.

Raju_Boggavarapu

Considering Nifty pharma at support and apollo hospitals too at major support it's a good buy for me with levels mentioned in the graph. RSI Divergence is also giving a positive outlook.

Raju_Boggavarapu

Nifty Pharma is at major trendline support and already saw a bounce back from there yesterday. Considering many stocks in Nifty pharma too at support it could be a good buy for stocks in Nifty Pharma.

Raju_Boggavarapu

Wipro approaching its main trendline support. If it takes support and reverse back it would definitely a good buy with recent correction and support on major trendline.

Raju_Boggavarapu

Mindtree looking good for buy considering nifty It too at support on its trendline.

Raju_Boggavarapu

Dabur taking support and is consolidating on the support. The desired target could be 10% from CMP.

Raju_Boggavarapu

Adani port looks like moving in a channel and is taking support on the support. A breakout of the consolidation could lead to long swing trade with expected returns of 15%.

Raju_Boggavarapu

Dr reddy has been taking support on trendline and is again on trendline showing some reversal. Conservative traders can go long after stock crossing 4900. Aggressive and long-term holders can enter now with SL below the trendline. If it goes as per plan swing target could be 20%