Bullish Flag pattern breakout in BSOFTBIRLASOFT (INDIA) LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 763+.
✅Can Go Long in this Stock by placing a stop loss below 670-.
Intraday
Avanti Feeds Ltd | Momentum pattern BOAvanti Feeds Ltd | Momentum pattern BO
Avanti Feeds is a leading provider of high quality shrimp feed, best technical support to the farmer and caters to the quality standards of global shrimp customers
Financial :strong
Market Cap = 7,554 Cr. ROCE =18.3 % ROE = 13.4 %
Debt to equity = 0.00 Promoter holding = 43.3 %
Quick ratio = 3.84 Current ratio = 5.52 Piotroski score =8.00
Profit Var 3Yrs = -7.62 % Sales growth 3Years = 7.32 % Return on assets = 11.4 %
this is pure symmetrical triangle pattern break out with large volume.
as well as RSI also shows in full momentum zone .
you should watch this stock for long term.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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PNB, Intraday View for 10-JuneThe price is trading in the compression zone or in the neutral zone.
For intraday the levels of S1-122 and R1-130 are important to watch.
Above 130 - Uptrend
Below 122 - Downtrend.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Reversal Broadening Wedge pattern in SYNGENESYNGENE INTERNATIONAL LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 768+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 874+.
📈 Can Go Long in this stock by placing a stop loss Below 607-.
PNB, Intraday View for 7-JuneThe price is rejected by the LTMA band.
The probability of a red candle is high, more than 60% on the probability scale.
The level of 120.75 is important to consider for tomorrow's intraday trade.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
LT - Positional Short SetupCMP 3658 on 29.04.24
The chart explains the support and resistance areas in recent sessions. According to the scenario, if the stock does not sustain above 3730, may go weak in the next few sessions.
One should sell between 3650-3700. Targets are mentioned on the charts.
This setup fails if the price sustains above 3730-50. One has to plan the position size and the exit plan wisely.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
Nifty took today pause after last few session of Huge swingsIndian benchmark witnessed Range bound session after prev day recovery,
Nifty remained in opening range after small positive opening
The imp upside hurdle is placed around 23k zone
whereas downside support is around 22400 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility in 1st half due to RBI Policy outcome
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank Nifty experienced Range bound session on Thursday Indian benchmark witnessed Range bound session after prev day recovery,
Bank Nifty remained in opening range after small positive opening
The imp upside hurdle is placed around 50k zone
whereas downside support is around 48000 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility in 1st half due to RBI Policy outcome
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
[INTRADAY] #BANKNIFTY PE & CE Levels(06/06/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 49050 level then possible upside rally of 400-500 points upto 49450 level & this rally can extend another 400 points if market gives breakout 49550 level in todays session. Any Major downside only expected in case banknifty starts trading below 48950 level. also possible reversal downside 49450 level.
Nifty witnessed Biggest Single Day fall of Recent Years
Indian benchmark showed correction & lose more than 6%
on Vote counting day.
Nifty broke below imp swing low & showed sharp correction
to came near 21300 level
A Big Long candle has formed on Daily TF, erased last few months gains
The imp upside hurdle is placed around 22500/600 level
whereas downside support is around 22200 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show Choppiness after today's sharp fall.
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank Nifty fell by around 5000 points in Tuesday session...!Indian benchmark showed correction & lose more than 6%
on Vote counting day.
Bank Nifty broke down the trendline & showed sharp correction
to slip easily below imp support levels
A Big Long candle has formed on Daily TF, erased last few months gains
The imp upside hurdle is placed around 48600/800 level
whereas downside support is around 45950 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show Choppiness after today's sharp fall.
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank Nifty crossed the level of 50,000 for first time ever ...!The market witnessed the session of june 3 with Robust gains,
following Exit polls results.
After Big Gap up opening Bank Nifty remained in postivie momentum & closed near 51000 level
A Big Bullish candle is formed on daily chart
The imp upside hurdle is placed around 51200 level
whereas downside support is around 50000 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the Election Results on june 4
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Nity made New All Time High after Robust Gap up openingThe market witnessed the session of june 3 with Robust gains,
following Exit polls results.
After Big Gap up opening Nifty remained in postivie momentum & closed near 23250 level
A Big Bullish candle is formed on daily chart
The imp upside hurdle is placed around 23400/500 level
whereas downside support is around 23000 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the Election Results on june 4
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Broadening Wedge pattern breakout in COLPALCOLGATE PLAM (INDIA) LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakout of Broadening Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2746+.
✅Can Go Long in this Stock by placing a stop loss below 2668-.
Bank NIfty relatively outperformed in last week Bank NIfty also gave negative returns in last week but relatively outperfomed
Bank Nifty witnessed correction in 1st half
& some recovery in 2nd part of last week
Upside hurdle is placed near 49200/400 level
whereas imp downside support zone is around 48400
Market may show volatility during the Results of elections
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Nifty witnessed correction in last week from record HighsNifty remained in selling mode for most part of the week
A Negative type candle has formed on daily chart
Until Nifty holds above prev week low, recovery towards 22650/700+ is possible
However if holds below 22350, correction towards next support could come
Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
BHEL was in sideways trend last week Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
BHEL is in corrective moce after making recenrt highs
If sustains above 300 level, it may try to test recent highs
However in case of Bearish pattern at higher level, it may come back to prev week's range
Important downside support is around 280 & then 270 level
whereas upside hurdle is aroud 320 level
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
DLF Is showing continues correction from upper levels Stocks to Keep in Radar for Next Week
⏩ SBIN
⏩ NMDC
⏩ BHEL
⏩ DLF
DLF is forming lower lows from past few weeks
now it has come around prev support level
Wait for price to form price action pattern
if decisively sustains outside the range of 780 to 850,
directional movement could be possible
However in case of Bearish pattern at higher level, it may come back to prev week's range
*Election Results can create Volatility in the Maket
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Nifty is showing correction ahead of Exit Polls Results Nifty showed correction for the 5th straight session,
This is also the longest losing streak in last 7 months
After Gap down opening, it remained in negative trend throughout the session
A Bearish candle is formed on daily chart
The imp upside hurdle is placed around 22630 level
whereas downside support is around 22350 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the last phase of elections
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Bank Nifty showed Recovery today & closed with gains Bank Nifty showed opposite direction movement as compared to NIfty index today
The Index bounced sharply from 48300 level after market opening & remained in
positive zone.
A Positive candle is formed on daily chart
The imp upside hurdle is placed around 49100 level
whereas downside support is around 47300/200 zone
Track for price to form Price Action Patterns at Imp Levels,
However market may show volatility during the last phase of elections
Keep Tracking Charts
*For Educational Purpose
Learn & Practice Price Action setups
Indiamart - long setupCMP 2530 on 29.05.24
It can be seen on the charts that the price has reversed many times from the trendline in the last around 2 years. If the pattern continues, may go bullish again.
The risk-reward ratio is quite good at this level.
This setup fails if the price sustains below 2475.
Targets will be 3000 or even more.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.






















