Longsetup
ICICIGI - Trend Reversal ? ICICI Lombard General Insurance Company Ltd is a leading private sector general insurance company in India.
Technical Analysis:
Weekly: Bullish Harami
Daily Time Frame: Hammer formed on 3rd Jan, volume slightly up
Publishing 2-Hour Chart, as Overall market trend is negative/downtrend. Observe the chart for trendline breakout. On weekly, it's near the 0.65 level, which is crucial. Entry points are mentioned in the chart.
Please share your view.
HAL up for Swing tradeHindustan Aeronaut Limited: CMP : 4476.85; RSI: 59.24
HAL has completed Intermediate wave-4 correction , and bottomed out at 200 DEMA, motive wave-5 may take the HAL price to 5500-5600 levels, making it a good candidate to accumulate for a swing trade.
Swing Trade Target 1 : 5500-5600
Next Resistance HAL: 4562-4704-4934
Stop-loss: 4100;
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Navin Fluorine - Positional SetupThe chart shows the possible supports and resistances. At present, the price is about to cross a predefined resistance area around 3450-3500. If crosses the zone and picks some momentum, we may see upper targets according to the setup.
Also, the gap area upside is to be filled in due time, of course in a bullish phase.
If sustains above 3500, may go to 4000/4200 or even more.
If sustains below 3200, this setup will go weak.
Decide your entry and exit levels and position size in accordance with your risk management.
All this illustration is only my view, just for learning and sharing purposes, not trading advice in any form.
All the best.
Astral - Keep An EyeThe stock price has dropped around 40% in the last six months. Now coming at the multiple support levels as shown on the chart. If it gives a reversal from the support levels, it may go into a bullish phase again.
It may reverse from 1550 or 1470 levels. One should wait for the reversal signs according to their setups.
Possible targets may be 1685/1770/1930+
The setup fails if the price sustains below 1440. Better to keep the position size following risk management or exercise hedging.
This is only for learning and sharing purposes, not a buy or sell recommendation. Please do your research before taking any trade.
All the best.
TRENT LONG IDEA...I'm taking long positions in the stock based on my Elliot wave analysis.
On breaking down Trent's chart pattern, I can see that the stock price is currently in the wave 4 correction of an upward major WAVE 4 movement.
I'm expecting a quick bounce back to the marked levels (wave 5 rally).
Please do your own analysis before you trade.
Maha Apex - Bottom Fishing The chart shows that the stock price has been moving in a parallel channel since August 23. This moment, again comes to the lower edge of the channel. If the pattern continues and gives a bounceback, it could be a good opportunity with a good risk-reward ratio.
The stock has been consolidating in a narrow range in recent sessions.
MACD shows a likely reversal too.
All important levels are mentioned on the chart.
One should keep the position size according to risk management.
This illustration is only for learning and sharing purposes, not trading advice in any way.
All the best.
Pre Market analysis for 06/01/2025
Pre Market analysis for 06/01/2025
#NIFTYBANK
If market opens flat and breaks 50900 level, will plan for selling for target 50500 level.
If market opens gap down, and sustains below 50900 will plan for selling for target 50500.
If market opens gap up, and breaks above 51400 level, then plan for buying for target 51700.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
RSI in trading The relative strength index (RSI) is a momentum indicator that measures recent price changes as it moves between 0 and 100. The RSI provides short-term buy and sell signals and is used to track the overbought and oversold levels of an asset.
It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition. The RSI is one of the most popular technical indicators, and it is generally available on most trading platforms offered by online stock brokers.
Pre Market analysis for 05/01/2025
Pre Market analysis for 05/01/2025
#NIFTY50
If market opens flat and breaks 24200 will plan for buying for target 24450 level.
If market opens gap down, and breaks 23950, then plan for selling for target 23700. level.
If market opens gap up, and sustains above 24250 level, then plan for buying for target 24450 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
AUDCAD 1-Hour Chart AnalysisOn this chart, AUD/CAD is displaying signs of potential support in the green zone. A downtrend line is evident, but the price has tested this trendline multiple times.
Key Levels:
Support Zone: Around 0.90800, which could serve as a foundation for a reversal if buyers step in here.
Resistance Levels (Targets):
Target 1: 0.91790
Target 2: 0.92025
Target 3: 0.92380
Target 4: 0.92700
Stop-Loss: 0.90680, just below the support zone to manage risk in case of a bearish continuation.
Potential Scenario:
Bullish Reversal: If price action breaks above the descending trendline, there is a possibility of a bullish move towards the first target at 0.91790. The break above would signal a reversal from the downtrend, potentially aiming for higher targets.
Bearish Continuation: If the price fails to hold above the support at 0.90800, it may continue downward, hitting the stop-loss level at 0.90680. This could provide a shorting opportunity.
