Moving Averages
CG Power: Range breakout on back of expected good QTR NumbersNSE:CGPOWER - Technical Analysis Update 🚀📊
Current Price: ₹479.65 (as of Jan 5, 2024, 12:08 PM)
Key Indicators:
Opening Price: Above critical level of ₹469.75, indicating a positive trend 🟢
Moving Averages: Recent bullish crossover in EMA and MA
MACD: Anticipated crossover in next 1-2 days; Current MACD at 6.85, Signal at 7.82
Stochastic RSI: Recovery from oversold, K at 61.25, D at 33.09
%R: -31.76, still below upper band
Fisher Transform: Positive crossover at 0.08 (Fisher), -0.37 (Trigger)
Market Outlook:
Positive momentum observed, with a break in the short-term price range.
Bullish signals from moving average and MACD crossovers.
Trading Targets:
First Target: ₹488.50 🎯
Second Target: ₹503.55 🎯
Caution:
STOP LOSS: exit around ₹461.55 - ₹461.80 (0.382 Fibonacci level).
Monitor closely for sustaining the upside movement. ⛔
Conclusion:
CG Power shows strong potential for growth, with key indicators pointing towards a bullish trend. Ideal for investors looking at short to mid-term gains. Stay vigilant and trade smartly! 🌟⚡
Disclaimer:
Informational Purpose: This analysis is for informational purposes and does not constitute financial advice.
No Guarantee: The accuracy or completeness of the information is not guaranteed.
Investment Risks: Stock market investments are subject to market risks, including the loss of principal.
Independent Research: Investors should conduct their own research and consult a financial advisor before making investment decisions.
No Responsibility: The author is not liable for any losses or damages arising from the use of this analysis.
Regulatory Compliance: This analysis is not a guarantee against regulatory risks.
Hashtags:
#CGPower #StockMarketIndia #TechnicalAnalysis#InvestingTips #NSEIndia #TradingView #StocksToWatch #MarketInsights #Finance #TradingSignals #WealthManagement #InvestmentStrategy #BullishTrends #FinancialPlanning
JWL - Triangle breakout 🚀My view on Jupiter Wagons Ltd
-CMP 342.8
-Triangle breakout in DTF & WTF
-Huge volume buildup near breakout zone
-Narrow MonthlyCPR
-Target 370|410|More
-Support 332-323 level
-Price rises from the convergence of 20& 50SMAs
#BREAKOUTSTOCKS #jwl #nifty
#nse #SEBI #bse #Multibagger
Swing Trade on BOSCHIn chart 22249 is a strong resistance. Price touch 2 times in history and comeback to 21506.
MACD indicate some divergent here and giving signal for down trend .
But my point of view if 21506 break with good volume and make a support with 2-3 trading day then price will be BOOM Next target will be 22400. (Also I'm expecting this)
If can't break the resistance then wait for trendline break don't aggressively short here with one parameter confirmation.
You can short after price goes down 21983.
Also I will update here time by time.
For more information Please follow or track me.
Ask anything for analysis
Thanks & Regards,
Kaustav Hazra
FinNifty weekly expiry levels for 02/01/24.FinNifty has formed a neutral doji and has shown selling in the last hour of the trading session.
On last two weekly expiries it hadn't shown some moment. There are chances of market giving some movement tomorrow.
Hourly candle has closed below the 20 ema and there was good selling from the day high.
Intraday targets for selling :- 21290-320, 21220
Markets are trading at ATH and higher trades can be initiated only if there is a price action or pattern formation.
Wait for the price action near the levels before entering the market.
Banknifty weekly expiry levels for 03/01/24.Banknifty has given a fall in daily charts, closing below the round number figure of 48k.
It is sitting around 50% fibonacci levels. Either it will retest 38.2% level or come to test 61.8% levels.
Major Support levels :- 47675, 47460
Tomorrow is weekly expiry and today itself has given a 470 points fall. If the market remain bearish the lower levels can be tested.
Resistance:- 48070-150, 48460
Market has given a retracement. There can be a chance of market reversing but will take a halt candle before reversing.
Wait for the price action near the levels before entering the market.
Deepak nitrite; min 20% return; TrendlineRefer our old idea attached below.
.
Midcap stocks are going to boom.
long term investment; min 40% return.
huge potential is there.
investment ;
Wait for retracement.
if you are interested in investment, go for it with small risk,
.
.
. more than that " Deepak Nitrite " is fundamentally good.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
refer over old posted idea attached below.
KHAICHEM about to fly 🚀My view on Khaitan Chemical and Fertlizer
- Round bottom formation in WTF
- Symmetrical Triangle #breakout in DTF
- 200DMA breakout
-Volume Spike
-Narrow Monthly CPR
#KHAICHEM #nifty50 #stocksinfocus #breakoutstocks #multibaggers #daytrading #intradaystocks #SwingTrade #GOLD
#nifty #nse #bse
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.
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