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BULLISH on ASAHIINDIANSE:ASAHIINDIA ASAHIINDIA has given a breakout and has made a 52 week high after 6 months of correction. The volume is also high on the breakout. The MACD has also given a bullish signal. The price is trading above the moving averages which shows bullishness. The RSI is also trading above 50 which shows good momentum. This view is for long term as the price is given all time high breakout. You can also invest in this stock and i will update when to exit. The SL level is around 550 levels. Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:ASAHIINDIALong
by Kunal-Battu
Ascending Triangle Pattern in ABB IndiaNSE:ABB This stock is the perfect example of the ascending triangle pattern. The upper trendline is a horizontal trendline and the lower trendline joins the higher lows. Then the stock breaks from the triangle with volume. The MACD was also bullish and RSI was above 50 showing good momentum. This Pattern is usually considered a bullish pattern. The stock then rallied after the breakout.\ Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:ABB
by Kunal-Battu
Expecting a small correction in the AUTO SECTORNSE:CNXAUTO I am expecting a small correction in the Auto sector. It is because the price is facing resistance on the upper trendline. The MACD indicator is showing a small divergence as the MACD Line didn't went up when the price went up and giving random crossovers. It is moving in a range but the prices went up in past one month. The same is with the RSI, there is also a small divergence as the RSI is moving in a range and didn't went up with the prices in the past one month indicating loosing momentum. I am expecting the prices to correct and test its 50 EMA levels and extremely it could test the lower Trendline. But not expecting a Bear trend or a trend reversal, as the Sector has outperformed NIFTY 50 for the last 1 year. It is a good time to book partial profits and re enter at lower levels. Disclaimer : It is my own view and analysis. It is for educational purposes and not any type of Recommendation, call or a tip.
NSE:CNXAUTOShort
by Kunal-Battu
3
BEARISHNESS in JUSTDAIL (Positional)NSE:JUSTDIAL Justdial stock is looking bearish to me. The stock price has breakdown from the Trendline. This price is trading below the moving averages which shows bearishness. The MACD has given a bearish signal. The RSI is also below 50 which show weakness. This view is for 1 to 3 months. The SL Level for this stock is around 615 level, and the Target is around 495 levels. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:JUSTDIALShort
by Kunal-Battu
BEARISHNESS in KAVERI SEEDNSE:KSCL The prices have given breakdown from the Head and Shoulder pattern in weekly timeframe. The stock is underperforming the NIFTY from 2Y which shows weakness and bearishness. The MACD indicator is bearish. The RSI is under 50 which shows weakness. The SL is around 520 levels and the target is around 340 levels. This view is for 1 to 6 months. Disclaimer : This is my own view and analysis. This for educational purposes. This is not a recommendation, call or a tip.
NSE:KSCLShort
by Kunal-Battu
Expecting a downside in Grasim (Positional)NSE:GRASIM I am expecting a downside in Grasim, because the price is facing resistance near the trendline, and the trendline has not been tested multiple times so it is a strong trendline. The MACD indicator is giving a sell crossover. The RSI is also moving down indicating a falling bullish momentum. So because the confluence of the technical indicators I am expecting a downside move in GRASIM. The SL an Targets are shown in the Chart. Disclaimer : This is my own views and Analysis. This is only for educational purposes. It is not a recommendation, call or a tip.
NSE:GRASIMShort
by Kunal-Battu
BULLISH on ELGIEQUIP (Positional)NSE:ELGIEQUIP There is Cup and Handle pattern in this stock. The has already given the breakout and is sustaining above the support level. The prices are trading above the Moving averages which shows Bullishness. The RSI is above 50 which shows good momentum. There is also a good volume in the past trading sessions. The Target here is 683 level which the depth of the Cup and the SL is 350 level which is depth of the handle. It is my positional view from 1 month to 6 months. Disclaimer : This is own view and analysis. This is for educational purposes. This not a recommendation, call or a Tip.
NSE:ELGIEQUIPLong
by Kunal-Battu
BULLISH on SBINNSE:SBIN The prices have given the breakout from the flag pattern on the 4 hour charts. Previously the stock gave the breakout from a triangle pattern and after that now made a flag and gave a breakout. The prices are above the moving averages which shows bullishness. The MACD has turned bullish. The RSI is above 50 which shows good momentum. The view is for upto 2 months duration. The Target and SL is on the charts. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
NSE:SBINLong
by Kunal-Battu
BULLISH on Deepak Nitrite (Positional)NSE:DEEPAKNTR According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum. SL : 1948.20 Target 1 : 2456.40 Target 2 : 2625.80 Disclaimer : This is my views and analysis, it is only for educational purposes. It is not a recommendation, call or a tip.
NSE:DEEPAKNTRLong
by Kunal-Battu
BULLISH on PNCINFRANSE:PNCINFRA The price has given the breakout from the channel pattern. The MACD is also bullish. The RSI is above 50 which shows good momentum. The Price has crossed from 200 DMA, and also trading above the moving averages which shows bullishness. This view is for Short term Investment i.e. upto 1 year. The SL is around 245 levels and Target is around 375 and after this target is achieved, then i will update my position. Disclaimer : This is my own view and analysis. This is for educational analysis. This is not a recommendation, call or a tip.
NSE:PNCINFRALong
by Kunal-Battu
BULLISH on NCC (Investing)NSE:NCC I am finding NCC bullish for short term to medium term Investment purpose. On the weekly timeframe it has breakout from the trendline. The Price is above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 6 months to 1 year. The Target 1 is near 100 level, after that we will review what to go next. The SL level is near 58 level. Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a Tip.
NSE:NCCLong
by Kunal-Battu
BULLISH on NIFTY 50 IndexNSE:NIFTY I am Bullish on Nifty 50 Index for long term, as on the weekly timeframe, it has given the breakout of the downward sloping Trendline. The price is trading above the Moving Averages which shows bullishness. The MACD indicator has given a bullish crossover. The RSI indicator is above 50 indicating a good momentum. The price is just 3.5% down from all time high. In short term, the prices can face resistance near the ATH but i don't see any Reversal from there. It could be a small correction as the prices have rallied almost 18% from the June lows in a straight line. But my Long term view remains Bullish because of the confluence of technical indicators and price action. To find the targets i have use Fibonacci Retracements. The 1st Target comes is near 21000 levels which is 17% from CMP, and the 2nd Target comes is near 25800 which is 44% from CMP. My view is for 1-2 years provided that all the Macro economic conditions and Indian Economic Conditions remain more or less same and consistant. And major and drastic changes does not happen. Fundamentally I am Bullish on India's Growth. I find it a good time to start Investing in Nifty 50 ETFs or invest in a lumpsum amount apart from current going SIPs and take advantage of the momentum. Disclaimer : This is my own view and analysis, It is not a recommendation, call or any kind of tip. This is for educational purposes. Do your own Analysis before Investing.
NSE:NIFTYLong
by Kunal-Battu
6
NIFTY for tomorrow (27th July) - Important levelAs per our price-action study of the NSE:NIFTY in Daily chart yesterday (26th July), we though Nifty can potentially retrace back upto the channel's middle band. And today's Low is exactly the middle channel. And the candle is sort of Marubozo candle. So naturally there are two possibilities: 1. The price can trace down upto the lower band of the channel. 2. The price can pull back upto the higher band of the channel. The direction would definitely be driven by the global cues, specially as there is the Big Ticket event of Fed Rate hike decision (tomorrow late night).
NSE:NIFTY
by pradipandsuvra