WIPRO C&H BREAKOUT WCBWIPRO breaking c&h pattern
weekly basis with good volume
good rsi ,trading above 20ema
#target 613-730
EDUCATIONAL IDEA
Moving Averages
BRITANIA TRENDLINE BREAKOUT WCBBritania breaking resistance trend line
on #weekly basis with good volume
rsi is good,trading above 20 ema
#target 6200
EDUCATIONAL IDEA
OIL F&P BREAKOUT WCBOIL breaking f&p pattern
on weekly basis with good volume
and rsi, macd crossover done
#target 580 soon
EDUCATIONAL IDEA
IIFL Finance - Perfect recovery candidate!!!!IIFL Finance is a perfect recovery candidate. Out of accumulation phase, it has given breakout and showing bullishness. Moving towards 650+. Others factors:
1. Breakout with volumes from accumulation phase
2. Volumes are building up
3. RSI postive
4. MACD positive
5. 20EMA crossing 200EMA
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
SUN PHARMA, Technical Outlook and LevelsDuring the crossover of bands the price has been trading in the upper zone.
The breakout of 1,525 will open the higher levels.
Keep this stock on the radar.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Silver Micro Futures (MCX), View for 5-JulyThe degree and nature of separation in both bands indicates a strong uptrend. Also the price is trading in the positive zone with a RSI of above 50. The price tends to move higher and could test the level of R1-94,489 with a stop out level of S1-89,800.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 5-JulyContinuously the price is facing resistance from the level of 122 and the price has failed to close above the level of 122. But today we have a very weak negative candle. So, the trend is negative with weak strength.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Breakout with buildup_LupinCurrently Lupin trading @ ATH.
Pros:- Stock closed ATH.
* Stock consolidated Almost 150days in weekly Timeframe.
* 💔 Breakout with build-up in weekly Timeframe.
* Bullish candle close @ Weekly Timeframe about to happen in weekly Timeframe.
* 20 EMA Support in weekly Timeframe.
*
Cons:- Index @ ATH
* If index reverses from ATH, Hedging will help you out with better results.
Happy Trading!! Only for educational Purpose.
LANCER there is tow clear indication to go up Lancer Container Lines Ltd In the 1w chart there is obvious indication to go long just because of the parallel channel and 200 ema here we can see that there is a clear rejection from the 200 ema line and the same point is the bottom of the parallel channel so the there is a huge probability to go up ..
HDFC Bank retesting the break out zone, looks bullish.
The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap.
It has retest the break out zone and the gap is filled.
HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels.
Entry :- Above 1528
Possible Targets :- 1556, 1588
Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/.
Wait for the price action on the bullish side for the entry.
Nifty weekly expiry analysis for 04/07/2024.Nifty on the daily time frame has formed a doji after a good gap up opening.
Market is travelling on the upper side which is a good sign for the trader waiting for a shorting opportunities.
Today it remained in a range from the lower range of 24230 to upper range of 24300. If there is a flat to slight gap down opening, the market will opening this range and trader can be initiated once the levels are breached.
In case of a huge gap up opening, there are chance of profit booking or retesting the current resistance zone.
Major Resistance :- 24300-310
Support levels :- 24240, 24180
Tomorrow is the weekly expiry for the index and this week the expiries had decayed at a certain levels after initial hour movements.
The consolidation today is the good sign for intraday traders and a break down can be traded with more conviction.
Wait for the price action near the levels before entering the market.
NBCC bullish target (177-178)NBCC looking bullish, It may ready for the next swing.
in 2 hr time frame higher high formation established
Electrosteel Castings another water theme related stockElectrosteel Castings (Electcast)
-from Strong Sector
-Clean setup
-Vol kickin in, clearly Grenn vol > Red vol
-Signal candle
-Good shakeout
TrentThe chart is self-explanatory and is shared for educational purposes. The Trent stock is trading above the moving average, and with strong trendline support, it is also forming a second-stage consolidation. This indicates that there could be strong upward momentum.
NATIONALUMThe chart is self-explanatory and is shared for educational purposes. NATIONALUM stock is trading above the 50-150-200MA with higher highs, also supported by a strong trendline. An uptrend is expected from this level.
M&M The chart is self-explanatory and is shared for educational purposes. M&M stock is trading above the moving average with strong trendline support lines. Considering the parameters, an uptrend is expected from this level.
HDFC BANKThe chart is self-explanatory and shared for educational purposes. HDFC BANK stock has broken its 200-150 moving average. Although there was a small correction from the 150 MA, it could have been a false breakout. Anticipating financial results and considering the trading pattern above the moving average, there is a high possibility for a long trade.
Maruti ready to bounce offering great Risk to RewardMaruti is ready to again bounce after a decent consolidation as is very evident from the Weekly chart. A good Risk Reward Trade. SL can be 12000 on a weekly basis but positional target can be 13000. Also hovering at 20WEMA and 100 DEMA which offers a little more comfort
TATAELXSI, Technical OutlookAs the price is already in a downtrend, now we have a fresh breakdown.
A short trade of 5% to 6% can be planned here.
What are your views on this short setup and which level is best for technical stop loss ?
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
IOC, Technical OutlookAfter the break of structure the price has been trading in the negative zone. The breakdown of 164 could open the levels of 161. But the range of 164 to 161.40 could also act as a strong support zone. But the probability of a negative move is high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
IRCTC, Formation of Darvas Box in the Compression Zone.According to the degree and nature of separation in bands the price is in the compression zone. Also a Darvas Box is formed in this zone. Wait for the breakout or breakdown of the box. Currently there is no trend in the price.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty on Radar, View for 25-JuneToday with a gap down opening the price has taken the support from the important level of 23,334. But as we see the price is following a divergence pattern with RSI. So, the probability of a negative move is high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 25-JuneToday we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
