Longsignal
BUY LONG GBPUSDLong position of GBPUSD as its at important support level and there is a rsi divergence and there is low volume in market near this support level also market has previous rejected this level and Fibonacci golden level and now market has again reached this level meaning a reversal in GBPUSD.
GODREJPROP // Levels // 1hFor Godrej Properties (GODREJPROP) on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels:
First Support (S1): Around ₹1,450
Second Support (S2): Around ₹1,440
Resistance Levels:
First Resistance (R1): Around ₹1,470
Second Resistance (R2): Around ₹1,480
Natco Pharma Ltd: - A Prescription for Profits!Natco Pharma Ltd: From Cup to Breakout - A Prescription for Profits!
Technical Analysis:
Cup and Handle Formation: Natco just completed a textbook cup and handle pattern. It's like the stock was preparing a perfect cup of bullish tea, complete with a handle for easy holding!
Breakout: Hold onto your stethoscopes! Natco has broken out above resistance with more energy than a kid on a sugar rush.
Trend: The uptrend is so strong, it could probably cure the common cold (disclaimer: it can't, but wouldn't that be nice?).
Volume: Rising volume confirms the breakout. Traders are piling in faster than hypochondriacs at a pharmacy during flu season.
Support: Previous resistance at 959.80 now likely to act as support. It's like the floor and ceiling just played musical chairs!
Fundamental Factors:
Pharmaceutical sector seeing increased interest. Natco's producing more buzz than a beehive near a coffee plantation.
Potential new drug approvals or pipeline developments could be fueling this healthy rally.
Risks:
After such a strong move, a pullback is possible. Even the best medicines have their side effects!
Keep an eye on broader market sentiment and sector-specific news.
Trade Idea:
Consider long positions with a stop loss below the breakout level. Target the psychological 1,500 level - let's see if Natco can join the 1.5K club!
Remember, traders, timing in the market is like timing your antibiotic doses - crucial for the best results!
Key Levels to Watch:
New support (old resistance): 959.80
Next psychological resistance: 1,500.00
Stop loss consideration: Below 1,150.00
Disclaimer: This analysis is for educational purposes only. Always do your own research and manage your risk. Remember, the stock market, like the pharmaceutical industry, requires careful study and a strong stomach for volatility!
Stock Market Analysis Report: Cochin Shipyard Limited All aboard the Cochin Shipyard Limited stock, because this ship is ready to sail to new heights! 🚢💹 We’ve spotted some thrilling price action and technical patterns that promise a profitable voyage. Let’s dive into the details.
Price Action Overview
Chart Analysis
Current Price: ₹2,679.95
Daily High: ₹2,679.95
Daily Low: ₹2,405.05
Volume: 13.027M
Key Technical Indicators
Breakout Point Entry: The chart shows a breakout above the previous resistance level, signaling a strong upward trend.
Volume Spike: There is a notable increase in volume, confirming the breakout and indicating strong market interest.
Detailed Analysis
Breakout Point Entry
Formation: The stock has been steadily climbing, breaking through key resistance levels marked as A, B, and C. The latest breakout point entry is a clear indicator of bullish momentum.
Significance: This breakout suggests that the stock has the potential to continue its upward trajectory, as it has overcome significant resistance.
Volume Spike
Volume Increase: The recent volume spike is significant, as it demonstrates heightened trading activity and investor interest. This adds credibility to the breakout and suggests sustained momentum.
Implications: High volume during a breakout typically indicates that the new price levels are supported by strong buying pressure, reducing the likelihood of a false breakout.
Price Targets and Support Levels
Immediate Resistance: ₹2,800.00 - This is the next level to watch for potential profit-taking.
Support Levels:
Primary Support: ₹2,438.25 - This level should act as a strong support if the price retraces.
Secondary Support: ₹2,200.00 - A more conservative support level that aligns with previous
consolidation areas.
