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Moving Averages

PNB: Oversold Stock with inherent bullishnessTopic Statement: The stock has become oversold but shows recovery potential as it moves in an up-trending channel following a recent breakout over the downtrend line. Key Points: 1. The stock recently broke out over its downtrend line, signaling a reversal. 2. It is moving in an up-trending channel, indicating bullish momentum. 3. The price is currently below the 180-day moving average, making it oversold and a potential buying opportunity.
NSE:PNBLong
by yogeshwar
Balkrishna Industries (BALKRISIND) Monthly Chart AnalysisThe technical setup combines Fibonacci retracements, trendlines, and moving averages to reveal key insights into future price action. The following analysis covers key support and resistance levels, bullish and bearish scenarios, and potential trade opportunities. Trend Overview : The stock is in a long-term uptrend, supported by a rising trendline that has acted as a strong base. Recent corrections indicate a healthy retracement within this uptrend. Fibonacci Retracement Levels : The Fibonacci retracement is drawn from a major swing low to swing high. Key levels: 23.6% at 3,096.30. 38.2% at 2,966.30 (currently breached). 50% at 2,785.30 (tested as support). 61.8% at 2,605.30 (a critical level for buyers). 78.6% at 2,466.30 (final support zone). Support Zones : Primary Support: 50% retracement at 2,785.30 coinciding with EMA-21 (~2,661.59). Secondary Support: 61.8% retracement at 2,605.30 aligned with a consolidation zone. The long-term trendline also intersects around these levels, adding confluence. Resistance Zones : Immediate Resistance: 23.6% retracement at 3,096.30. Strong Resistance: Previous swing high near 3,374.30. Psychological resistance at 3,500. Exponential Moving Averages (EMAs): EMA-9 at 2,850.54 is currently supporting the price. EMA-21 at 2,661.59 aligns with the 50% Fibonacci level, acting as a critical support zone. The EMAs are in a bullish crossover, indicating long-term strength despite short-term corrections. Volume Analysis : Monthly volumes are consistent, with higher volumes during bullish candles, signaling strong institutional interest. The recent pullback has seen declining volumes, suggesting a lack of aggressive selling. Bullish Scenario : If the price holds above the 50% retracement (2,785.30) and regains 3,096.30, the uptrend could resume. Breakout above 3,374.30 may lead to new all-time highs, targeting 3,826.20 as per the Fibonacci extension. Bearish Scenario : A breakdown below the 61.8% retracement (2,605.30) and the long-term trendline could invalidate the uptrend. Further downside could target the 78.6% retracement at 2,466.30 and psychological support at 2,400. Trade Plan For Bulls : Entry: Near 2,785.30 (50% retracement) with confirmation of reversal signals. Target 1: 3,096.30 (23.6% retracement). Target 2: 3,374.30 (previous high). Target 3: 3,826.20 (Fibonacci extension). Stop Loss: Below 2,605.30 (61.8% retracement). For Bears : Entry: On breakdown below 2,605.30 with strong bearish momentum. Target 1: 2,466.30 (78.6% retracement). Target 2: 2,400 (psychological level). Stop Loss: Above 2,785.30.
NSE:BALKRISINDLong
by handaakshsy
About to breakout swing trading!!🔍 Key Observation: The stock is currently trading near a critical resistance level at ₹170. A breakout above this level can trigger further bullish momentum 📈. 🎯 Trade Setup: Buy Above: ₹170 Stop-Loss: 3% below the entry price (₹165) 🔐 Target: 🎯 First Target: ₹187 📊 Technical Signals: Resistance: ₹170 is a key breakout level to watch 🚀. Volume: Look for increasing volume to confirm breakout strength 🔥. 🧠 Action Plan: Wait for the stock to close or trade convincingly above ₹170 before entering. Set a tight stop-loss to manage risk effectively ✅. 💡 Risk-Reward: Favorable for short-term traders aiming for a 10%+ upside potential with controlled downside
NSE:WELLong
by piyushr401
Trading Idea: EMudhra Ltd📊 Pattern Formation: eMudhra Ltd is showing a retest of a breakout level, confirming support at the previous resistance zone. The stock is trading above the key EMAs (20, 50, and 200), suggesting continued bullish momentum. 💡 Entry Zone: A bounce from the current level (₹932) provides a buying opportunity. 🎯 Target: Upside target around ₹1,001, based on the measured move from the breakout. 🛑 Stop Loss: Stop-loss set at ₹912, below the key support zone, to minimize risk. 📈 Volume Confirmation: Watch for rising volumes on the upward move to validate the setup. ⚖️ Risk-to-Reward Ratio: This trade offers a favorable 3:1 risk-to-reward ratio.
NSE:EMUDHRALong
by piyushr401
Trading Idea: Gravita India Ltd (NSE) 📊 Pattern Formation: Gravita India is forming an ascending triangle pattern on the daily chart, a bullish continuation setup. The stock is consolidating above key EMAs (20, 50, and 200), indicating strong momentum. 💡 Entry Zone: A breakout above the resistance at ₹2,260 could present a buying opportunity. 🎯 Target: Upside potential target at ₹2,600, aligning with the triangle's breakout projection. 🛑 Stop Loss: Set your stop-loss at ₹2,186, just below the lower trendline, to manage risk. 📈 Volume Confirmation: Ensure higher volumes during the breakout to validate the move. ⚖️ Risk-to-Reward Ratio: Attractive 2:1 risk-to-reward ratio, making it a favorable setup.
NSE:GRAVITALong
by piyushr401
LICI: Oversold at Key Accumulation Zone Topic Statement: LICI's stock price has taken a severe beating, now oversold and trading in an accumulation zone around 900, which aligns with the 50% retracement level and lies below the 180-day moving average. Key Points: 1. The stock is trading in an accumulation zone around the crucial 900 level. 2. 900 corresponds to the 50% retracement level, indicating a potential support zone. 3. The price is below the 180-day moving average, signaling oversold conditions.
