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Moving Averages

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
POONAWALLA : bearish after breaking out of descending triangle BREAKOUT from DESCENDING TRIANGLE pattern - price has recently broken out of descending triangle pattern with strong confirmation ie large red candlestick REVERSAL from 50D & 100D SMA MULTIPLE times - price has also reversed from 50D & 100D sma several times over the past few weeks. Also 50D & 100D have come very close to each other while price was taking reversal from them indicating even more strong downward pressure TARGET - 307.05
NSE:POONAWALLAShort
by peace_lover
ASSO ALCOHOLS & BREW LTD (ASALCBR) Breaking out! Should be in WLTechnical Analysis 1. Breakout Alert 🚀: The stock has broken out of a consolidation zone near ₹1,117 with strong momentum and above-average volume, signaling bullish intent. 2. Trend Confirmation 🔥: Both the 20 EMA (blue line) and 50 EMA (purple line) are sloping upwards, confirming the uptrend. The stock is trading well above these moving averages, indicating strength. 3. Support Zone 🛡️: Key support levels lie at ₹1,081 and ₹1,054. These levels can act as a cushion if the stock pulls back. 4. Target Projection 🎯: Based on the breakout range, the potential upside targets are: • ₹1,200 (psychological resistance) • ₹1,205 (measured move from the breakout). 5. Risk-Reward Setup ✅: • Entry 🟢: ₹1,118 – ₹1,120 • Stop Loss 🔴: ₹1,081 (below the last swing low). • Risk-Reward Ratio ⚖️: ~2:1, making it an attractive swing trade opportunity.
NSE:ASALCBRLong
by piyushr401
DR. REDDY Strong Candle FormationNSE:DRREDDY made a strong candle today Crossing Key Levels with volumes and closing above 100 DEMA. MACD Still Showing a BUY Signal, I have drawn support and resistance levels. If it breaks the resistance level it Will Cross ATM. Small Quantity can be added at the current Level for a Swing. 📌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:DRREDDYLong
by Karanshah137
2
EID PARRY: Long Term SetupThe chart provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest. Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:EIDPARRYLong
by NiftyNotion
NMDC Swing idea (Long)NMDC can give breakout due to following technical reason: 1) Breaking a range after 2+ month consolidation 2) Double bottom pattern(or W pattern) formation in daily & weekly chart 3) Trading above 20, 50 EMA on daily & weekly 4) Swing low are not broken, range is slowly shifting higher side (Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:NMDCLong
by GauravPrasad_GP
axis Bank: Selling Pressure with Gradual Buying OpportunitiesTopic Statement: Axis Bank faces selling pressure near the 1130 distribution zone, with potential to fall to 1000, a crucial support level. Key Points: 1. The stock is in the distribution zone around 1130, with repeated testing of this level increasing the risk of a breakdown. 2. A gap at 1060 from April 2024 may be filled soon, indicating further downside. 3. The price is under the 180-day moving average, offering a gradual buying opportunity as it approaches the 1000 support.
NSE:AXISBANKShort
by yogeshwar
1
BHEL : bullish after this breakout INVERTED HEAD AND SHOULDER pattern Breakout - the stock has broken out of the inverted head & shoulder pattern with gap-up indicating bullish momentum for the stock till the target is reached 50D SMA SUPPORT - the price has repeatedly taken support from the 50D sma line for last few days signaling upside potential for the stock REVERSAL FROM FIBONACCI RETRACEMENT LEVEL (0.5) - price has recently reversed from the 0.5 fibonacci retracement level with perfect accuracy which denotes bullish momentum for the stock after the reversal PROFIT - the target is 266.90
NSE:BHELLong
by peace_lover