Get started

Moving Averages

Nifty weekly expiry analysis for 15/02/24.A bullish engulfing candle on the daily charts after a gap down opening is showing some positive momentum and there are possibility of market test 22k levels soon. Today the market remained in a bullish move from the morning and closed above the 20 ema. After a consolidation there was a good break out and market tested the resistance level of 21850. If there is a gap up opening above today's high, let market settle and test the break out zone and any bullish price action can be an indication of entering a trade. In case of a flat or slight gap up/down opening, wait for a consolidation and if the market consolidate in the first half, there will be a trending move in the second half. Tomorrow is the weekly expiry for the index. VIX has also cooled a bit. Major resistance level :- 21880, 21960-22000 Support levels :- 21810, 21750. The market is moving both side and is trading in a wide range. After 3 trading session the market has closed above 21800 levels which is another positive for a bullish move in the market. Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
Banknifty weekly analysis for 12/02/24.Banknifty has been trading in a wide range of 2000 points for last three week and is constantly trading around weekkly 20 ema. Though it has closed below the moving average and took a retest of 61.8% fibonacci level, giving a nice fall after it. Bullish trade in the index can be trade once it sustains above 46900-47000 zone as it will confirm a W pattern and take out fib rejection levels too. It is trading between the moving averages on the daily charts. Banknifty is kind of consolidating between the two and a blasting move can be seen once there is a break out or break down of the levels. Major support level for the market is 44550 and major resistance is around 47000 levels. 16 trading session and 23 days market has been trading between these two levels. Positional long F&O trade should be initiated after the levels are taken out. Short strangle with SL of the two levels can be entered and can be benefitted. Major support levels :- 44970, 44500 Resistance levels :- 46000, 416510-80 Wait for the price action near the levels before entering the trade.
NSE:BANKNIFTY
by TheMamboMomentum
WLD: Bullish Breakout Signals Potential Upside Momentum💎 WLD has recently broken out of the falling wedge pattern and risen above the 200 EMA, forming a W pattern. Additionally, it has exhibited CHoCH (Change in Character) towards a bullish structure, indicating a higher probability of a bullish move. 💎 If WLDUSDT manages to break out above the resistance level, we can anticipate a move towards the strong resistance zone, which coincides with a bearish OB. Furthermore, there's a possibility of a pullback to the bullish OB. However, it's advisable to secure small profits at each swing if the price moves as anticipated. 💎 Conversely, a breakdown below the bullish OB zone would signal bearishness, leading WLD to establish lower lows and lower highs, indicating a shift in market sentiment.
Long
by MyCryptoParadise_Nathan
ICP: Bullish Patterns Forming Near 200 EMA💎 ICP is currently forming an inverse head and shoulders pattern near the 200 EMA, with additional bullish indications such as CHoCH and Break Of Structure (BOS) occurring within this pattern. These factors contribute to a bullish market structure, which is further supported by the overall uptrend. 💎Furthermore, ICP/USDT is adhering to a supportive trendline, reinforcing the bullish sentiment. A bounce from the bullish order block (OB) can also be anticipated if the price demonstrates bullish candlestick patterns at this level. 💎However, if the price falls below the demand area, it would be considered a breakdown, signaling a potential shift to bearish movement in the market.
by MyCryptoParadise_Nathan
DOT: Bullish Momentum Supported by Breakouts and Patterns💎 DOT has found support within the support zone marked by the 0.618 Fibonacci level and has broken out of a descending channel pattern, forming a W pattern supported by the 200 EMA. Additionally, the price is displaying a Break Of Structure(BOS), further increasing the likelihood of bullish momentum. 💎If the price manages to break above the first resistance area, we can anticipate further bullish movement towards subsequent resistance levels. 💎In the event of a pullback, we may see a bounce from the bullish order block (OB) levels. 💎However, if the price declines below the support level, it could signal a bearish movement for DOT. Nonetheless, given the current bullish sentiment in the overall market, it would be prudent to align with the prevailing trend.
