saurabhuttamchandani

saurabhuttamchandani Updated 

After a long consolidation from oct 21, the stock has given a beautiful BO. The stock has also clossed a weekly candle above its strong monthly resistance with dammmmmn good volumes. MACD has also a given a bullish crossover. Already holding and will be adding more.

saurabhuttamchandani

Looks good momentum play. First rallied through double bottom, now broke through swing highs. Expecting momentum to continue and catch it. Volumes kicking in too.

saurabhuttamchandani Updated 

PSU sector being the hot topic, one of the script that is looking good currently is bandhan bank. Stock was trading in a parallel channel, today has given breakout from it. Also broke thorough a resistance zone in past couple days, that too breakout retest has been done. Plus the stock is continuously trading above 60 RSI, which is a good bullish sign. Also...

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After a healthy correction, DR REDDY is now at great discount. It is in a good support zone. DR REDDY also has great financials, one can totally add such a stock in portfolio or increase stake. If bounces from here right away, will be looking for a short term bet too.

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After loong correction, amar raja batteries has formed an inverted head & shoulder (reversal pattern), with pretty decent volumes. Also RSI is above 60. Personally have gone long.

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Lic housing finance constantly rebounding from support zone of 366-376. Got a double bottom formation too, plus a positive divergence. Got multiple emas support. Personally have gone long and will be keeping a sl around 360

saurabhuttamchandani

LT looking really good for long. Trading in a channel and an uptrend from a long time, recently gave a breakout and now taking a breather before continuing the rally. Volumes are also intimidating. Holding the ground beautifully. Have already a long position, will pyramid as it breaks this 2-3 range. Also good stock for long term. Goodluck:)

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Marico standing at support and has made, can consider a morning doji star or even inverted hammer. If market turns negative defensive sector could be in focus. FMCG sector has anyway given breakout of range.

saurabhuttamchandani

ABFRL looking good long. Given a small trendline breakout and also a ascending triangle pattern breakout. After breakout it gave a retest or can say consolidation, which COULD be for another one or two day. Volumes are damn tempting. Can go long at these levels too. Gives you a good risk reward too.....

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Clear chart. PEL facing trendline resistance, could give breakout. Buying seen from couple of days in increasing volumes. Levels are given, happy buy:)

saurabhuttamchandani

LTI after long downtrend has now bottomed out. Now its showing signs of reversal and gonna form double bottom. Also volumes are increasing from last couple days. Suggest to go long above 3680 as could face a minor resistance, although will definitely will give big upmove. ANYWAYS, levels are all given.

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Pretty much self explanatory. Looking good, bouncing from good support after a huge selloff, could consolidate too, soo, will go long above the previous candle's high. Levels are marked too.

saurabhuttamchandani

Kotak mahindra looking good. At good support level right now and rising back after a major selloff, will go go long above the candle's high.

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Colpal looking good above today's high. Today given a breakout out of few days consolidation and a trendline breakout too. Good long candidate as FMCG sector also at the verge of breakout. Or can go above long above 1600, as being a psycological number will act as resistance.

saurabhuttamchandani

IDEA is at support level taking price rejection from below. We've got this trendline too acting as a resistance and after a nice downside move IDEA is now ready to fly. The main reason I'm bullish is, the stock's rsi has gone to 30-34 levels only once after covid fall and risen everytime and now it's at 34. Plus, market rising from support gives another boost to...

saurabhuttamchandani

HEROMOTOCORP looking good shorting candidate. Yesterday it gave breakdown of trendline but there was a neckline support of head and shoulders pattern so waited for it to break and today gave breakdown of it too. Now we are looking for a trendline and head and shoulders breakdown with good volumes. Plus for confirmation we've got macd and 9/21 crossover, also rsi below 40.

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Coforge after giving trendline breakout yesterday, today retraced to it and bounced and has formed cup and handle formation. Although it tried to give a breakout of it too, but didnt sustain. Volumes are good and also there is 9/21 ema and macd crossover confirming our entry in the stock. Now, we can enter in it above 2700, coz it being a psychological round...

saurabhuttamchandani

Star pharma today gave a trendline and head and shoulder breakout with good volumes. Rsi also standing at 42 and below 40 it will become outrightly bearish and a good shorting candidate. Macd also made a bearish crossover confirming our entry also backed by 9/21 ema crossover too. Happy shorting:)