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Long Setup in Shobha LTDAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:SOBHA 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 on the Charts. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shouldeer Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:SOBHALong
by raigvivek
WIPRO LONG TERM INVESTING OPPORTUNITYBullish on Wipro for the long term coz: 1. Rounding Bottom Pattern in Weekly TF. 2. Crossing 200 dema 3. Breaking 10-month-old resistance 2nd time in a daily timeframe with an increase in volume and holding on 4. Trend: UP Trend in daily pattern; making HHs and HLs over daily TF trendline **BUY @ 417 **SL @ 395.75 **TGT 1 @ 610 **TGT2 @ 720 **Holding Period is approx 1 yr **RR:13 **Growth Potential 72% ** Note: In rounding bottom pattern, speedy growth happens in the later phase, do not exit early. You can trail your SL but not very tightly as rounding bottom pattern may give deep pullbacks that may through you out of the trade.
NSE:WIPROLong
by jvashisht1
2
Archean Chemical Industry: An undervalued Chemical GemNSE:ACI is looking ripe for a breakout in the near future. NSE:ACI has been languishing at 500-550 price level since 18th April 2023. However the candlesticks that have appeared on 3rd and 4th August 2023 gives hints about an upcoming bull run which could see it cross the 650 mark. Technical Analysis: Since 8th June 2023, NSE:ACI has been on a continuous downtrend but on August 3rd after opening at 495 (the lowest price it had reached in 2023), it formed a green candle and followed it up with a green candle the next day. Green candles have appeared showing a characteristic of hitting the bottom and bouncing back up. StochRSI has also crossed over the indicator line and has exited from the OverSold zone. This indicates the bullish momentum in the stock. Fundamental Analysis: With a PE ratio of 16.36, it is well below the sector PE ratio of 20.93. In the financial year 2022-23, income has risen 103%, assets increased by 14% and liabilities reduced by a massive 74% and a positive cash flow of 396 crores. Thus the stock seems undervalued for the might of its financial statements. Strategy: You can enter at current levels (515 - 520) with a stoploss at 490. Once NSE:ACI moves above 560, you can increase the stoploss to 540 - 550. Exit the position once NSE:ACI touches 650 - 660.
NSE:ACILong
by Aryan_Devaiah
Swingtrade in CESC.Over the past 14 years, the price has been moving within a rectangular channel pattern. It goes up and then comes back down to a support level, creating a significant demand and supply zone. Currently price trading at 25% down from its all time peek. As visible price has formed another parallel channel pattern inside the bigger pattern. It seems all set to give a breakout in daily timeframe. If the price breaks out with high trading volume and stays above the line, it's a good signal to start trading. We can go long (buy) and aim for at least a 18% gain from our entry point. Buy- 79 Targets- 94, 96.5 Stoploss- 74 Please note I am not SEBI registered. Do consult with your Finance adviser before investing. #SwingTrading #technicalAnalysis
NSE:CESCLong
by BullishLine
3
Big opportunity in Expleo Solutions.Hello Guys I hope you are doing well. Here I bring the complete analysis of EXPLEO SOLUTIONS. Please Go through all analysis which I have presented to you in a very easy to understand language. Fundamental Analysis: Expleo Solutions 1. About the Company: >>Fast-growing software company, especially with banks. >>Small-cap but growing steadily. 2. Financial Strength: >>Almost no debt, a good sign. >>Profits increasing by around 33% annually over 5 years. 3. Profitability: >>Good at making money, with an average of 26.8% profit on what it owns. 4. Ownership Changes: >>Founders have increased their ownership by about 14.9% recently. Foreign investors are also buying more shares. 5. Future Expectations: >>Predicted to have a strong quarter ahead. >>In summary, Expleo Solutions is financially healthy, profitable, and with increasing interest from its owners and investors, it's looking forward to a positive upcoming quarter. Technical Analysis: 1. Current Trend and Patterns: >>In the Daily timeframe, the stock is moving sideways. >>Initially, it formed a descending triangle pattern and broke out, but later retraced and created a "double bottom" indicating W shape recovery. >>We can also find an another pattern called Ascending Parallel channel pattern, connecting to the previous triangle pattern. >>Presently, the stock appears to be consolidating within this parallel channel pattern. 2. Price Reaction and Support: >>After Q1 earnings, the stock experienced a sharp 25% decline, reaching its support level. >>This significant drop could be due to resistance acting as a barrier. >>Despite the fall, sales and profit ratios indicate stability. 3. Current Situation and Momentum: >>The stock is currently available at a discounted level. >>Over the past 4 days, it has shown consistent upward movement. >>Positive RSI levels suggest favorable momentum. 4. Consideration for Entry: >>Considering the recent positive movement and RSI indications, entering the stock could be considered. >>Place a logical stop loss at 10% to manage risk. >>The potential target is a 25% profit. 5. Buying at Support vs. Breakout: >>Purchasing at the support level is safer compared to buying at breakout points. >>Although it might take longer to see gains, it reduces the risk associated with breakout trading. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:EXPLEOSOLLong
by BullishLine
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.
NSE:RELIGARELong
by Notorious_Trader
NESTLE INDIAHi, in this chart i found a good demand level for long in NESTLE INDIA stock...please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only i am posting... I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
NSE:NESTLEINDLong
by mistertraderofficial
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
OANDA:XAUUSDLong
by DNA_TradingFX
16
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
OANDA:XAUUSDLong
by DNA_TradingFX
16
GOLD 3/7: Gold price in early June before a slight recoveryThe gold price might not suffer significant losses due to the current economic challenges. The concerns about a global economic downturn, especially in China, could provide some support to the safe-haven precious metal and prevent more significant declines, at least for now. Market worries persist even after the release of a slightly better-than-expected Chinese Manufacturing Purchasing Managers' Index (PMI) for June, which recorded a reading of 50.5, slightly lower than the previous month's reading of 50.9. This could discourage traders from making new pessimistic bets on the gold price before important macroeconomic data is released in the US at the beginning of the next month. Gold price today is fluctuating at $1910 - $1920. A slight rally is forming SET up BUY GOLD at zone : $1910 - $1912 sl 1902 Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/3/2023
TVC:GOLDLong
by DNA_TradingFX
18
GOLD 29/6 ? Gold has collapsed below $1900Gold price prediction: XAU/USD is facing difficulties near its lowest point in several months and appears to be at risk of further decline. The price of Gold is being negatively influenced by central banks taking a more aggressive stance. Major central banks, including the European Central Bank (ECB) and the Bank of England (BoE), have indicated the possibility of further interest rate hikes. ECB President Christine Lagarde recently commented that inflation in the Eurozone is entering a new phase that could persist for some time. Lagarde also mentioned that the central bank is unlikely to confidently say that peak rates have been reached in the near future. BoE Governor Andrew Bailey, speaking at the ECB conference, suggested that interest rates could remain at their peak levels for a longer period than what traders currently anticipate. Gold price today is approaching the price range $1900-$1903 BUY zone at: $1900 - $1903 Based on technical analysis indicators EMA 34, EMA 89 , strong support zone 1900
OANDA:XAUUSDLong
by DNA_TradingFX
20