Roopesh80

Roopesh80

I had to redraw my channels from my last view. Sometimes we really have to zoom out to get the bigger picture.....I believe we may have entered a bear phase for the market. I have noted the important levels on the chart. I have outlined the possible path the market might take...There are plenty of untested levels below where massive buy orders are sitting. Of...

Roopesh80

I had posted a similar chart a few weeks ago.....US companies fundamentals may be good, but price follows technicals. There is still some more downside, which I think would be where JPow said Inflation is no longer transitory, then we see some consolidation, then another fall to shake out the bulls, by which time we would reach the bottom of the monthly channel...

Roopesh80

Not yet time to go heavy longs on Apple....If you wanna go heavy longs, 180-185 would be a safe level...If the channel breaks, then all hands in the air for a mega diarrhea fall.....I hope it doesn't come to that but....It looks like Wyckoff distribution at the moment for Apple....For very long term investors, buy some with every 10% dip.....

Roopesh80

I have explained everything on the chart....can't be bullish for the time being, except for some rallies in a downfall....Whales will step where JPow said the famous words, Inflation is no longer transitory....Honestly the sooner we get here, the better....but it could take a few weeks or by the middle of this year.....if the market goes again back up for a double...

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...