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Moving Averages

Data Patterns Ltd: Analysis & Trading InsightsAnalysis: Data Patterns Ltd. boasts a market capitalization of 15,747 crore with a high PE ratio of 94.90 and a beta of 1.09. Its 52-week high/low is 3,208.95/1,512.00. The stock is currently exhibiting a descending channel pattern, finding support at the 200 EMA while facing resistance from the 20/50/100 EMAs. Friday's trading session, on 10/05/2024, closed with a doji pattern, indicating indecisiveness among buyers and sellers. Despite its strong fundamentals, including a high PE ratio, PB ratio, and EPS, investors should conduct thorough research before considering trading or investing in Data Patterns Ltd. Disclaimer: The following analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions. Investing in stocks carries inherent risks.
NSE:DATAPATTNS
by RSIBBTRADER
Kotak: Short term reversal (6 May onwards)On this Daily Chart, we can see that Kotak has made a recent swing low of 1546 on Friday after losing support from its 1650 level. The results were out yesterday and Kotak has announced 26% increase in profits beating the market estimates. This should potentially cause a reversal in price going forward. In the short term, price is likely to touch the 200D SMA (purple line) which also coincides with a trend line (in blue) creating an upside of about 15% from current levels. Indicators: 1. The EPS chart shows solid growth while the P/E is almost at a decadal low of 16.9 2. The RSI has bottomed out both in the Daily and Weekly 3. The price hit the lower threshold band of Fibonacci Bollinger Band (solid green line) indicating a possible bottoming out of price 4. The price is currently below both the 50D and 200D SMA, indicating short term bearish territory Risks: The current downtrend can also continue in the next week and the next visible support is at 1450 implying a downside of 6% Strategy: Given the growth drivers and a ridiculous valuation of the bank, the price is sure to make a reversal in coming days. Watch for the price action on Monday, and based on lower time frame price action, take entry. If the price comes down, towards 1450 levels, it should be used as an opportunity to build more positions instead of thinking about Stop loss and exiting. Happy Trading!
NSE:KOTAKBANKLong
by tej_s9
Coal India-Intraday for 29-04-2024- Wait and watch trades. Bullish 50 EMA has reacted last time and also golden crossover found in the recent trend. Bounced from support Buy May be above crossing strong resistance above 465. Bearish Trend-Over all downward to sideways range Already rejection candle found at Resistance level. Sell if any bearish signals found after rejecting from resistance level and below 50 EMA and below 453 Leading indicators should give confirmations while taking trade(RSI, Stoch, Isolators, Volume)
NSE:COALINDIA
by Swinging_Inside_the_BAR
UPL Intraday-Wait and Watch trades Trend 15 Min-Uptrend 1 Day and Week TF- Downward Key Level: 3rd Time Resistance retesting zone 50 EMA is key level which reacted many times Bearish Long Downtrend Price Rejection from channel and Horizontal Resistance Sell Below 50 EMA and 501.7 Bullish 15 Min Uptrend Buy-After retracement and 50 EMA Reaction 200 EMA is bullish Target and stoploss 5Points Risk: Reward(1:1) Leading indicators should give confirmation while taking trade(RSI, Stoch, Isolators, Volume)
NSE:UPL
by Swinging_Inside_the_BAR
Crude Oil Week April 29 to May 03 Time Frame: 1 Day 1. Rejection candles from Support zone and 50 EMA. Price has not allowed to break these key levels 2. Previous trend is bullish. Level breakout and under retracement 3. 50 and 200 EMA golden crossover Time Frame: 4 Hr Crude oil has bounced from previous key level(Resistance converted to support zone) 1. Trend is Bullish 2. Filled FVG and taken support for 50 EMA 3. Bounced from 200 EMA. Entry above : 7046 Target: 7257 ( 211 Points) Stoploss:6916 (130 Points)
MCX:CRUDEOIL1!Long
by Swinging_Inside_the_BAR
1
Biocon-An underperforming pharma stockBiocon is among few stocks which did not participate in Pharma bull run. However stock has recently given a big volume bounce from its demand zone. 295-300 is an important zone to watch out for as it is a confluence of trendline resistance as well as 200 Week EMA. 1st breakouts are normally traps so use pyramiding to save your capital. If stock posts good results , we might see good move in stock. Keep your eyes stuck on this if you like support bounce trades.
