NISM-Series-XV: Research Analyst Pursuing MBA from IIM Bangalore
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Nikhil Sai's Posts
Nikhil Sai replied to Abhishek Gupta's post

I think one needs to be more stock specific in such situations and invest in them with long-term horizon.
After filtering down to few stocks you can study how their order book or new orders won is increasing every quarter. This will give you an idea about their revenue growth and...
Dec 19, 2022 12:01 AM
Nikhil Sai replied to Karamjeet Singh's post

One method to filter would be to go through Open-Interest data.
Download this for two consecutive days from NSE website.

Then try to spot stocks status with Long Build Up and Short Covering if having a Bullish View

Stocks with Short Build Up and Long Unwinding gives Bearish Vie...
Dec 18, 2022 11:43 PM
Nikhil Sai replied to Prasenjeet's post

First observation of Price Action, change of pattern from lower highs to higher lows.
Next, try to spot positive divergence in RSI during such transition.
I've also seen few using 50EMA along with support & resistance.
Dec 18, 2022 11:36 PM
Nikhil Sai replied to Prasenjeet's post

Other thing that you can observe is that if it is consolidating near the resistance line. In such cases, there's a high chance of breakout and since you're entering while consolidating, you can have small stop loss as well.
Next after the breakout if price rises for next 1-2 days...
Dec 18, 2022 11:33 PM
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Reputation: 488  •  Dec 1, 2022 3:12 AM

A pattern in 1 hr time frame!
Chartbusters - chart - 17471296
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Reputation: 488  •  Dec 1, 2022 2:55 AM

Markets Humor - 17470861
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Reputation: 488  •  Nov 28, 2022 11:21 PM
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Nikhil Sai replied to own comment

@yashubale I meant if you draw a line at a level of around 89700, the stock has retraced back several time. Therefore, to move up it should give a significant breakout here. Regarding the support of 86000 again, it is a level where stock has shown resistance before but after givi...
Nov 25, 2022 6:04 PM
Nikhil Sai replied to Yash Ubale's post

It has a resistance around 89700. If it retraces back, one immediate support is 86000
Nov 25, 2022 5:58 PM
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Reputation: 488  •  Nov 23, 2022 5:05 AM

#INDIACEM - To be tracked for Swing opportunity

The India Cements Ltd didn't have a great quarter as though there were an increase in Sales but the increase in costcost of production could not be passed on to the customers.

Mr. Srinivasan said ICL had a basket of plants of vari......read more
Chartbusters - chart - 16687762
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Reputation: 488  •  Nov 23, 2022 4:42 AM


Testing the support after the breakout.
Short-term trading idea.
Chartbusters - chart - 16687460
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Reputation: 488  •  Nov 23, 2022 4:36 AM
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Reputation: 488  •  Nov 22, 2022 6:17 AM


Triple Top and Consolidation near resistance.
Chartbusters - chart - 16583592
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Reputation: 488  •  Nov 9, 2022 8:17 AM

#LT - POSITIONAL TRADING

On Daily Timeframe, it has created a kind of Cup with Handle Pattern, and currently trading at it's support. CMP: 2017
Upside TGT: 2500 || SL: 1860

Key Recent Highlights:
-> YoY and QoQ growth in Revenue and Profits
-> FII increased shareholding by 1.0......read more
Chartbusters - chart - 15520706
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Nikhil Sai replied to FinoPhia's post

I think we can expect a good breakout if the stock consolidates for a while near the resistance and then gives a breakout!
Nov 8, 2022 6:36 AM
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Reputation: 488  •  Nov 8, 2022 6:31 AM

#DRREDDY - Short-Term Opportunity

On Daily Timeframe, made a Double Bottom and gave breakout.
Testing the resistance(earlier) again!
TGT: 4830 (next resistance as well)
SL: 4440
Company also posted the highest ever sales and operating profit in recent quarter results, therefore ......read more
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