[Positional]Ultracemco Long.....Above 6950 (IF BO Happened Without Retest)
Weak Below 6000
or on retest
Add near 6600-6400
Target 7500-8000-10000
BSE
TATAPOWER in uptrend(BO & volume combo)My study on Tata power
Example of Volume and breakout combination
Add on dips stock
From Consolidation to uptrend
Candle 1 is BO candle after 97 days Consolidation
Healthy candle with decent volume
follow-up volume is also good
Candle 2 was again BO candle with good volume
Candle 3 was Trade line BO with volume
now it was gap up which is showing strength with
[positional] Ultracemco Long.....[other up trending stocks]UP trending stock under consolidation
buy above 6960
target of 7523-7920
SL below 6000
good volume in uptrend
and currently under consolidation phase with decreasing volumes
Other stocks are
1.sail
2.tatasteel
3.tataconsumer
4.tatachem
5.upl
6.Dr. Lalpathlab
[Positional/swing] Adaniports Long....Very strong candle with good volumes so
Buy at CMP or above todays high
Target 891-950
Support 640-620
Positional--- ORIENTREF LONG..... All time high volumes in weekly
also increasing in volume with price increment
so for short term buy above weekly high
or
for long term buy at CMP add till 240
Good support near 200-180
if closing below this then we may see more downside
Market Cap--₹ 3,641 Cr.
Stock P/E--49.5
ROCE--29.3 %
ROE--21.7 %
Company is almost debt free.
Good fandamentls
ADANI PORTS ON 15 MINS CHARTAdani port has made Triangle price action pattern. It can also be called Ascending triangle. As we have discussed earlier a lot of times that Ascending triangle is a neutral pattern n it can give breakouts or breakdown ie can move either side up or down. Traders are told to hold target of the exact price range of triangle patterns high n low. Trade safe. Look for long setup when pattern is broken with good volume & vice averse for short trade too.
[swing/Positional] BUY HAPPSTMNDS.....Above 613
Target 663-718
SL-491
Good volumes in BO after 1.5 month consolidation
volumes was decreasing in consolidation
volume spurt in uptrend
[Investing/Long term] Buy DR.LALPATHLAB Buy DR.LALPATHLAB
for short term
buy above 2750
target 2950-3500(long term)
SL-2200
very good volumes seen in uptrend and volume decreasing in consolidation
also observed two very good candle with huge volume
But i will recommend to buy one every dip near 21SMA And 50 SMA(because 50SMA kind of acting as a dynamic support)
suggested to buy this because i think we might se huge growth in diagnostic industry
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 30.45%
valuations seem to be very expansive(but still believing that this will generate good return on long term if we buy on every dip)
thyrocare and metropolic also looking good
Other uptrending stocks are
1.sail
2.tatasteel
3.tataconsumer
4. tatachem
5. upl
6. ultratech
bse 400 mid cap and small capBSE 400 MID SMALL CAP
Good to see support coming at correct time for BSE MID CAP SMALL CAP 400 index
4936 was the support it held on to it.
Cross the resistance of 5191 to end the correction.
Expect 5330 to be tested and witnessed resistance around it.
Once the next breakout above 5330 is witnessed then expect rise towards 5589.
The higher top and higher bottom sequence remained in tact.
RSI got back above 55.
If RSI does not violate 45 again then expect rally to emerge in near term.
Broad market holding will remain good sign even if front line index tend to get sideways/choppy.
Nifty and Bank Nifty diverging movement or under performance of Bank Nifty holding the market progress further.
AMBUJACEM ON 15 MINS CHARTAmbuja cement has been trading in a Rangebound market for a long period of time. Zoom in on higher time frame and we can look that every time when the price of the stock comes near resistance, there’s a good reversal happening. Historical data suggest that same might repeat again only if there’s a good volume. Also to check how much this trend can continue we used Fibonacci extension and we plotted that the 61.8% level and resistance level are around same price level. That means the reversal chances are still high.
If stock open flat or with gap down wait for reversals pattern formation for short trades.
TATAMOTORS ON 15 MINS CHARTIf TATAMOTORS break above 200 MA and sustains well with good volume look for long setup because we can expect the price diff of same range (Plotted on Chart). Fibonacci 50% will be first target & 61.8% second target. Trade safe.
TATAMOTORS IN 15 MIINS CHART.Tata motors is trading at a crucial level. Looking at the chart, the price of stock is trading near 200 MA. There were very few data available on 15 min but after looking at bigger picture we were able to plot two good points for shorting TATA motors.
1) On bigger time frame , 45 min or 1 hour chart , stock is trading below 200 MA, indicating bearish trend.
2) Price action pattern of Rising wedge is plotted, that implies continuation of bearish trend.
3) Crossover of EMAs
If TATAMOTORS open flat wait for the price to break the support and continue down.
If TATAMOTORS open with gap down, wait for retest of support.
If TATAMOTORS open gap up, Look for my Bullish setup on that I will be posting right next after this
BANKNIFTY ON 15 MINS CHARTBanknifty had broken its major downtrend channel. It’s also sustain below 50% Fibonacci level on its major downtrend. US bond rises again and it affected the USA market while closing. Historical data sys, whenever this news has affected USA markets, there were selling seen the next day in Indian market. Bank nifty closed in rangebound market & any side breakout will result in good momentum. Plan your trade accordingly. Trade safe
Nifty Metal IndexIn this video I have tried to show some interesting aspects about Nifty, Banknifty and Nifty Metal Index. Also, i have discussed few of the interesting stock setups which an individual can use for studying.
LUPIN LTD | Head & Shoulders PatternLupin has formed a head & shoulders pattern taking a support at 985 levels. You can go long on it for a target of 1064 and 1115 respectively. Cheers!
GESHIP | Double Top Bearish ReversalIt can be seen in the daily charts that the stock has formed a double top pattern at the levels of 336 and has also broken the resistance of 306 levels. Hence you can short it for a target of 293 and 276. Happy Trading!
MOTHERSUM | Bullish Flag FormationAs we can see in the daily chart, the price saw an uproar from 160 to 227 levels as an impulse move and started consolidating in a range. Hence, forming a bullish flag pattern in the process. It has taken a support at 211 levels, this can be confirmed by the presence of a Hammer candlestick. If it sustains above this level, you can go long on it for a target of 238 and a further target of 250. Happy Trading!
BHARTIARTL | Range BreakoutIf we take a look at the hourly chart, we'll see that the price fell sharply from 580 levels as an impulse move and started consolidating in the 516-530 range, after which it has given a breakout. But be cautious! The Doji candlesticks indicate that there is still uncertainty. So, wait for a proper bullish indicator to enter. We can expect to see the targets of 540 and 548. Happy Trading!
WIPRO LTD | Bullish Flag FormationTarget: 432, 460
CMP: 410.50
It can be clearly seen in the daily chart that the price has been in a falling channel and has taken a support at the lower end of the channel, this can be confirmed by the presence of a doji candle. Now, the price is headed towards the upper band of the channel(432), if it breaks the level and sustains, then we can expect to see a target of 460.
M&MFIN | Bullish Flag FormationTarget - 224, 245. CMP - 214.90 BSE:M_MFIN
We can clearly see in the daily chart that it has formed a pole & flag kind of a pattern which has already given a breakout of the 215 levels. If it sustains above this level, we can expect a target of 224 and a further target of 245.
