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Bullishtrends

Hot Stock Alert: TCS Poised for a Breakout – Key Levels to Watch • Current Price: The stock is trading at ₹4,149.20, down by 1.85%. • Key Levels: • TP01 (Take Profit 1): ₹4,259.30 – a potential profit-taking level. • TP02 (Take Profit 2): ₹4,604.05 – a higher profit target, suggesting strong bullish momentum if this level is reached. • Entry: ₹3,777.16 – an ideal level for entering the trade, as indicated by the chart. • Stop Loss: ₹3,590.50 – a critical level to limit losses if the stock price falls below this point. • Trendline: A green ascending trendline supports the idea that TCS has been in an upward trend since 2023, indicating that this is a correction within a larger bullish trend. This setup is likely targeting short- to mid-term traders, with well-defined entry, stop-loss, and take-profit levels.
NSE:TCSLong
by OptimaltradeX
Unlock KNRCON’s : Riding the Bullish Breakout to New HighKNR Construction Ltd (KNRCON), a few key features can be observed: Weekly High: Around 415 Weekly Low: Around 202.53 Current Price: Around 352.95 Breakout Structure (BOS): The stock seems to have experienced a breakout above resistance. Here’s a potential trading strategy based on the current data: 1. Support and Resistance Levels: Resistance Level: ~415 (near the weekly high) – if the stock moves towards this level, it could face selling pressure. Support Level: ~308 (50% Fibonacci retracement) – this can act as a strong buy zone in case of a correction. Long-term Support: ~202 (weekly low) – strong support level. 2. Entry Strategy: Breakout Trading: Since the stock has broken out from a previous resistance (BOS), a good entry point would be around the current price (352.95), with a target near the next resistance level (415). Pullback Entry: If the stock retraces, consider entering around the 50% retracement level (308) with a stop loss below the next support level (255). 3. Stop Loss: For an aggressive trade, place the stop loss around 308. For a more conservative approach, place the stop loss around 255 (75% Fibonacci retracement). 4. Target Levels: First Target: ~388 (previous highs) Second Target: ~415 (weekly high) Long-Term Target: If momentum remains strong, potential breakout beyond 415 could lead to a higher upside.
NSE:KNRCONLong
by OptimaltradeX
2
Tata Motors - Poised for a Powerful UpsurgeTata Motors is presenting an exciting setup, and all signs point to a potential strong move upwards, thanks to multiple demand zones aligning perfectly across higher time frames. Monthly Demand Zone : Tata Motors has firmly entered a high-confluence area, with the monthly and daily demand zones acting as a solid foundation. These zones represent areas where big buyers historically step in, making it a strong base for a bullish reversal. The confluence between the larger time frames adds even more strength to this zone, suggesting a high probability of upward momentum. Monthly Demand Zone Daily Demand Zone Reactivity: On the daily chart, the price dipped into a daily demand zone, triggering a sharp bounce. The immediate reaction from buyers shows the validity of this zone, with bulls actively defending it. This reactivity adds further confidence that Tata Motors may have found a strong floor.( visible in lower time frame Charts) Daily Demand Zone: Lower time frame Reaction: Higher Timeframe Trendline Support : Adding more weight to this bullish setup is a long-term trendline support, which has acted as a reliable level for price to bounce from historically. This trendline is now aligning with the demand zones, creating a super-strong support structure. It’s not just the demand zones that are holding; the higher timeframe trendline is also providing a solid foundation for the price to launch upward. Trend Line support Gap-Filling Opportunity: There’s also a gap in price that remains unfilled, creating a target area for bulls to aim for. Gaps often act like magnets for price, and with the support from both the demand zones and the trendline, Tata Motors looks set to make its way upward to close this gap With Tata Motors sitting in a confluence of monthly and daily demand zones, supported by a long-term trendline and a gap-filling opportunity, the setup is ripe for a significant upside move. The alignment of demand zones across multiple timeframes combined with the trendline support creates a compelling case for a bullish rally. This is one to watch for a potential strong uptrend!
