MOIL LEVELS 08.12.2024MOIL forming inverse heading and shoulder pattern, once it's come right shoulder (retracement)
@ 310-320 buying opportunity target will be 350- 410
Stop Loss 280 @ Daily candle closing basis
(DYOR)
Equity
Nifty 50 Gap fill doneNifty 50 Gap fill done. 23900 is important support.
Index under pressure due to IT Sector.
DXY has cooled off.
NESTLEIND looks good for swing tradeAs shown in the chart, the price was previously coming down every time it was touching its resistance line. But recently, it has broken its resistance and took support on the same resistance line and formed an inverted head-and-shoulders pattern, which is a bullish-reversal signal. So, these all are suggesting that NESTLEIND is ready for the next bullish move.
Stock of the day for 19 August Markets I make educational content videos for swing / positional trading
2000 Days Pattern breakout in Whirlpool I make educational content videos for swing / positional trading
SWING IDEA - GRASIMGrasim Industries , a prominent player in the Indian conglomerate landscape, presents an intriguing prospect for swing traders, as evidenced by a convergence of technical factors signaling a potential upward rally.
Reasons are listed below :
The repeated testing of the 2175 level underscores its significance as a critical support/resistance zone. With the recent breach accompanied by strong candle activity, the stage is set for a significant market movement.
A bullish engulfing candle, spanning daily price action over the past two months, serves as a powerful signal of bullish momentum, marking a pivotal juncture for traders.
The presence of the 50-day Exponential Moving Average (EMA) as a support level on the daily timeframe adds further credence to the bullish outlook.
Elevated trading volumes serve as a corroborating factor, indicating heightened market participation and conviction behind the price movement.
The recent breakout from a two-month consolidation phase signifies a significant shift in market dynamics. Such breakouts often herald the onset of a new trend or the resumption of an existing one, presenting lucrative opportunities for traders to capitalize on directional movements.
The consistent formation of higher highs underscores the underlying strength of the uptrend. This pattern of ascending peaks reaffirms the prevailing bullish trajectory, offering traders confidence in the sustainability of the upward momentum.
Target - 2360 // 2575
Stoploss - Daily close below 2045
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - HFCLHFCL emerges as an attractive swing trade prospect, combining technical strength, breakthrough dynamics, and heightened market participation. Traders eyeing potential opportunities should keep a keen eye on these developments, as HFCL navigates its path in the market.
Reasons are stated below :
After enduring multiple tests at the 92 levels, HFCL has successfully broken through, signifying a notable shift in market sentiment.
A noteworthy spike in trading volumes accompanied the breakthrough, underscoring heightened market interest and potential sustained momentum.
The stock is exhibiting a pattern of forming higher highs, a crucial sign of an ascending trend and an encouraging signal for traders.
A strong bullish candle on the weekly timeframe serves as a powerful breakout signal, further affirming the positive trajectory for HFCL.
Adding to the bullish narrative, HFCL exhibits a robust 900-day consolidation, reflecting stability and resilience in the face of market fluctuations.
Target - 121 // 153
StopLoss - weekly close below 82
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
PKTEA was give good breakout with volume.PKTEA was give good breakout with volume. lets see next moves of stock.
Educational purposes only
GTLINFRA is give good Price Moves.GTLINFRA is give good Price Moves. and its last 3-4 Qtr results was good . Most probability its break consolidation face and resistance. lets see next Moves.
Educational Purpose only.
Make sure add "LGBFORGE" in your Watch list.Because , in "LGBFORGE" previous month Volume and Price movement is solid . Most probability its consolidation face is over in future week and months.. lets see Next Qtr results , if Qtr result will good so high probabilities for take entry in bullish Stock.
Educational purposes only.
MICEL is give good moves.MICEL is give good moves. Current and previous month is solid performing. But for enter in stock my suggestions is retest and wait for 9 EMA and 20 EMA for better price. and plus point is its QTR result is solid .
Educational purpose only
RS Software Is Bullish in long term.RS Software Is Bullish in long term. Because QTR result are solid and its give Good Rally in Previous months , currently its take successfully reset and high probability for Bull continuation . Lets see what is next moves of Stock.
Education Purpose Only..
Good Breakout stock for 28 June markets I daily make educational content videos for swing / positional trading
SWING IDEA - RAIN INDUSTRIESRain Industries has emerged as an intriguing prospect, presenting a compelling case for a potential upswing.
Reasons are listed below :
Rain Industries has established a sturdy support base at the 145 level, providing a solid foundation for potential upward movement.
The weekly timeframe reveals a bullish engulfing candle, signaling a potential shift in sentiment and setting the stage for a positive trend reversal.
A bullish marubozu candle on the daily chart further strengthens the bullish case, indicating strong buying interest and potential momentum in the short term.
The stock is bouncing back from the golden Fibonacci zone, adding a technical aspect to the trade setup and reinforcing the probability of a favorable price movement.
