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
Alltimehigh
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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06 Mar ’24 — New ATH, yet again - are you a believer now?Nifty Analysis - Stance Bullish ⬆️
Recap from yesterday: “Nifty managed to pull up and close above 22358 which is not a bad thing at all, but what was worrying is how NiftyIT traded today.”
4mts chart
How many of you really thought we would hit a new ATH today? Even if you happened to read yesterday’s post-mortem report - you might not have gathered enough courage to go long. The markets really took all of us for a ride today. The opening hours it spent below the 22295 support showing a strong intent to fall. NiftyIT was trading with deep cuts and went almost to negative 558 points by 11.39. BankNifty on the other hand started strong and stayed strong and could pivot NiftyIT to go green. Even though the market views all favored us, the positions did not. The underpricing of the call options and the strong short-covering really hurt us. What is more saddening is the low conviction of the CALL short sellers, the moment the market turns - they run for cover. And this running away is fueling further upmove which triggers the next strike’s covering.
The strength of the last 2 GREEN candles requires no special explanation. Right from the support level, it went and took out the all-time highs. Two things were in favor, firstly the strength of Banks and then the massive reversal of NiftyIT. We are maintaining our bullish stance for tomorrow as well, but we are not expecting 22600 to be broken tomorrow.
63mts chart
NIFTY DAILY - 6/3/2024After a three choppy session Nifty hit a new high in second half that is 22497 level.
Nifty has formed a big green body candle with long lower shadow which indicates buyers were buying from lower end and upper shadow.
Candle has taken support of 9 days Exponential Moving Average.
Nifty find nearest resistance 22520 level and nearest support lies around 22269 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 35
Decline - 15
FII Buy + 2,766.75 crore
DII Buy + 2,149.88 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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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
NIFTY DAILY - 22/2/2024Indian index opens with negative note and made days low that is 21875,
but into second half bull started buying from lower end and took over the market and made days high that is 22252 that is also a new all time high of index.
Index has form green body candle with long lower shadow and upper shadow which indicates that participants were buying from lower end.
We may see resistance at 22381 level and 21989 level will work as support.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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LTTS close to ATHNSE:LTTS is close to its all time high now. On weekly charts, one can look for the breakout and then add in this position. This business looks strong and with other listed peers like NSE:TATATECH commanding a strong valuation, one can expect better P/E multiple for this business as well. Buy only on breakout.
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
LICI- All time high breakoutInsurance sector in action with leading company giving all time high breakout. LIC of India is giving all time high breakout on daily chart. The volume in last 1-2 months are quite high and stock has till now given a returns of almost 30% in year 2023. This seems just the beginning of rally in this stock.
The next possible levels on the chart is 1083 according to Fibonacci.
Disclaimer: The stock shared is only for educational purpose and does not include any buy or sell recommendations.
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
SHREDIGCEM - 2.5 years Consolidation Breakout.SHREDIGCEM
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2021 and has given a breakout & Closed with strong bullish momentum & Huge volume in monthly time frame.
3) Next resistance will be around the price 142.
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
IIFL SECURITIES - PREVIOUS ALL TIME HIGH BREAKOUTIIFLSEC
1) Time Frame - Monthly.
2) ALL TIME HIGH breakout in monthly.
3) Primary trend will act as a resistance / profit booking zone in the long term at (Price 204).
4) Recommendation - Strong buy
INDOAMIN / INDO AMINES LTD - 7 months Consolidation BreakoutINDOAMIN / INDO AMINES LTD - 7 months Consolidation Breakout.
1) Time Frame - Weekly.
2) 7 months of consolidation broken in Daily Time frame With Huge Volume.
3) Stock will find a resistance around the price 176.40 (Previous All Time High).
4) Recommendation - Quite risky to enter with daily time frame but still it is a Good buy / one can buy after the weekly candle's close as same as today in Daily Time Frame.
ALLSEC / Allsec Technologies - PREVIOUS ALL TIME HIGH BREAKOUTALLSEC
1) Time Frame - Weekly and Monthly.
2) Stock hit the previous Life time high 747.90 on 2022, January and Now the stock has broken It's Life time high 747.90 with huge volume & strong bullish candle in weekly and closed at It's All TIme High.
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 747.90.
4) Recommendation - Strong Buy