Price appears to be deliberately pushed down for catching stops and huge buying happening at support levels. Sector supporting too Call option can be positioned
Why Jain Irrigation is bullish on the charts? Jain Irrigation was trading in a downward trend and in a downward parallel channel. Now , after the yesterday trading session the stock was able to break above the zone of bearish sentiment and a commitment is seen from the bullis to take the prices higher Also , the stock has a short term resistance at 73 / 74...
Had shared the same at 60 level also and I have been accumulating this gem for a long term gains. The following reasons First - Technically the stock had consolidated in the zone of support and has also been able to sustain the break out momentum Secondly- the overall improvement in the fundamentals of the stock in terms of governance and expansion- new store...
Bullish trend on the charts Following factors are contributing towards bullish momentum of the price firstly, the stock has broken out on the higher time frame and the rise in volumes is supporting price breakout. secondly if we see the ICHIMOKU indicator then the cross over on the weekly time frame has taken place above the cloud - as per the teachings it is...
POLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock. My thoughts (not a trading recommendation): 2 scenarios - I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks. I'd go short if the...
Technical Analysis: Exciting times for MAZDOCK as it showcases a compelling setup for swing traders, marked by a significant development in its chart pattern: 1.Rounding Bottom Breakout: MAZDOCK has been diligently forming a rounding bottom structure for over three months, indicating a potential reversal of the previous downtrend. The ...
Exide Industries has given a multiyear breakout after 5 years.... Stock can retest at levels of 300-305 Targets are 375, 406, 430, 456 My view is for long term Only for educational purpose Do your own research
On day chart Rune is pulling back to $3.5 now This level is demand zone and golden ratio so I think RUNE will bounce back from this level Wait for next move
Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Broadening Pattern 📌 Symbol/Asset: APLAPOLLO 🔍 Description: Stock is in a pattern and now near to the support level. View is bullish if support is intact. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
On Week TF Solana's in Fibo Channel and it's trading at $108 now I found a #FairValueGap around in range $80 - $96 so I expect SOL will pullback and bounce back from this range Besides, this range included #GoldenRatio So I think the chance for long position Time will tell
In weekly chart we can see after double top price was fall. And whole 2023 reate a strong support at 441.70. Very Strong Support - 441.70 Now 464 resistance level is breaking. If we see this week creating a red candle but volume is good and as expected price will go higher and touch 500 within couple of month. It Creating cup and handle pattern. If we see very...
Similar to the HDFC analysis I gave, Hindustan Uni has approached its major support zone where it has had three previous 12% rallies from. position Sizing is recommended... What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second...
Today rvnl has done a bullish break out With a bullish singnal on it. I recommend you to buy and hold it at least a month or so. You Will get good results. In fundamental analysis in February government will announce the budget of the rail way sector.which will inventualy pump the price till then I recommend you to hold. NSE:RVNL
Britannia Industries Ltd is forming a Symmetrical Triangle Pattern as it is about to give a breakout from 4600. Based on the pattern, one can enter around 4600 after the breakout and target can be set around 6250-6300 with Stoploss to be set around 4200. This gives us risk to reward ratio of 3.99. Pattern is forming on weekly chart with horizon of 2-3...
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!!
Zensar Tech for 2 targets marked on chart. May hit both targets by 10th Feb,24. Moving average and RSI also strong. Can be kept some for long term after both targets. Exit when price closes below stop loss on friday at 3:15 PM
INFOSYS has shown some sort of demand on 1hr timeframe right at the lower trendline which has been forming since 6+ months. One can make long position in the same with a target of the upper band of trendline. Stop Loss: SL has to be below 1,325 Entry: Entries can be made after formation of a strong candle on hourly timeframe which is also backed by strong...
EID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs. Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon. CMP: 565 Breakout level : Today's high (579) SL: 560 Targets : 540 / 700 Disclaimer: I'm not...