Why did the shipyard stock bring a life jacket to the market? Because it’s ready to float above the rest! 🛟📈
Conclusion
Cochin Shipyard Limited is exhibiting a strong bullish trend with a confirmed breakout and significant volume spike. Keep an eye on the resistance level at ₹2,800.00 and monitor the volume to ensure the breakout sustains. Happy trading, and may your investments be as sturdy as a ship's hull! 🌊⚓
Disclaimer
This analysis is based on historical data and chart patterns. Always do your own research and consider your risk tolerance before making any investment decisions
DMART - Is 20% upside from current levels probable?Hi Traders,
This morning my screener filtered 'DMart' among few other stocks. When I looked at it on the weekly charts I found some key info that might be pointing that this stock will likely be heading up.
10 Weeks Volume Analysis
Up volume is over 6 times down volume (more buying than selling)
8 weeks closing Green and only 2 weeks closing Red
Buying Trades Value Rs.9000Cr. Selling Trades Value under Rs.1500Cr. (Less investors are selling at current prices.)
PA operating above 3 months range.
Observation
Usually when a stock's data shows such information most of which is positive, then it is very likely to be heading up. My set up shows it can attempt 5600 level which would be 20% from current level.
While I am documenting this information for my own personal reference and study, I am indeed taking a position in this stock based on the above reasoning.
TradingView strongly recommends that you do your own research when it comes to investing. That is my advice too because you and you alone are responsible for your actions in the Market and in life.
I would be happy to hear any views on this stock or any other and you can feel free to reach me.
All the best
PriceCatch
Dr Reddy is Ready for Big rally The Doctor is Ready ( Dr Reddy )
Based on Monthly chart with the Parabolic Upside trend ( Purely based on my New STUDY ) ,
Dr Reddy is Ready for the rally.
Tgt 1 : 8412 - 8568±
Tgt 2 : 8823±
Tgt 3 : 9825 - 9952±.
Shared it for EDUCATIONAL/ REFERENCE PURPOSE ONLY.
IT'S NOT A BUY OR SELL RECOMMENDATION.
DO YOUR ANALYSIS FROM YOUR SIDE ALSO.
Don't get biased by my view. I may be wrong too 🙏
EICHERMOT: Bullish Momentum Indicates Potential Rally AheadEICHERMOT, as of now, exhibits a promising trend with its stock trading within a rising channel pattern. Targeting the first milestone near the all-time high resistance of 4200. If the stock maintains its position above this resistance level, there is a possibility of witnessing a more substantial rally in the future. Investors may find this development intriguing and could keep a close eye on the stock's performance.
Ashok Leyland: Bullish Momentum SignalsAshok Leyland, based on the analysis using the Stock Navigator by FnOGyan Indicator, presents a compelling long signal on the daily time frame. The indicator suggests a positive outlook, supported by strong volume building up. The stock has demonstrated resilience by repeatedly finding support near the trendline support area, indicating a robust underlying trend.
Chart patterns, such as the rectangle or flag pole, further contribute to the bullish sentiment. The formation of these patterns often implies a potential continuation of the current uptrend.
Investors are advised to keep a close eye on the stock as it approaches the all-time high resistance level. Sustaining above this resistance could trigger a more significant rally, offering potential opportunities for traders. However, it's essential to monitor the market closely and consider other factors before making any investment decisions.
ICICI PRUDENTIALStock P/E: 87.4
ROCE: 10%
Company has been maintaining a healthy dividend payout of 17.0%
Rs. 244 Cr Net Profit during last quarter.
Symmetrical Triangle Patterns are awaiting on Daily and Weekly time frame.
Entry: 554
Targets: 584, 615, 645, 676 ++
SL: 522 DCB
Remark: Short Term
Disclaimer: Strictly for educational and learning purpose.
CHOLAFINCholamandalam Investment and Finance Company Limited (CHOLAFIN) is engaged in providing vehicle finance, home loans, and loans against property. The analysis below combines technical indicators and fundamental aspects to provide a comprehensive view.
