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.
Buy!
ELIN - 1.5 Years Downtrend / Consolidation BreakoutElin Electronics Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (February, 2023). Now It has given a Consolidation breakout & Closed with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may reach it's previous Life Time High (245 - 17.50% from the price 208.32).
4) Recommendation - Strong Buy.
THANGAMAYL - 10 Months Consolidation Breakout / All Time HighThangamayil Jewellery Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (July, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (2050 - 24.50% from the price 1646.10) .
4) Recommendation - Strong Buy.
PRECWIRE - 9 Months Consolidation Breakout / All Time HighPrecision Wires India Ltd
1) Time Frame - Weekly.
2) The Stock has been Consolidating since (September, 2023). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in weekly Time Frame.
3) The stock may find it's next resistance around the price (200 - 26.45% from the price 158.16).
4) Recommendation - Strong Buy.
Rk forging (going to be RocKing Forge) RK forge going to be RocKing forge
Looks good in Parabolic uptrend pattern.
Time Frame Monthly.
On closing above 813+ in monthly chart makes it more bullish and can rally to
Tgt 1 : 1298±
Tgt 2 : 1500±
Shared it for EDUCATIONAL purpose based on chart pattern and My STUDY.
Do your analysis from your side too.
This is not a BUY or SELL RECOMMENDATION from my side.
PRAJIND - 6 Months Downtrend Breakout Praj Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Downtrend since (December, 2023). Now It has given a Downtrend breakout & Closed with good volume & good bullish momentum candle in Daily Time Frame as well as Weekly Time Frame .
3) The next resistance would be it's Previous Life Time High (650.50 - 10.15% from the price 590.40) .
5) Recommendation - Strong Buy
Shalby NSEDate: 7th May 2024
Time: 3:30 PM
Shalby was on my watch from past week, and I was waiting for entry level for good price to buy.
First of all, there is a W pattern which formed in Sept 2023 but again came down, so I was waiting for entry after Retest in Shalby.
I have done wave counts on Shalby from beginning and find that, Correction 5 Wave Structure has done and after that it is showing Bullish Momentum.
Currently we are in probably Vth leg of 3rd large Wave + It Retest too while completing IVth Wave as we can see in Chart clearly.
Shalby Already entered in Buy Zone of 262 to 250 Rs . So, we can Expected Further Bullish Momentum and Approx Target is 400 Rs with SL 227 Rs.
MAZDOCK - 10 Months Consolidation BreakoutMazagon Dock Shipbuilders Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (July, 2023). Now It has given a Consolidation breakout & Closed at it's All Time High with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be around the price (3375 - 22.40% from the price 2756.65).
5) Recommendation - Good Buy (Since the result is coming up, Plan accordingly)
LIFE INSURANCE (LICI ) for 5 to 10 % potentialLICI is ready for bullish rally now, We do see a range breakout in LICI and now we are expecting 10 % move in share of LICI and LICI is biggest Domestic investor in india and as per the news LICI get 40% increase in their investment from Adani group, So it will clearly impact on their profitability.
LICI : CMP : 972
TARGET 1020
STOP LOSS : 940
FINPIPE - 8 Months Consolidation / All Time High BreakoutFinolex Industries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2023). Now It has given a Consolidation breakout & Closed above it's Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 300) in short term.
5) Recommendation - Strong Buy
JUSTDIAL - 3 Years Consolidation / 10 Years Downtrend BreakoutJUST DIAL LTD
1) Time Frame - Monthly.
2) The Stock has been in a Consolidation since (June, 2021) & in a downtrend since (August, 2014). Now It has given a Consolidation and Downtrend breakout & Closed above it's (June, 2021) High with good bullish momentum candle & with good volume in Monthly Time Frame.
3) The next resistance would be it's Life Time High (1894.40) in the long term.
5) Recommendation - Strong Buy
MOTILALOFS - 3 Months Consolidation / All Time High BreakoutMotilal Oswal Financial Services Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) Previous Life Time High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 2390) in short term
5) Recommendation - Strong Buy
ITC long term [ 6 Months]The stock market is abuzz with the recent bullish run of ITC shares, sparking interest and speculation among investors. This analysis delves into the factors driving this surge and explores potential implications for traders and stakeholders.
EMA 200 - Crossing
Mutual Funds holding - Dec 2023 -9.66% June 2023- 9.17%
Target 1- 455
Target 2- 480
Target 2 - 525
INOXGREEN Analysis Buy mode ON Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL") and part of the Inox GFL group of companies.
INOXGREEN has broken out to the upside. I am expecting it to go higher.
All important levels are marked on the chart.
Reasons:
RSI > 60, crossing 60 to the upside, entering the bullish zone. (Bullish)
Price > EMAs show the market has good bullish strength. (Bullish)
VWAP ~ Price shows good volume balanced price, ready to move to the upside. (Bullish)
Stock has a broken symmetrical triangle to the upside, which is a neutral pattern. Now, as it has broken to the upside, there is a high probability of moving it to the upside.
Verdict : Bullish
Plan of action :
Buy: 146.50
Stoploss: 134
Target: 187.50
IFBIND / IFB INDUSTRIES LTD - 3 Years Downtrend Channel BreakoutIFBIND
1) Time Frame - Weekly.
2) The Stock has been consolidating in a downtrend channel since 2021 & Now It has given a 3 years Downtrend breakout with huge volume & strong bullish candle close in weekly.
3) The next target / resistance would be its previous life time high (1546.95 - 24.5% from the current price 1241.95).
4) Recommendation - Strong Buy
NIFTY MARCH MONTH EXPIRY ANALYSISThe market (NIFTY50) is Trading at 22150.
Do not blindly go with the buy or call side. First Market will re-test with the S4 area (21950) and then it will move towards our Target which is 22300.
It's a clear Reverse Head and Shoulder Pattern but don't go blindly in any direction. Let's wait for a retest and then enter the rally.
Another 2 Conditions:
1. If it breaks 22215 then 22300 will be scalping in Intraday.
2. If 21800 Break then more selling expected
DATAPATTNS - 5 months consolidation / Downtrend Breakout Data Patterns (India) Ltd
1) Time Frame - Daily.
2) The Stock has been in a downtrend / consolidation since (September, 2023). Now It has given a breakout & Closed at it's 5 months High with good bullish momentum in Daily Time Frame.
3) Option 1 - With the strong 5 months consolidation breakout in Daily, Buy at this current level.
Option 2 - Wait for the strong weekly candle's close above the price 2175.40.
4) Next target will be it's All Time High (2485).
5) Recommendation - Strong Buy
ACI - 1 Year consolidation / Triangle Breakout Archean Chemical Industries Ltd
1) Time Frame - Weekly.
2) The Stock has been in a downtrend / consolidation since (February, 2023). Now It has given a downtrend / consolidation breakout & Closed at it's All Time High with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 860 (9%) from the price 789.95.
4) Recommendation - Strong Buy