52weekhighs
asian paint BO(52 week high)Asian paint all time high
1910 was the previous high
BO given but volume is not good on can trade as well as invest in this stock
bullish in all time frame
comfortably sitting above all important moving average
since 2010 in monthly time frame closing below 21MA not given
very bullish structure
bearish if weekly closing below 1740
NIFTY forms RSI divergence! Rallies more than 1.5% todayNifty - Technical Analysis:
-Nifty logs a gain of 171 points, or 1.52 percent, to settle at 11,449.25
-RIL jumped over 7%
-It gaped above 11300 based on recovery in US markets after the selloff a few days back, we can see resistance at 11600 and index would need to cross above resistance zone before seeing upper levels.
Market - Driving Factors:
-Nearly 100 stocks, including Reliance Industries, Asian Paints, Tata Elxsi, Granules India, Infibeam Avenues, Laurus Labs, Adani Gas and Adani Green Energy, hit their 52-week highs on BSE.
-The Indian stock market traded higher, boosted by gains in shares of heavyweights such as Reliance Industries, Axis Bank and Asian Paints.
-Nifty Metal fell over a percent while the Pharma index settled flat. Nifty PSU Bank index jumped over 2 percent higher.
-RIL zoomed 7% as Reliance Industries' plan to sell a stake in its retail subsidiary at an equity valuation of Rs 4.21 lakh crore and its proposed acquisition of Future Group's retail businesses will solidify RIL's position in India's organised retail market and strengthen its consumer business.
Nifty - Outlook for Friday, 11th September:
NIFTY has come above the resistance at 11300 and showed strong trend intraday with support of index heavy weights. NIFTY also observed a RSI divergence as RSI makes new high but price didn't which is a bearish signal. We can see index consolidation before a move either side.
Asian Paint AnalysisNSE:ASIANPAINT
Hi Traders,
As expected in old idea ( "Asian Long" ), Asian paint move upward direction and made all time high. And its upward movement will be continued up to 2100, then it can show retracement to continue next target 2260 to 2350.
Disclaimer:- This idea is not for a trading call or tips, it is learning purpose only. Please understand your risk and take full responsibility of your action. Trading positions should be taken from consulting your financial planner. In case you like it, please click on like button and share this idea with others. This would give us encouragement to keep sharing our ideas here on this platform.
AUROPHARMA @ 52 WEEK HIGHAUROPHARMA finally trading at 52 week high.
Either there will be great buying opportunity or huge sell up momentum .
Wait, watch then enter.
My mood is about for Long with strict Tight SL.
BUY above 804
Target 1- 814
Target 2- 824
Target 3- 834
Warning: Tight SL otherwise it will hurt your pocket very hard!
Disclaimer : Only for educational purpose. Please consult your financial advisor before putting money into the market!!!
GRANULES INDIA SWING IDEAGranules has broken out of a triangle pattern after contracting for a sometime. The stock has shown good relative strength and has reached near its 52 Week high.
It is above all the major Moving Averages (20,50,100,200)
A swing trade can be initiated once there is price action confirmation above the breakout and one can enter after a pullback.
Risky players can enter without waiting for a pullback but don't forget to keep a strict stop loss in place.
Indicators :
Trade as per your RR. This is not a recommendation and the post is only for learning purposes.
NSE:GRANULES
SHORT ON ADANI GREEN ENERGY(NSE)This analysis is only for educational purposes, Invest at your own risk!
ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
The volume suggests that the rise in price is coming to an end and a downfall is near.
Hence getting into a short position at around 230-220 INR will prove to be profitable.
Traders should place their stop losses just 5-10 points above the resistance line or according to their risk taking capability.
The volume should be monitored at all times to see if the trade is going in our way.
Any kind of criticism is highly appreciated !
CHEERS!
LONG ON BHARTIARTL(NSE)This analysis is only for educational purposes, Invest at your own risk!
A narrowing Uptrend can be seen on BHARTIARTL which closed at 554.10 INR on Friday.
The price has approached close to resistance level and gives a pretty good long opportunity for traders .
The High created on 15th April at 535.30 INR serves as a resistance level for the price .
The stick is also approaching its 52 Week high and also has earnings coming out on Monday (18th May).
Getting into a long position at 554.10-555.00 INR and selling at a profit of 1.15-1.20% i.e around 563-565 INR may prove to be profitable.
The ON BALANCE VOLUME indicator also shows us an uptrend making our decision even more strong.
ALL THE BEST TO EVERYONE !
Cheers!
Pidilite 52 Week High TrendPidilite Long term chart for next 2 weeks with upwards trends to hit 52 week High
Deepak nitrate new bottom at 300-320A must have in portfolio.
Buy at small risk around 300-320 with 10% stop loss.
Target will be around 1000 in 1 year.
Momentum stoc
Bought at 454.50 hope to see an upside (good for investment)low pe stock, hope to see a huge upside and break 52 week high,
should be bought at new high. Trying to buy at a dip with a stop loss of 2%
if i am out will buy at a new 52 week high.
