Double Top or Bottom
shortterm investment; min 40% return; inverted head and shoulderwait for conformation and retracement and go futher
entry after : 1880
refer our old idea attached below
midcap stocks are going to boom.
long term investment; min 40% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with small risk,
more possibility is there for breakout.
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.
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. more than that " deepak nitrite " is fundamentally good.
BEPLBEPL -
Fundamentals- ZERO DEBT COMPANY
Study -
1. Reversal from previous support levels
2. Reversal from Double top formation target near 101
3. Bonus Declared
4. Monopoly business of ABS material products
Conclusion -
Retest near 138-144 may be seen
*Targets on charts are*
T1- 171.45
T2- 210
Stop Loss - Near 120-125 Zone
This chart is only for education purpose do your own study before taking any trades
UPL Double Bottom & RSI DivergenceAccording to the daily chart, UPL has formed a double bottom pattern near a significant support zone. Notably, while the price made a double bottom near the same level, the Relative Strength Index (RSI) recorded a higher low, indicating a bullish divergence in the RSI.
Entry:
We can go long after the close of a strong bullish candle near the support zone.
Stoploss:
We can keep the stop loss below the support zone with some buffer.
Target:
We can keep the target near the next resistance zone as marked on the chart.
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NYKAA might be forming double bottom Nykaa share has been under constant beating from its listing.
Currently, the share is consolidating and it might form a double bottom pattern to bounce from 120-125 levels. RSI is already forming higher lows.
The major resistance is 145-150 levels above which the stock might show signs of reversal.
Idea shared is not a recommendation but just for educational purposes.
Bearish Engulfing Pattern on Exide.Bearish Engulfing is a popular candlestick pattern used in technical analysis to identify potential trend reversals in the stock market. When applied to Exide Industries share, which is currently facing resistance, the Bearish Engulfing pattern suggests a potential downturn in the stock's price.
The Bearish Engulfing pattern consists of two candlesticks: the first is a bullish candlestick, followed by a larger bearish candlestick. The bearish candle completely engulfs the previous bullish candle, signaling a shift in market sentiment from bullish to bearish.
In the case of Exide Industries share, the presence of the Bearish Engulfing pattern implies that the stock is currently facing resistance, indicating a level at which selling pressure outweighs buying pressure. This resistance level has prevented the stock's price from moving higher, suggesting a potential reversal in the prevailing uptrend.
The Bearish Engulfing pattern, coupled with resistance, suggests that traders and investors should exercise caution when considering bullish positions or holding onto existing long positions. It signifies a change in market dynamics, where bears may gain control, leading to a potential decline in the stock's price.
As with any technical pattern, it is important to consider other factors such as volume, overall market conditions, and fundamental analysis before making trading or investment decisions. Traders and investors should monitor the price action and volume closely to confirm the validity of the Bearish Engulfing pattern and the resistance level to determine the future direction of Exide Industries share. NSE:EXIDEIND
DMart : Preparing for Up move.
Looks like Dmart is planning to move up again.
Following is the logic of this Analysis
1. Change is Polarity , Resistance R1, R2 broken with Good volumes now this resistance may become support in coming weeks.
2. This Upcoming support is near Fib level.
3. Formed kind of Double Bottom B1, B2.
Expecting it to come at Support level let's see how it goes.
Note : It's just my Analysis which could be wrong too, not any buy and sell recommendation.
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It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.