Shareholding Pattern:
Total Shareholders: 1,46,815
Promoters: 51.43%
FIIs: 21.51%
DIIs: 20.04%
Public: 7.03%
The company has demonstrated a robust profit growth of 23.8% CAGR over the last 5 years. Net Profit: ₹2,665 crore.
Considering the positive profit growth, anticipated good quarter, and potential technical indicators, there is a long signal for CHOLAFIN.
Entry: 1183, Targets: 1280, 1377, 1474, 1571 ++ SL: 1085 DCB
Disclaimer: Strictly for Educational and Learning purpose only.
HAL is Bullish 🐂HAL ( Hindustan Aeronautics Limited ) is Bullish as today it seems a high volume in buying side. It already broke its major resistance also.
The target price should be 2393.
Note : This is not any tip or recommendation it is just for learning purpose only. So be careful while investing.
Sequent swing bullish Prediction Sequent is performance based stock. It gave a breakout earlier and now after a nice consolidation it seems to move again in bullish direction.
Reasons:
Taking support at trendline near 200 EMA and VWAP.
Moving in Higher HIGH Higher LOW.
Important level are marked in the chart.
RSI breaking 50 to upside shows Bullishness.
Re-Breakout after 3 month of consolidaiton.
Verdict:
Bullish Movementum Continuous
Plan of action:
Buy: 101
Stoploss: 98
Target: 112-114
Bank Nifty Simple Analysis- Bank nifty took support today tried going up side making range bound in second half. and trapped many with volatile moves.
- May take dip before going up till 42100 to 42200 or stay range bound
- bullish move can be expected if cross 42350 and sustain. Bounce is expected till 42600 in coming days
Long Setup C&H Pattern in Religare, Confluence with Price ActionHello Everyone, Hope you all are doing Fine . Today we are going to talk About Religare buy opportunity. I will Explain Everything Each minor Details why I would go LONG in This Stock.
As you can Already see in the Chart . Price is Already above 200 SMA , Which means Price is in Uptrend in Daily and Weekly time Frame.
Major Resistance Level ( SupplyZone) is 190 to 194 Level. Previously Price reached to that Level and Correct itself and Reverse it from there.
Now the Scenario is Different Price again reached to that Level But this time With Good Volume and Cover Almost Last 3-4 session candle .
Cup & Handle Pattern Spotted as well . Which gives us more Confirmation to go long in this Stock.
Entry = 190
SL = 160
TGT = 260
Please do your Research Before Get into buying . This is my Style of Trading and I am sharing this to you because this Trading Style Suits me .
If you Have any Question Regarding this IDEA. Feel Free to comment down Below .
HAPPY TRADING !!
Disclaimer-: View is just for Educational purpose only.
Consult your financial advisor before taking any financial Decision.
3/7 GOLD. Expecting a short-term gold price recoveryThe Gold Price ended the previous week on a positive note, despite experiencing three weeks of consecutive losses.
However, there was a noticeable recovery as the price bounced back from the bearish channel's support, which has been in place for five weeks. Additionally, there was an upward break of a descending resistance line that had formed two weeks prior. This resistance line now serves as immediate support at around $1,917, indicating potential for short-term bullish movement in XAU/USD.
The recovery hopes are further supported by bullish signals from the Moving Average Convergence and Divergence (MACD) and the positive conditions of the Relative Strength Index (RSI) line, which is currently at 14.
Moreover, the clearance of the 50-SMA (Simple Moving Average) strengthens the upward bias for the Gold Price.
However, the dominance of Gold buyers is dependent on surpassing the 200-SMA and the top line of the previously mentioned bearish channel, which are respectively located around $1,948 and $1,954.
On the other hand, if the price breaks below $1,913, it could pose a challenge to the key support level at $1,900, which includes the bottom line of the aforementioned bearish channel.