by MyCryptoParadise_Nathan
GRAPHITE INDIA: SHORT TERM BULL RUN EXPECTED📊 Graphite India - Technical Analysis - 02/02/2024 Current Status: Closing Price: 562.10 📈 Fibonacci Level: 0.786 🌀 Yesterday's Trend: Opening Price: Fibonacci Level 0.5 🌀 Movement: Upward to 0.786 📈 Signal: Parabolic SAR - Buy 🛒 Key Points: Entry Point: 567.95 🚪 Resistance Level: If trades above 567.95 🛑 Target 1: 576.20 or 575.95 🎯 Stop Loss: 536.60 🔴 / KEY FIBONACCI LEVELS Recent Trends: Crossed 50-day MA on 30/01/2024 📈 Short-term Bull Run 🐂 Increasing Volume 📶 Indicators: Static RSI: Middle Range ↔️ MACD: Expecting Crossover 🔄 Stochastic RSI: Upper Band Strength 💪 Fisher 9: Bullish Trend 📈 Conclusion: Recommended for short-term entry in the current volatile market 🌪️📊 Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍 Hashtags: #GraphiteIndia #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
NSE:GRAPHITELong
by finogent
PSP PROJECTS: Trend reversal into buy territory in offing📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧 Company Overview: 🏗 PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private and public sectors, showcasing versatility and efficiency in its operations. Market Performance: 📉➡️📈 After a recent fall, PSP Projects showcased a commendable recovery, jumping 1.53% on February 2, 2024, closing at approximately 766.50, above the 0.5 Fibonacci level. This significant bounce could indicate a potential trend reversal and sustained buying interest. Technical Indicators: 🛠 Fibonacci Levels: Closed above the 0.5 level at 766.50, hinting at a trend reversal. Moving Averages: Successfully crossed over both the 50-day and 200-day moving averages on February 2, 2024, signaling a notable turnaround. EMA & MACD: Entered positive territory, indicating bullish momentum. Parabolic SAR: Emitting a buy signal. MACD: In the buy territory with MC at 0.88 and signal at -1.45, histogram at 2.33. RSI: At 75.87, above the upper band and showing bullish momentum. %R: Trending upward, indicating strength. Fisher Transform: Indicates a buying crossover, showing strong support for the upcoming days. Entry Levels: 🎯 Aggressive Investors: Entry at 772.00. First target at 784.05, with a second target of 789.10. Conservative Investors: Consider entering at 776.00. Target and Stop Loss Levels: 🎯 Target 1: 784.05. 🎯 Target 2: 901.35. 🎯 Target 3: 817.50. 🎯 Stop Loss: 756.15. Market Outlook: 🌤 PSP Projects' recent performance, coupled with positive technical indicators, suggests a promising outlook. If the broader market opens positively in the week starting February 5, 2024, and PSP Projects follows suit, it could mark the beginning of a long-term bullish trend, provided macro and micro factors remain favorable. Caution: ⚠️ Given the stock's history of volatile swings, a strong trade above 776 is crucial for confirming its bullish potential. Disclaimer: ⚠️ This analysis is for informational purposes only and is not financial advice. Investors should perform their own research or consult a financial advisor before making investment decisions. Market conditions can change rapidly. #PSPProjects #TechnicalAnalysis #ConstructionSector #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:PSPPROJECTLong
by finogent
ADA : Bullish Breakout Signals Strength and Potential Upside💎 ADA has broken out of the descending channel and has displayed signs of strength, including CHoCH (Change of Character), BOS (Break Of Structure), and the formation of a W pattern around the 200 EMA. These factors collectively increase the likelihood of a bullish movement. 💎The current zone, previously a resistance area, is now acting as support, as evidenced by historical price action on a larger timeframe. 💎A pullback to the bullish OB levels, coinciding with the Fibonacci golden 0.618 level, is anticipated. This level presents an attractive opportunity for a bounce. 💎However, in the event of ADAUSDT breaking below the demand levels, it would be wise to refrain from seeking bearish opportunities, considering the overall bullish sentiment in the market. Capturing small bearish targets may not be worthwhile in such a scenario.
