Tata elxsi is one of stock from Tata groups to deliver multibagger returns in last 4 years. Stock has strong fundamentals and is available at a decent valuation. All long term investors shouldn't miss this opportunity to accumulate this stock. Breakout of consolidation is already done. A follow up bullish candle can be expected next week.
As we can see BANKNIFTY is just couple points away from its ATH mark as we had been analysis since last posts. Now any strong opening will bring up new ATH for BANKNIFTY. Now the question arises whether BANKNIFTY can hold its level or not! If YES which has majority changes as the election is coming and the most obvious news is yet to be factored in, then we can...
EASEMYTRIP takes a good support at the rangebound rectangle box. Also now it is above 20 EMA and monthly Pivot. The last day bullish candle with wxcellent momentum indicates an upward movement. CMP 46.40 Support 45 Target 54.40 Risk Reward 5+
NSE: NBCC is closing with a bullish momentum 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 18% to 28% gain on deployed...
Banknifty has given a hammer candle around the higher levels after a gap up opening above 48k levels. The index came for profit booking after a good gap up and closed round 48k levels. Now the market is around the last resistance zone of 48300 and then there is the ATH. After a 3 day consolidation there was a gap up and it took the opportunity of making money...
NSE: DEEPAKNTR is closing with a bullish momentum 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 8% to 12% gain on deployed...
NSE: NOCIL is closing with a bullish momentum 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 16% gain on deployed...
Mahindra & Mahindra has formed a bullish head and shoulder pattern along with rounding pattern, but the concern is that bullish pattern should formed in downside or downtrend. But here pattern formed in uptrend. Point to be noted that head is formed with morning star candlestick pattern. Entry on closing basis above 2000 SL below 1890 Target 2200 RRR...
As we can see NIFTY remained sideways to negative as analysed in our previous post as 22500 was not broken hence NIFTY can remain directioness and can accumulate for some time before finally moving big showing unidirectional move 22500 so plan your trades accordingly.
Nifty open flat and made days high 22497 level buy didn’t sustain that level. Index has formed another Doji candle on the daily chart at the top of the market which indicates thug of war between buyers and sellers as today’s closing was near the opening levels. So, further levels for nifty will be 22336 will work as support level and 22520 will work as...
NSE: CROMPTON 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 10% to 15% gain on...
NSE: LAURUSLABS is closing with a bullish momentum 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 9% to 14% gain on...
- CAMS has given 2 different entry points since October 2023. - First was a Stan Weinstein stage 2 entry. - Second entry is now, where the Cup & Handle pattern is being broken. I have built my positions since Entry1 and I already hold CAMS as 13% of my portfolio so I cannot add more to this entry, but if I had to break my rules I would definitely enter here....
AS we can see despite a strong recovery in both midcap and banknifty, NIFTY remained more like sideways to negative throughout the day despite its strong opening as analysed in our previous post that it has reached its important supply zone which is also a psychological level of 22500 hence unless NIFTY breaches and sustains itself above this level, we can expect...
NSE: IRCTC 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 10% to 15% gain on...
As we can see NIFTY rallied over 300++ points after the breakout of inverted head and shoulders pattern and got rejected exactly from our trendline now until the trendline is breached above we are bearish and expected to remain sideways to negative so plan your trades accordingly.
price broke out of a triple bottom and now the price is retesting the 200EMA sharp reversal from 200 day EMA can accumulate stocks for decent gains .
In the Weekly Chart of SFL , we can see that, it has created a Halt candle at very bottom. we have a opportunity to buy at bottom with RSI less than 30. Enter on breaking its High with Low as SL.