Contains IO script
Nifty50 Channel Breakout Confirmation: Key Level to WatchWe are observing a potential channel breakout in the Nifty50 index from 03 MAY to 03 JUN. To consider this breakout valid, the index must sustain above 22,350, confirmed by a 1-hour candle closing above this level. Keep an eye on this threshold for confirmation of the breakout.
LICI -long for 25 % Technical reasons
1. price above shorter ,medium and long term EMAs
2. 18>50>100>200 day EMA suggesting bullish momentum
3.MACD above signal and zero line (12-26) while 50-100 is above signal line (but below zero)
4.price restesting the horizontal trendline (IPO level),18 day EMA
5.Inside bar formation in weekly charts above 18 day EMA
6.aymmetrical traingle BO
target and SL marked
TexRail, Strong stock from strong sector-Posted Good results, EPS YoY 132% n 43% QoQ growth (thats type of growth in earnings you want to see in stocks you want trade)
TA:
- Mother Candle: 4 days Insidebar Candle
-Green Vol > Red Vol
-Consolidating near previous high BO level = constructive sign
-Good flushing of sellers
-Good Shakeouts, when price go below major ema, here both 21/50 emas, n rally back upside.
-Making HLs
Overall high priority stock for trade, buying above 202
Note: No buy/sell recommendation
Cipla LTD Market Direction Prediction with the help of EWHi Folks,
I am not a SEBI registered analyst; this analyst is based on my observation. i am not given Buy/sell or Sell/Buy any signal this just for learning purposes, Investor can use this to identify swing trade or positional trade setup if they know how to use price action.
Here we can see Cipla LTD, is trading about 1500 level, this is very curtailing level market direction would consolidate lil bit and then rally in up direction.
Cipla has completed (iv) macro wave and continue with sub macro 3rd wave, which can go up to 1.618% or more of Project from sub macro i and ii. once level 1500 broken it can rally much faster then any stocks.
Long:-1501
Stop Loss:- 1396
Target:- 2000.
Please consider with your SEBI register analyst before taking any trade.
MOTHERSON AnalysisFOR LEARNING PURPOSE
Late Post
MOTHERSON - The current price of MOTHERSON is 140.15 rupees (Now its around 143.70)
I am going to buy this stock (already bought today) because of the reasons as follows-
1. Its coming out from a good consolidation base
2. The breakout candle is good with good volume
3. Its making a ATH now by going sideways for some good time. Also, its breaking 6-7 year resistance
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable
6. This stock has underperformed in last few years but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks
7. The latest result is good (not that great)
So if you are weak heart, avoid it.
I have bought it with minimum target of 35-40% and then will trail after that.
My SL is at 120.85 rupees
I will be managing my risk.
JBMAUTO TGT 2055-2180-2440 SUPPORT AT 1850-1900 ZONEJBM Auto Ltd. is an interesting stock with following
1. RSI on all time frames DWM above 60
2. Narrowing Bollinger Bands on Daily/ Weekly Chart
3. Price moving on upper Bollinger band on daily chart
4. Rising trade and delivery volume on daily and weekly charts
5. ABCD pattern on weekly chart
6. Major Support at 20 SMA Daily and Weekly at 1900-1870 levels
7. 50 DMA support at 1854 levels. so cluster of supports in 1850-1900 zone
can be a good risk reward with buy on dips and dips only with Stop loss below cluster of support zone 1850-1900 levels and next resistance at 2440 once price crosses above 2055 levels.
Lets see how it evolves.
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.
$Bitcoin ($BTC) good setup : One Simple Horizontal line-In consolidation for 3 months (Long base means Big Breakout)
-Tested 71800ish resistance level multiple times and this time after testing took support of 10 ema (2 wicks) n signalling reversal.
-Good Shakeout U&R (Undercut and Rally, when price go lower than last lower: kicking out weak players , taking out their stop losses and rally back to upside)
-Signal Candles: Big Green Candles with vol showing buyers in action.
NTPC, another PSU posted solid results and in good setup. Results:
Solid Q4FY24
Rev at 47622cr vs 44253cr
Other inc at 1194cr vs 491cr
PBT at 8375cr vs 6026cr, Q3 at 5134cr
PAT at 6490cr vs 4871cr, Q3 at 5208cr
Solid QoQ and YoY uptick
OCF at 40784cr vs 47151cr
TA:
Horizontal Line Setup, will be better if it adds a bit of consolidation right here near this level n BO.
GUJGAS LONG - TGT 600 SL 550 Gujrat Gas is an interesting chart
1. Price crossed above 20 SMA on daily and weekly chart
2. ABCD pattern under formation on weekly chart
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 21.0%
Company has been maintaining a healthy dividend payout of 24.9%
Lets See how it evolves
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.
GPIL - Weekly Chart AnalysisAfter an ATH breakout the stock went little upside and then went into a 10 weeks consolidation forming base of 18% range in 10 weeks and finally coming out of the base.
Quarterly results came out are decent. Promoter holding have came down a little and Fii holdings have increased.
Price is trading above all the key moving averages.
544-577 shall now act as a support now and a weekly close below this and if it sustained thereafter would invalid out view.
On the upside 785 - 940-945 would be the levels that can be tested in the future.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
PURVA Analysis & PredictionThis is the analysis of PURVA in Daily Time Frame. Watch carefully. The chart explains itself.
The stock managed to break the 2 YEARS HIGH with 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 PURVA :
Puravankara Ltd. engages in real estate development. Its projects include Zentech Business Park, Purva Meraki, Lakevista, Orient Grand, Park Hill, Celestial, Hibiscus, Bluebelle, Oakshire, Aerocity. It also focuses on ready-to-move (RTM) properties. The company was founded by Ravi Puravankara in 1975 and is headquartered in Bengaluru, India.
ENGINERSIN Analysis & Prediction in DTFThis is the analysis of ENGINERSIN 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.
About ENGINERSIN :
Engineers India Ltd. engages in providing engineering, technical, and consultancy services. The firm operates through the following segments: Consultancy & Engineering Projects and Turnkey Projects. The company was founded on March 15, 1965 and is headquartered in New Delhi, India.
G R INFRAPROJECTS AnalysisFOR LEARNING PURPOSE
G R INFRAPROJECTS LTD - The current price of G R INFRAPROJECTS LTD is 1538.05 rupees
I am going to buy this stock because of the reasons as follows-
1. Its coming out from a good consolidation base
2. The breakout candle is good with good volume
3. Its making a 2Y high by going sideways for some good time.
4. It is showing better relative strength as it stood strong in volatile times
5. The risk and reward is favourable and share holding has been good.
6. This stock has underperformed in last few years but now, its showing some signs that it can do good and now probably it can act as leader for next few weeks
7. The latest fundamental is not that great so it is more of a undervalued stock for me. So if you are weak heart, avoid it.
I am going to buy this on Tuesday with minimum target of 35-40% and then will trail after that.
My SL is at 1320 rupees
I will be managing my risk.






















