FINCABLESFINCABLES:- CMP 426 LOOKS GOOD FOR MORE UPSIDE :)
1) Breakout (5month range) :)
2)Volume breakout
Midcaps
APCL APCL (Weekly):- CMP 298.1 LOOKS GOOD FOR MORE Upside :)
1) Multiyear Breakout :)
2)Good Volume Buildup (Since 26may2020)
#Disclaimer:-I just shared view for only educational purpose.
bse 400 mid cal small cap BSE 400 MID SMALL CAP
4 hour chart view
Support of 5195 needs to be held.
RSI has exited overbought zone and
further fall below 5195 can extend into
a correction to test the retracement of
of 38.2% -5013 which can put
pressure on the stocks.
Support on monthly chart is at 5082-5049.
RSI on monthly chart has hit the overbought.
Violation of support can set a minor near term
correction.
Consolidation above 5195 if happening fine that can lead
to
TEJASNETStock is in strong uptrend and consolidating since 22 days on low volume. It cab be bought at 137.50 with SL of 129.20
CONCORIt appears to have completed its pullback post recent breakout. It could now rally till 440 & 475. View would negate below 404
TATA CHEMICALSIt has entered into the PRZ of a Bearish Harmonic Butterfly suggesting a pullback/reversal in daily time frame till 340/335. View would negate above 370
Harmonic Butterfly Patterns usually indicate pullbacks of the larger trend (in this case the same being up) not major reversals. Such patterns are usually associated with breakout patterns and respective pullbacks.
TATA CHEMAs per Ichimoku Multi Time Frame Analysis it has given a bullish breakout in hourly time frame and a close above 321 would confirm so in daily time frame also. As long as it sustains above 316 it could continue the uptrend till 350
Smallcaps: lets catch this in a trending sector #Cybertech#Cybertech @ 53.30
1. a slanted Cup & Handle breakout (W)
2. trendline breakout (W)
ACCUMULATE for positional trade.
#Nifty #Nifty50 #smallcaps #midcapstocks
NIFTY bounces from 200SMA | Sell pressure after morning sessionNifty - Technical Analysis:
-Nifty gaped up around 11550 owing to positive sentiment and buying observed in midcaps and smallcaps due to the recent SEBI circular.
-We were unable to sustain above 11,550-11,575 which is a little concerning. Even if it were to take a day or two and then get past those levels, we are in bullish territory.
-NSE Nifty settled 24 points or 0.21 per cent lower at 11,440
Market - Driving Factors:
-IT and pharma led the rally as several small and mid-cap stocks registered smart gains today despite the clarifications put out on multi-cap schemes of mutual funds.
-Nifty IT and Realty indices jumped up to 5 percent while the broader market was trading on a choppy note. Shares of HCL Tech and Mphasis jumped 10 percent while those of Larsen & Toubro Infotech, Wipro, PCS and Infosys jumped up to 6 percent.
-Trade cautiously and look at earnings stability, if investing for the long-term in small-caps.
-On the flip side, BSE Telecom, Banks, Finance and Energy failed to perform and ended the day with losses.
Nifty - Outlook for Tuesday, 15th September:
Owing to US elections in November, we can expect volatility ahead. India VIX was up 2% today. People are suggested not to take huge risk in the coming months as we can see a government trigger coming. During the last US elections, before 20-30 days India came up with demonetisation. Due to the current scenario chances of a cheering clause can be expected. Small cap and mid cap rally can be benefitted from and good companies with earnings stability and growth can be cherry picked for good returns.
Nifty/Small Cap Relative StrengthPost SEBI's circular on Multi Cap this chart warrants attention. The current reversal which has seen the Small Cap Bullish revival is now at a monthly as well as weekly support of a Spread Strength Comparison of Nifty / Small Cap. For further out performance of Small Cap Index over Nifty (Large CAP) this support has to broken decisively. Else it might once again go and test it's recent high.
Relative Strength Study
HDFC LIFEAs per Ichimoku study it has completed its pullback post the breakout within a rising channel which suggest a probable rally till 575 provided it does not go below 495.
Wabco India - Good for medium term investment. Medium term investors may look at Wabco India, looks like a good buy around 6280-6330 levels.
Targets can be 6580 - 6780 in 2-3 months, keep 6140 as stop loss.
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This post is not an advice to speculate using leveraged products, one must thoroughly understand the financial implications, consult some financial adviser before taking any positions.
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Entry@480Future Lifestyle - Adding a pilot position @ 480
FLFL sales have been growing at 10.5 % since 2015. Earnings are growing at 71%. The stock is trading near an all-time high with a sustained price strength. I have initiated a pilot position and will be adding more depending on how the price behaves in the coming days.
IDFC Trade Coming up!IDFC could break out from its longer term resistance, leading to a strong rally. Or break down below its short term support trend, which would be a good time to initiate shorts. Will observe closely and take position accordingly.
