CROMPTON GREAVES - Enter on a pullback!Price Analysis & Observation:
1. HH-HL formation started, now I will wait for a higher low formation to enter.
2. Volume support is strong.
3. Trend is confirmed. It's clear BUY ON DIPS!!
4. Buying strength is good.
5. Expecting it come down for some retracement.
Trade Plan:
1. Need to wait patiently for the formation I want to enter on a dip.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Fibonacci
SonataSoftware-An IT stock for ATH targets!As I had mentioned in my NiftyIT analysis, Sonata software is showing good reversal signs.
Today, stock gave a breakout of trendline after bouncing from support.
It is going to fill gap till 630 tomorrow which can be a good trade any intraday traders.
Swing traders shouldn't miss opportunity of adding this multibagger stock in watchlist.
Good stock for long term investors as well but please invest only after own research.
Nifty Elliot Wave Analysis 2020-24 - With Subordinates CountingWe received many requests to count the Nifty chart with subordinate counts and potential targets. Here is our Elliott Wave count with detailed markings.
We are open to discussing this in detail. Feel free to comment!
Regards,
Team WaveMoku
HUL - A snail!Price analysis & overview:
1. Moves are very choppy.
2. Until it breaks ATH, there is nothing to do with this stock.
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
SmallMidCap CrackdownImpact that you see in smallmidcap indices
1. SmallCap 100 index has been travelling 1 way route since Feb '23. ~92%.
2. SmallCap 100 index reached 161.8% fib level.
3. SEBI has expressed worry over the substantial 92% increase in small-cap fund inflows during the first 10 months of this fiscal year, compared to the entire previous fiscal year. This surge has prompted SEBI to demand enhanced disclosures and investor protection policies from mutual funds.
4. Recently read a post where how many days it would take smallcap funds to create liquidity to settle on redemption(firesale)
If symmetrical triangle breaks down in this week closure, 11.95% height of the triangle could lead to 61.8% fib level of ~13646.35. If breakdown & Mkt is still bullish then 38.2% fib level support is at 14737.50. It's good upto this.
Is IEX ready for a 100% upmove? Charts says YESIs Indian Energy Exchange (IEX) all set to fire up?
We are expecting big targets based on the following key technical points:
Great Correction (Fib):
The price underwent a deep correction of more than 61.8%, almost reaching the 0.786 Fibonacci retracement level from the top.
Price Action Structure Change:
The price has changed structure since it broke the previous high on the monthly time frame and sustained weekly candle.
Ichimoku Confirmation:
There is a strong TS & KS breakout, and it looks poised to break the cloud as well. A strong base has been created, and a breakout has occurred.
Fib Channel + Fib Extension:
The price respected the channel bottom and reversed strongly. Based on the channel targets, there is a high chance of hitting 360+ in the coming months.
Wave Analysis and Targets:
The stock is in either Wave C or Wave 3. The minimum targets for Wave C are 287 (61.8%) and 394 (100%). Any move beyond this is a bonus.
Use Ichimoku (Daily Time Frame) for Higher Profits:
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Tejas Networks Has a GAPCompany into telecom business and this sector is going to do well in 2nd half of 2024.
Regardless of that stock has big gap which is expected to NOT to get filled.
IMPORTANT NO BLIND BUYS
Looking for consolidation pullbacks for entry opportunities near 0.382 or 0.618 Fibonacci. Entry criteria near these will be to sustenance above 13EMA and breaking 2-3 candle high with max 6-7% stop from low.
No targets as such will trail to breakeven on significant move and part book on loss of strength. Full exit criteria will be on close below 13ema on weekly chart provided having big profit cushion.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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"🚀 Castrol Stock Analysis: Bullish Signals & Targets📈 NSE:CASTROLIND Technical Analysis (Week Ending 16th Feb 2024)
Closing Price: 💵 207.70
Parabolic SAR: ✅ Buy Signal @ 186.55
EMA & MA Crossover: 🔄 Pending (Bullish Trend Support Expected Soon)
MACD:
MACDR: 📊 6.95 (Crossing Signal)
Histogram: ➕ Positive @ 0.05
Stochastics RSI: 🔄 K51.90 ➡️ D35.58 (Oversold Zone Exit)
%R (Williams Percent Range): 📈 Upward Trend @ 21.52
Fisher Transform: 🐟 0.58 (Bullish Crossover Mid-Range)
🎯 Targets:
First Target: 🎯 213.55 (Recent High)
Second Target: 🎯 220.40 (Fibonacci 1.618 Level)
🛑 Stop Loss: ⚠️ 199.50 (Fibonacci 0.618 Level)
⚠️ Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Market conditions are dynamic; trade responsibly based on your own due diligence.
#Castrol #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
EURUSDEUR/USD 4-Hour Analysis: Potential Bearish Continuation
Chart Overview:
This EUR/USD 4-hour chart analysis indicates a potential bearish continuation following a recent break of significant support levels and trend lines.
