SWING OPPORTUINTY IN FALLING MARKET (REDINGTON)Stock gave strong breakout of all time high and trading above it if it sustains above 230,we can see buying opportunity till 250 ,270.
Entry - Above 230
Target -250 to 273 (According to your risk management)
Stoploss - 211
This is not a buy or sell call, analysis is shared for educational purpose.
Bullishsetup
ONGC: Prepared for a 20% RallyThe chart of ONGC provides delineates critical price thresholds that signify breakout point, along with specific support level that serve as indicators of where buying interest may manifest.
Additionally, the chart highlights regions likely to act as resistance point for future price ascension, allowing for informed decisions on entry and exit strategies.
Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
SOUTHBANK By KRS Charts2nd Jan 2025 / 1:05 PM
Why SOUTHBANK ❓
1. Fundamentally Stable Company ✅
2. Wave Count seems like 4th Wave is about to Finish. 👍
3. Currently taking support on 100 EMA 1W Timeframe with Bullish Doji candle.
4. Descending Flag Pattern Breakout with Retest with bullish trait 📈
Initial Target - ~34 Rs.
SL 1W Closing below 100 EMA
IRCTC by KRS Charts11 Nov 2024 / 11:11 AM
Why IRCTC ❓❓
1. Fundamentally Good Company. 💪
2. Technically, it was already Entered in Golden Reversal Zone. 🔅
3. Along With that inside that zone now Bulls Counter- Attack is visible ✅ which is formed at the bottom of the Trend for Reversal.
4. At recent Bottom Positive Order Block has formed and showing Bullish Traits from that level.
5. With Bull C. A. green candle RSI is showing Bullish Reversal Divergence.
Targets & SL is in Chart
IOLCP: The Next Big MoveFollowing a prolonged 4 month downtrend, IOLCP has successfully breached the significant resistance level at 417 on daily chart, which now serves as a change of character. The RSI has also crossed above the 60 threshold, further supporting the idea of positive momentum within the stock. Additionally, the daily closing prices are positioned above all EMAs, indicating a strong bullish sentiment.
At this juncture, IOLCP appears poised for upward movement, with the next resistance level identified at 514 . Refer to the accompanying chart for a visual representation of Resistance, Breakout and Stop-Loss.
Disclaimer: This analysis is provided solely for informational and educational purposes and should not be interpreted as financial advice. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
UNICHEM LAB- Stock is at approx 20% Discounted Price (dropped from all time high).
- Laying at trend Channels.
- high Volume Candle formed. (Green Signal).
- Stoploss is mentioned in Chart - 719 (approx- 7-8%)
- Can give Good Returns if it's follows Trend.
- Technically Strong in big timeframes (Monthly & weekly).
- Targets in Short term(2-4 months) : 859-900-935-990
- Target for long term (4-8 months) : 1065+++ (approx - 35%)
DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following
1. RSI on all time frames (i.e. D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase
4. ABCD pattern under formation on weekly chart
5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively
Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool
Lets see How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Is This Upward Move Built to Last?Strong closing in Nifty on Friday at 23900+ level.
We should see a strong gap up post Mahrashtra state elections results !
Expecting Nifty to give a gap up opening !!
We should see a gapup and a small sell off / profit booking post which Nifty should settle around 24100 level for any further upside move.
Nifty Resistance : 24200-24500.
More upside will be only above 24500.
Bank Nifty Resistance : 51400-51700-51990-52150.
Support : 51150-50700.
IREDA -INVESTMENT OPPORTUNITY IREDA is down 15-20% from it's high but it's financials are strong.
Price action on charts also trying to say it can move upside but confirmation will be when price test it's previous resistance and hold that levels and break resistance.
If this price action is formed on charts then price will move towards its major resistance.
HAPPSTMNDS BULLISH HAPPSTMNDS BULLISH
CLASSICAL ELLIOTT WAVE FORMATION
Impulsive move with extension formed as Wave1 ( wave count of 13 considered to avoid confusion of internal count)
Correction with retracement upto 0.618,
Complex correction ( double combination ending with a triangle)
Breakout from the triangle with increasing volume will suggest start of new trend (Wave 3)
It's an analysis and not an investment advice, trade with due diligence.
FRESNILLO setting up for its redemption run Fresnillo is an interesting chart. Looks like a major bottom has set in. If by any chance price goes back to 460-455 level, I will not miss the opportunity to buy. If silver moves up towards $60-70 zone. This scrip will hit a home run. Onwards and Upwards.
Stoploss can be placed at 450.
KPIT Tech: Is This High-Conviction Pattern Set to Deliver?This is purely a technical play in NSE:KPITTECH
The chart is showing a high-conviction inverse head and shoulders pattern, suggesting a potential bullish reversal. A volume breakout and close on a lower timeframe above 1882 could provide a solid entry point.
For this trade one can maintain a strict stop loss of 1790. The targets to aim for are 2054 and 2105, which align with the expected move from this setup .
This is a short-term trade idea, but monitor price action and volume for confirmation of the breakout. Additionally, consider any other technical indicators or tools that could further validate this setup.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risks and is not suitable for everyone. Always conduct your own research and consult with a financial advisor before making any investment decisions. The author is not responsible for any losses incurred.
FAZE3Q | BUY1) FAZE3Q shows strong uptrend potential with good technical and fundamental looks strong
2) Textile sector was underperforming for the past few years, we can expect a demand from this point, this makes the sector looks attractive
3) FII's have started entering into the stock which looks promising
Entry: Can consider current price
Disclaimer: For informational purposes only. Do your research or consult a financial advisor.