ASIAN PAINT - BULLISH HARMONIC PRZ 2800 -2730 ZONEAsian paint is one interesting stock with following
1. Price forming Bullish Harmonic BAT pattern on weekly chart
2. Pattern PRZ zone near 2810 - 2730 levels Subject to reversal confirmation at least on 4 hour/ daily chart
3. RSI on daily chart already below 20 (oversold zone)
4. 200 EMA support on weekly chart at 2780 levels
5. 50 EMA support on monthly chart at 2725 levels
6. Major Trendline support on weekly chart near 2870 levels {which may or may not sustain, so buy in minimum quantity if you find any reversal sign here}
7. Though RSI on weekly and daily is below 40 stock is bearish, and we need to wait for it to reach at point D and/or a reversal confirmation candle which confirms the PRZ zone, It is one of the option to keep on radar for positional and swing trade prospective
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.
Contains IO script
NDGL - Weekly Chart Analysis, CMP-2515.95On a monthly timeframe it is sustaining above 1969-2365 (previous resistance zone) which is now acting as a support. A new HH was formed on the same timeframe and the price is consolidating thereafter.
On a weekly timeframe we see the range getting squeezed and no of consolidation weeks is coming down too. It is well sustaining above the 2365 levels for 9weeks now and 20% range.
2340-2365 shall act as support and weekly close below with a follow through will invalidate our view.
2964 - 3485 - 3689 - 4133 - 5784 - 6000 are the levels that can be tested over the long term.
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.
MANAKCOAT - Weekly Chart Analysis, CMP-34.95On the monthly chart the price was not able to sustain above 25 levels which we see now seems sustaining.
Probably coming our of small base of 8 weeks and 20.5% range it is well sailing above all its key moving averages with decent volumes. Quarterly sales are improving.
18-25 levels will now act as strong support and a weekly close below it with a follow through will invalidate our view.
42.5 - 62.55 will be the primary targets as these are the resistance above. After successful breakout of these levels 74 - 90 - 111 are the levels it can test over the long term.
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.
INTENTECH - Weekly Chart Analysis, CMP-125.35After breaking out of the downtrend it retested the resistance zone which acted as a support.
It seems coming out of the 1st base of 9weeks and 25% range and in confluence this is the 1st week which close above the highest monthly close that happened in 2017. The stock did not closed above this on monthly timeframe.
Volumes are good. It is sailing above all its key moving averages too.
96-110 shall act as good support now and a weekly close with a follow through will invalidate our views.
143 - 182 - 193 - 231 - 341 are the levels it can test over the long term if it manages to show strength and market conditions went well in the future.
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.
BOMDYEING - Weekly Chart Analysis, CMP-181.95The stock coming out of a downtrend, it rallied without any consolidation since then. It went in a base formation of 18Weeks and range of 28% it has broke on decent volumes.
Stock sailing above its key moving averages.
155-164 zone shall now act as good support and a weekly close with follow through will invalidate our view.
197 - 205 - 213 - 270 - 321 are the levels that shall be tested over the long term.
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.
AVONMORE - Weekly Chart Analysis, CMP - 124.25Stock showing good strength. Quarterly results are good too.
Not much data to the left side. A probable VCP pattern breakout on good volumes.
It's sailing above all its key moving averages too.
Stock sustaining above 103 for two weeks now. Now, 103 shall act as support.
137- 182 are the levels that can be tested over the long term.
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.
Amazing breakout on Weekly / Daily Timeframe - BBTCCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - EIDPARRY Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Unveiling the Potential in MAXHEALTH's Current TrendWelcome, traders! Today, we're diving into a fascinating analysis of MAXHEALTH, a stock that's showing some intriguing movements on the charts.
Understanding the Current Situation
MAXHEALTH has been a topic of interest lately, especially as it comes down from its all-time high.
Our focus will be on its behaviour around the 125 minute demand zone.
We'll analyse its movement on different time frames to get a comprehensive view.
Technical Analysis of MAXHEALTH
On the the daily chart, MAXHEALTH displays a clear uptrend. Notably, the price is reacting from the 20-day Exponential Moving Average (EMA 20) and an uptrend line. This confluence of indicators suggests a strong bullish momentum.
Furthermore, in the weekly chart, there are no significant supply zones overhead, indicating a relatively clear path for potential upward movements.
The Power of Demand Zones
In our 125 minute chart, we observe a robust demand zone. After this zone was established, MAXHEALTH broke its previous all-time high. The price has now returned to this demand zone and is showing positive reactions.
Trading Strategy and Risk Management
Considering the current scenario, planning a buy trade seems promising. Your stop loss (SL) should be placed just below the demand zone. As there are no immediate supply zones on the HTF, one could consider riding the rally, periodically trailing the stop loss.
For those targeting specific gains, the first target could be the all-time high of MAXHEALTH.
Please note that this analysis is for educational purposes only, and I am not a SEBI registered analyst.
US OIL - UPDATE LIVE MARKET ANALYSIS
You can vouch that the US Oil is stuck up in linear regression channel which is downward sloping right now. Its 01.14 a.m. After around 21 minutes from here i.e at 1-25-24 1:36 AM it will turn bullish and break this channel upwards. Next candles are 1-25-24 6:02 AM
1-25-24 10:28 AM
1-25-24 2:54 PM
1-25-24 7:20 PM
1-25-24 11:47 PM
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Aarti ind stocks is standing at .61 fib levelsAarti ind has recently rallied very well from the bottom and now it has been retraced up to .618 levels of the fib and now if it supports from here we can expect a continuation in the rally
Disclaimer:
The content provided in this chart is for Educational purposes only and should not be considered as financial advice. I am not a registered financial advisor, and the information presented here is based on my personal opinions and research.
