amitchauhanihm

amitchauhanihm Updated 

In recent days we have seen FMCG sector moving positive vs Nifty relatively and one of the stock which i see has potential is PGHL with an excellent risk reward . The entry would be breakout of current consolidation zone with up movement to almost 25% . As a confirmation I do see divergence forming in RSI ... Keep a watch on this stock.

amitchauhanihm

Dabur is showing sign of up-move which is in line with the recent performance by FMCG sector. Its relative strength against nifty is on positive trend and also divergence spotted in price vs RSI. The risk reward is also favorable as I would take entry if todays high is broken with stop loss of recent low.

amitchauhanihm Updated 

Max Health seems be ready for an upswing . It is showing breakout from consolidation zone with good volume and delivery % has been on higher side ( above 65%). If you will check at weekly chart you would see it has taken support at 20 SMA and on hourly chart it shows bollinger band blast with good volume. I would take an entry when the previous day high is broken...

amitchauhanihm Updated 

Naukri looking good for an upswing of at least 15%... Keep close eye on the stock and currently the risk reward ration is also in favor (3.16) with stop loss just under 20 SMA of BB. Do keep close eye on the price behaviour when it reaches the marked zone of resistance and in case the price sustains that pressure and goes up you can keep it for longer time period...

amitchauhanihm

Possible move for an upswing to almost 14%... Breaking out from consolidation and have blasted the Bollinger Band upper limit on daily time frame and during the recent retracement the stock has continued to outperform nifty ... Little risky trade as earlier the price tried to breakout but did retrace back... My entry would be just above yesterdays candle ... Do...

amitchauhanihm Updated 

Abbot India is retracing back to 20 SMA and is good point to enter { before entry do watch out for price action at hourly or 2 hourly chart}. As per my analysis its at good support zone with stop loss of 1%( below 20 sma)can give you 12 to 15 % return for swing trade. If you want to keep for longer period you definitely can but do watch out the price action at the...

amitchauhanihm

While the banking sector has not been doing well but Canara bank is one of those who has been out performing both index and sector over period of last 4-6 months and the stock is available at 15% discount price from the recent high it made in Nov-21. I would wait for the entry for closing to be above yesterdays candle and stop loss below 198. Also if you look at...

amitchauhanihm

NTPC is showing sign of upward movement and it its about to Blast the bollinger band . The risk reward ratio is also good as I would keep pivot near 20 sma as stop loss. The entire analysis is also backed by the fact that Energy sector is also showing strength and NTPC can be the leader

amitchauhanihm

The stock is verge of breaking 2019 resistance and can give approx 15% return in short time and longer horizon approx 40%... We have to be cautious around 15% move and see how price and volume behaves , which will determine if we want to go ahead with long term or not... The current pattern is also supported by on balance volume breakout and gives confidence that...

amitchauhanihm Updated 

PNB is on verge of breaking it resistance on price and its current level is strong support per RSI . If we look at OBV it has already shown breakup and there is positive divergence... For me its early entry but risk reward is pretty favorable as my stop loss would be low of previous day candle ... If you want to wait for confirmation you can wait till the price...

amitchauhanihm

Mindtree has been overperforming Nifty for quiet sometime... The stock has now retraced to very crucial support and I do upward jump from here/ The support zone is marked by Volume profile and fib retracement too

amitchauhanihm

Tata Steel has taken hit due to Evergrande situation in China . Now it is at very crucial juncture i.e. 1200 support level , if in case it breaks down it can easily go down to 1050 level but that is yet to be seen... 1200 is very strong support not only in terms of trend line but also from VWAP and even after taking the beating it is positive in terms of relative...

amitchauhanihm

The recent breakout for Voltas from its consolidation zone is not only with High volume but also the stock has turned positive RS [ Relative strength} . The zone market in yellow is an excellent zone to buy in case of retracement...

amitchauhanihm

If you look at the ratio chart for CNX reality against NIFTY 50 benchmark ( weekly timeframe ) you would see that Its taking support at same level which was resistance earlier. which is also support basis Fib retracement. My prediction is that sector will going to out perform nifty for coming weeks... We need to identify good stocks in reality sector for good swing trade