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Zuari Agro Chemicals Ltd - Looks Good!"Bottom Triangle" chart pattern formed on Zuari Agro Chemicals Ltd ( NSE:ZUARI ). The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. This bullish pattern can be seen on the chart. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:ZUARI
by hardeepssethi
EIH Ltd forms bullish "Continuation Wedge" chart patternA "Continuation Wedge (Bullish)" chart pattern formed on EIH Ltd ( NSE:EIHOTEL ). After a temporary interruption, the prior uptrend is set to continue. This bullish signal indicates that the stock price may rise from the close of 232.20 to the range of 249.00 - 253.00 PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:EIHOTEL
by hardeepssethi
Mahindra & Mahindra : Technical analysisMahindra & Mahindra : 2023 Simply pointing some point to study the Mahindra & Mahindra chart. * M&M in a uptrend, you can see that when a uptrend stock go blow 50 EMA we eventually thing its going down but basically its taking a retracement or finding supports. * In longer term it can give maximum amount of return in short term. 1. Simply in a uptrend zone. 2. Above 50 EMA. 3. bullish for long. 4. Risks & Rewards (2:1) 5. wait for retracement 6. wait & watch. Conclusion: My analysis shows potential strong bullish run. I am not a sebi registered analyst. My studies are for education purposes only.
NSE:M&MLong
by Simplestocks
BHARAT FORGE: CUP&HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 930 and keeping a stop loss of 840 , look for the target of 1000/1100in the coming weeks and months. Buy: CMP Stop loss : 840 Targets: Tgt 1: 1000 Tgt 2: 1100 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:BHARATFORGLong
by TradingSutra
BEML: CUP&HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 2015 and keeping a stop loss of 1675 , look for the target of 2900-3000 in the coming weeks and months. Buy: CMP Stop loss : 1675 Targets: Tgt 1: 2900-3000 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
NSE:BEMLLong
by TradingSutra
2
Nifty 50 Equal Weighted IndexOn a day when major Indian Indices saw major rallies, Nifty 50 Equal Weighted Index grew over 9% in a single session! This shows the true strength of the rally that we witnessed today. In a traditional market capitalization-weighted index, stocks with larger market capitalizations have a more significant impact on the index's performance. In contrast, an equal-weighted index treats all stocks equally, regardless of their market capitalizations. The Nifty 50 Equal Weighted Index gives the same weight to each of the 50 stocks in the Nifty 50. In other words, each stock contributes equally to the index's performance. NSE:NIFTY50EQUALWEIGHT NSE:NIFTY NSE:BANKNIFTY
NSE:NIFTY50EQUALWEIGHTLong
by jatin_agarwal
FINNIFTY | Is this the End of the current downfall?Navigating the Indian Market: A Simple Guide Introduction: The Indian market, including FinNifty, has been going down lately. This is a quick guide for anyone interested in trading, even if you're not a market expert. Market Trends: Think of the market like a rollercoaster. Recently, it's been going down, which can make people worried. But there's a line on the chart from March 2020 that's been like a safety net. If the market stays above that line, things will get better. Short-Term Moves: We can also pay attention and mark this week's low and until it is safe we can try to go long But be careful, and only risk a little money if you decide to jump in early. Big Picture: To go all-in and start making good money, we need to wait for the market to stay above 19665, marked on the chart. That would be a strong signal that the good times are back. In these uncertain times, remember to be cautious but ready to grab opportunities. Success in trading is about finding the right balance between being careful and making your move when the time is right.
NSE:CNXFINANCE
by iamrk7
4
ARVSMART - Symmetrical Continuation Triangle (Bullish)NSE:ARVSMART - DAILY CHART ANALYSIS Pattern found - "Symmetrical Continuation Triangle (Bullish)" A "Symmetrical Continuation Triangle (Bullish)" is a technical chart pattern used in technical analysis to predict potential future price movements in financial markets, particularly in stocks, currencies, commodities, or other assets. This pattern is considered a continuation pattern, implying that it often suggests that the prevailing trend will continue after a period of consolidation. Traders and investors use this pattern to make trading decisions. When a bullish symmetrical triangle pattern forms, it suggests that there is a good chance the asset's price will continue its previous upward trend, and traders may consider buying the asset. However, like all technical patterns, it's essential to remember that they are not foolproof, and traders should use other indicators and risk management strategies to guide their decisions. Always consider the broader market context and use other tools and analysis methods to increase the probability of successful trades or investments.
NSE:ARVSMART
by hardeepssethi
Symmetrical Continuation Triangle (Bullish)A "Symmetrical Continuation Triangle (Bullish)" chart pattern formed on Sutlej Textiles and Industries Ltd ( NSE:SUTLEJTEX ). This bullish signal indicates that the stock price may rise from the close of 59.77 to the range of 69.00 - 72.00. The pattern formed over 36 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis. Tells Me: The price has broken upward out of a consolidation period, suggesting a continuation of the prior uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SUTLEJTEX
by hardeepssethi
Low risk swing trade in #SOLARASeems like Solara Active Pharma has bottomed out. With the recent high volume followed by tight inside candles + inside dojis, this is a picture perfect setup for swing trade. Pharma sector is in an uptrend so can expect #SOLARA to jump the wagon as well. Enter @ CMP Stoploss 322 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:SOLARALong
by nishant_bhatt
VCP development #DHINDIATight VCP can be seen developing in DHINDIA, looks like its setting up for a impulse move now. All the scrips in Capital Goods seem to be in trend. I'll be keeping my position low in this trade. Stoploss 75 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
BSE:DHINDIALong
by nishant_bhatt
LATENTVIEW - THE ART OF WYCKOFF ACCUMULATIONLATENTVIEW is being accumulated by institutions, I have already explained the Wyckoff Accumulation in my previous posts. You can refer my 63MOONS post to study in detail. I have initiated my position @ 383. MY stoploss is 340 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NSE:LATENTVIEWLong
by nishant_bhatt
FAZE THREE LTD - BOTTOM TRIANGLE & BULLISH WEDGE"Bottom Triangle" chart pattern formed on Faze Three Ltd ( NSE:FAZE3Q ). This bullish signal indicates that the stock price may rise from the close of 477.80 to the range of 507.00 - 520.00. The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation and forming bullish wedge. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:FAZE3Q
by hardeepssethi
Bullish Pennant and Double Bottom BreakoutWeekly chart analysis of NSE:LATENTVIEW A bullish pennant has been seen on weekly chart pattern. In technical analysis that usually forms after a strong price movement upward, followed by a brief consolidation period. A double bottom is a bullish chart pattern observed in technical analysis. It usually occurs after a downtrend and signifies a potential reversal in the price of an asset. The pattern resembles the letter "W" and consists of two troughs at approximately the same price level, separated by a peak (the pattern's central point), the same has been marked on chart . Key Points: Continuation Pattern: The bullish pennant is generally considered a continuation pattern. Traders interpret its formation as a temporary pause or consolidation within the broader upward trend before the price is likely to continue moving higher. Breakout: The pattern is confirmed when the price breaks above the upper trendline of the pennant, accompanied by an increase in volume. This breakout signals a potential resumption of the prior uptrend. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:LATENTVIEW
by hardeepssethi