nishant_bhatt

nishant_bhatt

Pranik Logistics a recently listed IPO, is forming a super VCP setup and looks ready for a breakout, closing near 98 is necessary for the breakout to sustain. Company has a good revenue trend for the past 3 years, they have recently expanded their operations. It's a low float scrip and will high high volatility.

nishant_bhatt Updated 

Here I am using 63Moons monthly chart to explain how Wyckoff Accumulation works. The Wyckoff Accumulation has 5 major phases. Phase A - Stopping the previous trend Phase A marks the stopping of prior downtrend. The Preliminary Support(PS) indicates that some buyers are showing up but still not enough to stop the downward move. The Selling Climax(SC) is...

nishant_bhatt

First Majestic is a hated stock as of now, it also has the largest short position in the entire silver miners listed in NYSE. Bad sentiments and frustrated investors is a great combination to identify when a sector bottoms. Looking at the price action as of now, especially from $4.5 to $7.8 it looks like a strong bullish reversal. Also this is a institution...

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Fresnillo is an interesting chart. Looks like a major bottom has set in. If by any chance price goes back to 460-455 level, I will not miss the opportunity to buy. If silver moves up towards $60-70 zone. This scrip will hit a home run. Onwards and Upwards. Stoploss can be placed at 450.

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Supriya Lifesciences made a gap up (episodic pivot) on 8th Feb due to its blockbuster earnings, intresting part is even in the carnage of Smallcap & Midcaps the gap has been sustained continuously for 3 consecutive days, and never did it break the low of the EP candle. This shows strength in the scrip and I believe in the coming days once the market recovers, this...

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FMGOETZE is forming an interesting pattern, this scrip has been trading around 375-350 for a log time now, looks like good accumulation has taken place in this area of interest. The scrip has also entered in a VCP structure with a good shakeout candle, looks like the scrip is all set for a 15-20% move from here on. Stoploss 345 *DISCLAIMER* This analysis is...

nishant_bhatt Updated 

Kanpur plastipack after a long downtrend has now been trading in a range for quite a few months now, looks ripe for a swing trade for 15 - 20% move. Stoploss - 115 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss...

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Shankara Buildcon is nicely absorbing the supply, and looks like slowly the bulls are going to control this scrip. Looks good for 15-20% move from here on. Stoploss 740 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop...

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Forbes & Company Ltd- Technically tight setup. Price coming out from a Dravas Box pattern. With improvements in fundamentals. Managable debt. Into Engineering, Real Estate & Technosystems. Expecting good upside in this scrip. Stoploss - 660 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult...

nishant_bhatt Updated 

JSW Energy after a good consolidation is now getting ready for another upmove, formation of tight dojis and Inside bar, also today's last 10min closing suggests there would be a sudden spurt in this scrip. Ripe for swing trade. Ideal Stoploss would be 378. *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor....

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Seems like Solara Active Pharma has bottomed out. With the recent high volume followed by tight inside candles + inside dojis, this is a picture perfect setup for swing trade. Pharma sector is in an uptrend so can expect #SOLARA to jump the wagon as well. Enter @ CMP Stoploss 322 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI...

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Tight VCP can be seen developing in DHINDIA, looks like its setting up for a impulse move now. All the scrips in Capital Goods seem to be in trend. I'll be keeping my position low in this trade. Stoploss 75 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking...

nishant_bhatt Updated 

LATENTVIEW is being accumulated by institutions, I have already explained the Wyckoff Accumulation in my previous posts. You can refer my 63MOONS post to study in detail. I have initiated my position @ 383. MY stoploss is 340 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial...

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Grob Tea looks good as Positional Trade. After a long consolidation, stock is trading in a Inside Bar candle range of 978-825 for almost 4 months now, also smart money are leaving their footprints (check the volume bars). Expecting good move to come soon now. Stoploss - (low risk)828, (high risk)780 *DISCLAIMER* This analysis is only for educational purpose. I...

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SIGACHI Industries is showing signs of Wykcoff Accumulation. I I have explained earlier in my post how Wyckoff accumulation works. Please refer it. I believe a trend reversal is taking place here. I have entered the scrip with stoploss placed @ 280. *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please...

nishant_bhatt Updated 

JINDAL PHOTO has formed a VCP pattern after a good impulse move, after a good time correction, I think it is ready to move again, also all holding companies such as #JSWHL, #PILANIINVS, #NSIL, #BFINVEST are showing good strength and are near their all time high pivot zone. Do look at these names. Ideal Stoploss is 330. *DISCLAIMER* This analysis is only for...

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GIPCL has been consolidating in a price range of 105-70 for almost 2 years now. Right now the price is nicely stabilizing near the supply range which is getting supported by good volume it looks like the supply is getting absorbed now and its ready to finally breach the resistance. Stop loss can be placed @ 90. This is a positional pick. *DISCLAIMER* This...

nishant_bhatt Updated 

Poddar Pigments after a good time correction is going into bullish zone again, the formation of 3 week tight doji pattern near the trend line breakout zone is a good sign of demand this scrip is getting. Looks like this pigments scrip will be giving a breakout soon. Stop loss should be placed @ 290 here. *DISCLAIMER* This analysis is only for educational...