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Moving Averages

ICIBANK: Swing: 1D 16-Oct'24ICIBANK: Swing: 1D 16-Oct'24 ICICI Bank is trading in a channel (marked) for the last several months and is in a uptrend. ADX is 21 (>20). The ADX slope is -ve but seems like the slop is reducing and will turn positive in the coming days. The stock hit the bottom of the channel on 11-Oct24 with a red candle and then on 14-Oct'24 bounced back with green candle. Ideally the close of the 14-Oct'24 candle should have been our buy price but on 14-Oct'24 the stock was trading below 9 SMA On 15-Oct'24 too the stock continued its trend towards the upper end of the channel and closed above 9 SMA. Will initiate trade on y'days close Entry / Target / Exit ATR = 24.25 (15-Oct'24) Entering long @ 15-Oct'24 close 1255.5 Stop loss = 1 ATR below channel (needs to be monitored as the trade progresses) Target = Close to the top of the channel (needs to be monitored as the trade progresses) Exit criteria = Hits StopLoss || Reaches Target || Price goes below 9 EMA Risk:Reward = Unknown since the target and stop loss are yet to be defined. However, it looks like the it would be a 1:1.67 kind of a trade.
NSE:ICICIBANKLong
by ramanarvind
Godrej Consumer Ltd#stocks #investing #trading #trade #invest #swingtrade #bullish Key Observations: 1. W-Pattern Formation (Hourly Timeframe): The stock is forming a bullish “W” pattern, which typically signals a potential trend reversal, indicating possible upward movement in the short term. 2. Bullish Divergence in MACD: A bullish divergence in the MACD indicates that momentum is strengthening despite previous price weakness, further supporting a potential uptrend. 3. Trendline Breakout with Rising Volume: The stock has broken out from a falling trendline with rising volume, which confirms buying strength and suggests a reversal of the prior downtrend. 4. Support at 200 EMA (₹1,314): On the daily chart, the stock has taken support and bounced from the 200-day EMA, a strong indicator of long-term support and potential upside continuation. 5. Resistance Levels: Key resistance levels are seen at ₹1,360 and ₹1,410. A breakout above these levels could lead to further price appreciation. Trading Strategy: • Bullish Outlook: The combination of the W-pattern, MACD divergence, and breakout above the trendline indicates a favorable bullish setup. • Resistance Levels: Monitor price action near the ₹1,360 and ₹1,410 resistance zones for potential breakouts or pullbacks. • Risk Management: The 200-day EMA at ₹1,314 serves as a crucial support level. A close below this level could signal a change in trend, so managing risk with a stop-loss near this level is recommended.
NSE:GODREJCPLong
by karan_bagri
Stock Analysis: CampusDowntrend: Campus had been in a steady downtrend since October 2022, reaching a low of ₹213 in March 2024. 1) Trend Reversal: Recently, the stock broke its previous lower high of ₹300 with a strong bullish candle and high volume, indicating a potential trend reversal from downtrend to uptrend. 2) EMA Confirmation: The stock also crossed above the 200 EMA on the daily timeframe, providing additional confirmation of a bullish trend. 3) This dual confirmation suggests that Campus may be entering a new phase of upward momentum. Please note: Those considering investing should perform their own fundamental analysis before making any decisions. 📑
NSE:CAMPUSLong
by TechnoTrader10
TATA CHEMICALS Swing Idea (Long)Tata chemical is preparing for breakout in upcoming weeks due to following technical reason: 1) Breakdown failure of M pattern 2) Previous resistance for breakdown will act as support now 3) Asymmetrical tringle pattern formation 4) On Daily candlestick chart trading above 20,50& 200 ema On Weekly candlestick chart trading above 20 & 50 EMA On Monthly candlestick chart dragonfly doji formation indicating buyers in control (Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:TATACHEMLong
by GauravPrasad_GP
