RELIANCE - Long term analysis (Swing trading opportunity)Potential buying opportunity in Reliance.
Buy - 2341
Stoploss - 2282
Target - 2577
I am just posting my analysis that means i am not recommending to buy or sell to anyone.
Fibonacci
TANLA Bull Flag & Falling WedgeTanla Platforms has shown a reversal around 200EMA and 50% Fibonacci Retracement. It is attempting a Breakout from Falling Wedge and Bull Flag Pattern with high volumes. Enter after Bullish confirmation.
NIFTY 12 DECYesterday couldnot sustain above 20018
Today's opening is improtant:
If open above 20969-20900 and after taking support able to break and sustain above 21018-21025 with 15 minute goood closing, then intraday upside move can be seen to 21096/21106.
If open gap up above 21018-21025 will wait for buying setup if sustain above 21018-21025
Downside support remains 20940-20900,
20827-20830(can act as major support) have to wait for price action for long opportunity ,if price approaches downside to 20827/20830
Gold’s correction complete?
Gold hit an ATH of 2148.9 and the last week was too dramatic for bulls but its time that bulls are gonna gain control and keeping the upcoming data this week(11 dec) gold hit its 50% fib retracement which might act as a strong support and good correction for xau
Also keeping in mind the economic condition of the global economy gold looks strong.
MY PERSONAL VIEW :
This month’s low will not exceed 1935 and for upside there is 2040 in the view
Gujarat Ambuja Cup and Handle formationWatching out pullback to 340 or break of All time high for upmove
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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ETHereumEth is booming after 2150 will it still be bullish?
With the breakout, it is now pushing itself for 2400
Meanwhile, it tested the 2400 and now it's making its way towards the lower support.
A smaller time frame showed the trend change but 1hr and 4hr is still bullish so this chance is to be of buy on dip .
As it has broken down the 0.23 of fib-retracement.
we need another confirmation for bearish which is trendline support. So re-entry would be at 0.5 and 0.6 lvl.
The first target would be 2350. once it breaks that level, we are surely moving towards 2400.
#eth #bitcoin #trendanalysis
mrfstrong breakout on weekly chart
expect support at 107000-101000 areas
with this , dip could be an opportunity to participate in the current trend
MARKET VIEW FOR THE NEXT WEEK....Overall market view for the next week
Nifty , Banknifty
Gold , Silver
Crude , Naturalgas
Copper
Nifty , Banknify look bullish
Gold , silver sideways to bearish
no view on crude
ng look bullish
copper also look bullish
Play on the levels
Positional or Longterm Opportunity in Aarti IndustriesGo Long above 535 for Targets of 652.2, 720.35, and 788.5 with SL 479.95
Reasons to go Long:
1. On a Monthly timeframe the stock gave Trendline breakout (red TL).
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
3. On 0.618 Fibonacci level the stock formed a Double bottom or W pattern.
4. In addition to this the stock took support from trendline (green TL)
3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
Nifty Price Action.As per chart, Nifty has given triangle pattern break out. It was Retested triangle pattern support and successfully bounced from19250. Nifty also break all time high 19995 which is bullish sign for considerable gain now. It may consolidate here and then resume it's upward journey towards 21320 and 23320 soon.
USOIL SHORTUSOIL has two selling zones. we can plan short on either one of them with bearish confirmations. It is also at daily goldenzone.
IRCON: Positive sustainable run upIntroduction:
NSE:IRCON , a leading construction and infrastructure company, is currently trading on the National Stock Exchange (NSE) at INR 58.55 . This technical analysis examines the stock's recent price action and provides a trading recommendation based on key technical indicators.
Technical Analysis:
IRCON is trading near the crucial Fibonacci level of 0.618 , attempting to break upwards. A bullish crossover has been observed in its Exponential Moving Average (EMA) and Moving Average (MA) indicators , suggesting a potential uptrend in the short term.
Additionally, the Parabolic Stop and Reverse (SAR) indicator is also favoring the bulls, which could signify a continuation of the positive price momentum.
Trading Recommendation:
Based on the above technical analysis, we recommend the following trade:
Entry: Buy IRCON at or above INR 58.55 (current market price)
Target 1: INR 61.30
Target 2: INR 64.20
Stop Loss: INR 55.50
Please monitor the stock for a breach of the Fibonacci level upwards before initiating a long position. The stop-loss order at INR 55.50 aims to protect capital against potential price declines.
