here is the next swing trade. all leading and lagging indicators are showing signal of swing trade. price is ready to move from the consolidation points.
Seems like its going up !!! Just sharing my studies... Note: Not a recommendation to buy/sell
it has fallen with higher volume today. 2000 looks like a key level to watch out for. 1800 is preferential issue level. so expecting some demand at this level. 100DEMA at 1910 20WEMA at 1940 watchout for reversal candle here
Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in blue are previous resistance and support so book profits at these zones. If the market opens flat then we can see...
Swing trade for the month of August 2024, Buy between 210 to 220 for a target of 250 and plus. This could hit upper circuit in one day Should avoid trade if it is consolidates. Buy only on breakouts, otherwise this illiquid stock can ruin your month. Trade wisely with risk and reward. Always do your own study and analysis.
The third greatest wealth creator stock post-COVID. The stock has given 5400%+ returns since its COVID low of around 20 and has recently undergone a split. The stock is rising in a beautiful channel on the daily chart. A clear double bottom has formed, and the neckline has been retested. The blue bar is the support, and the red bar is the resistance. This is a...
After testing everyone's patience and withstanding all the heavy selling by institutions that hold large stakes, we get a monthly closing above the 8-month resistance. Big institutions have bought in the last month. Expecting a solid re-rating from here. The results were solid as well. NGL this past month was annoying, but now we go to the moon.
TATA Power has already achieved the adjusted target as per flag pattern, if we apply flag pattern as per book rules then 567 is the target which is yet to come. TATA POWER is travelling in the channel drawn, as per that if it crosses current LTH of 464 then it can reach to 480-490 and then again make a down move towards the bottom line of the channel which can be...
ASHOKLEY (ASHOK LEYLAND) has completed distorted C&H pattern as well as retest the LTH made during 2018. With the depth of 134 points (167-33) the target is 167+134 = ~301. Intermediate targets 203 (completed), 222, 250 - keep trailing stop loss as it reaches next target. * It is not a trade advise but technical analysis shared based on my understanding of...
AUROPHARMA : is making ascending triangle pattern with lower highs and higher lows which means it can give breakout in any direction with. On lower side 1160 is the immediate support and on upper side LTH (1145) is the resistance. For long term view please refer below link :-
First target is around 104k usd (P&F) and 2nd one is around 125k usd (rounding bottom). ** This is not a trade advise but just the possible target predictions based on chart analysis.
Seems LT is in fresh cycle of Elliott wave impulsive wave on smaller timeframe. I have not seen on bigger timeframe which actually run the flow but looking at smaller cycle seems LT must march towards LTH in the waves I have drawn. Currently at the time of posting it is just starting the new Elliot wave cycle. * It is not a trade advise but technical analysis...
AUROPHARMA is already in Elliot wave cycle 3 which is supposed to be the strongest and within this it seems has completed wave 1 and 2, if this gets confirmed and see up move from here then wave 3 of wave 3 is supposed to be longest and strongest. Above 1292 the stock is going to give big targets close to 1700 and even higher post that. For short term the stock...
Buy Asian paints at 2845 with a stop loss of 2818, that must be last down move and from here it is bound to move beyond 3200 at least.. at 2845 wave 1, 2 are supposed to finish for new impulsive wave series and then wave 3 must be 360+ points at least from 2844 ** Please take any trade at your own risk, this is my analysis and sharing in case if goes right and...
PFC seems to be in (iii) wave of 3rd wave and making new LTH every other day so with wave rules if we consider 1.618 retracement from wave 1 so it can go up to 660 followed by minor correction wave 4, the final wave 5 target can be up to 725 applying rounding bottom formation completed at 560 level. Though it is difficult to catch the top until it is...
Looks like NAM India is in 4th wave of Elliot waves which can extend till the support line i.e. are of 645-650, if the stock takes support there then seeing price action last wave 5 can cross 700, a run of ~50 points possible to capture with a stop loss around 637, RR ratio of ~1:4 19th of July is the result date for the stock so if there are expectations of good...
The IIFL Finance has formed Left Shoulder, head and Right Shoulder high. A short opportunity is after formation of wave 2 in gray and if the script gets bearish near 500 then 22-30 points short run is possible in the form of wave 3 (in gray). If neckline is broken then on retest in the form of wave 4 (in gray) then a short call can be taken near neckline for...
TCS has completed long term correction phase as well as completed C&H with depth of around 1100 points with neckline around 4041 so that gives a target around close to 200% fib retracement that is 5163. NIFTY IT index is also near to close the C&H pattern and if that happens that will pull most of the healthy IT stocks i the rally and TCS is the leader. I would...