Roopesh80

Roopesh80

AVT was supposed to bounce at around 62 level, but it broke through...I have started buying a little and will continue to buy till it hits the trendline...Those looking to enter can do so now, or wait for some more bottoming process and keep multiple sell orders till ATH

Roopesh80

There is some buying from this level....plenty of resistances it has to cross, there is the immediate upper resistance, it is in a downward channel....so those who want a short to medium term hold, can start accumulating and keep multiple sell orders till 444....my targets go on till 600....Use your own risk management....

Roopesh80

Nothing positive to take the market higher....In a bear phase, good news doesn't have any impact. I have marked the possible areas where nifty could potentially reverse....But its in the red channel now. The green channel has broken, and market may go up to retest the bottom of the green channel...But currently its a sell on rise market till its not....For those...

Roopesh80

I see 2 pathways for Nifty.....But for both 21200-21800 will be the key deciding zone....Based on what our honorable FM said....this level will be the deciding factor of the shock absorbing capabilities of the retail investor.....But whether she is aware of it or not, the govt has been messing with the suspension system of the retail investor.....by bringing in...

Roopesh80

I'm not calling for a crash, but generally when markets keep pushing higher, it needs to cool off, the problem with bulls is that they have no restraint, bears are way more tactical and when bears make a move, it is fast, furious and a lot of complacent bulls get slaughtered....I expect nasdaq to reach their 0.618/0.5 retracement levels and if structure remains in...

Roopesh80

Westlife is consolidating in a convergent triangle, and might take some time to break down and break out.....There are levels 498 which hasn't been tested yet, but nevertheless, I see 2 scenarios for this stock....with the current market conditions it is possible a breakdown could happen....If you are buying this stock, make sure you get it at the lowest price...

Roopesh80

Hathway cable is coming to an interesting level....Long term support....a term that is loosely thrown around.....In this market no support is dependable.....Buy a stock at support and pray to the Trading Gods it will bounce.....In any case, prayers aside, Hathway Cable could bounce from here, I have initiated some buys, multiple sell orders till 75......start praying....

Roopesh80

FIIs still aggressively selling, they are selling with a vengeance....Indian investors can only look and weep because we are idiots caught up in the euphoria....Meanwhile those who are trading options can look to buy puts on every major rise, but I don't do options as it is a sure shot way to deplete your capital.....Put all your losing stocks in SIP mode, as in...

Roopesh80

I see 3 scenarios for Adani Enterprises....Keep in mind that most Adani stocks are heavily shorted by those with vested interests.....They are growing exponentially and that has ruffled many feathers locally and abroad. Fundamentally a great stock.....Technically the price looks weak.....Seriously nobody can grow in India without being accused of something or the...

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...