NIFTY DOESN'T SEEM TO BE VERY ENTHUSIASTIC RIGHT NOWNSE:NIFTY
WAITING FOR SOME PERFECT MOVEMENT IN NIFTY
can see a last led up before a good whole fall again
waiting for some sort of confirmation
can even break the parallel channel as well
Indianstocks
HCLTECH Strong breakout on daily timeframeHCLTECH looks super bullish and can be bought as a swing trade for the upcoming 3-4 months and a target of around 15-20% can be expected given that the overall market remains bullish.
Even when Nifty IT was performing low, HCLTECH held its ground and today it has finally given a breakout from its channel pattern.
The breakout can be confirmed with volumes and the breakout from the last resistance level and further from the breakout of 50 EMA.
The trade can be sufficed as -
Entry above Rs. 980.00
Stoploss - Rs.940.00
Targets - Rs. 1068 / Rs. 1133 / Rs.1214
Nifty D tf Nifty continued moving on the expected lines. It went on to test the falling trend line pattern resistance that exists in the form of a falling trend line. This trendline begins from the lifetime high point of 18,600 and it joins the subsequent lower tops.
NIFTY 50 on a MAJOR AREA ( 22000 or 14000)We can see a clear pattern formation.
Its a Descending Broadening Wedge.
Normally Its a Continuation pattern that means earlier market made a top on 18600 and now if price will break this wedge again it will continue the bull rally.
Still there are chances of failure of this pattern.
NIFTY 50 showing a bearish divergence. 1hThough right now market is breaking imp price level very easily, I cant see that kind of strength in market its looking like pre planned manipulation.
At this point market can be reverse. Imp support levels are given in the chart.
It should follow this divergence.
Pidilite: Runaway Bullish formation before 10th Aug ResultsPidilite: Runaway Bullish formation before 10th Aug Results
Bullish breakout from a long term rounding bottom formation with very high positive volume.
Last 8 trading sessions, it's a runaway green candles and bullish kickers. That's pretty uncommon.
A 6months old resistance line is decisively broken this time, after testing thrice.
Most likely the Q1 result will be a bumper result (on next Wednesday).
Cumulative Open Interest (COI) is pretty high and showing long buildup.
OI data is even interesting. 93K Puts are there at 2600, clearly a support. Out of 93K, 39K Puts are added in last week.
There are good amount of (36k) Calls are added at 2640. All of those people will be trapped once Pidilite stays above 2640 on next week.
Plus: There are 54K calls are written in 2660, out of which 53K is added recently.
Support : 2600 (from OI data)
Resistance : 2660 (from IO data), 2700(from OI data), 2725 (previous swing high in chart).
Jyothi Lab: Rounding Bottom breakout after an year's resistance Reasons for being bullish on Jyothi Lab:
Rounding bottom breakout. The bottom is created over last one year.
The same level is tested this time thrice, since last one year. So long term resistance level breakout.
Friday's candle is a clear Bullish Tweezer Top (Thursday & Friday candles lows are same, polarity opposite).
Friday's candle totally engulfs the Thursday's bearish candle.
MultiBeggar Stock This Stock is for Long Term Investment.
Buy 70-75
SL - 65.50 Strictly Follow Stoploss
Head and shoulder pattern breakout in BPCL.Discription:
Stock Name: BPCL
Chart Pattern: Head and shoulder pattern
Time Frame: 1D
Entry: Breakout Entry Above 330+
Targets: Target 370+
Gravita broken out of channel with rsi divergence(bullish)Gravita India ltd has given a breakout with high volume and rsi divergence. Looks good for 380-400 levels.
NIFTY 50 " Head & Shoulder".As we noticed a bearish divergence on my previous publication, Price broke 16500 and a daily candle closed below this level. A Head & Shoulder pattern has formed, we can expect a good direction towards downward.
Probabilities:-
If gap up happens (above 16500) probability of this pattern will less effective but can not be ignored.
