WiproWipro important points marked.
*nvestments in equity market are subject to market risk do own analysis before investing into equity market.
Buy
Canara Bank 113.86 - Best Swing Trade 5 to 10%Stock will trade between 106.50 to 122.
By looking at recent data stock has split and has given dividend.
looking at volumes and deliverable quantity is around 40-50% stock might trade between 106 to 122.
once stock breaks 124 we might see stock move up to RS.141
D P Wires NSEDate- 3rd April 2024
Time - 11:30 Am
D P Wires has a Good Fundamentals Figures and giving Dividends too.
While,
Technically it is showing bullish Continuous Divergence in MACD compared to Price Action and has already given strong green candle for reversal confirmation.
Also, Price is reversal from 100 EMAs support and also all over D P wires is Bullish stock.
SL Price - 446 Rs.
Target - 680+
Current - 500 Rs.
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.
South India Bank 26.90 - 30%-40% return in short term South India bank is fundamentally strong stock.
Revenue has increased over the period and also the profits.
Institutional investors are eyeing on this stock and coming days might witness sudden move
in price.
if any big institution or securities broker recommends the stock than i would wait for 15days
and buy it later.
Target of Rs 32 - 33
CASTROLIND - 5 years High / consolidation BreakoutCASTROLIND
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2018 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock may reach its previous All Time High (272) in long term.
4) Recommendation - Strong Buy
USDZARUSDZAR seem to be programed not to trade below the 18.00 price. I would really like to see a small pull back before we shhot up, its gonna be a sniper entry or nothing, you can set an pending order for buy or patiently wait for manual execution. Remember to use pro risk management. Lets Download Success.
SCI - 3 Months Downtrend Breakout Shipping Corporation of India Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (February, 2024). Now It has given a Downtrend breakout & Closed with good bullish momentum candle & with good volume in weekly Time Frame.
3) The next resistance would be It's previous Life Time High (290.75 - 10.75% from the price 262.50).
5) Recommendation - Strong Buy
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?
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.
NFL | SWING BUYAnalysis: NFL shows strong uptrend potential with good technical
Entry: Consider current price
Disclaimer: For informational purposes only. Do your research or consult a financial advisor.
MAXESTATES - 1 Month Consolidation Breakout Max Estates Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (May, 2024). Now It has given consolidation breakout & Closed at It's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock will find It's next resistance around the price (490 - 18.95% from the price 411.95).
4) Recommendation - Strong Buy .
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.
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.
SymphonySymphony has broken out multi year range and ready to rocket upside but once it may retest the trendline as a pullback.
Educational purposes only.
Bajaj Finance BAJAJ FINANCE
✅ TRENDLINE BREAKOUT
✅ RESISTANCE ₹7400
✅ VOLUME BURST
✅ SUPPORT ₹6400
Wait for Short Term Resistance BREAKOUT ₹7400 (Buying Level)
Follow us for more interesting Stock Anylisis
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