The uptick in trading volumes is a positive indicator, suggesting growing market interest and participation in Rain Industries.
Despite highs shifting down, the absence of new lows is a noteworthy observation, hinting at a potential reversal and the resilience of the stock in the face of downward pressure.
Target - 184 // 206 // 253
StopLoss - weekly close below 145
SWING IDEA - WELSPUN LIVINGWelspun Living , a company engaged in the home textiles and furnishings sector, presents a potential swing buying opportunity based on several technical factors.
Reasons are listed below :
The repeated testing of the 155-165 zone suggests the establishment of a robust support/resistance level. A potential breakout from this range could signify a notable market movement.
Head and shoulders patterns are often seen as trend reversal patterns. In this case, if there's a head and shoulders pattern forming, and if it's confirmed with a breakout, it could indicate a reversal from a downward trend to an upward trend.
An engulfing candle formed in weekly timeframe followed by a doji candle typically indicates a potential continuation in the prevailing market trend.
Breakouts from long-term consolidation zones can lead to significant price movements, as they indicate a shift in market sentiment and a breakout from a period of indecision.
Consistently forming higher highs is a characteristic of an uptrend and suggests that buyers are in control of the market.
Increased trading volume can confirm the strength of a price movement. If volumes are increasing as the price moves higher, it suggests strong buying interest.
Target - 185 // 215 // 255
Stoploss - weekly close below 137
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Kotak: Short term reversal (6 May onwards)On this Daily Chart, we can see that Kotak has made a recent swing low of 1546 on Friday after losing support from its 1650 level. The results were out yesterday and Kotak has announced 26% increase in profits beating the market estimates. This should potentially cause a reversal in price going forward. In the short term, price is likely to touch the 200D SMA (purple line) which also coincides with a trend line (in blue) creating an upside of about 15% from current levels.
Indicators:
1. The EPS chart shows solid growth while the P/E is almost at a decadal low of 16.9
2. The RSI has bottomed out both in the Daily and Weekly
3. The price hit the lower threshold band of Fibonacci Bollinger Band (solid green line) indicating a possible bottoming out of price
4. The price is currently below both the 50D and 200D SMA, indicating short term bearish territory
Risks: The current downtrend can also continue in the next week and the next visible support is at 1450 implying a downside of 6%
Strategy: Given the growth drivers and a ridiculous valuation of the bank, the price is sure to make a reversal in coming days. Watch for the price action on Monday, and based on lower time frame price action, take entry. If the price comes down, towards 1450 levels, it should be used as an opportunity to build more positions instead of thinking about Stop loss and exiting.
Happy Trading!
3 Amazing Weekly swing trading ideas for 29 April Markets I make educational content videos for swing / positional trading
SWING IDEA - JKLAKSHMI CEMENTJK Lakshmi Cement , a key player in the cement industry, is currently exhibiting compelling signals that shouldn't be overlooked. In conclusion, stock's technical landscape is painting a promising picture for prospective investors.
Reasons are listed below :
The stock has undergone multiple tests at the critical 890 levels, showcasing resilience and now displaying a promising attempt to break through.
Over the past 7 weeks, stock has demonstrated robust consolidation at its all-time high, indicating a solid foundation for potential upward movement.
A clear bullish trend is evident as the stock continues to establish higher highs, signifying positive momentum and growing investor confidence.
The stock is currently trading above both the 50-day and 200-day EMAs, affirming the continuity of the prevailing uptrend.
Target - 1069 // 1158
Stoploss - weekly close below 819
SWING IDEA - YES BANKYes Bank stock presents a compelling opportunity for a swing trade, supported by strong technical indicators:
Reasons are listed below :
Multiple tests at the 21 levels culminated in a decisive breakout.
A significant marubozu candle on the weekly timeframe signals bullish momentum.
The breakout was accompanied by a notable increase in trading volumes.
Ongoing formation of higher highs indicates a sustained upward trend.
Positive positioning, as the price is trading above both the 50 and 200-day Exponential Moving Averages (EMA), reflecting momentum strength.
Target - 30 // 49
StopLoss - weekly close below 20.85
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - BIRLA CORPORATIONBirla Corp , a key player in the cement industry, signals a compelling swing buying opportunity driven by strong technical indicators.
Reasons are listed below :
After multiple tests, a robust breakout above the 1600 zone signifies a significant shift in market sentiment.
The breach of a consolidation area spanning over two years indicates a decisive move in the price action.
A bullish engulfing candlestick followed by confirmation in the subsequent week signals a reversal to bullish sentiment.
Trading above the 50 and 200 Exponential Moving Averages (EMAs) on the weekly timeframe indicates a bullish market stance.
The pattern of consistent higher highs reflects sustained bullish momentum.
Elevated trading volumes validate the strength of the breakout, indicating heightened market participation.
Target - 2112 // 2315
Stoploss - weekly close below 1464
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
BUY SHANKARA @ 748 TGT@890 SL@695Reason to buy : take support in trendline, crossed sma and macd in positive
