atharvadhokte13

atharvadhokte13

Logic: 1. Top-down approach: Construction sector in uptrend 2. Stock holding above RSI 60 level. 3. Stock will confirm the uptrend if it gaps up tomorrow (23/1/24) and sustains above 244 (22/1/24) Atharva Dhokte

atharvadhokte13

Logic of the prescribed trade: 1. Top down approach- Realty sector in strong uptrend 2. The stock is above 60 on all the monthly, weekly and daily RSI's 3. The stock has confirmed the RSI's PRD by an immediate positive candle. (22/1/24) Atharva Dhokte

atharvadhokte13

This is called Last engulfing As per my study market should not fall beyond 19500. Rather it will now try for new highs

atharvadhokte13 Updated 

Wipro is a Good stock for Value Buying. It can be accumulated at 390 levels; Reason: 1. Fib 0.618 Level 2. Rsi 40 Support, and back history tells us that whenever it comes to 40 support there is a buying. 3. Confirmation is above 415. 4. A fundamentally good stock.

atharvadhokte13 Updated 

ATGL....... Reasons for buy: 1. Stock in uptrend. 2. Fibonnacci 50% support and breakout. 3.AB=CD pattern 4. If nifty gives a breakout then ATGL will surely be giving a faster move.

atharvadhokte13

Long idea please comment the logic, a quiz mania

atharvadhokte13

A great risk reward and high probability short to medium term swing. Logic: 1. Uptrend on higher timeframe. 2. Daily Fib 0.5 support. 3. Low volumes on downtrend Target and stoploss have been marked on the chart.

atharvadhokte13

SBIN long. Logic: 1. Long term trend is up. 2. RSI- monthly>60, RSI weekly=60 and RSI daily taken bounce from 40. 3. Daily Fib 0.5 Support, Manage your risk because risk management is the name of the game.

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Banknifty long. Logic: 1. Banknifty on support. 2. Monthly RSI above 60, Weekly RSI near 60, Daily RSI on 40 support. 3. Low risk and high reward. I have maked the levels on the chart itself. Thank you.

atharvadhokte13

Banknifty- a bullish candidate for next week. Idea- Buy above 43160 closing on 15min Target- 43422, 43746,44000 (All Prices are from spot) Reason: 1. A breakout on 1hour time frame and a pullback 2. Price at 0.5 Fib level. 3. A low risk and a high reward trade. 4. Rsi at 60 5. Volume low on downside move and high on hammer, this shows buying interest as per...

atharvadhokte13

ATGL LONG short term swing. ATGL can be bought above hourly closing of 3645 for a target of 3765. Reason: 1. Stock in uptrend. 2. Fib 0.5 support 3. Hourly price structure change above 3645.

atharvadhokte13

Reliance a good buy above 2622, targets have been mentioned on the chart. Reason: 1. 0.38 Fib level. 2. Above 2622 there would be hourly trend change signal. 3. Uptrend to sideways on HTF

atharvadhokte13

Banknifty level and entry point for long. Short term swing.

atharvadhokte13

ADANI POWER ........................................................................... Adani power is a good buy above 334 For a target of 340 and 349. Reasons: 1.Structure break on Hourly TF. 2. Support Zone on Monthly TF. 3. RSI Confluence. 4. Fib 0.5 Level on hourly.

atharvadhokte13

Banknifty looks great, had done this analysis priviously but I was waiting for confirmation. Logic: 1. AB=CD pattern confirmed. 2.Breakout 3. Long term chart bullish. 4. Banks are bullish.

atharvadhokte13

Adaniports a good buy candidate above 870. Reason: 1. In a uptrend structure on short Time frame. 2. Near a 50% fibonacci level, BUT yet to give a breakout.