As I said in the last post of mine, that Bajaj finance has a good setup and can look for a breakout. Today the stock has given breakout above the swing high level of 3556.85 and given a closed at 3658 levels almost 100 pts up. Price closed almost near to high of the day. To find out the resistance level, I have drawn Fibonacci retracement level on the weekly chart as per that 61.8 level has come to 3735 levels. We can Target 3735 levels. Bajaj Finance can be look for Intraday buy setup for tomorrow as well, Momentum should continue. Please find below Weekly as well as Daily chart for your reference.
Bajaj Finance Weekly Chart
Bajaj Finance Daily Chart
Cheers Sid


Dear All, For tomorrow, I have a mindtree on my radar for Intraday Trade. Price has given Breakout of earlier resistance level of 1160 and retested couple of times post breakout. There is a V pattern breakout also. One can look for buy opportunity above the last swing high of 1183 for a possible target of 1215-35-60 with sl 1160. Pls find below chart for the same.
Mindtree 60 Mins Chart
Cheers Sid


Dear All, There is a nice trade setup in Bajaj Finance. Price is making higher high and higher low formation on hourly chart. VCP Pattern is clearly visible.
VCP Pattern by Mark Minervini
During a consolidation phase, Volume has also dried down. A nice trade is about to come anytime soon. Look for a breakout of price with volume expansion. Chart is hereby attached for your reference.
Cheers Sid

Inverse Head & Shoulder Pattern – Havells India

Dear All, Inverse Head and Shoulder Pattern spotted in Havells India on Daily Chart. Price has nicely moved up in V formation from low of Rs 447 and made a high of Rs 593. Any Breakout above neckline will be good to go for the target of Rs 650 – Rs 700 !! Attached below the daily Chart of Havells india for your reference.
Pls trade as per proper risk reward. Don’t jump into trade..! Always wait for perfect setup. Cheers Sid

Ultratech Diametric Pattern Trade Possibility

Dear All, Now onwards, You will be receiving 1 or 2 best possible setups per month for educational purposes. You can trade as per your own risk. So, let’s start. There is a trade setup in Ultratech Cement. On Daily chart its a Diametric Pattern, we have to wait for the breakout. Pls, keep an eye!
Daily Chart
Cheers Sid

Intraday Trading – Performance Update – April 19 to Sept 19

Dear All, Another rocking month..!! Intraday Trading Performance at its best..!! Generated a profit of Rs 15000 approx in the month of Sept’19. In a span of 6 Months, There is a profit of Rs 1.02 lakhs over a capital of Rs 1 lakh.. whopping 100% return on capital invested..!! My aim is to generate consistent income through trading.. If you want to make consistent income through Intraday trading, Inbox me your name and number at I’ll get back to you with my services..!! Attached below my Client Zerodha’s P&L Snapshot for your reference. I’ll be adding 50 clients to my October series..!! So, Join Fast..!!
Zerodha P&L April 19 to Sept 19
Cheers Sid