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Demandandsupplyzones

NIFTY PHARMA Sector Analysis - 10th July, 2024NIFTY PHARMA Sector Analysis (1W TF) - 10th July, 2024 - After the breakout of the box consolidation in beginning of June, 2024 - The entire set of stocks in this sector has been showing continuous strength - Looks like there is a little more steam for the sector till it hits a pause at the resistance - Even with todays volatility the stocks showed some good pullbacks towards the end of the day Stocks in Focus: - Will be keeping a close eye on SYNGENE & GLAND (on a weekly time frame) - Going to wait it out for another day for the charts to form to give a sense of clarity Sector Stocks that have shown continuous strength from beginning of 2024: - Auropharma, Biocon, Divislab, Glenmark etc Sector Stocks that have show reversals since June, 2024: - AbbotIndia, Alkem , Cipla, DrReddy, Gland etc * Disclaimer
NSE:CNXPHARMALong
by TradeRyteStockz
NIFTY50 - Weekly Index Analysis - 9th July #nifty50 NIFTY50 Update (as on 9th July, 2024) - Here's an updated analysis on a Weekly Time Frame - As mentioned, if the Nifty rises above these levels; then keep booking your profits in time. Holding your capital is better than holding onto an unnecessary extended loss - Since Nifty is at a psychological level we need to start being extremely cautious and mindful about our portfolio holdings - As always, please keep your SL in play for new positions and for exisiting positions keep your TSL tight - If there is a correction that happens and you'll are sitting on capital, then choose your swing trades wisely at supports zones and position size mindfully - And always remember that corrections are good and should be welcomed for bigger growth and stronger upward moves - India's Growth story will still be on track * Disclaimer Become Emotionless & Trade Ryte #nifty50 #weeklyanalysis
NSE:NIFTYLong
by TradeRyteStockz
AARTI DRUGS - Price Observation & OverviewPrice Observation & Overview: 1. Currently reacting from the supply zone and trendline. 2. Volumes are dry! 3. Earnings are weak. 4. Buying strength is lacking at the moment. Plan: 1. Wait and observer. 2. Will try to update a follow-up review post in the next week if found anything interesting and significant... - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:AARTIDRUGS
by SuperNova396
IRFC - Swing Trade Analysis - 6th July #stocksIRFC (1W TF) - Swing Trade Analysis given on 6th July, 2024 Pattern: CUP & HANDLE SETUP - Weekly Resistance Trendline Breakout - Done ✓ - Strong Pullback candle with Volumes - Done ✓ - Weekly Support Zone Retest & Consolidation - Done ✓ - Demand Zone retest for a Small SL and a better RR - In Progress Please Note: - This is a re-entry setup analysis that we are getting into for a quick swing trade - We had already achieved 30% in this trade from our previous analysis of IRFC in March 2024 & were stopped out with our TSL - Just riding the trend of the Railways sector again - Stop Loss is mandatory for the trade * Disclaimer
NSE:IRFCLong
by TradeRyteStockz
BANDHAN BANK - POTENTIAL 3X CANDIDATE - MID TERM - BULLISHHi Folks, Bandhan bank made a top in Aug 2018 and since then it is in downward trend. News regarding poor top management, high NPA, low NII and other fundamental issues has been circling around till recent past. Now, there are few positives in their performance forecasts in con calls and rating updates. Stock might try to give a breakout from bearish territory, but solely depend on smart money coming to play. For now, the deliveries are not indicating decent accumulation but chart patterns are indicating a possible reversal. Technical Analysis 1. There is a solid demand zone established from 2020 till date. Price has bounced whenever there is price action near this zone. Zone is marked on the chart. 2. There is a similar price action from this zone this time. 3. First, there is an immediate supply zone it has to break and absorb selling there. 4. Second, there is a falling trendline which should be broken convincingly to change the structure to HH-HL. 5. Bullish hidden divergence can be observed on weekly charts. 6.Potential targets can be 3X atleast. Not a trading reco, please do your own due diligence.
NSE:BANDHANBNKLong
by KunalSaxena10
EQUITAS SMALL FIN BANK - Picture perfect 'W' setup w/ 40% upsideOverview & Observation: 1. Double-bottom formations. 2. Moving with W Demand. 3. EMAs support taken confirming the up trend momentum. 4. RRR is favourable Trade Plan: 1. Entry = Marked blue line 2. SL = 6-7% Marked red line 3. TP = 40% Marked green line - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:EQUITASBNKLong
by SuperNova396
KNR CONSTRUCTIONS - MID TERM Analysis - 2nd June #stocksKNR CONSTRUCTIONS (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024 Pattern: SYMMETRICAL TRIANGLE BREAKOUT - Monthly Resistance Breakout - Done ✓ - Monthly Volume Buildup - Done ✓ - Demand Zone Retest & Consolidation - In Progress Please Note: - Entry has to be at the Demand Zone at around 300 (which is also our previous target level which we achieved) - Next support is at 285 - Ensure to position size correctly * Disclaimer
NSE:KNRCONLong
by TradeRyteStockz