Candlestick Analysis
GSFC - Bullish Consolidation with VolumesNSE: GSFC 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 26% to 35% 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
Right time to accumulate this stock for swing tradingCompany:- Infosys Ltd.
Sector:- IT (Information & Technology)
M Cap :- 6.14T
Technical Analysis:- The stock has experienced a notable decline of 15% from its recent peak. Delving into the intricate dynamics of its price movements, an examination of the hourly chart reveals a completion of correction within wave 12345. Furthermore, a meticulous observation of the daily chart showcases the emergence of an inside candle, signaling a potential breakout imminent in today's trading session.
Of particular note is the breakout of bullish divergence coupled with a period of consolidation evident on the hourly chart. This confluence of indicators suggests a compelling trajectory for the stock, with a projected upward movement towards the levels of 1575 and subsequently 1620 in the foreseeable future.
Disclamer:- Before taking any trade or investment do your own analysis or cunsult your financial advisor.
National Fertiliser Limited Long Entry NFL is currently trading at 97.15, very well placed at the current price comfortably took a support near it's 200 EMA.
First probable target it can achieve in the RR terms is 1:1 and can start trailing it to achieve 1:2.5
Once the price crosses it's all time high the stock can give good rally in future too.
RBL BANK - Bullish Swing Reversal with VolumesNSE: RBLBANK 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 18% 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
Axis bank looking bearish on higher time frame.
Axis bank has been trading around the higher level and is forming a base near 1030 zone. Both side movement can be there in the stock and confirmation is need for the entry to trigger.
But the stock on the weekly chart is showing some bearish RSI divergence and the dropping strength can be the initial signal of a bearish move.
On the daily charts, it is around the 200 ema. Either it will breach the levels or take support from the same. Watch for the levels and price action.
If the stock starts trading below the 1028 level and even close below it, next month expiry derivatives can be traded for the bearish momentum in the stock.
Major bearish target levels :- 980, 950.
Entry :- Close below 1028 levels.
Positional/ swing trade can be initiated in the stock for the next month expiry and trailing SL must be kept to limit the lose and capture the move.
Wait for the price action near the level before entering the trade.
EXIDE IND 1HREARN WITH ME DAILY 10K-20K
EXIDE IND Looking good for Downside..
When it break level 449 and sustain.. it will go Downside...
SELL @449
Target
1st 442
2ND 435
EXIDE IND APR FUT – 3 LOT (Qty-10800)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
NIFTY DAILY - 18/4/2024Nifty opens with positive note but bulls didn’t survive into the market and loss all the day gains at the end of the day.
Market falls another 152 points (around 0.69%).(nearly 774 points in last 4 trading session).
Nifty has formed red body big candle on daily chart.
Bearish engulfing pattern is formed on daily chart, which indicated more bearishness into the market.
Candle is trading below 20 days Simple Moving Average Line. Nifty is above it support level which is 21936 with resistance of 22152 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 14
Decline - 36
FII Sell – 4260.33 crores
DII Buy + 2285.52 crores.
⚠️ 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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Happy learning with trading. Cheers!🥂
Total Mkt Index - Bearish - ConsolidationLooks like total market index is in consolidation zone. Weekly Candlestick showing evening star bearish pattern. RSI(34) is below it's moving average
Nifty price Action 14.04.2024.Nifty facing trendline resistance at 22777. Next up move will come when it close above 22777, till stay short.
As per chart nifty showing weakness. It form evening star pattern on daily chart and also double top on 3-4 hrs. time frame.
On Monday nifty can short with stop loss 22810 on any level below 22610 for lower target 22430, 22310 soon.
As per channel shown on chart nifty final target would be 21921.
MAPMYINDIA - Bullish Consolidation Breakout with VolumesNSE: MAPMYINDIA is closing with a bullish consolidation breakout 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 12% 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
Interglobe Aviation Cmp 3693 Bearish Engulfing @ TopInterglobe Aviation Cmp 3693 dated 12-4-2024
1. Bearish Engulfing @ top
2. RSI reversal
Sell below 3670 target 3650-3575-3540-3515-3470 SL 3770
It is just a view, please trade at your own risk.
BHARAT FORGE - Bullish Momentum with VolumesNSE: BHARATFORG is closing with a bullish momentum 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 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
FinNifty weekly expiry analysis for 16/04/24.Finnifty weekly expiry levels
Major support levels :- 21130, 21000
Resistance :- 21330, 21500
The market is looking bearish and chance of a gap down opening is there as the closing is around the day's low.
On the hourly charts, the market is trading between both the moving averages. A support around 200 ema can be seen.
In case of a flat to slight gap down opening, a consolidation in a range and break down in the second half can give a nice trending move this expiry.
Wait for the price action near the levels before entering the market.
GUJARAT GAS LIMITED - Bullish Swing Reversal with VolumesNSE: RITCO 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 15% to 22% 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
PURVANKARA - 3 Months Consolidation BreakoutPuravankara Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (January, 2024). Now It has given a Consolidation breakout & Closed above it's (January, 2024) High with good bullish momentum candle & with huge volume in daily Time Frame.
3) The stock may find It's next resistance around the (price 353) in short term
5) Recommendation - Strong Buy
Swing trad Coalindia buy COALINDIA BUY 458
Stoploss:- 436
Target-1 🎯:- 487
Target -2 🎯:- 504
Target-3 🎯:- 527
Ye stock ka 487 Alltime high he or us ko breck kar dega to or upar ja sakta he so this is best stock buy for swing trad
GANDHAR - Weekly AnalysisIn the Weekly Chart of GANDHAR ,
we can see that, it is trying to build a Price Action in upward direction.
Possible momentums are shown in chart.
HINDUNILVR - Weekly AnalysisIn the Weekly Chart of HINDUNILVR ,
we can see that, Selling has stopped since 3 weeks.
Possible momentums are shown in chart.
ASPINWALL - Weekly AnalysisIn the Weekly Chart of ASPINWALL ,
we can see that; after the failure it is create a comeback.
Also, Halt candle is created at resistance.
Enter on breaking its High with Low as SL.
BAJAJCON - Weekly AnalysisIn the Weekly Chart of BAJAJCON ,
we can see that, it is creating a strong Price Action and has created a Inside candle.
Enter on breaking its High with Low as SL.
ZUARI - Weekly AnalysisIn the Weekly Chart of ZUARI ,
we can see that, After the breakout failure, it showed a bounce back from previous support level.
Now it has mad a Halt candle near resistance.
Enter on breaking its High with Low as SL.
