beautiful chart HAVELLS is now eyeing a breakout
its near all time high
strong base formation on downside
healthy consolidation
Demand Zone
Nifty Level For 21 AugNifty Time 11:45
Nifty Support 19340-19355 Good for Buying
Reason Small SL According to Wave theory and Fib 0.5 SL
Latent view can be a potent multibagger!Latent view was one of the highest rated stock during its IPO listing which had got 300x subscription. The overhyped IPO market of 2021 has trapped many investors in multiple stocks including Latent view.
However, we can see some positive bounce in the stock from the demand zone of 310-320 after a major consolidation near the same.
A short term trendline breakout is also visible. The stock can be added on dips at 355, 344 with a SL of below 310 WCB for minimum target of 430.
My observation of the stock is that The consolidation structure is similar to Happiest minds which has given multibagger returns after consolidation breakout. Can we see the same in this stock? only time can tell!
Idea is shared for educational purposes only and should not be considered as a recommendation.
UPL: Supply turned demandUPL(United Phosphorus Ltd.) has been declining over the past few sessions & has recently entered a supply turned demand area on weekly timeframe
Earlier in 2021, 650 was a key resistance and later on we saw a momentum filled breakout with high volumes after which the stock has been consolidating since then. For now 630 seems to be a good accumulation level as it has been tested as a support many time during this accumulation phase and below which we have higher chances of seeing further downside so it is a crucial level to watch for!
For value investors after such a long accumulation phases the breakout of the pennant can be a better opportunity as risk is high as per now.
On the fundamental side, the company has good amount of cashflows and is fairly priced at price to book ratio of 1.6 times
SETUP:
Entry near 630 keeping a strict stop loss near 595 & target up to 740 is a decent risk to reward setup.
Kindly do your own research. Thanks a lot for reading!
HUL- Demand zoneHUL has hit a proximal line of weekly demand zone so we could see a good bullish move even on a day where Nifty has lost 150 points so that suggests the levels are good.
Disclaimer: this is my view please take your decisions on your analysis.
nIFTY IMPORTANT LEVELS /ZONES FOR 10 august iNDEX witnessed a strong recovery from lows
the stunning recovery led to improved sentiment and buying across the board
now since 3rd day in a row Nifty witnessed sustain above 20 ema area we can see the upmove to pick up from here
levels to watch : 19550 on downside will emerge as buying zone
while 19700 -19750 could act as a level of profit booking
BNB BULL GAME 🚀going to mitigate high time frame POI.
and hopefully turn Bullish🚀.
Entry 237- 233
Target SL in chart.
RR 3.7
Confluence of support in this medical lab stockDr Lalpathlab has corrected significantly post its all time high of around 4200.
As seen on the chart, the stock is standing on a crucial support trendline and also has recently bounced from its strong demand zone in weekly time frame.
RSI positive divergence can also been seen in the chart.
This stock can touch levels of around 2330, 2600 in medium term.
Kindly trade as per your own analysis since idea is shared only for educational purposes.
NIFTY50 - Don't PanicThe blue lines indicate the strong trendlines where the price could take support.
As all can see, the chart has respected most of the Fibonacci levels very well including the strong 1, 1.618 and 2.
My expectation of the short term reversal zone was from the upper half of the 1.618 to 2 zone. Expect some correction next fortnight but it should be a good chance to look for accumulating quality stocks.
Nifty near to its Reverse pointAs a usual concept, a demand zone is shown.
So if NIFTY reverse from the 50% retraced line, expected targets are shown.
If not reversed, it may go till 61.8% and possible to reverse.
If it moves below the 61.8% line, possible to continue the down trend.
(Note that present RSI is 40.08, which is not actually gives a reverse sign.)
Disclaimer: As usual, it is not a recommendation.
Nifty 50 - 05 July 2023I have been explaining the levels and logics behind my trades in my videos.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis.
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
taj gvk a strong breakout candidateTAJ GVK SET for a multiyear monthly breakout
target comes upto 340-350
stop comes below 315
Bank Nifty - 03 July 2023In last YT video I had clearly explained regarding Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty 50 - 03 July 2023In last YT video I had clearly explained regarding Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Bank Nifty - 28 June 2023In last YT video I had clearly explained regarding today's Huge Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty 50 - 28 June 2023In last YT video I had clearly explained regarding today's Huge Bullish move. Please do checkout.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Bank Nifty - 27 June 2023Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis.
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty 50 - 27 June 2023
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis.
I expect the market to be Bullish tomorrow.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
BankNifty - 19 June 2023
Detailed Analysis has been posted in my YouTube channel.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish monday.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
Nifty - 19 June 2023Detailed Analysis has been posted in my YouTube channel.
Do follow and subscribe if you like the analysis .
I expect the market to be Bullish monday.
Trade or invest according to your analysis. This is just my view.
<----- 3MRT Trading ----->
PETRONET LNG : TRIPLE BOTTOM PATTERN WITH HAMMER AT SUPPORTPetronet LNG :
Buying Signals in the stock with hammer followed by Triple bottom pattern as shown in the chart. Prediction is supported by MACD Crossover and Histogram turnover along with RSI Rising from support at 39.00
Certainly a buy call above 224 with SL of Rs. 220.70 only. The Targets are 232.00 and 237.00 .
This study is only for education purpose and should not be considered as a tip to buy or sell any stock.
Good luck !!!
MACPOWER CNC showing signs of strengthMACPOWER CNC showing good signs of demand at 50 ema with strong volume. Historically this scrip has always taken a good support from 50 ema and continued its positive trend. Another sign of strength is the scrip hasn't yet covered the price gap created on Sep 2022. This shows a strong demand for this scrip. Plus points in this scrip is its positive growing balance sheet and negligible debt. I have entered in this scrip and placed stoploss at 274.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Swing Trade opportunity in AFFLESwing Trade opportunity in AFFLE.
Entry - 920
Target - 1020
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
