CUMMINS INDIA NSE:CUMMINSIND
CUMMINS has been bullish since the past few months and seems to be on path to move past its all time high levels. The stock can be a good buy at current levels to ride the upmove with SL at 900-910 levels.
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INDHOTEL LONG IDEANSE:INDHOTEL
INDHOTEL is nearing its all time high level and there was considerable volume action combined with a 10%+ upwards movement in the stock price. The stock seems really bullish in the Monthly as well as weekly charts and can be a good momentum pick.
WTI CRUDE OIL Important LevelsCrude Oil is trading in its resistance zone and could go further down because of the recent war developments between Russia & Ukraine. Fall in crude oil prices will lead to a fall in equity markets as well.
LTI - MOMENTUM PICKLTI has been on a major uptrend and it has potential to go even further. LTI can be bought at CMP and on dips till 4430. There is no fixed target since the stock has no upwards resistance.
Procter & Gamble Breakout & RetestNSE:PGHH PGHH had given a weekly breakout with strong volume and stock has been making small red candles since then.Retesting candles are being formed with little volume.
Stock can go towards 15000+ in near term.
CDSL CDSL is in a bullish uptrend and has been falling since past 2 weeks. Stock is retesting on 9EMA levels and can also test 21EMA levels.
It has potential to reach ATH levels with SL of 475 WCB/21EMA NSE:CDSL WCB
S Chand & Company Ltd S CHAND - STOCK FROM EDUCATION SECTOR.
S Chand recently changed its trend in weekly timeframe and has formed another Higher High. Stock has potential to move towards 170/190 levels.
Stock lacks quality fundamentals with negative ROCE/ROE and EPS. Risky stock so manage risk accordingly.
SL - 60 WCB OR 90 DCB
BLUE DART POSITIONAL IDEABLUE DART - A fround transportation and distribution company.
It has given a clean breakout with good volumes.The stock can move twoards 7000/7500 levels with stop loss of 4530DCB or 4000WCB.
ISGECISGEC - A HEAVY ENGINEERING COMPANY
CAN BE BOUGHT AT CMP WITH TARGETS OF 400+ IN SHORT TO MEDIUM TERM.
SL - 220 WCB/21EMA WCB
ALLOCATE AS PER YOUR RR RATIO SINCE ITS A SMALL CAP COMPANY
APOLLO TYRES POSITIONAL IDEAApollo Tyres can be bought at CMP with stop loss of 105 or as per one's risk appetite.
Nearest resistances are around 133 and 142 levels so stock can face supply there and those are the price levels where we can book profits.
Also, tyre companies are in focus which can further lift up the trend of the stock.
NAUKRI (INFODEGE) ANALYSISNSE:NAUKRI
INFOEDGE has given a breakout from the trendline, but higher prices were rejected and stock has now closed below the supply zone.
Stock has also been able to withstand the market crash and has shown good relative strength.
It is trading above all major EMAs. (20,50,100,200).
Since the trend is bullish,only long trades should be initiated in this stock.However, there will be no valid trade as per setup unless the stock is able to cross the resistance.
Once breakout is done,an upmove of 5-7% is possible towards 2900/2950 level.
RSI(14) is around 60 levels.
ADX(8) is less than 25.
Here is my complete analyis :
1. Weekly Chart
2. EMA
3. Fibo Level
Trade only as per you RR. This is just an analysis and not a recommendation.
NIFTY 50 VIEW FOR 4TH JUNE,2020NIFTY 50 respected both the levels as I had posted in my previous post. It ranged between 10040-10169./
Today the index opened with a significant gap up above 10100. It was however not able to hold those gains and end of day,it closed below 10100.
A close below 10000 and we could have seen a fall tomorrow. 10000 is a key psychological level and tomorrow it will be a interesting expiry day.
If Nifty is able to breakout above 10700 level, I think then we can see a possible upside towards the previous trendline. (See 5 Min Chart Image below)
Above that, bulls may be looking to break 10169 which was a level I had mentioned in my previous post.Today that level got tested but was not sustain and we saw a fall towards 10035.
Take a look at today's 5 min Chart and analyse the movements :
The day's low was broken and we saw a good fall towards 10035.
