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BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA. The up move may continue with a slight doji-like candle. 134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive. You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards. LEVELS -Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity. -We are aiming for targets of 150, 158, and 170; short to semi-long term respectively. -If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125. Happy Trading :)
NSE:UNIONBANKLong
by rohix
Get ready for a price surge with Dr Reddy & TTK Prestige!DRREDDY After the market crash in March 2020, the stock began a steady upward movement and formed a Bullish Pennant pattern. After breaking out, the price surged and encountered resistance multiple times near the 5,550 level. Consequently, the stock price experienced a significant drop and entered a prolonged consolidation phase. During this phase, an Inverted Head & Shoulders pattern emerged on the chart. Most recently, a breakout has occurred, causing the stock to move higher. TTKPRESTIG The stock price has developed a Head & Shoulder pattern on the weekly chart. After the pattern breakdown, the price underwent a significant consolidation period and created a Double Bottom pattern, suggesting a potential reversal in the trend. By breaking above the pattern's neckline, the price is now moving upwards with a substantial potential for gains.
NSE:DRREDDYLong
by GoodluckCapital
Long Position in Ramco CementLooking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB. A strong displacement to the upside creating a OB in the W timeframe - unmitigated. Gap at the top acting as a magnet for price to move into. Very clean CoCH and BOS giving confirmation of the move up into higher levels. A great entry be entry in the GOLDEN level of price retracement - 60% fibs Levels are in confluence with the W +OB. Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)
NSE:RAMCOCEMLong
by Vishal_kudva
Historical Uptrend in Nifty since 2006Being curious enough to check whether NSE:NIFTY has already run up quite-a-bit recently such that it's a time to pack the backpack and take out everything from market, we looked into the Monthly timeframe of NSE:NIFTY from 2006, roughly last 18 years. That's a good amount of time, being considering how short-lived our memories are :sic: See the chart here. We marked out the various Falls NSE:NIFTY has encountered during last 18 years. The major lows have been marked in the chart as follows: 2007 Sublime Crisis & Lehman Brothers' collape 2016 Indian Banks NPA risen and the Demonitization/Note bandi related panic The Pandemic Crash The Monitory hawkishness across the globes' central banks and Rate hikes The USA Banking mini crisis (SVB failure. As our memories are shortlived, so mention more in the recent past (since 2020 March) than older ones. (Of course, for the brevity did not mention a few like Russia/Ukraine). Now a few observations to be pointed below: Other than March 2020 Pandemic, never the upward trending trendline is broken since last 18 years. Pandemic was a lifetime/never-before experience of mankind. Whole human civilization had not experienced it ever (neither it should experience also in future ever, God forbid). Even that bottom (marked as red circle in the chart) was short lived. Within 2 quarters it's regained mostly. The initial trendline from 2007 to 2020 was mostly 30-degree positive slope. Whereas Post pandemic the uptrend is near 60-degree slope. Even in this high paced upmove, the trendline was never violated even for a single month! Now keeping this in mind and looking at the current India story , it is highly unlikely that we will see a downfall in the mainline broader Indian market (Nifty, Sensex etc.) at all. May be, at most, the positive slope may decelerate from 60 degree to 45 degree or so one. But we are in a structural Bullish phase in Indian market and there is absolutely no price-action indicates in chart it's going to change any soon. Recommendation We marked various levels in the chart in purple colors, tagging the levels (21800, 20000, 18800, 16500 etc.) Any time, if ever Nifty falls to these levels. at least the chart does tell us to accumulate Nifty. Every significant dip in Nifty to be bought in. Neat/Clean/Clear indication in the chart's price action.
NSE:NIFTYLong
by pradipandsuvra
HCL TECH - SWING TRADE ON LONG SIDESymbol - HCLTECH HCL Tech is currently trading at 1360 1300 - 1360 is a good support area for HCL Technologies Ltd. I'm seeing a trading opportunity on buy side. Buying HCL Tech Futures at CMP 1360 I will be adding more if 1330 comes & hold with SL of 1295 Targets I'm expecting are 1440 - 1485 & beyond. 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!
NSE:HCLTECHLong
by akshit_official
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