SAHYADRI INDS by KRS Charts17th Sept 2024 / 3:11 PM
Why SAHYADRI ❓
1. First of all, it has Decent Fundamentals not in an expensive stock at CMP. 👍
2. Complete Range Bound and currently near its bottom support and strongly reacting with Bullish Engulf in 1D and Morning Star in 1W.
3. It's a Swing trade so Risk/Reward will be preferable with SL of 333 Rs in 1D Closing TF.
Target will be Resistance zone once it breaks it, I'll revealed further Targets.
1-BUY
SEQUENT SCIENTIFIC By KRS ChartsDate: 4th July 2024
Time: 10:42 AM
Why Sequent Scientific ?
LH- Lower High, LL - Lower Low
HH- Higher High, HL- Higher Low
1. Applied Simple Dow Theory from year 2022 , It was consistently making LHs and LLs and very first time in Feb 2024 it breaks previous high and makes new HH , which is considered as a beginning of reversal.
2. After that on 3rd June Price action made new HL for first time without breaking previous LL level and moving upwards with strong candles and volume.
3. Meanwhile, on weekly TF price took support from 100EMA too and makes strong upward moves.
Target 1 - ~203 Rs.
Target 2 - ~260 Rs.
SL- Weekly Closing below 100EMA
NMDC by KRS Charts 24th September 2024 / 10:30 AM
Why NMDC ❓
1. Today Gap-up and Strong Green candle with Good Volume and with Higher Low.
2. In 1M, it's a retest for Accumulation on resistance it broke before.
3. Conclusion in series for Easy Understanding,
⚡ First Accumulations > Breakout > Retest > HL > Today's Breakout ⚡
Targets are in the Charts many more Upside but after current Targets achieved 👍
SL is 190 Rs.
Texmaco Rail& Eng by KRS Charts20th Sept 2024 / 3:19 PM
Why TEXRAIL ❓
1. All Over Bullish in Trend by making HHs & HLs.
2. Was correcting for over 3 months and Today Big Green Candle Closing with Range Breakout ✅
3. Also, in 1W it'll probable closing hammer candle stick too.
4. Furthermore, my conviction is on today only is because of its in Fibbo Golden Zone ❗
Target is Expected to break ATH price point 👍🎯
STATE BANK OF INDIA by KRS Charts18th September 2024 / 11:11 AM
Why SBIN ❓
1. All Time Bullish Stock with Strong Fundamentals. 👌
2. Once a Resistance Now look like will worked as a Support . ✅
3. Further, Retested and made Bullish Hammer on support 🤩
Simple Bottom wick of Hammer will be SL on 1D TF closing basis 765 Rs.
Target is ATH for Now 900+
FINOLEX INDUSTRIES by KRS Charts18th October 2024 / 11:45 AM
Why FINPIPE ❓
1. All over Uptrend Stock since listed.
2. Recent bottom with Cup & Handle Pattern Breakout and Retest with Strong Green Candles with Strong Volume 👍
3. 283 Rs nearest Good Support
4. Better Entry zone marked as we can see in the Chart.
Target - 400 + Rs
SL - 260 Rs Closing Basis
QUESS CORP By KRS ChartsDate: 23rd July 2024
Time: 7:20PM
Why Quess Corp?
1. Fundamentally Good Company with decent P/E Ratio.
2. Since Quess Corp listed it, movement is sideways within specific range if we check bird view of it.
3. According to Dow Theory, it was making LH LL (Downtrend) but very first time in 2023 it made Higher Low and moving continuously upside and now sustain price near All-time resistance.
Once it Break this resistance there is Buy Trade for Quess Corp for new Higher High ~1000Rs.
And for Early Entry individual can enter small Qty at current price with SL of 591 Rs.
FINO PAYMENTS BANK By KRSChartsDate: 5th Sept 2024
Time: 9:50 AM
WHY FINOPB?
1. As per Dow Theory, FINOPB making HHs and HLs recently which is Bullish Trade ⬆️
2. FINOPB is in Upside Channeling with Accumulations. ✅
3. Within upside channeling, Cup & Handle is also visible ☕
4. After Equal lows FINOPB has made new HH + Breakout of upside channeling or Cup & Handle Neckline ⚡
After lot of Bullish Traits in FINOPB,
Expected Targets ~521 Rs. and ~590 Rs. ❗❗❗
NUVOCO VISTA CORP by KRS Charts18th October 2024 / 11:20 AM
Why NUVOCO ❓
1. Although Stock was in Down trend, Recent Dow Theory is in Favour as we can see in Chart.
2. Breakout and Retest and most importantly sustaining the level with new HL.
3. Once fake Buy side Entry with Huge volume is spotted ❗
4. MACD positive crossover and RSI is near 60
All the Bullish Traits will confirming bullish movement is expected soon with breakout ‼️
Target 484 Rs with SL of 320 Rs.
