maharshisavalia

maharshisavalia

Cipla currently in daily demand zone 880-860 and took halt here making low of 869 ( penetrating 50% demand zone). Formed sort of hammer on the lower Bollinger band which concludes that it has respected daily demand zone. strong supply zone at 920-930 levels. Hence I am come up with 2 trades. Trade 1: CIPLA LONG Entry : 880 (done) SL : 868 Tgt : 920 Trade 2:...

maharshisavalia

Cipla CMP 880 - one of the three top weighted stocks of nifty pharma contributing 12.4% followed by sunpharma (26%) and Dr. Reddy Lab (13%). After heavy correction from all time high of 1185 right now its trading near 880 levels on 03/03/2023. One little bounce of 5% can be seen from current levels of 880 , till 920. But the quaterly demand zones lies at 810...

maharshisavalia

Due To Weak Quaterly Results It Was Underperforming And Trading Low On The Curve From 750 To 350 Since Last 9 Months. But Dec 2022 Results Were Superb Compatative To All Previous Quarters Of Last Year Hence It Rallied Almost 75% In A Week. As Showed In The Chart There Was A Bearish Gap Level Oh 13th August 2023 At 621 - 638 Price, Where We Can Assusme That There...

maharshisavalia Updated 

NSE:EICHERMOT Daily Trend - Downside, Formed drop base drop on 4 Hour time frame. In upcoming few sessions it retest those levels then we can look for downside trade approaching towards demand area near 2800 odd levels by trailing the sl.

maharshisavalia

Likely correction tends to happen in PSU banks as the have rallied too much. By trailing SL and understand the curve analysis we can opt for max RR.

maharshisavalia

NSE:NIFTY If this sell off and panic continues, then till January / February we may see 16000 odd levels . Selling at retest we can participate in down move with better RR . Approx 10% correction till buying levels.

maharshisavalia

NSE:MARUTI Daily trend - downside, weekly trend - downside, continuation pattern formed - drop base drop, nearest support zone at 7800 odd levels. Planning short trade at retest of DBD.

maharshisavalia

As its in weekly and daily downtrend, It can go in time correction and price correction too till 1350 odd levels . Maintaining tgt intact 3:1 from the supply zone, trail the sl until we find any reversal pattern .