GANDHAR - Weekly AnalysisIn the Weekly Chart of GANDHAR ,
we can see that, it has a good consolidation and now it is ready for a strong move.
Enter on breaking Candle's with Low as SL.
Expected momentum is shown in chart.
Candlestick Analysis
SEQUENT - Weekly AnalysisIn the Weekly Chart of SEQUENT ,
we can see that; it is at decision making point.
Enter on breaking Candle's with Low as SL.
Possible momentums are shown in chart.
BEPL - Weekly AnalysisIn the Weekly Chart of BEPL ,
we can see that, after trendline breakout, it has retested and shown a up move with creating a Halt candle.
Enter on breaking Candle's with Low as SL.
Possible momentums are shown in chart.
GOLDIAM - Weekly AnalysisIn the Weekly Chart of GOLDIAM ,
we can see that, it is leading towards Inverted Head & Shoulder breakout.
Expected momentum is shown in chart.
GAEL - Weekly AnalysisIn the Weekly Chart of GAEL ,
we can see that, it is at decision making point.
Enter on breaking Candle's with Low as SL.
Possible momentums are shown in chart.
KOTAKBANK - Weekly AnalysisIn the Weekly Chart of KOTAKBANK ,
we can see that, it is at decision making point.
Possible momentums are shown in chart.
NDTV - Weekly AnalysisIn the Weekly Chart of NDTV ,
we can see that; it is at decision making point.
Possible momentums are shown in chart.
The Trend day is Coming.Nifty 50 Tradeplan 31st July 2024
First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trend is not clear, Market profile is tight.
Pattern Indicates a Trend day.
Trade plan: 15 Min breakout
for detail levels see the video
Jai Hind.
LONG POSITIONAL WEEKLY TF ANALYSIS
As we can observe the chart on weekly and daily TF it is making a good CUP AND HANDLE pattern. And we can see stock has retested the level of 600, if price sustain then below 610 is a good area to plan a LONG. As I have marked the levels 818 can be the TGT, and we can see kind of resistance at 775 , 575 should be support zone. I am sharing my POV with you guys, you can study the chart by your own. Keep observing, any news related to sector can play a huge role.
PS: THIS IS JUST FYI AND NOT A BUY/SELL RECOMMENDATION.
Happy Trading.
Bandhan Bank Cmp 192.50 Bullish Engulfing Candle @ supportBandhan Bank Cmp 192.50 dated 26-7-2024
1. Bullish Engulfing Candle @ support
2. Price Rise with Volumes
3. Good Quarter Result
Buy above 193.50 target 196-199-202-205-208-212 SL 184
It is just a view, please trade at your own risk,
BANKNIFTY ready for new ATH now..?As we can see BANKNIFTY has absorbed all the potential shocks and recovered almost 600++ points from forming hammer pattern. Now following the global cues we can expect BANKNIFTY to open strong but we will have to watch if it sustains. If it couldn’t sustain then we may see another sideways to negative gap filling market tomorrow so plan your trades accordingly.
ALLCARGO - Weekly AnalysisIn the Weekly Chart of ALLCARGO ,
we can see that; it is at decision making point.
Possible momentum are shown in chart.
Enter on breaking Candle's High with low as SL.
Positional or Longterm Opportunity in SyngeneGo Long @ 697.1.1 for Targets of 758.05, 819, and 879.95 with SL 636.15
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.618 Fibonacci level.
3. Also the stock had given Trendline (marked with green color) breakout & retested and took support from it.
4. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Morning star candlestickentry above the given price
gives good risk/reward opportunity
stoploss must be strict
ATH_TATAMOTORS
Currently Tata motors is trading at Rs.1118.30
Pros:-Stock Gave Breakout After March 2024 Highs.
* Build-up with Breakout in uptrend Which is Supporting 20 EMA.
* Bullish candle close in weekly Timeframe.
* Index is in Uptrend.
Happy Trading!!Only for Educational purpose.
YUKEN - Multiyear Breakout CandidateDetails on the chart
Disclaimer - Chart posted only for learning purpose. Please do your own analysis before initiating any trade.
Shilchar Tech Potential BOHave observed a notable upward movement in Shilchar Tech, consistent with previous breakout patterns. The stock has demonstrated strong momentum and resilience, aligning with historical breakout behavior. Investors and traders should keep a close watch on this stock, as a breakout above 6800 could signal significant upward potential.
PROTEAN - Bullish Flag, Morning Star, Fibonacci Retracement 38.2In the chart of "PROTEAN," a Bullish Flag pattern has emerged, suggesting a potential continuation of its upward trend. The pattern is characterized by a sharp upward move (pole) followed by a consolidation period (flag), forming a rectangular shape on the chart.
The entry point for this pattern is identified above 1466, indicating a breakout from the consolidation phase. A stop-loss is set below 1410 to manage risk in case of a reversal.
The target for this trade is set at 2000, aligning with the typical measure rule applied to Bullish Flag patterns, which measures the length of the initial pole added to the breakout point.
Further reinforcing the bullish outlook, additional technical signals have been observed:
A cluster of patterns, including a morning star candle formation on the hourly timeframe, signaling potential reversal or continuation of the uptrend.
The prior pole trend exhibited a 45-degree angle, indicating strong momentum and trend direction.
Fibonacci retracement level of 38.2% also supports the bullish bias, suggesting a healthy pullback within the context of an uptrend.
Combining these bullish indicators—chart pattern, candlestick formation, trend angle, and Fibonacci retracement—provides a comprehensive technical analysis supporting a favorable risk-reward setup for trading "PROTEAN."
And the FALL continues..!As we can see BANKNIFTY had fallen for two days straight since the break of our given structure. Now there can’t be seen any eminent strong demand zone wherein BANKNIFTY can take support hence we can again expect BANKNIFTY to remain sideways to negative for coming trading sesssions so plan your trades accordingly.
ASALCBR - 1.5 Months Downtrend / Consolidation Breakout - ATHAssociated Alcohols & Breweries Ltd
1) Time Frame - Daily.
2) The Stock has been in a downtrend / consolidation since (June, 2024) after breaking it's previous life time time of (653.65) . Now It has given a downtrend / consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (920 - 20% from the price 762.25).
4) Recommendation - Strong Buy.
Has the breakdown confirmed..?As we can see BUDGET didn’t impacted the market as expected and broke below and managed to close below the structure. Hence we may expect bearish to sideways market unless it gets back in the structure so plan your trades accordingly.
USL_ATHCurrently USL trading @20 EMA Support.
Pros:- ATH closing.
* Bullish 📌 Bar at 20 EMA in uptrend.
* Defensive stocks giving Bullish momentum in post Budget.
Happy Trading!! only for educational Purpose.
Budget Day stocks_TitanHello Traders,
Good News for Gold Outlets in India, Currently Titan is trading @ Rs.3466/- on Budget day.
Pros:- NDA government has Reduced Import Tax Duty on Gold for Gold buyers.
* Move which has been implemented by government will make huge interest of buying in
gold for retail buyers.
* Seasonal Interest of buying in gold has started in India.
* Titan Stock @ Multi year Support.
* Bullish Candle close @ Support.
* Stoploss below Recent market structure.
* 3.5 % to 5 % is 1st target to option buyers.
* Also buy Kalyan Jewellers India Pvt Ltd.
Happy trading!!Only for educational purpose.
