IDFCFIRSTB - Weekly AnalysisIn the Weekly Chart of IDFCFIRSTB ,
we can see that, it is holding strongly on support after consolidation of 7 weeks.
Enter on breaking the current candle's High with Low as SL.
Candlestick Analysis
ASHOKLEY - Weekly AnalysisIn the Weekly Chart of ASHOKLEY ,
we can see that; After Cup & Handle breakout, it has formed a Decision making candle on Trendline.
It's a third inside candle.
Enter on breaking its High with low as SL.
IIFLSEC take support at demand zoneIIFLSEC is taking support at demand zone after a fall. Volume was gradually decreasing during the fall. 119 is seen as a strong support. There is a potential to deliver 36% in a short/mid term.
Rounding Bottom in CARYSILRounding Bottom pattern completed in CARYSIL. LTP is at neckline zone. If the momentum continues, we can expect a 17% reurn in short/mid term.
HUDCO in Symmetrical Triangle PatternSymmetrical Triangle Pattern is progressing in HUDCO. It has a also taken support within the symmetrical triangle. Monthly CPR is narrow.
CMP 202
Support 190
It seems like an end to the consolidation in VIDHIINGVIDHIING was in a consolidation for several months. Now it seems like an end to the consolidation with good volume. A strong bullish candle has broken the rectanle pattern.
CMP 473
Support 454
STEELXIND broke the ressitance zoneSTEELXIND broke the ressitance zone and has taken support after a pullback. It has a potential to deliver 72% in mid term. Excellent volume is also seen from last few weeks.
Cup & Handle formation in ZENSARTECHCup & Handle pattern formation completed in ZENSARTECH. The neckline has also been broken. Very High chance to continue upward trajectory.
Titan Ltd Cmp 3655 Three White SoldiersTitan Cmp 3655 dated 16-2-2024
1. Three White Soldiers after a downtrend &
consolidation.
2. RSI BO
Buy above 3665 target 3700-3725-3750-3775-3800-3850-3880 SL 3550
It is just a view, please trade at your own risk.
THE BIG PICTUREWeekly Ascending triangle
The Resistance has been tested 4 times and support line is continuously drifting up signifying buyers interest.
GTT can be placed at breakout level of 1558, with a stop loss of 1461 previous weekly candle low.
T = R + H, Where: T – target price; R – resistance (horizontal line); H – pattern's height
T= 1558+638.
Trendline BO in #CHAMBLFERTTrendline Breakout in #CHAMBLFERT with an excellent volume. The chart looks strong as the breakout happened with a momentum day candle
CMP 372
Support 355
Tgt 460|515
TATATECH penetrated the Resistance ZoneTATATECH penetrated the Resistance Zone with very good momentum day candle. The volume is also seen comparatively high. High chance to broke the monthly resistance and continue upward trajectory
Multiyear Breakout in VARDMNPOLYMultiyear Breakout occured in VARDMNPOLY with a very good momentum. Now the multi year trendline has been broken. Good volume buildup is seen. The monthly resistance has also been broken.
CMP 83.05
Support 74
Tgt1- 112
Tgt2- 130
CHAMBAL FERTILIZERS - Bullish Swing Reversal with VolumesNSE: CHAMBLFERT 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 17% to 25% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
BANKNIFTY heading towards new ATH..?As we can see despite the weakness, BANKNIFTY showed its strength and also broke out of the W pattern which was supported by the retest as analysed in our previous analysis! We can expect more of upmove till its new ATH so plan your trades accordingly
CADJPY UPDATEPotential Selling opportunity on CADJPY
Bearish price action overall with our
candlestick analysis pay attention to
price action on the lower TF where you
can find your entry points.
A clean break & retest above 111.63
can open room for further upside
PAY ATTENTION TO PRICE ACTION!!
REC LTD...Reason behind bullish viewRec Ltd..making of a bullish confirmation candle after dragonfly doji candlestick on weekly time frame in downtrend.
Banknifty intraday levels for weekly expiry (06/03/24).It has given a nice up move in a single candle and closed forming a flag and pole pattern.
The market movement is consolidation, a move and consolidation again.
Tomorrow being the weekly expiry banknifty may give a trending move.
Major resistance levels :- 47700, 47830, 48000
If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels.
In case of a flat to slight gap down opening, a bullish move can be captured as per the price action.
Support levels :- 47500, 47280
Wait for the price action near the levels before entering the markets.
TRAP DONE! Now ready for directional move..?As we can see NIFTY broke below the ascending triangle pattern in smaller time frame and showed directional move in first half but recovered strongly in the second half which shows the immense buying pressure of the bulls and every dip is being bought! Hence the breakdown could be a possible trap to which a further continuation of upmove can be witnessed above our given level so plan your trades accordingly.
NIFTY DAILY - 5/3/2024Nifty open with negative note and rangebound throughout the day.
Nifty has formed another Doji candle on daily chart, which indicate indecisiveness among bulls and bears.
Index find immediate support at 22303 level and resistance will be 22520 level.
This suggests caution and the need for careful decision-making in the current market environment.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ADSL - Bullish Swing Reversal with VolumesNSE: ADSL 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 13% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NIFTY getting squeezed! Up for big move? As we can see NIFTY is getting squeezed since last few days and had been trading in a tight range. It could be either a distribution phase aur accumulation forming a flag-pole pattern for continuation of the trend so either way a big is coming up anytime sooner so plan your trades accordingly everyone.
Rico Auto BullishRico Auto is breaking all old Highs
July 2005, Oct 2017 July 2023
Keep Watch on this
Fresh Breakout above 144
Targets 169.195 in 2 quarters
Check Fundamentals though
