Yesterday's high of 44483.35 broken today, the new ATH is now 44498.6 thanks to the last 2 5mts candles of today. Banknifty is now in some real good form - not planning to retire any time soon. Would have got some inspiration from MSD from the IPL 2023.
The opening was not that exciting, we even fell in the first 5mts to hit an intraday low of 44207.5. But again...
BN Spot made a High 44147.70 missed ATH intentionally by 0.1. Lets celebrate the fall.
Everything was mentioned treating as Wave 5 Top.
Corrective Wave C- Minimum Target of 43444 to 43365 must come before 13:15 Hrs 19-May-23.
This is my Second Idea. Hope the Charts answers the right .
Cheers!!!! NSE:BANKNIFTY
This global IT solutions provider is about to hit ATH!
NSE:SONATSOFTW
Strengths:
• Strong growth in Digital and Platformation segments
• Diversified customer base and long-standing client relationships
• Robust demand environment and optimistic outlook for the future
• Differentiated Platformation and Lighting tools framework for competitive...
#GOKEX
Gokaldas exports
Added for long term portfolio.
Having reputed customers like customers like GAP, Walmart, JCPenny, Adidas, H&M, Mark Spencer, Sanmar, Puma, Old Navy
Past 3 quarters have been good.
This qtr nearly doubled.
Although, Today and prev trade day candle have shown too much strech, hence, better to add light position.
Also, broader...
GUJARAT ALKALIES
Stock recently give Darvas Box breakout & after testing its recent high now retracing
Buy near 950-955
SL 880
Positional targets 1100/1150/1200
PARTIALLY PROFIT BOOKING STARTS FROM 1000
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
RSI is consolidating between 55-60.
Trading above 20DMA. consolidating above 20DMA with low volatility.
closing above 183 can give rally toward ATH on daily chart.
R:R is 1:3
Monthly chart looks more interesting. ATH breakout on Monthly chart will pullout further rally
Nifty on the logarithmic chart, seems to be in a strong long term trend. The previous correction, which undoubtedly instilled fear in the minds of almost all investors evidently appears to be so small & relatively weak as it failed to touch the previous all time high. This insinuates that Nifty is headed to form a new High!
INDIAN HOTELS
Stock after correcting from recent highs, taking good support from 50% fibo level &
Stock currently trading at its ATH levels,
Watch out for breakout above 237/240 levels, if sustain on closing basis
Then good opportunity for 5-10% move
Also can be kept in watchlist for Intraday breakout on Hourly Closing basis
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Note:
Above levels are for...
BDL LTD...stock is trading in the range of 455 to 360 for more than five month....stock break all previous level...makes ath...
also rsi cross above 60 monthly charts showing long term strngth...
in jan month stock made invitation for trade..
generally monthly charts is used for investment.
target:555
time:4.5 month
FROM, oct to dec stock trading btn 448 to 552 rs but in jan stock broke that level and trying to be above the level of 580 rs.
LONG TERM CHART SHOWS STRNGTH