If opens flat market will respect this pattern and continue dipping till 16360-16250.
If gap down happens (at 16360) market will recover for a while and continue dipping.
( This analysis is not for long-term)
NIFTY for tomorrow (26th July) - RangeboundThe channel shows in the photo is being honored by NIFTY so far.
So if the upper channel is broken above (>16700), it will test the Friday's high (16750).
If it retraces below 5 EMA (~16570-75) today's low and 5 EMA, then it will come down upto 16400 (the middle of the channel + near 10 EMA.
It's all depends on Global clue. A Gapup will test 16750 for sure.
A gap down will test 16400.
Swing: Bayer CropA cup and handle pattern is about to form. However the alligator's lip-teeth-jaw are coming closer and coming flattish slowly. That's a concern. Also there is no upsurge of the volume.
If it breakout the neckline of 5450, it may go up.
On the other hand, a breakdown below 5200 can pull it down further.
Swing: Inox Inox is sort of a mixed signal. It has created a W pattern. However a clear breakout will confirm only after the ~560 level neckline break. In Friday's session there is a shooting star after an uptrend. Volume is also not very good. So it may go down if it sustains below the Thursday's low.
At the same time, the trend Alligator is showing pretty solid buy signal.
Brakout Ready:Mm Forgings LimitedMm Forgings Limited
1. A clear neckline breakout from multiple rounding bottoms, a cup-and-handle pattern
2. Very High volume
3. Trend is up
Fundamentals:
1. PE Ratio is half of the industry PE
2. PB Ratio is just 4 - cheap
NIFTY 50 showing a bearish divergence. Chart is showing clearly a bearish divergence in 15 minutes. If it will sustain above 16500 for longer period ( sideways) then market will go upside or else we can see a reverse scenario.
3M India Technical viewNSE:3MINDIA
Stock is trading at level with lower than average volume from past 2 weeks.
22973 is a major weekly level following it 23260 is another major resistance as price rejection from 2 weeks on level 23260.
Bullish point of view --
1: if we go on DAILY timeframe we can see lower high`s and ascending triangle formation.
2: on WEEKLY chart price breakout on 200 MA with higher volume and following price breakout on 50 MA currently stock is taking support on 50 MA.
3: as my opinion BULLISH ABOVE LEVEL 23260.
I am not a profession or well experienced trader. I am an intermediate level trader.
This analysis is just my practice and only for education and my learning purpose.
Don`t blindly trade on any ideas or tips do your own analysis.
THANKYOU...
Long CG Power ( at lifetime high)CG Power at life time high. Further company has good fundamentals and best thing with lifetime high share is we have Stop loss so loss is limited and profit.......sky is the limit in such all time high stocks. so you got the trick. this trick is only for investors
Hero motors stage analysis for swing trade 15 min> forming continuation pattern
> you may call it triangle pattern.
> breakout above 2448 would lead a new rally.
> stop loss 2808
> 1st target 1:2 and 2nd is trailing stop loss which is HL
> 1-4 days trade
> use proper risk & money management.
> only for education not a trading tip. i may or may not trade this setup.
> trade at your own risk.
SCHAEFFLER India - Tweezer top pattenAlthough there is a clear breakout yesterday (Monday) in this counter (and it came to our weekly radar as Long), today daily it's created a Bearish Tweezer top candlestick pattern.
Bank Nifty- IndiaWhat are the odds? I think there is a good chance we get a fake-out (false breakout) on higher timeframe here, maybe to even 37000 and then slow bleed and consolidation to 30k till end on year.
I am personally not buying anything here. Maybe scalp longs here and there but will wait for 30k to load up anything from swing-trade or long term point of view.
Stay tuned.
Next Week Buy Rane Holdings Limited - Cup and Handle pattern
- 646 is testing 4 times
- Alligator is clear uptrend, started eating out
- Volume Spike