ETHUSDT: What should be traded and note?The ETH/USDT chart suggests a possible bearish move:
Resistance: Around $2,462, price may test this level but face rejection.
Support: The support zone is at $2,420, where the price could potentially fall.
Trading Plan: Short near $2,462 if rejection occurs, targeting the $2,420 support. Place a stop loss above $2,500 for safety.
This is a straightforward approach based on current chart patterns and key levels.
BTCUSDT Eyes Resistance at 70K: Short-Term Pullback ExpectedThis chart is of the BTCUSDT (Bitcoin/Tether) pair on the 1D (daily) time frame, showing that Bitcoin is in a strong uptrend within an ascending price channel.
Brief Analysis:
Uptrend in price channel: Bitcoin is currently trading within an ascending price channel with higher highs and higher lows. The price remains above the lower trendline of this channel.
Resistance around 70,000 USDT: A strong resistance zone near 70,000 USDT could challenge further price increases. It is likely that the price will face selling pressure at this level.
Correction scenario: The chart suggests a possible short-term correction after reaching the resistance zone, potentially dropping to the 66,000 - 67,000 USDT area before resuming the uptrend.
Moving Averages (MA): The moving averages show a positive signal, as the price has crossed above them, adding momentum to the bullish trend. This supports the longer-term upward movement.
Strong support: The key support level for this uptrend is in the 63,000 - 64,000 USDT range, where the moving averages converge.
Overall, the uptrend remains intact within the channel, but a short-term pullback is possible before breaking through the major resistance levels for further gains.
MUFTI | Credo Brands Marketing by KRS Charts13th Sept 2024 / 12:16 PM
Why MUFTI ❓
1. Was Correcting since listed and completed Elliot Correction wave count 5 wave Structure.
2. More Important is after 5th wave it Made Higher Lows and Higher Highs.
3. MUFTI is currently sustaining above 100 EMA which also good sign to stay Bullish.
4. Giving Little early entry before Breakout of Cup & Handle Neckline but it worth if limited positions will create here. 🙏
Approx. Target will be Around 300 Rs but once Breakout exact target will be revealed 👍
Medi Assist Health (MEDIASSIST) by KRS ChartsDate:11th Sept 2024
Time: 10:43 AM
Why MEDIASSIST ❓❓
1. Broken Range in June 2024 and was range-bound around previous Resistance.
2. Again, in Sept with Huge Volume and Huge Green candle broke out range and successfully retest recently.
3. All over movement so far is sideways to turning Bullish.
4. Recently made All Time High and I'm expecting it to reach 742 Rs.
SL will be 641 Rs with 1D closing basis
HIKAL By KRS Charts11th Sept 2024 / 1:24 PM
Why HIKAL?
1. Bird View, After Retraced till 0.88 fibbo level making significant HHs HLs.
2. HHs HLs has formed with Accumulation / Cup at 0.88 to 0.786 level + Breakout Today with huge Volume.
3. Cup & Handle is also Visible so set my Targets accordingly,
Which are T1 - 477 Rs Short Term,
T2 - 524 Rs Medium Term,
T3 - 647 Rs Long Term.
BTCUSD Key Resistance Zone: The chart highlights a strong resistance around 62,811 - 62,838 USDT, where price is expected to struggle to break higher. This area is a potential zone to look for sell setups if price retests it.
Support Zone: The green highlighted area around 60,000 USDT acts as a crucial support zone. The price is consolidating within this area, and the next move depends on whether it breaks below or holds above this support.
Bearish Scenario: If the price breaks below the support zone (around 60,000 USDT), the next target would be around 53,924 - 53,821 USDT (marked in red), a lower support area.
Bullish Retest: In case the price moves up and retests the resistance at 62,838 USDT, this could provide an opportunity for a sell-off, anticipating a reversal back down towards the lower support.
This chart shows a neutral consolidation with potential for either a breakout to the downside or a bearish retest of resistance.
BUY LONG GBPUSDLong position of GBPUSD as its at important support level and there is a rsi divergence and there is low volume in market near this support level also market has previous rejected this level and Fibonacci golden level and now market has again reached this level meaning a reversal in GBPUSD.
Sell Strategy for BTCUSDT Based on the Provided ChartKey Resistance Zone:
The chart indicates a strong resistance area around 63,657 - 63,679 USDT. This is where the price has previously failed to break higher and has shown signs of a reversal, making it a prime area to consider selling.
