Longsetup
Sparc - Low Risk SetupThe stock has been traveling in a wedge formation for the last two months. This time it is at the bottom. Can take a chance if bounces from here.
The setup fails if sustains below the lower trendline of the wedge for 2 days.
This is only for learning and sharing purposes. Not a piece of trading advice in any form.
All the best.
RVNL TECHNICAL AND FUNDAMENTAL ANALYSIS 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
Long Setup in Adani PowerAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:ADANIPOWER
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Risk to Reward ratio will be 1:2
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- On-Neck Chart Pattern
Technical Indicator :- Positive MACD Crossover
Deepak Nitrite Limited (DEEPAKNTR) 2 year range BREAKOUT🚀🚀🚀FOLLOW ME FOR MORE SUCH AMAZING IDEAS.
Deepak Nitrite Limited had been pretty quite in this bull run but not anymore. We are witnessing momentum in Chemical sector and Deepak Nitrite Limited is giving its breakout in this juncture.
The growth of the company is picking up quarter on quarter basis.
eps rising ✅
net profit rising ✅
sales rising ✅.
DRREDDY looks good for swing tradeDRREDDY has recently experienced a significant breakthrough by surpassing a major downtrend trendline. Following this breakthrough, the stock has found support at this trendline, exhibiting resilience during a minor pullback. Impressively, the pullback appears to be reversing, indicating a potential upward momentum.
Given these promising technical signals, the current market conditions suggest an opportune moment for considering an investment in DRREDDY. The combination of the trendline breakout, subsequent support, and signs of a reversal in the pullback could be indicative of a positive trend reversal in the stock. As always, it's essential to conduct thorough research and consider various factors before making any investment decisions.
Big Bullish Breakout in Reliance InfraA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:RELINFRA
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Long TRADE in LUPIN PHARMA Any who wants to add a quality stock in their demat can be go with LUPIN because lupin pharma share has been in very good strong upward momentum from the last 6 months and higher chances of that it will continue its upward journey .Because of the pattern of the share is like first go up and then go down , then again go up and then some downwoard moves , from last almost 1to2 months this process can be shown in charts also , and you can also see very well , so anyone who wants to outshine their portfolio can add this at their own risk management , at now level lupin share has favourable risk reward ratio , in all my ideas published in the trading view has a almost target of the 3 to 4 percent , after 3 to 4 percent target achieved my target is done.3to4 percent counts on current price which is shown in chart as well , so from my side this is good bet previously i shared ANANT RAJ in which almost 3 percent target is DONE AND DUSTED , and IMPORTANT NOTICE:-In my observation and analysis this share has can move without any market support , this share has countinuesly outperform market when our market are flat or consolidating between the area .WAITING TIME is almost 10 to 15 days holding period and , stop loss is nearly 1.5 percent of the current share price as shown in the charts ,, so anyone who can love pharma sector can go with this share with their risk capacity. in my observation this share can start upward journey soon , and yes this share can go up slow as seev in previous chart so dont go for very quick or fast move , this share headed upward slowly slowly . in my experience when a small fall occurs this share fill the fall within 5to6 days like slow and steady , so thanks for reading my long message if you read my message till now than you are amazing person and have a very serious mind in trading , because most of the people don't read this large message ha ha ha ha ha
DISCLAIMER:-I have already invested in this share , and all profit and loss in this share is BSE:LUPIN yours , my work is to share idea of the good company in which you will make a good return, and if you earn profit from this share so please feel free to comment in the comment section ,
LT - Seeing the opportunityAll levels are mentioned on the charts.
The stock comes near its five-month-old support trendline. If bounces from here, maybe in an uptrend again. the upside targets maybe 2350 or even more ( you can see the previous broken support retest behavior ).
The best entry price is as near as possible to 2150
If breaks down from 2150 for a couple of days, then the bullish view will diminish.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Reliance - At A BreakoutThe stock has been moving in a parallel channel for the last 2 months. Now comes to breach upper level. If crosses the channel and sustains above, may go to 2375 or even 2500 in coming sessions.
If sustains below 2290/80, will go weak.
The risk-reward ratio is very good at this point.
This is only my personal view for learning and sharing purposes, not a trading recommendation in any form.
All the best.
Gold Outlook 2024:Analyzing Bullish Trends, Key Resistance LevelBullish Bias:
Weekly chart indicates a bullish bias for Gold.
Relative Strength Index (RSI) comfortably above 50.
RSI-based 20-period Moving Average provides additional support.
XAU/USD remains within the upper half of a long-term ascending regression channel.
Key Levels:
Interim resistance at $2,060 with 61.8% Fibonacci trend-based extension.
Confirmation of support at this level could lead to a test of $2,125-$2,150.
Potential profit-taking in this range may temporarily impede the uptrend.
Further bullish targets at $2,200 and $2,440 based on Fibonacci extensions.
Sustaining above $2,200 is crucial for continued buyer interest.
Downside Support:
Strong support at $1,960-$1,950, including the 20-week SMA, 50-week SMA, and mid-point of the ascending regression channel.
Failure at this support could lead to a decline to $1,880 (100-week SMA) and $1,850 (200-week SMA).
Weekly close below $1,850 may attract additional sellers, opening the door for a move toward $1,800 (lower limit of the ascending regression channel).
Summary:
Gold is bullish with potential resistance at $2,060 and further targets at $2,125-$2,150, $2,200, and $2,440. Strong support is seen at $1,960-$1,950, and a failure could trigger a decline towards $1,880 and $1,850, with $1,800 as a lower limit.
Investors should monitor key levels for potential trend continuation or reversal, and the sustainability of support and resistance levels is crucial for determining the next directional move in the Gold market.
Bullish Breakout in ISMT LtdA Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:ISMTLTD
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
A Good Up-Swing Expected in HCLTECHA good short term opportunity has presented itself in HCL Technologies. Stock has shown a good bounce off the 50 DMA with strong volumes. The move is coming on the back of satisfactory results. Nifty IT index is also in a good trending structure. A powerful Bullish Engulfing has formed right at the moving average which gives more confidence to go long.
SL: This is a small risk trade with Stop Loss being right below the Engulfing candle, somewhere around 1199.
Entry: Entries can be made right away at the open of next candle or you can also wait for some retracement for better risk reward ratio.
Target: Target can be ATH of around 1350+
POWERINDIA - LOOKING GOOD FOR SWING -LONG ENTRYPOWERINDIA LOOKING GOOD FOR SWING :-
Volatility:
ATR% of the stock is 3.77%
Volatility is high.
Moving Average Observations:
Price above 50-day, 100-day and 200-day Moving average.
Moving average alignment is bullish. It is an uptrend & a bullish setup.
RSI Observations:
The Daily RSI indicator has remained above 50. This is a bullish zone. Current Daily RSI reading is 61.56.
ADX Observations:
The Daily DMI position remains bullish.
Donchian Channel Observations:
Price is above middle Donchian channel (Bullish).
Bollinger Band Observations:
Price is above middle Bollinger band (Bullish).
DIVISLAB looks good for long term investmentDIVISLAB looks good for long-term investment. Technically speaking, it has broken the major downtrend(solid white line) and it has also failed to make a new lower low by breaking minor downtrend(dotted white line). This resilient performance signals a bullish trend, suggesting favorable conditions for potential long-term gains.
INFY Trendline SupportINFOSYS 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 volumes
Target: Upper trendline, 1,490 - 1,500