GunjanChokshi

GunjanChokshi

The stock has been trading in a 42-week consolidation. Today, it broke out from a downward sloping trendline connecting the high of June 2021 to that of January 2022, on above average volume. Simultaneously, its RS Rating has trended upward. The slope of the momentum indicator RSI on multiple timeframe charts has turned upward with a positive MACD...

GunjanChokshi

Stock has rallied nearly 127.8% as compared to 19.3% for the Nifty500, in the last twelve months. The EPS good is exceptional indicating strong outperformance in earnings growth. Accumulation/Distribution Indicator showing strength This indicate heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors,...

GunjanChokshi

Crude oil - 78.6 % Fibonacci Retracement 121.3 level.

GunjanChokshi Updated 

The stock has given a trendline breakout after a few days of consolidation. Today, it has formed a big bullish candle with the formation of a higher-high and higher-low price structure on the daily chart with improved momentum in RSI and MACD.

GunjanChokshi Updated 

If NIFTY close below 18051 then we can see more blood on floor Stay cautious....

GunjanChokshi

TRADE SETUP After a small correction stock has been trading sideways and hovering around its 100-DMA. On Oct 19th stock broke out from sideways and also retook from its 50 and 100-DMA with higher volume. RSI, MACD and ADX suggest positive strength in this counter. Thus the position can be initiated between INR 165-168. STI BUY ZONE ₹165.00 - ₹168.00 STOP...

GunjanChokshi Updated 

TRADE SETUP After a double bottom breakout stock moved sideways and On Sept 29th stock retook from its 100-DMA with higher volume. RSI, MACD and ADX suggest positive strength in this counter. BUY ZONE 81.00 - 82.50 STOP LOSS Stop-loss is currently set at 76.50. GOAL / Target : 1st 85.15 ( Short Term ) for Long Term ( 100 ) Our aim is to take ~16% EARNINGS DUE...

GunjanChokshi

Be cautious ⚠️ NIFTY trading at strong support level if break then it will be 200 point down side 17440 next target

GunjanChokshi Updated 

Nifty Extension 1.618 Level 15470 Stay Cautious

GunjanChokshi Updated 

Nifty Trading at Long term swing support price 11011. if break then Nifty may touch 10800.

GunjanChokshi Updated 

SBI brake major trade line monthly at 175. now final support at 78.6% Retrecement @ 151.

GunjanChokshi Updated 

Crude Oil face strong resistance 1695 level ( 23.6% retracement level ) and Hr Chart RSI above 80. Sl 1720 T1 1625 T2 1590

GunjanChokshi

Buy SBIN at current level 175 with SL of 170 T1 180 T2 190 Double bottom formation. RSI Hr chart below 30 ( over sold level )

GunjanChokshi Updated 

Sell Maruti at Current price with SL of 5350 ( 38.2 % Retracement level as well as double top ) Tgt 4900

GunjanChokshi Updated 

Nifty near 50 % of its retracement level 9869 , So Stay Alert. on hourly chart RSI 14 above 80. so anytime will see profit booking.

GunjanChokshi Updated 

TCS 1907 double top level if cross then buy with SL 1887 with TGT 1969 ( 61.8% Bounce back from high to low )

GunjanChokshi

Banknifty face reistance between 19860 to 19900.. if cross and sustain above 20100 then 1st tgt 20900 and 2nd tgt 22200

GunjanChokshi Updated 

Reliance Face Resistance Around 1328 61.8% Retrecement level. if Cross and close above 1350 level you can see 1450 levels. Thanks Gunjan Chokshi Investallign