BALRAMCHIN | Yet another Cup & Handle is in makingBALRAMCHIN | Yet another Cup & Handle is in making with good risk reward
CMP : 400 (Dip : 350)
Candlestick Analysis
Long_Heritage FoodsCurrently Heritage Foods given Breakout @ Previous levels with Bullish candle confirmation
Go long in Next candle open and Don't Exit the Trade for next 5 yrs.
Fundamentals:- CBN, New CM of Andhra Pradesh and there family is having huge stake in this company.
Happy Trading!!! Only for educational purpose.
ATH_Bharthi AirtelCurrently Bharthi Airtel Showing good upside possibility with technical confirmation.
Go long in Cash market and Wait for opportunity to trade in F&O with daily timeframe confirmation.
Stoploss Previous candle Low or Market structure in weekly Timeframe once price moves to favour.
Happy Trading!!!Only for educational Purpose.
Wipro @ SupportCurrently Wipro is showing Good possibility upside of 25 - 30% upside.
Bullish candle confirmation at Support along with Natural barrier 200 EMA.
Go long in Equity in next candle 🕯️ Open and wait for Entry in daily Timeframe to get opportunity in F&O.
Happy Trading!! Only for Educational Purpose.
Uptrend Metal Stock_Tata Steel
Currently Tatasteel trading around 178, Stock closed for the week with Technical Confirmation.
Bullish 📌 Bar at uptrend with respecting 20 EMA in weekly Timeframe.
Go long in Equity with Current Stoploss of 147 and Wait for Pullback in daily timeframe to trade in F&O.
S&R_Ramco Cements
Currently Ramco Cements trading @ Support, Having Upside possibility with 24% till Rs.1041.
Go long in Cash Market and wait for pullback to Give entry in daily timeframe for F&O.
Exit the trade when price closes below previous candle Low or Stoploss level.
Happy Trading!! Only for educational purpose.
ATH_M&MCurrently M_M Auto Share closed @ATH with Technical Entry.
Bullish 📌 Bar @ ATH.
Ride the trend until it breaks previous market structure or Previous weekly candle Low.
Long_Cash Market/Futures of Aug-2024/3000 CE of June 2024.
Only for education purpose!!
Happy Trading.
KRBL | Looks good for doubling with excellent risk rewardKRBL | Looks good for doubling with excellent risk reward
FII & Promoter both increased small portion recently.
Stock is trading at 10 P.E
CMP : 276
Will the CINDRELLA run continue..?As we can see NIFTY managed to recover despite NDA’s weak winning which shows WIN itself is a major determinant of how economy and market would perform hence as long as NDA government is in power, market is expected to remain stable with bullish outlook.
Now NIFTY can be also seen closing inside the structure and hence can be expected a full short covering in few trading sessions so plan your trades accordingly.
CNXPHARMA (NIFTY PHARMA) | Super ready for another 30% rallyCNXPHARMA (NIFTY PHARMA) | Super ready for another 30% rally
HERITGFOOD | One more place to average the positionHERITGFOOD | 25% so far, can add some more here and looks good for new position also
CMP : 295 (Dip : 280)
SL : 240
Target : 420
A possible TRAP coming up like previous one..?As we can see NIFTY rallied and opened very strong as analysed in our previous post. Also it got rejected from our exact TRENDLINE resistance. Since this rally is more like influenced by the ongoing election results and not from fundamental improvement hence it is expected to last short. We can expect another upmove which could be a possible trap which NIFTY created previously above the structure. Hence we must trade cautiously in coming days.
BAJFINANCE | Consolidating in same range for about 4 years nowBAJFINANCE | Consolidating in same range for about 4 years now
Looks good for easy 50-60% rally
Trading at lower valuation and technically also in excellent area of value
CMP : 6915
Indigo Cmp 3256 Bearish Engulfing @ TopIndigo Cmp 3256 dated 24-5-2024
1. Bearish Engulfing @ Top
2. Price Fall with Volumes
3. RSI Break down
Sell Below 4240 target 4185-4150-4125-4070 SL 4350
It is just a view, please trade at your own risk.
BANKNIFTY at MAKE or BREAK level As we can see BANKNIFTY has finally reached our demand zone which has been discussed previous day! If BANKNIFTY manages to take support here then we may see a strong REVERSAL else any closing below this zone may lead to the fall till 47500 so plan your trades accordingly
Nifty monthly expiry analysis for 30/05/24.Today nifty after a gap down opening has remained in a 100 points range closing 83 points lower.
The daily candle is looking bearish and chance of testing 22580 levels are high, if it starts trading below today's low of 685.
Nifty is trading between the moving averages and 20 ema is around the support zone.
A bullish leg is there in the market and it is the retracement or profit booking before the election results.
On fib levels it can test 38.2% levels. If the levels are breached soon, 580 levels will be tested .
Major support levels :- 22680, 22620
Resistance :- 22800, 22880
Tomorrow is monthly expiry and upcoming week there is election results. Bullish reversal can be a possibility in case of a gap up opening.
Flat to slightly gap down opening there will negative sentiment on intraday.
Wait for the price action near the levels before entering the markets.
TexRail, Strong stock from strong sector-Posted Good results, EPS YoY 132% n 43% QoQ growth (thats type of growth in earnings you want to see in stocks you want trade)
TA:
- Mother Candle: 4 days Insidebar Candle
-Green Vol > Red Vol
-Consolidating near previous high BO level = constructive sign
-Good flushing of sellers
-Good Shakeouts, when price go below major ema, here both 21/50 emas, n rally back upside.
-Making HLs
Overall high priority stock for trade, buying above 202
Note: No buy/sell recommendation
BANKNIFTY aiming for 50000++As we can see after strong rally BANKNIFTY finally got rejected from our supply zone which has been marked as a median making BANKNIFTY indecisive now but as soon as BANKNIFTY breaks above we may see 50k mark in no time leading to new ATH so plan your trades accordingly.
BAJAJFINSERV LIMITED FOR LONGMy view on this script is bullish.
It has potential to Reversal from this zone.
Target 1=1619(1:1)
Target 2=1632(1:2)
Stoploss=1593
Strong above 23000As we can see NIFTY has formed more like an inverted hammer candle in daily time frame which shows signs of weakness but we must stick to the main trend and look for buying opportunities hence as long as NIFTY maintains itself above 23000, the trend continues so plan your trades accordingly.
Granules Technical Outlook - 23 MayToday we have a indecisive candle (doji). A Doji above the upper edge of a triangular pattern indicates the weakness in the uptrend. The price could test the support level of 415. If tomorrow we get a red candle then a shooting star pattern will be formed. So, I am waiting for a trend to start.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Vedanta Levels, Inverted Hammer formed on Weekly ChartAn Inverted Hammer candle formed on the top of the trend. I use the Fibonacci tool for levels.
Zone : Expansion
Trend : Negative
Probability > 65% (On Scale)
CMP : 460.80
R1 : 507.10
S1 : 436.60
S3 : 393.00
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
RAJESHEXPO - Weekly AnalysisIn the Weekly Chart of RAJESHEXPO ,
we can see that, it has formed a Second inside candle.
Also it is a Decision making candle.
Take a small trade by Entering on breaking Candle's High with Low as SL.