Adani Enterprises Swing Idea (Long)Adani has been accumulating for last 3 months expect it to move the advancing stage in upcoming weeks due to following reasons: 1) Double Bottom/W pattern Formation 2) Swing low are retested, Trendline are broken 3) Consolidation over last 3 months 4)Trading above 20,50 & 200 EMA on daily chart & weekly chart 5) Also a parallel channel break out 6) If switch to candle chart, there is pending exhaustion gap pending to covered. (Note: I am neither responsible for anyone's profit or loss nor I'm a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
NSE:ADANIENTLong
by GauravPrasad_GP
Banknifty analysis for weekly expiry 01/10/2024.Banknifty weekly expiry can be seen taking market towards another round number figure of 52500 levels. There was a good bearish movement on the daily charts, market closed 850 points lower. Chance of a follow through can be seen as both the index are moving in tandem. Watch banknifty breaching 52780 levels as there will be double support break down. Major levels to look for tomorrow :- 53060, 52780, 52625 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
Tech Mahindra Monthly Expiry (Short)Tech Mahindra can correct itself due to following technical reason: 1) DoubleTop Formation/ M pattern 2) Swing low are broken 3) On Daily chart trading below 20 EMA On Hourly chart trading below 20 & 50 EMA 4) Tried breakout yesterday failed today marubozu seller on daily candle representing seller's in control 5) Can correct further since it's breaking channel. (Note: Author is neither 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:TECHMShort
by GauravPrasad_GP
1
Stock Analysis: Rico Auto🚗 Multi-Year Breakout Alert! Rico Auto has shown significant strength with a multi-year breakout, surpassing its 2005 all-time high. Let’s break it down: Historical Resistance: The stock tested its 2005 all-time high two times: In 2017, it reversed from these levels. In 2023, it made another attempt but failed to break through. February 2024 Breakout: This time, the stock finally broke the strong resistance with good volume in February 2024. This breakout suggests a potential long-term trend shift. Current Retest: The stock has now returned to retest this key breakout level, which is now acting as support. However, there’s one thing to watch out for: 📉 EMA Overview: 50 EMA: The stock is currently trading below the 50 EMA. 200 EMA: It is also below the 200 EMA, indicating the long-term trend is still bearish. 🎯 What to Watch: A successful hold at the current support level could lead to an upward move. But the stock will need to reclaim the 50 and 200 EMAs to signal stronger bullish momentum. Keep an eye on volume and price action for a clear breakout or breakdown from these levels. Always conduct your own research and analysis before making any investment decisions. 🚨 #StockBreakout #RicoAuto #TechnicalAnalysis #SupportAndResistance #EMAAnalysis
NSE:RICOAUTO
by TechnoTrader10
HDFC BANK ( Looking goog to invest); small stoploss is enough;For short term investment ; Leave a " Like If you agree ".👍 . Wait for small retracement & daily candle to close above - "1650". Trade carefully untill ENTRY level. . Entry: 1655 / 1640 target: 1675- 1700- 1750 sl: 1640 / 1630 major stoploss/ support: 1600 . . Enter only if market Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency " 💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer old posted idea attached below.
NSE:HDFCBANKLong
by TheNuraTrading
Stock Alert: Mazagon Dock Shipbuilders Ltd.🚢 Reversal Pattern Alert 🚢 Mazagon Dock Shipbuilders is showing strong signs of a reversal near its support zone, accompanied by a significant volume breakout! 📈 This indicates potential buying interest and could present a great opportunity for those looking to capitalize on the momentum. Key Observations: 📉 Support Zone: Price held firm around a critical support area, indicating strength. 💼 Volume Spike: Sudden increase in trading volume suggests growing investor confidence. 🔄 Reversal Signal: Technical indicators point towards a potential bullish reversal. Keep an eye on this stock for a possible upward move! Always remember to manage your risks. ⚠️Disclaimer: The charts shared are for educational purposes only. Happy Trading! 💹
NSE:MAZDOCKLong
by TechnoTrader10
2