Key Points:
1. Resistance and Support Levels:
- Resistance: A strong resistance level is identified around 1.08520, highlighted with a red shaded area, where price has previously reversed.
- Support: The 0.61% Fibonacci retracement level around 1.08012 serves as a crucial support level.
2. Trend Analysis:
- The pair initially showed an upward trend, but recent price action has broken below a key ascending trend line, indicating a shift to bearish momentum.
3. Fibonacci Retracement:
- The 0.61% Fibonacci level (1.08012) is marked as a significant retracement point. This level is often watched by traders for potential reversal or continuation.
4. Price Projection:
- The expected price path is a retracement back to the 0.61% Fibonacci level before continuing the downward movement. This is illustrated by the projected zigzag pattern.
5. Risk/Reward Setup:
- The analysis includes a potential short trade setup with the green shaded area representing the target zone and the red shaded area indicating the stop-loss zone. This setup suggests a favorable risk/reward ratio.
6. Market Sentiment:
- Overall sentiment is bearish, with the price action showing strong downward momentum after breaking the support and trend line.
Trading Plan:
- Look for shorting opportunities at the resistance zone around 1.08012.
- Place stop-losses just above the red shaded area to manage risk.
- Target the support zones below the current price action for potential take-profits.
This analysis suggests caution and patience for traders, waiting for the price to reach key levels before entering trades. As always, ensure proper risk management and consider external economic factors that may influence price movements.
NYKAA : Fsn E-Commerce Ventures Ltd based on Fibonacci onlyWe are evaluating Nykaa stock based on Fibonacci only. As the price has become unable to go down, there are chances of going up for some time.
Each Fibonacci level can act as a target when the price is moving up.
But waiting for a price breakout is imperative.
Promotor Holding : 52%
FII Holding : 11%
Mutualfunds : 12%
Insurance Companies :4.5%
PE Ratio : 1513
For educational purpose only. We do not provide any buy or sell advice.
HDFC BANK - Consolidation phase, is it calm before the storm?Overview & Observation:
1. Solid consolidation happening since 2020.
2. Better to just watch it for now
3. Prices have started moving slowly from the demand zone.
4. PA structure is currently bullish forming HH-HL.
5. Overall strength and momentum are lacking.
D TF:
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
SYNGENE - Demand zone tapped: Ready for a move of 50%! Trade Idea Description:
Despite weak earnings, the potential for better quarterly results could trigger a breakout.
Here’s the plan:
- Entry Point: At CMP 691
- Stop Loss: 10% below the entry around 640 on candle closing basis.
- Target: Aiming for a 50% upside, 1:5 risk-reward ratio
With minimal downside risk, this is a compelling long-trade opportunity.
- Stay updated for further insights and trade safely!
- If you have liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
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Thanks & Regards,
Anubrata Ray
JSWSTEEL - Not a good buy at current levels!The stock is trading around the upper channel. The space on the upside looking limited and RR is not favourable at the current levels.
Weekly TF view:
Price Observations:
1. Even after breakout & restest of major 800 previous ATH levels the moves is slow and choppy.
2. Volumes are dry.
3. Buyers are weak.
Now, possible 2 Scenarios here:
1. WAIT FOR THE BREAKOUT OF THE CHANNEL AND ENTER WITH CONFIRMATION WITH SMALL SL.
2. WAIT FOR A RETTRECEMENT TO ENTER AT SUPPORT LEVELS.
- I WOULD WAIT FOR THE LATER CASE SINCE I'M NOT A TYPICAL BREAKOUT TRADER!
- Stay updated for further insights and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
📊 Equitas Small Finance Bank Analysis - Week Starting 19th FebNSE:EQUITASBNK
Last Closing Price: 💵 107.20
50-Day Moving Average: 📈 Crossed Over @ 406.52 (Short Term Bull Run)
EMA & MA Crossover: 🔄 Pending @ 104.00 & 102.62 (Bullish Trend Re-establishment Expected)
Parabolic SAR: ✅ Bullish @ 99.00
Fibonacci Levels:
Closed Above 📏 0.382 @ 106.05
Next Target 🎯 Above 0.50 @ 108.05 (Strengthening Buy Signal)
MACD:
Signal Value: 📶 1.28
MACD Value: 📈 1.31
Stochastic RSI: 🔄 K58.67 ➡️ D32.73 (Bullish Crossover)
%R (Williams Percent Range): 📈 Upper Band @ 7.87
Fisher Transform: 🐟 Positive @ 1.42, Trigger @ 2.53 (Bullish)
🎯 Targets:
First Target: 🎯 110.15 (Fibonacci 0.618 Level)
Second Target: 🎯 112.95
🛑 Stop Loss: ⚠️ 99.60 (Fibonacci 0 Level)
⚠️ Disclaimer: This content is provided for informational purposes only. It is not intended as financial advice. Trading involves risks and is influenced by external market conditions. Conduct your research or consult a financial advisor.
#EquitasSmallFinanceBank #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR