SAKAR HEALTHCARE By KRS Charts13th September 2024 / 9:49 AM
Why SAKAR❓
1. First sign that attract me was SAKAR is in Bullish Trend making HHs and HLs since listed. ⬆️
2. SAKAR is currently reacted to be bullish again from 100 EMA support in 1W TF. also in 1D TF 100 EMA is Just Underneath 👌
3. Fortunately, it reacted to be bullish within that 0.5 to 0.618 fibbo zone. ⚡
4. Bullish Continues Divergence is also supporting SAKAR to be bullish. ✅
SL is Flexible, in 1W TF until closing below 100EMA line.
Target so far I'm expecting is New All Time High point
Goldenretracement
M&M : AnalysisNSE:M_M is trading around 850 revels which is shy above Fib's Golden retracement level. The possibility of Upmove is good as well as consolidating for a few more days, buyer's accumulation will lead to upward momentum.
Market might move up till the demand zone is attained. Another possibility is Breaking down to supply zone. Chances of happening so is thin but possibility is their because of the current market scenario where NSE:NIFTY and NSE:BANKNIFTY both are falling good every day. If NSE:M_M sustains this period then upward momentum will come soon and we can see all-time highs very soon.
The imbalance zone between the rise and fall has been covered up by the market as of now, let's see what it brings on next trading session.
PS: NO analysis is 100% follow your RR and trade with head in the game.
PPS : I'll update as soon as I get into this trade.
SRT Finance : AnalysisNSE:SRTRANSFIN has been consolidating in a wide range since starting of February with good volume support at lower levels. The possibility of breaking out is good as it is testing previous highs multiple times and holding levels near its previous highs.
In addition to all this, it is having Volume support exactly at golden fib retracement levels and previous BOS levels. Even though nifty and bank nifty is falling with good volume SRT holding its higher levels is a good sign.
Soon we can see a good breakout in the SRT finance after buyers accumulation at higher levels. The possibility of following the mentioned path is good. Let's hope for the best what's coming next.
PS: Trade is looking promising then also never underestimate market it has a tendency to shock you to your very core, always risk what you can afford to lose and follow RR ratio, and Trade with your head in place. As always NO analysis is 100% effective all the time.
PPS : I'll you guys as soon as possible.