Fibonacci
GSPL: One more BUY push if everything goes good.NSE:GSPL (Gujarat State P Limited) Technical Analysis: A Week Starting January 23, 2024,
Prognosis - Emphasizing Key Indicators for Short-Term Bull Run"
📊 Overview
Stock: GSPL (Gujarat State Petronet Limited)
Analysis Period: Week starting January 23, 2024
Current Scenario: Bullish Indications Emerging
📈 Technical Indicators Analysis
Parabolic SAR:
🟢 Buy Signal: Detected at ₹306.70
📉 Last Closing: Around ₹344.80
EMA & MA Crossover:
✅ Buy Crossover: Confirmed at ₹322.69
MACD Analysis:
📈 MACD Value: 8.08 nearing 8.30 signal
🌈 Histogram: 0.21 indicating bullish momentum
Stochastics RSI:
📊 K Value: 31.61
📈 D Value: 16.07
🔝 Indicates oversold situation & buying trend
🚀 Percentage R: 22.64 nearing upper band, suggesting strength
Fisher Transform:
🐟 Fisher Value: 0.51
🎯 Trigger Value: 0.98
✅ Indicates a buying crossover
🎯 Price Targets
Target 1: ₹359.75
Target 2: ₹379.00
Long-Term Target: ₹414.50 (Near all-time high)
🛑 Stop Loss and Support Levels
Crucial Support: ₹304.00 (0.5 Fibonacci Level)
Exit Price: ₹295.60 (0.618 Fibonacci Level)
⚠️ Precautions
📰 Market Sensitivity: Stay alert to news in the petroleum sector.
🌐 Broader Market Influence: A positive market trend is crucial.
📉 Risk of Volatility: Be prepared for market fluctuations.
📝 Disclaimer
🚫 This analysis is for informational purposes only and not investment advice.
⚠️ Investing involves risks, including the possibility of loss.
🧐 Investors should perform their own due diligence.
#GSPLAnalysis #TechnicalAnalysis #StockMarketTrends #BullishOutlook #InvestmentInsights #MarketAnalysis #FinancialForecasting
Nifty : levels to WatchNifty respects levels for every timeframe according to Fibonacci Series. 0.0, .38, .62, 1.00
For Tuesday 08-02-24
for Upside if Nifty Crosses above 21975 it may touch
21998---22040--22109---22219---22287---22397
for Downside if Nifty Crosses below 21888 it may touch
21862---21820---21751---21641---21573---21463
These are levels are generated on the basis on Fibonacci Series
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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BANK NIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
COAL INDIA: Higher Highs expected if MACD buy crossover happensTechnical Analysis Report: Coal India - Week of January 23, 2024
📊 Overview
Stock Name: NSE:COALINDIA
📈 Technical Indicators Analysis
Parabolic SAR (Stop and Reverse):
🟢 Buy Signal Detected at ₹367.75
🚀 Indicates potential upward price movement
EMA (Exponential Moving Average) & MA (Moving Average) Crossover:
🔄 Crossover Event nearing and then diverging
📊 Suggests a strengthening bullish trend
MACD (Moving Average Convergence Divergence) - 12, 26, 9:
📉 MACD Value: 8.03
📈 Signal Value: 8.75
🟡 Crossover Pending: Indicator yet to confirm the trend
Stochastics RSI (Relative Strength Index):
🎢 K Value: 42.78
🎡 D Value: 17.41
🔄 Recent Crossover below lower level, indicating past corrections
💹 Market Statistics
Price/Earnings (P/E) Ratio: 8.42
👍 Indicates a potentially undervalued stock
Beta: 0.61
📉 Suggests lower volatility compared to the market
Dividend Payout Ratio: 53.26%
Dividend Yield: 6.14%
💸 Indicates a solid dividend return
🎯 Target and 🛑 Stop Loss
Stop Loss: ₹362.35
📌 Set at Fibonacci 0.5 level
Target Price: ₹410
🏹 Based on current momentum and indicators
⚠️ Precautions
🌪️ Volatility Alert: High price levels may lead to increased volatility.
🔄 Consolidation Phase: Short-term consolidation possible before further movement.
🧐 Investor Caution: Monitor for changes in market conditions.
📝 Disclaimer
🚫 This analysis is for informational purposes only and should not be construed as investment advice.
⚖️ Investing in stocks involves risks, including the loss of capital.