This setup could be ideal for a trend reversal trade, focusing on breaking resistance levels and progressively moving toward the higher targets. Be sure to monitor for confirmation before entering, as this could avoid potential false breakouts.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
COLPALCOLPAL:
Colgate-Palmolive India Ltd is engaged in manufacturing/ trading of toothpaste, tooth powder, toothbrush, mouthwash and personal care products.
Weekly:
-At major support levels
-Signs of Reversal from major support
-Formation of Double Bottom
Daily:
- Formation of Double Bottom Pattern
-Trendline BO with Breakaway gap
Stock Accumulation levels: 2755-2780
Stop loss: Candle closing below 2680
Note: The above analysis is just for Educational Purpose!
Dabur India LTDDabur India LTD:
Dabur India is one of the leading fast moving consumer goods (FMCG) players dealing in consumer care and food products.
Weekly:
- There is a Bullish Divergence along with formation of W (Double Bottom) pattern
-Signs of reversal from major support levels
-Big Bullish candle being formed confirming morning star pattern on support levels
Daily:
- Consolidation/ Accumulation Breakout
-Trading above 20 and 50 MAs
-Breakout of range with good volumes
Stock accumulation levels:
Stock can be accumulated for long term till 520 levels
Stop Loss: Any Daily Candle closing below 502 levels
Disclaimer: The above analysis is just for education Purpose.
Chart Analysis for Bajaj Finserv Ltd. (Weekly Timeframe)The stock is forming a bullish triangle pattern, a classic continuation pattern signaling potential upside. The price is respecting the ascending trendline, showing strong support near ₹1,700 levels, while the upper resistance line has been tested multiple times. This signifies increasing buyer strength.
Key Levels to Watch:
• Support: ₹1,698
• Resistance (Breakout Level): ₹2,050
• Target Price (Post Breakout): ₹2,336 (derived from the triangle’s height projection).
• Stop Loss: ₹1,515 (below the trendline support).
Short-Term Long Trade Setup
• Entry: Around ₹1,700, once the price shows bullish confirmation (e.g., reversal candlestick patterns or high volume).
• Target: ₹2,050 (short-term) and ₹2,336 (medium-term).
• Stop Loss: ₹1,515 to manage risk effectively.
Market Sentiment:
The stock shows a bullish structure, supported by prior consolidation and breakout potential. Patience is key for confirming a breakout above ₹2,050 before expecting the measured move towards ₹2,336.
DISCLAIMER- Please do your own research before investing in the market. This is for educational purposes only
Himatsingka Weekly - Keep On watchThe stock price has formed a Cup & Handle-like pattern in recent years. In recent sessions, gave a breakout and on the retest levels now.
If it bounces back from these levels, may go into a bullish phase again which may carry the price to 255/305/ 450.
This setup is valid unless the price sustains above the purple trendline as shown on the charts.
In this kind of trade, one has to keep the position size and stop loss according to risk management.
This is only for learning and sharing purposes, not a piece of trading advice.
I wish you a very HAPPY NEW YEAR 2025 & All the best for your trading journey.
Angelone - Keep On WatchThe chart is self-explanatory. After retracing 100%, from 3900 to 2000 in July 2024 it has resumed upside movement in the last 6 months.
At present consolidating at the important resistance around 2800.
If it reverses from these levels, it may go into a bullish phase again.
Further targets are mentioned on the charts.
If sustains below the 2680 level, the setup will go weak. Do not hesitate to exit any trade when hits the risk capacity.
one should keep the position size and entry levels following risk management.
All this illustration is only for learning and sharing purposes, not trading advice in any form .
All the best for your trading journeys.
Siemens - Low Risk SetupCMP 6546 on 28.12.24
For the last 6 months, the price has been oscillating between 8000 and 6500. This moment again comes near the level of 6500.
If it bounces back from here, may go into a bullish phase again. One may look for a long setup at this point because of the good risk-reward ratio.
The setup remains active above 6550. If it sustains below 6450, the setup goes weak.
Before entering, one should wait for the reversal signs according to their setups.
All this illustration is only for learning and sharing purposes, it is not a piece of trading advice in any form.
All the best.
Pranik Logistics #VCPsetupPranik Logistics a recently listed IPO, is forming a super VCP setup and looks ready for a breakout, closing near 98 is necessary for the breakout to sustain. Company has a good revenue trend for the past 3 years, they have recently expanded their operations. It's a low float scrip and will high high volatility.
EMMBI: Long Term SetupThe chart provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest.
Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies.
Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
Railway Wagon Manufacture theme show positive for short term Triple bottom pattern breakout and retest is appears to be done , now with target of RR of 1:1.87 ,
expecting high order flow in upcoming Q4 + Budget within 1 month
overall basket is about 40-42k cr. valuation showing potential space to inflate market cap , and trading at avg of 6-7X of P/B value which is also quite good
NSE:TITAGARH
NSE:JWL NSE:TEXRAIL
No buying recommendation , Study purpose only
DUOR before invested
Disclaimer - holding sizeable Quantity in both NSE:TEXRAIL and NSE:TITAGARH