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DLF : +35% to +147% Upside Potential01 Dec 2022 DLF Stock BO today from the previous 10 months rejection levels in 400-415 zone, which is supported by volume. In Play : HH-HL Summary - Stock BO from 10 months 400-415 zone - BO with Volume - TL BO : Confirmed - Above POC - Text Book Head & Shoulder Pattern - 519 is 13 Year SH ‘’STRONG RESISTANCE’’ Conclusion - CMP 412.70 - Long Positions can be initiated - 483-519 level can act as strong resistance - Higher targets could be around • Short Term – 483/519 • Long Term – 539/623/987 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:DLFLong
by DhirajSinghBais
Ultra Tech Cement : +35% Upside Potential30 Nov 2022 UltraTech Cement Stock BO today with volume after 1 month of sideways movement In Play : HH-HL Summary - Stock faked BO on 21 Nov to the lower side - BO with Volume - TL BO : Confirmed - Above POC - Text Book Head & Shoulder Pattern Conclusion - CMP 7077 - Long Positions can be initiated - 7280 level can act as strong resistance - Higher targets could be around • Short Term – 7280/7500 • Long Term – 8193/8911/9332 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:ULTRACEMCOLong
by DhirajSinghBais
1
SASKEN TECHNOLOGIES coming out of base.About: Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor , Automotive, Industrials, Consumer Electronics, Enterprise Devices, SatCom, and Transportation industries, etc. Located in India, the company has presence all over the world Technical Points: 1. Price near Resistance zone. 2. Huge Volume Activity near Resistance Area (9x volume above average) 3. Huge Volume Activity witnessed on 24 & 25th October & 2 sessions in September with Positive Price Action. 4. Relative Strength of Stock has turned positive since 24th October & Sustaining. 5. Stock has formed a good base over 177 sessions or 261 days. 6. Stock's sector CNXIT had been under-performing Nifty since April 2022 but has seen positive price action and now at a base breakout juncture. 7. Once Sector starts its momentum, the stock will fire. Financial Results: 1. Sales Growth: 19% QoQ & 10% YoY 2. PBT Growth : 120% QoQ & -2% YoY 3. EPS Growth : 140% QoQ & -3% YoY Comment: Stock looks like coming out of a base with some good volume activity (which signifies accumulation). If it breaks out of resistance area First immediate resistance is around 29% away & second resistance is 54% away. If IT sector starts outperforming Nifty and come into flavor, this could fire up & give returns much quickly than anticipated. Disclaimer: This stock analysis is for study & education purpose only, so one can understand mentality & analytic points behind study to choose a stock for medium to long term investing. This is not a recommendation to buy or sell a security. Learners shall take their decisions on their own discretion.
NSE:SASKENLong
by AmanSaraf
BPCL long opportunityNSE:BPCL Stock -> BPCL TimeFrame -> Weekly Hello all! BPCL has been moving in a channel since Sep 2017. Its came back to its lower trendline, took support, bounced off and now has broken trendline 1 with good volumes. This makes for a good opportunity to go long! Risk-averse traders should wait for a strong closing above the nearest swing high (yellow box). The stock will start trading above its 50-week EMA after it crosses the swing high and thus the probability of success would be much higher *NOT A CALL* #BPCL #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing
NSE:BPCLLong
by Traders_Town
1
ITDC : +62% to 597% Upside PotentialITDC 27 Nov 2022 We witnessed a sharp rise in price which is supported by volume, exactly at the TL after a long period of consolidation. In Play : HH-HL Summary • Sharp rise in Price • Price rise supported by volume • POC 404 • Resistance 466 (Pre SH) • ATH at 747 Conclusion • CMP - 404.55 • Test qty can be initiated on break of TL • Add to the position on RT-TL • Higher Targets could be around o Short/Mid Term - 546-659 o Long Term – 1137-1693-2821(we will watch for supportive price action to confirm higher targets) Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:ITDCLong
by DhirajSinghBais
4
