Trade_with_Raghu

Trade_with_Raghu

The stock has tested the previous resistance levels and has fallen till 0.5 fib levels and is on rebound. can be a good buy if sustain above the resiatance area(marked). 1692-1695. with SL below 1690 upside target could be 1900/2028

Trade_with_Raghu

Bank nifty has retsetd the support zone thrice and has bounced back but is at minor resistance at close of day. a gap-up opening above 42350 with proper retest can be a scenerio for CE with target 42446/42650 with a small SL of 20-25 points, which is giving a very good R/r. In case of flat and gapdown opening 42300 could act as a resistance and in both cases only...

Trade_with_Raghu

Nifty has given closure above the previous long term trend line and crucially above 18050, 18040-18055 being resistance band. if nifty manages a gap-up opening or flat opening and post retest of 18050 levels, CE position can be considered with sl of 18045. targets being 18092, 18136, 18169, 18200 and 18247. till 18247 is crossed nifty can be considered to be in...

Trade_with_Raghu Updated 

Cup and handle break out on daily time frame. CMP 123.25. the stock is supported by increased volume and RSI raising. good level to purchase with SL 118 and targets at 128, 135 and 146.

Trade_with_Raghu

nifty honouring the channel. expecting flat opening and support at 17860-65. PE below till 17800. CE above 17950 tgt 17980-18020. if rejection at 17950 level, PE with good R/r expected.

Trade_with_Raghu

nifty has formed Double bottom on daily chart and rsi is increasing both on daily and 1 hr charts. however RSI on down ward slope from over bought zone and also the closure is below 50 sma, but above 200 sma giving a mixed signal. nifty hit the crucial resistance level of 18000 and closed back to 17950, with 17946-17940 forming a minor support and then 200 sma...

Trade_with_Raghu

PVR has rebound and is forming a double top pattern. could be a good buy above 1776with target of 1822/1854. sl at 1768

Trade_with_Raghu

On the back of existing bearishness, BN is likely to see a gap down to flat opening on 13/1/23. in caseof gap down opening beyond 42000, small qty of PE side trade can be taken with target 41900/41808/41750 with sl of 42100. in case of flat opening, wait for price action confirmation. long trade above 42125 with sl of 42100 with target of 42225/42334 (highly unlikely)

Trade_with_Raghu

Although market close was with green candle, the market is likely to open flat- to- negative. In case of gap down opening beyond 17800, PE side can be looked at with sl of 17812 and downside target of 17764,17718 and 17603. if flat opening no trade in the range of 17900-17814. trade to be taken based on price action confirmation and breakout. in unlikely event of...

Trade_with_Raghu

could be a flat opening for tomorrow as nifty is still looking slightly bearish, but global cues are positive. if flat opening 18140 could be a resistance and above that could go up to 18240. if gap down opening 18000 -18010 could be a support level. could go for CE above 18140 in small qty and increase of qty above 18240-265 if sustained on 15 min time frame....

Trade_with_Raghu

CMP 881. could go up to 1098-1100. Stock under minor correction and near support level. making higher high and higher lows. could be a good entry at about 860-880 with sl at 843. stock has resistance zone at 960-980. stock is having a history of decreasing volume period(consolidation) followed by high volume spikes with increase in share price. P/E is only 12.27...

Trade_with_Raghu Updated 

Glenmark Life Sciences IPO listed during the covid high has seen significant correction. Many who were not able to dispose off with the IPO has been bleeding and it seems the stock is ready for breakout The stock hit all time low of 370 and has shown a bounce back to CMP (427). It has given a channel breakout, retested trendline support thrice and has also...

Trade_with_Raghu Updated 

STEL holdings is giving a cup and handle breakout with higher volume. The CMP is 168.9 . if breaks 169 and sustain upside possible till 215.85 (previous HH), with resistance at 197.8 (previous LH). support levels if fails to breakout will be 148.50. R:R loos favourable. added to my watchlist

Trade_with_Raghu Updated 

One of the IPO stocks of last year with issue price of 39 and listing of 94. Has seen correction from IPO listing levels of Rs 50 almost 40% correction. The stock is now on upmove. It had given a cup and handle breakout and rebounded from its 1.618 levels. The stock has also shown increasing volumes and RBI is also on rise. if the stock moves past the 1.618...

Trade_with_Raghu Updated 

The stock has tested the 350 levels multiple times (CMP 348.5) and has showed increased volume, rising MACD and RSI. if crosses immediate resistance of 350-352, upside till 375, 398 and 451 seems possible with trendline support at 332 giving a favourable R:R. Added to my watchlist

Trade_with_Raghu

stock is looking good for breakout on daily time frame. has tested the channel multiple times and also formed cup and handle pattern. RSI is on raise and 50 MA has crossed over 200 MA. stock has also seen recent volumes. CMP 122.35. early entry would be above 125 and confirmed /safe entry will be on break of channel Stock looks good buy above 125 with SL of 106.80...

Trade_with_Raghu

Post IPO, the stock had moved and corrected from September and has given breakout of trend line with volume. The stock has given breakout on hourly chart with retest but need to confirm the same on daily chart for swing trade. If retests trend line and moves up, 1st resistance will be 62.5, followed by 65.25 and 72 being major resistance as per Fib...

Trade_with_Raghu

My take on where nifty could be heading. nifty has bounced back from 18400-420 , which was an earlier resistance. it has entered a correction channel. minor resistance at 18540, and major resistance 1 at 188600, 18700. if 18400 is broken, then we can see fall till 18150.