Long
by MyCryptoParadise_Nathan
FinNifty weekly expiry analysis for 13/02/24.FinNifty has closed 280 point lower on the daily charts, testing the 200 ema. The closing is around the moving average and once the averages is breached there are chances of it filling a gap upto 19700 levels. It has closed below the round number figure of 20k and consolidated near the lower levels, which shows that there are chances of a trending move on the expiry day. Even the VIX has gone up by almost 4% which will give option buyer some higher option premiums and decay may eat way the profits. Tomorrow is weekly expiry and last two expiry were sideways. Probability of a trending expiry is high and on the bearish side as per the technicals. Major support levels :- 19840, 19730, 19640 The index is showing a Lower High Lower Low formation and sell on rise is the market cycle. In case of a gap down, a sell off can be seen in the markets as there the momentum is on the same side. In gap up opening there will be a confusion as it will create indecision in the markets. Resistance levels :- 19980, 20220 Wait for the price action near the levels before entering the markets.
NSE:CNXFINANCE
by TheMamboMomentum
Nifty weekly analysis for 12/02/24.Nifty on the weekly charts is holding the higher levels. Still the index is looking confused about the tren. It is respecting the daily 20 ema and a nice support is taking from it. A long legged doji is formed on the close and still above the moving averages. There was a consolidation on the last trading day and chances of a trend move in the coming session is there. Let markets decide whether it wants to go to form a higher level or retest the lower levels. Major resistance is around the ATH of 22126 as it has reversed from it forming a double to pattern. A bearish trend will be confirmed by a daily candle close below the neck line forming a M pattern. Support levels :- 21650, 21500, 21370 The market trend is still in confusion. Wait for either side move and take trading in the direction market move. Major resistance levels :- 21810, 21875, 22000 Nifty has retested 50% fib level of the previous leg and if a bullish move is expected it should try to hit another ATH. Positional and swing trader should take on with banknifty as there is a confusion in nifty as there is an inside candle on the weekly charts. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
RUNE: Bullish Breakout Signals Potential Upside Momentum💎 RUNE has broken out of the descending channel and has also shown BOS (Break of Support). Currently, we are anticipating a pullback to the Bullish OB (Order Block) zone. 💎 In order to confirm the bullish momentum, we need to see strong green candles, preferably bullish engulfing candles. It's worth noting that the Bullish OB levels are supported by the 200 EMA (Exponential Moving Average), adding further confidence to bullish traders. 💎 Moreover, upon analyzing the chart of RUNEUSDT in a larger timeframe, we can observe a potential formation of a bullish flag and pole pattern. 💎 However, in the event of a breakdown below the Bullish OB level, it would be prudent to avoid seeking opportunities against the prevailing market trend.
by MyCryptoParadise_Nathan
PERSISTENT STOCK ANALYSISThe chart is self-explanatory and shared for educational purposes. 1. Moving Averages (MA): PERSISTENT SYSTEM stock is trading above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend. 2. Trendline Support: The stock has strong trendline support & accelerated trendline, suggesting that there is a well-defined upward trend in place. 3. Consolidation zone: A consolidation zone can be a trend continuation formation or a trend reversal formation, depending on whether the price breaks out of the zone in the direction of the previous trend or the opposite direction. 4. Trade with Stop Loss: This is a risk management strategy. Placing a stop-loss order helps limit potential losses if the trade goes against expectations. 5. Short-Term Investment Expectation: The suggestion is for a short-term investment with an expected return of 10% within 3 months. It's important to note that while technical analysis can provide valuable insights, it doesn't guarantee future outcomes. Market conditions, news events, and other factors can influence stock prices. If you're considering acting on this information, conduct thorough research, consider the broader market conditions, and be aware of potential risks.
