An index analysis idea after many many months. Reason:- Today, we saw a short covering 400 points up move in Nifty with an ATH closing. What is the chart speaking now? Nifty has given daily closing above 22800 which was a strong supply zone. 23000 is a psychological resistance in Nifty now. As from chart, it is clear that our dear Nifty is trading in a channel...
MGL is a PSU stock in gas distribution. Stock had given good move after multiyear ATH breakout and is currently retesting the breakout. A safe stock for long term investors available at reasonable valuations.(Not a recommendation) The only risk with gas distribution stocks are margins are dependant on crude oil prices.
Gokul agro has tested level of 150 multiple times in last couple of years. Stock has managed to break the level now with heavy volumes. Stock can be accumulated for big returns in future, more than 2x. Stock is available at decent valuations currently. However, stock comes under high risk category so safe investors should stay away. However, such breakouts...
Alicon has given ATH breakout after 6 months of consolidation. Stock can give almost 300 points move if the breakout is successful. ATH breakouts are risky. Book profits quickly. Not a recommendation, just a personal opinion
PFC has given yet another ATH breakout as the bull run of this stock continues. A beautiful cup and handle flag consolidation is seen in the stock which can be reason to fuel more rally in this stock. Momentum traders can keep this stock in watchlist. 555-560 will be a strong supply zone for the stock. Easy 10% returns are visible here. Long term target of the...
ISGEC is a company from heavy engineering sector which has been in a good bull run based on consistent growth. Stock has formed a cup & handle pattern and gave good breakout yesterday. Momentum traders should keep this stock on their watchlist as this stock can give quick 10-20% returns. This is my personal opinion and not a recommendation.
Policybazar has formed a beautiful rounding bottom pattern and is now looking strong for a strong bullish trend. Stock belongs to new age startup category and investing has more risk associated compared to bluechip stocks. ATH breakouts are usually explosive and can be considered for quick swing trade as well.A similar pattern was observed in Zomato and stock has...
Sansera has been consolidating at its ATH since past few months and has formed a beautiful inverted head and shoulders near the same. Once 1100 is broken DCB, we will see quick upside in the stock. Today, Q4 results are going to be announced, hence we might see gap up/gap down tomorrow. Only risky traders should enter today.
Shakti pumps had given volume breakout of cup and handle pattern in weekly time frame Stock is retesting the breakout and low volumes during retracement indicate the same. If the stock bounces from this support of 950-975, one must not miss this stock for medium to long term. Levels mentioned on chart. One of the best stock to invest in "Make in India" growth...
Nifty Analysis - Stance Bullish⬆️ Recap from yesterday: "We are now very close to the ATH and once we take out that, we can safely remove the double top pattern." Nifty does a decent climb to hit a new all-time high of 22783 and then a brutal fall of 215pts ~ 0.95%. No matter how professional a trader you are, you cannot set a trap to make money out of that move....
Aegischem is trying to give ATH breakout with cup and handle pattern Stock has risen after a bear trap. A breakout here will open new highs for the stock. Stock has decent fundamentals to support
CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market. Stock has formed a beautiful inverted head and shoulders pattern near ATH. A breakout of the pattern will bring more bullishness in the stock. I would rather prefer adding on dips than having a close SL in such stocks.
DCB bank is close to a multi year breakout. Once stock closes above 500, big targets can be expected. Short term momentum traders can set a target of 500. A good private sector bank with bettering fundamentals.
CIGNITI TECHNOLOGIES (1W TF) - Swing Trade Analysis given on 17th March, 2024 Pattern: ATH RESISTANCE BREAKOUT - Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress * Disclaimer
Sapphire foods has been consolidating in a beautiful ascending triangle pattern. Currently, stock is near suppl zone, hence only risky investors should be interested If the stock gives monthly closing above 1500 with good volumes, we can see a big move in this stock. Keep in watchlist!
Jamna auto is an auto ancillary stock which is also a good investment stock for long term. Technically, stock is giving ATH breakout with a cup and handle pattern. Stock can fly once monthly closing above 140 happens. Keep in watchlist.
We are witnessing a remarkable opportunity as GEECEE VENTURE makes an all-time high breakout. The price structure leading up to this breakout is quite compelling, adding to the appeal. However, it's crucial to exercise caution to avoid getting caught up in a potential fakeout. Here are our criteria and steps for this trade: Confirmation Close: We need...