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TVSMOTORReasons for considering a long position on TVS Motor: 1. Price at Support Zone: The daily horizontal support zone indicates a level where demand has historically been strong, which could push the price higher from here. 2. Above 200-Day Moving Average: Trading above this long-term moving average suggests a bullish trend, as it’s a widely-watched indicator of a stock’s overall direction. 3. Positive Relative Strength Against Nifty: Outperforming the Nifty shows that TVS Motor has stronger momentum, a good sign of investor confidence in this stock specifically. 4. Nifty Auto at Support Zone and 200-Day Moving Average: The sector’s overall strength at support, combined with it holding above the 200-day moving average, adds a supportive macro backdrop. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: 1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup. 2. Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:TVSMOTORLong
by AryanDixit
ADANI WILAMR by KRS Charts5th Nov 2024 / 9:22 AM Why AWL ❓❓ 1. Decent Fundamental and Corrected Stock Technically. 2. Even its Correcting since long time, it made HL in monthly Timeframe. Which is good sign.✅ 3. Clearly 5 Wave Correction Structure is finished, One Bounce is expected till 4th Wave height from current price. 4. Upside Movement can be Sluggish it's a swing Entry so. 📈 With a Good R/R more than 1:3 Target will be 509 Rs. with SL of 285 Rs Daily Closing Basis.
NSE:AWLLong
by KRSCharts
LAURUS LAB By KRS ChartsDate: 21st Aug 2024 Time: 9:32 AM Why Laurus Lab? 1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling. 2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞 3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF. Lauras Lab is at better price at this level with Future Targets of 525 and 605. SL would be flexible Weekly Closing Below 100EMA Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
Editors' picks
NSE:LAURUSLABSLong
by KRSCharts
2
The Breakout Retest Play: 5 Stocks to Consider1. Infosys NSE:INFY ● The stock has formed a Rounding Bottom pattern, and after the breakout, it rose significantly, reaching an all-time high near 1,990. ● Currently, the stock is trading slightly above the breakout level following a minor pullback. ➖ Best buy level: 1790 - 1830 2. ITC NSE:ITC ● The stock encountered resistance between the 470 and 480 levels multiple times. ● After breaking through this range, the price surged to an all-time high of 528. ● The price then faced rejection at this peak and has since retreated to the breakout level, where it is now rising again. ➖ Best buy level: 470 - 480 3. Lupin NSE:LUPIN ● The stock achieved a breakout after nearly nine years in August 2024. ● Following an initial upward movement, the stock price pulled back for a retest and is now trending upward once more. ➖ Best buy level: 2000 - 2050 4. Birlasoft NSE:BSOFT ● After breaking out of the Rounding Bottom pattern, the stock price surged to an all-time high of 856 before declining. ●The stock is currently trading at the breakout level, which appears to be a strong support. ➖ Best buy level: 550-560 5. Emami NSE:EMAMILTD ● After a prolonged consolidation, the stock developed an Inverted Head & Shoulder pattern. ● Following the breakout, the price surged to an all-time high of 860 but faced strong rejection from that level. ● The stock is now approaching a retest of the previous breakout level. ➖ Best buy level: 595 - 600
NSE:INFYLong
by GoodluckCapital
M&MThese are compelling reasons to consider a long position on M&M: * Daily Support Level: When a stock holds at a daily support level, it often signals a buying opportunity as it tends to attract buyers, limiting downside risk. * Above 200-Day Moving Average: This is a strong indicator of an uptrend. Trading above the 200-day moving average often suggests positive sentiment and longer-term bullishness. * Relative Strength Against Nifty: Outperforming the broader market, such as Nifty, shows investor confidence in M&M compared to other sectors, suggesting resilience and potential for further upside. * Nifty Auto on Support: Support in the Nifty Auto index can help support M&M’s price movement since positive sentiment across the sector typically benefits individual auto stocks. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: * Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, This adds more reliability to the trade setup. * Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:M_MLong
by AryanDixit
1
Nifty 50's Top Constituents Stand Tall Amidst Uncertainty◉ Abstract The recent decline in the Nifty 50 index can be attributed to several interconnected factors affecting market sentiment. Geopolitical tensions, particularly the conflict in the Middle East, have increased uncertainty and volatility among investors. Additionally, significant foreign institutional investor (FII) outflows, surpassing ₹1,00,000 crore in October 2024, reflect concerns over high valuations in Indian markets compared to more attractive options abroad. Weak earnings reports from Indian companies have further fueled investor anxiety, prompting reassessments of growth sustainability. Overall market sentiment has turned cautious due to uncertainties surrounding upcoming events like the US elections and ongoing geopolitical issues, leading to a broader sell-off. Technical analysis indicates potential support levels between 22,750 and 23,000, while valuation metrics suggest that despite recent declines, many key Nifty stocks remain fairly valued, with caution advised for new investments during this volatile period. Read full analysis . . . ◉ Introduction The recent fall in the Nifty 50 index can be attributed to several key factors that have affected market sentiment and investor behaviour. ● Geopolitical