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Indianstocks

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...
NSE:3MINDIA
by MrJatin
Hero motor—Goldman Sachs stance (GS) Goldman Sachs (GS) is underweight on Hero motor, with a target price of 2080 rupees. Given this global selling environment, intraday target (Monday) for Hero motor is 2500, and heading toward 2400. Hero might very well open at 2500 (which is a nice round number)—in which case, wait till it goes to 2600 spot price, before taking bearish position (if you want to be prudent with your trades). Assuming that Hero will settle at 2500 (or 2400) until further sales reports. If you wish to buy in cash market—in the long term, wait till 2300 spot price—or 2100 spot price (if you can wait patiently). This is a very reasonable stance, and not one sided. Semiconductor-supply issues will hurt production and sales, and Hero motor is yet to enter EV segment (hence, hero motor will lose market share over next few quarters).
NSE:HEROMOTOCOShort
by SwingGun
2
USDINR terminal move - 400 pip downmove likelyUSDINR had broken out a Triangle in the middle of Sep 21 . The subsequent move has been overlapping waves but counts well as an ending diagonal. This is a terminal move and has breached the Mar 20 high ending the larger degree pattern as well. Divergence is also developing at this high v/s previous highs. The move from 72 levels seems done and a reversal is on the cards. When weakness sets in, it can take the pair to 73.75 level. Moves on completion of ending diagonals are quick heads to the origination of the pattern. Target area is indicated. As always keep stop losses to protect capital
UShort
by SolomonsView
1