NSE:CNXINFRA Infra index using 200 SMA as a support and taking off from a solid trend line. RSI is rising as well. Stocks like ACE & LT are gearing up for take-off
Trade Wisely. We Can Just Predict. Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your. If you love my analysis Like And Share wherever you want..
Trade Wisely. We Can Just Predict. Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your. If you love my analysis Like And Share wherever you want..
Trade Wisely. We Can Just Predict. Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your. If you love my analysis Like And Share wherever you want..
NSE:RAMCOCEM Ramco Cements Long term: Bullish Structure : Bullish Trend Continuation Buy > = 798.50 Short term Target : 810 Medium term Target : 820-840 Long term Target 890-905 Stop Loss: 770 Uptrend continuation with Trendline
SUNPHARMA is breaking down from its long-term channel. It consolidated in the form of a triangle and is now seemingly breaking down from the base of the triangle. The 200DMA is also being rejected. A fall to 735 zone is possible on the stock.
Colgate Palmolive (COLPAL) has been trading in a 7-year long parallel channel and is now at the base of the channel. The stock is also trading near its 200 week moving average (green) for the last few weeks. The stock has never fallen below this 200WMA support in its life. As an example, during the Mar'2020 fall, the stock took support at 200WMA and bounced from...
This stock is showing some good signs of reversals U-Turn in price action. 1) Fibonacci retracement is healthy up to 50% which is good sign for continuation of bigger trend. 2) Price also came at old Support area. 3) Price got support near 200 DEMA. 4) Relative strength index in daily also reversed from oversold area, Now above 30. 5) In smaller time frame...
YESBANK was getting continuous resistance from 200DMA for a year since Nov'20 (as mentioned in our previous update on this stock in Oct'21, link below). The stock has finally gathered enough steam and has broken out of the 200DMA with volume. Is this a real breakout or will this be a fakeout and the stock will go back below the crucial 200DMA? We will watch out...
Bank nifty has fallen more than 3 percent last Friday and it is closer to 200 day simple moving average that is 35500 to 35700 zone... Please note it's not a line it is a zone. Any stock or index should respect it technically atleast a pull back for a day or two. So it's better to buy long options like Dec monthly or Jan series far OTM options and exit with...
Federal Bank (NSE: FEDERALBNK) is bounding off of trend line support and also 200DMA support. The price action is bullish and we can expect it to reach resistance zones at 90 and subsequently at 97.
NSE:RELIANCE Price has taken support on 200 SMA and bouncing nicely. After the above supply is broken, can trigger more buying.
DLF could show reversal from short term downtrend as it forms ascending triangle and closes just above 200 SMA as well as trend line.
IGL has bounced from its Trend line support from where it has bounced multiple times in the past as well. This bounce also coincides with 200DMA support. We are bullish on this stock with 560/580 as short-term swing targets.
HINDZINC seems to be reversing from long term trendline from Mar'2020. The price is also at 200DMA and is exhibiting bullish RSI divergence. Seems a good long candidate, heading towards 350.
ASHOKLEY is bouncing off from its trendline support which and also at 200 day moving average. 121 is a resistance which if crossed would be bullish on the stock. It would make sense to start building long position with full position on daily closing above 121. We can expect a target of 135 which is the previous strong resistance on the stock with 112 as the stop.
TVSMOTORS CMP 579 BOUNCING FROM 200 DMA WITH STRONG VOLUMES CAN INITIATE LONGS
1) Price approaching multipoint support 2) Price approaching 200DMA 3) High volume on 26Apr2021 with no major follow up 4) High volume low and 200DMA price level is almost same. So possibility of high volume area test along with 200DMA support test 5) Quarterly results on 19July2021 Keep this on your radar. Can be a possible candidate for short term positional...