UdayMoghe

UdayMoghe Updated 

We can see there has been strong consolidation since many days and stock is waiting for a breakout. RSI positive divergence indicating possible further upside but stock must close above 380-385 zone. Above this, stock should rally for at least 425-430. So far stock is buy on dip mode as long as holding strong support near 330-325. So hope to see strong upside...

UdayMoghe

Kotak Bank is witnessing Double Bottom breakout and in my experience, generally any Double Bottom breakout gives strong upside. Let's see what happens with this stock. Possible Targets : 1871, 1902 View becomes invalid if stock closes below 1740.

UdayMoghe

Nifty View : 1 Hr. Until Hammer's low (14350) is intact, any decline should be bought in. As per my view, may be bottom has formed and Nifty likely to show further strength. In comming days/months, Nifty should see 15300 - 15700 ++ If Hammer's low gets broken on closing basis, this view becomes invalid.

UdayMoghe

We need to check whether RSI is going for a breakout or breakdown. Whichever side it gives, Nifty will rally. Till then Nifty may see major volatility. Check arrows carefully ... whole picture will be clear. :-)

UdayMoghe

RSI at crucial level.

UdayMoghe

Looking at the current scenario, it may looks like CNX-Pharma may bottom out sooner. Downside may be now over or very limited from current closing. I think it's a best time for accumulating valued pharma stocks.

UdayMoghe

RCOM (Weekly) : CMP 34 Stock has given Ascending Triangle breakdown and waiting for RSI to break the secondary support to continue with the weakness. 38-39 strong resistance or supply zone. Pattern target should be near 26 in short to mid term.

UdayMoghe

Triangle breakout on Weekly chart may suggest further strength and good upside can be seen in short to mid term. Possible Target Approx. : 1328

UdayMoghe

Nifty : Weekly. RSI -ve divergence (Worst Kind when occur near 70) Could be hinting 9070 may break .. but as mentioned, no positional sell unless 9070 breaks. Upside may be limited until lower high breaks (9183) ! Price is capped in very tight range. So focus accordingly as upside getting narrower.