10030-10040 is also an important level as can be seen in the daily chart I've posted.
Everything else I have mentioned in the chart.
On the downside,key levels to watch out for are 9995 or the psychological 10k. If even that is broken we might see a fall towards 9930 and then towards 9887.
75 Min Chart :
240 Min Chart :
NSE:NIFTY
This analysis is for learning purposes and if anyone has something to add on or if you spot a mistake,do write it in the comments. All kind of suggestions are welcome!
This is just my viewpoint and please do not take trades based on this. I do not mention specific targets or stop losses as I don't trade FnO segment.
GAIL SHORT TERM TO POSITIONAL IDEAGAIL has been showing good bullish momentum since past 3 weeks (Check weekly chart).
Price has now come near to resistance area, but there is a gap of 2-3 points which needs to be filled until a trade can be executed.
I only go long in stocks which are trading above their 50EMA and GAIL has recently crossed that level so the trend is in our favour.
Risky traders can enter above 97, but for proper risk management I will enter only when the gap is filled.
Here's the indicator analysis :
I am still trying to figure out a good setting for ADX. Here, I have used ADX(8) with DMI(13).
And,as to why I am not interested in the trade right now near these levels is because the upper close of the gap is also a 50% fibo level as shown in the image below :
MY VIEW ON NIFTY 50The index has been on rise for the past few days and the bulls are charging with full force.
It has given a strong closing today near the much awaited 10,000 mark even with all the negative news hovering around us.
In the daily chart,there are gaps which have not yet been filled, and a possibility of movement towards 10100-10150 is possible once 10030/40 is broken.
Another possibility is a reversal from 10k levels towards 9880 and an even further correction towards 9750 levels.
Here is the Weekly Chart :
And,here is the Fibo Retracement :
This analysis is for learning purposes and if anyone has something to add on or if you spot a mistake,do write it in the comments. All kind of suggestions are welcome!
This is just my viewpoint and please do not take trades based on this. I do not mention specific targets or stop losses as I don't trade FnO segment.
GRANULES INDIA SWING IDEAGranules has broken out of a triangle pattern after contracting for a sometime. The stock has shown good relative strength and has reached near its 52 Week high.
It is above all the major Moving Averages (20,50,100,200)
A swing trade can be initiated once there is price action confirmation above the breakout and one can enter after a pullback.
Risky players can enter without waiting for a pullback but don't forget to keep a strict stop loss in place.
Indicators :
Trade as per your RR. This is not a recommendation and the post is only for learning purposes.
NSE:GRANULES
DIVIS LAB SWING ANALYSISDIVIS LAB made a strong close yesterday and has reached its all time high.
The trend is bullish and the stock has no further upward resistance which could mean a good long entry for both swing as well as positional ,riding the trend and trailing your stop loss.
Trade will be valid only on bullish 75CB and further price action confirmations.
Here's the daily chart :
Indicators :
However, one to keep in mind would be Nifty50's movement. If the index goes up with strong momentum,a long trade in pharma sector has a probability of failing. BSE:DIVISLAB
SUNPHARMA ANALYSISThe CNX Pharma Index is aiming towards the 10,000 mark and Sunpharma seems good to reach 500+ levels soon.
In 75min CB, the price was unable to close above its resistance. If the resistance is broken now, an upmove towards 490-495 can be seen.
Above 490 ,the next resistance zone is around 504 level.
A long trade will be initiated only if the resistance is broken.
However, Nifty 50 and CNX Pharma's correlation coefficient is on the decline in weekly analysis as seen in the image below :
So,as per the data, if Nifty inches up higher in upcoming days,there could be a fall in the Pharma stocks which could make this trade a risky bet.
Weekly Chart :
This is just an analysis by me and not a trading call. Kindly trade as per your own RR.
ITC SWING TRADE IDEAITC has given a breakout above 195 level and closed strongly on DCB.
On monday,if the index trend is up, we can expect a move towards 205 level this week.
Any correction in the price can bring it further down towards the upper line from where more quantities can be added upon price action confirmations.
All validations given as per setup :
Hourly chart :
Trade as per you RR.This is only an analysis and not a recommendation.
Happy Learning!