NSE:PERSISTENTLong
by NK-PK
MOLDTE'CH: Short term bullish trend reversal ahead of earnings r📊 NSE:MOLDTECH Technical Analysis - February 2, 2024 🏭 Company Overview: 🔍 Mould Tech Technologies specializes in providing comprehensive engineering solutions, including structural engineering, mechanical engineering, and IT services. The company's expertise in delivering high-quality services positions it as a key player in the engineering sector. Recent Market Performance: 📈 On the last trading day, February 2, 2024, Mould Tech experienced a significant price jump of approximately 2.8%, closing at 277.00. This move has brought the stock close to the 0.382 Fibonacci level, a critical point indicating potential upward momentum. Technical Indicators: 🛠 Fibonacci Levels: The stock is nearing the 0.382 level, hinting at a bullish momentum. Moving Averages: Crossed over the 50-day moving average from bottom to top, currently at 272.46, while the 200-day moving average stands at 300.96. This crossover suggests a potential short bull run. Parabolic SAR: Issued a buy signal on February 2, 2024, indicating the start of a bullish phase. MACD: Showcases a buying crossover, with MACD at -1.02 and the signal at -1.45, supporting the buying trend. RSI: Trending upwards in the mid-range, indicating a positive buying wave with a K value of 68.52 and a D value of 58.37. %R: Positioned in the mid-price band but trending upwards, suggesting growing strength. Fisher Transform: At a value of 0.70 with a trigger at 0.18, indicating a trend but still in the middle of the band. Market Outlook & Strategy: 🌟 With the broader market's support, Mould Tech is poised for an uptick, with a first target set at 287.00 (0.618 Fibonacci level) and a second target at 294.05 (0.00 Fibonacci level) . An aggressive stop-loss strategy is recommended at around 261.15, considering the stock's potential volatility ahead of its earnings report on February 9, 2024. Entry & Exit Points: 🎯 Entry Point: Positive opening on February 5, 2024, may signal a buying opportunity, especially if EMA and MA crossovers occur. Target 1: 287.00. 🎯 Target 2: 294.05. 🎯 Stop Loss: 261.15, to protect against unexpected downturns. Considerations: ⚠️ Investors should monitor the stock's performance closely, especially with the upcoming earnings report. The stock's past volatility requires a cautious approach, despite the bullish indicators. Disclaimer: ⚠️ This analysis is for informational purposes only and not financial advice. Market conditions are subject to change, and investors should conduct their own research or consult a financial advisor. #MouldTech #TechnicalAnalysis #EngineeringSolutions #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:MOLDTECHLong
by finogent
Banknifty weekly expiry analysis for 07/02/24.Banknifty is consolidating in a range for last two trading session and chances are of a trending market on the expiry. Vix is trading around 15, if it increases there will be another sideways market, else there can be a trend market if the Vix cools off. Still, it is taking rejection from the 20 ema on the hourly charts, even the closing is below it. In case of a gap down opening, bearish trend can be capture upto the support zone. If there is a gap up opening, there will be confusion in the market and the expiry may remain silent. Major bearish targets :- 45300, 4500 Enter the bearish move only when the market sustains below 45560 and shows some negative price action. It has been respecting a trend line and taking rejection from it. Bullish entries should be avoided until markets start trading above 46500 level. Resistance :- 46040, 46550 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Nifty weekly analysis for 05/02/24.Nifty has tested the higher levels and got rejected from the high forming a hanging man candle on the daily charts. Weekly charts is still showing some postivity and it is still way high from the weekly 20 ema. The market has gained 500 points on the weekly close and is looking positive as compare to the other indices. Major support levels :- 21820, 21660, 21500 There is a possibility of a double top pattern formation but confirmation for the M pattern will be below 21230 levels. A confusion is there in the market as the budget was about to come this week and market participants were over excited for that . It will face a major resistance from ATH and if it goes up to the levels and consolidate from 2-3 trading session or create halt candle, high chances for testing 23k levels will be there. Resistance :- 21900 (hourly), 22130 (ATH). Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
