Short Term Swing Trading Idea in Mangalam Cement for 20% UpsideHi,
NSE:MANGLMCEM has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Midcapstocks
Short Term Trading Idea in Mahindra Life Space for > 10% UpsideHi,
NSE:MAHLIFE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Daily Bullish Flag Brekout in Savita Oil TechHi,
NSE:SOTL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Daily Bullish Flag Breakout in TBZHi,
NSE:TBZ has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
JUBILANT INGREVIAHello & welcome to this analysis
The stock after a strong retracement has gone into a sideways trend mainly due to the sector seeing sharp decline.
Currently in a triangle in weekly time frame, a breakout is probable above 515 while further downside should not be ruled out if it breaches 400.
Overall fundamentally a strong stock one could keep an eye for breakout and or accumulate with proper risk management in case of failure/exit.
Happy investing
12 Mar ’24 — 10:43 candle gives me cold shivers!Nifty Analysis - Stance Bullish ⬆️
Recap from yesterday: “If Nifty50 has to change its character, the price has to fall below 22295 and then below 22051 wherein the higher low will get violated.”
4mts chart
I was stunned by the Nifty50 and BankNifty price moves today. We started the day in line and then the 09.31 GREEN candle surprised me, a quick surge that took Nifty50 up by 134 points ~ 0.6% by 10.15. What followed was even scarier: a fall of 194 points ~ 0.87% by 10.43. A single candle moved 131 points ~ 0.59%. When was the last time you remember seeing Nifty move that much in a single 4-minute candle? We briefly violated the support of 22295 but got back in a quick time. From there on Nifty50 had no more aggressive swings and managed to close flat today.
On the higher time frame, the stance continues to remain bullish. As long as 22295 support holds, there is no meaning in revising the stance. One thing is sure, the sudden price moves we are seeing right now are quite indicative of a massive shift in fundamentals. Technical Analysis cannot detect the directional impact this early, but it would be prudent to keep an eye out for any possible clues. The small caps -1.98% and mid caps -2.55% are bleeding RED, and even some Nifty sub-sectors are also down by quite a bit - Realty -3.71%, PSU Banks -2.57%, media -1.85%, Metals -1.73%.
63mts chart
Glenmark Life Sci - nice long setupA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:GLS
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- possible Positive MACD Crossover
Disclaimer: This is for educational purpose only.
Weekly Long Setup in Alembic LtdA bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:ALEMBICLTD
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- possible Positive MACD Crossover
Disclaimer: This is for educational purpose only.
#ABFL PARALLEL CHANNEL BREAKOUT- WEEKLY CHARTAditya birla fashion weekly chart shows the breakout of the parallel channel.
CMP: 261
Retest may occur. If 1st retest fails then 2nd retest which would be 1st support is under parallel channel near 220 level.
Targets: 310/332
Rist reward: 1:1.5
Disclaimer: This is just for education purposes only. please research by yourself or take your financial advisor advise before entering the trade.
Long Setup In MuthootA Inverted Head & Shoulder Chart Pattern Breakout happened on the Daily Time frame of NSE:MUTHOOTCAP
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for Educational Purpose only.
Metrobrand Swing Long Setup - Metrobrand is currently looking perfect for an entry
- Kindly note that this stock is highly volatile and quite fast in liquidating stops
- In order to avoid that prefer entering once the liquidity grab is done
- I would suggest keep your risk low in every setup as I am bearish on the overall market
INOX Leisure Swing Long Setup - Inox Leisure is setting its base quite nicely
- I think if you are planning to buy a stock for a mid-term or short-term swing then you should go with this
- Inox in the next retracement can throw up big before that a Liquidity Grab is necessary
- Don't risk anything more than 2%
CNX FMCG Indices Technical Analysis - Nifty FMCG did play out exactly the way I had forecasted and now it's following my path.
- FMCG stocks can witness a good retracement and I think this isn't the right place to add them as well
- For any long term Investments better try understanding the fact that catching a bullet train in the middle won't help you in gaining money it will help you more in losing.
Rites Swing Long Setup - The Railway Theme inside the market looks very hot now
- IMO, rites is currently setting up in a way that once it induces back to the FVG it can show an impulsive move
- Point or scenario 2 can be where we directly see an impulsive move right from here so position yourself accordingly and do not over size or over risk
Godrej Industries: Seeding Prosperity in Every Chart 📊🌿Asset: Godrej Industries (GODREJIND)
Timeframe: Weekly and Daily
Technical Analysis:
Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term.
Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND.
50 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement.
Trade Rationale:
The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment.
Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for GODREJIND.
GODREJIND is currently in a demand zone, providing additional support for a potential upward movement.
The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory.
Trade Parameters:
Entry Point: Within GODREJIND's demand zone.
Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management.
Take-Profit: Targeting a conservative upward movement of 20% to 50%.
Exit Strategy:
Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated.
Risk Management:
It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy.
Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
POWERful flag Breakout in NTPCIntroduction: NTPC is India’s largest power utility with an installed capacity of 73,824 MW (including JVs), plans to become a 130 GW company by 2032. Established in 1975, NTPC aims to be the world’s largest and best power major.
NTPC has comprehensive Rehabilitation & Resettlement and CSR policies well integrated with its core business of setting up power projects and generating electricity. The company is committed to generating reliable power at competitive prices in a sustainable manner by optimizing the use of multiple energy sources with innovative eco-friendly technologies thereby NTPC is contributing to the economic development of the nation and upliftment of the society.
A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:NTPC
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price
MACD gave Positive crossover on Daily chart and Monthly chart and weekly chart, it is expected to move towards the positive territory. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 245 levels with the stoploss of Rs. 227 on weekly closing basis. The 1st target will be 259.25 , 2nd target will be 277.10, 3rd target will be 295.20 and 4th target will be 309.65.
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
Nice weekly long setup in ICILA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:ICIL
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.