bhagat109

bhagat109 Updated 

1) Taking support @ 200 EMA 2) Morning star doji after a down trend . 3) Bounced from horizontal support from which it broke out earlier on 7 DEC. 4) @ the lower end of the new channel it has formed. 5) RSI at oversold region Target - 2445 (9%) SL- Low of the doji

bhagat109 Updated 

Target- 243 (Will move at least the height of the narrow range it broke out from) SL- 220 ( PS- Expect some pullback till 222)

bhagat109 Updated 

Karur Vysya has spiked with huge volume making a 10% move intraday. If in the next trading day it crosses >50 one can go long. Target 1- 56 Trgt 2- 60 SL- 48. (PS- wait for breakout > 50. will also work intraday but targets may vary.)

bhagat109

A valid breakout- supported by good volumes. Look at the last 30-45 mins of trading on 2/2/21 ... There's a clear bullish momentum causing the breakout. So I'm expecting tomorrow it will open GAP up. Target: 2000 (height of the Head) SL: just below the resistance.

bhagat109 Updated 

Target : 95 SL :92

bhagat109 Updated 

Pennant pattern seen in AxisBank. It's a sign of consolidation. There's high chance of a breakout. It's wise to take a position on the long side as the SL will be less now. If it breaks the pennant on the downside, take a Hit & initiate trade on the opposite side. Breakout TGT: 710 & 760 Breakdown TGT: 200 DMA

bhagat109

Target: 38.5 (10%) SL: 34

bhagat109 Updated 

After a consolidation of about 2 months, Wipro (along with other IT stocks) has given a breakout, which is validated by the sudden spike in volume. Target: for swing trade - 420 (10%) for intraday -400 SL: 380 ( All time high)

bhagat109 Updated 

Has given a breakout from a double bottom pattern. Breakout day had high volumes..confirming the breakout. One can keep averaging till 95. Good for swing trade as this script doesn't make fast moves. Target1: 115 Target 2: 125 SL: 93

bhagat109 Updated 

After a spectacular rally in Hindalco, we can see an evening star pattern being formed. Look at the nice red candle formed after the evening star, confirming the pattern's validity. In my view, it will not go in a reverse direction forever but will only take a pullback. Target: 230. (After that trail SL till 210)

bhagat109 Updated 

After trading in a narrow range for > 6 months with meagre volumes, IRCTC has finally created interest among the traders. Huge volumes traded on the date of Q2 results. If the price sustains above 1595 or opens gap up & doesn't break the low, one can go for BUY , both intraday as well as swing. Target: 2000 (25%) SL: 1595 (on closing basis)

bhagat109 Updated 

Broke out from the double bottom pattern. May retest the 200 SMA. Buy @ 109 - 108 Target: 123 SL: 107 (200 SMA)

bhagat109 Updated 

Firstly Nestle gave a breakout above the 200 SMA with excellent volumes. then it saw some consolidation confirmed by subsequent lower volumes. Then there was a pullback right till the 200 SMA from where it has bounced back. It is also forming a flag pattern & now it broke out of the flag with decent volumes. Coincidentally, it is also breaking out of the...

bhagat109 Updated 

UBL has broke the 200 DMA with huge volumes. It is taking support on 200 DMA and consolidating since 5 days forming a flag pattern. Target: 1150 (roughly length of the flag pole) SL: 200 DMA

bhagat109 Updated 

Mahindra & Mahindra has been trading in a range since 4 months. Now it has given a breakout with huge volumes. Target: 742 2nd Target: 810 SL: Will update after tomorrow's price action.

bhagat109 Updated 

Rain Industries is moving on an uptrend along a trendline. It has respected the trendline & has bounced right from it. And in doing so it has has failed in the formation of a complete head and shoulders, which is a bullish sign. So tomorrow if it breaks > 511, go long. Average on pullbacks. Target: 125 SL : Trendline

bhagat109 Updated 

Tatasteel has given a breakout from a cup & handle patern in the diaily charts. It has also broken out from the long term down trend. (Yellow line) One can wait for a pullback & then enter. Target : 540 (13 - 15 %) SL : 444

bhagat109 Updated 

SBI is showing signs of reversal. 1) Tested the lower line of the channel. 2) Broke the trendline. 3) RSI has also broke it's trendline. (Reversing after touching the oversold zones.) TGT: 208 SL: 185