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.
Fibonacci
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
Andhra Petro - Cup & Handle - Fibonacci ToolAndhra Petro is making a cup and handle pattern. A breakout will take the price to 186 as the first target. Other factors:
1. Using the Fibonacci tool, we can see the price has crossed its 50% resistance. Ideally, once price again moves above 38.2% is considered to be an entry point. However, given other factors, an entry can be made.
2. Volumes has increased considerably
3. RSI is above 60 showing bullish momentum
4. MACD is becoming positive
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!
Before 21st June Bank nifty projectionDear Friends,
I would like to share my views and ideas in upcoming days. Currently market taken the support at 48619 (weekly support). In weekly chart market closed above 49293. post analysis of trend and probability market is moving toward 51608 and target is 51698 before 21st June.
TON is tuning up for a potentially bullish performance! 🎶💎 Paradisers, #TON has shown a Change of Character (CHoCH) and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move.
💎 If #TONUSDT breaks above the resistance zone, we can set our sights on targets up to the next resistance levels.
💎 In the case of a pullback, we can expect a bounce from the Breaker Block (With FIB 0.618 level), but we need to be cautious here and consider other market activities and trends.
💎 However, if the price drops below the Breaker Block, it will invalidate the bullish signals and the inverse head and shoulders pattern. In that case, it would be better to wait for more favorable price action to develop.
Reliance will Support Nifty for Upmove?Reliance Industries, a major component of Nifty 50 with more than 10% weightage, is currently trading at 2850, which is the 61.8% FIBO retracement level of the last swing. We might expect a good bounce from this level. However, if this level does not sustain on a closing basis, we might see a fall to 2728, where there is a strong demand/support zone at 2647 - 2728.
The monthly and weekly trends (50 SMA) for Reliance are positive, while the daily trend remains sideways for now.
Watch Reliance closely, as its movement will likely influence Nifty's direction.
Nifty monthly expiry analysis for 30/05/24.Today nifty after a gap down opening has remained in a 100 points range closing 83 points lower.
The daily candle is looking bearish and chance of testing 22580 levels are high, if it starts trading below today's low of 685.
Nifty is trading between the moving averages and 20 ema is around the support zone.
A bullish leg is there in the market and it is the retracement or profit booking before the election results.
On fib levels it can test 38.2% levels. If the levels are breached soon, 580 levels will be tested .
Major support levels :- 22680, 22620
Resistance :- 22800, 22880
Tomorrow is monthly expiry and upcoming week there is election results. Bullish reversal can be a possibility in case of a gap up opening.
Flat to slightly gap down opening there will negative sentiment on intraday.
Wait for the price action near the levels before entering the markets.