Nifty analysis is based on PEMA and Hull Moving Average. On Friday Nifty had formed a Bearish Engulfing Pattern. The trend or the direction of Nifty seems to be on the down side if it breaks 24500 and closes below it. Then we can see a level of 23200. If it breaks the high of 24860 and closes above it , then the market turns Bullish and we can see new highs in...
Short Term Trading Advice by Goodluck Capital Buy Colpage Palmolive Buy Range- 3040 - 3070 Target- 3200 - 3250 StopLoss- below 2950 Potential Return- 5-6% Approx trade duration 14 - 15 days
DRREDDY After the market crash in March 2020, the stock began a steady upward movement and formed a Bullish Pennant pattern. After breaking out, the price surged and encountered resistance multiple times near the 5,550 level. Consequently, the stock price experienced a significant drop and entered a prolonged consolidation phase. During this phase, an...
Short Term Trading Advice by Goodluck Capital Buy ITC Buy Range- 457 - 462 Target- 485 - 490 StopLoss- below 450 Potential Return- 6-7% Approx trade duration 14 - 15 days
When analyzing the monthly chart, it's clear that the stock price has experienced numerous fluctuations. In June '14, the stock reached a high near 315 level before taking a sharp downturn. By March 2020, the stock price had plummeted to just 50 INR. However, from that point, the stock began a strong upward movement with significant volume increase. An...
After the market crash in 2020, the stock price experienced a significant upward movement and reached close to the 3,990 level, which was the previous all-time high for the stock. Subsequently, the stock entered a downtrend until the price found support near the 2,900 level. Following this, the stock price began to rise again and reached a new high in March’24...
Short Term Trading Advice by Goodluck Capital Buy Pfizer Buy Range- 4850 - 4900 Target- 5150 - 5200 StopLoss- below 4750 Potential Return- 6-7% Approx trade duration 12 - 14 days
INFY The stock price was strongly rejected near the 1,730 level and experienced a significant drop. Later on, the stock found support near the 1,380 level and started to climb. Once the price broke through its trendline resistance, it made a sharp upward movement and reached its previous resistance area. Due to the rising volume, there is an expectation...
In the past, the stock found strong support around the 450 level, but when the price dropped below this support zone, it experienced a significant decline. The stock started to move upwards within a parallel channel after finding support around the 290 level. A recent bullish candle allowed the price to break through its trendline resistance with strong...
Price went through a significant consolidation after a big rally. Volume completely dried up during the consolidation phase. Price recently broke out strongly, surpassing its resistance area. Rising volume suggests buyers are becoming more interested in this stock. A bullish MACD crossover confirms the strong momentum in price. The price created a...
Pattern:Symmetrical Continuation Triangle (Bullish) Time Frame: Daily Chart Script: NSE:NIACL (New India Assurance Company Ltd) The recent price movement indicates a breakout from a consolidation phase, signaling the potential continuation of the previous uptrend. This pattern aligns with the characteristics of a Symmetrical Continuation Triangle (Bullish),...
(1) The price had previously formed an ascending triangle pattern and broke out of the pattern with a large volume. (2) After that, the price continued to move upwards by creating higher highs and lows. (3) Now, the price is trading close to its all-time high with a decent volume and is expected to move even higher
(1) The price is generally trending upwards. (2) Following the breakout of the Rounding Bottom pattern, the price is now consolidating above the breakout point. (3) There has been a significant increase in volume, suggesting strong buyer interest.
(1) The price broke through resistance and surged after a prolonged consolidation (2) It is now maintaining upward momentum with higher highs and higher lows. (3) Following a breakout, the price is near its record high and expected to keep rising.
CHOLAMANDALAM (CholaFin) Chart Analysis As per Elliott Wave analysis, CholaFin is still bullish. The price reversed after a strong bullish divergence in the MACD and has completed the subwaves of Wave 2 of Wave 3. Currently, it is moving up in Wave 3 of Wave 3. Use Ichimoku for entry & exits (Daily time frame): Entry Point: Look for a good dip to enter and...
Looking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB. A strong displacement to the upside creating a OB in the W timeframe - unmitigated. Gap at the top acting as a magnet for price to move into. Very clean CoCH and BOS giving confirmation of the move up into higher levels. A great entry be entry in the GOLDEN level...
If Slowdown in IT sector continues, Happiest Minds may go down and take support near 530-585. Revenue Growth and OPM of Happiest Minds are continuously falling FY22 - 41% & 24% FY23 - 31% & 25% FY24 - 14% & 21% Q4(24) - 10.4% & 20% Return on Equity 5 Years: 30% 3 Years: 26% Last Year: 21% If it continues like this, It may not trade on Premium...
Pattern : Symmetrical Continuation Triangle (Bullish) The recent price action indicates a breakout from a consolidation phase, signaling a potential extension of the previous uptrend. A Symmetrical Continuation Triangle (Bullish) is characterized by two trendlines converging as the price forms lower highs and higher lows. During this formation, trading volume...