Paradeep Phosphates ready to fire 🔥My view on #ParadeepPhosphates CMP 76
VCP pattern
ATH #BREAKOUT
Support at 68
Target 90|100|120
Monthly narrow CPR
Monthly resistance broken
#gold #crypto
Moving Averages
Nifty intraday trading levels for 02/01/24.Nifty for consecutive 3 trading session has been closing in a range. In the closing hour the market has closed below the hourly 20 ema.
RSI indicator is also showing some bearish divergence and there are chance of market trying to test the lower support levels.
Intraday targets for bearish move :- 21585, 21530
If there is a flat opening and market starts trading below today's low these targets can be achieved.
On the higher side, trades should be initiated above the resistance zone of 21820 with a proper Risk Reward ratio.
Watch for the price action near the levels before entering the market.
BIOCON C&H PATTERNBIOCON breaking c&h pattern
with huge volume and good rsi
trading above all key ema
educational idea only
SUNPHARMA C&H BREAKOUTSunpharma breaking c&h pattern
with consistently building up volume
macd crossover done
trading at ATH
EDUCATIONAL IDEA
ALKYLAMINE Falling Wedge BreakoutAlkyl Amines breaks out from Falling Wedge Pattern with higher volumes. It is trading above its 200EMA and other key moving averages.
Forget memecoins, SEI Crypto is the real deal. 5x or 100x? 🚀SEI momentum building like a SpaceX launch! Strap in for a long expectation rally that'll leave fiat in the dust! 🔥 #SEIToTheMoon 🌜
#SEICrypto #bullish #AltcoinRally #bitcoin
#BreakoutStrategy
#SupportResistance
#MovingAverageCrossover
#MACD
#RSI
DEEPAK NITRITE RESISTANCE BREAKOUT ON WCBDeepak nitrite breaking long term #resistance
#weekly basis with good volume
happy new year freinds
educational idea
MOTHERSON @ Crucial LevelThe stock is looking good for up move because of following reasons,
1. Stock above all crucial EMAs in weekly and Daily TF.
2. Huge Volume in Daily TF
3. Challenging the Annual Pivot (101.75)
4. Completed Correction Wave 2-3 in Weekly Time frame and starting Impulse wave 3-4.
Ashok Leyland. All time high resistance to supportA very good risk reward setup in Ashok Leyland...
All time high is broken and also retest done. Also it is taking support nr weekly 20sma.
It will show good momentum once new all time high is made..
Tentative SL and target marked on chart.
AUBANK INVERSE H&S BREAKOUTAUBANK breaking inverse h&S pattern
with good volume and rsi
trading above all key ema
educational idea
BHEL F&P PATTERN BREAKOUTBHEL breaking F&P PATTERN
with good volume and rsi
trading above key ema
educational idea
Bajaj FinanceThe stock is slowly gaining positive momentum on the daily & Weekly charts. It has formed the double bottom on daily charts. RSI is in bullish trend on daily and weekly charts. On moving average front 20 DEMA has crossover 100 DEMA. One can made trade at CMP with SL 7200 and Target 8000.
Market is on bullish sideMarket has created a inverted head and shoulder pattern which indicates market is bullish.
HEROMOTOCORP F&P BREAKOUTHeromotocorp breaking f&p pattern
with good volume and rsi
trading above all key ema
educational idea
DIVISLAB INVERSE H&S BREAKOUTDivislab breaking inverse h&s pattern
with good volume strong rsi
macd crossover done
educational idea
RBL bank can give 40% returnsRBL bank has been bearish since past few years.
Stock is showing strength and some signs of reversal.
Breakout Entries are always riskier. Levels mentioned on chart.
A consolidation above breakout zone is always a good sign.
BRITANIA H&S BREAKOUTBritania is breaking h&s pattern
with good volume and rsi
trading above all key ema
near #target can be 5250
educational idea
📈 **$IRCON Bulletin: Short-Term Alert! 🚀**🕯️ DOJI Setup Unveiled: Identify the characteristic DOJI pattern on the charts.
🔄 9 and 20 EMA Retest Completed: Confirm the retest of the 9 and 20 EMAs for added reliability.
🎯 Short-Term Long Position Opportunity: Position for potential gains in the short term.
🛑 Stop Loss: DOJI Candle's Low: Implement risk management with a stop loss at the low of the DOJI candle.
📈 Entry Trigger: Above DOJI Candle: Optimize your entry strategy by entering above the DOJI candle.
Unlock the potential and ride the wave with $IRCON! 🌊💹
Guidelines:
🧐 Conduct Further Analysis: Supplement this bulletin with your own analysis for a comprehensive view.
📉 Monitor Price Action: Keep a close eye on price movements to confirm the setup.
🚨 Adapt to Market Conditions: Be flexible in your approach and adapt to evolving market dynamics.
CRUDEOIL at the verge of a breakout while Nifty fallsCRUDEOIL at the verge of a breakout after traders booked profits from equity. It is supposed to pump money in commodity market.
Other Technical Reasons:
1) Taken support
2) Crossed 20 EMA
3) Good Volume Support
4) About to form ‘Three white soldiers’ pattern
Firstsource Solutions - Rounding Bottom This smallcap stock has formed rounding bottom on daily and weekly charts. MACD and RSI shows the bullish trend and could reach to all time high. But at 189 with a Stop Loss of 181 and targets of 220
M&M Fin - Ready for an up-moveM&M is showing indications of breakout on Daily charts. A moving average crossover is seen on daily charts, with 20 DEMA crossing above 200 DEMA showing indications of potential up-move in short run. Further, MACD has crossed the zero line showing strength for the up-move. One can enter the trade at 286 with a Stop Loss of 270. Target for short run will be 300 and closing above 300 could lead a short rally to 320-330
VOLTAS - A Risky BetThis stock has been underperforming with below expectation results. But with the technical indicators turning positive, one can take a risky bet on this stock. On the technical indicator, MACD line is crossing over the Signal line on weekly charges. Further, 20 DEMA is crossing 200 DEMA on daily charts indicating bullish trend in the short run. Further, there is rounding bottom formation on the daily charts. One can enter at 850 - 860 with a Strict Stop loss at 811. Look for short term target of 880 - 900.
