akshay.lakhina

akshay.lakhina Updated 

Bajaj Finance is showing good volume from last 3 days and has reversed from its low till 38% Fib ratio. Buy above 2321 to 2325 range for 2400, 2450 and above as per Fib levels Immediate SL = 2219 and then as per Fib levels RR is good with second target Lot size = 500 One may try Call Bull spread i.e. Buy 2400 CE and Short 2450 CE with Risk of Rs 8500 and...

akshay.lakhina Updated 

Apollotyre has retraced back to 0.38 % Fib ratio on Monthly chart and shown the support and reversal sign. Buy in the range of 201 to 205 SL = 189 (long term SL) Targets as per Fib levels mentioned (Crude and Nifty to support too) Good for long term to add in your cash portfolio

akshay.lakhina Updated 

Bharat Forge still playing with the levels as we published in July,2018 Follow the Fib levels for upside and downside movement as per chart which are self explanatory

akshay.lakhina Updated 

We published the chart in June 2018 and Nifty moved towards 11750 levels Now we are starting October,2018 and we are back to June,2018 levels i.e. 10850 as per the Fib levels SL 10819 for Bulls for target 11070, 11120, 11170 and more if SL 10819 broken then below 10799 we would see 10770, 10701, 10675 and 10645

akshay.lakhina Updated 

YESBANK post recent crash is at Monthly demand zone RSI is Oversold at 17 Delivery of 11 Crore happened on 21st Sep i.e. 39.5 % of total traded qty It could be a good Risk reward ratio bet for long term Buy at CMP i.e. 226 SL 199 Target 274 and close above 290 then 313.8 and close above 330 then 349.4 and 359.1 it will for sure test the patience

akshay.lakhina Updated 

Escorts has made 3-Inside bar setup and trying to hold its support zone as per OI data. its a good opportunity to enter into cash for long term, Please follow Fib levels for Support & Resistance

akshay.lakhina Updated 

SAIl looking good for upward Buy above 78.3 for 80.2 and then 82.9 Please follow the fib levels for further upmove and SL (on closing basis) I am trying to keep the setup as simple as it can be

akshay.lakhina Updated 

Ambujacem has respected the support zone and now looking good for upward Buy for 244 and 255 Follow the Fib levels for more details

akshay.lakhina Updated 

BEML bounced back from its support zone and now looking good for 798 with SL 749 on closing basis

akshay.lakhina Updated 

BEL is respecting its support zone of 84 and 85 Now looking good for 90.5, 93.5 and 99.1 SL 84 on closing basis

akshay.lakhina Updated 

Wipro has double top at 330 to 340 band and short position would be better option at this resistance band instead of further long Below 324 more weakness would come for 319 and 311 Strong Rupee on Monday will favor the view as well

akshay.lakhina Updated 

Concor is showing strength after testing the support, It has also given the Ichimoku Cloud crossover on Daily chart Buy above 662 for 671 (Intra) and 684 and if sustains 680 level then would aim for 700 and more SL = 644 RR is good with second target though RSI is also showing strength and if Nifty trades positively then it would support the upmove

akshay.lakhina Updated 

BEML is trying to make a base around 800 levels and Max OI at 800 PUT supports that too. One can long here with hedge 800 PE for immediate target of 830, 845 and 875 and more as per Fib levels Stop loss for cash is 794 and 782

akshay.lakhina Updated 

Indusindbank is trading in bigger channel and formed a wedge pattern. it has respected the area of 1875 to 1880 area and if closes above the trend line then it will try to touch the upper line of bigger channel Resistance 1920 , 1949 , 1974 and 1995 and more

akshay.lakhina Updated 

Bharat Forge has found the bottom around 575 and now looks like reversal may start now. Support 575 - 570 Target 595 T2 609 T3 619 and more

akshay.lakhina Updated 

JKTYRE has taken support at weekly demand zone and now trying to break the trendline to move UP. Close above 132 would be good to enter (or RSI needs to close above 40) with immediate SL 124 On the above side 140 would act as resistance and close above would take it to 150 and above

akshay.lakhina Updated 

Natco Pharma has tested the support level of 790-800 and now managed to break resistance of 830 Close above 832 will take it to 850 and 900 levels quickly Overall Pharma sector is looking very bullish that would also support the idea Please follow the Fib levels for Support & Resistance and trade accordingly

akshay.lakhina Updated 

Nifty is nicely placed at level from where it can go UP (10900, 11000) or Down (10700, 10500) Fib levels clearly showing the support and resistance level Interesting to watch how it pans out