Confluence Zone:
There is a notable confluence zone marked between 61,776 - 61,929 USDT. This area is significant because it aligns with various technical factors. The price is likely to retest this zone before continuing the downward trend. A rejection candle (such as a pin bar or bearish engulfing pattern) in this area would be a strong confirmation to enter a sell trade.
Entry Strategy:
Wait for the price to return to the confluence zone (highlighted by the red arrow and circle on the chart). Once the price reaches this area, enter a sell position when there is a clear rejection signal, such as a bearish candle formation indicating price reversal.
Take Profit Target:
The ideal take profit zone is around 57,876 - 57,898 USDT, which is marked as a strong support area on the chart. If the downward momentum continues, this is a likely target for the price to hit.
Stop Loss Placement:
Place your stop loss above the resistance area, around 63,679 USDT. This will protect your position in case the price breaks above the resistance and shifts towards an upward trend.
Summary of the Strategy:
Entry: Around 61,776 - 61,929 USDT, upon observing a bearish price rejection.
Take Profit: Target 57,876 - 57,898 USDT.
Stop Loss: Set above 63,679 USDT to minimize risk.
This strategy is based on the confluence of key technical levels, resistance, and support areas shown on the 4-hour chart. It focuses on waiting for a clear rejection signal before entering a sell trade.
BTCUSDT: The downtrend is aiming. Based on the chart analysis provided, it is recommended to approach the market with a bearish trading strategy for the BTC/USDT pair. The chart outlines key resistance and support levels, which suggest a downward price action if certain conditions are met.
Detailed Trading Plan:
Current Market Condition:
The price of Bitcoin is trading below two key EMA lines, which signals a potential continuation of the bearish trend. The price has attempted to break through the resistance level near $62,700, but multiple rejections (indicated by red arrows) suggest that sellers are in control.
Trade Setup:
Sell Entry: Consider entering a short position if the price retests the resistance zone around $62,700 and shows rejection (bearish candlestick patterns or wicks). This is confirmed by the yellow circle on the chart, indicating potential price reversal.
Target Levels:
The immediate support level is identified near $62,000 (green zone). However, if this level is broken, the next target would be the $61,238 zone, marked by the dotted black line. This level represents a potential deeper correction.
Stop Loss:
Place a stop loss slightly above the resistance zone, around $62,800, to protect against potential upside breakouts.
Piramal Enterprises Ltd by KRS Charts13th Sept 2024 / 10:48 AM
Why PEL❓
1. Bird View in PEL seems Sideways to Bullish can be Good Opportunity at this level for Long Term Investment. ⬆️
2. Elliot Wave Count, let's direct talk about current wave where PEL standing is (III) Wave is started in smaller cycle < which is part of 3rd Wave in medium cycle 🤩
3. W pattern is about to Break giving little early entry as per wave counts. 👌
Target is major Resistance as we can see in Chart. 🎯
Note - Wave count is speculative So Focus should be on Target 1 for now only. 🙏
GMR INFRA By KRS ChartsDate: 23rd July 2024
Time: 8:13 PM
Why GMR INFRA?
1. Despite under 100 Rs Stock , GMR INFRA is continuously in Uptrend for bigger time frame too.
2. Here, we can clearly see that price action has made Flag & Pole Chart Pattern and Breakout too and today it retests the resistance line and sustained those levels.
3. For more support 100EMA is right underneath of recent low as we can see in chart.
After all, above points denote that GMRINFRA is BUY from current price for 112 Rs. of Target with SL of Recent low ~88 Rs.
KELLTON TECH SOLUTIONS By KRS ChartsDate: 11th July 2024
Time: 9:40AM
Why KELLTON TECH?
1. Currently Sustained at All-time High Price with Strong Breakout.
2. Cup & Handle Chart Pattern is visible in Weekly and Monthly TF. Also Volume is noticeably increased from year 2021 compared to its previous years.
3. RSI above 60 and Positive Crossover in MACD.
120 to 130 Rs can be better price if Correct little bit from here
If it breaks Neckline at least in Daily TF,
It can achieve 255 Rs price point from current price level.
BTCUSDT: Short term buying and selling strategy.Based on the BTCUSDT chart you provided, here’s a concise trading strategy:
Resistance Area: The price range between $64,000 and $68,000 is acting as strong resistance. The price has previously been rejected at this level, signaling a potential sell opportunity.
Sell Plan: If the price moves up and tests this resistance zone again ($64,000 - $68,000), consider entering a sell position upon seeing a bearish reversal signal. Set a stop-loss just above $68,000.
Take-Profit Target: Aim for a take-profit target around the $53,800 - $54,000 area, which is a significant support zone.
Risk/Reward: This strategy offers a reasonable risk-to-reward ratio, particularly as the price continues to move within a downtrend channel.
If the price breaks below the $53,800 support level, there could be further downside potential.