AMARARAJA BATTERY LOKING GOOD FOR SWING TRADEAMARA RAJA BATTERY looking good for a swing trade.
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The reasons behind the trade.
1. A triangle pattern had formed in this stock. The height of the pattern can be taken as the target for it.
2. The stock will soon give a break of its 50 ema.
3. and at last at the same price, the stock will break its flag and pole pattern.
Fundamental reason
1. the sales of automobiles had increased so the whole auto sector is being bullish and now it might be a bullish sign for Amara raja battery as well.
#AMARAJABAT #InvestmentIdeas #NIFTYAUTO #NIFTY50
Midcapstocks
Thermax Analysis !! Broke Out.📈 Thermax 📉
Thermax is breaking out from a resistance after testing three times. It was taking support at zone of 1650-1680 since December 2021.
On Buy Side I am looking for Targets of 2080-2100.
StopLoss should be kept in 1750-1780 zone.
It offers 1:1 Risk To Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
ARE WE STABILIZING AND HEADING TOWARDS RECOVERYWe have seen the pre COVID era when market was moving at a regular pace. MIDCAP was recovering after the fall of 2017. But suddenly as the dawn of 2020 we witnessed a huge crash.
As the crash was so sudden that is why most of the investors got panicked and we have seen a devastating sell-off. Though the fall was gigantic but the recovery was even bigger. In just a period of six months we not only recovered but also saw an unusual breakout is almost every stock.
Market continued to make new highs with very small corrections.
But suddenly after mid of October 2021 the correction tends to get deeper and deeper. Huge sell offs by the FIIs have made the retail investors anxious.
But this is not new. FIIs were already complaining about the high market prices of most of the stocks. Many of us would blame the WAR, elections and FED Rate hikes. But the matter of fact is that we were already witnessing this sell of since six months. And unsustainability from the highs even after the Indian Budget'22 just confirmed the forthcoming fall.
I do believe the correction was significant which was also a buy opportunity for long term investors. Maybe we are heading towards recovery as many of the stocks of Indian market have almost tested their levels of January/October 2020
KRITI INDUSTRIES DAILY CHART ANALYSIS AS ON 11.02.2022 POSTED 10.02.2022 for KRITI INDUSTRIES above 123 for a Target 128. Today 11.02.2022 stock couldn't break the Trend line to reach buy level. Market turned out to be bearish due to higher inflation in USA and more increase in fed interest rates.Market will continue to be volatile as DII are in buy and FII are in sell mode. Will update for any stocks only market turns positive for a buy and also any stock has the possibility to achieve Targets like NDTV which i had posted 10.02.2022.
PSP PROJECTS DAILY CHART ANALYSIS AS ON 27.01.2022PSP PROJECTS as per daily chart analysis Stock above 588 Target 594. Resistance at 595.
Being Friday 28.01.2022 its always been a Investors Profit Booking Day.
Considering two days bulls fight back Nifty might Trade between 17065 - 17219.
If Nifty opens Above 17150 then Resistance at 17219 / 17283 / 17313
If Nifty opens Below 17000 then support at 16936 / 16864 / 16775
SALONA COTSPIN AS ON 27.01.2022 TARGET ACHIEVED POSTED 26.01.2022 SALONA COTSPIN above 333 for a target 343 and on 27.01.2022 stock made a high 348 and closed at 314.
Being Friday 28.01.2022 its always been a Investors Profit Booking Day.
Considering two days bulls fight back Nifty might Trade between 17065 - 17219.
If Nifty opens Above 17150 then Resistance at 17219 / 17283 / 17313
If Nifty opens Below 17000 then support at 16936 / 16864 / 16775
SHARDA CROPCHEM AS ON 27.01.2022 TARGET ACHIEVEDposted 26.01.2022 for SHARDA CROPCHEM above 535 for a target 565 and 27.01.2022 stock made a high 577 and closed at 577.
Being Friday 28.01.2022 its always been a Investors Profit Booking Day.
Considering two days bulls fight back Nifty might Trade between 17065 - 17219.
If Nifty opens Above 17150 then Resistance at 17219 / 17283 / 17313
If Nifty opens Below 17000 then support at 16936 / 16864 / 16775
ASPINWALL AND COMPANY DAILY CHART ANALYSIS AS ON 21.01.2022ASPINWALL AND COMPANY as per daily chart analysis stock above 196 for a target 202. Resistance at 204.
If Nifty falls below 17617 then the support is at 17366 level.
If Nifty moves above 17617 then the next resistance is at 17833.
According to me being " W " pattern completed on 21.01.2022 nifty forming a doji shows it is heading with a " M " pattern.
FII selling been continuing and its keeping the market weak.
Companies have started declaring DEC 2021 Quarterly results and we are also closer to the budget announcement.
The market will be Indecisive and Range Bound.