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DRREDDY MOMENTUM UNDER RADARDr. Reddy's Laboratories Ltd. is an interesting stock to keep on radar 1. RSI on all time frames above 60 2. High Trade and Delivery Quantity during week 3. Increasing relative Strength - Bench Mark index 4. Increasing relative Strength - Sectoral index 5. 20 SMA Crossing 50 SMA from below recently 6. Stock outperforming sectoral index both 1 week and 3 months 7. Big Green Marubozu Candle with high volume on weekly chart 8. Price walking on Upper Bollinger band on daily chart 9. Price crossed above 20 Week SMA during last week Major Support 6000-6130 zone Next Resistances near 6500 - 6853 zone Keep on Radar and Lets See How it evolves Caution : Pharma Shares are subject to volatility on unexpected US FDA restrictions and observations Disclaimer: NOT A BUY / SELL RECOMMENDATION 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.
NSE:DRREDDYLong
by purisonshuf
A strong candidate for long term Infra Stock NSE: NILAINFRA Technical Analysis of NSE: NILAINFRA Nila Infrastructures Limited (NSE: NILAINFRA) has shown some interesting technical patterns and indicators. Here’s a detailed analysis based on the latest data: Price Movement and Trends Current Price : As of the latest data, the stock is trading around ₹11.97. 52-Week Range : The stock has fluctuated between ₹4.90 and ₹14.50 over the past year1. Recent Performance : The stock has seen a significant rise, with a 55.94% increase in the last year2. Technical Indicators Moving Averages : The stock is trading above its 200-day moving average, which is a bullish sign. However, it is close to its 50-day moving average, indicating potential consolidation. Relative Strength Index (RSI) : The RSI is currently neutral, suggesting neither overbought nor oversold conditions. MACD (Moving Average Convergence Divergence) : The MACD line is above the signal line, indicating a bullish trend. Volume : There has been an increase in trading volume, which often precedes significant price movements. Support and Resistance Levels Support : The immediate support level is around ₹11.40. Resistance : The immediate resistance level is around ₹12.69. A breakout above this level could signal further upward movement. Fundamental Analysis Debt Levels : Nila Infrastructures has a significant amount of debt, which could pose a risk if not managed properly3. Profitability : The company has shown poor profit growth over the past few years, with a negative growth rate1. Valuation : The stock is trading at a high P/E ratio of 41.46, indicating that it might be overvalued at current levels1. Investment Advice Given the technical and fundamental analysis, here are some considerations for long-term investment: I would be interested in a Long Position if theres a breakout with good volume: The stock has shown strong upward momentum over the past year. Technical indicators like MACD and moving averages suggest a bullish trend. High promoter holding (61.9%) indicates confidence in the company.
NSE:NILAINFRA
by pavi92
Niraj Cement Structurals Ltd.The stock of Niraj Cement Structurals Limited has exhibited a classic cup and handle chart pattern on the weekly timeframe. This technical formation is often considered a bullish continuation pattern, indicating potential upward momentum. For Niraj Cement Structurals Limited, the cup formation began several months ago, with the stock price gradually recovering from its lows. Recently, a handle has formed, indicating a brief consolidation phase. Traders are now watching for a breakout above the resistance level, which could signal a continuation of the upward trend. (Not an Investment Advice. This is only for Educational Purposes)
NSE:NIRAJLong
by pavi92
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall CUP & HANDLE Breakout in BPL BUY TODAY SELL TOMORROW for 5%
NSE:BPL
by Kapil-Mittal
3
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Symmetrical triangle Breakout in PUNJABCHEM BUY TODAY SELL TOMORROW for 5%
NSE:TVSSCS
by Kapil-Mittal
8
Thomas Cook, one simple horizontal line setupTraveling is booming in India post covid. And travel companies are enjoying this piece of pie. -Posted growth YoY EPS growth, OPM% also improving. -Near Major resistance, under which it is consolidating for 50 days (good consolidation) -Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and Rally) -Tightness near resisantance. -Signal Candle (5th n 7th June candles are white dot, which is more than 5% move with 1M vol) suggesting big players are buying. Retailer buyers cant create such volumes. If it breaks this resistance level. with good vol (basically more than 10 day avg) then can expect good move. No buy/sell recommendations.
NSE:THOMASCOOKLong
by takmanish007