Longsetup
Bajaj Finance on the Move!The stock had been consolidating for quite some time, forming an ascending triangle within the pattern. I've marked a critical resistance zone, and a weekly close above this level could indicate a breakout signal. The move has already begun—let’s see how it unfolds! 🚀
Given Bajaj Finance’s strong fundamentals and robust business model, it's definitely a stock worth keeping an eye on. Fun fact: Did you know Bajaj Finance is one of the largest and most trusted NBFCs in India with a diversified lending portfolio across retail, SME, and commercial segments? 🔍
Are you tracking this potential breakout too? Share your views below! 📊
BLISSGVS Long Idea...BLISSGVS is consolidating in monthly chart. Taking trade after monthly confirmation (close above resistance) is good for safe trader
Personally I'm following it in daily charts to get a good early entry with some risk.
Lets see how it turns.
NOTE: NO idea of comapny Fundamentals. Just a technical take. Should plan trade with proper risk management.
Britannia - Low Risk SetupCMP 4834 on 05.01.25
The charts mention all important levels. This time, the stock has bounced back from a long-term support channel and formed a double-bottom pattern.
If the momentum continues it may go to 5240/5580 or more.
If it sustains below 4650, the setup goes weak.
one should keep the position size following risk management.
All this illustration is only for learning and sharing purposes, it is not trading advice.
All the best.
US 30 - What Next ?Since November 2023, the index has been moving in a rising parallel channel. This time, again, it comes to the lower edge of the channel.
If shows a reversal from the lower edge, may go into a bullish phase. MACD shows a reversal sign too. But merely this is not enough. should wait for some more confirmations. However, this is a good time to exercise a position with a low risk.
If gives a bounceback around these levels, may go around 44500 or more..
This illustration is only for learning and sharing purposes, it is neither a prediction nor a trading advice in any way.
All the best for your trading plans.
XAUUSDGiven the recent bullish candlestick patterns and the strong support at 2636, there is potential for XAU/USD to test the 2655 resistance level. A successful break above 2694 could lead to further gains toward the 2737 -2775 zone.
However, monitoring market conditions closely is essential, as geopolitical events and economic data releases can influence gold prices.
Apollo Micro-Do not miss this Volume breakout!Apollo Microsystems has given a breakout of consolidation with a strong weekly closing, almost forming a bullish marubozu candle
Stock will look good only when it retest level of 110 and bounces.
Levels mentioned on chart. I will not buy at CMP.
Stock has potential to fly at least towards 200 according to fib extension.
It is too good of breakout to miss. I have hardly seen such a bullish weekly candle recently when Nifty has been slight bearish.
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;
✅ For more trading ideas like this, please like, share, and follow my Idea Stream ✅
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