DRREDDY is ready for fireIn today's trading session, the price has given a breakout of a falling trendline and flag and pole pattern. The price is trading above 14 EMA. MACD is turning positive.
Keep a close watch.
Disclaimer- I am not a SEBI registered technical analyst and adviser. Kindly trade on your risk.
Bullishpattern
BITCOIN LAST DOWNTREND CYCLEAs Per #Bitcoin 1-day chart analysis, it is CRYPTOCAP:BTC last cycle towards downtrends around $62k-63k approx. within next 4-5days and after that, #Bitcoin starts moving towards their Uptrend cycle of #BullRun, again in Zig-Zag mode of some little Ups-Downs as per #Elliott #ImpulsiveWave with from 5-7 August onwards upto Feb. 2025 and then its #CorrectionWave starts afterwards of #ElliottWaves pattern.
So, take little bit of patience more and just be ready for a big ride of #CryptoMarket Bull-Run soon with #Altcoins market too.
And, always Trade with #StopLoss and #DYOR before investing into any Crypto Assets.
As well,
Like Share and comments on chart analysis too...
Sectoral Analysis-Nifty ITA sectoral analysis after quite long time.
I had previously covered Nifty Pharma & Nifty Energy which have outperformed Nifty.
However, Nifty IT has largely underperformed in the last 2 years as compared to broader indices mostly because of recession in western countries.
The sector is in consolidation since last 3 years and all the investors of large cap IT companies have been waiting for a breakout to happen.
If the chart of Nifty IT is analyzed, we can see a possible cup and handle formation.
Once Nifty IT index breaks 35500, handle breakout would be confirmed and we can expect 36800, 37450, 38700++ targets.
Midsmall cap IT sector stocks like Persistent, Birlasoft, LTTS and many more have similar charts as of Nifty IT. Do keep in watchlist as they can give good returns in upcoming months.
Please comment below if you want technofundamental analysis of any IT sector stock.
South India Bank 26.90 - 30%-40% return in short term South India bank is fundamentally strong stock.
Revenue has increased over the period and also the profits.
Institutional investors are eyeing on this stock and coming days might witness sudden move
in price.
if any big institution or securities broker recommends the stock than i would wait for 15days
and buy it later.
Target of Rs 32 - 33
Quickheal- A quick, strong upmove coming soon?I had earlier shared quickheal as a reversal trade which gave big move.
Now, stock has formed a flag post breakout of ATH and is ready to blast.
Please note that stock is overvalued and hence, trade might be risky.
A small correction in broader market can make this stock to fall quickly. Do book profits as targets get hit.
Tv18 Broadcast 40.65 - buying opportunity.On daily chart, we can see double top pattern which indicates bearishness in the stock.
stock is trading at it support level, further it also been seen that stock is consolidating for time.
on short term basis stock has the potential to move up and give 10 to 15% returns
i would recommend to buy with long perspective to make good profits on these stocks.
HDFC BANK NSEDATE - 12th March 2024.
HDFC Bank has breakout today with good amount of candle size and volume too.
Applied Concepts
Chart P. - Inverted H&S
Positive Order Block from Daily Time Frame and Previous OB of Monthly TF as shown in chart.
Only OB is not a good option so here we have applied FVG (Fair Value Gap) also, Price Action has successfully reversed from FVG and gave confirmation for potential upside movement.
Targets
1st Target as per Chart P. is 1555 Rs.
and Further upside Target as per OB and FVG is 1700+.
Thank You!
Have a Good Day.
low risk-high return; min 30% ROI ; swingAdd this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree " .👍
.
Wait for small retracement & daily candle to close above - "145".
Avoid Trade untill ENTRY level.
.
Entry: 145
target: 168 - 195
sl: 138-128
major stoploss/ support: 960
.
.
Enter only if market Retrace and Break s
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer over old posted idea attached below.
IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️🗨️ 2024-2025
For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - "340".
