Fundamentals are average. Closing above the trendline is important for up move with volume.
Maintain SL as per risk Management. Follow for more such stocks.
#GLENMARK
CMP:₹.855.50
Glenmark Pharmaceuticals Ltd operates is Pharmaceuticals - Indian - Bulk Drugs & Formln. Technically looking good.Stock near it's 52 week high now. Both the Cup & Handle and Head & Shoulders pattern identified in the chart. Waiting for a break out. Stock is tempting to break it's 4 year long resistance trend line. If it surpass this long...
Banknifty levels to react on Tuesday
44000 Above Long
Targets 44100,44200,44250
43800 Below Short
Targets 43700,43615,43550,43500
Reversal Area for long 43800.
Reversal Area for short 44100.
Check price action on reversal areas.Most of the technical indicators suggesting sell side
- Company is expected to give good quarter
- Company has delivered good profit growth of 23.4%
CAGR over last 5 years
- Debtor days have improved from 81.8 to 42.6 days.
- Annual Revenue rose 57%, in the last year to Rs 814
Crores. Its sector's average revenue growth for the last
fiscal year was 14%.
- Annual Net Profit rose 574% in the last year to Rs 66...
The ongoing candle is very important for Silver, Mark high and low of this candle and act accordingly. Going further, time of various candles have been given which will have the effect on trend of this commodity. If the timings of a candle remains outside the working of the stock exchange, please ignore that candle; just draw a vertical line for analysis...
#BITCOIN 1-day Chart Analysis
As per present CRYPTOCAP:BTC movements under FWB:27K -$28k range, it's unable to break out $28.5k due to very lower volume into market and manipulators trying to do some Pump-Dumps in Market but its very much chances to breakout into another divergence towards $24k soon in #BearishZone.
Anyway, lets see, where it will be move...
Hey fellow traders! Today, I'm excited to dive into the world of technical analysis and unveil the power of confluence zones in trading. We'll be focusing on the Nifty, a popular index among Indian traders. So, fasten your seatbelts and let's embark on this educational journey together!
Understanding Confluence Zones
Confluence zones are critical areas on a...
Should cross the Resistance of 48 with good volumes for big move !!
Plotted support and Resistance on the chart.
Educational Content - Not a recommendation
After an all time high breakout the stock went into a 5week consolidation and 14%range and broke out last week.
If we observe monthly chart i usually like stocks who consolidate near the resistance and then break out. But as you can see a rally of almost 95% in 5 months was done.(Highlighted Area) The stock broke the ATH with out consolidating much which losses...
#PCBL
CMP : ₹ .197.3
Broken 2 years resistance trend band . Also a Cup & Handle formation is visible. Technically looking good.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and ac t accordingly .
As per my previous discussion on the stock, position is still on. Timings of Two future candles having potential to dictate the future trend is mentioned in the chart itself. Mark High and Low of these candles and buy only above respective high. Please adhere to timings and price.
Levels for today : Sell Below and Levels 1624.78 1604.69 1564.88
Buy above and...
Hello Friends,
Please check accuracy of the candles recommended in my previous discussions on the coin. Now the timings of next two candles are given having potential of reversing the trend prevailing then. Link provided.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible...
Marked are the levels for today and tomorrow along with timings of the candles which are going to dictate the future course of action. Please adhere to proper timings and mark high and low of candles mentioned and buy only above high of those candles. Check my previous discussions on the coin. Link provided.
I am not a registered analyst with any of the...
MGL Chart Analysis:
- Monthly Chart reveals like Stock has been stuck within a Contracting Triangle of ABCDE Structure since listing
- Weekly Chart Seems like unfolding ABC Zigzag (green ABC) 5-3-5
- Wave B can complete around 1186 to 1250
- Major Wave B(green) seems like in a triple Zigzag and wave Z can end around 1186 to 1252 - These double/triple Zigzags...
Last Low and levels for 9th October have been marked on the chart itself. 1526 is a very crucial level for HDFC marked by sky blue horizontal line. Please mark 2:01 P.M. candle on 9th October and it is going to dictate the future. Sell below and further levels together with Buy above and further levels have been mentioned on the chart itself. Previous ideas on...
Good stock for long term holding provide buying at right price.
PE 16
ROE 16
✔️ Price gave good closing above the previous resistance.
✔️After making a double bottom or "W" Pattern.
Maintain SL as per risk management
Comment below and follow for more such stocks
Stuck up between two horizontal red lines; with white line as the support. Stay away till 9th of October 2023. On 9th mark high and low of 2:01 p.m. candle and trade accordingly.
Trade only after 12th October. Retailers are advised to stay away from the news based stock.
I am not a SEBI Registered Analyst, please consult your financial advisor before...
