Candlestick Analysis
Breakout with buildup_LupinCurrently Lupin trading @ ATH.
Pros:- Stock closed ATH.
* Stock consolidated Almost 150days in weekly Timeframe.
* 💔 Breakout with build-up in weekly Timeframe.
* Bullish candle close @ Weekly Timeframe about to happen in weekly Timeframe.
* 20 EMA Support in weekly Timeframe.
*
Cons:- Index @ ATH
* If index reverses from ATH, Hedging will help you out with better results.
Happy Trading!! Only for educational Purpose.
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening.
Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities.
Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached.
In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone.
Major Resistance :- 24300-310
Support levels :- 24240, 24180
Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements.
The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction.
Wait for the price action near the levels before entering the market.
Swing Trade @ Havells.Currently Havells trading @ Area of Value with potential buying of upside.
Stock closed positive with Bullish Engulfing candle @ support, which is giving good buying opportunity in options July _2024.
See chart for more Info.Happy trading!! Only for educational purpose 📄
ICICI Prudential 850 ?After forming a good corrective ABC pattern and forming a head and shoulder pattern ICICI Prudential are ready for long at current price.
I have mention the impulsive Elliot wave counts projection
BANKNIFTY started to correct..?As we can see BANKNIFTY has finally started to correct itself after hitting its crucial trendline resistance. We may expect a healthy correction before finally continuing its bull run. As long as BANKNIFTY remains below 52500, we may expect BANKNIFTY to remain sideways to negative to plan your trades accordingly.
BEPL : Breakout Candidate (Holding 1-3 Months)#BEPL #Swingtrading #trading #patterntradinng #chartpattern
BEPL : Positional Trading (Holding 1-3 Months)
>> Breakout Stock
>> Monthly Cup & Handle Breakout
>> TWS + Flag pattern + FVG Visible on daily
>> Trending Stock in Momentum
>> Good Strength & Volumes Recently
>> Big Player Entered in stock
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BLS International trading strategy for short term gainIt is a preferred partner for Embassies and Governments across the world, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, e-governance, attestation, biometric, e-visa & retail services.
last 3 years net profit :
2022: 114 cr
2023: 220 cr
2024: 352 cr
promoters have over 70%.
can buy this stock if it can sustain above 360+ range on daily charts. nearest target of this stock could be 400-425.
Banknifty weekly analysis for 24/06/24.Banknifty on the weekly charts has given a good bullish candle and created a new life time high. It is holding the higher levels and on the monthly candle it has already given a 5% move.
Nifty is taking a halt while banknifty is trading on the higher levels.
The index has been trading around the same levels for the last 2 trading sessions. In case of a break down, it can test the lower levels around 50k.
While the market has travelled to higher levels, there must be a retracement before another bullish leg.
Support levels :- 51200, 50730, 50200
Resistance levels :- 51860, 51930-50
Bullish trades are risky as the market is trading in an uncharts zone and can reverse from any level (even the ATH is around 52k level).
Wait for the price action near the levels before entering the market.
Long _WiproCurrently Wipro trading @ Good support in monthly timeframe.
Sep_2024 Futures is bet @ monthly timeframe.
Pros:- Bullish Engulfing @ Support.
Stock consolidation for almost 2 years and breakout above monthly high will give good rally
till 600.
Cons:- Nasdaq closed negative from ATH.
Happy Trading!! Only for educational purpose.
BATA_INDIACurrently BATA INDIA Trading around 1513 with Positive Note.
Strengths:- Stock closed positively in daily timeframe with Bullish retracement candle.
:- Pullback retracement after consolidation.
Negative Note:- Stock closed higher of 5.04 % , It may consolidate somedays ad give breakout for options traders.
RISING WEDGE pattern in bigger time frame..?As we can see BANKNIFTY after much strength is heading towards its important trendline support followed in monthly chart. It can be seen in the form of rising wedge pattern. After much of rally, the participants are in greed which which is also a matter of caution hence aggressive LONGS should be avoided for now till the trendline above is not breached so plan your trades accordingly.
