vvek_nishu

vvek_nishu P Updated 

After the post on Feb 1 LTIM has broken out of its distribution zone and is now (most probably) starting an uptrend. Those who weren't able to trade it can now enter with the greatest RR this trade could've given. Stock has retraced back to the golden Fib zone and has made a strong bullish candle. Enter above this high and place your stops just below yesterday's...

vvek_nishu P

AMARAJABAT recently broke its consolidation structure and formed a higher high marking the probable beginning of an uptrend. I have taken a long position after the script retraced 50 % and tested that level twice. Trade RR is 1:3.5

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VEDL had previously crossed below it's swing low marking a downtrend but it has since held onto the level and tested its swing high twice. Stock can turn bullish after crossing the level.

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BANKBARODA long positions can be taken if it tests the demand zone below or if it retraces back towards the swing high after testing the supply zone (do not trade the supply zone until stock rests a while after testing it). (Not a recommendation to buy, just an analysis)

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BALRAMCHIN is heading down after a retracement and the 20 & 50 SMA have also made a bearish crossover. Short after the price crosses the swing low or day low. Target till 345-340

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BAJFINANCE is also stuck in a zone of a strong support and resistance. Even if the trend might turn upwards after breaking the swing high, we should only create long positions when the price retraces towards the breakout point or consolidates ABOVE the swing high. We can also look for a short trade upon a breakdown from the swing low. The moving average is 50 SMA...

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$AXISBANK 's retracement (daily TF) might be over as it is showing signs of strength on it's rising window. We can look for an intraday entry if the price spends some time at the swing high and then breaks out or we can also enter as a swing trade for a target till the recent swing high on daily TF.

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$APOLLOTYRE has made a spinning-top (small body and long wicks) with very high volumes at a resistance. Stock was also making bearish divergence and has now closed below RSI 60. For a swing entry, short below spinning-top's low and place stop between open and close of the candle and target 2-3 times of the candle. For intraday, wait for a break below the swing low...

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NIFTY stuck between strong supply and demand zones.

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$NIFTY has retraced down to 61.8 % on Fib retracement and is on a rising window (gap). RSI is also forming a bullish divergence and inside a bearish channel, so a continuation to the upside at this point will seem prudent. Also, there is a chance that the trend might actually turn into a downtrend if the recent swing low gets broken since it has a lot of volume on...

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INDUSINDBK also retracing back to fib 50% and RSI 60 on hourly TF. Find trades accordingly.

vvek_nishu P

$INDUSINDBK might already be on its way to resume the downtrend. Script is currently facing resistance on the previous support and RSI 60 (I take RSI 60 and 40 as dynamic support & resistance thresholds). Also, 20 & 50 SMA have had a bearish crossover.

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CNXPHARMA has come a long way down towards resistance. Now, in order to breakdown from here it needs either a pullback or a long consolidation for a healthy continuation towards the downside.

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HCLTRECH also consolidating near swing high into a triangle. 20 SMA has crossed over 50. Goodnight!!

vvek_nishu P

After a long distribution period, LTIM might be on its way to a breakout. Stock has formed a two day flag-consolidation on the top of the range and has broken above the 20 SMA. Also the stock is forming this consolidation near the 50 SMA. There is also decline in volume after the rally.

vvek_nishu P

CNXIT is pushing higher-highs even after all others have slumped. Price is at a consolidation/retracement at a higher level and also above 20 & 50 SMA .

vvek_nishu P

CNXIT is pushing higher-highs even after all others have slumped. Price is at a consolidation/retracement at a higher level and also above 20 & 50 SMA.

vvek_nishu P

CNXFMCG is currently in a consolidation after an aggressive uptrend. The 20 and 50 SMA (daily TF) have also started to converge signaling towards either a long consolidation period (and then continuing upwards) or the start of a downtrend on an hourly TF.