Dr_AtulGoswami

Dr_AtulGoswami

After 4 months trading in range, Indusind bank broke down the range last week. Now it has started rising and entered the same channel again. It is showing positive sign against EMA200 and Supertrend . I think with this setup , it has potential to go up in the coming days until it hits the middle line ( around Rs. 1200) in the channel and then upper bound.

Dr_AtulGoswami

There are few stocks showing "buy" signals . I'll avoid Adani stocks as the volatility is very high in those counters. I'll go for shorting HeroMotocorp if market shows some weakness. If market is in green then i'll go for stocks showing buy signals. These signals are generated on Daily data against EMA 200 and Supertrend cross.

Dr_AtulGoswami

Hindalco making an inside bar today. A big move is expected in this stocks Considering gap down of yesterday, it will need to lot of strength to go up and fill this gap, instead i believe it will go down further and lower end targets as shown in the chart in coming days. but as we all know, market can ourtsmart all of us.

Dr_AtulGoswami

Using danny_peanut's valuation rainbow, i see HUL at very high valuation level. Lets see if it comes down to reasonable level in coming weeks

Dr_AtulGoswami

200 days ema and supertrend signal shows downward movement for TataSteel and Buy Bajaj Finance I generally suggest go with teh trade in markets direction so if Nifty stay positive, we should go for Bajaj Finance buy.

Dr_AtulGoswami

Multiple time cycles are bottoming out today and that ay lead Nifty to close at lower level. That also means from tomorrow it may start rising again. Good day to wait and invest around closing hours .

Dr_AtulGoswami

Nifty is making inside bar today, i expect a goof breakout above 17789 or below 17592. Watch out for these level and take position accordingly. you can use the indicator i have developed to identify insidebar.