NIFTY attained new ATH..!!As we can see NIFTY managed to sustain itself at higher levels despite weak opening and achieved new ATH despite we were planning for short side. Now that we can see NIFTY has breached the structure and sustained itself at higher levels, Only opening could lead to further moves. If opens weak then we may again see NIFTY whirling inside the structure leading to weakness so plan your trades accordingly.
ATH_RELIANCE Today (26-06-2024) Reliance stock is closed at ATH and looking for some upside momentum.
Positive Note:- 1) Stock closed @ ATH today.
2) Stock closed With Bullish Engulfing Candle @ Monthly open which is acting as support.
3) Indian Indices Nifty 50 is also closed Higher today.
4) Still Now Large cap (Reliance) stocks have not contributed much to Nifty 50, Now If
Reliance stock gives contribution to Index and Index Will reach to ATH again.
Negative Note:- 1) Premiums are high for Coming Month July_2024.
2) Wait for pullback and Take opportunity in F & O.
Happy Trading!! Only for Educational purpose.
NIFTY ready to fall now..?As we can see despite NIFTY’s strength, it couldn’t break above the structure and closed inside the structure which can result in sluggishness. Hence as long as NIFTY is between the structure we can’t define any specific directional move and can expect a sideways to weak market in coming trading sessions so plan your trades accordingly.
Long _AU Bank @720Currently AU Bank is trading @Support near 200 EMA.
Long 700 July _2024 CE and ride the trend 📈 until it hits target of resistance
🛑 Loss near previous market structure until it reaches target.
Happy Trading!! Only for educational purpose.
Long_United spiritsCurrently USL is trading @ Support with confirmation of bullish Engulfing 🕯️ stick.
Long@ CMP with Aug_2024 futuresnd 1300 CE of July 2014.
Exit trades when it breaks previous market structure.
Happy Trading!! only for educational purpose.
Nifty weekly anlysis for 25/06/24.Nifty on the weekly time frame has formed a doji candle and closed only 35 points higher.
Market is stretching a lot and there are chance of showing some profit booking or reversal as the candle on the dialy charts suggest.
For last 5 trading sessions, nifty has remained in a 200-250 points zone.
If nifty starts trading below 23415 levels, it can test minor support levels around 23300 and travel towards 23230 levels.
Major support levels :- 23230, 22925
Resistance levels :- 23659
Nifty from the low of this month has travelled 970 points while still 5 trading session are there.
In case of a break out, the market will be in an uncharted area can travel to the next thousands.
On smaller time frame( 60 minute), nifty is trading below the 20 ema, resting on 50 ema and there can be chances of it testing the lower moving average.
Watch for the moving averages trading strategy giving a entry or a fake down.
Wait for the price action near the levels before entering the market.
ORCHPHARMA |Simple triangle setup - Looks good for 25-40%ORCHPHARMA |Simple triangle setup - Looks good for 25-40%
Valuation wise it looks expensive and almost trading in 65 P.E
But they are sales and margins are increasing
CMP : 1170
AEROFLEX - Weekly AnalysisIn the Weekly Chart of AEROFLEX ,
we can see that; it has given Trendline breakout and retested it.
Enter on breaking its High with Low as SL.
DEVYANI - Weekly AnalysisIn the Weekly Chart of DEVYANI ,
we can see that; it has given W breakout from support.
Also it has retested it.
Enter on breaking its High with Low as SL.
Expected momentum is shown in chart.
NAVNETEDUL - Weekly AnalysisIn the Weekly Chart of NAVNETEDUL ,
we can see that, after strong breakout of Cup & Handle Pattern and retesting the Trendline,
it went into consolidation.
It has now made a Inside candle near resistance.
Enter on breaking its High with Low as SL.
Expected momentum is shown in chart.
DISHTV - Weekly AnalysisIn the Weekly Chart of DISHTV ,
we can see that, after breakdown, it given a recovery with strong candle.
Also, now a inside candle is formed.
Enter on breaking its High with Low as SL.
