bhagyeshbadarshahi

bhagyeshbadarshahi

setup: LONG based on chart pattern Buy: Above 220 SL: 196 Target1: 266; Target2 : 300 Investment advice: go with two installments 1st at 220 and 2nd around 200 if it gives a dip After correcting 30% from the recent top MHRIL has formed a reverse head and shoulder pattern for a possible up-move. Given the momentum in the hotel stocks in last week despite...

bhagyeshbadarshahi Updated 

After a strong break out rally, NCC has corrected for 3 months and taking strong support at Fibonacci retracement level of 61.8%. The stock is overall bullish, waiting for a channel breakout. It is good for longterm investment portfolio as well. Currently, we can take a swing trade in NCC: Entry at hourly closing above 77 TGT 1 = 91 (17%) TGT 2 = 100 (29%) TGT 3...

bhagyeshbadarshahi

Jindal Steel seems ready for up move after consolidating for past 4 weeks. A pennant formation can be soon whose breakout can lead to significant upside. Following Swing trade can be taken. Buy at breakout level - above 412 only, TGT 1 - 453 (10%) TGT 2 - 496 (20%) SL 395 (4.3%)

bhagyeshbadarshahi

After a period of consolidation, TATACHEM is ready for Up move towards higher levels. Chart Pattern - Pennant Formation , Channel Breakout Good Volume seen on 28th May Daily Candle Swing Trade can be taken as follows: Buy only Above 720, Stop Loss 685 TGT 1 - 795 (10.5%) TGT 2 - 855 (18.8%) TGT 3 - 895 (24.3%)

bhagyeshbadarshahi Updated 

After correction/consolidation for 2.5 months, Wipro is set to breakout from Channel and move towards Higher Highs Breakout Price - 429, Buy above 429 with SL 400 Target 1 - 482, Target 2 - 516

bhagyeshbadarshahi Updated 

After Consolidation in a parallel channel, BAJAJ Finserve looks ready for up move. The stock has bounced from channel bottom and 78.6% Fibonacci Retracement Level We also see breakout of Channel with good volume Entry - when any hourly candle closes above 9860 (Critical Weekly Level) Stoploss - 9440 TGT 1 - 10570 (7%) TGT 2 - 11250 (14%)

bhagyeshbadarshahi Updated 

Banknifty is at a critical level at the start of April Month. If there is a Breakout or Breakdown in any direction then we may witness a highly trending month. CMP 33500, Upside can be upto 40000 while breakdown may take Banknifty upto 28950 Strangle Option Strategy Buy 40000 CE 29th April Expiry, CMP Rs 15 (Investment = Rs 375) Buy 28000 PE 29th April Expiry,...

bhagyeshbadarshahi

-- 200 DEMA, Positive Divergence, W Pattern -- Buy @ BO above 945 Targets - 1030, 1110 SL closing below 200 DEMA - 920