abhijitgujarathi15

abhijitgujarathi15

In banknifty we can clearly see that it has given a close above CPR and its R1. Whenever the prices close above the CPR and/or R1 it is said that prices move up. In nifty it has given a close above CPR and weekely central pivot. So again an upmove is expected. Buy on dips is suggested for the coming session on 13/8/2019. CPR and pivots are marked with blue arrows...

abhijitgujarathi15 Updated 

Last 2 weeks, we have seen a major fall in the Index. But this counter IGL succeeded in making a higher low and will make a new weekly high tomorrow. Once a close above 312.10 will boost this stock for short term targets of 337. The 2 green lines are very strong supports, all red ones are targets/ resistance and the last blue line is the break level!!! A pure gem...

abhijitgujarathi15 Updated 

In this chart we can clearly see that this stock rallied today as on 6/8/19 and has entered its strong resistence zone. It has failed nearly 25 times before from this level. A strong close above 3303 and above can show us approx 3344 marks on the charts. Beware of the volatile market and go with the trend. Do not take any position as this article is just for...

abhijitgujarathi15 Updated 

Here is a chart of weekly Nifty. Some observation from 1990 till 2019. So here I think we saw the highest level of Nifty @ 12103 which let us assume as completion of Wave 5(Elliot wave). Now we have entered the bearish zone which is going to be volatile as seen in the year 2k and 2008... 2019 can be the third phase of correction for the Nifty index. Now if you...

abhijitgujarathi15 Updated 

Bearish Divergence found on RIL on a large time frame of approx 10 months!!! Rise on sell or Just aggresive sell??? Please give your opinions guys!!! Thank you!!!

abhijitgujarathi15 Updated 

Yellow box: M formation is done. The last candle is a spinning top which indicates indecision in this counter. A break below 340 pinpoint may show us 330 levels. Another support is there at 324 where consolidation can be seen. If any bad news in BA other downside levels will open. This is my cautious view for the coming week.

abhijitgujarathi15 Updated 

The first day of August futures showed nice buying done in the pharma sector. Lupin once if cracks and sustains above 780 cash levels can show 790 and 800 plus targets in the coming week. A buy on dips is recommended in this counter with a Stop of 765/762. The red line is the Stop. Green is the CMP. Purple lines are the two targets!!!

abhijitgujarathi15 Updated 

Lupin is stuck in a range according to older price actions taking place at these levels. If one wants to go long, a close above 782/784 is mandatory with a strong green candle. 767 and 762 will act as a major supports for the coming week. If it breaks 761 / 759 downside support is at 752. So, don't be in a rush to short. There are multiple supports till 730 and...

abhijitgujarathi15

In this Reliance 15mins chart we can find wide and narrow CPR both back to back... Please follow the CPR method for Intraday trades. Stop Loss will be affordable and sizable with a bigger reward. Please back test wide and narrow CPR in your favourite charts and write back to me on this topic . NEXT is Virgin CPR which is the most important topic!!! Keep learning...

abhijitgujarathi15

Hello in this 15minutes chart of ICICI bank one can see the down and the up arrow marked in the chart. The area with blue dots and a pink dotted line in between is known as CPR(central pivot range). It is generally assumed that whenever you get a narrow CPR in day trading it is a trending day for the particular stocks. Look at the price action at the very start...

abhijitgujarathi15

Bears have controlled the market since the budget was declared. The gap up during the exit poll has also been filled. At this point the Nifty is stuck in a range what we also know as a Mousetrap. This trap levels are : 11426 - 11260. We haven't seen a strong candle formation at the top or bottom of the trap levels. Now a break down below these levels with a real...