Epigral Ltd. at Buy Support. CMP 2158Epigral Ltd. at Buy Support. CMP 2158. Breakout at 2300. Momentum is strong, needs volumes to support the move.
Indianstock
Hindustan Copper: Charting a Fresh Rally After Breakout📈 **Weekly Time Frame Analysis:**
Sharing the weekly chart of Hindustan Copper, a stock that personally appears quite promising. Here's why:
1. Fresh Breakout: Witness a new breakout on the chart, signaling a potential bullish trajectory.
2. Retest at 197: Notably, the price (197) has been retested in the daily time frame, adding to the positive outlook.
Key Observations:
- Persistent Resistance: The stock had long-standing resistance from a trend line, which was convincingly broken in Feb 2021.
- Rally and Retest: Following the breakout, a substantial rally ensued, and the stock retraced to touch the trend line, confirming it as a retest.
Anticipating a New Rally:
Given these patterns, the stock seems poised for another potential rally. What are your thoughts?
#ABFRL STRONG BUYABFRL Scalling up. After making Higher High, after Forming a Base made a Trend Continuation Pattern.
Trend and Targets are Intact.
Maintain your proper Sl
Technical Analysis for Bank Nifty Tomorrow**Technical Analysis for Bank Nifty Tomorrow**
**Support and Resistance Levels**
* **Support:** 44500, 44400
* **Resistance:** 44700, 44800, 45000
**Option Open Interest**
* **Support:** 44500 Put Writer is huge as compared to CE Writer
* **Resistance:** 44700/44800 and 45000
**Overall Outlook**
The Bank Nifty is expected to move bullish tomorrow. However, it is important to note that there are strong resistance levels at 44700, 44800, and 45000. If the Bank Nifty is unable to break through these levels, it could face selling pressure.
**Key Points**
* The Bank Nifty is in a sideways trend today, with no major buying or selling movement.
* 44900 is a strong resistance level on the upside, while 44400 is a strong support level on the downside.
* The option open interest suggests that there is strong support at 44500 and strong resistance at 44700/44800 and 45000.
* The overall outlook for the Bank Nifty tomorrow is bullish. However, it is important to note that there are strong resistance levels at 44700, 44800, and 45000.
**Trading Strategy**
Traders can go long on the Bank Nifty if it breaks through the 44900 resistance level. However, they should place a stop loss below the 44500 support level. Traders can also go short on the Bank Nifty if it falls below the 44400 support level. However, they should place a stop loss above the 44900 resistance level.
**Disclaimer**
This is not a financial advice. Please do your own research before making any trading decisions.
Persistent Systems in an accumulation phase or will it dip againPersistent Systems have been trading in a broad range for the last few months. It has tested the bottom range thrice and now the prices are hovering near the upper range where we can also spot an accumulation and a confluence of the upper range and another resistance trendline.
As for the bearish section, there is a confluence of 200 EMA and the support trendline, but as for the performance of the sector, my personal belief is that the stock might show us a good rally anytime now.
Trade with due diligence.
Triangle breakout in GNFCIf we look at the daily timeframe for GNFC , we can clearly see there is a triangle breakout with good volumes. The breakout has come almost after 4 months of consolidation inside the triangle. After the breakout, there has been a small consolidation which is really healthy for the stock. At any given day, the stock can gain momentum and rise now. It is also near to the psychological level of Rs 500. Once the stock gives closing above Rs 500 in the daily candle closing, we can see a good move. We can easily aim for 5% - 10% returns from the stock.
Do like it :) It will motivate me to write more
Channel Breakout in HEMIPROPLooking at the chart in daily timeframe for Hemisphere Properties, we can clearly see there is a breakout from the channel pattern after almost a year of consolidation. The upper trend line of the channel has been broken with absolutely huge volume. We can see a small consolidation after the breakout which is a healthy sign for the stock to move upwards. If the momentum continues, it can easily give double digit returns to the investors.
