Bullish Rounding Bottom on Union BankA bullish Rounding Bottom Breakout pattern activated on the 4 Hour chart of Union Bank. One can create a fresh position in Union Bank at 79 with a stop loss of Rs. 74 for a target of Rs. 89.
Exit the position if the stop loss triggered on DCB.
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Bullishmomentum
Bullish Flag & Pole B/o in ShalbyA bullish Flag and Pole B/O has been seen on the Daily chart of NSE:SHALBY
As per the current breakout structure of flag and pole one look in to it to create a fresh position at cmp with a SL 167 for first target of 197.
Exit the position if the stop lss triggered on daily closing basis.
The risk reward ratio for the trade is 1:2
Expecting a small favour from you to like, sahre and prmote the idea.
Your comments are most welcome.
The idea is for Educational Purpose only.
Bulish Flag & Pole B/O in Z.F.SteeringA bullish Flag and Pole B/O has been seen on the weekly chart of BSE:ZFSTEERING It is als consolidation within the Ascending Triangale also.
As per the current breakout structure of flag and p [ole one look in to it to create a fresh position at cmp with a SL 590 for first target of 690. The tragts may be more hisher when it gives the breakout of the Ascending Trinagle. I will update accordingly.
Exit the position if the stop lss triggered on Weekly closing basis.
The risk reward ratio for the trade is 1:2 and more if ascending triangle breakout happen
Expecting a small favour from you to like, sahre and prmote the idea.
Your comments are most welcome.
The idea is for Educational Purpose only.
Nifty50 positional analysis
Nifty the benchmark is currently placed at 38.2%
retracement along with 20 ema on the weekly chart!
The 17500-17550 zone has multiple moving average clusters .
the trend is still strongly in favor of bulls
the index is placed at trendline support too.
the major concern: the open = high candle formed due to poor infy results is a pain point.
talking about levels:
Support for the index comes at 17550 followed by 17220-200 while resistance is placed at 17870 and 18130 zones
with earning season on, expect a surprise on the cards!!
Happiest minds can make you happy!Happiest minds had given multibagger returns in 2021 and since then, it has been a correction phase in the stock.
Recently, the stock has bounced from a strong support and has given breakout from resistance trendline.
It is a good small cap IT stock with decent fundamentals looking strong for a bullish momentum.
Best buy level for the stock is around 875-880 with SL below 820 DCB and targets as 990, 1150, 1250.
This idea is shared for educational purposes and should not be taken as a recommendation.
PostMortem on BankNifty Today & Analysis of 28 APR 2023I almost believed in everything that happened today, but not after 15.00. The spike seen on the 15.00 5mts candle reminded me of some cryptos that trade out there.
Even NSE:NIFTY had that unusual surge. I was monitoring all 8 nifty50 stocks - and could not believe a bit of it. It may been due to the month end rebalancing but it took me a while to get my grip on things.
The opening candle was red - just that. There was 1 attempt to break below 26th closing prices - but we recovered pretty quickly from that. For a change the option prices had some zing today making me believe that we are going to have a down day.
For 5hr 35mts there was no clear indication of the direction, but the momentum was helping NSE:BANKNIFTY drift higher. And then the 15.00 candle happened. I was checking my twitter feed to see if Russia called off the war or not.
What really changed was the way option prices behaved - most of them would have caught off-guard. The premiums jumped 50% to 95% in this quick 5 to 10mts.
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Nifty50 on the other hand was already having a positive momentum right from the start today. The last 30mts move helped it cross the 17976 resistance with ease. I still dont think its a short covering bounce - it should be rebalancing by the institutions.
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15mts of banknifty is showing a flattish slope comparing nifty50, but do keep in mind it was banknifty that helped nifty crawl out from the fall it had due to NiftyIT from 17th April.
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1hr has taken out the 43012 resistance today which is another win for the bulls. The next resistance of 43253 was kissed but ran out of time. I know how exactly the bears are feeling like, because I am one of them.
Monday will be a holiday, still no one wanted to take the money of the table. Usually such high euphoria wont last - till then its better that bears like me hibernate.
PB FINTECH LTD – Strong Bullish TrendKey Points:
- On daily TF this stock showing strong momentum
- RSI crossed 70 and above RSI MA
- All EMA crossed and good potential of up-move
- Resistance Level breakout
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Anupam Rasayan- Good Bullish MomentumKey Points:
- On daily TF this stock showing strong momentum after a long consolidation zone
- RSI crossed 80 and above RSI MA
- All EMA crossed and good potential of up-move
- Volume > MA
- Trend breakout
In Gujarati we say “ Bhav ej Bhagwan chhe ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just for educational purpose only.
Bharat Wire and RopesBullish view on Bharat wire and Ropes
CMP:- 112.50
SL:- 108
Target :- 118
Technicals
RSI 64 on Daily time frame
Taking support of Horizontal trendline, which was acting as resistance previously (from August 2021 till august 2022) stock went up till 138 and then corrected taking support of fibonacci level.
Stock is trading above both 50 SMA as well as 200 SMA.
Fundamentals
Promoter has reduced their holding by nearly 3% in last one year and by 0.03% in last quarter.
Follow SL strictly if promoter decided to sell their stake further stock might correct sharply.
Disclaimer :- This is not any buy or sell recommendation, this analysis is just for educational purpose. Take any buy or sell call only after consulting with your financial advisor.
Keep Learning, Keep Growing !!
Bullish saucer pattern breakout in Arvind FashionHere's another chart I am sharing for educational purpose where I see a bullish breakout and a potential 30-40% gain.
Entry - CMP : 370
Target - 490
Duration - 3 months to 1 year
Stop Loss - Weekly closing below 330.
Kindly note that this is not a recommendation and only for educational purpose. Invest only after your due diligence.
USHAMART - Bullish Momentum with VolumesNSE: USHAMART is closing with a strong bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
RHIM - Consolidation BreakoutNSE: RHIM is closing with a strong bullish breakout candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 9% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
LT - Swing Reversal with Bullish MomentumNSE: LT is closing with an strong bullish momentum candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
TVSMOTOR - Bullish Hammer - Swing ReversalNSE: TVSMOTOR is closing with an bullish hammer swing reversal candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
MHRIL - Swing ReversalNSE: MHRIL is closing with an bullish swing reversal candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
POLYCAB - Bullish Swing ReversalNSE: POLYCAB is closing with an bullish swing reversal candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 10% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
DRREDDY - Consolidation BreakoutNSE: DRREDDY is closing with an bullish consolidation breakout candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
deepak nitritehi traders .,
1. deepak nitrite finally break the channel top also we can take it as bull flag.
2 . after 12 months consolidation period finally its broke
3 . in day wise its formed inverted h&s pattern
4 first target around 2400 & for long term target 3000
5 target period 15 - 20 days for 2400 (swing trade )
CAROBORUNIV - Bullish Momentum with VolumesNSE: CARBORUNIV is looking for a breakout with a bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along with the trendline support over the past few days which is creating the up trend.
One can look for a 9% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.