Birlacable potential upside candidatePrice retraced back to 61.8% fib from highs & holding nicely above 30 week ema.
Quart. result date is near, if numbers are good it can be a good potential upside candidate.
Disclaimer: Not Sebi Registered. Chart shared only for edu. purpose, Not a Buy/Sell recommendation.
Fibonacci
Nifty Price action.Nifty is on make or break level.
It form H&S pattern on weekly chart with neck line 21370. Current week will be the high volatile due Budget and FED meeting outcome.
Nifty may test 21970 on higher side in under high volatility of both event. if It test these level during budget speech and break lower level on down side 21370 on weekly chart H&S pattern will be confirmed.
Next target for this pattern would be 20960-20800.
IFB Industries- Paisa double opportunity. IFB Industries- 0.618 retracement done on monthly long back. For the past 2 years, its undergoing a big flag pattern. So will explode once it breaks up. The point to be noted is, even if it breaks up in daily, wait for the weekly candle close atleast for safe trade. If not keep the stop loss as the candle close within the channel after breaks up. Paisa double opportunity if it explodes.
Note: This is for educational purpose only.
Motilal Oswal - Long term BreakoutMotilal Oswal has given a massive breakout of year 2017 on daily chart. This stock has given almost 80% return in year 2023 and around 30% return in last one month.
This breakout is all time high for this stock and entered in blue sky zone where there is no resistance upside. Generally stocks gives huge returns after all time high breakout. The possible targets from here can be found using Fibonacci retrenchment.
Disclaimer: Stock shared for educational purpose and not a buy or sell recommendations
Banknifty on Breakdown or ReversalOn Monthly time frame it's forming a marubozu. On monthly timeframe if we take last swing (Oct-23) and mark a fib-retracement, it's show price is in 0.5 & 0.6 area which is a crucial zone also a touchdown to 9 EMA .
Downtrend scenario
If Jan-24, candle close below 44590, it will confirm a Major time reversal and we will be able to see further.
Uptrend scenario
If Jan-24, candle close above 45381, it will confirm, it's a retracement and price will move up from here.
Aarti ind stocks is standing at .61 fib levelsAarti ind has recently rallied very well from the bottom and now it has been retraced up to .618 levels of the fib and now if it supports from here we can expect a continuation in the rally
Disclaimer:
The content provided in this chart is for Educational purposes only and should not be considered as financial advice. I am not a registered financial advisor, and the information presented here is based on my personal opinions and research.
Investing in the stock market involves risks, and past performance is not indicative of future results. The financial markets are subject to various factors that can impact stock prices, and it is important to conduct your own research and consult with a qualified financial professional before making any investment decisions.
I do not guarantee the accuracy or completeness of the information provided in this video, and I disclaim any liability for any loss or damage that may arise from relying on the information presented. It is crucial to consider your own financial situation, risk tolerance, and investment goals before making any investment decisions.
I may have positions in the stocks mentioned in this video, and my interests may conflict with yours. It is important to be aware of potential conflicts of interest and to make investment decisions based on your own independent judgment.
Always seek the advice of a qualified financial professional before making any investment decisions. The content in this video is not intended to be a substitute for professional financial advice, and I encourage viewers to do their own research and/or consult with a qualified financial advisor.
You are responsible for all the risks and financial resources you use and for the chosen trading system.
You should not engage in trading unless you fully understand the nature of transaction you are entering into and the extent of your exposure to loss
All trading strategies are used at your own risk.
Aarti Industries - Fibonacci retracement & Tread-line Breakout !Aarti Industries is on a downward trend and is respecting the trendline. We are also seeing a small cup and handle pattern as well where on breakout we can expect a movement till 651. In any case once it breaks the trendline, we can expect the price till 745- 800, with no resistance. Expected price movement 651-745-800. Other parameters:
1. MACD - slowly getting positive
2. RSI - will slowly pick-up once the trend-line break out happens
3. Fibonacci retracement done - moving above from 0.618 levels
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!
CEAT LTD - Fresh breakout on Daily and Weekly chartsEntire tyre manufacturing companies are in good position.
This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool.
Disclaimer: Stock shared is for educational purpose and does not contains any buy or sell recommedations.
Dr Reddys Laboratories Ltd - Long Term Investment IdeaAs per the current market structure and based on supply & demand, the price may reach around 4500 range (Fibonacci level 61.8%) and would get bounce back from there to reach next high. This would work until it does not break the current Higher high level of 5990.
If it breaks the current HH (5990 Level) then it does not work.
"Bank of Maharashtra" - A cheap Buy amid priciey stocks.📈 BSE:MAHABANK Technical Analysis (Jan 3, 2024) 📊
Current Price: ₹47.10 INR
Technical Observations:
1. Support Levels:
• Began the day above 0.50, a key support level. 🛡️
2. Fibonacci Levels:
• Surpassed the 0.618 Fibonacci level, suggesting upward momentum. 🚀
3. Parabolic SAR:
• Awaiting a bi-signal for a potential short-term bearish trend. 📉
4. RSI & Stochastic RSI:
• K value at 40.04 and D value at 27.90, indicating an oversold condition. 💰
5. MACD:
• Observing a potential crossover with MACD at 0.27 and 0.22. 🤑
6. EMA & MA Crossover:
• Anticipating a 50-day and 200-day EMA and MA crossover in the next two days. 🔮
Fundamental Analysis:
• Price to Earnings Ratio: At 9.14, indicating the stock is still potentially undervalued. 💼
• Income Statement Trends:
• Net margins showing a nearly flat yet improving trend. 📈
• Increasing net profit, supporting a positive outlook. 💹
Trade Strategy 📝:
• Entry Point: Entry recommended if stock opens at ₹0.614 or above on Jan 4, 2024. 🎯
• Target Prices:
• First Target: ₹48.85 🎉
• Second Target: ₹50.55 🌟
• Stop Loss: If price falls below ₹45.20. 🛑
Disclosures and Disclaimers:
• Analysis is a personal opinion, not financial advice.
