hitesh1bhutani

hitesh1bhutani

The upper zone has been acting as a consistent supply zone for this scrip and it hasn't been able to break it out. On daily timeframe, stock bounced back very nicely from 200 EMA and I'm expecting that this supply zone will be taken out this time and it will act as a demand zone once breakout is done. Buy above 560 DCB with SL 460 DCB Immediate Targets: 600,...

hitesh1bhutani

#Colpal has been testing 200 EMA on weekly timeframe since it's inception and always bounces back, there's no reason this time should be any different. One can accumulate it here and for new ATH. This is not a momentum trade and it will take probably few weeks for uptrend to resume, till then accumulate. If Weekly closing is given below 200 EMA and low of that...

hitesh1bhutani

It's been trading in range since inception and now the range is only of 10 points, any move above 85 will trigger a huge upside in the stock. On a smaller timeframe, any move above 76 will push it towards 82 and then 82 to 85 levels will be very crucial for the upside, One can initiate longs above 76 in smaller quantity and add more above 85 with SL of 65

hitesh1bhutani

SBICard has been actively taking support at 200 EMA and bouncing back and hitting 1140-1160 levels, but this time it seems it isn't headed towards 200-EMA and rather it is forming a Bull Flag , one can go long once breakout done and expect an Immediate Target of 1300. Short Term Target: 1500

hitesh1bhutani

TCS has corrected more than 10% from ATH and is now moving towards a zone which should act as a good support, any signs of reversals from here can be seen as a good opportunity to go long. Let's see how it works out

hitesh1bhutani Updated 

Stock has been in consolidation mode after really good up move since it's inception. 340 seems to be a very important level and we can see volumes getting squeezed on weekly charts. And whenever it touches 340, it takes a U-turn towards 250-260 support zone but this time around stock took support at 300 levels and now huge volumes can be seen on Daily Charts. Once...