Avoid Trade untill PROPER ENTRY level.
.
Entry: 340
target: 400- 420- 478
sl: 315
major stoploss/ support: 290
.
.
Enter only if market Retrace and Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer our old ideas attached below for Backtesting
HFCL looking good; 100% ROI possible; take a lookFundamentally good stock,
Good For short term investment in cash market'.
Leave a " Like If you agree " .👍
.
.
Entry: 110 / 105
target: 115- 125- 150 - 195
sl: 95
major stoploss / support: 90
.
.
Enter only after breaking & close above " Yellow box" mentioned.
'
'
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer old ideas attached below
Ujjivan Small Fin 19/07/24 - Buying opportunity There has been 30% correction in the stock price from (63 to 44).
Stock has the potential to move upwards in coming days and would give good returns.
Short term target
upside target 48, 52
stop loss 43
Long Term Target
upside target 57, 68
Strong buy signal in charts, good opportunity to make 20 to 30 percent profit.
Retailers Exit, Big Money Enters: Time for a Bullish SurgeThe chart is looking bullish for several reasons. Firstly, the RSI (Relative Strength Index) is rising quickly, indicating increasing momentum. Secondly, there's a noticeable uptick in volume, which supports the price movement.
The main reason for my bullish outlook is a simple price action pattern I've observed repeatedly. When the price hits a support level 3-4 times, it often indicates a very strong support. Retail investors typically place their stop-loss orders just below this support line. This pattern is evident in this crypto as well, as marked by the green circle on the chart. The price recently dipped below the support but is now rebounding, which is a bullish signal.
With retail investors shaken out of their positions, they are likely to re-enter once the price moves above the previous support level. Initially, the price may rise slowly towards the support zone, but once it breaks above, significant buying pressure is expected. The large investors who entered at lower prices will drive the price up to the support level, then take profits as retail buying pushes the price higher.
CAMS - Growing Kid. Portfolio Stock CAMS
Looking good in Parabolic uptrend pattern.
Bullish View.
If this Monthly closing is above 4100+,
Then we can expect the following tgts.
1 : 5221±
2 : 5948±
3 : 6096±
4 : 6861±
Shared it for Reference Purpose based on chart pattern and My STUDY.
Do your analysis from your side too
This is not a BUY or SELL RECOMMENDATION from my side.
ITC: Charting the Path to Smart Investments!A Flag pattern breakout in ITC!!
The mamoth is ready for more upside, it has the possibility to almost double from here!!
Pole height : 300 points
Breakout point : 455
Price where it can reach due to the pattern breakout : 754
Return Expected : 65-70%
Strong Volumes as well !!
ITC: Charting the Path to Smart Investments!A Flag pattern breakout in ITC!!
The mamoth is ready for more upside, it has the possibility to almost double from here!!
Pole height : 300 points
Breakout point : 455
Price where it can reach due to the pattern breakout : 754
Return Expected : 65-70%
Strong Volumes as well !!
Bullish SignsBeing a trading cum self clearances company of NSE - National Stock Exchange, it has to pass through a lot of regulatory certifications and clearances. It is an integral member of NSE and has a high scope of growth till Indian markets stands strong.
Look at the chart, for a long term investment, it give me a great bullish sign.
It has a potential to easily reach at a mark of Rs. 560 but before that it will have to reach at its first target of 220-240, consolidate there and then move ahead.
All this only if India markets stays strong and shows robust growth.
Do your analysis before investing. I’m not SEBi registered.
Birla Soft - Bsoft getting ready for big Party Bsoft
Observed : Parabolic Trend along with Bullish Flag pattern.
Tgt expected
1 : 866±
2 : 983±
3 : 1047±
4 : 1125±
5 : 1353±
6 : 1546 ±
Shared it for educational /Reference purpose based on chart pattern.
Do your analysis from your side too
This is not a BUY or SELL RECOMMENDATION.