MRPLStock took support again from the demand zone, The last 2 candles are wide with increase in volume. With a SL below 40 on closing basis hold the stock with target 49/51/57.
Demand Zone
BTCBTC is trading around the crucial demand zone. It has taken support at these levels before and let's hope it holds again. Levels are marked on the chart.
HDFC good buy at 2470 near aboutHDFC near it's weekly demand zone and according to demand zone good to buy at 2470 or near by price.
Only for study purpose ... Here is a zone where price takes rejection multiple times, the White line is 0.618 ratio of #Fib Retracement which is also important.
Take entry on breaking of a zone with strong green candle and .618 ratio with the SL of 690 as shown in the graph.
Targets are as shown in the graph if the price breaks all-time high then trail SL and hold the trade for higher targets.
All Targets are planned by Fib levels.
Also, Earning is there on month-end let see what will happen.
Tech Mahindra swing tradeOn a Daily time frame, Tech Mahindra is forming Higher High and Higher Low. Based on Demand and Supply power pattern, A buying zone has been formed known as FTR. Buying price as per zone - 1650.5 , Stop loss would be below the zone, i.e. - 1576 and the target would be new higher high. Safe trader can keep a target 1820 which is near its recent high as it can act as a resistance. Thus making a Risk reward of more than 1:6.
Buy EXIDEIND as it has regained the Daily time frame Demand ZoneThe stock price of EXIDEIND breached the Demand Zone in panic selling and now the price has regained the Daily time frame Demand Zone. Buying at cmp with stop loss of 151.60 for targets 169,183.
NTPC daily demand zone near price range 126NTPC good to buy near marked demand zone for target recent previous high.
NMDC reacted from strong demand zone - good to buyNMDC reacted from strong demand zone and good to buy near resistance trendline support points or above 145.
Targets would be T1- 168/ T2- 177 / T3 -197
Phillips carbon forecastFundamental analysis :
In fundamental wise the current share price is trading 2.44 rupees below its PE valuation. According to Graham number valuation share is trading below 11.5% of its current share price 239.85. In last five years debt on company has reduced. Debt to equity ratio is 0.33 which is consider as good value and the current ratio is 1.39 which is also a good sign. Net income and revenue has grown well in last five years.
Technical analysis :
1. You can see inverted head and shoulder pattern has breakout and retested at 237.20
2. If market moves up from retest zone target will be 269.60
3. Stock price has possibility to move down to 232.05 and change its direction upside.
4. In case share price moves below its two retest zone.
Support 1 - 219.95
Support 2 - 207.45
CAUTION : I am not a SEBI registered financial advisor. This is only for educational purpose. Investment in stock market is highly risky. This is only for information purpose. It is very important to do your own analysis before you invest or trade in stock market.
USDINR looks attractive buyUSDINR formed a bullish hammer after entering the Daily Demand Zone. USDINR has been falling continuously for almost 10days.Looks attractive buy at around 74.48- 74.50 with stoploss of 74 for target of 75.00, 75.50, 76.00
CADILAHC in Daily, Weekly and Monthly Demand ZoneCADILAHC has been consolidating little above Daily time frame Demand Zone after entering the daily Demand Zone. It has also touched the Weekly and Monthly time frame Demand Zone. Looks a good buy candidate price will gain strength by closing above 475 on daily candle closing basis.
BankNifty might reach 20 EMA by increasing the priceAccording to a famous theory, the price usually comes to the 20 EMA, or the Moving Average comes to the price.
For this week in BankNifty, it looks like it is reacting from a Daily Demand Zone to reach a 75 Minutes Supply Zone, where effectively lies the 20 EMA. So, the price might move up to 35800, but it is not that strong a conviction since the Demand Zone is tested once, and so, I am putting this idea for Neutral.
If you are wondering why there are no gaps on my chart, they are due to a script I recently published. Check it out!
Have a nice day!!!
Short Signal for NiftyAs we can see, 8 EMA is below 20 EMA, and the price has taken repeated resistance from the 20 EMA. So, a lot of chances are there that Nifty might go down if tomorrow's market closes below today's open.
If you are wondering why there are no gaps on my chart, they are due to a script I recently published. Check it out!
You may take the entry if the market closes below today's open tomorrow, stop-loss to be anywhere near the high of today's candle and target to be above the Weekly Demand Zone, Marked on the char
Have a nice day!!!
MANAPPURAM in Demand Zone MANAPPURAM FINANCE in Daily time frame Demand Zone. Looks like a good buy around cmp in the range of 160 -165 with stoploss of 153. Targets of 174, 179,189
HDFCAMC IN WEEKLY TIME FRAME DEMAND ZONEPrice in weekly Demand Zone. Entering after hammer candle high break on daily timeframe chart. Good buy at around 2545-55 with stop loss of 2395
Tgt 2695-2745, 2895
MARKSANS PHARMA Long MARKSANS PHARMA great stock to buy now at discounted price
FUNDAMENTAL
2x of book value👍
dividend yield half percent👍
look at ROCE almost 40% and ROE 32% fantastic for a company 💪💪💪
recently the company has reduced its debt its has only little debt
💪💪
important factor to watch out is the pe ration which is very less in indutry average almost all the companies have more PE 🔥🔥🔥🔥💪💪💪
companys sales volume is constantly rising👍👍👍
everything excellent🚀🔥
only thing is FIIi reduced thier stake in recent quarter i dont know why they may buy again possible ⚠️ 😂
bearish undertoneCNX 100 has made head and shoulder and is again making the same with probable target of major breakout level of 16200
Alkyl Amine Chemicals [Weekly]At support /demand zone. Looks good for fresh orders. I would still suggest to wait it off this week.
======
Remember, if the overall market dips, most stocks will also go skinny dipping.
Happy Trading!
#BUY #CASTROLINDCASTROLND
my view is bullish and we can buy till the base
support of 120RS in case of correction it looks
very good to buy as it has strong fundamentals also.
WITH MINIMAL SL OF 115-118 C.B
IT HAS BEEN CONSOLIDATING SINCE JUNE
