BSE
Breakout in Glenmark (Positional)...Good structure observed in Glenmark pharma
few days back observed descending tringle breakout in this stock with volumes
after breakout retest done and Moving average crossover(21 and 200) also happened
then given a good move now stock is under consolidation
volume was picking up in uptrend and drying up in consolidation
above 591
good support 541-530
Target 630--641--690
Glenmark Pharmaceuticals Ltd
Market Cap-- ₹ 16,275 Cr
Stock P/E-- 10.3
ROCE-- 11.1 %
ROE-- 10.6 %
Promoter + institutional holdings >81%
Macrotech Devloper (LODHA): swing showing strong bullish trend on daily time frame.
just a for analysis purpose only....
novice trader
MIN. TARGET =800
SL =590
RR=1:3.85
good luck :-)
BSE BREAKOUT- SIMPLE ANALYSISBreakout in the daily time frame with strong volumes of a very important resistance zone supported by RSI. Positional trade for a target of 720.
M&M FIN- POSITIONAL TRADEGood time to buy for aggressive traders. The stock has given a closing above its 50D EMA in 15 min time frame. Reached the important support level in the 1D time frame and bounced back. Can give an easy target of 175 near its 200D EMA in short term. KEEP ADDING IN SMALL QUANTITIES. LET RSI LINE GO ABOVE 40.
TANLA PLATFORMS-BREAKOUTStock closed above its 50day EMA. Forming a morning star pattern. Volumes were good in the previous trading session. BUY ABOVE 908
HINDALCO INDUS- BREAKOUT. Strong buying seen in the last trading session with good volumes. Near the daily trend line and has given a breakout of a strong resistance zone in 15 min time frame. RSI ABOVE 80. looks very bullish.
MINDA CORP- BREAKOUOTPERFECT DOUBLE BOTTOM PATTERN. ABOUT TO GIVE A BREAKOUT. STRONG BUYING SEEN IN THE LAST TRADING SESSION WITH GOOD VOLUMES. REWARD TO RISK RATIO OF 2:1
Positional--sunpharma long...Sun pharma forming very good base
volume was picking up in uptrend and drying up in consolidation
above 660
target-686-710
weak below 629
fundamentals
Market Cap-- ₹ 154,373 Cr.
ROCE-- 10.5 %
ROE-- 9.06 %
Promoter +institutional holdings-- 87%
[Positional/swing] Divislab Long....Good structure in divislab
Uptrend with increasing volumes
now consolidating with low volumes
So buy 50% above 3855
add more if close above3900
for 6% immediate target approx. 4130
weak below 3650
Fundamentals also looking good
Market Cap--₹ 100,340 Cr.
ROCE--24.4 %
ROE--18.6 %
Promoter + institutional holdings More than 89%
Debt Free
Nifty will retest 14800 support on expiryDue to expiry nifty is going to retest the support of 14800. All contracts are going to settle.
Disclaimer -This is for educational purposes. Trade at your own risk.
Comment your view
thanks
SBIN -BREAKOUT-Simple analysis.Channel breakout with strong volumes. The next target can be 370 once it sustains above 355. 322-330 is a strong support region.
cochin shipyard bearish. 340 supportA head and shoulders pattern is a chart formation that appears as a baseline with three peaks, the outside two are close in height and the middle is highest. In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
In this case, we have a conviction of a bearish trend.
wait for trend to break 340.
318/305 are close targets.
BPCL- SWING TRADEIt was continuously taking support at the 200 D EMA, which is also a Fibonacci level. Increasing volumes in the last two trading sessions. Looks perfect for a swing trade with a reward to risk ratio of 2:1.
Please let me know your views in the comment section.
#banknifty analysis for 26th April:-#banknifty analysis for 26th April:-
Decision Zone:- 31,366 - 31,565
Resistance Zone:- 32,325 - 32,560
Support Zone :- 30,405 - 30,555
Big panic fall is only below 30,400 & panic buy above 32,560
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels.
How to trade? Play the range of (Resistance Zone:- 32,325 - 32,560) to (Support Zone :- 30,405 - 30,555), anyside breakout, go either long or short for min 1000 points directional move.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Bajaj Consumer - Good Breakout!Look for a buying opportunity at 290 levels. With a reward to risk ratio of almost 1.7. Short term targets can be around 320. Great share for long term with excellent fundamentals! Keep on your radar.
EICHER MOTORS IN 15 MINS CHART1) FALLING WEDGE PATTERN ( Reversal pattern )
2)MACD DIVERGENCE
3) INCREASE IN VOLUME
Eicher motor broke falling wedge pattern and we can expect upside move. Fibonacci 50,61.8 should be our two targets on upside. Trade at your own risk. Trade safe.
WIPRO price analysis on 15 mins chartWipro is sustaining above 200ema and it has formed not one but two trend reversal patterns called INVERSE HEAD N SHOULDER , the other one called CUP N HANDLE. Both of these pattern are trend reversal price action pattern. Targets mentioned on charts. Trade at your own risk. Trade safe.
Larsen & Toubro 15 mins chart analysis.LT is forming a falling wedge pattern which is a Trend continuation pattern. As LT is sustaining below 200 EMA it indicates that stock is in downtrend and falling wedge formation gives strong setup for shorting stock in intraday basis. Look for the open of market if the range or wedge is broken down go for short trade.
This is just my view. Trade at your own risk. Trade safe.
Harmonic Pattern SetupsIn this video i have shown multiple examples of harmonic pattern setups in indian equities with an aim of providing live examples for people to learn and practice these complex patterns.
