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NTPC Breakout -BUYNTPC is making all time high. Lets see why its a good buy at current level. 1. Structure - a. Resistance - Three selling rejections from 390 area since 04 june 2024. Before that 380 acted as resistance. Broke out above 400 on 29th July but showed selling. Important thing is it showed buying again next day and is now above 400 again. So it broke above 400, gave pull back and bought again above 400. Our earlier Resistance 400 is now acting as support. b. Support - 390, 361. 2. Trend - Up trend in daily as well as weekly time frame. 3. Overall market - Nifty is strong and is in Up trend. 4. Conclusion - NTPC has given breakout above 390 zone, selling from above this level failed to push it lower this time. Current level is good level to buy. Entry -current price. Target - 450, 495. If you find this information useful please do like, share and follow, thanks.
NSE:NTPCLong
by NaveenGr
KISS Trendline Strategy - LemonTree KISS Had shared simple trendline strategy here - - Lets check if LemonTree satisfies it or not - 1. Filter - a. Stock price less than 5000 - True. b. Should be liquid(good volume) - Weekly volume in millions, True. 2. Time frame - Weekly 3. Find trend of the stock - Up Trend. 4. Check if its following a trendline. Should be at least an year long- Following this trendline since march 2023. 5. Check market sentiment - Check trend of Nifty. Nifty in Up Trend. 6. BUY - on test of trendline - Buy near 140. So, Lemontree has satisfied our strategy and has given buy near 140.
NSE:LEMONTREELong
by NaveenGr
KISS - More than 120% return!! COLPALKISS - Keep It Simple Stupid COLPAL buy shared on march 4 2022, price was around 1500, since then price has given MORE THAN 120% RETURN. Check the investment idea shared earlier - Below are steps of a simple Trendline strategy- 1. Filter - a. Stock price less than 5000. b. Should be liquid(good volume). 2. Time frame - Weekly 3. Find trend of the stock - should be in Up Trend. 4. Check if its following a trendline. Should be at least an year long, longer the better. 5. Check market sentiment - Check trend of Nifty. Buy if Nifty is in UP or sideways trend. Do not buy if Nifty is in downtrend. 6. BUY - on test of trendline. Follow strategies that make money even if they seem to be very simple. We are here to make money not to do phd in complex strategies.
NSE:COLPALLong
by NaveenGr
ASALCBR - 1.5 Months Downtrend / Consolidation Breakout - ATHAssociated Alcohols & Breweries Ltd 1) Time Frame - Daily. 2) The Stock has been in a downtrend / consolidation since (June, 2024) after breaking it's previous life time time of (653.65) . Now It has given a downtrend / consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame. 3) The stock may find it's next resistance around the price (920 - 20% from the price 762.25). 4) Recommendation - Strong Buy.
NSE:ASALCBRLong
by SHRIHARII
Euro Declines Amid French Election UncertaintyThe euro experienced a slight decline of approximately -0.07% today as market participants anticipate a potential legislative deadlock following the French parliamentary elections. The euro is currently trading below the 34-day moving average (MA), indicating a short-term downtrend, and is also trading below the 89-day MA, suggesting that the long-term downtrend is being reinforced. The euro may continue to face pressure if the political situation in France shows no signs of improvement. I personally believe that uncertainty will persist at least until the election results are clearly determined. Do you have any other predictions?
Short
by Henry_pro
1
Gold Continues to Trend UpwardsGold ended Friday's trading session on a positive note following the release of key economic data from the Non-Farm Payroll report, which indicated weak data for the USD, gold prices surged immediately after breaking through the 236x resistance zone. Observing the H4 chart, we can clearly see the upward trend in gold prices. There is a notable double bottom pattern, targeting the 2,40x level. However, achieving this target will require support from sellers to push the price up to that range. The uptrend is expected to continue this week, but we should wait for a slight pullback for a retest before the price makes a strong upward move.
OANDA:XAUUSDLong
by Henry_pro
Reliance IND Infra Ltd. (Cup & Handle)Date- 14th March 2024 Time - 18:41 -As we can see RIIL has formed Cup& Handle Chart Pattern and also trying to retest today on daily basis. -One more thing I have noticed and applied here is Fixed Range Volume Profile Tool , to identify where exactly the most volume has created. Which was 1000 Rs. in this case. -If Current price is above POC (Point of Control) red line means, next big supports are near that price. So, if its breakdown from retest point it can go till 1000 Rs or if it revered from rested point then 1st Target will be 2384 Rs . according to Cup & Handle Pattern. - Also, on smaller Hourly Timeframe is showing Bullish Continues Divergence too.
NSE:RIILLong
by KRSCharts