NIFTY... BEST TIME TO INVEST??When Nifty can fall 2200 points in one month, I won't be surprised if it rises by 2500 points in the next month.
Nifty is almost at the end of the downside correction, with wave 5 ending around 23800 - 24100 levels. I'm expecting a rapid recovery in Nifty, taking it beyond all-time high levels very soon.
Even if Nifty falls below 23800 sometime next week, I'm expecting a weekly close above 24000, which would suggest a good recovery in the coming days.
Trade with appropriate stoploss, as the market is always RIGHT!
Bullishpattern
Invest Anuras Rasayan 45% already Reduced. Cheap price BUYPromoter holding 60% that means company is healthy and market capital also good.
already 45% reduced from all time high 1230 .
we may invest and hold upto 60%. 30% expected.
Buy/Entry 1 - 670
Buy/Entry 2 - 620
Sell/Exit 1 - 880
Sell/Exit 2 - 1060
Medium term trading opportunity in Oriental Aromatics Hi,
NSE:OAL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Is the Bottom Made in Nifty & BnK Nifty ?? Positive Divergence in NIFTY in Daily, 2 hours chart. Any close above 25000 levels will open doors for 25200. above tht 25500-25777 would be seen.
Bank Nifty is creating cup and handle pattern in the short timeframe of 2hours. Breakout has been made, from here it has hurdles every 200 points 52400-52600-52850-53050 level. Bank nifty is poised for more upside but should see 51990 once again before the upside journey !
Medium term trading opportunity in Styrenix for v. good upsideHi,
NSE:STYRENIX has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term trading opportunity in Balu Forge for V. good upsideHi,
NSE:BALUFORGE has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
OLECTRAOLECTRA - If you look at the history of the stock, there was a downfall from 2022 to March 2023, then the stock gave a breakout and a good move came, a similar pattern has formed
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 ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Praj Industries Ltd - Trading BoxPraj Industries Ltd has formed a rounding pattern from November 2023 to June 2024, followed by a breakout and subsequent retest. Although the price initially surged, the target has not yet been reached. Currently, the stock is trading in a range with support at 715 and resistance around 820. Recent high volumes suggest a potential upside breakout is imminent, with both the range target and rounding pattern target aligning at 950. This confluence strengthens the bullish outlook for the stock.
Disclaimer
Please Note Above analysis will work if price pierced and closed above resistance zone.
CHOLAFIN - Breakout and retestCHOLAFIN - Breakout and retest in Daily timeframe. The company has been in uptrend and the trend is likely to continue. I see a good upside potential/ Swing trading opportunity in this stock. There is a good entry point now with a very good R:R.
The company has very good fundamentals and has been a consistent good performer.
Note: These are my personal views only. Please conduct your own research before making a buy/ sell decision.
Mankind Pharma Ltd - Cup with handle pattern formationThe cup with handle pattern is a bullish chart formation resembling a cup with a slight consolidation (handle) on the right. A trading strategy involves entering a position when the price breaks above the resistance level at the top of the cup, ideally after confirming bullish momentum.
Mankind Pharma is forming a cup with handle pattern on the hourly timeframe, signaling potential bullish movement. The handle has formed on a flat base, reinforcing the bullish setup. Where the prior resistance become support (Support-Resistance Flip).
Chart Structure: Price is creating higher tops and higher bottoms, indicating a strong uptrend where as RSI is trending higher and remains above 50, confirming positive momentum.
Trade execution planned above 2835,anticipated target is above 3000, suggesting substantial upside potential if the breakout is confirmed. SL would be the last higher swing low.
Medi Assist Health (MEDIASSIST) by KRS ChartsDate:11th Sept 2024
Time: 10:43 AM
Why MEDIASSIST ❓❓
1. Broken Range in June 2024 and was range-bound around previous Resistance.
2. Again, in Sept with Huge Volume and Huge Green candle broke out range and successfully retest recently.
3. All over movement so far is sideways to turning Bullish.
4. Recently made All Time High and I'm expecting it to reach 742 Rs.
SL will be 641 Rs with 1D closing basis
INDRAMEDCO - Bullish Flag PatternINDRAMEDCO - Has shown a Bullish Flag pattern in the Daily time frame - This shows strength in the stock and also means potential upside in the near future.
The company has a fantastic history and fundamentally has very attractive numbers, not only this is a good entry point for swing traders but also a good stock to hold for a long term.
Note: These views are personal and for informative/ educational purpose only. Please conduct your own research before making any investment decision.
POONAWALLA - Ready for next swing?POONAWALLA is currently sitting at a support level it has often returned to. For the past three years, the stock has stayed within this channel. Right now, it seems like there’s a good balance between risk and potential reward if you were to invest. The company itself is performing well based on its financials and seems like a promising option.
However, this is just a personal opinion. It's important to do your own research before making any investment decisions. This is not a suggestion to buy or sell the stock.
Swing Last in 2015 this stock given breakout but at retest level it failed and came down to 335
Then tried multiple times to give breakout at the same level of from where it falled in 2015
But this time in 2024 this green BO candel closed above the resistance line and while retesting it sustained it support line from where it falled in 2015.
When reversal came it closed above its resistance line in Day Tf also in week Tf also
BULLISH
JKPAPER JKPAPER - reversal stock and breakout with good volume
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 ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
SHETR - Clean BREAKOUT with volumesSHETR - Shetron Ltd. has shown a strong breakout after trading within the same channel for a year. The stock’s price action has been quite predictable, and the consistent trading volumes further support this trend.
The company also has solid fundamentals and operates in an intriguing business with noteworthy clients. I anticipate a potential upside in the short to medium term.
However, please conduct your own research before making any investment decisions.
HINDHARD - Breakout with VolumesHINDHARD - Gave a breakout in DAILY timeframe. The stock has been trading in this channel for nearly 2 years and has given a clean breakout with good volume.
The company has very good fundamentals and the price action clearly indicates a positive run in the near future.
Please do your own analysis before making a buy/ sell decisions. This study is purely based on my own understanding and interpretation of the price action.
SRHHYPOLTD looking good on a monthly timeframe#SRHHYPOLTD has given a breakout at 875 on a weekly timeframe with high volume. If the weekly close is above 875, it will confirm a bullish breakout. Upside potential: 30-40%. Stop loss: 795. This is not a buy/sell recommendation. Research carefully and invest at your own risk