Longposition
TATA communications - retest at demand zoneboth major and minor pitchforks showing the least resistance path of price is to go up.
1880 to 1900 appears to be a minor resistance
bullish price action is valid even if bars go along lower line of minor pitch fork.
but expecting a good bullish bar soon towards minor resistance
price closing below the lower line of minor pitch fork - SL can be taken
CAMPUS ACTIVEWEAR LTD. Stock AnalysisTechnical Analysis Overview
Current Price: INR 288.95.
Moving Averages
Short-term (20-day), Mid-term (50-day), and Long-term (200-day) moving averages are all below the current stock price, confirming a bullish trend.
Alignment: The bullish alignment of the moving averages (short-term > mid-term > long-term) supports the continuation of the uptrend.
Union Bank | Swing Stock | Best Opportunity in Banking sector
#UnionBank is approaching a critical breakout level, with technical indicators reflecting improving momentum. The bank's market capitalization is robust, signaling strong financial health. Additionally, the banking sector as a whole is poised for significant growth in the coming days. Investors should closely monitor UnionBank , as it presents a promising opportunity for potential gains. Keep it on your watchlist and track its performance regularly.
- good market cap
- pe is lower
- sector is preforming well
- good for long term as well short term.
Do you own analysis and trad with your own risk management. its not personal recommendation.
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Best of luck
Regards,
INFOSYS - ANTICIPATING REVERSALSymbol - INFY
INFOSYS is currently trading at 1445.
1450-1400 is a good support area for INFY.
I'm seeing a trading opportunity on buy side.
Buying INFY Futures at CMP 1445.
I will be adding more if 1425 comes & hold with 1395 SL.
Targets I'm expecting are 1495 - 1570 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Devyani analysis Buy activated Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.
If we look at the chart:
The stock has broken out to upside. and expected to move higher high.
Reasons:
It has broken Falling wedge pattern to upside. (Bullish)
It has been consolidating for 8 months and now ready to move to upside. (Bullish)
RSI crossing 60 to upside means bulls are in the control of the market. (Bullish)
Price > EMA(13) and Price < EMA(200), good point to enter to bull side right now. (Bullish)
Verdict : Strong BUY
Plan of action:
BUY: 165
Target: 190
Stoploss: 158
Amar Raja Energy & Mob Ltd Analysis!NSE:ARE_M Daily Analysis!
Symmetrical Triangle Pattern formed in $NSE:ARE_M!
Symmetrical Triangle Pattern breakout in $NSE:ARE_M!
RSI Bounced Back from 50 Level
NSE:ARE_M formed a Symmetrical Triangle Pattern on the Daily time-frame. The stock is being in the uptrend by taking support on 50EMA. We can clearly see the breakout to the resistance trend-line with sufficient volume. RSI also bounced back from 50 Level. We can ride the rally with strict stop loss. Last candle has given a breakout we can enter either in the upcoming trading session or after retest. The important levels are on the chart itself, please have a look on it.
Trade Psychology and Setup:
Entry = Current price level is good to enter(865-870)
Target = 1052.15
Stop Loss = 809.90
Disclaimer = All my analysis is for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
AGI Analysis AGI Greenpac is a packaging company.
The fundamentals are superb, amazing profit growth seen in this quarter followed by improving Fundamental Ratios as well.
Here is the technical analysis-
CMP- 838 is not that bad for a fresh position
Targets- (Short to Medium Term) 983, (Long Term) 1000.
Stoploss- Trailing Stoploss from 756
Duration- Minimum 3 weeks.
On charts we can clearly see a reversal from the short term fall from the highs, the stock is of utmost quality and must be in your watchlist.
Let me know what you think.