vikasbhekare

vikasbhekare

Axis Bank is trading at its 52-week high and all-time high. There is no resistance on the upper side. Volume is increasing. The relative strength index is above 60 daily, weekly and monthly. The cup and handle pattern is visible. If the prices retest the neck level, 987 - 985, it would be a good entry-level with a target level 1045. We can achieve a 4...

vikasbhekare

Central Bank Of India looking bullish. One can clearly identifies Cup and Handle pattern on weekly time frame. If we measure the cup depth, it would be the target on up side which is 65.50 in this case. Very small stop loss with high risk reward ratio over 6. One can stretch the stop loss below previous swing low. RSI is above 60 on daily, weekly and monthly time frame.

vikasbhekare

DISHTV long set up If the prices cross 21.50 levels that would be the entry point with stop loss @ 16.30. With target 39, we can achieve over 3 risk reward ratio. RSI has been hoovering above 60. It looks like it has been making ascending triangle.

vikasbhekare Updated 

NIFTY on 75 mins time frame Retraced a little more than 0.5 on Fibonacci levels If you compare two bottoms around 19320 levels with the relative strength, one can easily identify a bullish divergence. If NIFTY breaks the trend line we can see upside move 19680 19770 19900 If it dose not sustain 19480 levels we may see downside move

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IDBI is looking bullish on Daily and Weekly TF. It has surpassed 0.382 % on fib retracement, which shows strength. Also, it has crossed its previous higher high (55 Levels). RSI is above 60 and inclining. We may see 90, 115 & 150 levels if it continues the uptrend. A stop loss order can be placed below 42, the previous swing low.

vikasbhekare

RAIN looks bullish on a weekly time frame The 0.65 retracement looked to be done last year in June with low of 128.60, since then it has been consolidating in a certain price range. Recently it has crossed its previous higher high with RSI inclining above 60. If it is starting of 3rd wave the n we may achieve 1st 3 targets in no time. It would become weak below...

vikasbhekare

TV18 Broadcast LTD has broken neckline of the head and shoulder pattern. If it retests level 45 - 43 and then move upward, we may see levels 59 - 60.

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Trident on the one-day time frame It has retraced .65% and changed the trend. If it was 2nd impulse wave, it is ready for the most crucial 3rd wave of impulse as per Elliott Wave Analysis, which can take the price up to 133 levels in the near future.

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Ashok Leyland has broken Cup nd Handle neckline 167 - 168 levels. It looks bullish on weekly time frame with RSI above 60 pointing upward. It would be a good entry point if it retest neckline. If it continues the uptrend, we may see levels 300 in a year or two. It a good investment stock to hold for a couple of years.

vikasbhekare

IOB is been making rounding bottom or cup and handle pattern. If it continues the up trend, it is good for a short term trade. Buying around 30 would be a great entry point which will give you 1 : 2 RR with stop at 19.

vikasbhekare

Nifty has been consolidating for a couple of last sessions and trying to break the trendline on the upper side. It is a high probability LONG trade setup. RSI is showing strength as it moves upward, touching level 40 on a 2-hour time frame. That would be the entry point if it sustains 19445 levels and retests it after breaking out the same. Levels to watch on...

vikasbhekare

CNXFINANCE (FINNIFTY) tried to break the trend line but was not successful. However, retracement 0.68 % is over and ready to move upside. A positive point, RSI showing bullish divergence on 15 mins time frame. FINNIFTY has to break 19951 levels with big bullish candle and retest the same level. That would be the entry point. The first target would achieve more...

vikasbhekare

Nifty has broken the trand-line and retested the green zone (0.236 to 0.382). If it is the 3rd wave, its going to be upward with momentum.

vikasbhekare Updated 

Nifty MNC may crawl up a bit to make 2nd top. RSI is making divergence and showing bullish sign. Good entry point for this trade would be 22213 if it breaks strongly and retest the same levels. No trade below 22154 levels. Levels to watch on lower side 22154 22213 Levels to watch on upper side 22378 22465

vikasbhekare

It seems Nifty IT is about to break the trendline on downside. If it does, then certainly it would be great trade with RR 1:4. It will become again stronger above 30740 levels. It broke that levels once but could not sustain the same. However, it shows bears are more stronger than bulls. RSI has been oscillating between 60 & 40 levels. Watch for level 40 break...

vikasbhekare Updated 

We may see a small upside tomorrow. It has crossed 0.382 (Fibonacci) levels and taking support. If it creates bullish candle between 0.236 & 0.382 levels, that would be the entry level with RR 1:2. Also we can trail the stop loss to maximize the profits. RSI almost crossed level 60 Monthly expiry tomorrow, hence, be cautious

vikasbhekare Updated 

Nifty is retraced to retest the trendline breakdown levels on 75 mins time frame. Wait for bearish candle between 19843 & 19751 levels. If it dose happen, we may see fall on downside. One more thing to consider that RSI is approaching 60 which is not in favour of the trade. However, wait and watch the trade before making any position.

vikasbhekare Updated 

Nifty can show upside move on 15 mins time frame (intraday) when open on Monday It crossed 19635 levels and retested the same. The relative index strength approaching 60. The levels would be 19708 19745 If it falls below 19600, we can see levels 19518 19456