NIFTY50 Update (as on 28th May, 2024) On a Daily TF: - The market is at a precarious spot with signs of a reversal from the trendline - 22775 is a support but it doesn't look a strong enough support zone For your Swing Trades: - Please position size very carefully - Trade the Trend * Disclaimer
Symbol - NIFTY50 CMP - 22960 NIFTY50 is following a rising channel & headed strongly towards its higher end. Currently It is trading near round level of 23000. According to my analysis & my view, Nifty50 will face strong resistance around round level 23000 - 23100 which is also upper end of the rising channel. I'm expecting Nifty to show a reversal from these...
HG Infra is a techno-fundamental pick shared from infra sector. Stock is available at a PE of around 10 and ROE, ROCE>25%. Sales growth in 5 years is above 27% which is phenomenal Technical Logic: -Stock is retesting previous breakout. Currently, small rejection is seen from demand zone. If a good candle closes above 890, stock can start upward journey with...
GRInfra has given a symmetrical triangle breakout of a big consolidation. Stock has been underperforming since quite few years and stock can fly if breakout is successful. Stock has got amazing fundamentals and is a gem stock for long term. Investors who believe in India's infra story should not miss this stock.
Tejas networks is a loss making multibagger company which has been consolidating since few months. If stock breaks 800, a support reversal can be confirmed and new ATH can be expected in stock. The stock is a multibagger stock which can repeat its performance if market is bullish. Only Risky traders should keep this in watchlist
Crompton stock has been largely underperforming due to poor results. However, stock is now looking strong technically. Weekly breakout is done and we can expect targets up and above ATH if broader market supports.
1. Trend Bullish 2. Strength strong 3. Set up reversal from support 4. RR 1:13+
1. Trend Bullish 2. Set up: Double bottom reversal 3. RR: 1:8+
PRINCE PIPES (1D TF) - Swing Trade Analysis given on 15th May, 2024 Pattern: CUP & HANDLE - Volume Buildup at Resistance - Done ✓ - Daily Resistance Breakout - In Progress - Demand Zone Retest & Consolidation - In Progress * Disclaimer
1. Trend Bullish reversal 2. Set up: Fib 61 levels reversal points 3. RR: 1:10+ 4. SL: follow on closing basis below the 61 levels
1. Trend: Reversal Trade 2. Set up: Double bottom reversal 3. RR: 1:5+ 4. Follow strict SL
1. Trend Bullish 2. Set up: Reversal 3. RR: 1:8 minimum 4. SL lucrative with less them 1.5% of CMP
1. Set up: Reversal 2. Trade Idea: Inverted H& S 3. RR: 1:6.5+ 4. Strong closing is important
1. Set up: Breakout 2. Trade Idea from triangle breakout 3. RR: 1:5 4.Trend: Probable reversal
Logic:-RSI positive divergence near trendline support followed by Consolidation breakout Epigral is yet another chemical stock showing reversal signs. It has got decent return ratios (ROE , ROCE above 30% ) and PE ratio of 18 at CMP. Relatively safer stock to bet as technofundamentals are strong together. Happy trading!
1. Trend Bullish 2. Set up reversal after consolidation 3. RR: 1:6+ 4. Probable false breakdown and reversal
1. set up: Fib reversal point 2. Trend Bullish 3. Strength strong 4. RR 1:3
1. Trend Bullish 2. Set up: reversal from support zone 3. RR: 1:8+