Rohitkhetwani

Rohitkhetwani

Something similar to my previous post of ICICI Bank, A strong breakout and stock is taking breathe. Will look to add till we are trading above the breakout for new highs as previously also we had a double bottom which suggests a further upside.

Rohitkhetwani

After 2 months base formation we had a strong breakout candle (Marubozu) & stock is taking a breathe from past 3 days. Also as per Fib extension we had a pullback exactly from 1.618 level Looks good till we are trading well above the breakout & targets can be 1180-1200 in short term

Rohitkhetwani

1.Stock had a strong base after a long downtrend & after breakout stock is now trading in range. 2.If we apply the Fib extension from breakout to base, can see 1550 was important level which is 1.618 level. 3.We can identify the Pole & Flag where breakout comes at 1550, but as per structure will keep adding on dips till we are trading above 1480-1490 which is...

Rohitkhetwani

1. A Major breakdown after making the all time high, stock is now trading near 200 EMA. 2. Also if we draw Fib extension from previous downtrend of October 24 3650-3750 can act as a major support in coming days. 3. If you recognize we have a bear flag formation at top that also suggest a pullback from 3650. Keep tracking the stock with IT Index to see for a...

Rohitkhetwani Updated 

Looking at a structure,i see this as a pull back rally to fall of 900 points in nifty recently, trend change only above 21800 till then my stance is sell on rise