💡 Investors are advised to conduct their own research or consult with a financial advisor.
#CoalIndiaAnalysis #TechnicalAnalysis #StockMarket #Investing #finogent #MarketTrends #FinancialInsights
HINDOILEXP: opportunity for steep rise.🔍 Technical Analysis Update for NSE:HINDOILEXP - Week Starting January 23, 2024
📊 Current Status: The stock closed at a high of ₹186.85 on the last trading day. It has been range-bound since August 2023 but recently breached a six-month high before closing just below it.
📈 Entry Point: Consider entering the trade if the price crosses and sustains above ₹189.80 in the next day or two. This could signal the start of a bullish trend.
🎯 Target: The first target is set at ₹196.40.
🛑 Stop Loss: A key stop loss point is at ₹172.85, aligning with a critical Fibonacci level of 0.5 at ₹172.75. This acts as a strong support level.
💹 Key Indicators:
Volume: Increasing volume supports the potential bullish trend.
Percentage R: Positioned at the upper band, indicating bullishness.
Stochastic RSI: A buying crossover has occurred in an oversold situation, further supporting bullish prospects.
🚦 Overall Outlook: The stock is showing signs of breaking out of its long-term range with increasing volume and positive technical indicators. Monitoring the stock's ability to maintain above ₹189.80 will be crucial for confirming the bullish trend.
⚠️ Disclaimer: This analysis is for informational purposes only and is not financial advice. Investors should conduct their own research and consult a financial advisor before making any investment decisions .
🔖 #HindustanOilExploration #StockAnalysis #BullishTrends #TradingStrategy #StockMarket #InvestmentTips
🌟 Stay informed and trade wisely! 🌟
Trade Smart in Turbulent Times in SyngeneNSE:SYNGENE , a leading global discovery, development and manufacturing organization catering to the pharmaceutical and biotech industries, is under the spotlight for this week's technical analysis.
Entry Logic 🎯:
The stock has recently crossed its 50-day moving average (MA) of INR 799, additionally breaching the Fibonacci retracement level of 0.382 at INR 810 . These factors, combined with potential bullish crossovers in Exponential Moving Average Divergence (EMD) and Moving Average Convergence Divergence ( MACD) (12,26,9), lay down a fertile ground for upward movement. The ideal entry point would be upon a strong opening above I NR 810.2 or INR 811.60 (0.5 Fibonacci level).
Target Levels 🎯:
Target 1: INR 823.45
Target 2: INR 843.70
These targets are set based on historical resistance zones and projected upward momentum.
Exit Logic 🚪:
An exit should be considered if momentum drops or reverses before reaching the target levels, or upon hitting the targeted price points for desired profits.
Stop Loss ⚠️:
A stringent stop loss is advised at INR 786. This is a slightly aggressive level aimed at limiting losses should the market sentiment change abruptly.
Technical Indicators 📊:
MACD: Awaiting a bullish crossover to substantiate entry.
Stochastics: Recent crossover observed, bullish sign.
RSI: Also in bullish crossover territory.
%R: Currently in oversell territory - positive.
Fisher 9: Indicating strong buy signal.
Market Sentiment 🌐:
With the broader Indian market expected to exhibit volatility in the forthcoming week, caution is advisable. The high PE ratio of 64.44 and a modest EPS of 12.06 underscore a relatively high valuation, with a low payout ratio of 4.16.
Recommendation 📝:
Syngene International presents a potentially lucrative short-term swing trading opportunity for aggressive traders. The anticipated bullish momentum, if actualized, could render fruitful returns; albeit the inherent market risks necessitate a robust exit strategy and a firm stop loss.
Disclosures and Disclaimers 📢:
This analysis is for informational purposes only and not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The report is based on historical data and prevailing market conditions; the future may unfold differently. All investors are advised to conduct their independent research or consult a financial advisor before making any investment decisions.
EXIDEIND | Weekly Chart | 5.5years Multiyear BO | ATH BOChart analysis in Weekly time frame:
Pattern: Basing pattern is formed in 5.5 years.
Breakout: BO of ATH and Basing pattern and re-test of breakout is also performed.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Trade setup:
Entry price: 345.7
Stop loss: Below previous ATH 304.7
Target 1: 369.3
Target 2: 407.55
Target 3: 469.4
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
LICI- All time high breakoutInsurance sector in action with leading company giving all time high breakout. LIC of India is giving all time high breakout on daily chart. The volume in last 1-2 months are quite high and stock has till now given a returns of almost 30% in year 2023. This seems just the beginning of rally in this stock.
