Ashok Leyland, based on the analysis using the Stock Navigator by FnOGyan Indicator, presents a compelling long signal on the daily time frame. The indicator suggests a positive outlook, supported by strong volume building up. The stock has demonstrated resilience by repeatedly finding support near the trendline support area, indicating a robust underlying...
Put it in your watch list guys and set the alerts for breakouts and targets if the prevailing conditions satisfy then the price should move as per the given breakout assumption. Can grab the Targets of 418 and 435! Get Ready ;)
🍽️ Zomato Ltd., CMP: 130 Zomato recently exhibited a trendline breakout on December 14, closing above it. A successful retest followed, and another breakout unfolded yesterday. Today, the pattern from that breakout is holding. Anticipating Zomato to serve us a delightful dish at the 147 rupees point. 📉 SL Reference Guide: For Stop Loss, refer to the...
ITDC 1) Time Frame - Weekly. 2) The Stock has given 6 years consolidation breakout with huge volume & strong bullish candle close in weekly. 3) The next target / resistance would be its previous life time high (747 - 17% from the current price 636.70). 4) Recommendation - Strong Buy
Shankara Buildcon is nicely absorbing the supply, and looks like slowly the bulls are going to control this scrip. Looks good for 15-20% move from here on. Stoploss 740 *DISCLAIMER* This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop...
📈 Key Points: 1. Up-Trend Momentum: The stock is riding a strong up-trend, signaling positive market sentiment. 2. Breakout Confirmation: A recent breakout, coupled with a successful retest, indicates a potential upward trajectory. 3. Entry Strategy: Planning a long entry as the stock has surpassed 23.60, aligning with the breakout momentum. 4. Risk...
IREDA forming Bullish Pennant pattern. This might be good for swing trading. Points to Considered: 1. Pattern formation 2. Volume analysis 3. Any Conformation for Entry 4. RSI NOTE: IF IT CLOSE BELOW 20-EMA & RE-TEST IT, DO NOT ENTER FOR LONG.
Pros: Flag pattern Breakout Took support on Fibo levels Swept the liquidity to move up. Cons: Breakout with less volume No breakout on Daily Time frame Volume doesn't looks good during the pattern
echnical Analysis Update (18 January 2024): Trident stock has found strong support around the 43 level, as we anticipated in our previous analysis. After a brief dip below this zone, the price has bounced back convincingly, signaling a potential bullish reversal. Bounce Confirmation: The recent price action shows a clear bullish engulfing candlestick pattern,...
This has given a good breakout on 20th DEC with good volume. Considering it as a good breakout, entering based on the Fibo level. NOTE: There is a strong Bearish RSI divergence. Assuming that it is because of the profit booking, one might still hold the stock.
TCS forming a type of cup, can see price moving upward in 2023/24. Good for Investing !Trading
DEN Networks Limited is a cable television distribution company. The Company is engaged in distribution of television channels through analog and digital cable distribution network and provision of broadband services. TTM EPS: 5.71 TTM PE: 8.25 P/B: 0.75 Face Value: 10 Mkt Cap (Rs. Cr.): 2,247 Sector PE: 30.81 Book Value Per Share: 63.15 Positives: Strong...
This is a weekly time frame analysis of Hcl tech. The stock looks good for the short term. accumulation can be done till 1150.
NRBBEARING 1) Time Frame - Monthly. 2) Primary Trend strong breakout & All time high. 3) Expect 17.5% ROI in upcoming days. 4) Recommendation - Strong Buy
Glenmark Pharma, CMP - Around 788 If the closing price of Glenmark Pharma surpasses 797, I am contemplating a buy position above the 800 mark. To mitigate potential losses, a stop-loss order will be strategically placed below 760. Our anticipated price targets are set at 840 and 880, with consideration for trailing if market conditions prove favorable.
📈 **Weekly Time Frame Analysis:** Sharing the weekly chart of Hindustan Copper, a stock that personally appears quite promising. Here's why: 1. Fresh Breakout: Witness a new breakout on the chart, signaling a potential bullish trajectory. 2. Retest at 197: Notably, the price (197) has been retested in the daily time frame, adding to the positive outlook. ...
Apollo hospital has been bullish in past 3 days after it formed a positive reversal in the Daily-Time-Frame and took support at 5275 close to the 50 SMA. Today im observing a positive reversal once again in the 1Hr Time Frame. My Entry in Apollo Hospital would be at 5688, with a stop loss at 5653 and a target at 5759. Happy Trading!!
This is the BHARTIARTL about to give good breakout in weekly timeframe. Wait for the candle to close.