rohitkatwal

rohitkatwal

We are finally done with the Karnataka Elections 2018. It was a high drama and at the first moment recognizing a hung assembly, markets started to turn. BJP was leading and markets touched 10900 in opening trade. As soon as the leads vs actual win started to get clear, Nifty started declining. 10692 was a tripping point which was broken on Friday. There were...

rohitkatwal

NSE:MRPL can be bought with a target of 135/140 with stoploss of 127. Breaching of stoploss is a failed channel breakout.

rohitkatwal

NSE:PCJEWELLER has given all time breakout with good volumes. It retraced into the channel and rejected it again. It can touch 430 440 in coming days. I trade options so no specific stoploss. I will exit when price volume action is against me or when my target is reached.

rohitkatwal

NSE:BERGEPAINT Breakout from channel on hourly charts. Must sustain above 259 till 10:15 am for confirmation.

rohitkatwal Updated 

On NSE:NIFTY I wanted to go long with my positions above 10350-10360 zone. That was exactly +53 point and +60 point on Nifty for the day. I have to admit, market kept me on the edges. We have now an Inverted Head and Shoulder on 2 Hourly chart plus a strong resistance at 10350-10360. Breaking of this point is must for conviction in the further bull rally....

rohitkatwal Updated 

NSE:ACC has broken its support of 1710 and might drift downwards till 1675/1600 levels in coming days. One can avoid the stock if it jumps in tomorrows trade as it would have taken the support and negated the sell. Once it starts moving down, it can be shorted for1675/1600 level with a strict stop loss at 1720. The pattern can also negate from 1690 and...

rohitkatwal Updated 

NSE:CEATLTD is a good buy above 1800 and can even touch 1900 if Nifty starts moving to the upside. Considering Volatility, stoploss can be at 1780. Trade is only good if we have a breakout above 1800 else we may see retracement to lower levels.

rohitkatwal Updated 

NSE:DRREDDY With a stop loss of 2300 Drreddy can be shorted for targets of 2160/2060. Once it starts moving without hitting stop loss, a trailing stop loss can be used.

rohitkatwal

NSE:CASTROLIND Can be shorted with a target of 388 and 382 with strict stoploss at 397. Trade is on 2 hourly charts so patients is must.

rohitkatwal Updated 

NSE:AJANTPHARM Risky traders can buy ajantapharma at cmp near 1264 with stoploss at 1255. Crossing 1280 will confirm the trend and subsequent stop can be trailed. I wont be updating the idea. Do at your own risk.

rohitkatwal Updated 

NSE:NIFTY Last month I predicted markets to start falling post diwali. I think I was early by 10 12 days. As soon as the major players had declared earnings, markets started to fall. I was beginning to think that this year markers are different from past 15 years. All the major companies in daily or hourly charts were giving buy signal post Diwali and those...

rohitkatwal Updated 

NSE: will take support at 10180 and bounce or if we are in luck then 10130. Further analysis later on.

rohitkatwal Updated 

NSE: Channel breakout after failed breakout to upside. 1600s can be on cards.

rohitkatwal Updated 

NSE:DCBBANK coming to target of 165/160. Its in perfect down trend.

rohitkatwal

NSE:NIFTY on hourly charts rejected the gapup and upside movement on 22 and 50 Moving Averages. Moving averages provide a resistance level for dead cat bounce after a fall. Nifty can head to test its previous support of 10250 and 10130 in 3 4 days.

rohitkatwal Updated 

NSE:HINDALCO has been making a channel for last few days suggesting a channel breakout soon. Since it had a bull run previously and results are already out, there are no more buy trigger in the near future. Close below 263.50 on hourly charts can take it further down.

rohitkatwal Updated 

NSE:BAJFINANCE has generated a sell signal on daily charts but 1780 is acting a tough support from yesterday on hourly charts and 1810 a tough resistance. For further downside it needs to close below 1880 on hourly basis else chances are it can bounce back. Downside targets can be 1700 and below.

rohitkatwal

NSE:CUMMINSIND Target of 840 820 in the coming days. Since it has breaken the channel, it is safe to assume that share was being distributed at these levels till now and have started moving lower now.