Disclaimers and Disclosures:
This analysis is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any security. The author is a not a technical analyst and not a registered financial advisor. The opinions expressed herein are solely those of the author and do not represent the opinions of the Premium wealth management firm.
Past performance is not indicative of future results. Investing in securities carries risks, including the risk of loss of principal. Investors should conduct their own due diligence and consult with a professional financial advisor before making any investment decisions.
Disclosure: The author may or may not have any positions in the securities mentioned in this analysis at the time of publication.
🚀Nifty 50 Breaks 21,000: A Historic Leap!🌟What Just Happened?
Nifty 50 soared to a record high, crossing 21,000 today. This isn't just a number – it's a bold statement by the Indian market, reflecting robust economic health and investor confidence.
Behind the Surge : A Snapshot
Economy Speaks : Strong GDP growth and controlled inflation are music to investors' ears.
Foreign Investment Flows : A consistent influx of foreign investments has been a key factor, signaling strong global confidence in the Indian market.
Central Bank's Decisions : The Reserve Bank of India's move to maintain the repo rate at 6.5%, in line with market expectations, has positively influenced the surge. This steady stance on interest rates provides stability for investors.
Upbeat Economic Forecast : The RBI's upward revision of the FY24 GDP forecast to 7% from 6.5% highlights stronger economic prospects, fueling market optimism.
Inflation Projection : Despite retaining the FY24 Consumer Price Index (CPI) inflation forecast at 5.4%, the central bank's confidence in managing inflation aligns with investor interests.
What's your take on Nifty's rally? More room to grow, or are we due for a cooldown? Drop your thoughts, and let's crack this market code together!
Disclaimer : fyers.in
on a support zoneNSE:WIPRO
it has retraced by 61%(which called a sufficient retracement)
looking a good support zone b/w 350 to 390.
can go for a long with strict money management.
it is sustaining on a 200ma
Focus on it🚀🚀🚀🚀🚀🚀After long time of underperforming now this stock is ready for 200 + in coming weeks
Buy on every dips sip is more important things
Invest only blue chips
JB Pharma looks ready low risk high reward tradeentry in zones 1500-1480 stop 1430
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
--------------------------(((((LIKE)))))-------------------------------
A good Short trade could be possible in BTCUSDA possible short trade is possible in BTCUSD.
POI area is 43615 level
INDUSIND BANKHello and welcome to this analysis
Bank appears to be in a lower time frame triangle suggesting the probability of a potential breakout.
Off late has been an underperformer compared to other large private banks in the recent run in the banking sector.
Extreme narrow range 1480-1540, broader range 1350-1775
Good opportunity to buy the dip and / or the breakout for probable decent upside in the medium to long term.
IRCTC : FAILED BREAKDOWN BUY NSE:IRCTC
On the Daily chart it is forming a bear flag and a new upleg has been started after failing the breakdown from the support trendline.
- The blue line shows the major downtrend line and now after its breakout, the price again came to test the breakout zone And reversing from there.
-Closed with good volume around highs
-Trading above 200 EMA
- The swing low formed at the blue line is a 0.618 retracement zone on Fibonacci.
Kindly study the chart and make an informed decision, always trade with stop loss to avoid unnecessary drawdowns.
Trading is a game of probability and you have to treat it like a business and all things apart money management is supreme.
Keep learning,
happy trading
buying setup for nzd/usdits measure trend is up
it gives breakout and it has specific behavioural pattern after breakout
which suggest as follows:
it will retrace back to level of 50% and then it may continues its measure trend
so here is the plan
STILL SOME MOVE REMAINING❓Here is a brief description of what happening and what can happen
Nifty Banknifty
Gold Silver
Crude
Yesterday gold silver view went dot-to-dot
Now we can a good selling pressure in bullions
Will update if there is a chance of entry with a proper sl
Swing - 20% possible - SHRIRAM PROPERTIES LIMITEDSHRIRAM PROPERTIES LIMITED
03/12/2023
CMP - 113, wait for retest and enter in 110 to 113
Target - 117, 120, 132
SL - 98
I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
Swing - 50% possible -Tv18 Broadcast LimitedTv18 Broadcast Limited
03/12/2023
CMP - 48
Target 51, 62, 77
SL - 37
I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