GSPL: One more BUY push if everything goes good.NSE:GSPL (Gujarat State P Limited) Technical Analysis: A Week Starting January 23, 2024, Prognosis - Emphasizing Key Indicators for Short-Term Bull Run" 📊 Overview Stock: GSPL (Gujarat State Petronet Limited) Analysis Period: Week starting January 23, 2024 Current Scenario: Bullish Indications Emerging 📈 Technical Indicators Analysis Parabolic SAR: 🟢 Buy Signal: Detected at ₹306.70 📉 Last Closing: Around ₹344.80 EMA & MA Crossover: ✅ Buy Crossover: Confirmed at ₹322.69 MACD Analysis: 📈 MACD Value: 8.08 nearing 8.30 signal 🌈 Histogram: 0.21 indicating bullish momentum Stochastics RSI: 📊 K Value: 31.61 📈 D Value: 16.07 🔝 Indicates oversold situation & buying trend 🚀 Percentage R: 22.64 nearing upper band, suggesting strength Fisher Transform: 🐟 Fisher Value: 0.51 🎯 Trigger Value: 0.98 ✅ Indicates a buying crossover 🎯 Price Targets Target 1: ₹359.75 Target 2: ₹379.00 Long-Term Target: ₹414.50 (Near all-time high) 🛑 Stop Loss and Support Levels Crucial Support: ₹304.00 (0.5 Fibonacci Level) Exit Price: ₹295.60 (0.618 Fibonacci Level) ⚠️ Precautions 📰 Market Sensitivity: Stay alert to news in the petroleum sector. 🌐 Broader Market Influence: A positive market trend is crucial. 📉 Risk of Volatility: Be prepared for market fluctuations. 📝 Disclaimer 🚫 This analysis is for informational purposes only and not investment advice. ⚠️ Investing involves risks, including the possibility of loss. 🧐 Investors should perform their own due diligence. #GSPLAnalysis #TechnicalAnalysis #StockMarketTrends #BullishOutlook #InvestmentInsights #MarketAnalysis #FinancialForecasting
NSE:GSPLLong
by finogent
Keep an Eye - SUBEXLTD📊 Script: SUBEXLTD 📊 Nifty50 Stock: NO 📊 Sector: IT - Software 📊 Industry: Computers - Software Key highlights: 💡⚡ 📈MACD is giving crossover. 📈Script has taken support shown into chart and started moving upward. 📈Script is trading near upper band of Bollinger Bands (BB). 📈Volume is increasing along with the price. 📈Current RSI is around 63. 📈Keep an eye on Script, it may give breakout above 43.50 price. ⏱️ C.M.P 📑💰- 41.40 BUY ONLY ABOVE 43.50 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:SUBEXLTDLong
by radha_23
7
COAL INDIA: Higher Highs expected if MACD buy crossover happensTechnical Analysis Report: Coal India - Week of January 23, 2024 📊 Overview Stock Name: NSE:COALINDIA 📈 Technical Indicators Analysis Parabolic SAR (Stop and Reverse): 🟢 Buy Signal Detected at ₹367.75 🚀 Indicates potential upward price movement EMA (Exponential Moving Average) & MA (Moving Average) Crossover: 🔄 Crossover Event nearing and then diverging 📊 Suggests a strengthening bullish trend MACD (Moving Average Convergence Divergence) - 12, 26, 9: 📉 MACD Value: 8.03 📈 Signal Value: 8.75 🟡 Crossover Pending: Indicator yet to confirm the trend Stochastics RSI (Relative Strength Index): 🎢 K Value: 42.78 🎡 D Value: 17.41 🔄 Recent Crossover below lower level, indicating past corrections 💹 Market Statistics Price/Earnings (P/E) Ratio: 8.42 👍 Indicates a potentially undervalued stock Beta: 0.61 📉 Suggests lower volatility compared to the market Dividend Payout Ratio: 53.26% Dividend Yield: 6.14% 💸 Indicates a solid dividend return 🎯 Target and 🛑 Stop Loss Stop Loss: ₹362.35 📌 Set at Fibonacci 0.5 level Target Price: ₹410 🏹 Based on current momentum and indicators ⚠️ Precautions 🌪️ Volatility Alert: High price levels may lead to increased volatility. 🔄 Consolidation Phase: Short-term consolidation possible before further movement. 🧐 Investor Caution: Monitor for changes in market conditions. 📝 Disclaimer 🚫 This analysis is for informational purposes only and should not be construed as investment advice. ⚖️ Investing in stocks involves risks, including the loss of capital. 💡 Investors are advised to conduct their own research or consult with a financial advisor. #CoalIndiaAnalysis #TechnicalAnalysis #StockMarket #Investing #finogent #MarketTrends #FinancialInsights
NSE:COALINDIALong
by finogent
