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EMAS

TNPL: A 20% Potential GainFollowing a prolonged downtrend lasting six months, TNPL has successfully closed above both the 20-day and 50-day EMAs. This deviation from the recent trend, coupled with a noticeable increase in trading volume observed on the daily chart, signals a potential reversal in market sentiment. Based on historical analysis, a closing price above the 50-day EMA typically indicates strong bullish potential, especially when the 50-day EMA is below both the 100-day and 200-day EMAs. In such scenarios, it is not uncommon for stocks to experience upward movements of approximately 20% . Current market conditions for TNPL appear favorable at the CMP . My analysis suggests that the next resistance level is positioned at approximately 240 . For risk management purposes, I recommend setting a stop-loss around 171 to protect against potential downside risk. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:TNPLLong
by NiftyNotions
Entry at SupportThis trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame. A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade. The stock can show upward movement as below: 1) 1st Target is 20% from current level 2) 2nd Target is 30% from current level 3) 4th Target is 50% from current level . **All targets to be observed in Weekly time frame**
NSE:EMSLIMITEDLong
by umangkrmahato
Detailed Technical Analysis of SJVN LTDKey Observations: 1. Trendline Support: The stock is rebounding from a major trendline support, which also aligns with the support of an upward channel pattern. 2. Volume Activity: There is notable volume action, with current trading volumes being 4-5 times higher than typical daily volumes, indicating strong buying interest. 3. Relative Strength Index (RSI): The RSI is approaching its upper boundary/resistance while the stock price continues to perform well with high volumes. 4. 50-Day Exponential Moving Average (EMA): The stock has decisively bounced off its major support at the 50EMA. Entry point : An entry point around 140 offers a favorable risk-reward ratio. Targets: Target 1: 150, which is the next resistance level. Target 2: 160, near the all-time high (ATH) zone.
NSE:SJVNLong
by saikrishna9999
Data Patterns, a defence and aerospace proxy ready to move?-In a very long base, last time it breakout long base gave 80% move in just 20 days. (always read history of stock how it move, how to form base, how it react to moving averages, how volumes come etc etc) -from strong sector (sector is always imp as strong sector's stocks move faster) -Good shakeout and Fake-out also there means kicking weak players by hunting their SLs (stoplosses) -Inside Bar on latest candle -Volatility contraction
NSE:DATAPATTNSLong
by takmanish007
Thomas Cook, one simple horizontal line setupTraveling is booming in India post covid. And travel companies are enjoying this piece of pie. -Posted growth YoY EPS growth, OPM% also improving. -Near Major resistance, under which it is consolidating for 50 days (good consolidation) -Good Shakeout, when price went below major ema (here 21 dema) and rally back (also known as MAU&R: Moving Avg Undercut and Rally) -Tightness near resisantance. -Signal Candle (5th n 7th June candles are white dot, which is more than 5% move with 1M vol) suggesting big players are buying. Retailer buyers cant create such volumes. If it breaks this resistance level. with good vol (basically more than 10 day avg) then can expect good move. No buy/sell recommendations.
NSE:THOMASCOOKLong
by takmanish007
Strides Pharma, Star setup about to breakoutOne Simple Horizontal Line Setup -Posted great growth results, everything is improving. -Pharma sector seems strong as it is also near breakout zone. -That red wick on election results day seems so good, fell with market but cop up fast and took support at 200 ema n come back in good zone again and, Good shakeout of 100 ema too. -Yesterday gave squat too (went above horizontal line and close below, taking out weak players) Overall good setup and a strong stock, buying above previous day high (pdh) Note: no buy/sell recommendations at all.
NSE:STARLong
by takmanish007
FSN with YoY growth results, ready for Stage 2?FSN posted good YoY results with expanding offline too, this can be super combo: online(e-com) + offline for the future growth for the company. -right now, setup is in stage 1 but in uptrend so VCP concept can apply VCP : 20W-30/2-4Ts (Contraction for 20 weeks, contracting from 30% to ~2% n total contraction 4 times) -check Red Arrows how supply is flushing with every fall (Flushing of supply is imp for stock to blast) Green Vol > Red Vol -DTL BO: Down Trendline Breakout (Orange Circles), its forth time stock is testing this TL. N every time go up there with good volume. -Moving Avg: are pointy upwards (10, 21, 50 emas) -50 ema MAU&R (Moving Average Undercut n Rally) a GOOD Shakeout, read about it from here: OwlTraders Glossary (cant share link, will comment) Overall, liking this setup. But one should wait for confirmation of stage 2 too, if stock move good from here n form a base then its a kinda confirmation.
NSE:NYKAALong
by takmanish007
ICT-3 ICT concepts coupled with price action 575 was the best entry as it formed a FVG after a MSS and sell side liquidity was taken out. Au bank released its earnings and although profits fell, NPA,GPA were down as well showing strong management. NII was up 10% which is another major sign and it beat estimates. Technical signals Bullish flag with a bullish engulfing candle which is validated by volume and on the 50ema couples with ICT also trading makes it a high probability set up. Keep It Simple
NSE:AUBANKLong
by Krish_Kohal
4
Biocon-An underperforming pharma stockBiocon is among few stocks which did not participate in Pharma bull run. However stock has recently given a big volume bounce from its demand zone. 295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA. 1st breakouts are normally traps so use pyramiding to save your capital. If stock posts good results , we might see good move in stock. Keep your eyes stuck on this if you like support bounce trades.
NSE:BIOCONLong
by chartistamey
Godrej Industries: Seeding Prosperity in Every Chart 📊🌿Asset: Godrej Industries (GODREJIND) Timeframe: Weekly and Daily Technical Analysis: Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term. Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND. 50 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement. Trade Rationale: The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment. Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for GODREJIND. GODREJIND is currently in a demand zone, providing additional support for a potential upward movement. The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory. Trade Parameters: Entry Point: Within GODREJIND's demand zone. Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management. Take-Profit: Targeting a conservative upward movement of 20% to 50%. Exit Strategy: Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated. Risk Management: It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy. Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
NSE:GODREJINDLong
by nidinsree