Nifty on Radar - 27 MayA strong red candle with High High and Low Low structure.
The price could retest the level of 22800 which is an important retracement level.
Also the bands are in an expansion zone.
The probability on both sides is 50%.
Intraday trade range
S1-22,800 | R1-23,100
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Moving Averages
PNB, Intraday View for 28-MayTrend - Positive
Today's bullish candle has broken the structure which indicates the start of an uptrend.
The price could test the level of 137.
Probability of the next green candle is more than 50%
CMP : 129.55
Resistance : 137
Support-1 : 123.50
Support-2 : 119
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Granules Technical Outlook - 23 MayToday we have a indecisive candle (doji). A Doji above the upper edge of a triangular pattern indicates the weakness in the uptrend. The price could test the support level of 415. If tomorrow we get a red candle then a shooting star pattern will be formed. So, I am waiting for a trend to start.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
ITRON INC | Bullish Flag PatternNASDAQ:ITRI (Itron Inc)
Engages in the provision of solutions that measure, manage, and analyze energy and water use.
Operates through the following segments: Device Solutions, Networked Solutions, and Outcomes.
Entry Price :- 110
Entry Trigger Price :- 109.78
CMP
Stop Loss Trigger Price :- 108
Stop Loss Price :- 107.84
ESTEE LAUDER COMPANIES INC | Simple Horizontal Line SetupNYSE:EL (The Estée Lauder Companies Inc)
Engages in the manufacture of skin care, makeup, fragrance and hair care products.
It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced.
Stop Loss Price :- 127.20
Stop Loss Trigger Price :- 126.95
CMP
Entry Trigger Price :- 124.40
Entry Price :- 124.15
BUY TODAY Sell After a WEEK {#OPRA}I'm BULLISH on $OPRA. You can see there are hidden diversions on 1D chart pattern and You can also check StochRSI is very strong because of rate isn't that down but rsi comes down in graph. same with RSI. 2nd reason of bullish is Price close above 200 EMA & Giving Price Breakout Above 200 EMA
SHREECEM, Weekly Chart Technical OutlookA strong bearish piercing candle formed in the compression zone.
The candle gives a strong breakdown of the bands.
Trend is negative with medium strength.
The probability of down move of 7% is more than 60%
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Vedanta Levels, Inverted Hammer formed on Weekly ChartAn Inverted Hammer candle formed on the top of the trend. I use the Fibonacci tool for levels.
Zone : Expansion
Trend : Negative
Probability > 65% (On Scale)
CMP : 460.80
R1 : 507.10
S1 : 436.60
S3 : 393.00
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
$Bitcoin ($BTC) good setup : One Simple Horizontal line-In consolidation for 3 months (Long base means Big Breakout)
-Tested 71800ish resistance level multiple times and this time after testing took support of 10 ema (2 wicks) n signalling reversal.
-Good Shakeout U&R (Undercut and Rally, when price go lower than last lower: kicking out weak players , taking out their stop losses and rally back to upside)
-Signal Candles: Big Green Candles with vol showing buyers in action.
LIC Hosuing Fin testing weak resistance LICHSGFIN ready to break many time tested resistance which make it more prone for BO(breakout).
And sister stocks(by Jesse Livermore, stocks from same sector) : HUDCO n PNB Housing already gave good moves. And right now sister stocks are moving together: railway stocks, defense, infra.
-Clearly Green Vol > Red Vol
-Good Shakeout: when major ema undercut and rally (MAU&R) here 50 ema.
-Signal Candle: when stock move significantly with great vol, signifies buyers are in action
DARLING INGREDIENTS INC | Trend LinesNYSE:DAR (Darling Ingredients Inc)
Engages in the development and production of natural ingredients from edible and inedible bio-nutrients.
It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients.
Stop Loss Price :- 42.54
Stop Loss Trigger Price :- 42.45
CMP
Entry Trigger Price :- 41.18
Entry Price :- 41.10
Coal India Ltd (NSE: COALINDIA) Stock AnalysisKey Points:
Price Movement: In October 2020, the stock traded at an all-time low of ₹109.55. Recently, it made a new high of ₹507.35.
