ZOMATO A CHANNEL CONSOLIDATION WILL IT BREAKOUT OR FIZZLE OUT ?Zomato Ltd. is an interesting chart in momentum with following
1. RSI on all time frames (D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking near Upper Band
3. Four months long consolidation in range of 240 to 295 zone
4. ABCD pattern under formation on weekly chart
5. Major Price Supports as under:
20 SMA (daily ) 263
50 EMA (daily ) 264
20 SMA (weekly) 261
with cluster of supports in range of 260-264 can be a good risk reward trade. Fibonacci projection tool projects targets of 333 and 358 Lets see if it sustains the trend or fizzles out
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Emasupport
IDFCfirst Bank CUP & Handle Breakout RetestHello Everyone,
HDFC First Bank making Retest from Cup & handle Chart pattern Breakout restest with trendline also taking Support of 200ema.
Fibbo 61% retracement completed and rsi oversold with making repeated pattern as earlier.Stock price cmp 66 is 34% down from lifetime high of 100.
THE NEW INDIA ASSURANCEThe setup is low risk high reward.
A nice base formation refusing to fall 5 times.
Stage 2 Stock
New India Assurance Company Ltd is India's largest non-life insurance company. It is promoted by the Government of India (GoI) holding ~86% stake
Presently, the company operates through a network of 2,200+ offices across 29 states and 7 UTs in India
Presently, the company is a market leader in health, motor, liability, fire and marine line of insurance business.
It has ~14% market share in general insurance industry in India.
The company has operations in 28 countries. It has branches and agency offices in Abu Dhabi, Australia, Bahrain, Dubai, Fiji, Hong Kong, New Zealand, Mauritius, Japan, UK, Thailand, and others.
The company is strategically important to Govt. of India because of its dominant market position and because it is the flagship Indian general insurer in the international markets, with a desk at the prestigious Lloyd's syndicate in London. It can help the govt. to materially enhance insurance penetration in the country over the long term.
Ajmera reality to take longAjmera reality to take a long entry between 345-349 for the target price between 390-400 with SL 320. Good risk to reward trade. The logic behind trade..
1) 200 EMA Support level from the entry level.
2) Bullish candle at the support level.
3) volume build-up
4) V shape recovery in RSI
This is for your educational purpose only.
Pullback entry after breakout.After the breakout from a resistance of 170 zone, M&M FIn has entered to a new bullish territory, and is testing its previous resistance. Good signs are that a bullish engulfing candle has formed taking support of 20 EMA and RSI is also in bullish zone. Entry can be done from current levels till 173 with a SL of low of the breakout candle i.e. 171, hoping for an up move upto 200. targets can also be seen as per fibonacci levels. Any move below 165 will end its trend.
Union Bank Share Trend Analysis by THE DECISIVEUnion Bank is listed as Public Sector Bank & having Market Cap of Rs. 24000 Cr. Union Bank is also engaged in Mutual Fund & Wealth Management business.
When you are having 3 reason to Buy a stock what you will do? Obviously you will Buy....We are having 3 reasons for Union bank:
1. Head & Shoulder Pattern: It is making a head & shoulder pattern & now taking reversal from neckline
2. EMA Support: Taking strong support of 200 EMA
3. Risk Reward: CMP is 35.35 & having a good risk reward ratio of 1:4
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
We will be happy to know if you would like to learn more on Fundamental & Technical analysis.
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
Sail Fibo+Triangle+EMAs. Breakout??Formed a triangle + Nearby Fibo level + Also got supported by EMAs
The Indicator Used:
PANEL 1:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Bullish on WHIRLPOOL Whirlpool retraced upto Fibonacci 78% levels which is at 2300, as per recent trend suggest it broke 200DMA upside with good volume and tested 2300 levels and retraced to 20 EMA and took support at that level, we can see a long position in this counter where 2550 looks easy target. 2100 looks like support.