NSE: ABCAPITAL 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 reversed at key support area which is indicating demand. One can look for a 16% to 24% gain on deployed capital in this swing...
Firstly has reduced debt. Stock is given Good Breakout on Daily and Monthly Time Frame with Huge Volume. Above 29.50 Looks Good for Long. Support Zone is 25.70-26 and Stop Loss Below from Support zone on Daily Closing Basis.
Hero Moto Cmp 4587 dated 1-2-2024 1. Shooting Star Candle @ top Sell Below 4570 target 4540-4485-4400 SL 4650 It is just a view, please trade at your own risk.
As we can see BANKNIFTY has formed more like an inverted head and shoulders pattern in smaller time frame and BANKNIFTY has just REVERSED from it’s important DEMAND ZONE and hence it could be considered as further continuation of the uptrend hence any closing above the trendline could be a good buy but we must also be aware of the possible trap by creating...
NSE: SWARAJENG 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 reversed at key support area which is indicating demand. One can look for a 10% to 15% gain on deployed capital in this swing...
As we can see NIFTY showed strong recovery despite us expecting weakness in NIFTY. Now that NIFTY has closed around its crucial level which has been tested multiple times now already making it weaker hence now any flat to weak opening with strong buying in first half could show another unidirectional upmove. The move tomorrow could also be influenced by INTERIM...
Voltas on the daily close has given a break out of the resistance zone around 1050-60. It made a base around the 20 DEMA and given a nice move with good volumes. Bullish entry can be made in the stock for positional trade for a ultimate level fo 1230. Intraday entry with 1140 as target can be initiated and a stict SL should be kept as tomorrow is...
Tomorrow is nifty weekly expiry and financial budget. There will be much volatility in the market as both the events are on the same day. Nifty has given a nice move in the first half and consolidated in the second half. If the market opens flat or slightly lower, after the break out bullish trade can be initiated and heavy quantities should be enter only once...
Banknifty has given a nice up move in the first half and consolidated on the expiry for the rest day. It is facing rejection from a trend line and a resistance zone of 46150. If there is a break out after a flat or gap down opening, it can test the round number figure quickly. In case of a gap up opening, let market retest the break out levels or form a price...
Entry - 441 - 445 Target - 480 Stop Loss - 425 *** This is only for Educational Purposes
NSE: M_MFIN 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 11% to 18% gain on...
As we can see despite the strong uptrend, NIFTY got rejected as it couldn’t sustain itself above our given level and fell unidirectionally as analysed in our previous analysis. We may see NIFTY to remain sideways to negative despite strong opening unless it breaches upward zone. We may also see NIFTY reaching the lower trendline if couldn’t hold itself so plan...
SOTL | 5 years range breakout in monthly time frame - Looks good for doubling CMP : 405 (Dip : 350) SL : 300 There is a Cup & handle pattern aswell.
Banknifty has closed below the weekly 20 ema and looks bearish as the golden ratio is also breached. The previous trading session has formed a bullish hammer but still is trading below the previous day high. Bullish swing/intrady should be created above 46200 levels. It has taken support from 20DEMA. Major support levels :- 44480, 44290 No trading zone is...
HDFC AMC has been in continuous downtrend from late 2019. As we can see on the chart, the stock has recently bounced from a support level with good volumes. The most interesting observation is a positive divergence in RSI during the bounce which might be an indication that stock has bottomed. On Friday, good buying with high volumes has been observed with a...
NSE: DATAPATTNS 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 and trendline support for the past few days which is indicating demand. One can look for a 17%...
As we can see NIFTY showed unidirectional upmove which as expected as we had analysed in our previous BANKNIFTY analysis. Now NIFTY can be see standing at make or break level closing at very important level which has been tested multiple times making it weaker hence any closing above the given level could show another unidirectional move but can act as a strong...
JMFINANCIL | Simple channel breakout - Looks potential for 50-60% CMP : 111 (Dip : 100) SL : 85 Target : 170 1:5+ risk reward setup