Contains IO script
INDOSTAR Analysis & PredictionThis is the analysis of INDOSTAR in Weekly Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the long term resistance with increasing volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock. Generally Multiyear Breakout is a bullish signal for stocks.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About INDOSTAR :
Indostar Capital Finance Ltd. engages in the provision of lending used and new commercial vehicles. It operates through the following segments: Corporate Lending, Small and Medium Enterprises Lending, Commercial Vehicle Lending, and Housing Finance. The company was founded by Atul Kapur and Sameer Sushil Sain in July 21, 2009 and is headquartered in Mumbai, India.
CHAMBEL FERTILIZER BULLISH TGT 400-430-472 06-04-2024Chambal Fertilisers and Chemicals Ltd. is an interesting chart with following
Fundamentals
1. Company has reduced debt.
2. Company has a good return on equity (ROE) track record: 3 Years ROE 23.5%
3. Company has been maintaining a healthy dividend payout of 23.0%
4/ Debtor days have improved from 35.2 to 23.1 days.
5/ Company's working capital requirements have reduced from 50.6 days to 27.8 days
Technical points :
1. RSI rising and Above 60 on all time frames i.e. D/W/M
2. ABCD Pattern under formation on Weekly Chart
3. Super Trend Turned Bullish on daily chart
4. Can be a good Risk Reward with buy on dips and dips only as Major Support is near 334- 350 zone and resistance near 400-430 and 472 levels
5. Big Bullish Marubozu candle on weekly cart
6. Price walking on upper Bollinger band on daily chart and Narrowing Bollinger Bands on Daily chart
Lets see How it evolves
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Upside potential after Strategic 40% Correction Observed a notable 40% correction in our asset of interest. This correction, while significant, aligns with historical precedents that often precede robust rebounds. This analysis seeks to unravel the technical and, where applicable, fundamental factors that underpin the asset's potential to breach the 170 mark in the near future.
it's pertinent to acknowledge recent developments that may bolster its market standing. Be it forthcoming earnings reports, or regulatory shifts, such elements can significantly sway investor sentiment and, by extension, price action.
Conclusion:
Drawing from a comprehensive analysis, there exists a palpable potential for a breakout after considerable Accumulation and distribution.
Disclaimer:
Please note that I am not a SEBI-registered analyst. This document reflects my personal analysis and is not intended as a recommendation for any specific investment strategy. Investors should conduct their own research or consult a financial advisor before making investment decisions. Market investments carry risks, including the loss of principal.
Potential Breakout Above 40 Following a Strategic 25% Correction
Technical Analysis:
Support and Resistance Levels:
The asset's journey through this correction phase has highlighted critical support levels that historically signify strong buying interest.
Volume Analysis:
An uptick in trading volume at these support levels could be indicative of accumulation, signaling strengthening conviction among buyers and setting the stage for a bullish turnaround.
Chart Patterns:
Emergent bullish chart patterns reinforce the likelihood of an upward trajectory resumption.
Fundamental Analysis:
Should fundamental factors play a role in our asset's valuation, it's pertinent to acknowledge recent developments that may bolster its market standing. Be it earnings reports, or regulatory shifts, such elements can significantly sway investor sentiment and, by extension, price action.
Sentiment Analysis:
The prevailing market sentiment, as gauged through social media, news trends, and community discussions, appears to be tilting. A shift from predominantly bearish to a more bullish outlook could very well be the catalyst needed for the asset to overcome current challenges and aspire to new heights.
Conclusion:
Drawing from a comprehensive analysis, there exists a palpable potential for a breakout above the 40 threshold. This projection is underpinned by technical indicators, chart patterns, and a budding positive sentiment, collectively suggesting an impending upward movement.
Disclaimer:
Please note that I am not a SEBI-registered analyst. This document reflects my personal analysis and is not intended as a recommendation for any specific investment strategy. Investors should conduct their own research or consult a financial advisor before making investment decisions. Market investments carry risks, including the loss of principal.
ADVANIHOTR - Weekly Chart Analysis, CMP-142.65A multiyear breakout seems happening on the monthly timeframe. Still monthly close matters in that case. But on a weekly chart it is showing good strength.
On a weekly timeframe as we can see it had broke the supply/resistance zone (93-106) and retested the zone forming base of 11 weeks and 23% range. This week it has gapped up and closed above the base on good volumes.
The previous supply/resistance shall now act as strong demand/support zone. So that would be the main support. The stock is sailing above all its key moving averages too.
111 should now be the initial support and a weekly close with the follow through if seen in any case would invalid our view.
145 - 168 - 198 - 283 are the levels that might be tested over the long term based on trend Fib.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Finnifty Analysis & Prediction in DTFThis is the analysis of Finnifty in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
CNX AUTO sentimentCNX auto continues the rally and aims at the 18860-19000 mark to make the new all-time-high.
Immediate resistance at 18719.50 which was the latest high made on 29th Dec'23
We can see a small divergence at the current level, indicating the possibility of a price fall.
Hence any bullish new entries are advisable once the price validates the breakout of the last high made at 19719.50
ABCD in Adani PortAn ABCD Harmonic pattern is under formation in the Adani Port chart with a possible price reversal at 1323.90 (which also confluences at Bhoomi's first bullish target)
We can have a short-side trading opportunity with the least SL on completion. Updates once the formation is validated on completion.
