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.
Ichimokutrainig
Nifty Mid Cap Index Hello and welcome to this analysis
The index has always performed in line with the Nifty except in the brief period of 2018-2020 when it underperformed.
Currently attempting to break above the rising trendline formed in the Monthly time frame with crucial support near 42000 and next resistance near 45000
Check out the outlook of the Nifty Small Cap Index from the link below
Happy Investing
NIFTY SMALL CAP 100 Hello & welcome to this analysis on the index
The index has had a dream run since April of this year.
What lies ahead? Does it continue its outperformance or does it lose its shine and starts seeing profit booking?
Currently at a resistance in higher time frame with support quite far. The Dec quarterly candle and the Jan monthly candle will give clarity for what is to come.
One should avoid fresh aggression at current levels in it and set trail stop loss triggers based on risk appetite at this juncture.
Happy Investing
EURO PANEL PRODUCTS LTDHello and welcome to this analysis
Stock has seen a very strong upmove after a 15 months triangle consolidation.
Next resistance at 250-300 with support coming in at 170-135
Got listed in Dec 2021 so needs some more data in the weekly and monthly time frame for a more clearer perspective.
Happy Investing
Coal India LTDHello & Welcome to this analysis
A Maharatna co has done exceeding well since March lows and particularly in the month of September.
Going forward as long as it sustains above 275 it could continue its rally which next faces a major resistance near 350 in the medium term.
Happy Investing
BIOCONHello & welcome to this analysis
Stock is among the rare few which had a lengthy period of correction which broke the Covid lows.
Its trying to reverse as can be seen in lower time frame but higher time frame still lacks confirmation and is suggesting volatility.
I have explained the levels on both sides which would give a clearer direction of trend.
Hope this helps
Happy Investing
SANGHVI MOVERSHello and welcome to this analysis
Sanghvi Movers has head a tremendous run from 2020 lows with more of a time wise correction than a sideways price correction in 2022.
Currently the stock is at the Ichimoku Price Theory target. Stock has tremendous potential for further upside in the medium to long term
One can look for further strength above 755 or on an accumulation till 575-550 where it has huge support.
All the best investing
HBLPOWER - Ichimoku Breakout StockStock Name - Hbl Power Systems Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 169
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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PFC - Ichimoku BreakoutStock Name - Power Finance Corporation Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 220
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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GODREJCP - Ichimoku Bullish Breakout Stock Name - Godrej Consumer Products Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1052
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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RKFORGE - Ichimoku Bullish Breakout Stock Name - Ramkrishna Forgings Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 311
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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FOODSIN - Ichimoku Bullish Breakout Stock Name - Foods & Inns Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 117
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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INDUSINDBK - Ichimoku Bullish Breakout Stock Name - Indusind Bank Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1150
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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SunTV - Ichimoku Bullish Breakout Stock Name - Sun Tv Network Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 516.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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IGL - Ichimoku Bullish Breakout Stock Name - Indraprastha Gas Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 414
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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INDUSIND BANKHello and welcome to this analysis
Among all large private banks, this one has been an underperformer since October 2021.
In the weekly time frame, Indusind Bank is completing the counter-trend leg of an Ichimoku Y wave.
Ichimoku Y Wave formations are formed in triangle/diagonal formations.
For further upside, it needs to start closing above 1100 on daily basis. Else below 1050, it could resume the downtrend that it started in October 2021.
For the short term, it has support at 1025/975/900
On the other hand, if it manages to sustain above 1100 it would head towards 1150 (minor resistance) and above that 1250
RAMCOSYS - Ichimoku Bullish Breakout Stock Name - Ramco Systems Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible once it's cross 337.
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HAL Ichimoku Bullish Breakout Stock Name - HAL. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness.
More strength will be visible once it will sustain above 1680. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Adani PortsIn monthly time frame every time in the past whenever price has had a big gap with its Kijun the trend has reversed. Once again we are witnessing similar kind of extreme range levels. Since this is monthly it could take its time, a weekly close below 495 would be a trigger for retracement till 425-400