Indianstocks
Ascending Triangle Pattern in ABB IndiaNSE:ABB
This stock is the perfect example of the ascending triangle pattern. The upper trendline is a horizontal trendline and the lower trendline joins the higher lows. Then the stock breaks from the triangle with volume. The MACD was also bullish and RSI was above 50 showing good momentum. This Pattern is usually considered a bullish pattern. The stock then rallied after the breakout.\
Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
BEARISHNESS in JUSTDAIL (Positional)NSE:JUSTDIAL
Justdial stock is looking bearish to me. The stock price has breakdown from the Trendline. This price is trading below the moving averages which shows bearishness. The MACD has given a bearish signal. The RSI is also below 50 which show weakness. This view is for 1 to 3 months. The SL Level for this stock is around 615 level, and the Target is around 495 levels.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BEARISHNESS in KAVERI SEEDNSE:KSCL
The prices have given breakdown from the Head and Shoulder pattern in weekly timeframe. The stock is underperforming the NIFTY from 2Y which shows weakness and bearishness. The MACD indicator is bearish. The RSI is under 50 which shows weakness. The SL is around 520 levels and the target is around 340 levels. This view is for 1 to 6 months.
Disclaimer : This is my own view and analysis. This for educational purposes. This is not a recommendation, call or a tip.
Hathway is on the way upside by nowPost covid sessions are testing the lower circuit which support hits, movement towards decline over the period of time. Presently on the move from August to January pathway and next August its good way long term upside. Greens are target line up, purple box is good buying spot before earnings date. As well as Yellows are previous testing catalogs.
Expecting a downside in Grasim (Positional)NSE:GRASIM
I am expecting a downside in Grasim, because the price is facing resistance near the trendline, and the trendline has not been tested multiple times so it is a strong trendline. The MACD indicator is giving a sell crossover. The RSI is also moving down indicating a falling bullish momentum. So because the confluence of the technical indicators I am expecting a downside move in GRASIM. The SL an Targets are shown in the Chart.
Disclaimer : This is my own views and Analysis. This is only for educational purposes. It is not a recommendation, call or a tip.
BULLISH on ELGIEQUIP (Positional)NSE:ELGIEQUIP
There is Cup and Handle pattern in this stock. The has already given the breakout and is sustaining above the support level. The prices are trading above the Moving averages which shows Bullishness. The RSI is above 50 which shows good momentum. There is also a good volume in the past trading sessions. The Target here is 683 level which the depth of the Cup and the SL is 350 level which is depth of the handle. It is my positional view from 1 month to 6 months.
Disclaimer : This is own view and analysis. This is for educational purposes. This not a recommendation, call or a Tip.
BULLISH on SBINNSE:SBIN
The prices have given the breakout from the flag pattern on the 4 hour charts. Previously the stock gave the breakout from a triangle pattern and after that now made a flag and gave a breakout. The prices are above the moving averages which shows bullishness. The MACD has turned bullish. The RSI is above 50 which shows good momentum. The view is for upto 2 months duration. The Target and SL is on the charts.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a tip.
BULLISH on Deepak Nitrite (Positional)NSE:DEEPAKNTR
According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum.
SL : 1948.20
Target 1 : 2456.40
Target 2 : 2625.80
Disclaimer : This is my views and analysis, it is only for educational purposes. It is not a recommendation, call or a tip.
Redington: In Bulls gripRedington:
1. There is a fundamental news that Apple decides to pursue the iPhone manufacturing out of India, I think this news came in morning.
2. After that the prices tried to get a clear breakout, but it just closes at the level of 61.8% Fib at 152.75 (the big wick).
3. The current closing is a fews days of consolidation, breaks above 150 level decisively.
4. It's clearly in wave-3 (2nd impulsive wave) of Elliot Wave.
Long can be done above 153 with a SL of 145, targets: 164/173/178.
Even this can be hold for longer term, if one wishes so.
It has a very low PE (PE of 8) with a good dividend yield and PB is at less than 2.
BULLISH on PNCINFRANSE:PNCINFRA
The price has given the breakout from the channel pattern. The MACD is also bullish. The RSI is above 50 which shows good momentum. The Price has crossed from 200 DMA, and also trading above the moving averages which shows bullishness. This view is for Short term Investment i.e. upto 1 year. The SL is around 245 levels and Target is around 375 and after this target is achieved, then i will update my position.
Disclaimer : This is my own view and analysis. This is for educational analysis. This is not a recommendation, call or a tip.
BULLISH on NCC (Investing)NSE:NCC
I am finding NCC bullish for short term to medium term Investment purpose. On the weekly timeframe it has breakout from the trendline. The Price is above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 6 months to 1 year. The Target 1 is near 100 level, after that we will review what to go next. The SL level is near 58 level.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a Tip.
Ambuja Cement : An interesting possibility of cup-handle patternI am seeing an interesting possibility in NSE:AMBUJACEM .
The price-action has the following characteristics:
It's creating an ascending triangle pattern over weeks - bullish
A very long rounding-bottom/saucer pattern formation is completed.
It's near to the price breakout.
Volumes, Cumulative Open interest long buildups all are fine. No issue: Bullish indication
Now I can postulate two possibilities:
If price stays above the horizontal trendline at CMP decisively, the possible higher range breakout is done and its clearly going to go up (shown by a slanting up arrow)
There is a possibility price will retrace back at the ascending line of the ascending triangle then it will come upto the hand-drawn circle in the chart.
Then we need to see if its able to create a Cup-and-Handle pattern from the saucer pattern and get a nice breakout later on.
Which I am applying an interesting Time Series prediction algo (ECHO by LuxAlgo) with cumulative predictive method - I am seeing it's going to be a Cup-and-Handle and then a breakout towards Dussera timeframe. (I know people will laugh at me ... I am just seeing it in the chart by predicting naively the future price looking at the previous price patterns using the TimeSeries prediction with cumulative averaging.
Two additional factors to remember:
Overall, market shows a short term trend reversal.
However, Cement sector is very strong.
So lets see another 1/2 days of price action before jumping into it.
Overall: I am bullish .. now or after Dussehra (Oct 1st week).