je_sh

je_sh

Bajaj Finance has been consolidating for quite some time now, and it seems to have started it's upside move for a short term perspective. With it's base near 3280, one can enter in this stock with a closing sl at 3260 on a closing basis. Technical perspective, it is respecting it's 7 day moving average and has bounced back from the same today. The RSI is also in...

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The stock has rallied almost 33% in the last 2 months, there needs to be a correction or consolidation phase. One needs to be cautious not to enter long at this point as technical indicators suggest a short set up. 1. RSI negative divergence - The price is increasing at a very fast pace but the strength index is not following the path as indicated in the chart....

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Jubilant Foodworks has closed below it's 21 moving average after a really long time. Recently when Nifty touched 10800 it closed at 2258 i.e. above the 21 moving average that time, but this time the close is below it. 1. Technically, RSI and the MACD also support the bearish stance. 2. IT has also crossed the middle band of bollinger bands, which gives us an...

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Tech Mahindra seems exhausted now and is not participating in the Amazing IT rally that we have seen. It can be considered the weak link in the It index even though it has given a wonderful return. Technically TechM has closed with a graveyard candlestick which indicates a reversal in the uptrend. One can enter into a short position around 870-875 with a strict SL...

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Indigo seems to be near its demand zone or its support zone. It has a stronghold near 940 odd levels. One can enter into a trade with: Stoploss: 925 closing basis Resistance:1000 Target:1050/1060.

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After a long consolidation phase, Indusind bank seems to be catching its momentum. Indusind bank is a high beta stock, therefore one must trade with strict stop loss and also hold it's position with trailing stop loss when it is in an uptrend. There seems to be no resistance on the upside besides the 100-day moving average which happens to be our target. According...

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FMCG Stocks are considered to be the defensive stocks, i.e. they work when others don't. That's what might happen now as all other sectors seemed to have work but HUL hasn't participated much. HUL has consolidated at lower levels and it seems to be consolidating right now as well. Technically also it looks like a good bet. Technical factors are: 1. MOVING...

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Escorts has been the outperformer stock of this pandemic in my views. It has crossed it's previous highs already and has no aim of correcting looking at the way it is rallying. But technical indicators says something else. 1. RSI- If we have a look at the RSI, it does not give us any positive signs. There is a negative divergence that has started since 30th jan. I...

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A top is made and one can enter into a short trade with 9525 sl for target of 9400-9350. Technical indicators: RSI - rsi is falling after making a high which showcases that nifty is losing it's steam. MACD divergence- MACD cross has taken place which supports our theory. Keep strict sl- 9530. *It is my opinion and i am not sebi registered* Comment if you...

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Ultratech cement has performed really well in the past week bouncing from it's demand zone. There can be a breakout from the current zone and it can head towards the next supply zone of 3850 which was a great support zone in the past. This support zone will act like a resistance zone now. My positive outlook is validated by: 1. Bollinger Bands - On the daily...

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We all know about the recent investments and the rush that everyone has gotten into to buy reliance jio, but here's the thing it is grossly over valued. Reliance jio might be performing really well but the oil segment is still a part of Reliance Industries, bringing it's valuation downwards. I am not going to get into fundamentals but technical indicators clearly...

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Auropharma may still gain a bit but it will not be outperforming anymore, adding to that i feel it might under-perform as well. The basis for this are the technical indicators: 1. RSI divergence - RSI divergence is when the price slopes upwards but RSI slopes downwards, forming a negative divergence. As seen in the chart, price is moving upwards whilst RSI is...

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INFOSYS IS SET TO BE LOSING IT'S STEAM IT SEEMS. IT HAS BROKEN IT'S TREND LINE SUPPORT WITH A GAP DOWN YESTERDAY. ONE CAN TAKE A SHORT TRADE WITH STRICT STOPLOSS OF 675. TECHNICAL INDICATIONS ARE: 1. BOLLINGER BANDS - INFOSYS MADE A GAP DOWN BELOW THE MEAN LINE OF BOLLINGER BANDS AND WILL NOW APPROACH THE LOWER BAND. THE MEAN LINE WILL ACT LIKE A RESISTANCE...

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BAJAJ FINANCE HAS BEEN CONSOLIDATING SINCE QUITE SOME TIME, FORMING A VERY STRONG BASE AROUND 2000. OVER THE YEARS 1950-2000 LEVEL HAS BEEN AN IMPORTANT LEVEL AS ITS FROM HERE WHERE THE INITIAL RALLY STARTED.EVEN ON THE WEEKLY TIME FRAME 1950-2000 LEVEL IS VERY IMPORTANT. BAJAJ FINANCE SEEMS TO BE MAKING U SHAPED RECOVERY, WHICH IS A VERY STRONG RECOVERY UNLIKE...

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As we can see Nifty Auto is trading in a rectangle pattern. A strong support is placed at 5000 level making it a psychological level as well. Nifty Auto seems to be moving in a sideways pattern. 1. A sustainable breakout above 5500-5600 will give this index a new leg. 2. The current Bollinger Band trend shows that the volatility is reducing. 3. RSI retraced from...

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This maybe an old school approach as you may say but this is something that everyone can understand. My analysis is based on volatility(BOLLINGER BAND) and momentum(RSI). Here what my analysis is that, Nifty is trading in a sideways pattern after breaking the rising wedge . A positional trade can be taken with a healthy risk/reward ratio. One can keep 9450 as...