NIFTY MARCH MONTH EXPIRY ANALYSISThe market (NIFTY50) is Trading at 22150.
Do not blindly go with the buy or call side. First Market will re-test with the S4 area (21950) and then it will move towards our Target which is 22300.
It's a clear Reverse Head and Shoulder Pattern but don't go blindly in any direction. Let's wait for a retest and then enter the rally.
Another 2 Conditions:
1. If it breaks 22215 then 22300 will be scalping in Intraday.
2. If 21800 Break then more selling expected
1-BUY
DATAPATTNS - 5 months consolidation / Downtrend Breakout Data Patterns (India) Ltd
1) Time Frame - Daily.
2) The Stock has been in a downtrend / consolidation since (September, 2023). Now It has given a breakout & Closed at it's 5 months High with good bullish momentum in Daily Time Frame.
3) Option 1 - With the strong 5 months consolidation breakout in Daily, Buy at this current level.
Option 2 - Wait for the strong weekly candle's close above the price 2175.40.
4) Next target will be it's All Time High (2485).
5) Recommendation - Strong Buy
ACI - 1 Year consolidation / Triangle Breakout Archean Chemical Industries Ltd
1) Time Frame - Weekly.
2) The Stock has been in a downtrend / consolidation since (February, 2023). Now It has given a downtrend / consolidation breakout & Closed at it's All Time High with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 860 (9%) from the price 789.95.
4) Recommendation - Strong Buy
Dr Reddy is Ready for Big rally The Doctor is Ready ( Dr Reddy )
Based on Monthly chart with the Parabolic Upside trend ( Purely based on my New STUDY ) ,
Dr Reddy is Ready for the rally.
Tgt 1 : 8412 - 8568±
Tgt 2 : 8823±
Tgt 3 : 9825 - 9952±.
Shared it for EDUCATIONAL/ REFERENCE PURPOSE ONLY.
IT'S NOT A BUY OR SELL RECOMMENDATION.
DO YOUR ANALYSIS FROM YOUR SIDE ALSO.
Don't get biased by my view. I may be wrong too 🙏
NATCOPHARM - 2 years consolidation / Cup With Handle BreakoutNatco Pharma Ltd
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (January, 2022). Now It has given a breakout & Closed with strong bullish momentum in weekly time frame.
3) Next Resistance / Target will be it's previous Life Time High 1189.
4) Recommendation - Strong Buy
SANDHAR - 6 years consolidation Breakout & All Time HighSandhar Technologies Limited
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (April, 2018). It has given a breakout on November, 2023 and consolidated few weeks & It has broken the previous life time high & Closed at its All time high with strong bullish momentum in weekly time frame.
3) Recommendation - Strong Buy
SHAILY - 6 Months consolidation BreakoutSHAILY / Shaily Engineering Plastics Ltd
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (August, 2023) and It has given a breakout & Closed with strong bullish momentum & Huge volume in weekly time frame.
3) The stock may reach its previous Life Time High (478) in short Term.
4) Recommendation - Strong Buy
KPITTECH - 3 Months consolidation Breakout & All Time HighKPITTECH
1) Time Frame - Daily.
2) The Stock has been in a consolidation since (November, 2023). It has given a breakout & Closed at its All time high with strong bullish momentum in Daily time frame.
3) Good bullish momentum NIFTY IT Index.
4) Recommendation - Strong Buy
SIGACHI INDUSTRIES - 2 Years consolidation / IPO Base BreakoutSIGACHI
1) Time Frame - Monthly.
2) The Stock has been in a consolidation / Downtrend since its listing (November, 2021) and has given an IPO base / Previous Life Time High breakout & Closed with strong bullish momentum & Good volume in monthly time frame.
3) Since it is a cup pattern breakout, The stock may reach the target (182) as per the cup pattern breakout target in the Long Term.
4) Recommendation - Strong Buy
ITDC / INDIA TOURISM - 6 years consolidation breakoutITDC
1) Time Frame - Weekly.
2) The Stock has given 6 years consolidation breakout with huge volume & strong bullish candle close in weekly.
3) The next target / resistance would be its previous life time high (747 - 17% from the current price 636.70).
4) Recommendation - Strong Buy
INFIBEAM - 5 years Consolidation BreakoutINFIBEAM
1) Time Frame - Monthly.
2) The Stock has been in a consolidation zone / Downtrend since 2018 and has given a breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) INFIBEAM may reach its previous Life Time High (50.50) in the Long Term.
4) Recommendation - Strong Buy
BRNL / Bharat Road Network - Pre Covid High / Consolidation B/OBRNL
1) Time Frame - Monthly.
2) The Stock has been consolidating since January, 2020 and has given a pre covid high breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) BRNL may reach its previous Life Time High in the Long Term.
4) Recommendation - Strong Buy
LICI / Life Insurance Corporation of India - IPO Base Breakout.LICI
1) Time Frame - Monthly.
2) The Stock has been in a downtrend or consolidation since its IPO listing - May, 2022 and has given an IPO base breakout with strong bullish momentum & Huge volume.
3) The stock may perform well in the long term.
4) Recommendation - Strong Buy
GANESH HOUSING - 16 Years High Breakout - ALL TIME HIGHGANESHHOUC
1) Time Frame - Weekly and Monthly.
2) Previous life time high was 566 in 2008. After 16 years of consolidation, The Stock has given a breakout with huge volume & strong bullish candle close in weekly.
3) Option 1 - With the strong weekly close in All Time High, Buy at this current level.
Option 2 - Wait for the strong bullish Monthly candle's close with huge volume above the price 566.
4) Recommendation - Strong Buy
DVL / Dhunseri Ventures Ltd - 2.5 Years Consolidation Breakout.DVL
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2021 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock will find resistance / profit booking zone around the price (940) in long term.
4) Recommendation - Strong Buy
ZUARI / Zuari Agro Chemicals Ltd - 5 Years High BreakoutZUARI / Zuari Agro Chemicals Ltd
1) Time Frame - Monthly.
2) The Stock has been consolidating since April, 2019 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock may reach its previous Life Time High (690) in the long term.
4) Recommendation - Strong Buy