TATA Chemicals: Bracing for a Potential Trend Reversal !TATA Chemicals has been showing signs of a potential trend reversal in recent days, as the stock price has been trading within a tight range and forming a bullish pattern. The market trend analysis suggests that the stock has been consolidating after a prolonged downtrend, indicating a possible shift in sentiment. The price action of TATA Chemicals has also been showing a higher likelihood of a breakout to the upside, as seen in the series of higher lows and higher highs forming on the charts. Furthermore, the technical indicators such as Moving Averages, Relative Strength Index (RSI) and the MACD have been signaling a bullish bias, with the RSI breaking above the 50 level and the MACD line crossing above the signal line. These indicators provide additional confirmation of the potential trend reversal, making TATA Chemicals an attractive prospect for traders who are looking for a potential buying opportunity.
Macdcrossover
Sterlite Technologies LimitedThis one stock is roaring bullishly in this bearish market, the stock has been rallying since the last three sessions and there seems to be no stopping in near time. After yesterday’s 4% rally, the stock again surged 4% in the early trade, as its demand is not seeing any signs of suppression. Finally, today it has given breakout with good intensity of volumes on daily time frame. If you think that the majority of the move has been missed, then you should have a look at the daily chart of the stock, which is eye candy to the bulls. Today, the stock gave a breakout above the trendline resistance of a symmetrical triangle chart pattern, after a long contracting range.
Also chart pattern like cup n handle was broken today, along with lots of indicators supporting same bias, also wave structure is suggesting bullish impulsive bias.
Elliot wave structure on daily time frame
Breakout from symmetrical triangle with good intensity of volume
Cup n handle chart pattern
Price closed above RK's Magic level and also closed inside Mass psychological cloud in daily time frame
MACD positive crossover and uptick above zero line in daily time frame
MACD positive crossover and uptick in weekly time frame
RSI uptick and above 60 in daily time frame
Price challenging upper band in daily time frame
DMI ADX positive in daily
Price above 50, 100, and 200 DEMA's
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
TUBE INVESTMENTS OF INDIA LTD - Multiple Indicators📊 Script: TIINDIA (TUBE INVESTMENTS OF INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY MIDCAP / NIFTY AUTO / NIFTY 500
📊 Sector: Consumer Discretionary - Automobile and Auto Components
📊 Industry: Auto Components - Auto Components & Equipment's
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and going to give breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2933
🟢 Target 🎯🏆 - 3272
⚠️ Stoploss ☠️🚫 - 2758
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
ADANI ENTERPRISES LIMITED - Volume Breakout + Bullish on Chart📊 Script: ADANIENT (ADANI ENTERPRISES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY METAL / NIFTY NEXT 50
📊 Sector: Commodities Metals & Mining
📊 Industry: Metals & Minerals Trading
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 3575.70
🟢 Target 🎯🏆 - 3885
⚠️ Stoploss ☠️🚫 - 3417
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Jubilant Pharmova Limited - Bullish on Chart📊 Script: JUBLPHARMA (JUBILANT PHARMOVA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Healthcare
📊 Industry: Pharmaceuticals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 69.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 370
🟢 Target 🎯🏆 - 450
⚠️ Stoploss ☠️🚫 - 329
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy Labh Pancham 🪔🎉✨
Happy learning with trading. Cheers!🥂
CNXENERGRY - Upward Moving Channel Key highlights: 💡⚡
📈 Index is moving in Upward Moving Channel since 4th Nov 2020 as mention in chart.
📈 Index is taking exact support of lower trend line.
📈 MACD is also giving Crossover.
📈 One may go for swing trade into ENERGY SECTOR.
KEEP AN EYE ON ENERGY SECTOR STOCK.
EXAMPLE - ADANITRANS , RELIANCE
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Thomas Cook India Ltd - Double Digit + MACD Crossover📊 Script: THOMASCOOK (THOMAS COOK (INDIA) LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Consumer Services
📊 Industry: Tour Travel Related Services
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages may give crossover in next trading session.
📈 Volume is increasing along with price which is volume breakout.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 81
🟢 Target 🎯🏆 - 91
⚠️ Stoploss ☠️🚫 - 75
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Nifty 50 - Educational Analysis on why the 7% drop - ConfluenceThis is an education post of understanding some possible reasons when a correction happens
_____________
Few Reasons for Nifty's Bearish Outlook (Short term)
1. Negative RSI Divergence - Price goes up and RSI goes down
2. Break of Rising Wedge Pattern
3. Break of previous swing low (17160)
4. Previous peak rejection making the 18100 as a double top
5. MACD divergence and crossover
_____________
Daily
Hourly
On hourly Time frame
6. Broke a major trendline
7. With a Head and shoulders
8. A rounding top
So multiple factors and views indicating - A confluence View
Delta Corp - Bullish on Chart📊 Script: DELTACORP (DELTA CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500
📊 Sector: Consumer Services
📊 Industry: Leisure Services / Amusement Parks/ Other Recreation
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Also Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 Looking bullish as per the technical indicators also huge volume in the stock in the last trading session.
