Moving Averages
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.
📈 **$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
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.
RBL BANK next Bull from Banking SectorWeekend Pick 2: RBL BANK
Fundamentals : Decent, Profitable FY 23 vs previous Years, Quarter wise Profits and EPS consistent. FII and DII holding increased significantly..
Technicals : Bullish, upside breakout of the last 3 years range..
R 1: 330
R 2: 385
R 3: 445++
S : 220