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IDEA

Vodafone IDEA - In good support zone in weekly timeframe🔴DISCLAIMER ***** It's just for an educational purpose, So you must also follow your own technical analysis before taking up the trades ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) Ideal Target and Stop Loss should be minimum 1:2 RRR (Risk reward ratio) After reaching our targets, Book 50% Profits and trail your stop loss to get maximum profits from rest of the 50% in your trade.
NSE:IDEALong
by PrakWorld_Traders
4
SASKEN TECHNOLOGIES coming out of base.About: Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor , Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc. Located in India, the company has presence all over the world Technical Points: 1. Price near Resistance zone. 2. Huge Volume Activity near Resistance Area (9x volume above average) 3. Huge Volume Activity witnessed on 24 & 25th October & 2 sessions in September with Positive Price Action. 4. Relative Strength of Stock has turned positive since 24th October & Sustaining. 5. Stock has formed a good base over 177 sessions or 261 days. 6. Stock's sector CNXIT had been under-performing Nifty since April 2022 but has seen positive price action and now at a base breakout juncture. 7. Once Sector starts its momentum, the stock will fire. Financial Results: 1. Sales Growth: 19% QoQ & 10% YoY 2. PBT Growth : 120% QoQ & -2% YoY 3. EPS Growth : 140% QoQ & -3% YoY Comment: Stock looks like coming out of a base with some good volume activity (which signifies accumulation). If it breaks out of resistance area First immediate resistance is around 29% away & second resistance is 54% away. If IT sector starts outperforming Nifty and come into flavor, this could fire up & give returns much quickly than anticipated. Disclaimer: This stock analysis is for study & education purpose only, so one can understand mentality & analytic points behind study to choose a stock for medium to long term investing. This is not a recommendation to buy or sell a security. Learners shall take their decisions on their own discretion.
NSE:SASKENLong
by AmanSaraf
BANKNIFTY analysisBUY SIDE As recently Bank Nifty made a new high just above its previous high so now it is in the wedge pattern which is looking for the support and near by good support is of 40500. Thus we can go for long in Bank Nifty upto next high level or for a double top pattern..... SELL SIDE As BANK NIFTY rejects from its previous high and continously going toward its supports thus support level of 40500 once breaks can lead to long short position. A small short position can be made once that small trendline breaks thats its following to move upward upto the level of 40500 max and can follow above move. NEUTRAL Bank nifty can stay in the range of 500 points from 40500 to 41000.... also we can see some resistance building above 41000 to 41100 which is rejection level. Once nifty crosses that level then we can see a full-bullishness in the index.
NSE:BANKNIFTY
by SUTHARTRADE
2
ABCAPITAL : Increasing momentumBased on the chart pattern and last couple of movements - we should be able to see 124 will be the next immediate target - if sustains current levels. Few points : 2022-07-18: Crossing 4 week High, Crossing Weekly, and Monthly Pivots Upside. Close is above D-20 SMA but below WK/Month 20SMA. Close crossed D SMA-13 Upside. Normal NR7 - Breakout 2022-07-22: Volume is Monthly HIgh, Trend Changed +ve 2 days Back. Close is above Weekly 20-SMA. The monthly trend is -ve, and the Weekly trend changed to +ve today. Price Crossed Upside Monthly 50-SMA. Also Close crossed Weekly SMA-13 Upside 2022-07-26: ADX is >25 and DI+ is > 33 2022-08-01: ADX is >31 and DI+ is > 37 Close is above 20 SMA on Daily/Weekly time frames. Please add to watchlist.
NSE:ABCAPITALLong
by rvc8280