Trend: The stock has been gradually moving in an uptrend, with the 20, 50, and 100 EMAs being surpassed by the stock price.
Dividend Yield: 5.08%
Investment Consideration:
Coal India has shown consistent upward movement and strong technical indicators, making it a favorite in the PSU stock category. It has been added to my watchlist and portfolio.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult a financial advisor before investing. The author is not SEBI registered and is not responsible for any financial losses based on this analysis.
Conclusion:
Coal India Ltd demonstrates a strong uptrend and favorable dividend yield. It is a promising addition to a portfolio focused on PSU stocks.
Endurance Technologies Ltd (NSE: ENDURANCETECH) Stock AnalysisKey Points:
Market Cap: ₹29,961 crore
Current Market Price (CMP): ₹2,130.05
Average PE Ratio: 44.03
Dividend Yield: 0.40%
52-Week High/Low: ₹2,318.80 / ₹1,357.00
Beta: 0.54
Technical Analysis:
Upward Trend: The stock has been moving upward, forming a cup pattern on the daily chart.
Support and Resistance:
Resistance: ₹2,318.80
Support Levels: ₹2,026.34 and ₹1,951, where it can potentially show a reversal.
Patterns: In the daily and weekly frames, the stock shows reversals from the 50 and 100 EMAs and has formed a double top pattern.
Investment Consideration:
Endurance Technologies appears to be a strong candidate for a mid-cap auto sector portfolio addition due to its consistent upward movement and favorable technical indicators.
Disclaimer:
This analysis is for educational purposes and not financial advice. Always conduct your own research and consult with a financial advisor before investing. The author is not SEBI registered and holds no responsibility for financial losses based on this analysis.
Conclusion:
Endurance Technologies Ltd shows promise with its technical uptrend and key support levels. Monitor for potential reversals at the support levels before adding to your portfolio.
PEN / PENUMBRA INC | Inverted Cup and Handle PatternNYSE:PEN (Penumbra Inc)
Engages in the design, development, manufacture, and marketing of innovative medical devices.
It offers neurovascular thrombectomy and embolization and access technologies, neurosurgical tools, Penumbra LANTERN Delivery Microcatheter, and Penumbra Occlusion Device (POD) system.
Stop Loss Price :- 204.78
Stop Loss Trigger Price :- 204.37
CMP
Entry Trigger Price :- 198.75
Entry Price :- 198.35
SHC / SOTERA HEALTH COMPANY | Bear Flag/Rectangle PatternNASDAQ:SHC (Sotera Health Company)
Provides mission-critical sterilization, lab testing and advisory services to the medical device and pharmaceutical industries.
It also provides end-to-end sterilization as well as microbiological and analytical lab testing and advisory services to help ensure that medical, pharmaceutical and food products are safe for healthcare practitioners, patients and consumers.
Stop Loss Price :- 11.08
Stop Loss Trigger Price :- 11.06
CMP
Entry Trigger Price :- 10.76
Entry Price :- 10.74
CUMMINSINDThe chart is self-explanatory and is shared for educational purposes. CUMMINSIND stock is currently trading above the trendline post-consolidation phase. Additionally, it is trading above the moving averages of 50MA, 150MA, and 200MA. Considering these parameters, it is expected to move in an upward direction.
Double Bottom and retest in NazaraWe can see clear double bottom breakout and retest here. This retest is of significant level of earlier support and resistance of 745.
Weekly 20 and 50 moving averages are rising and prices are very close to these ma. Good risk to reward is possible. SL is 10% so need to keep qty less.
Caution Notes:
Try to learn the concept instead of looking for tips.
Master one strategy that suits your psychology and stick to it for consistent results.
This is weekly chart SL/Targets can come in 1~9 months time. This will not suit you if you are looking for quick gains in few days.
Use proper money/risk management to calculate position size.
Be disciplined to follow Stop Loss (SL).
I am not a Qualified/Registered Financial adviser.