ARVIND BUYARVIND seems very bullish in near future. trend linebreakout done by the stock. harmonic Bat pattern seems tobe there.
Indianstocks
Possible Swing Trade - Breakout of Resistance - APLAPOLLOAPLAPOLLO- Resistance has been broken & Current trend is Very bullish. but it may have been a false breakout; thus, only intend to buy above 1195.
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INDIABULLS REAL EST forming a cup and handleINDIABULLS REAL EST is giving a breakout by forming a cup and handle pattern and also breaking a trendline that can be bought above 89.
Infy - ShortExpecting a reversal movement across all the IT stocks. There is even the possibility of a gap fill before the crash. But still, a crash is of higher probability in the coming weeks.
Krishana Phoschem LimitedKRISHANA:- Breakout happened with good volume. keep on Radar.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
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Ajay.
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GAIL - ShortA short-term reversal move can be expected due to profit booking. The market has also peaked and there is a chance for the crude price to increase in the coming weeks. This can also affect the stock price adversely.
Oil - LongOil Price is expected to average at around $92 within a few weeks. Then depending on the global cues at that time we can have a much clear idea about whether it is going to rally further or crash.
This is going to affect the profitability of the oil stocks in India and will affect their share price adversely.
www.thebalancemoney.com
ONGC - ShortOil Stocks rallied in the past few days mainly due to the fall in international crude prices. This will in turn increase the profitability of the Oil Companies. But this scenario won't exist for long. The oil price will rise within a few weeks and the domestic oil price will not increase accordingly due to multiple factors like preventing inflation and the upcoming state election in the next year. So the oil companies' profitability will again take a hit and can expect a crash soon.
HCLTECH - ShortExpecting a deeper crash in the stocks and in the whole sector. The market has peaked and there is a potential for profit booking to kick in. The inflation worries have also not faded out. If there are no signs of pivot from the FED as expected, in the coming week then all the gains will reverse.
MAHINDCIE - Stong Resistance Zone (Since 2015) has been brokenBull dominance is still required to avoid a false breakout even though Strong Resistance Zone (since 2015) has been broken. If bulls are unable to push the price further higher, the breakout could be fake.
SASKEN TECHNOLOGIES coming out of base.About:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor , Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc.
Located in India, the company has presence all over the world
Technical Points:
1. Price near Resistance zone.
2. Huge Volume Activity near Resistance Area (9x volume above average)
3. Huge Volume Activity witnessed on 24 & 25th October & 2 sessions in September with Positive Price Action.
4. Relative Strength of Stock has turned positive since 24th October & Sustaining.
5. Stock has formed a good base over 177 sessions or 261 days.
6. Stock's sector CNXIT had been under-performing Nifty since April 2022 but has seen positive price action and now at a base breakout juncture.
7. Once Sector starts its momentum, the stock will fire.
Financial Results:
1. Sales Growth: 19% QoQ & 10% YoY
2. PBT Growth : 120% QoQ & -2% YoY
3. EPS Growth : 140% QoQ & -3% YoY
Comment:
Stock looks like coming out of a base with some good volume activity (which signifies accumulation). If it breaks out of resistance area First immediate resistance is around 29% away & second resistance is 54% away. If IT sector starts outperforming Nifty and come into flavor, this could fire up & give returns much quickly than anticipated.
Disclaimer:
This stock analysis is for study & education purpose only, so one can understand mentality & analytic points behind study to choose a stock for medium to long term investing. This is not a recommendation to buy or sell a security. Learners shall take their decisions on their own discretion.
Swing Trade Oppourtunity in MANAPPURAM FINANCEBUY @ Current Price or After Crossing 113.75 .
SL @ Close Daily candle Below 109.
Target 1 - 119.
Target 2 - 125.
Reason For Trade -
Breakout the resistance of BLUE LINE and then Good pull back and from last few days good wicks formations.
RSA also in favour i.e.above 60 (Bullish).
Please Like.
JK_Cement : Cup and HandleLooks like Cup and Handle Formation in weekly chart on JK cement.
Correct me if Wrong
Happy trading
NIFTY REVERSAL ZONE as per chart 18900-19100 seems a reversal zone...... and reversal expected up-to red line plotted on chart. That could be massive.
Downtrend parallel channel pattern breakout in BALRAMCHIN.BALRAMCHIN
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakout of downtrend parallel channel Pattern.
📊 Strong Bullish Candlestick Form on this timeframe.
📊It can give movement up to the Breakout target of above 330+.
📊Can Go Long in this stock by placing a stop loss below 352-.
📊 breakout this can give risk:reward upto 1:7+.
Rising wedge pattern reversal in LTI.LTI
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Rising wedge Pattern .
📊 It can give movement upto the Reversal target of above 5425+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 6410+
Bank Nifty: Wednesday - 23/11/22Levels:
Support: 42350, 42230, 42100, 41925
Resistance: 42500, 42575, 42620
OI Data:
---------------------------------------------------------------------|
Bank Nifty => Price: 42457.05
ATM: 42500 , ITM: 42400, 42300, 42200 , OTM: 42600, 42700, 42800
---------------------------------------------------------------------|
Highest OI Call in Bank Nifty per OI data: 42500
Highest OI Put in Bank Nifty per IO data: 42500
Nearest Major Resistance in Bank Nifty per OI data: 42900
Nearest Major Support in Bank Nifty per IO data: 42100
---------------------------------------------------------------------|
Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 42600 | 42500 | 42800 | 43000
-----------------------------------------
SELL | < 42350 | 42450 | 42150 | 42000
+++++++++++++++++++++++++++++++++++++++++
TATACHEMlooking for shorts from the level mentioned on the chart itself.. i'm expecting a deep retracement to weekly inefficiency before the next longer term leg up
BALRAMCHIN: BALRAMPUR CHINI MI PRICE Hello,
Welcome to the quick update of BALRAMPUR CHINI MILLS. The company looks good fundamentally and technically and can be taken into consideration for our Portfolio.
It has broken the channel in 4hrs timeframe. As of now, it is trading at around Rs 349 and looks good for mid-term holding for a target of 20%-40%.
ENTRY between 319 to 328
Target: 378, 402, 455, 521
SL: 291
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
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Wagon Wheel is about to complete in Titagarh Wagons Ltd. ?? NSE:TWL
LTP - 174
Multi-Year breakout
Rounding Bottom formation
Good Financials have some cons hope they will cover
Above EMA 200 and taking support of EMA 50 again and again
4Hour Time frame also have multiple time trendline support
ADANIENT - Elliott Wave ViewAdani Enterprises - As per technicals, the stock is likely to complete 5 waves on a larger degree which could result in a trend change in short-medium term.
The prince is taking support at a historical level The prince is taking support at a historical level. Daily chart is indication an RSI reversal.
Please comment with your opinion/analysis as well.
Please take the trade as per your risk apatite. I'm a stock market learner.
MPHASIS - Elliott Wave ViewMPHASIS - The stock may have completed its correction cycle and resume higher now. As long as the correction doesn't extend (price doesn't fall below the previous low), the uptrend should continue in the long term.