Tensions: The ongoing conflict in the Middle East, particularly the Iran-Israel war, has heightened global uncertainty. This geopolitical instability has led to fears among investors, contributing to market volatility and declines in stock prices ● Foreign Institutional Investor (FII) Outflows: There has been significant selling by foreign institutional investors, with outflows reaching above ₹1,00,000 crore in October 2024. This trend is partly driven by concerns over peak valuations in Indian markets compared to cheaper valuations in other markets, such as China ● Weak Earnings Reports: Recent quarterly earnings from Indian companies have shown weakness, raising concerns about the sustainability of growth. This has led to increased selling pressure as investors reassess their positions in light of disappointing financial performance ● Market Sentiment and Investor Jitters: Uncertainty surrounding upcoming events, such as the US elections and ongoing geopolitical tensions, has made investors cautious. This sentiment is reflected in the broader market sell-off and a lack of confidence in taking long positions during this volatile period ◉ Technical Analysis ● Weekly Chart ➖ The weekly chart indicates a strong upward trend, with the index consistently achieving higher highs and lows. ➖ However, a significant selling pressure from the peak has led to a sharp decline. We expect to find potential support in the range of 22,750 to 23,000. ● Daily Chart ➖ The index has broken through the neckline of the Head & Shoulders pattern. ➖ While there is immediate support around the 23,900 to 24,000 level, we believe the index may struggle to maintain this level and could drop further. ➖ Robust support is anticipated between 22,750 and 23,000. ◉ Valuation Analysis ➖ The Nifty PE Ratio has dropped to 22.5, slightly below its 1-year average of 22.6 and significantly lower than its 5-year average of 25.24. This suggests that the Nifty is currently fairly valued. ➖ However, the recent quarter's lacklustre EPS growth is a concern, exerting downward pressure on the major index. As the major index struggles, it's worth taking a closer look at the key Nifty constituents that carry substantial weightage. 1. HDFC Bank NSE:HDFCBANK Sector - Banking & Financial Services Weightage - 11.34% ● Technical Overview ➖ For nearly three years, the stock has been range-bound, exhibiting stability. ➖ Despite the broader market's downturn, it has shown no reaction, suggesting that its sideways movement is likely to continue. ● Valuation ➖ The stock currently trades at a PE ratio of 19.2, moderately above its 1-year median PE of 17.5. ➖ Notably, the company's earnings performance has shown improvement, with a quarter-over-quarter increase in EPS: June quarter: ₹21.65 September quarter: ₹23.36 2. Reliance Industries NSE:RELIANCE Sector - Oil & Gas Weightage - 8.64% ● Technical Overview ➖ Following a record peak near 3,200, the price retreated and is now approaching its key support level of 2,550. ● Valuation ➖ The current PE ratio of 26.5 indicates undervaluation relative to its 1-year median PE of 28.3. ➖ Earnings growth supports this positive valuation outlook: Current EPS: ₹24.48 Previous quarter EPS: ₹22.37 3. ICICI Bank NSE:ICICIBANK Sector - Banking & Financial Services Weightage - 7.74% ● Technical Overview ➖ The stock has maintained a strong uptrend, demonstrating remarkable resilience amidst recent market downturns. ➖ However, from a technical standpoint, a short-term pullback towards the 1,100 level cannot be ruled out. ● Valuation ➖ The present PE ratio of 18.7 suggests a minor overvaluation when compared to its 1-year median PE of 17.9. ➖ EPS improved significantly from ₹16.62 in June to ₹18.38 in September, indicating a positive trend in the company's financial performance. 4. Infosys NSE:INFY Sector - Information Technology Weightage - 5.83% ● Technical Overview ➖ The stock has successfully broken out of its Rounding Bottom pattern and is now consolidating above the breakout level. ● Valuation ➖ The present PE ratio of 28.7 suggests a minor overvaluation when compared to its 1-year median PE of 26.4. ➖ Earnings growth, although subdued, remains stable: June quarter: ₹15.34 September quarter: ₹15.67 5. ITC NSE:ITC Sector - FMCG Weightage - 4.16% ● Technical Overview ➖ The stock remains in a strong uptrend, consistently forming higher highs and lows. ➖ After reaching an all-time high of 528, the price has pulled back and is now testing its crucial support zone between 460-470. ● Valuation ➖ The present PE ratio of 29.4 suggests a minor overvaluation compared to its 1-year median PE of 27. ➖ Furthermore, the earnings per share (EPS) has declined from the previous quarter, falling from ₹4.08 in June to ₹3.99 in September. 6. Bharti Airtel NSE:BHARTIARTL Sector - Telecom Services Weightage - 3.95% ● Technical Overview ➖ The stock price has experienced a notable rise. ➖ After hitting an all-time high near the 1,780 level, it has corrected and is anticipated to find support along its trendline. ● Valuation ➖ The stock's current PE ratio of 83.5 significantly exceeds its 1-year median PE of 65.3, indicating substantial overvaluation. ➖ Ahead of the upcoming quarterly results, earnings execution is not expected to be robust, potentially leading to a sharp correction in the stock price. ◉ Conclusion Analysis of six pivotal Nifty 50 stocks reveals that, excluding Bharti Airtel, they are fairly valued. With a combined weightage of over 40%, these stocks underpin index stability Given this significant representation, we do not foresee a drastic decline in the index from either a technical or fundamental standpoint. However, the ongoing war may impact global sentiment, influencing market mood. Therefore, we advise caution when considering new buy positions.
