Candlestick Analysis
FLAIR - Weekly AnalysisIn the Weekly Chart of FLAIR ,
we can see that, it has create inside candle which is a Pinbar.
Momentum decision can be taken from here.
Possible momentums are shown in chart.
SWANAGRO - Weekly AnalysisIn the Weekly Chart of SWANAGRO ,
we can see that, it has created a pin bar candle.
Enter on breaking its high with Low as SL.
Expected momentum is shown in chart.
BRNL - Weekly AnalysisIn the Weekly Chart of BRNL ,
we can see that, it is holding it self near support.
Possible momentums are shown in chart.
APOLLO - Weekly AnalysisIn the Weekly Chart of APOLLO ,
we can see that, it has create inside candle which is a Pinbar.
Momentum decision can be taken from here.
Possible momentums are shown in chart.
IPL - Weekly AnalysisIn the Weekly Chart of IPL ,
we can see that, it is decision making point.
It has created a inside candle.
Possible momentums are shown in chart.
GNFC - Weekly AnalysisIn the Weekly Chart of GNFC ,
we can see that, it is at decision making point.
possible momentums are shown in chart.
EXACT REVERSAL from our demand zone! Depsite the weakness, we held on to our view of buying the dip approach till the price doesnt doesnt sustains below the trendline and it REVERSED exactly from our given trendline support with unidirectional rally. Hence we would stay with our original view of buying the dip till the trendline is not breached and expected more of uptrend as it can be seen forming more like a W pattern in smaller time frame so plan your trades accordingly.
VERANDA - Breakout and RetestPrice breakout triangle and came back inside the triangle and it formed hammer like candle now (Weekly Timeframe). We should consider entering a trade only if a strong green candle forms in the next session. On the daily timeframe, it appears to be forming a morning star-like structure.
Banknifty Weak pattern on weekly chart.Bank nifty form Evening Star on Weekly chart. Bearish pattern, It can short on higher level 51500-52000. It may correct up to 49600 to 48600 soon.
2 Amazing swing trading ideas for 17 October Markets I daily make educational content videos for swing / positional trading
MTNL's Comeback Story: Innovation and GrowthRevitalizing MTNL: A Bright Future Ahead
Target: ₹200
Time frame: 3 years
Mahanagar Telephone Nigam Limited (MTNL), a Public Sector Undertaking (PSU), has faced significant challenges in recent years, leading to a decline in its business fortunes. However, despite being knocked out of the competitive telecom market, the company is poised for a resurgence.
Embracing New Frontiers
As the telecom landscape evolves, MTNL is gearing up to tap into emerging opportunities. The future holds immense promise, and the company is strategically repositioning itself to capitalize on newer forms of communication and technology.
5G: The Game-Changer
A key catalyst for MTNL's revival is the ongoing testing of 5G technology. With its potential to enable faster data speeds, lower latency, and greater connectivity, 5G is expected to revolutionize the telecom sector. MTNL's foray into 5G will enable it to offer cutting-edge services, bolstering its competitive edge.
Ambitious Targets
Three-Year Roadmap
Over the next three years, MTNL will concentrate on:
Enhancing its 5G capabilities to deliver high-speed, reliable connectivity
Developing innovative services and solutions to cater to emerging customer needs
Strengthening its network infrastructure to support growing demand
Fostering strategic partnerships to drive growth and expansion
With a clear vision and robust strategy in place, MTNL is poised to reclaim its position as a leading player in the Indian telecom sector. The future indeed looks bright for this PSU, as it embarks on a transformative journey to reclaim its glory.
CENTRUM CAPITAL - Have this stock in your RadarPrice respects red color resitance line from 2018 and the price is near the resistance now. Candlestick formed monring star in daily timeframe and it is near short term support line. Also, if it breaks the resistance we can expect more returns.
BANKNIFTY confirmed its uptrend….?As we can see BANKNIFTY managed to close above 51100 level in weekly time frame which shows strength hence as long as BANKNIFTY manages to sustain itself above 51100 every dip can be bought so plan your trades accordingly.
Tirupati Sarjan Ltd#stocks #investing #swing #trading #technical #RSI #candlesticks
Key Points:
1. Support at ₹15-16: The stock has shown strong support at this level, as evidenced by multiple bounces. This suggests that buyers are stepping in at this zone, making it a crucial level to watch.
2. RSI Crossover with 14 EMA: The crossover of RSI above the 14-day EMA is a bullish signal, indicating increasing momentum. If the RSI continues to rise, it could suggest further upside potential.
3. Weekly Hammer Pattern: The hammer candlestick pattern on the weekly chart is often a bullish pattern, especially forming at support levels. It signifies that buyers are rejecting lower prices, which could lead to further price appreciation.
4. Resistance at ₹20-21: The resistance zone around ₹20-21 is an important hurdle. If the stock breaks through this resistance with volume, it could signal a breakout and lead to higher levels.
5. Stop-Loss: If the stock breaks below ₹15, it could invalidate the bullish outlook, and further downside may follow. Hence, view will be neglected if price breaks below ₹15.
Strategy:
• Bullish Bias: As long as the stock holds above ₹15, the technical indicators suggest a bullish view, with potential upside towards the ₹20-21 resistance zone.
• Breakout Watch: A close above ₹21 could trigger further bullish momentum, opening the door for higher targets.
• Risk Management: Set a stop-loss below ₹15 to protect against potential downside in case the support breaks.
NOTE: This is a risky trade/analysis considering it’s a penny stock. Penny stocks can be highly volatile, illiquid, and subject to significant price fluctuations. Do your own due diligence and assess your risk tolerance before investing.
BTC Trade Update : "BTC Rocket Ride: 669 Points Gained, Target i"BTC's price action has come close to hitting the first target. So far, the trade has delivered 669 points, showing strong momentum towards our anticipated levels. With price testing key support zones and facing resistance near 63,462, there's still potential for further movement. Keep an eye on the next levels for a possible continuation or pullback, as the 61,602 zone below could offer critical support if the momentum shifts."
ATH_DivislabCurrently divislab is trading At ATH.
Go long Dec_2024 futures and exit until it breaks 💔 market structure and ride the Trend 📈.
Refer technical discription in chart.
Happy Trading!! Only for educational purpose📃.
Long_Bandhan bankGo long with next candle open in weekly Timeframe.
Current 🛑 stoploss at 180 and revise once it moves to favour of price action.
Go long in futures Dec_2024.
Happy Trading!! only for educational purpose.
Gujarat Fluorochem Ltd.on a Roll! Hits New All Time HighFundamentals may be a concern, but the technical picture tells a different story. Check out this chart.
IRFCInvestment opportunity in IRFC with a stop loss in GTT Order below the tail of the candle on weekly chart.
Morning Star at several Fib clusters in HINDPETRO Wave C of Flat correction has fulfilled the rule of equality (Wave A and Wave C are equal).
There is also a Fib level of fib retracement of the previous impulse at this level.
We can also see the Morning Star pattern forming at this cluster.
This suggests a high probability of a buy trade in HINDPETRO .
Stop-loss for this trade can be put below 61.8%, i.e., around 360 level.
This analysis is for educational purposes only.
