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EMAS

MGL long opportunityNSE:MGL Stock -> MGL TimeFrame -> Weekly Hello all! MGL has been swinging within the price band of 700-1200 since October 2016. It came back to its support, consolidated there for a while, and then made a strong bounce back. This I believe makes for a good opportunity to go long! The bounceback had heavy volumes as can be seen in the chart. Also, the stock has closed above its 50-week EMA which is a sign of bullishness. The stop loss here is minimal compared to the Reward which is near 1100-1200 levels. *NOT A CALL* #nifty #mgl #swingtrading #technicalanalysis
NSE:MGLLong
by Traders_Town
Bharti Airtel long opportunityNSE:BHARTIARTL Stock -> Bharti Airtel TimeFrame-> Weekly Hello all! Bharti Airtel has been moving in a channel since September 2019. It has been consolidating since August 2021 and is now back again at its lower trendline, thus making it a good opportunity to go long! There are multiple other factors that strengthen my conviction: - Along with the lower channel trendline, the stock is trading near its strong support zone. -It has support from its 50-week EMA. -The bounceback has come from the golden Fibonacci zone (between 50%-61.8%) The risk to Reward ratio is also decent. *NOT A CALL* #nifty #bhartiairtel #technicalanalysis #swingtrading #fibonacciretracement #ema
NSE:BHARTIARTLLong
by Traders_Town
COLPAL Long opportunityNSE:COLPAL Stock -> Colpal TimeFrame -> Weekly Hello all! Colpal has been moving in an expanding funnel. It approached its lower channel trendline in March 2022, bounced back with heavy volumes, broke the trendline 1 and came back for a retest, and has again bounced. This makes for a good opportunity to go long! There are multiple other indications that further strengthen my conviction: -Formation of a 'W' pattern with a higher low formation. -Support from 50-week EMA. -The stock has bounced back from its Fibonacci Golden zone (between 50% and 61.8%). Risk-averse traders should wait for the stock to close above the Resistance zone (Yellow box). However, accumulation in small quantities can be done. *NOT A CALL* #nifty #colpal #swingtrading #swingreversal #technicalanalysis
NSE:COLPALLong
by Traders_Town
DABUR Long opportunityNSE:DABUR Stock -> Dabur TimeFrame -> Weekly Hello all! Dabur has been moving in a channel since March 2018. It came back to its lower trendline in June 2022, bounced back, and broke trendline 1 with good volumes. This we believe makes for a good opportunity to go long. There are other reasons which strengthen our conviction: 1) The lower trendline from which the scrip bounced back off of also coincides with the strong 200 EMA. 2) The breakout of trendline 1 happened with good volumes. 3) Stock took a bounce from its golden Fibonacci zone (between 50% and 61.8%) not shown here to avoid confusion. Risk-averse traders can wait for closing above the Resistance zone. Although accumulation in small quantities can be done. The Risk-Reward ratio also seems decent. *NOT A CALL*
NSE:DABURLong
by Traders_Town
2
Dmart long opportunityNSE:DMART Stock -> Dmart TimeFrame -> Weekly Hello all! Dmart has been consolidating in a flag structure since October 2021, thus forming a flag and pole pattern. It finally broke out of it with good volumes last week. This makes for a good opportunity to go long. There are multiple reasons which strengthen my conviction on going long: 1) The stock has bounced back from 3200 levels which is a good support. 2) The weekly closing is above 50 EMA. 3) The breakout has happened with good volumes. Risk-averse traders can wait for the stock to sustain above 4000 on a daily timeFrame for going long, although accumulation in small quantities can be done. *NOT A CALL*
NSE:DMARTLong
by Traders_Town
1
MRF long opportunityNSE:MRF Stock ->MRF TimeFrame -> Weekly Hello all! MRF has been moving in a channel since June 2016. It came back to its lower trendline in March 2022, bounced back, and is now trading near an important supply zone. If it breaks above the supply zone with good enough volumes, it'll make for a good opportunity to go long. MRF is already getting support from its 200-week EMA. If it breaks above the supply zone, then there will be multiple factors that will strengthen my conviction to go long: 1) It'll start trading well above the 50-week EMA which is a good sign 2) The nearest swing high will be taken out *NOT A CALL* #mrf #swingtrading #ema #technicalanalysis
NSE:MRFLong
by Traders_Town
1
MRF long opportunityNSE:MRF Stock ->MRF TimeFrame -> Weekly Hello all! MRF has been moving in a channel since June 2016. It came back to its lower trendline in March 2022, bounced back, and is now trading near an important supply zone. If it breaks above the supply zone with good enough volumes, it'll make for a good opportunity to go long. MRF is already getting support from its 200-week EMA. If it breaks above the supply zone, then there will be multiple factors that will strengthen my conviction to go long: 1) It'll start trading well above the 50-week EMA which is a good sign 2) The nearest swing high will be taken out *NOT A CALL* #mrf #swingtrading #ema #technicalanalysis
NSE:MRFLong
by Traders_Town
Hindustan Unilever long opportunityNSE:HINDUNILVR Stock -> Hindustan Unilever TimeFrame -> Weekly Hello all! Hindustan Unilever has corrected about 40% from its highs in September 2021. The stock has been in a downtrend since then and has been taking stiff resistance from trendline 1. It approached its strong support band of 1850-2000 and took a strong bounce from there with good volumes and also broke trendline 1. The retest of the trendline has been done and its followed by a bullish candle. This thus makes for a good opportunity to go long. Apart from the price action, the stock also seems to be taking support from its 200 weekly EMA. Also the bounce has come from the 50% fib level which further strengthens the conviction on going long.
NSE:HINDUNILVRLong
by Traders_Town
1
DABUR Long opportunityNSE:DABUR Stock -> Dabur TimeFrame -> Weekly Hello all! Dabur has been traveling in a channel since May 2017. It is now again at the lower end of the trendline and thus it makes for a good opportunity to go long from here! There are multiple other factors apart from the usual price action: 1) Stock is in its support zone. 2) Stock has taken a bounce off of its weekly 200 EMA. 3) Stock has bounced off of its golden Fibonacci zone (not shown here as that would make the chart too complicated). The Reward to Risk ratio also seems to be good. *NOT A CALL*
NSE:DABURLong
by Traders_Town
NAUKRI Long opportunityNSE:NAUKRI Hi all! InfoEdge (Naukri) has been following a channel since March 2020(Covid crash). It's now at the lower channel trendline and this I believe generates a good opportunity to go long! There are multiple indications that strengthen my conviction: -> Presence of 200 daily EMA -> Strong support zone -> Stock is between 50 -61.8% fib level (golden zone) Risk-averse traders can enter after the stock breaks trendline 1. Aggressive traders can enter as soon as it touches the 200EMA because the stop loss will be really small. *NOT A CALL* HAPPY TRADING!!
NSE:NAUKRILong
by Traders_Town
2