FinNifty weekly expiry levels for 06/02/24.FinNifty is trading in a no trading zone of 21200-21450. It has consolidated today and tomorrow being weekly expiry can give a trending move. It is trading between both the moving averages on the daily time frame. Watch it take support around 200 ema, a short term bearish trend is confirm. If the market opens gap up and takes rejection from the upper zone, good R:R ratio trade can be initiated with target of 21200. In case of a gap down opening, there will be negative signs and position can be created below 21200 support zone. Major bearish targets :- 20230, 20020 The market is trading in a volatile cycle and giving hard time to option buyers. Option seller will enjoy the markets as the VIX is high (closing 6.5% higher). Resistance levels for expiry :- 20450, 21560 Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
HINDOILEXP: opportunity for steep rise.🔍 Technical Analysis Update for NSE:HINDOILEXP - Week Starting January 23, 2024 📊 Current Status: The stock closed at a high of ₹186.85 on the last trading day. It has been range-bound since August 2023 but recently breached a six-month high before closing just below it. 📈 Entry Point: Consider entering the trade if the price crosses and sustains above ₹189.80 in the next day or two. This could signal the start of a bullish trend. 🎯 Target: The first target is set at ₹196.40. 🛑 Stop Loss: A key stop loss point is at ₹172.85, aligning with a critical Fibonacci level of 0.5 at ₹172.75. This acts as a strong support level. 💹 Key Indicators: Volume: Increasing volume supports the potential bullish trend. Percentage R: Positioned at the upper band, indicating bullishness. Stochastic RSI: A buying crossover has occurred in an oversold situation, further supporting bullish prospects. 🚦 Overall Outlook: The stock is showing signs of breaking out of its long-term range with increasing volume and positive technical indicators. Monitoring the stock's ability to maintain above ₹189.80 will be crucial for confirming the bullish trend. ⚠️ Disclaimer: This analysis is for informational purposes only and is not financial advice. Investors should conduct their own research and consult a financial advisor before making any investment decisions . 🔖 #HindustanOilExploration #StockAnalysis #BullishTrends #TradingStrategy #StockMarket #InvestmentTips 🌟 Stay informed and trade wisely! 🌟
NSE:HINDOILEXPLong
by finogent
Trade Smart in Turbulent Times in SyngeneNSE:SYNGENE , a leading global discovery, development and manufacturing organization catering to the pharmaceutical and biotech industries, is under the spotlight for this week's technical analysis. Entry Logic 🎯: The stock has recently crossed its 50-day moving average (MA) of INR 799, additionally breaching the Fibonacci retracement level of 0.382 at INR 810 . These factors, combined with potential bullish crossovers in Exponential Moving Average Divergence (EMD) and Moving Average Convergence Divergence ( MACD) (12,26,9), lay down a fertile ground for upward movement. The ideal entry point would be upon a strong opening above I NR 810.2 or INR 811.60 (0.5 Fibonacci level). Target Levels 🎯: Target 1: INR 823.45 Target 2: INR 843.70 These targets are set based on historical resistance zones and projected upward momentum. Exit Logic 🚪: An exit should be considered if momentum drops or reverses before reaching the target levels, or upon hitting the targeted price points for desired profits. Stop Loss ⚠️: A stringent stop loss is advised at INR 786. This is a slightly aggressive level aimed at limiting losses should the market sentiment change abruptly. Technical Indicators 📊: MACD: Awaiting a bullish crossover to substantiate entry. Stochastics: Recent crossover observed, bullish sign. RSI: Also in bullish crossover territory. %R: Currently in oversell territory - positive. Fisher 9: Indicating strong buy signal. Market Sentiment 🌐: With the broader Indian market expected to exhibit volatility in the forthcoming week, caution is advisable. The high PE ratio of 64.44 and a modest EPS of 12.06 underscore a relatively high valuation, with a low payout ratio of 4.16. Recommendation 📝: Syngene International presents a potentially lucrative short-term swing trading opportunity for aggressive traders. The anticipated bullish momentum, if actualized, could render fruitful returns; albeit the inherent market risks necessitate a robust exit strategy and a firm stop loss. Disclosures and Disclaimers 📢: This analysis is for informational purposes only and not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The report is based on historical data and prevailing market conditions; the future may unfold differently. All investors are advised to conduct their independent research or consult a financial advisor before making any investment decisions.
NSE:SYNGENELong
by finogent