NSE:NIFTY
by GoodluckCapital
NUVOCO VISTA CORP by KRS Charts18th October 2024 / 11:20 AM Why NUVOCO ❓ 1. Although Stock was in Down trend, Recent Dow Theory is in Favour as we can see in Chart. 2. Breakout and Retest and most importantly sustaining the level with new HL. 3. Once fake Buy side Entry with Huge volume is spotted ❗ 4. MACD positive crossover and RSI is near 60 All the Bullish Traits will confirming bullish movement is expected soon with breakout ‼️ Target 484 Rs with SL of 320 Rs.
NSE:NUVOCOLong
by KRSCharts
GRSE: Approaching Breakout from Consolidation with Bullish SetupThe stock has been in a strong upward trend, forming a peak on July 5, 2024, followed by a consolidation phase characterized by a lower low, lower high structure. Key Observations: A) Counter Trendline (Green Line): I’ve drawn a counter-trend line representing the main setup to watch. A potential breakout from this line could signal a strong bullish continuation. B) Hidden Parallel Channel (Pink Lines): The stock was previously moving within a hidden parallel channel, with the upper pink line acting as resistance and the lower as support. The stock has now successfully broken above this hidden resistance. C) Sideways Contraction Pattern (White Lines): The stock is also in a sideways contraction, which I've marked with white lines, indicating a narrowing price range. This area is crucial for observing price action as the stock attempts to consolidate before its next move. Current Status: The stock is attempting to break above the green counter trendline (A), which serves as the primary setup for this trade. It has already moved out of the hidden resistance (B) but is still trading below the white lines of the sideways contraction pattern (C), so it remains on the watchlist. Volume remains moderate for now, but I’m waiting for a potential volume spike to confirm the breakout. This is a key moment to watch for a potential entry if momentum and volume align
NSE:GRSELong
by Averoy_Apoorv_Analysis
Gas Sector Gathers Steam: IGL & MGL's Future Open Interest JumpsIGL ● The stock has undergone a consolidation phase, formed an Ascending Triangle pattern. ● Following a breakout, it surged to an all-time high near ₹570 before experiencing a decline. ● Currently, a Rounding Top pattern has emerged, and after a gap down, the price is testing its trendline support. ● Importantly, there has been a notable increase in future open interest of about 25%, indicating that investors are eager to purchase at more favorable price levels. MGL ● After encountering resistance around the ₹1550 level, the stock price dropped to ₹1200. ● From this support level, it made a strong recovery, breaking through resistance to achieve an all-time high close to ₹1990. ● However, selling pressure has led to a pullback to the previous breakout level. ● Like IGL, MGL has also experienced a significant rise in future open interest of approximately 16%. ● This trend suggests that investors are interested in accumulating shares at a lower price.
NSE:IGLLong
by GoodluckCapital
DIVISLAB's Open Interest Jumps 6%: Bullish Sentiment BuildsFollowing a strong upward trend, the stock encountered significant resistance near the 5,300 level, resulting in a steep drop. Afterward, the price found support near the 2,700 mark and managed to bounce back. During this consolidation phase, the stock price has developed a Rounding Bottom pattern. With a clear breakout, the price is now set for an upside rally. A notable increase in future open interest—around 6%—has been recorded for this stock. This rise in both the stock price and future open interest indicates that significant investors hold a positive outlook on this stock.
Editors' picks
NSE:DIVISLABLong
by GoodluckCapital
3