Sterlite Technology Touching Multi year Support zone.Sterlite Technology is to be kept on radar now. Goldman Sachs & LIC are holding the equity. MF have also increased the holdings. Since Jan 2024 the stock has witnessed increased delivery %.
Accumulate at current level of 119
SL 118
Consult your financial advisor before investing, this is for educational purpose only.
Fundamental Analysis
Invest Anuras Rasayan 45% already Reduced. Cheap price BUYPromoter holding 60% that means company is healthy and market capital also good.
already 45% reduced from all time high 1230 .
we may invest and hold upto 60%. 30% expected.
Buy/Entry 1 - 670
Buy/Entry 2 - 620
Sell/Exit 1 - 880
Sell/Exit 2 - 1060
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in VISHNU
BUY TODAY SELL TOMORROW for 5%
Medanta - Looking solid - expecting a 70% jump Medanta is looking strong to move up by 70%. Other factors:
1. New Hospitals in Mumbai & Noida region
2. Beds capacity to be increased by 83% in next 2-3 years
3. Venturing into guest house / service apartments for providing seamless services to foreign nationals
4. Best TTM results
5. Debt has bee reduced
6. It is on a toward channel so a good value buy. A breakout will take it to heights.
Keep following @cleaneasycharts for more such stocks & analysis as we provide Right Stock at Right Time at Right Price !!
Cheers!!
EURUSD bounces back from year-long support ahead of EU/US PMIEURUSD records its first daily gain in four, bouncing back from the lowest level since July 3, as traders eagerly await the preliminary readings of October's PMIs for the Eurozone and the US. The Euro pair’s movement aligns with overbought RSI conditions while it turns from an upward support line established in early October 2023.
Sellers remain in control
Despite an oversold RSI (14) supporting EURUSD's bounce from key support, bearish MACD signals and trading below the 200-SMA keep sellers optimistic. The downside bias is further strengthened by more dovish expectations from the European Central Bank (ECB) compared to the US Federal Reserve (Fed).
Key technical levels to watch
The multi-month support line around 1.0765 is crucial for EURUSD. A clear break below this level could expose the pair to a decline toward February and June 2024 lows, near 1.0700 and 1.0680, respectively. However, if the RSI conditions hold, Euro bears may face challenges around 1.0680. If not, the yearly low marked in April around 1.0600 will be the last line of defense for buyers before the pair heads toward the late 2023 bottom around 1.0450.
Alternatively, a rebound for EURUSD seems unlikely while trading below the 200-SMA at 1.0870. That said, the immediate upside is protected by the 50% Fibonacci level from the pair's rise between October 2023 and September 2024, located around 1.0830. Additionally, the 38.2% Fibonacci level and an 11-week-old support line near 1.0920 and 1.1000 will be tough obstacles for bulls to overcome if they break past 1.0830.
Further recovery looks challenging
While some technical signals indicate that sellers may be losing momentum, several technical and fundamental factors suggest buyers are not yet ready to step in. The EURUSD's corrective bounce could continue with strong EU data and weak US statistics. However, if the US Dollar sees a positive surprise, the likelihood of further downside for the pair remains high.
Bank nifty trades and targets - 24/10/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in blue are previous resistance and support so book profits at these zones. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
Nifty expiry trades and targets for - 24/10/24Hello Everyone. The market was in a bullish/bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
EURUSD - POSITIONAL TRADE FOR HUGE PROFITSymbol - EURUSD
EURUSD is currently trading at 1.11900
My short setup has formed in EURUSD & I'm seeing a trading opportunity on sell side.
Shorting EURUSD pair at CMP 1.11900
I will be adding more position if 1.12300 comes & will hold with SL 1.12850
Targets I'm expecting are 1.10200 - 1.09150 - 1.07700
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Ethereum 1D Technical Analysis & Commentary - Ethereum is currently trading at 2614$
- Ethereum got exactly rejected from the same point of interest where it showed us a bearish rally from
- Ethereum has the last FVG left around 2500-2550$ and once that is filled, I anticipate the huge demand side Imbalance to get filled.
- We have a huge imbalance from 3600$ where we saw Ethereum flat falling from, that will soon be covered once we see a weekly close above 2800$
- Study Price Behaviour and Price Action as of now, for spot buyers ethereum under 2700$ is a gift and you shouldn't miss that
- Spot Accumulation Zones: 2400-2580$
- Once ETH/BTC turns bullish you will see ETH and its whole ecosystem flying
- Till then hold it and you will soon see this moving impulsively, always manage risk.
Bitcoin 1D Technical Analysis & Commentary - Bitcoin is currently trading at 66,855
- Bitcoin purged above 69,000$ for the first time after 3months
- Now let's talk about the Price Behaviour of Bitcoin, if you look at the daily chart of Bitcoin you see the Highs are making higher highs and the lows are also making higher lows
- Market Structure has so far remained bullish
- The market structure will shift to bearish once we see Bitcoin trading below 58,805 on a weekly timeframe
- I see a couple of Fair Value Gaps around 63,462,64,000$ and 60,771-61,806$
- Imo these FVGs can soon get filled and according to the data buyers carry a lot of interest around 65,000$
- So what does this unfold? Bitcoin can make a quick wick followed by a sudden dump consume all limit buys and liquidate all late longs post that show us an expansionary move by filling the gaps and making a new high this time.
- For Spot buyers you should be focusing on 61-65k that zone will be good to accumulate alts majors or any other coin you want
USDJPY crosses 200-SMA to refresh 12-week high, focus on 152.00USDJPY has reached its highest point since July 31, rising for the third straight day after breaking the 200-day Simple Moving Average (SMA) early Wednesday. However, a seven-month-old resistance zone around 151.85-152.00 limits further gains of the Yen pair.
Bulls need a strong push
The US Dollar’s strength and bullish MACD signals keep buyers hopeful. Yet, overbought RSI conditions and tough resistance mean a significant boost is necessary for further upward movement. Without this, the pair could quickly drop below the 200-SMA, leading to short-term selling.
Key technical levels to watch
In addition to the 200-SMA support at 151.35 and the resistance zone around 151.85-152.00, several important technical levels are crucial for USDJPY traders.
The 50% Fibonacci level near 150.80 will attract sellers if the price drops below the 200-SMA, along with the key threshold at 150.00. A drop to around 149.40 is possible if sellers gain control, and if the price falls past this level, September’s high of 147.20 and the 23.6% Fibonacci level at 144.85 will come into focus.
On the upside, a close above 152.00 could encourage buyers to target the 61.8% Fibonacci level, or Golden Ratio, near 153.40. If momentum continues, potential targets may include June’s low of 154.55 and the 78.6% level at 157.20.
Decisive move ahead…
While buyers seem in control, the struggle to surpass key resistance amid overbought conditions and upcoming PMI data could lead to a necessary pullback. Traders should proceed with caution as the next moves in USDJPY will be crucial.
EURUSD potetial BUY opportunityClosing price currently trade at 1.07978 a buy opportunity is envisaged from the current market price as we may continue to see price go up. Our Buy target TP1 is 1.08971 , TP2 is 1.09947. stop loss at 1.07714.
we can see a 50% retracement may come in upcoming days and now again after touching a long waited order block as mention in chart.
It's a good 1:72 RR trade.
I hope you will like my explanation.
it's just my analysis and you guys trade after your analysis.
Midcap nifty select trades and targets - 23/10/24Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
Bank nifty expiry trades and targets - 23/10/24Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 70 points as we are getting very few trending moves.
Nifty trades and targets for - 23/10/24Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.