Nifty Analysis: A Bullish Scenario 🚀Hi 👋 There are always two potentially predominant scenarios possible in the stock market – Bullish and Bearish. Most people involved in the stock market like to read and appreciate the positive side of the market, that is bullish. This is because they always ‘Buy’ and never sell. Neither they sell to ‘Short’ the market nor to take profit 😉 This idea is representing the bullish scenario of the market. I have used minimal tools – Support and Resistance; Fib Time Zones; Fib Extensions and a self-developed technique to weigh weaker and stronger sides (bulls & bears) of the market. Let is discuss them one by one 👇 🚀 Fib Time Zones Fib zones are helpful in analyzing market cycles but in my experience fib zones have always been a hit and miss experiment, as there is no concrete way in which fib zones can perfectly match the market cycles. Theoretically we match previous highs to project the next peek or we match previous lows to project the next trough in a market cycle. On this chart I matched the highs of Feb 2021 and Oct 2021 and found that it perfectly projected June 2022 low (marked by Fib zone 3). If this projection is correct and continues then there could be a high (I am saying ‘high’ because we are discussing bullish scenario) near Mid Feb 2023 (Marked as Fib zone 4). This may hold true as long as market trades and sustains above all-time highs. 🚀 Support and Resistance When I say all-time highs (ATH), it means 18600 (ish) levels. Normally these levels stand as strong resistance, because sellers get active taking profits or shorting near those levels. As of now those levels have not been tested by Nifty (spot). Secondly, there was 18100 level which acted as strong resistance in Apr 2022 and Sep 2022. However, the reaction in Sep was much less compared to the reaction in Apr, which is good for bulls. In Nov, market breakout of this resistance and also tested it once in the later half of Nov. The test was held, means buyers had an upper hand, and previous resistance (18100) acted as support. Eventually, market resumed the trend established from Jun 2022 lows. I would personally like to see the market break and sustain above ATH (18600 or so) for it to achieve our projected targets. 🚀 Fib Extension Fib extension is an effective tool to project markets next move or targets. There are different methods used by different traders or investors or mentioned by different authors in their writeups. Most popular ones being 1:1 extension, 1:2 extension and the ones that conform to the Elliot wave principles. Measured move: If I measure the move from Jun low to Sep high and project it for a 1:1 target, it gives us 19650 as the target. This can be taken as a medium-term bullish target for the market. Elliot: According to Elliot, 3rd wave can not be the smallest. If I take move from Jun to Sep 2022 as wave1 and late Sep correction as wave 2 then wave3 should be larger than wave1, that means beyond 19650. Wave3 extension can go up to (1.618 x wave1) or higher. If I take 1.618 extension then wave 3 targets for 21450 (quite ambitious though). We can take it as a longer-term target for investors. Cup & Handle Thirdly, if you look carefully there is a cup and handle continuation pattern. This can be made by joining Apr high, Jun low, Sep high and Sep low. The blue Support and Resistance line shown on the chart would be the neckline for this pattern (and is breached positively). The target for this pattern comes out to be = 18114 + 15183 = 21045. This gives us a zone from 21000 to 21500 as a target for long term investors. Will the market hit the long-term target on Mid-Feb 2023 Fib zone? Or will it hit the short-term target 19650 at that time? This question should remain open for discussion in the comment section. 🚀 (Bravo) Momentum Technique There is nothing much fancy in this technique than the Price and Time based analysis. I analyze price waves through the lens of time to measure momentum of the market. Technical charts are drawn by taking Time on X-axis and Price on Y-axis and this helps in tracking the price moves. I take help of these price moves in identifying bullish and bearish trends. As a general rule of thumb if the price is taking less time recovering a bearish move then there is bullish momentum. This means bulls are still stronger than bears. The opposite is also true. If price is taking more time to recover a corrective wave then bulls might soon lose ground. To make it simple, I have drawn red and green rectangles. The red rectangles encase bearish