Price retraced.. 4H Support on EMA 21.. Longing Here.. Great Potential
MANINFRA Daily has trendline breakout with 200 ema support on daily candle. Also it made double bottom with rsi divergence. Good to buy at 82.50 for target of 99 with sl below 78
NSE:INFY is a very strong fundamental IT company. recently it is underperforming since last 10 months, but on the daily chart frame it has created a beautiful inverse head and shoulder pattern, which is looking very promising. one can make position in this stock for the targets of 1960 in next 3 to 6 months.
#crudeoil looks bullish on Daily & weekly charts. eyes on closing
The GBP/USD pair builds on Friday's solid recovery from a six-week low and gains strong follow-through traction for the second successive day. The momentum lifts spot prices to a two-and-half-week high, around the 1.2170 area during the first half of the European session and is sponsored by the prevalent US Dollar selling bias. From a technical perspective the...
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JUBLFOOD - Weekly bullish.. Long This week its a bullish engulf, last week ite a hammer and prior week it triee to brk resistant line.. And this week its closed above resistance.. Looking good to take position... Target would be 630,640... Note:: im not sebi registered. Kindly consider as educational post, plz do ur own analysis before taking position...
#BANKNIFTY ANALYSIS. Market are now in bullish zone which is 41326 if the market break 41530 zone then we can go for CE(CALL) First target = 41650,41755,41831. if the market break 41263 zone then we can go PE(PUT) First target = 41186,41078,40995.
Good day :) NIFTY IT has given a range breakout with a strong Marubozu open candle. Most of the IT stocks are performing really good and most of them are giving breakouts. I have identified one of the most strongest stocks of the IT sector which holds a weightage of more than 7% in Nifty. The stock is INFOSYS. This stock has been in a channel since May 2022. In...
Resistance @ 99, 114 Support at 60 Revise targets in April, May and August 2023-25 Pros: 1)Reduction in GRM to increase the demand. 2)Green Initialtives to be housed in existing IOC franchises. 3)Stock is trading at 0.86 times its book value 4)Stock is providing a good dividend yield of 10.7%. 5)Company is expected to give good quarter 6)S/D Gap in EV...
As predicted earlier gold is on a bullish run which had a deep correction down to 1910. Price continues to trade above 1920 which will act as a pivot point for the current trading setup. sAME RISK MANAGEMENT HAS TO APPLY IN THIS SETUO AS WE TARGET A BULLISG=H TREND TOWARDS 1950 and 2000 Q1
TDPOWER SYSTEMS Daily had trendline breakout, now it has done good retest of trendline. Hammer formation. Good to buy at 134.50 for targets of 149,179 with sl below 125. Good to add up to existing qty
M&M was traded within a range for long time and comfortably broke out the range today with huge volume . Go Long for swing trade if opens and sustains for a 5min candle above 1380 or wait for retest to previous resistance 1367 price levels. Target will be around 1420-1440 Happy Trading
Few pointers from my analysis on CAPLIN POINT LABORATORIES: 1. The stock has consolidated in the Triangular pattern and currently near its major support. 2. The major support trendline is near 0.382 Fibonacci level, thus has done healthy retracemet. 3. The Horizontal support is broken on the downside, however on lower volumes. Conclusion: The current setup is...
February 15 or 16 Big movement in banknifty and Nifty Trade base price action(up or down) confirmation But movement is very big either up or down Trade base on price action confirmation
KAMATHOTEL:- Rounding bottom pattern has been formed, if the breakout sustains the upside, we may see upside movement. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other...
Chamanlal Setia Exports Ltd (CLSEL) Bullish on this stock. Even with so much of panic selling in the overall market Volume on the bearish candles are not so great. Stock is in the uptrend. Forming Hammer candle near 55 SMA level which is also 0.382% level of Fibonacci retracement which might be a sign of bounce back. Target 1: 135 Target 2: 140 SL for a...
Shiba Inu coin formed a double bottom pattern in 15m time frame.It is retesting now from the neckline(S1) and can give a upper breakout to R1.If the neckline breaks out with high volume candles,a long trade can be initiated.Support and resistances are marked on the chart.keep on eye on this trade. Happy trading.