You will also find many other stocks ideas in my profile! Do like it :) It will motivate me to write more
Triangle Breakout In BrigadeLooking at the daily timeframe for Brigade Enterprises, we can clearly see a triangle breakout after 4 months of consolidation. Currently it has broken the upper trend line of the triangle. If we see, the breakout candle was a bearish doji candle but the next 2 candles have confirmed the breakout. The current closing is at Rs 517 which can be considered for buying. It is also near it's all time high. We might be seeing a price discovery from the next few candles. A very high probability of 5% to 10% push in price is possible.
Do like it :) It will motivate me to write more
Triangle Breakout in AsterDm HealthcareIf we see the daily timeframe for Aster DM healthcare, it is clear that the stock has given a breakout after 5 months of consolidation inside the triangle pattern. Currently it has broken the upper trend line with good volumes. It is also near to the psychological level of Rs 200. If it breaks Rs 200 with good volumes and gives a candle closing above it, we might see a aggressive buying in this stock. With the current momentum, we can definitely look out for 5%-10% gain from this stock in the short term.
Do like it :) It will motivate me to write more
Triangle breakout in Gujarat AlkaliesIf we see the char in daily timeframe for Gujarat Alkalies, we can see a triangle breakout with rise in volume. The upper trend line in the triangle has been broken. The momentum has been very good from the past 2 candles. If the bulls support the momentum, it can easily give us more than 5% returns in the short term. This breakout might also lead to All Time High. But we can't predict anything.
Do like it :) It will motivate me to write more
SBIN selling sideHello guys i had find this setup in 1h timeframe which is made some bearish pattern and also broken trendline and made some bearish consolidation pattern we have a great selling opportunity with above swing high sl and below trendline tg and plzz do your own analysis before taking any trade if you like my analysis plzz like share and follow thank you
techm selling sideHello guys i had find this selling setup in 4h timeframe which is at good resistance area and we have a good high risk to reward setup we can sell from here with the sl at above resistance and below channel tg also plzz do your own analysis before taking any trade if you like my analysis plzz like share and follow thank you
Cipla on selling sideHello guys i had find this swing setup in 1D timeframe which made double top and also broken trendline with broken market structure we can short from here with above swing high sl and 1:2 RR tg also plzz do your own analysis before any trade also if you like my analysis plzz like share and follow thank you
Buying side khadimHello guys i had find this positional trade in 1W timeframe which made a very good buying setup and in bullish trend we can buy when it come to retest don't hurry to buy from here we will buy on retracement in weekly timeframe i will update you about this script in coming days also before taking any action on my chart do your own analysis if you like my analysis do like follow share thank you
Sell side sunpharma Hello guys i had find this setup which is made a upper channel resistant and made consolidation pattern and broken we are getting a good selling opportunity with above sl and tg 1:2:3 and plzz before taking any trade do your own analysis also if you like my analysis do share like and follow
Easy money in RaymondShort sell with levels mentioned and trail half quantity on hitting 1st target
REASON- Macd divergence + rejection at supply zones
If you like my ideas, reach me out on my twitter handle @Harsh_3700
NMDC- INTRA DAY STRATEGY USING SWING POINTS!Marked swing Points, trend lines and Fibonacci level can be used for trading along with some momentum indicators.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S: This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
Nifty standing at crucial support linesNifty is currently standing at a junction of 2 crucial support trendlines. If this support is breached, there is going to be a total carnage on the Dalal Street with Nifty heading towards 9500 to 9900 levels in 2 months time frame. Every bounce back is a chance for the investors to exit for a cautious move.
JK Tyres Broke ResistanceToday JKTYRE confirmed resistance break. MACD is supporting break most likely upside will start from here. Enjoy
Arvind Potential Short Setup!!Arvind is giving a potential short setup on daily chart with Wave B up move completing at 61.8% fib levels and Wave C correction starting now going around the targets of 300.
