Roopesh80

Roopesh80

Geojit has given a fantastic run up and broke the previous major resistance....It is now coming down to its demand level....You can start accumulating at 50-60 levels and aim for the last high, but price action has to show buyers are interested....I will be buying at those levels and will average down....Multiple sell orders till 150 and higher.....

Roopesh80

UFO moviez is an interesting stock, coming to an interesting level...The last bounce it made broke a major resistance, but that resistance did not become support, which is concerning....But it is coming to a major demand zone. Look for price action to show some consolidation and break or if you don't want to wait, buy small quantities and but little bit every time...

Roopesh80

In hindsight it was clear where Zee share wanted to go....45-46 should be a logical location where major buyers should step in, provided there is some catalyst for the stock.....But considering the current market environment, it could consolidate here for God knows how long.....Bearish moves are fast and quick, bullish moves take a long time as everyone is scared...

Roopesh80

RITES pays dividends, stock split etc.....but it has given major bamboo to its investors after the major run up...The most likely reversal area is around 150-160....provided we see some price action there....I wouldn't have much hope unless the overall Indian market sentiment improves.. Why can't they remove LTCG tax? FIIs are getting better returns putting their...

Roopesh80

This stock is drunk...300 being key level...if that breaks....hello 100s or even 2 digit area....Lets face it, we are in a mini bearish market trend in an overall bull trend, the question is when will FIIs stop their selling spree?? I have no idea, but this company is in the business of making booze....and booze never goes out of demand.....I am buying small...

Roopesh80

This stock has been on a downward spiral since the big bang.....It lost its last level of support and struggling there....Either this will be reduced to a penny stock, or we can expect a reversal....Unless govt does something to revive the sentiments in the stock market, many stocks will be revisiting their lows.....many will break their lows, crores will be wiped...

Roopesh80

Highly manipulated, yet very enticing as the risk reward seems excellent.....From a peak of 4500 to now 600 levels....It can retest 525 levels again as no proper double bottom has formed. I have started buying small amounts and averaging down, with multiple sell orders till 4500....My selling will begin in small amounts once it crosses 10%, with increments of...

Roopesh80

Nifty has been on a one way rally after breaking out of the orange channel and made a new green channel....Now it is in corrective phase, and it could rally from here....2 questions we have to ask, are the valuations justifiable at these levels and secondly is there a catalyst to take this higher....Frankly when markets go up too high too fast, the corrections are...

Roopesh80

VIP has lost its sheen for a while now...but for a bull case scenarios, it is coming to a critical area of support. You can start buying here....The green trendline is your supposed friend as support...The red trendline is the danger area....I have started buying here and will average down....will keep multiple sell orders till all time high....FIIs are still...

Roopesh80

On a weekly basis the aggressive selling has shown lesser momentum....If you want to buy, wait for it to break the downward orange trendline at least.....you can start adding few positions with every dip, but the amount of investment has to be very small.....probably 0.25% of your portfolio as I don't know when big money will step in, we are in unchartered area...

Roopesh80

RBL was a Rs 700 stock, before falling from grace....we are clearly in a support area and i envision 2 paths for this stock, note the tight downward channel on weekly....there is buying interest with huge upside potential...Although stocks have a habit of making multiple trips to support area before an actual reversal, don't expect anything major for a while, but...

Roopesh80

I'm torn when it comes to this stock, it is a decent bank which had bad leadership and it has paid the price for it. But fundamentally, this is still a good stock. I see 2 scenarios, it can go to INR 10 per share, or if it respects the channel, I'm expecting a breakout anytime soon. Remember, market makers like to shake out retailers from any position, before the...

Roopesh80

Hathway Cable has been on a downtrend for a while. While it has Jio holding a substantial portion of it, it hasn't rallied as expected. But my view is that it is coming to a critical zone, it has support of one of the biggest companies in India, its financials are quite decent. Buy a little with every dip, and what i drew on the chart is how I envision the stock...

Roopesh80

Nasdaq has rallied and recovered losses for today. From a candle perspective, it isn't that big on daily....but....depending on data tomorrow, it may run up heavily to 18600+ or knowing institutional traders, they might go slightly above the ATH, gather all the FOMO buyers and then dump it to the FOMC candle on 4 hr chart which is around 18000. trade the day, it...

Roopesh80

US 100 is currently moving in a bearish channel. It could turn out to be a bull flag or a start of huge capitulation move....We don't know.....What I do know is as a day trader, I will sell at upper end of channel or last heavy resistance and buy at lower end of channel. My profit target is consistent at 50 pints conservative and 100 points if the market really...

Roopesh80

Delta Corp has been consolidating after that insane GST news, and forming an inverse head and shoulders pattern....Any break above 160 with volume would signify a strong trend change...I have started investing little by little, my target is 450++, take positions at your own risk....

Roopesh80

BCC has been respecting the major trendline in white and has given an impulsive move from the trendline, I'm expecting a similar move from the current levels, as it is forming a bullish flag pattern....You can enter this as a swing trading opportunity or a long term investment....its a Bajaj company after all.....My target is 540+++....Use proper risk...

Roopesh80

If Kitex breaks the key monthly resistance level, we can expect a measured move....You can expect 4x returns, but you will need a lot of patience...I'm already invested and will stay invested till it reached 800+....Happy Investing...