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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.
ZLong
by purisonshuf
1
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.
NSE:NIACLLong
by CannySunny
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.
NSE:M&MFINLong
by anuragsahu614
10
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.
NSE:UNIONBANKLong
by The_Decisive