Raju_Boggavarapu

Raju_Boggavarapu

Its definitely a good company. Ofcourse we cant expect to generate profits during covid situations. But it has so many franchises and can grow like mcdowells. For swing high and low its not that risky, but for long holding it needs some analysis.

Raju_Boggavarapu

Silver right now at a very strong resistance, this level has been acting as resistance since year. In uptrend, lets see whether it can break this level and sustains or cools down need to watch. RSI levels are saying its at overbought zone. Lets see...

Raju_Boggavarapu

Strictly for swing trade if we see a reversal in weekly time frame. Definitely not for investments as I can see no much growth in neither the company nor in the stock price much. But considerable facts are it had felt down 50% of its growth. If we find a reversal here where it already reversed once, we can go long for swing trade nothing more than that.

Raju_Boggavarapu

Downwards parallel channel breakout, retest is expected and possible for an upmove. Already had a healthy correction of 20% and its WEEKLY chart so long way to go, not a one day or tow days game clearly.

Raju_Boggavarapu

Ofcourse a good fundamental company, gave excellent results, recent positive news on the oil sector is good for us to go long, jio is doing well and moreover, 1830 - 1900 being an accumulation zone makes me look for going long. Targets Sl are mentioned in the chart.

Raju_Boggavarapu

Breaking 2300 level isn't a joke in Eicher motor. That can happen if banks and finances decided it to happen. It already broke negative trendline and if autos supports eicher can boom. Clear RSI bullish divergence is also visible.

Raju_Boggavarapu

RSI bullish divergence, 780 acting as good support, at the verge of channel breakout, todays high volume makes me being bullish on amara raja. Positionally 20% swing trade is possible. SL could be below 690. Entry at breakout of vhannel T1 : 870 T2 : 960 SL : 690

Raju_Boggavarapu

Other possibility of naukri

Raju_Boggavarapu

Double bottom formation at lower level. In consolidation in a bigger range. Good risk reward ratio. RSI suggesting buying level too.

Raju_Boggavarapu Updated 

Since January in 1D time frame, the stock has been respecting the upper trendline. And since December it's respecting the support at 4400, once broke it and retraced back very fastly. The path expected in drawn and technically upmove has more possibility.

Raju_Boggavarapu

FMCG, Pharma, IT, Metals major indices have already performed. Banks, Automobiles are the ones to start performing. Autos had formed a zone and direction will be clear once it breaks either up or down. Considering that nifty auto is already 15% down, and seeing the fact that it's staying strong in lower levels, an upward breakout could be possible. Stocks to...

Raju_Boggavarapu

Seeing the level Biocon is respecting and retracement from the lower side, it has a huge probability of moving up considering the boom in the pharma sector.