ShobhitAgarwal

ShobhitAgarwal

Do I need to see anything more ? Broken all moving averages daily and weekly. Broken box range. Fundamentals are challenged. Tough times ahead for telecommunication industry. It should retest levels of 277 in days to come.

ShobhitAgarwal

Waiting to fall from the cliff. Interesting to see how many times it will take support at 1615. If it breaks this support level, 10% downside looks visible. next support is at 500DMA.

ShobhitAgarwal

Both Cairn and Vedanta are going to pull each other. Vednta has just broken 500DMA and will be a free fall from here until it finds support at 50DMA. Extremely rewarding trade with upside of 13% and stoploss of 2% CAIRN chart is corroborated with drop in USOIL prices. It is a high conviction trade.

ShobhitAgarwal

All indicators are pointing towards that. 1.) USOIL is dropping like a stone 2.) USDJPY is appreciating quite fast 3.) SPX is off its peak level

ShobhitAgarwal

It has high Correlation to Crude and it should catch up with the fall in crude prices. It can also be seen that it reversed strongly from 500 DMA. Next support is after 15% fall. Risk reward is 4.84. It will be a free fall.

ShobhitAgarwal

IT is anyways looking weak and it will lead the correction for Indian market, whenever it starts. I expect Infosys to lead the pack, it should find support , right at 938, which is also 200WMA. INR is looking strong and it should provide the impetus for the fall. Pairing this short with a long in LUPIN, will be a good strategy in my mind.

ShobhitAgarwal

Longer time frame. Decent risk reward ratio of 3x. LUPIN seems to be settling above 200DMA and the next resistance is at 1878. It should reach there in a month or so.

ShobhitAgarwal Updated 

Highly favourable trade. Found support 2nd time at 200DMA and inside bar indicates trend reversal for the stock. Falling crude prices also bolsters the view. It is a text book example of triangle formation and should breakout on the upside.

ShobhitAgarwal

Engulfing candle. Ripe for correction. Should find support at FIB 38% retracement level. Extremely favourable risk reward trade.

ShobhitAgarwal

Bit late in publishing this idea. Call was given at 725 level and its already down to 704,but further downside expected upto 650 levels easily. Engulfing candle has also appeared, which has reinforced the view. At 650, it will complete FIB retracement of 38%.

ShobhitAgarwal

Results were bad and guidance is dismal. Technically, Infosys is all set to test 200 WMA and may find support around 945 levels. There is good 10-12% immediate downside visible from here. Fundamentally, Infosys is trading at 15-16 1 yr forward-looking multiple. Given guidance of 10-11%, it is surely going to get re-rated along with the whole of IT sector.

ShobhitAgarwal

Flirting with 200DMA. If breached, no resistance in sight till 163 levels. Maintain stoploss at 135. It has shown good breakout from resistance level of 135.

ShobhitAgarwal

Reversal of sorts at the higher end of the channel. It should correct upto 125. Extremely favourable risk reward trade. Stoploss at 138.5

ShobhitAgarwal Updated 

1.) 50MA is crossing 100MA 2.) It has broken resistance at 173 convincingly Looks all set to touch 198

ShobhitAgarwal

THREE REASONS - PIN UP BAR AT 200DMA - CLOSE ABOVE 100 AND 200DMA NEXT DAY CONFIRMS REVERSAL - STRONG SUPPORT AT THE LOWER RANGE OF THE TREND CHANNEL. (LT BULLISH TREND INTACT) HIGH-RISK REWARD TRADE. MAINTAIN STOPLOSS AS IT RESULTS EXPECTED THIS WEEK

ShobhitAgarwal

Extremely favourable risk reward trade. Stoploss at 503, just above 200 week moving average. Extremely important level for any stock. It has broken the resistance level of 500 and may soon breach 100 DMA. First target is 540 and second target is 576. This trade does derive comfort from the general breakout of pharma sector in India.

ShobhitAgarwal

1.) Extremely bullish pattern on weekly chart. 2.) Trend lines breached The direction of crude oil prices feeds directly into global inflation expectations. And rising inflation expectations are bullish for bullion. So fundamentally, precious metals should do well. Silver has another reason to do so. its demand for electronic components.

ShobhitAgarwal

Three reasons ;- 1.) Close above 200 Day MA after a long time 2.) Breaking out of the triangle and a strong resistance line at 225. 3.) Break out above 211, strong resistance trend line.