PB Fintech at ATHNSE:POLICYBZR has crossed its listing price and has entered a new All Time High zone. Stocks that do this normally start their new journey from these levels. It went through a long correction that came in because of the over-valuation but the company has walked the talk and has delivered on fundamentals. This hence, looks like a structural move in the chart as well and I do expect a good follow-up going ahead. Stop Loss at 1450 should act well here. Go Long.
Alltimehigh
HOMEFIRST - 2.5 Years Consolidation Breakout / All Time HighHome First Finance Company India Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (December, 2021). Now It has given Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may move towards the price (1570 - 46.40% from the price 1072.30) in the long term.
4) Recommendation - Strong Buy.
NIFTY DAILY - 10/6/2024Nifty opens with gap up and made All Time High which 23411 but didn’t sustain the upper level and made days that is 23227 level.
Nifty gave closing down by -30 points which is around -0.13%.
Index has formed a red body candle with long upper shadow which indicates participants were selling from higher level.
Currently RSI is trading at 58.
Nifty is not able to sustain above 23300 level so, further 23396 will work as resistance level with support of 23007 level.
Bank Nifty levels
Support – 49547
Resistance – 49974
Today’s Advance Decline ratio of NIFTY50
Advance - 27
Decline - 23
FII Buy + 2572.38 crores
DII Buy + 2764.64crores.
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MAZDOCK - 10 Months Consolidation BreakoutMazagon Dock Shipbuilders Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (July, 2023). Now It has given a Consolidation breakout & Closed at it's All Time High with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be around the price (3375 - 22.40% from the price 2756.65).
5) Recommendation - Good Buy (Since the result is coming up, Plan accordingly)
NIFTY DAILY - 24/5/2024Nifty opens lower and made day low which is 22908 level, afterwards bulls drag the market upside and made All Time High that is 23026 level.
Nifty was highly volatile throughout the trading session, Nifty traded in between +50 points to -50 points for whole day.
Index has formed green body candle with long upper shadow which indicates seller were selling from days high.
Candle is trading at upper band of Bollinger Band.
Nifty is able to hold 22900 so, further resistance can be 23059 level with support of 22716 level.
Bank Nifty levels
Support – 48677
Resistance – 49334
Today’s Advance Decline ratio of NIFTY50
Advance - 17
Decline - 32 Unchanged – 1
FII Sell – 944.83 crores
DII Buy + 2320.32 crores.
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NIFTY DAILY - 23/5/2024Nifty opens with positive note and bulls were aggressive from starting of the day, nifty made All Time High Record which is 22993 level with almost 369 points up which is around +1.64%.
Nifty has formed a big body bullish candle with small lower and upper shadow.
Candle is trading at upper Band of Bollinger Band and giving breakout of it.
Double Moving Averages are giving Crossover on Daily Chart.
Nifty has crossed the resistance level which was 22610 so further resistance can be 23059 level with support of 22716 level.
Bank Nifty levels
Support – 48677
Resistance – 48832
Today’s Advance Decline ratio of NIFTY50
Advance - 44
Decline - 6
FII Buy + 4670.95 crores
DII Buy + 146.51 crores.
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FINPIPE - 8 Months Consolidation / All Time High BreakoutFinolex Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2023). Now It has given a Consolidation breakout & Closed above it's Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 300) in short term.
5) Recommendation - Strong Buy
ON-Neck Breakout on Daily ChartHi,
An bullish on-neck Breakout pattern emerged on the daily chart of NSE:ELGIEQUIP
MACD on daily, weekly and monthly time frame is on the bullish side and also expecting the bullish setup to continue.
Level of Entry, Exit & Stop loss mentioned on the chart.
This idea is for educational purpose only. Take advice of your financial advisor before making any investment decision.
SWING IDEA - JKLAKSHMI CEMENTJK Lakshmi Cement , a key player in the cement industry, is currently exhibiting compelling signals that shouldn't be overlooked. In conclusion, stock's technical landscape is painting a promising picture for prospective investors.
Reasons are listed below :
The stock has undergone multiple tests at the critical 890 levels, showcasing resilience and now displaying a promising attempt to break through.
Over the past 7 weeks, stock has demonstrated robust consolidation at its all-time high, indicating a solid foundation for potential upward movement.
A clear bullish trend is evident as the stock continues to establish higher highs, signifying positive momentum and growing investor confidence.
The stock is currently trading above both the 50-day and 200-day EMAs, affirming the continuity of the prevailing uptrend.
Target - 1069 // 1158
Stoploss - weekly close below 819
NIFTY DAILY - 8/4/2024Nifty hits record high that is 22697 level.
Bulls were aggressive from stating of the day.
Nifty has formed green body candle with small upper and lower shadows.
Nifty has broken the resistance level of 22520 so next resistance can be 22720 level with support of 22464 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 37
Decline - 13
FII Sell – 684.68 crore
DII Buy + 3470.54 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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IMFA - 2 Months Consolidation / All TIme High BreakoutIndian Metals & Ferro Alloys Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (February, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with good volume in Weekly Time Frame - All Time High Closing .
3) The stock may find It's next resistance around the (price 805) in short term.
5) Recommendation - Good Buy
RICOAUTO - 19 Years High / Multiyear BreakoutRico Auto Industries Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (January, 2005). Now It has given a Multiyear (19Y) consolidation breakout & Closed at it's All Time High with strong bullish momentum candle & with Life Time High Volume in Weekly Time Frame.
3) The stock will find it's next resistance around the price (150).
4) Recommendation - Strong Buy
SWING IDEA - BIRLA CORPORATIONBirla Corp , a key player in the cement industry, signals a compelling swing buying opportunity driven by strong technical indicators.
Reasons are listed below :
After multiple tests, a robust breakout above the 1600 zone signifies a significant shift in market sentiment.
The breach of a consolidation area spanning over two years indicates a decisive move in the price action.
A bullish engulfing candlestick followed by confirmation in the subsequent week signals a reversal to bullish sentiment.
Trading above the 50 and 200 Exponential Moving Averages (EMAs) on the weekly timeframe indicates a bullish market stance.
The pattern of consistent higher highs reflects sustained bullish momentum.
Elevated trading volumes validate the strength of the breakout, indicating heightened market participation.
Target - 2112 // 2315
Stoploss - weekly close below 1464
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SOMI ConveyorThere is a one more stock Which is showing a great opportunity in this type of market showing great strength, stock is in Upper Circuit SOMI Conveyor. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
APOLLOTYRE - Head & Shoulder patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
NIFTY DAILY - 7/3/2024Nifty open with Gap up and traded flat to positive after hitting records high that is 22525 level.
Nifty has formed small red body candle with lower and upper shadow.
Candle is trading near upper band of Bollinger Band.
Today nifty went above 22520 level which was resistance level but didn’t sustain, there for Nifty find nearest resistance 22520 level and nearest support lies around 22368 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 30
Decline - 20
FII Buy + 7,304.11 crore
DII Buy + 2,601.81 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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