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MCDOWELL_N Analysis- in verge of notable Down move ??!!!Chart patterns look prudent for the above titled opinion REASONS 1. MCDOWELL_N has been trading inside a Ascending channel pattern (taking support and resistance at perfect channel levels)( shown below Monthly chart for broad view) 2. Monthly Breakdown by witnessing the January month candle(with volume bump) with low too tested the next month 3. Inside the Ascending channel pattern, it is undergoing the downswing move in the form of descending expanding channel pattern (shown by white trendlines) 4. High and Lower high too formed ....but we need lower low in the weekly chart to confirm the upcoming strong bearish move (shown below in weekly chart ) 5. There is also a BEARISH PENNANT (shown in the above weekly chart itself) yet to breakdown!!! 6. SL level mentioned @ chart 7. Better to enter after breakdown...if entering now, take 736 as target 8. It needs to break the 730 level for the fat bearish move !!! 9. Will update target levels once it gives breakdown!!! Let's wait and watch how it moves!!! Note- Just sharing my view...not a tip nor advice!!! Regards, mmjimm
NSE:UNITDSPRShort
by mmjimm
OBEROIRLTY Soon to see a DOWN MOVE ???!!!Chart pattern insist me to go with the opinion titled above Reasons 1. Oberoi realty has been respecting the channel pattern. 2. Now, it has given BREAKDOWN on Weekly timeframe out of 2.5 year old Trendline support!! (Channel too breached) 3. Volume too seen supportive for the down move. 4. Day candle closing out of the blue trendline will make our exit (STOPLOSS) 5. Target and SL mentioned in the chart. 12% down move awaits as per levels...Let's wait and watch how it moves!!!! NOTE : Just sharing my view....not a tip nor advice!!!!
NSE:OBEROIRLTYShort
by mmjimm
TATA MOTORS Weekly ChartAccording to the weekly chart analysis, TATAMOTORS has been experiencing a prolonged downtrend. However, there is a possibility of a significant upward movement if the stock breaks out of this downward trend. TATAMOTORS is the largest player in the electric vehicle market in India, making it an attractive investment opportunity. As a result, we are monitoring the stock closely and waiting for a breakout of the downtrend to take advantage of the potential profits that could be made.
NSE:TMPVLong
by HSJNFinWisdom
SBILIFE Double top Breakdown ??!!!Chart pattern look interesting for a short trade Reasons 1. SBILIFE travelling in a Descending channel pattern ( hourly time frame) 2. Now, it has formed a DOUBLETOP pattern (with a perfect High & Lower High as the two tops ) 3. Lower low too formed on Friday, increasing our probability and thus Breakdown!!! 4. SL & Target levels mentioned @ chart as horizontal dashed lines(red & green) 5. 2 hr candle escaping out of the channel(yellow) can be less risky SL. 6. On 15th Feb(wed), Sbilife formed a Superb Bullish Engulfing day candle, but couldnot sustain. ... showing the BEARS STRENGTH!!!! 7. 1113(1st target) level small gap remains unfilled!!! Let's wait and watch how it moves!!!! NOTE- Just sharing my view......not a tip nor advice!!!!
NSE:SBILIFEShort
by mmjimm
2
HDFCLIFE in support zoneHDFCLIFE is currently trading at 475, which is very close to the recent low and is in a support zone. There are two possible outcomes: either the stock will rebound from this support level, leading to a bullish trend reversal, or the stock may break down through this support level. There is a possibility of a 10% move in either direction from this point. HDFCLIFE's current market price is at a critical juncture and is likely to experience significant price movements in the near future. It is important to monitor the stock's price action closely and remain attentive to any technical signals that may indicate a potential reversal or continuation of the current trend.
NSE:HDFCLIFE
by HSJNFinWisdom
1
DRREDDY INTO BEARS WARD ???!!!!Chart pattern depicts the situation clearly REASONS 1. DRREDDY has been trading in an Ascending channel respecting the levels perfectly . 2. In Monthly timeframe, DRREDDY has given a Breakdown out of the 5 Year old trendline Support (White coloured) 3. Now, it is going through a Downswing(Descending Channel) inside the Ascending channel 4. Right now in Daily timeframe, it is Consolidating tightly in form of a Rounding Top . 5. Target & SL levels mentioned @ chart. Safer SL - Day close above 4500 Let's wait and watch how it moves!!!! Note - Just Sharing my view....not a tip nor advice!!!
NSE:DRREDDYShort
by mmjimm
BIKAJI FOODS INTERNATIONAL : SHORTUnited States Based FMCG Company , listed in Nov 2022 is Still waiting for price correction. The subscription stock value which was Rs. 285 jumped to 450 within 3 days and since then there is continuous fight for Price correction. We can see the triangle pattern on the chart where the price was getting continuous rejection from resistance level @ 448.20 , However , the buyers were aggressively not letting the the price below pervious swing. However it seems that the stock has just broken the trend line and price correction may occur any time with break down@ 373.35. Good stock for Intraday Selling Trade in Bearish Market. The indicators are as under CMP : 373.35 MA50 : 392.44 MA200 : 355.02 RSI (14): 39.606 ADX(14) : 53.77 ( High Directional Strength ) ATR (14) :10.58 ( Less Volatile ) MACD ( 12,26) : -5.99 Although , we can not ignore the case of Break Out from this range, but I would prefer to with Shorting as the Stock is over priced and need their first price correction. Hence the probability of Break down is much higher than that of break out. Do Not forget to Boost if you like this post.
NSE:BIKAJIShort
by chakraveer1104
NIFTY 50 : 20 FEB 2023 My Predictions for Nifty Movement ... Though Nifty has shown uptrend in short term time frame (15 and 5 Mins ) , but the downward trend continues on daily and Weekly chart as the previous swing failed to break out the LH on 23 Jan 2023. Hence while keeping both small time frame trend and daily time frame in view and the technical analysis , I predict today's movement as shown in the chart. RSI on 15 Min Time frame is crossing 46 upward , However upward trend can not be taken into consideration unless Nifty crosses distal line @ 18260 of supply zone as marked. If It crosses the supply Zone, we can expect reversal and need to follow the Stop Loss. Entry Point and Targets are as mentioned in the chart. Have a nice day ahead.
NSE:NIFTYShort
by chakraveer1104
1
AIA ENGINEERING :MY STOCK FOR THIS WEEKAIA Engineering, a certified ISO 9001 company, specializes in the design, development, manufacture, installation and servicing of high chromium wear, corrosion and abrasion resistant castings used in the cement, mining and thermal power generation industries. Market Cap of Rs. 26,257 Cr and low PE of 26.73 against Industry PE 35.88 . With a consolidated net Profit rise of 155.11% in Dec 2022 , the stock is determined to make an all time high. Fundamentals are strong, so are the Technical Indicators as mentioned in the chart. The Stock is in range for last 14 days and can break out any time to touch its first target of 3334.90. Afterwards we can trail the stop loss as the stock is going to make an all time high. Aggressive traders may enter the trade with SL as 2667 , conservative may wait for the breakout(finger Crossed) . Boost My Idea if you agree with me , Good Luck friends!!!
NSE:AIAENGLong
by chakraveer1104