NSE:TATAMOTORSLong
by JS_Trading_Tradingmadesimple
TEGA: Prior to earnings rally expected📊 NSE:TEGA Technical Analysis - February 5, 2024 📈 Market Overview: 🌐 TEGA Industries, a leader in distribution services and wholesale distributors, has shown significant technical indicators suggesting a bullish 🐂 trend in the National Stock Exchange as of the latest analysis on February 4, 2024. The last trading price stood at 1186.00 💵. Technical Indicators: 🛠 EMA & MACD: The Exponential Moving Average and Moving Average Convergence Divergence indicated a buying territory as of February 1, 2024, with a crossover. 📉➡️📈 Parabolic SAR: Continues to indicate a bullish trend. 📈 Fibonacci Levels: Price gained strength from the 0.5 level at 1142.15, closing slightly below the 0.786 level at 1189. 📏 RSI & %R: The Relative Strength Index is in the positive trend, upper band, indicating bullish momentum. 💪 Fisher Transform: Indicates positive territory, supporting the bullish outlook. 📊 Entry & Stop Loss Levels: 🎯 Aggressive Investors: Entry at 1194.70 with a stop loss at the Fibonacci 0.382 level, 1120.70. 🚀🛑 Conservative Investors: Entry at 1224.40 (PO level one) with a stop loss at the Fibonacci 0.5 level, 1142. 🏦🛑 Target Price: 1247.90. 🏦🛑 Market Outlook: 🌤 The broader market positivity supports an uptick for TEGA Industries. The target price, while not explicitly clear, is anticipated to be around 1250 (Target 1) based on current momentum and technical indicators. 🎯📈 Disclaimer: ⚠️ This analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult a financial advisor before making investment decisions. Market conditions are subject to change without notice. #TEGAIndustries #TechnicalAnalysis #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:TEGALong
by finogent
CG Power: Range breakout on back of expected good QTR NumbersNSE:CGPOWER - Technical Analysis Update 🚀📊 Current Price: ₹479.65 (as of Jan 5, 2024, 12:08 PM) Key Indicators: Opening Price: Above critical level of ₹469.75, indicating a positive trend 🟢 Moving Averages: Recent bullish crossover in EMA and MA MACD: Anticipated crossover in next 1-2 days; Current MACD at 6.85, Signal at 7.82 Stochastic RSI: Recovery from oversold, K at 61.25, D at 33.09 %R: -31.76, still below upper band Fisher Transform: Positive crossover at 0.08 (Fisher), -0.37 (Trigger) Market Outlook: Positive momentum observed, with a break in the short-term price range. Bullish signals from moving average and MACD crossovers. Trading Targets: First Target: ₹488.50 🎯 Second Target: ₹503.55 🎯 Caution: STOP LOSS: exit around ₹461.55 - ₹461.80 (0.382 Fibonacci level). Monitor closely for sustaining the upside movement. ⛔ Conclusion: CG Power shows strong potential for growth, with key indicators pointing towards a bullish trend. Ideal for investors looking at short to mid-term gains. Stay vigilant and trade smartly! 🌟⚡ Disclaimer: Informational Purpose: This analysis is for informational purposes and does not constitute financial advice. No Guarantee: The accuracy or completeness of the information is not guaranteed. Investment Risks: Stock market investments are subject to market risks, including the loss of principal. Independent Research: Investors should conduct their own research and consult a financial advisor before making investment decisions. No Responsibility: The author is not liable for any losses or damages arising from the use of this analysis. Regulatory Compliance: This analysis is not a guarantee against regulatory risks. Hashtags: #CGPower #StockMarketIndia #TechnicalAnalysis#InvestingTips #NSEIndia #TradingView #StocksToWatch #MarketInsights #Finance #TradingSignals #WealthManagement #InvestmentStrategy #BullishTrends #FinancialPlanning
NSE:CGPOWERLong
by finogent
2