rahuljaiswal1580

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....

rahuljaiswal1580

Price action and the setup clearly indicates for a breakout confirmed by good volumes and RSI in momentum. Stock has just come out of its accumulation range for which a good upside potential could be seen in few upcoming sessions. A good OI build-up was seen in today's session which has a good potential to break this level. But before that it should clearly break...

rahuljaiswal1580

The setup is all set for a breakout with good volumes and RSI in momentum. Key level: 175-180 levels: Could act as a resistance. Be cautious! Wait for the right price action. Breakout will be confirmed once it crosses this key level. If it does, bears would be trapped at top levels and a swift upside momentum could be seen in intraday session. Let's wait for...

rahuljaiswal1580

Stock is taking a good support of the resistance turned support zone. A good upmove with a spike in volume will confirm the dominance of bulls over bears. If RSI remains over 40 levels momentum will be in the hands of buyers thus a good upside potential. But let's wait for the volume confirmation and we'd be good to go keeping a bias towards upside. Strong...

rahuljaiswal1580

Gap formed on march 12th acted as a strong resistance which was tested multiple times. Stock is moving in a clear uptrend forming HH & HL and with a good accimulation near its resistance area it has given a clear breakout with massive volumes and good relative strength. Now it is at very crtitical level i.e. its previous support, which has now become its...

rahuljaiswal1580

Stock has formed a classical flag and pole pattern and has given a clear breakout supported with good volumes and strength in RSI. A good upside rally could be seen in few upcoming sessions. Let's wait for some price action. My view: Bullish for short term view. Disclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading!

rahuljaiswal1580

After forming back to back red candles from last 9 sessions, stock has seen some profit booking today. Also taking support of the lower trendline it has given a breakout from triangular pattern. It has also witnessed some strong OI today and a positive price change with strong OI clearly depicts long build up. It could rally more for coming few sessions. Let's...

rahuljaiswal1580

"GAPS ALWAYS GET FILLED" - If not tomorrow, may be sooner or later - WAIT FOR THE PRICE ACTION! Hope all you witnessed the glenmark story. If for any reason (profit booking or short retracement) stock breaks 900 level again, it can see a sharp fall towards downside to fill the gap. RSI confirms the overbought zone. Do not be in hurry! wait for some good price...

rahuljaiswal1580

With positive sentiment ahead of quaterly results, a great momentum can be seen in this stock which has simuntaneously confirmed its breakout by sustaining above b/o levels as shown in price action. The view is bullish on stock for a swing trade as volumes are quite high which represents instituitional buying at this levels. Let's wait for some more price action...

rahuljaiswal1580

Price action clearly depicts the strong bearish view for short term. Prior to the failed breakout price action was quite bullish but after the breakout failed the stock has continuously made LH & LL which is a classical bearish price action. RSI confirms the strength of bears and weakness of bulls. Once the RSI falls below 40, one can expect a sharp fall with...

rahuljaiswal1580

Classical head and shoulder has been formed. Neckline (support): 200 Let it break 200 levels to confirm H&S pattern. If it breaks 200, momentum could be swift towards downside. Let's wait for some more price action and trade with caution. Disclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading!

rahuljaiswal1580

classical inverted flag breakdown pattern. Stock has finally given a breakdown from channel. From here it may continue towards downside or may be after a short retracement/retest it would continue its downtrend. Let's wait for some more price action. Trade with caution! Disclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading!

rahuljaiswal1580

Looking weak

rahuljaiswal1580

Please see the comments

rahuljaiswal1580

NSE:COLPAL After a big rally seen in pharma sector which is now taking a pause and FMCG stocks on the other hand giving good upside moves after a consolidation depicts that the momentum has now been shifted to FMCG sector which can been significantly noticed by seeing the price action in CNX FMCG. After a big move in Britannia and HUL, also ITC. Price action...

rahuljaiswal1580

Bullish breakout setup

rahuljaiswal1580 Updated 

NSE:HINDUNILVR The stock is retesting is previous crucial resistance levels and indicating a bullish biased positive setup. The key points supporting my analysis are as follows: -> The resistance level has been tested multiple times...hence has become weak and leaves a good probabality of upside breakout. -> After not sustaining at 2200/2300 levels due to...

rahuljaiswal1580

NSE:EQUITAS Stock has given a good bullish breakout supported by massive volumes and good RSI confirming the charge of bulls. The breakout is sustaining with good volumes indicating excess demand over supply which confirms strong buying at this level. View: Long for a short term view (if it sustains above 60 levels) Keep tracking. PS: Trade with caution or...