NSE:LICILong
by yogeshwar
ZOMATO: On A Steady Bull RunTopic Statement: ZOMATO is on a steady bull run within an up-trending channel, offering accumulation opportunities near the 180-day moving average despite struggling to sustain above 300. Key Points: 1. The stock is moving steadily in an up-trending channel, reflecting bullish momentum. 2. Accumulation is recommended when the price approaches the 180-day moving average. 3. The 300 level remains a critical resistance, with the price unable to hold above it.
ZLong
by yogeshwar
POWERGRID - very bearish after breaking out of double top DOUBLE TOP BREAKOUT - price of NSE:POWERGRID has recently broken out of a perfect double top pattern indicating strong downward pressure for the stock MORNING STAR CANDLESTICK - price has formed a morning star candlestick pattern at the last peak indicating bearish momentum for the stock CROSSED BELOW 200D SMA - the price has also recently crossed below 200D sma which is an indicator of strong downside pressure for the stock. TARGET - the price will go till 301.9 level
NSE:POWERGRIDShort
by peace_lover
Trading Idea for Nuvama!📊 Technical Setup: The stock is in an uptrend, respecting the rising trendline (📈 marked with arrows). EMA indicators (20, 50, and 200) are well-aligned ✅, confirming a bullish bias. The price has recently bounced from the trendline support, showing strong buying interest 🛡️. 💡 Entry Point: Buy Zone: Around ₹6,800–₹6,850 (current levels) 📍, aligning with the trendline and EMA support. ⛔ Stop-Loss: Place a stop-loss below the recent swing low at ₹6,730 ❌. This level invalidates the setup if breached. 🎯 Targets: Target 1: ₹7,100 (near the previous resistance zone) 🥇. Target 2: ₹7,400 (higher resistance zone, aligning with the rectangle breakout zone) 🥈. ⚖️ Risk-to-Reward Ratio: For an entry near ₹6,850 with a stop-loss at ₹6,730: Target 1 (₹7,100): Reward = ₹250 → Risk-to-Reward = 1:2.08 ✅ Target 2 (₹7,400): Reward = ₹550 → Risk-to-Reward = 1:4.58 ✅✅ 📌 Logic: The uptrend is supported by multiple trendline bounces 🔄, indicating strong demand. Price has held above the 50 EMA 📐, a sign of sustained bullish momentum. Volume spike near the trendline suggests institutional buying 💰. ⚠️ Caution: Avoid buying if the price closes below ₹6,730 🚨. Keep an eye on overall market sentiment 🌐, as external factors can influence stock movement.
NSE:NUVAMALong
by piyushr401
LTIM: Post-Breakout Dive Nears Key Support Levels Topic Statement: LTIM recently broke out above 6500 but faced a sharp dive during last week's market correction. Key Points: 1. The stock's breakout over 6500 was reversed by a significant price crash during the market correction and the price has created a gap as it moved downwards. 2. Trading under the 180-day moving average signals oversold conditions. 3. Selling pressure may persist, with critical support levels marked on the chart.
NSE:LTIMLong
by yogeshwar
HCLTECH: Bullish Momentum Awaits Quarterly Results Topic Statement: HCLTECH is on a bull run, moving in an up-trending channel, but overbought conditions may lead to a correction pending upcoming quarterly results. Key Points: 1. The stock is rising within an up-trending channel, indicating strong bullish momentum. 2. The price is overextended above the 180-day moving average, signaling overbought conditions. 3. The sustainability of the bullish trend depends on the outcome of the upcoming quarterly results.
NSE:HCLTECHLong
by yogeshwar
Bullish Breakout on Indian Renewable Energy LtdThe stock of Indian Renewable Energy (NSE: INDIANRE) is showing strong bullish momentum, with a breakout above the descending trendline that has been acting as resistance for several weeks. Key observations: Trendline Breakout: The price has successfully closed above the descending trendline, signaling a potential trend reversal. EMA Support: The stock is trading above the 200 EMA (currently at ₹190.05), confirming a shift in long-term sentiment to bullish. Volume Spike: A significant increase in trading volume accompanied the breakout, adding credibility to the move. RSI Momentum: The RSI is currently at 62.38, showing strength but still below the overbought zone, leaving room for further upside. Trade Setup: Entry: ₹218 (above the breakout candle's high for confirmation) Stop Loss : ₹205 (below recent consolidation and EMA 200) Target 1: ₹240 (prior resistance level) Target 2: ₹260 (next major resistance zone) Risk-Reward: This setup provides a favorable risk-reward ratio, with the potential to capitalize on the bullish momentum. Disclaimer: This is for educational purposes only. Conduct your own research or consult a financial advisor before making trading decisions.
NSE:IREDALong
by kausar13n
Bajaj Finance Weekly Swing Idea (Short)Bajaj Finance might retest the support & beyond. Here are the logic behind 1) Earlier attempt of breakout failed on weekly so bearish trend likely to continue 2) Trading BELOW 50 EMA & 20 EMA on weekly & BELOW 20,50 & 200 EMA on daily 3) Strong BEARISH ENGULFING CANDLE with sustained volume (Note: Author not responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:BAJFINANCEShort
by GauravPrasad_GP
Nifty Week AheadNSE:NIFTY Couldn't Sustain above 100 DSMA. Sell on Rise Structure is Still Playing Well. Aggressive Trader: Short at Current Levels With 100 DSMA as SL. Conservative Trader: Short When it gives Pullback towards R1 or 100 DSMA. Long-Term Investor: Can Add Near S1 and S2. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:NIFTYShort
by Karanshah137