Investing in the stock market involves risks, and past performance is not indicative of future results. The financial markets are subject to various factors that can impact stock prices, and it is important to conduct your own research and consult with a qualified financial professional before making any investment decisions.
I do not guarantee the accuracy or completeness of the information provided in this video, and I disclaim any liability for any loss or damage that may arise from relying on the information presented. It is crucial to consider your own financial situation, risk tolerance, and investment goals before making any investment decisions.
I may have positions in the stocks mentioned in this video, and my interests may conflict with yours. It is important to be aware of potential conflicts of interest and to make investment decisions based on your own independent judgment.
Always seek the advice of a qualified financial professional before making any investment decisions. The content in this video is not intended to be a substitute for professional financial advice, and I encourage viewers to do their own research and/or consult with a qualified financial advisor.
You are responsible for all the risks and financial resources you use and for the chosen trading system.
You should not engage in trading unless you fully understand the nature of transaction you are entering into and the extent of your exposure to loss
All trading strategies are used at your own risk.
MAXIND - Weekly Chart Analysis, CMP-212.65Stock coming out of 21 week base of 34%range on a good volumes and is now sustaining above it for 2 weeks. Down week volumes are low showing strength.
170 shall act as a support as there is weekly gap away formed 170-172.65. A weekly close and a follow up thereafter shall make our view invalid.
248 - 280 - 321 - 440 are the levels that can be tested over the long term.
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.
MANAKSTEEL - Weekly Chart Analysis, CMP-81.95A probable classic VCP structure. Successful closure over the resistance/supply zone 49-54 on good volumes.
49-54 shall act as main support zone, but 64 will also act as a minor support from hereon.
Weekly close and follow through below it shall invalidate our view.
On the upper side, 87 - 103 - 123 - 135 levels can be tested over the long term in future.
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.
LIBERTSHOE - Weekly Chart Analysis, CMP-369.90After consolidating for a year now it has broken the supply zone 284-334 on good volumes.
Earlier it tried twice but did not sustained. Went into good base formation thereafter.
280-284 shall now act as good support. Weekly close below this will weaken it again.
Over the upside, 442 - 469 - 579 - 898 are the levels that can be tested over the long term.
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.
JAYBARMARU - Weekly Chart Analysis, CMP-135.20After coming out of the probable low cheat zone 95-103, it went straight to the resistance / supply zone 126-149.
It consolidated there in the zone for almost 28 weeks in 27% range and finally showing strength breaking this base and sustaining there for the 2nd week and that too on good volumes.
95-103 will be the support but now 126 shall also act as good support. So you know the drill that our view stands invalid if it closes and sustains below this on a weekly basis.
139 - 149 - 163 - 194 - 284 are the levels it can test over the long term if it stayed strong in the due course.
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.
ITI - Weekly Chart Analysis, CMP-353.40After breaking out of the supply zone 152-164, it consolidated for 3 weeks and with such urgency it rallied further.
After which it formed a base of 11 weeks and 27% range and this week it broke out of that base again on good volumes.
245 would act as good support but 300 shall now act as minor support level. so with that risk
we can watch for 444 - 597 levels that it can be test over the long term.
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.
INSPIRISYS - Weekly Chart Analysis, CMP-105.50On a monthly timeframe this chart is looking strong. On a weekly timeframe we are early to entry, as ideally our entry triggers if it closes and sustains above the resistance zone 98-120. which is almost 20% up from the current price. But only reason to share this counter early is the confirmations it has given on the shorter timeframe. It has sustained well above 80 for a few weeks now and also it has broken the down trend line and for 2 weeks and seems sustaining. The past 2 weeks volumes were good and this weeks retracement was done on very low volumes.
So idhar ek minor RISK lena to banta hai ;) warna hum trader kiss kaam ke :)
98 shall now act as a support and 80 would be considered as the lakshman rekha. A weekly close below 98 and follow through would mean our view went wrong.
On the upside 120 - 143 - 172 - 255 are the levels which can be tested over the long term.
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.
IMPAL - Weekly Chart Analysis, CMP-1170.20After breaking out of the resistance 761-816 it rallied and formed a new base of 6 weeks and 17% range. It had came out of the base on good volumes and shall resumes its upward journey.
It is well trading above all its key moving averages too.
966-989 shall act as good support and our risk zone too. A close below it and a follow through will make our view invalid.
1280 - 1470 - 2024 are the levels it can test over the long term.
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.
HPAL - Weekly Chart Analysis, CMP-117.75After breaking it out of the resistance/supply zone 91-101, it didn't sustained and started consolidating around the zone. So the previous resistance now acted as a support zone.
After consolidating for 21weeks in 22% range it had finally came out with good volumes support.
It is well trading above all its key moving averages too.
Still we shall consider 91-101 as the main support. (106-109) are the minor ones though. So you can keep the risks in check. Below this our view is invalid.
132 - 145 - 162 - 209 are the levels it can test probably over the long term.
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.
Amazing breakout on Weekly / Daily Timeframe - LICICheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - IDBICheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - INDIANBCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
Amazing breakout on Weekly / Daily Timeframe - RITESCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)