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Indianstocksanalysis

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
EURUSD forecast / trades takenHey everyone. not much has changed since yesterday besides the fact we took a bunch of nice trades. See image. The forecast is still the same and trades will be taken according. Expecting price to break the 4hr swing. Due to the fact we are sitting at a HTF demand area we could spring up further before hand so like always im remaining neutral. Another thing i didnt draw in is that we can also do a liquidity sweep of the highs above the asian range and then drop and this would be a great spot to sell
by Bill-from-The-trading-Cartel