NSE:BIOCONLong
by chartistamey
Network18 Media - Bullish Signals on the Horizon!Attention to all savvy investors! If Network18 Media & Investments Limited has been on your radar, here's why now might be the right time to consider making a move: Strong Support on 200 EMA: Network18 continues to hold strong on its 200-Day Exponential Moving Average (EMA), a key indicator of long-term stability and a potential platform for growth. RSI Above 50: Adding to the bullish sentiment, the Relative Strength Index (RSI) for Network18 is currently above 50. This is a crucial indicator that signifies more buyers are entering the market, pushing the momentum towards a positive uptrend. Why These Indicators Matter: Holding above the 200 EMA suggests underlying strength, while an RSI over 50 typically indicates increasing bullish momentum. Together, these metrics suggest that the stock might be setting up for a potential rise, making it a strong candidate for those looking to capture gains in the media and investment sector. Investor Action: For those who value technical analysis in their investment strategy, Network18 offers a compelling chart with these signals aligning. It's a promising time to consider this stock as part of a diversified investment portfolio. Final Thoughts: Always pair technical analysis with due diligence and consider broader market conditions. If you’re bullish on the media sector and seek a stock showing strong technical support, Network18 might just be your next smart move. #InvestmentOpportunity #Network18 #StockMarket #FinancialWisdom #BullishSignals
NSE:NETWORK18Long
by kausar13n
Nifty monthly expiry levels for intraday trade 25/04/24.The index for last 2 trading session is consolidating in a range between 22350-22480 and is sustaining above the moving averages. A halt candle has been formed after a gap down opening which signifies that the market may give a trending move in coming days. The drop in the VIX has killed the option premiums and there was option buyers are waiting for a buying opportunity in the market. Tomorrow is the monthly expiry for the index and as the market is behaving a move can be seen, if there is a slight gap up/down or a flat opening. If there is a flat opening and consolidation in the first half, the break out or break down in the second half can give a trending move. Major Support levels:-22330, 22240 Resistance levels :- 22480, 22610 Market has remained volatile this whole month. For last 3 months dojis can be seen on the charts showing confusion among the market participants. Wait for the market to clear the trend for positional trades. Price action around the levels should be there for entering a trade.
NSE:NIFTY
by Mambotrade
FinNifty intraday trading levels for weekly expiry 23/03/24.Finnifty has given a gap up opening and closed around the opening price forming a dragon fly doji. If there is a gap up opening, chance of filling up the gap is highdn even testing higher levels are high. Major resistance levels :- 21500, 21630 Tomorrow is the weekly expiry for the index and it has consolidated today. A trending move can be there in the index. Gap down opening in the market may take some opportunities in intraday and there can be a consolidation as today. Watch for the levels and candlestick pattern around the levels. 21350 levels has been tested many times and if there is a break out after a flat to slight gap down opening, a trending bullish move can be captured. Support levels :- 21200, 21020 Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Nifty intraday levels for 23/04/24.Nifty has been trading in the bearish zone and might be this is the retest as it has closed around 61.8% fib level. Market has taken support from the previous low of around 21800 and recovered closing around 22300 levels. There was a consolidation after a gap up opening and it closed around the opening price. If the market gives a gap down opening, there will be chance of bearish move as the market recovered quickly from the low. Major support levels :- 22160-230, 22000 (round number) The market on the hourly charts has closed above both the moving averages which shows some positiveness in the market. Resistance levels :- 22500, 22620 Wait for the price action near the levels before entering the market. Gaps can alter the trading plan. Watch the price action around the levels and trade accordingly.
NSE:NIFTY
by Mambotrade