Apollo Tyre for long entryNow Apollo Tyre stock has started the uptrend & on daily TF the same is trading above the 50 EMA level. Now currently stock is at the daily BO level of 115. We can take long entry above 115 for the next target level as 129 indicated on the charts. Once the stock successfully cross the level of 135 we can see more strength . So add the stock in your watch list & wait for the clean BO in upcoming trading sessions.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Educational
Siemens - Keep in watch listStudy:- Given BO with vol after good consolidation. Vol is more than avg. Inverted ; H&S pattern observed; Price is currently above all imp moving avgs. RSI is bullish.
PCR is bullish.
Buy on dips strategy to be applied.
Probability is high of moving high in next couple of trading sessions.
*This chart is only for educational purpose.
Petronet LNG - Good potential to move upStudy - (5th Jul) - PCR - 0.5 bullish; OC looks bullish as call unwinding happened at 290 but long position observed at higher level. Stock Huge resistance at 280 of 3L OI. 3rd July huge stock offloading observed due to short covering.
Given a BO from the channel as well as above the trend line. Weekly candle is extremely bullish. RSI has also given breakout and is extremely bullish. More short covering will be observed once price sustained above 275.
GOLDEN CROSS OVER has happened.
Keep it in radar as probability is on higher side for up move.
*This chart is for educational purpose only.
Adani Ports - Keep accumulatingStudy - Structure is good; Price moving in a upward channel; All DEMAs are showing upward trend. Price broke out from consolidation range with good volume. PCR is bullish; Formed a long bullish candle with high volume but huge rejection from resistance level and closed below VWAP.
Probability is on higher side to move up after retracing back. Good buy to get profit in long run.
*This chart is for educational purpose. You can too contribute with your comments.
Bharat forge share on uptrendCleary very bullish Bharat forge is on very bullish mode & stock in uptrend. The same is at daily BO level of 338 . We can take the long entry for the text level of 346 to 350 . The stock is kept on moving. . Resist can be seen @ 352. so Add the stock in your watch list
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Bharti airtel wait to break the triangle pattern for intraday.Tomorrow let's wait to break the triangle pattern to take the trade as shown in the charts. Add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
M&M FinanceM&M up by 6% but ranging in an upper step levels. CTP is 184.90. Last two sessions shows good volumn and marginally good upward moments and if stock break 189.00 level (It's resistance zone based on one hour chart) and 191 level (it's an upper step level resistance zone) then the stock will go up. Be cautious as there may be profit bookings. But stock looks bullish. It broke 182 level resistance ans sustained.
Entey, 189/191
SL,181
MARICO - KEEP On watch listStudy:- PCR is bullish; option chain looks bullish; In Daily TF 50 dema crossed 100 dema; H&S pattern observed. Currently trading in a channel. Volume decreasing on daily basis. Need volume surge along with price increase to cross the selling zone. If it closes above selling zone then probability will be to see momentum on upper side. It there is a BO then position can be taken or wait for retest to happen before taking position. Volatility is decreasing so chance of a sharp move is coming. If it breaks the trend line then it will slide down. As of now NOTA.
*This chart is for educational purpose only.
NIIT - Accumulate on dipsStudy:- PCR is extremely bullish. Structure is +ve.
BO has happened with volume. Need to retest the level before it continue it's upward journey. Huge call writing at 1500, hence would be difficult to cross 1500 level. Once closes above 1500 and sustains there will be short covering rally. Long build up in OI seen last week.
Might retrace at least to 200 DEMA to gain momentum, but will depend upon the opening. Already 5 attempts is done to break the 1500 level, so probability is high it will break this time. Confluence of exponential EMAs also observed which increases the probability of up move.
** This chart is only for educational purpose.
HDFC life share on bullish modeClearly, We have seen daily BO given by the HDFC Life share. In this sideways market only a few stocks are able to get the good performance. so after deep analysis we have got the stock. so we can take the long entry above 548 & till the target price of 572 with SL of 541. Stock is on bullish trend on TFs & forming higher highs. Also the neckline of double pattern has been broken on the charts which is again the sign of bullishness. so add the stock in your watch list to see the further price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
HDFC bank at Daily BO level @ 1082Clearly, We have seen on the daily chart of HDFC bank is at break out level. Stock is on bullish mode & trading above the 50 EMA level. Also we can seen the W pattern forming on the chart. Once the stock able to break the upper resist. level as shown in the chart & able to sustain than we can see the target price of 1124-1130 .So add the stock in your watch list to see the price action movement . Although buy signal has been triggered above 1063. But now long entry can be taken above the 1082 level too.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
HDFC BANK - Buy on dips strategyPCR - bullish; OC looks bullish; Structure +ve
Next hurdle is 200 DEMA. Currently trading within a channel. Good buying interest observed during last few days. It needs to retrace to accumulate more orders to gain momentum. Target would be to accumulate as it dips down. If it violates buying zone then it goes below 945 then it might reverse.
Seen increase in % of delivery qty. Huge delivery was taken on 25th June. The selling zone will act as a resistance in future but probability is to go up is high.
* This chart is only for educational purpose.
Adani Port on bearish TrendWe have seen clearly Adani port break down has been given just now from the channel pattern. Now the stock is trading below the 50 EMA . So from this level @ 341.8 this can be taken for short entry till near support of 335. If beyond this stock move we can see more weakness in the stock. So add the stock in your watch list & see the simple price action strategy.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
BPCL stock to be taken for long On daily chart we have seen stock in the uptrend & forming the cup & handle pattern. Now long entry can be taken for the next level for 425. This stock may face the minor resist. level @ 403. After this stock can touch the level of 425. So add the stock in your watch list to see the price action movement.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
ONGC - Keep on watch list.Study - Pin bar formed at support of trend line. Ready for breakout. Once price crosses the green candle bar it will be a bullish signal. Consolidating near 21 DEMA for a strong move. Closed above 21 DEMA.
PCR - 0.459; PCR vol - bullish
Probability to go higher is more; Need to cross 100 DEMA to gain more momentum.
* This chart is for educational purpose.
Apollo hospital to be taken for long entryApollo hospital share is no very bullish mode. The stock is on uptrend . In today's session the daily breakout level of 1424 has been completed & also the second BO of 1435 is also done. Now the stock is trading above the 50 EMA & ready to touch the level of 1470 as marked in the chart. Once stock cross the level of 1475 more strength can be seen in the stock. So add the stock in your watch list to see the price action. Long entry can be taken above the 1440 level .
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Berger Paint - AccumulateStudy:- Buy on dips. Excellent structure. Accumulate gradually to get very good return.
Given a BO from symmetrical triangle and ready for up move. Buy on dips and hold. Huge increase in volume is observed along with increase in price. PCR is bullish for July and long build up observed in OC. If market depth is good it will be a rocket.
I will be keep on updating with new updates.
* Only for study.
Berger Paint - AccumulateStudy:- Buy on dips. Excellent structure. Accumulate gradually to get very good return.
Given a BO from symmetrical triangle and ready for up move. Buy on dips and hold. Huge increase in volume is observed along with increase in price. PCR is bullish for July and long build up observed in OC. If market depth is good it will be a rocket.
I will be keep on updating with new updates.
* Only for study.