In the Weekly Chart of CROMPTON,
we can see that, Bullish momentum is started.
Let it respect the Trendline and create a Halt candle and the with SL and Target.
Expected momentum is shown in chart.
NSE: COROMANDEL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 18% gain on...
In the Weekly Chart of BAJAJCON ,
we can see that, it is at decision making point.
If it shows up move we have targets of 300 and 350.
Possible momentums are shown in chart.
In the Weekly Chart of EMAMILTD ,
we can see that, it has started to be bullish with strong candle.
let it create a Halt candle the range and then enter with SL and Target
Expected momentum is shown in chart.
As we can see NIFTY got rejected exactly from the median as analysed in our last post. We still expect NIFTY to remain sideways to negative below the median unless it breaks and sustains above hence we can expect a good upmove if breaks above as it can be seen forming more like an inverted head and shoulders pattern so plan your trades accordingly guys.
Bajaj Twin are waiting for a move while other stocks of the group has given good returns in last few months.
Both the finance sector companies are trading a break out zone. Banks and other NBFC's has performed and created new highs.
Bajaj Finance
A bullish engulfing candle on the monthly charts is showing some trend reversal in the stock and has gained over...
The index for last 2 trading session is consolidating in a range between 22350-22480 and is sustaining above the moving averages.
A halt candle has been formed after a gap down opening which signifies that the market may give a trending move in coming days.
The drop in the VIX has killed the option premiums and there was option buyers are waiting for a buying...
NSE: SPIC is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 16% to 26% gain on...
Godrej Consumer Cmp 1169 dated 19-4-2024
1. Flag Pattern, taken support @ lower trend line.
2. Hammer Candle @ support
Buy above 1176 target 1200-1230-1250-1280 SL 1130
It is just a view, please trade at your own risk.
Nifty is taking support of trendline also try to form double bottom on chart, if sustaining above 2195 it may test 22150 and 22333 soon.it is also form bullish morning start pattern.
Stock has closed with good volumes and good momentum and managed to close above Fibonacci No which is 61.8 one can look to buy abv 2405 sl 2220 tgt 2550.
Disclaimer: I am not SEBI registered Analyst Kindly consult your financial Advisor before taking any trading decisions.
Today Birla Group companies closed higher following Companies by AB Capital,Abfrl,Grasim and Idea.
Lot of changes happening in Birla companies as latest FPO of VI subscribed by record numbers.
I'm going to post all companies by technical View.
Long June_2024 Futures and Buy 240 CE May Call option and Stoploss is 193 at current market structure.
Happy...
NSE: RVNL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 15% to 25% gain...
NSE: IDEA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 15% to 28% gain on...
Devyani is looking a good candidate for support bounce
Logic:-Stock is trading in channel. The price action is impressive but a confirmation is not still visible.
The stock has delivered poor results and is available at PE multiple of 138x.
Only risky traders should be interested in this.
As we can see NIFTY though opened strong but fell through eventually it recovered and has formed more like a hammer candlestick pattern showing the dominance of buyers hence till NIFTY maintains itself inside the zone, every dip is an buying opportunity. Now we can expect NIFTY to reject at given levels as this level had been an median between the channel and...