FINCABLES Analysis & Prediction in WTFThis is the analysis of FINCABLES in Weekly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About FINCABLES:
Finolex Cables Ltd. engages in the manufacture and sale of electrical and telecommunication cables. It operates through the following segments: Electrical Cables, Communication Cables, Copper Rods, and Others. Its products include wires and cables, led lightings, fans, miniature circuit breakers, and water heaters. The company was founded by Kishan Parsram Chhabria and Prakash Prahlad Chhabria in 1958 and is headquartered in Pune, India.
NAUKRI –INFO EDGE Analysis & Prediction in WTFThis is the analysis of NAUKRI –INFO EDGE in Weekly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About NAUKRI –INFO EDGE :
Info Edge India Ltd. engages in the provision of Internet based services through its web portals and mobile applications. It operates through the following segments: Recruitment Solutions, Real State- 99acres, and Others. The Recruitment Solutions segment consists of Naukri and all other allied business which together provides complete hiring solutions. The Real State- 99acres segment includes property listings, builders and brokers branding and visibility through micro-sites, home page links and banners servicing real estate developers, builders and brokers. The Others segment comprises primarily Jeevansathi and Shiksha service verticals. The company was founded by Sanjeev Bikhchandani on May 1, 1995 and is headquartered in Noida, India.
TIMETECHNO Analysis & Prediction in WTFThis is the analysis of TIMETECHNO in Weekly Time Frame. Watch carefully. The chart explains itself. TIMETECHNO- Multiyear Breakout Candidate.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TIMETECHNO :
Time Technoplast Ltd. engages in the manufacture and sale of plastic products. It operates through the Polymer Products and Composite segments. The firm's products include industrial packaging, technical products, material handling and composite cylinder. Time Technoplast was founded by Anil Paraslal Jain on December 20, 1989 and is headquartered in Mumbai, India.
TATASTEEL Analysis & PredictionThis is the analysis of TATASTEEL in the weekly Time Frame. Watch carefully. The chart explains itself.
If it breaks and sustains above the upcoming resistance level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About TATASTEEL :
Tata Steel Ltd. is a holding company, which engages in the manufacture of iron and steel products. It operates through the following segments: Agriculture, Automotive Steels, Construction, Consumer Goods, Energy and Power, Engineering and Material Handling. Its products include Automotive Steels, Galvano, Tata Agrico, Astrum, Bearings, Pipes, Precision Tubes, Shaktee, Steelium, Tiscon and Wiron. The company was founded on August 26, 1907 and is headquartered in Mumbai, India.
ICICIGI - Weekly Chart Analysis, CMP-1684Stock is sustaining above the resistance zone(1567-1626) for 7 weeks now in 8% range. It has also closed first time above 1675 on weekly basis which it had tried to test twice, few weeks ago but failed. So this is a good sign showing strength. Volumes are decent for the past few weeks. Currently its making inside bars between a range (1611-1699) So we need a confirmation from it with a weekly close above these level with decent volumes.
Previous resistance (1567-1626)shall now act as a support. Ideally 1520 is the key level below which it will be weak. so a weekly close along with a follow through below this level would negate our study.
On the upper side first level that can be tested after closing and sustaining above 1699 would be 2085. This shall be get tested over the long term. Still an RR of more than 1:2.
It is well trading above all its key moving averages.
Once it test these levels we can study the price action further and further analyse our study thereafter. Until then let it test the 2085 levels.
Disclaimer: This is just a study and shared for learning purpose. I am not a SEBI registered analyst so before trading or investing in this counter based on the shared study please take the advice from a SEBI registered advisor. I am not responsible for any loss incurred to you if you intend to trade or invest in this stock.
Why The Crypto Bull Rally Will Continue!The crypto market has run up rapidly in the last couple of months. Charts suggest that the rally is yet to be completed.
The total crypto market dipped by just 20% since mid-march. Briefly slipped below the 21 SMA and has retained the 10 and 21 SMA. The volume Weighed Avg Price has been acting as support which is also a good sign.
The big red candles are concerning but selling has subsided in the last 7 odd days with some pocket pivots popping up. The RS line is indecisive but gradually moving upwards. Better be long here as the trend has been heavily bullish !
The break of the inside bars on either side will confirm the trend.
wave V(5) of 5 ?The previous analysis and scenario 2 became invalid , and I think this scenario is currently the only active scenario on this currency pair. part of 3 of a zigzag is an impulse with (5) wave. Now we are in wave V(5) of 5 , which is a terminal impulse . This wave itself is an zigzag (abc) and we have entered part of 3 of it now and we expect it to end before the range of 156. Therefore, short-term buying is a better option.
Historical Impact of Fed Interest Rates on Dow JonesThe current market cycle looks eerily similar to the 2005 - 2010 era.
Dow started going up after the last rate hike in expectation of a rate cut and eventually peaked around the time the cut started i.e. Sep 2007.
Very similar behaviour is evident in current cycle where market has been rising since the last rate hike. If the Fed cut is expected in June 2024, then there is still some upmove left, but we are close to the top.
P.S.: 1: Numbers mentioned are the rates after the said action.
2: Similar price action was developing in 2015-2020 period, however, it can't be considered as a valid reference on account of COVID crash.