🔹 Technicals: ▸ Large base breakout supported by high volumes ▸ 250% up move from March bottom to the recent top ▸ Currently, it's taking a pause and pulling back to 20, 50 EMA. ▸ There are 2 zones of interest for buying - first near the 20, 50 EMAs, and second near the demand zone at 33-36. ▸ Good chances of moving towards 60 and higher in the mid-term. ...
GLENMARK has consistently shown resilience and upward momentum every time it's graced the 200 Moving Average support. Once again, we're witnessing this pattern. The stock springs up robustly the moment it touches this pivotal support. Traders, if you haven't yet, consider seizing that retest long entry. However, a word of caution - if it's moved too far away, it...
🔹 Technicals: ▸ Base formation followed by a high volume breakout ▸ 150% up move from bottom of the base to the recent top ▸ Currently, it's taking a pause and pulling back to 20, 50 EMA. ▸ There is a good possibility that it will continue to move higher after consolidation Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is...
🔹 Technicals: ▸ Price got rejected from the previous resistance zone. ▸ It has closed below 200 EMA, which is long term moving average. ▸ A closing below 200 EMA indicates weakness and that the sellers are in control. ▸ If it manages to bounce from here, then we can see 1600, 1700 in the mid-term. ▸ If the demand zone gets violated, then the buyers will be in...
🔹 Technicals: ▸ Stock is in confirmed uptrend in the mid-term. ▸ Strong breakout in July supported by good volumes. ▸ Price is still above the key moving averages indicating a strong control of buyers. ▸ There is a demand zone near 20 EMA ▸ Previous swing high level near the 50 EMA ▸ A flip zone is present at 57-60 zone. ▸ This means there are plenty of...
🔹 Technicals: ▸ Base formation since the early 2023 ▸ Strong breakout of the base along with massive volumes, indicating a trend reversal ▸ Short-term flat base formation near the 20 EMA ▸ There is good possibility of an up move on the breakout of the short-term base Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT...
Coforge Ltd, Creating strong base ,good to buy for long term.... DIIS increased their Shareholding in Jun 2023........ www.screener.in
📆 Recommendation on NSE:SBILIFE for the week starting 4th September 2023 📊 Current Status: Closing Price: ₹1327.10 📈 52-Week High: ₹1374.00 🏔️ P/E Ratio: 70.36 📊 (High!) Sector: Financials - Life Insurance 💼 📈 Technical Analysis: 1️⃣ Parabolic SAR: Recent buy signal as of 1st Sep '23 👍 2️⃣ Fibonacci Levels: Currently at 0.382; eyeing 0.5 and...
📆 NSE:INFY Recommendation on NSE:INFY for the week starting 4th September 2023 📊 Current Status: Closing Price: ₹1443.85 📈 52-Week Range: High of ₹1672.60 🏔️ P/E Ratio: 24.27 📊 Position: Mid-range of 52-week high and low 🎯 📈 Technical Analysis: 1️⃣ Parabolic SAR: Recent buy signal 👍 2️⃣ Fibonacci Levels: Trending up past 0.618 📈 3️⃣ ...
Banknifty was bearish today after opening gap-down For tomorrow's trading session, if bank nifty opens between 45328.00 and 45442.00 levels then we would be waiting for a big momentum in both upwards and downwards direction. Targets can be achieved according to the levels. If Market breaks today's high level then we can go long to cover the gap which caused...
Today Nifty opened gap-down a big one and under 50 EMA and 200 EMA line as well. Hence our view towards today market was bearish. For tomorrow if market opens flat or between the level 19888.00 and 19917.00 levels then we will be waiting for the break-out or break-down of the marked levels. The levels between 19888.00 and 19917.00 level will be a no-trading...
FINEORG is attempting breakout from triangle pattern on 1D timeframe with high volume. It is also trading above 200 EMA. Go long after bullish confirmation.
JSW steel has given a break out of the inverted head and shoulder and has also retest the neck line on the weekly charts. The stock has formed a resistance around 830-835 levels and once these levels are cleared it can given good targets. Positional and swing trades should be created only when the resistance zone is cleared on the weekly charts. Levels and...
Nifty has given a nice marubozu candle on the weekly time frame with a good volumes. On the daily time frame, there is a RSI divergence and there is a good volume on the closing day. There was a gap up opening and it consolidated whole day taking resistance from 20200 levels and closed 89 points higher. On the hourly time frame, the market is still sustaining...
Candles breaking out the trend on weekly chart with the support of 50 moving average support
A Inverted Head & Shoulder Chart Pattern Breakout retested on the Weekly Time frame of NSE:MASTEK Price Action supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the level mentioned on the chart. Stop loss will be on a Weekly...
Mid term call: TGV Sraac (TGVSL). Taken good support at 20, 200 and 400 EMA levels. Might see good upside. Volumes also good.
Finally, banknifty has crossed 46k levels and has closed around it. Today the market was a bit volatile and remained sideways after an initial gap up opening. It tested 46100 levels and reversed making base around 45850 levels and consolidated in a 150-200 point range in the second half of the session. On the hourly charts, the market hasn't given a close above...