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...
Biocon 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...
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...
SHRADHA INFRAPROJECTS has formed a nice accumalation in the form of a BASE over BASE setup with goof VOLUME pickups and even 50/200 Daily EMA is following the price well, even showing outperformance compared to index analysis
SHAH METACORP is forming a nice Daily BASE with 50 Daily EMA following the price and we also have nice volume pickups could see a rally till all time high or a slow accumalation till all time high and then a good rally after it breaks all time high
DVL - DHUNSERI VENTURES has formed a WEEKLY base with a DEMAND ZONE between 310-280.
Could be a great opportunity for LONG position with SEPTEMBER Quarter profit rise, BUYING volumes are increasing as well as 50 and 200 Daily EMA is following the price PROPERLY.
MOS Utility is absorbing ALL TIME HIGH Supply and is forming an IPO Base Setup with Good Volumes as well as 50 Daily EMA is following an uptrend with price can give a good move, but accumalate it slowly, don't go all in at once
ALLCARGO TERMINALS near ith ALL TIME HIGH with good VOLUME PICKUP as well as good BASE FORMATION and 50 Daily EMA following the price could be a QUICK MOVE to the upside for a 10-20% move.
AAA Technologies has made a good BASE formation with rise in VOLUMES and is also near ALL TIME HIGH with good SUPPLY absorbtion and even 50/200 EMA is following the price well can be good for short/mid term rally
ZODIAC ENERGY is near its ALL TIME HIGH which previous weekly selling bases not broken as well as good VOLUME PICKUPS , alse FUNDAMENTALLY STRONG SECTOR for long term investments and 50/200 Daily EMA following the price
1. Nice Pinbar formed at Big Round Number 1000.00
2. EMA 365 acts as Resistance for that Pinbar.
3. Fibonacci Retracement at 61.8% level.
4. Watch that trendline which is also acts as resistance.
5. Take Profit and Stop Loss level clearly mentioned in the chart window.
