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Indianstocksanalysis

The curious case of MacroTech Developers (Lodha) Chart pattenVery Interesting. Sort of (heterodox) Elliot Wave (sic). Just plot in in Daily chart. What you see: 4 triangles - in the order of smaller highest medium smaller height (noted in the green flags). Lets call it our Elliot Waves 12345-ABC. (The green flags are motive peaks and reds are corrective trough. After that there is a rounding bottom - shown as blue semi-circle. The SAME PATTERN then again repeats --- 4 triangles with same proportional height, followed by the rounding bottom. If Price Action is correct - then it's a new wave which will replicate again the same pattern! Fib levels are shown. Afte Buy recommendation with SL of 970 for the potential upside of 1080 / 1120.
NSE:LODHALong
by pradipandsuvra
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).
NSE:PIDILITINDLong
by pradipandsuvra
1
Triangle breakout in GNFCIf we look at the daily timeframe for GNFC , we can clearly see there is a triangle breakout with good volumes. The breakout has come almost after 4 months of consolidation inside the triangle. After the breakout, there has been a small consolidation which is really healthy for the stock. At any given day, the stock can gain momentum and rise now. It is also near to the psychological level of Rs 500. Once the stock gives closing above Rs 500 in the daily candle closing, we can see a good move. We can easily aim for 5% - 10% returns from the stock. Do like it :) It will motivate me to write more
NSE:GNFCLong
by StocksGyan
Channel Breakout in HEMIPROPLooking at the chart in daily timeframe for Hemisphere Properties, we can clearly see there is a breakout from the channel pattern after almost a year of consolidation. The upper trend line of the channel has been broken with absolutely huge volume. We can see a small consolidation after the breakout which is a healthy sign for the stock to move upwards. If the momentum continues, it can easily give double digit returns to the investors. You will also find many other stocks ideas in my profile! Do like it :) It will motivate me to write more
NSE:HEMIPROPLong
by StocksGyan
Triangle Breakout In BrigadeLooking at the daily timeframe for Brigade Enterprises, we can clearly see a triangle breakout after 4 months of consolidation. Currently it has broken the upper trend line of the triangle. If we see, the breakout candle was a bearish doji candle but the next 2 candles have confirmed the breakout. The current closing is at Rs 517 which can be considered for buying. It is also near it's all time high. We might be seeing a price discovery from the next few candles. A very high probability of 5% to 10% push in price is possible. Do like it :) It will motivate me to write more
NSE:BRIGADELong
by StocksGyan
Triangle Breakout in AsterDm HealthcareIf we see the daily timeframe for Aster DM healthcare, it is clear that the stock has given a breakout after 5 months of consolidation inside the triangle pattern. Currently it has broken the upper trend line with good volumes. It is also near to the psychological level of Rs 200. If it breaks Rs 200 with good volumes and gives a candle closing above it, we might see a aggressive buying in this stock. With the current momentum, we can definitely look out for 5%-10% gain from this stock in the short term. Do like it :) It will motivate me to write more
NSE:ASTERDMLong
by StocksGyan
Triangle breakout in Gujarat AlkaliesIf we see the char in daily timeframe for Gujarat Alkalies, we can see a triangle breakout with rise in volume. The upper trend line in the triangle has been broken. The momentum has been very good from the past 2 candles. If the bulls support the momentum, it can easily give us more than 5% returns in the short term. This breakout might also lead to All Time High. But we can't predict anything. Do like it :) It will motivate me to write more
NSE:GUJALKALILong
by StocksGyan
RHI MAGNESITA INDIA LTD (NO INDICATORS - ONLY PRICE ACTION)1) A simple channel pattern with seven touches at the top and three touches at the bottom. 2) One can after a breakout. 3) And the target always depends on price action, actually I don't set a target, I do take exits depending on price-action (and it varies from person to person's conviction) 4) still if you want to set a target then go with 1:2 or 1:3 risk reward 5) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market) NOTE: I only use simple Strategies that always give superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good. IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS ....... Trend Analysis Chart Patterns indianstocks indianstockmarket priceaction priceactionanalysis chartpatterns GANECOS ganeshaecosphere
NSE:RHIMLong
by ONLY_PRICE_ACTION
A must buy opportunity in BHELLooking at the 4 hour time frame, the stock is making a beautiful triangle pattern inside of a channel. It has broken the trendline resistance of Rs 61 and has moved upwards. After almost 3 months of moving inside the candle, it has finally given a breakout. It also broke the trendline with good volumes which is another positive sign. Around 8% returns can be expected from the current levels in the short time frame. When we look at the 1 week timeframe, it is clear that BHEL has given a breakout after crossing Rs 61. More than 20% returns can be expected in long term from BHEL. It can be bought now with a very small stoploss and the target being at the upper trendline of the channel pattern. NSE:BHEL
NSE:BHELLong
by StocksGyan
MINDA CORP LTD (NO INDICATORS - ONLY PRICE ACTION)1) Take it as an intraday trade 2) Simple channel pattern to trade, one can enter after the breakout. 3) And the target always depends on price action, actually I don't set a target, I do take exits depending on price-action (and it varies from person to person's conviction) 4) still if you want to set a target then go with 1:2 or 1:3 risk reward 5) Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market) NOTE: I only use simple Strategies that always give superior returns, Don't get carried away with all the complex strategies that are in the market. Complex doesn't necessarily mean good. IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
NSE:MINDACORPLong
by ONLY_PRICE_ACTION
NIFTY AND SENSEX ANALYSISIndian economy is recovering rapidly after corona virus pandemic crash but rising crude oil prices and inflation is a issue of worry for Indian Equity Market. Things agaisnt Indian Stock Market Rising Crude Oil Prices Crude Oil prices are at high of 3 years, after 2018 it is first that Brent crude crossed $ 85 mark on London Exchanges. The shortage of Gas and Coal around the world is trigging demand of alternate energy option i.e. crude oil which is raising its price globaly. Rising Price of Base Metal will lower industrial profit and may pull down industrial growth rate for the 3rd quarter. Things in Favour Export Boom Forex reserves rose by $2.04 billion to $639.52 billion in week ended october 8 accroding to RBI data. Surge in Tax Revenue The government has collected Rs 1,17,010 crore GST for the month of September which is 23% higher than the same period last year. The average monthly gross GST collection for the second quarter of the current year has been Rs 1.15 lakh crore, which is 5% higher than the average monthly collection of Rs 1.10 lakh crore in the first quarter of the year. Shrinking Pile of Bank NPAs : Indian public sector banks collectively owed approximately 6.17 trillion Indian rupees in non-performing assets in fiscal year 2021. against 7.5 trillion rupees in the 2019 fiscal year, indicating a slow but slight relief. Optimistic Industrial Production Resulting, Indian indiaces have gained almost 30% this year in 2021 Booming Corporate Profits September quarter results will be in market very soon that will guide the further market directions. Recently Reality, Auto and Energy sector have been big gainers in last one year, since Sep 2020. Continuing Economic Growth : India's 4 years average GDP growth will be around 3.6% against global average of 2.6%. CONCLUSION In my opinion, NIFTY may very soon give a signal for a short call, but you have to be very patient for that.
NSE:NIFTY
by moneymarine