rahuljaiswal1580

rahuljaiswal1580

After a terrific upmove in june month, stock has gone through a good consolidation phase and has given clear breakout with decent volumes and RSI showing some great strength. Also cup and handle formation at the top gives dual confirmation for the setup. One can expect good returns in short to mid term. Disclaimer: Take this view for educational purpose....

rahuljaiswal1580

IRCTC is poised to give good returns with good risk to reward ratio as the setup looks good. A clear breakout from an ascending triangle pattern and a good consolidation since last 2 months. Breakout is supported by good volumes and RSI showing the charge of bulls. One can expect good returns in near short to mid term. Disclaimer: Take this view for educational...

rahuljaiswal1580

A classical pattern cup and handle pattern observed in UPL. A good accumulation happened in last 10 days with volumes supporting and RSI sustaining above 60 clearly shows the charge of bulls. Breaking out of 361 and sustaining above it could give it a good rally. Wait for the right price action before entering. Good support: 345 Dsiclaimer: Take this view for...

rahuljaiswal1580

The stock has formed a classical W pattern and has almost given a good breakout with high volumes and RSI confirming the charge of bulls. Also it has been getting a good support of trendline. If it crosses and sustain its key level of 180-182, we may see the momentum getting continued for more upside rally in near future. We might see a short retracement due to...

rahuljaiswal1580

Almost all CPSE stocks have shown great momentum today with massive volumes coming in at this price clearly depicts value buying at these levels. NTPC is hovering around its strong resistance level and breaching the level of 103 will help it rally more for the upside journey. Classical flag and pole pattern formation and the daily RSI clearly confirms the charge...

rahuljaiswal1580

Stock has given a good bullish breakout from the 4 month long consolidation zone and also its strong resistance has been taken out with massive volumes and RSI confirming bullish momentum. If it continues to sustain above 430, one can look for a long opportunity for short to mid term view. Wait for a right price action before entering. Disclaimer: Take this view...

rahuljaiswal1580

The classical breakout and retest pattern has been observed in the stock. The breakout was accompanied by high volumes and RSI in strength. Pattern would only be confirmed once it crosses 205 levels and one can definitely see for a long position for a short to mid term view. Strength in bank nifty in last few sessions could be good supporting factor. Wait for a...

rahuljaiswal1580

A good accumulation is seen in last few trading sessions and stock is hovering around its breakout zone. A good volume addition in today's session and strength in RSI clearly depicts uspide potential in upcoming sessions if it crosses and sustain above its key level of 200. Wait for the right price action before entering into a trade. Disclaimer: Take this view...

rahuljaiswal1580

Stock is trying to break its 2 months long range with good volume addition in today's session and RSI confirming the charge of bulls and a good retracement from bears territory. Wait for it to cross the range and sustain above 106-107 and then trade with a proper SL. Discliamer: Take this view for educational purpose. Trde on your risk. Happy trading. Happy investing!

rahuljaiswal1580

Stock has been taking a good trendline support since quite a long time and a huge volume addition in today's session suggests that a huge upside potential lies in the stock. RSI confirms the charge of bulls and a good retracement from bears territory on monthly and weekly charts. Consider this scrip for mid to long term view. Disclaimer: Take this view for...

rahuljaiswal1580

Stock has given a bullish breakout with good volumes and RSI showing strength. The resistance level of 545 has been taken out and price action (higher lows) confirms the charge of bulls which clearly indicates a good upside potential in coming sessions. It may retest the resistance turned support and then continue the upside rally. So wait for the right price...

rahuljaiswal1580

Consider this as a good long term opportunity. But one may look for swing opportunities too by catching the right price action. Stock is in a strong uptrend making higher highs and higher lows and trading at all time highs. It has given a good volume breakout on daily chart and the bullish trend seems to continue. It may retest the breakout level and then continue...

rahuljaiswal1580

Stock has given a clear breakdown from a classical rising wedge pattern. Accumulation of sellers in the last three sessions can be clearly seen in the volumes. RSI<60 suggests that buyers' have now lost momentum and sellers could be dominant for few coming sessions. It may retest the above the trendline and then continue the downfall. So wait for the right price...

rahuljaiswal1580

With pharma stocks in great momentum. Almost every pharma stock has given a good range breakout on friday's session. A strong OI and volume suggests that the momentum will continue for the upcoming sessions. Auropharma is in great momentum and has given a range breakout with good volumes, supported with strength in RSI (>60). PREVIOUS RESISTANCE LEVEL (KEY...

rahuljaiswal1580

After nifty being weak, pharma sector is back in momentum again. With this momentum stock has given a breakout with good volumes and RSI in bullish momentum. Stock is trading at all time highs and the momentum seems to continue for few more sessions ahead. NOTE: Key level for stock is 2540. It should sustain above this level. SIMILAR BREAKOUT: DR. REDDY'S...

rahuljaiswal1580

With Auto stocks in great momentum stock is all set to give a breakout as it forming a HH & HL price formation near its key resistance levels. Key level: 2885 If it crosses this level, bullish price action would be confirmed and one can expect a good upside spike in few upcoming trading sessions. Let's wait for the right price action. Disclaimer: Take this view...

rahuljaiswal1580

With tech stocks in great momentum TECHM is all set for a upside rally. Breakout from the previous support turned resistance with heavy volumes clearly indicates the charge of bulls confirmed by the strength in momentum by RSI>60. May show some profit booking/correction on intra day basis but buy on dips will be a good bet for a short term perspective as a price...

rahuljaiswal1580

Stock has given a good bullish breakout (on all time frames) from a 5-year long trading channel with high volumes and positive RS. Looking for a good upside potential for a mid to long term view till RS sustains above zero line. Momentum in tech stocks will be a good supporting factor to bring a good rally. Discliamer: Take this view for educational purpose....