NSE: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...
NSE:POWERGRID
Stock -> Powergrid
TimeFrame -> Weekly
Hello all!
Powergrid has been moving in a channel since November 2020. It's now back on its lower channel trendline and has shown a good bounceback, making it a good opportunity to go long!
There are multiple confluences that strengthen my conviction:
-Support from both 50-week EMA and 50-daily...
NSE: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...
NSE: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...
NSE: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...
NSE: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...
You can initiate buy Trade now as retest on Trend line and 50 EMA has been Made, also i shared a post regarding Double Bottom Yesterday, its target has also been achieved.
Target Levels are mentioned in Chart.
EURCHF is consolidating right now in a box. Along with that, it's taking support from the trend line. Our first target is 200 EMA on 1D Time frame, Which would be around 100 pips. If it breaks 200 EMA on 1D, then we can aim for 1.05010 and that would be around 60-70 more pips.
If INFY crosses below 1518 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
If BANKNIFTY crosses below 35174 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
If NIFTY 50 crosses below 16568 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA, looking at the direction, a fall is expected as the trendline is also broken on the downside.
NSE: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...
NSE: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...
NSE: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...
NSE: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...
Nice range and consolidation breakout.
Taken 50 ema support after last strong rally.
Chart pattern and levels mentioned in chart.
Follow strict risk management.
NSE: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...
The Forex major has finally broke down the textbook h&s shoulder and also broke and retested 200 EMA. Also took rejection on Fib level of 38.20. Further fall can be seen in EURUSD. Nearest support can be seen at 1.16100 which is also a Fib level of 61.80.