Another downside barrier is the recent bottom around
Gold Price Forecast: XAU/USD continues to bounce off $1,900 considering Fed Minutes, US NFP, 1950 price recovery expectations
Set up: BUY GOLD zone: $1910 - $1912 SL 1900
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/3/2023
GOLD 4/7 !! The bulls are gradually regaining their positionThe current economic troubles may prevent the gold price from experiencing significant declines. Concerns about a global economic downturn, especially in China, could provide some support to gold as a safe-haven asset and prevent further losses, at least for now. Even though the Chinese Manufacturing Purchasing Managers' Index (PMI) for June was slightly better than expected at 50.5, it still reflects a slowdown compared to the previous month's reading of 50.9, maintaining market concerns. As a result, traders might refrain from making new pessimistic bets on the gold price until important macroeconomic data is released in the coming month.
The struggling economy provides some backing for the XAU/USD safe-haven. Weaker economic data coming from the United States raises questions about the need for the Federal Reserve to tighten policies further, putting USD bulls on the defensive and giving a boost to the price of Gold. It's important to note that the US Bureau of Economic Analysis recently reported that the annual PCE Price Index slowed down to 3.8% in May from the previous 4.3%, and the core gauge decreased to 4.6% in April from 4.7%.
Gold price prediction today remains stable in the $1920 price zone.
Set up GOLD PRICE at zone: $1920 - $1922 sl $1910
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/4/2023
GOLD 30/6 $$ Gold price continues to be limited, difficultThe USD is being supported by higher US bond yields, which is limiting the upside potential of XAU/USD.
Meanwhile, Fed Chair Jerome Powell has restated that the Fed is likely to raise interest rates twice this year and does not expect inflation to reach the target of 2% until 2025. These statements, combined with positive US macro data released on Thursday, have reinforced expectations for a 25bps rate hike at the upcoming FOMC policy meeting on July 25-26. As a result, US Treasury bond yields have remained high and the USD bulls are benefiting. This suggests that the Gold price is more likely to decrease than increase.
Gold price prediction at the end of June has not yet prospered, it can be kept at $1900 1 for a short time
BUY GOLD zone at: $1895 - $1898 sl $1888
Based on technical indicators EMA 34, EMA 89 and US political economic news, buy BUY gold as the plan above
GOLD 27/6 $$$ Will the bears prevail now?Investors will be closely watching speeches by top central bank officials this week, including ECB President Christine Lagarde, BoE Governor Andrew Bailey, Fed Chair Jerome Powell, and Bank of Japan Governor Kazuo Ueda. These speeches will be given at a panel discussion in Sintra on Wednesday. Additionally, Tuesday's US economic releases, such as Durable Goods Orders, the Conference Board's Consumer Confidence Index, New Home Sales, and Richmond Manufacturing Index, will also be important in influencing the price of Gold. Despite concerns of a potential recession, the downside for Gold is expected to be limited due to its status as a safe-haven asset.
Gold price is currently trading around the $1927 mark, the momentary downtrend is taking up the majority
Can buy zone at:
BUY ZONE : $1910 - $1913
AND BIG BUY zone : $1903 - $1900 sl 1890
Analysis of moving averages EMA 34, EMA 89 with stiff support at $1900 to BUY
MFSL Breakout BUY!MFSL LONG SETUP
Attached: Daily Chart as of 21st June 2023
- Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO)
- Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds)
- The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside pending)
- Daily RSI crossed above 70 today
- Daily MACD gave a Buy Signal today
Upside Target= 785/ 807🎯📈
Stop Loss= Today's Low (< 710)
BANKBARODA Long SetupAttached: Daily Chart as of 16th June 2023
Holding above 182, a Target of ~ 200 is pending🎯📈
Rationale behind this Setup:
- Observe Multiple Volatility Contractions as Price is forming a VCP
- Strength on any Dip as it gets bought
- Higher Highs and Higher Lows are intact
- Price trading near 52 week high zone
- PSU Banks are doing better than Private Banks so the money flow is shifting