waves and the green ones encase bullish waves. There are two important things that you need to observe – height and width of the rectangles. Normally height of two adjacent rectangles (bearish and bullish recovery waves) would be the same. So, it the width that is more important. The width represents the number of days the market takes to complete a wave. As long as the width of green rectangles is less than red ones, the momentum would be bullish. Normally we see bullish momentum in an uptrend, so there are greater chances that the trend would stay on the upside. The opposite is true in case of downtrend. You can see in the chart that although the market was making lower lows from Oct2021 to Jun2022, the width of green rectangles is less compared to red ones. Or you can say that market had been taking lesser number of sessions to recover a down move. This means that bulls were more active and were interested in accumulation at the lower levels (see number of sessions/bars under each rectangle). This signals a positive momentum in an uptrend and hence higher chances of the trend to resume. This method is useful for investors as well as traders. Investors can apply it on higher timeframes and traders on a lower-timeframes, for analyzing, confirming and riding trends. I hope you learnt something new from this post. Now do me a favor and hit 🚀 so that I can push myself to write more. Your thoughts are welcomed in the comment section 👇 Have a great life 👍
NSE:NIFTYLong
by Bravetotrade
16
BHEL : +67% to +239% Upside PotentialBHEL 25 Nov 2022 The stock was showing a good price action for the past couple of weeks, today BO of previous resistance TL with good volume. In Play : HH-HL Summary • Clean TL BO with Vol • Trading above VAH • Next Resistance 108 : SH Conclusion • CMP 80.65 • Test Qty can be initiated • Add to the position on RT-TL • Higher Targets could be around o Short Term : 102/120 o Mid/Long Term : 145-177-264 Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:BHELLong
by DhirajSinghBais
Big Boy Reliance : +15-24% Upside Potential25 Nov 2022 Reliance Stock is hovering in the zone of 2500 +/-10% for the past 1 year, now showing some strength. In Play : HH-HL Summary - Stock bounced from the VAH zone - few weeks of low volume PB - TL likely BO - ATH is at 2856 Conclusion - CMP 2618 - Test position can be initiated on BO of TL(as of now BO may fail : Low Volume @ TL) - Rest Qty can be planned on RT of TL - Higher targets could be around • Short Term – 2757/2856/2928 • Long Term – 3038/3258(ATH @ 2856) need to see price action in the ATH zone to confirm higher targets Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:RELIANCELong
by DhirajSinghBais
GSPL : +15% Upside Potential25 Nov 2022 GSPL Stock BO of previous TL on 15 Nov 2022 with huge volume, after spending 2 weeks in the zone fresh BO is seen with volume, likely momentum to continue. Summary • BO/RT done • Stock has shown a good support @POC around 238 zone • 76 days of accumulation • Fresh BO Conclusion • CMP 260.45 • Initiate test qty • Higher targets could be around o Short Term – 276/296 o Mid to Long Term – 332/379(Important resistance to watch out for 311-326) Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:GSPLLong
by DhirajSinghBais
CRUDE OIL FUTURES: LONG FOR SHORT TERMHello, Welcome to the quick update on CRUDE OIL FUTURES. It is currently trading at Rs 6430. After making a rally, it is currently retesting the last support. We can see that it has taken support from Rs 6314 and it is acting as a strong support. We can take a long position in this future with a target of 6487, 6571, and 6715 for the short term and a long-term target of Rs 7039 to 7719. ENTRY: 6381 to 6410 TARGETS: 6487, 6571, 6715, 7039, 7719 STOPLOSS: 6300 This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
MCX:CRUDEOIL1!Long
by ScramblerG
BALRAMCHIN: BALRAMPUR CHINI MI PRICE Hello, Welcome to the quick update of BALRAMPUR CHINI MILLS. The company looks good fundamentally and technically and can be taken into consideration for our Portfolio. It has broken the channel in 4hrs timeframe. As of now, it is trading at around Rs 349 and looks good for mid-term holding for a target of 20%-40%. ENTRY between 319 to 328 Target: 378, 402, 455, 521 SL: 291 This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:BALRAMCHINLong
by ScramblerG