The next possible levels on the chart is 1083 according to Fibonacci.
Disclaimer: The stock shared is only for educational purpose and does not include any buy or sell recommendations.
NATIONALUM | Multiyear BO | 16-years BO | Monthly ChartChart analysis:
Pattern: Basing pattern is formed. Consolidation might happen near breakout zone after a big rally.
Breakout: Basing pattern is broke the All Time High (ATH) price after 16 years.
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 148.40 price break candle.
Stop loss: Below Low of price breaking candle or previous candle.
Target 1: 226.35
Target 2: 257.5
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
Fine Organic is forming a very good structure and at good level.Looking at Fine ORganics, the structure is very good in HTF and also on 1hr TF. Overall bullish forming HH and HL. And now it's in discounted price at a good low their is also an OB which is looking very good to go long but here I would like to wait a bit more as the SL is of 2.5% approx. So, I'll be waiting for it's structure to also get synced in 15 min TF that is CHoCH in 15 min also on buy side. then we'll find some good zone in 15 min to go long.
TEGA: Prior to earnings rally expected📊 NSE:TEGA Technical Analysis - February 5, 2024 📈
Market Overview: 🌐
TEGA Industries, a leader in distribution services and wholesale distributors, has shown significant technical indicators suggesting a bullish 🐂 trend in the National Stock Exchange as of the latest analysis on February 4, 2024.
The last trading price stood at 1186.00 💵.
Technical Indicators: 🛠
EMA & MACD: The Exponential Moving Average and Moving Average Convergence Divergence indicated a buying territory as of February 1, 2024, with a crossover. 📉➡️📈
Parabolic SAR: Continues to indicate a bullish trend. 📈
Fibonacci Levels: Price gained strength from the 0.5 level at 1142.15, closing slightly below the 0.786 level at 1189. 📏
RSI & %R: The Relative Strength Index is in the positive trend, upper band, indicating bullish momentum. 💪
Fisher Transform: Indicates positive territory, supporting the bullish outlook. 📊
Entry & Stop Loss Levels: 🎯
Aggressive Investors: Entry at 1194.70 with a stop loss at the Fibonacci 0.382 level, 1120.70. 🚀🛑
Conservative Investors: Entry at 1224.40 (PO level one) with a stop loss at the Fibonacci 0.5 level, 1142. 🏦🛑
Target Price: 1247.90. 🏦🛑
Market Outlook: 🌤
The broader market positivity supports an uptick for TEGA Industries. The target price, while not explicitly clear, is anticipated to be around 1250 (Target 1) based on current momentum and technical indicators. 🎯📈
Disclaimer: ⚠️
This analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult a financial advisor before making investment decisions. Market conditions are subject to change without notice.
#TEGAIndustries #TechnicalAnalysis #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
GANDHITUBE | Weekly Chart | Rectangle Chart pattern | ATHChart analysis:
Pattern: Rectangle pattern is formed when the consolidation takes place.
Breakout: Rectangle pattern is breakout happened on 24-Jan-2024. Price might comes to 770 for re-test of the BO.
Volume: Spike in volume in BO candle indicating big players are interested.
Trade setup:
Entry price: Between 769.45 and 802.85
Stop loss: Below rectangle pattern i.e., 654.95
Target 1: 957.80
Target 2: 1260.65
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
CMSINFO | Weekly Chart | Ascending triangle patternChart analysis:
Pattern: Ascending triangle pattern is formed when the consolidation takes place. The pattern is formed from more than 6 months candles indicating strong pattern formation and after BO the trend continues.
Pullback: Pullback of last rally is between 0.382 and 0.5 which indicates the momentum is still present.
Volume: Volume dry up happening, confirming the consolidation phase.
Conclusion: Wait for the Ascending triangle BO supported by volume spike.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
GAIL | Monthly Chart | 6 years ATH BO | Basing patternChart analysis:
Pattern: Basing pattern is formed and breakout happened in Dec 2023.
Breakout: Basing pattern is broke the All Time High (ATH) price after 6 years.
Volume: Volume spike is there during BO and the volume is above Moving Average.
Target of BO: 223.2
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades