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
After the first hour move FinNifty has consolidated and remained in a narrow range. Tomorrow is it monthly expiry and chance are there will be a trending move as it has consolidated today. Major Bullish targets :- 20720, 20925 It has closed around 61.8% level which around the closing of the index. If there is a flat opening and a break out, fresh position...
Nifty is looking strong on the weekly charts and the recovery on the last trading session is looking positive too. It has closed around 38.2% fib level. If the market gap up there are chance of a W pattern above 21480, it can test 21550 levels. Wait for a hourly candle close above or below the levels. As good intraday targets can be achieved in the...
Currently Reliance is at All time high close with Bull Flag pattern breakout. Ride the trend until it closes previous day low or Previous Market Structure of Technical levels Stoploss is Rs.2658 for futures. Long March futures and Buy 3000 Call option of Feb series - 2024.
NSE: CCL 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 8% to 12% gain on deployed...
NSE: GNFC 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 13% to 20%...
EMMBI has broken monthly resistance and Supply zone with a good momentum. Monthly volume is comparatively bigger for past few months, which is good signal
Multiyear BO happened in #INFIBEAM. Monthly Resistance and Supply zone has been penetrated with very good volume. Comparatively bigger volume since Spetember,2023 indicates the entry of big players
SARLAPOLY took support at Monthly resistsnce and Supply Zone after the BO and a pullback🔥 A Round Bottom Formation is completed now. -CMP 64.95 -Support 60 -Resistance 70/75
Stock is near All Time High Above 642 Looks good Weekly Closing basis Stock is given Weekly Breakout with Volume Strict Stop Loss is below 600 as its seems good support zone.
( *** All time high *** ) ( Daily , Weekly and Monthly Breakout ) it given good breakout with huge volume in Daily Time Frame. One can Enter above 155 and Stop Loss is below 146 Target Open ( Hourly ) On Daily Time Frame Support is 138-139 and Stop Loss Below the Support. Support seen near 149-148 in Hourly Time Frame. SO ABOVE 155 EXPECTED 10%...15%...20%
( *** All time high *** ) ( Daily , Weekly and Monthly Breakout ) One can Enter Between 740-750 and Stop Loss is below 705-700 Target Open Support seen near 710-720 in Hourly Time Frame. SO ABOVE 750 EXPECTED 10%...15%...20%
#Gujarat Ambuja Exp is trendy at the moment and Making continuous Higher High and Higher Low, At the Moment #stock is at Higher Low, followed by #Priceaction. Buy with the Calculated SL and can Ride the trend. Safe players can book 1:1.5. Do your own Analysis before any trade. #TradewithConviction