Buy!
PNB Buy on Dips with Multiconfirmation indicates Bullish TradePNB Daily Chart
Reason for Bullish view :
1. Multiple Entry on Trendline indicates Buy on Dips. Refer Green Up Arrow.
2. Candle above 200 Moving average indicates bull run about to start for long term.
3. Daily Trendline break out with 200 MA breakout indicates confluence Trade so entred at 39.55
4. RSI Bullish Divergence in Daily Time Frame indicates Bulls are in Power.
5. RSI value above 60 indicates strong momentum.
6. Overall Momentum is Bullish
View : Bullish for long Term / Medium Term / Short Term
Buy @ 39.55
Stop Loss @ 38.00
Target1 : 41
Target2 : 43
Target 3: 45
Target 4 :48 +++++++++++++++++++++++++++++++++++++++++++
SBI Card (buy)NSE:SBICARD
SBI Card looks good for buying in multi time frame analysis
In weekly, it has created hammer at very strong support, can buy above last week high, and Stop loss below previous week low
In daily Piercing candle and good volume
Rsi moving above 40 in daily which shows sideways or uptrend market
Open interest showing short covering and long buildup in CE side
Note: I'm not a SEBI registered guy, It's only for educational purposes.
ITC - The stock completes consolidationThe Idea is to go long. Targets and Stop loss shall be based on your risk taking capability and style of trading
A Small retracement can happen to test back the Support so be cautious and take entry as per your own analysis
If you have any doubt I'll be happy to clear it out.
:)
Breakout in Tata MotorsClear breakout in TATA Motors on a daily and weekly basis.
Tata Motors already filled the gap and made strong support. You can buy it at Rs 495 and in short term, it will go to Rs 512.
Once it will cross the Rs 514 then it can test the level of Rs 536 and after that, if it breaks the Rs 536 level then it will move towards the sky.
# Stay Safe, Stay Healthy and Keep Investing #
JAYANT AGRO ORGANICS LTD (Buy)NSE:JAYAGROGN
The analysis is simple 25 ema crossing 50 ema ( faster ema is crossing slower ema from below ) which is a long signal is mixed with some more technical analysis as you can see in the chart.
The stock has given a good breakout and retraced just like the textbook picture.
Invest only if breaks the resistance and shows good price action (HL and HH), always trade with good RRR (risk to reward ratio)
Note: I'm not SEBI registered person, it's just for educational purposes. Do your analysis before investing.
IOC: Chart set up, Result, Dividend and important levelsIOC
Last time when the stock was at 117, we had given a Buy for IOC with target of 126 / 132
The stock retraced exactly from 126 odd levels and is now taking support at 50 day EMA sub 120 odd levels
The stock is showing signs of strength and may be poised for it's 2nd target of 132 and could possibly even test the highs of 141 in medium term
Above 142, Doors would open up further for target of 166 / 172 in Longer term
200 day EMA support is at 114 odd levels
Note: Result is on Jan 31, 2022 and there is a possibility of Dividend announcement.
Take care & safe trading...!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Reliance Industries Ltd. Buy or SaleCMP: 2477.85
Magic level
In reliance completed inverted Cup and Handle Target. Now wait for magic level.
Magic level above stock 2687 or index over all bullish
Magic level below stock 2687 or index over all bearish.
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Alok Industries Ltd.: Right time to BuyAlok Industries Ltd is engaged in the business of yarn, weaving, knitting, processing, home textiles, apparel fabrics, garments and readymade garments.
CMP: 32.85
Target: 38 and 44
Breakout consolidation phase now on big goal after retrace. { 32.25 } Use buy on dip and five time investment strategy to get maximum returns.
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IOC : Indian Oil Corporation Ltd. BuyIndian Oil Corp. Ltd is India's flagship national oil company and downstream petroleum major.
CMP: 123.30
Target: 132-135+
Now on near support 121.30 it may retraced as per cup and handle strategy. and go for up to 132 to 135 . also given day breakout on neckline.
Right time to buy.
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Wipro Ltd. Sector: Computers - Software: BuyWipro Ltd is a leading India based provider of IT Services, including Business Process Outsourcing (BPO) services, globally. Further, Wipro has other businesses such as IT Products, Consumer Care and Lighting and Infrastructure engineering.
CMP: 639.80
Target : 713-760
Wipro Ltd is now on critical support as well previous accumulation Zone. Now market retrace from critical support and fill vacuum phase. if critical support break it go for support 1 i.e. 587.
Used dip to buy and five time investment strategy for long term.
Reasons to Buy:
1) Price reaching for the previous accumulation level.
2) Fundamental reason for demand as the company will distribute dividends, Promotor holding 73% . as well Revenue 61934cr which is good to previous.
3) Best buy before 18th Jan 2022.
4) Vacuum phase or Gaps to fill above.
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