• No financial advisor-client relationship established.
• Trading involves risk; assess your financial position.
• Information may contain errors; verify independently.
• No liability for reliance on this analysis.
• Past performance not indicative of future results.
• No conflict of interest declared.
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#BankOfMaharashtra #TechnicalAnalysis #TradingView #StockMarket #Finance #Investing StockAnalysis #Fundamentals #P/E #NetMargins #TradingStrategy
Jupiter Wagons Limited - A very Short term spike expectedNSE:JWL - Technical Analysis Update 🚀📈
Current Price: ₹339.50 (as of Jan 5, 2024, 11:47 AM)
Key Indicators:
Parabolic SAR: Buy signal triggered 🟢
Moving Averages: Crossover at ₹323.20
MACD: Histogram at 1.21 (positive), MACD at 0.46, Signal at -0.76
Stochastic RSI: K at 75.55, D at 53.11 (not overbought yet)
%R: -14.14, touching upper baseline
Fisher Transform: -0.01 (Fisher), -0.59 (Trigger)
Market Outlook:
The stock shows potential for upside 📈, especially with the recent big order win.
Short-term bullish trend starting, watch for the close above ₹341.20 (critical Fibonacci 0.618 level) for confirmation.
Trading Targets:
First Target: ₹350.90 🎯
Second Target: ₹363.20 🎯 (approx. 1.0 Fibonacci level)
Caution:
High volatility expected. Enter for short-term trades 🔍.
High P/E ratio above 50. Short-term positions advised.
Keep an eye on market opening movements for further clues.
Stop Loss: ₹ 327.15 (around the key Fibonacci Levels of 0.382 - ₹ 327.40) ⛔
Conclusion:
Jupiter Wagons Limited is a promising pick in the railway wagon sector. Ideal for short-term traders looking for growth opportunities. Stay alert and trade wisely! 🌟🛤️
Disclaimer:
General Information Only: This analysis is provided as general market commentary and does not constitute investment advice. It is provided for the information purpose only.
Not a Recommendation: The information provided does not take into account your individual investment objectives, financial situation, or specific needs. It should not be relied upon as a recommendation or an offer to buy/sell or as a solicitation of an offer to buy/sell any security or financial instrument.
Accuracy and Completeness: While care has been taken in gathering the data and preparing the analysis, there is no guarantee of its accuracy or completeness.
Market Risks: Investing in the stock market involves risks, including the potential loss of principal. The value of investments and the income from them can fall as well as rise.
Past Performance: Past performance is not indicative of future results.
Personal Responsibility: Investors are advised to conduct their own independent research into individual stocks before making a purchase decision. It is important to be aware of the risks involved in stock trading.
Professional Advice: Consult a qualified financial advisor before making any investment decisions.
No Liability: The author of this analysis assumes no responsibility for any losses or damages resulting from decisions made based on the information provided.
Regulatory Compliance: This post does not guarantee that the analysis adheres to all regulatory requirements in different jurisdictions.
Conflict of Interest Disclosure: The author declares no financial interest or benefit from the direct or indirect promotion of the stock mentioned.
Indian Bank Stock Analysis: Spordiac Buy Signal on short term📈 NSE:INDIANB - January 5, 2024, 12:52 PM
Current Trading Price: ₹435.10 🏷️
Opening & Key Levels:
Today's Opening: ₹432.40 (Above 0.618 Fibonacci Level) ✅
Near 50-Day Moving Average: Indicating Bullish Trend 📊
Technical Indicators:
EMA & MA: No crossover yet 🔄
MACD: Histogram at 0.48, MACD at 0.70, Signal at 0.22 (Positive Crossover) 📈
RSI: Currently at mid-range, K at 55.02, D at 37.62 (Viable Range) 🎯
%R: At -29.83 (Supportive of Bullish Trend) ⬆️
Fisher Indicator: Positive crossover, Fisher at 0.80, Trigger at 0.27 (Mid-Range) ✨
Parabolic SAR: Buy signal at ₹391.00 🟢
Target Prices & Stop Loss:
Target 1: ₹443.65 (0.786 Fibonacci Level) 🎯
Target 2: ₹458.00 (Level 1 of February Series) 🎯
Stop Loss: If falls below ₹424.50 (0.5 Fibonacci Level) ⛔️
Overall Outlook: Bullish in the short term, but confirmation needed from other indicators. Volatility noted. Investors are advised to monitor closely.
Disclaimer: This analysis is for informational purposes only and should not be construed as investment advice. Investment decisions should be based on individual research and risk appetite. 🚫
#IndianBank #StockAnalysis #TechnicalAnalysis #Investing #StockMarket #BullishTrend #TradingTargets #RiskManagement
A stock for momentum traders!Quickheal has given a trendline breakout today with very heavy volumes.
Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal.
However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+.
However, risky momentum traders can look for quick 5% returns at CMP. Stock might touch 295 levels in this momentum.
Idea shared for educational purposes!
Imbalance $65 | Short BiasOn day chart
ELGD has created imbalance around $65. Besides, ELGD's in consolidation phase $48 - 60
The previous signal when ELGD closed below $55 that is signal for reversing if price can't close above $73
So I think ELGD pullback to higher then drop to Golden Ratio at $40
Wait for next move