rakeshreddym

rakeshreddym Updated 

Reliance heading to test 2350 2300 levels again watch out for 2425 below sustains Enter short and stop loss is 2450 Target go for 2350 to 2300 .

rakeshreddym Updated 

Crude reaching at crucial support and demand zone where it rallied to higher levels, watch for 6000 area for positive price action to go long.

rakeshreddym Updated 

Banknifty nicely moving up with bullish flag and pole pattern going by this one can wait for the dip to 43050 level or 42850-42900 area with positive price action take long position. If day highs breaks wait for any confirmation candle to go long.

rakeshreddym Updated 

Banknifty only lifted by Nifty pvt bank all other sectors were neutral, all banks gave good run up, time to be cautious on top. 43775 below short stop loss 43900 Target till 43000 this week will update more comming days with market moves.

rakeshreddym Updated 

Banknifty if you observe the pattern each time it is far from 200 moving average retracing back to it and then deciding the trend or move from there i'm ecpecting it to retrace this week to 40800 area,

rakeshreddym Updated 

bank nifty levels to trade on wednesday 41800 look long on this area, 42500 area look for short in this area and 42000 to 42100 look for long. 42600 above sustains more upside move expecting. 41800 below sustains more downside move expecting.

rakeshreddym Updated 

SGX nifty is in rising channel above 17735 it will reach 17800 target.

rakeshreddym Updated 

Havells India is in bearish channel making Higher lows and lower lows now at resistance level,look for shorting with price aciton at current level to 1200 area stop loss 1212 Target of 1156 to 1135.

rakeshreddym Updated 

BankNifty making pole & flag pattern while going upside same expecting this week if it has to continue with bullish sentiment.any dip to 42000 area and 41800 area is buying area, only below 41800 price sustains then we can plan for shorting. 42200 above no proper resistance is there next 300 points would easy move to upside till 42500 42600 area. Levels to watch...

rakeshreddym Updated 

With India vix at lower levels where it took support and bounced multiple times to levels of 15 to 16. Cautious going long on both indexes from current levels and PCR levels are also 1.4 usaual profit booking happens around 1.5 to 1.6 levels who ever are in long that will bring fall in indexes. This is only my view trade accordingly with price action and levels .

rakeshreddym Updated 

Today opened gap up sustained above seems bulls are strong buy on dip scenario applies. 41200 buy stop loss 41100 Target 41350,41500. 41400 above sustains buy stop loss 41300 Targets 41500,41600,41700. For shorting as of now price action not suggesting any, for reversal watch for the levels 41500 to 41700 any negative price action there one can short.

rakeshreddym Updated 

Cummins India at demand zone go long above 1580 stop loss 1560 for target of 1600,1625,1650.

rakeshreddym Updated 

Reliance 2300 area crucial , now at 2330 there is falling trend line resistance at current level, any dip to 2300 level and holds with positive price action look for buy option to target of next resistance which is 2400 area stop loss 2280 .Gaps up dont chase we re analyse at higher levels at 2400 area .Below 2300 sustains we can short to targets time 2250 to 2200.

rakeshreddym Updated 

Balrampur Chini is at demand zone and in bullish trend ,go long at current martket price or 412 stop loss intermediate swing low 408 area Target of 416,420 and 425.

rakeshreddym Updated 

Bank Nifty though it gave a nice rally to upside after a gap up. Now at a level we have multiple resistance comming up above.40800 to 41200 and 41200 area gap needs to filled it may fill and respect the trend line from big picture, price will fall from there.On downside today gap up left a vaccant space at 40000 area it may or may not be filled but 8 out of 10...

rakeshreddym Updated 

Dow Jones in clear downtrend reaching now major resistance level to downtrend line ,Expecting price to fall from currel level area to lower levels of 32500 to 32000 this week.

rakeshreddym Updated 

S&P futures given break out from rising channel below 3900 it may test 3800 to 3600 this month.

rakeshreddym Updated 

HDFC Bank in clear down trend and is currnetly trading in rising channel any voilation below the channel 1550 will test 1520 levels there is a gap needs to fill also, if it holds the channel 1570 above it will continue upside to test 1575 to 1600 levels.