📈 Looking good to add for short term.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 225
🟢 Target 🎯🏆 - 240/250
⚠️ Stoploss ☠️🚫 - 208
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
JINDAL STEEL & POWER - Multiple Indicators 📊 Script: JINDALSTEL (JINDAL STEEL & POWER LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500, NIFTY METAL, NIFTY MIDCAP
📊 Sector: Commodities, Metals & Mining
📊 Industry: Ferrous Metals, Iron & Steel
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 In weekly time frame MACD is giving crossover.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 433.35
🟢 Target 🎯🏆 - 473
⚠️ Stoploss ☠️🚫 - 415
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Happy Ganesh Chaturthi, ❤️🙏🏻 we wish that all hindrances and hurdles are cleared for you.
Michhami Dukkadam 🙏🏻 Michhami Dukkadam is all about Forgiveness and Kindness!
ASAHINDIA - VOLUME BREAKOUT + MACD CROSSOVER + SMA CROSSOVER 📊 Script: ASAHIINDIA (ASAHI INDIA GLASS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO / NIFY 500 / NIFTY SMALLCAP
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 todays volume is much greater then previous trading session volume which indicates volume breakout.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 624
🟢 Target 🎯🏆 - 676
⚠️ Stoploss ☠️🚫 - 604
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat🔁
Happy learning with trading. Cheers!🥂
Coromandel - Cup and Handle - MACD - LongCoromandel has given a breakout for cup and handle pattern.
For the benefit of those who are new, it is a bullish pattern.
On 29/6/22 it has given a MACD breakout with good volume.
It is followed up by cup and handle breakout on 4/7/22, the breakout has happened with good volume as shown in the chart.
On next day it has retested the breakout level and today it has closed above the breakout.
The cup has a depth of 254 points, the handle is having a depth of 83 points... which is almost 1/3rd of the cup's depth. Which I feel is ideal.
Target:
Breakout point is 970, target is +254 that is 1224.
52w high is 999, it may face resistance there.
Stop loss:
Low of the handle - 885
In present volatile market, you ride with the trend carefully!
Risk Reward is almost 1:4
Plan your risk management properly!
WELCORP-Welspun Corporation - Cup and HandleWelspun Corporation Ltd has given a cup and handle breakout.
As can be seen in the chart, the breakout is with a great volume.
RSI is around 73, MACD has also given a breakout.
As per the chart, target could be around 290 to 299.
Neck line can be considered for stop loss.
Trade with Care !!
Have a 'CUP' of tea with 'CRISIL' !!!!Crisil have given breakout from a cup and handle formation
above 3500 with peak volumes showing huge buying interest and sudden change in sentiment.
Both RSI and MACD are showing positive signs.
RSI has breached above 60 which confirms that bulls are very strong.
MACD has also shown crossover which confirms change in sentiment.
Precaution:- Since broader market are in negative node and there is death cross in Nifty
so try to buy near breakout level rather than catching at higher prices for better
risk-reward.
SHAREINDIA Rising in Silence !!!!As the title states , SHAREINDIA has steadily shown a breakout
of cup and handle pattern with accumulating volume without
facing much resistance at its neckline.
RSI is also showing a uptrend with higher highs again
a positive signal.
MACD is also maintaining its strength.
Technocraft Industries Wave 5 comingStock on weekly time frame has given flag breakout and looking bullish.
MACD has given positive crossover above zero line and MACD histogram also turned positive which are signals for upside
Expecting wave 5 to extend more than 0.618 Fibonacci levels.
Entry SL and targets are as per charts.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
Critical view on Nifty !!!!Nifty has took support where it should to be i.e. its previous consolidation range.
Also, nifty has reached its falling trendline where it has faced resistance for many times,
long after it crosses the trendline.
Strong support of RSI around 30.
Also, MACD crossover is visible.
Brent is ready for Ultimate breakout !!!!As stated 3 weeks earlier I had given a target of 110 on Brent when it was
trading around 94.And, my target achieved 🎯🎯
Then again 1 week earlier when my target of 110 achieved, I stated that Brent could
soon see levels of 120. And, my target achieved 🎯🎯
And now, if Brent gives breakout above 141.5 then it could rally above our estimates,
which is probably possible.