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Infosys On Bullish trend. Reversal from lows strengthened📆 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 MACD: Positive divergence 📈 4️⃣ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) 📊 5️⃣ %R and Fisher: On the upside (Fisher at 3.38) 📈 🎯 Recommendations: Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive 🕚 Target 1: ₹1457.35 🎯 Target 2: ₹1498.15 if Target 1 is sustained 🎯 Stop Loss: ₹1401.9 🚫 🔎 Rationale: NSE:INFY is a valuable buy for investors with a medium-term horizon. The stock is supported by several bullish technical indicators and is situated at the mid-point of its 52-week range. 📣 Disclosure & Disclaimer: This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions. 📱 Want to stay updated? Hit that subscribe button to get real-time analysis and stock picks! 🛎️
NSE:INFYLong
by finogent
1
BankNifty analysis [21st September]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 and next target could be 45840.00 level in the bullish side. Please put a reasonable SL every-time while trading on indices Happy Trading. Cheers :)
NSE:BANKNIFTY
by bikramkeshari11
NIFTY analysis for 21st SeptemberToday 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 zone. Our targets could be marked levels accordingly and put SL with at a reasonable price. It should not be a tight level. Happy Trading. Cheers :)
NSE:NIFTY
by bikramkeshari11
JSW Steel breakout and retest is done. 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 targets are marked on the chart. Stock can also be purchase in cash for a longterm bet as the market are bullish and the stock can travel with the waves. Levels to watch Break out level :- 835 Support to accumulate stock :- 775-780 Watch for the weekly close as tomorrow it friday. The stock has given a fall for last three days and if it starts to run there will be a good opportunity as it is standing at 50 % fibonacci levels.
NSE:JSWSTEEL
by Mambotrade
3
Nifty weekly analysis for 18/09/23.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 itself above the moving averages and took good support around 20150 levels. Nifty took support from the 20 ema, 15 minute charts, and has closed near the levels. The two closing candle are showing good volume and creating confusion as they have closed in red. Support :- 20140, 20110, 20060 Resistance :- 20200, 20310 The market are on the top and are stretched enought to give a retracement. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Retested Weekly BO in MASTEK LTD MNC 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 closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer:- This is for Education purpose only
NSE:MASTEK
by raigvivek
Banknifty daily analysis for 15/09/23.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 our resistance level and has closed above both the moving averages. Watch for the markets and it would be good to trade only a perfect setup as there are chance of market going in a sideways to volatile mode. On 15 minute charts, market consolidated and traded around the 20 ema and has closed just above it. Support :- 45850, 45620 Resistance :- 45070, 45300 Banknifty is still close to the recent high but nifty has already crossed and given a close near it ATH. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly expiry analysis for 14/09/23.Nifty has formed an inside candle on the daily charts and has closed 76 points higher near the previous day high. It gave a bullish move and consolidated in the second half while banknifty kept on moving higher and higher. It is already trading near the ATH and tomorrow being a weekly expiry there can be a retracement on the chart. On the hourly charts, there was a nice support from 19940 levels and it tried to give a move after a consolidation period. During the initial hours the market was volatile and it traded around 15 minute's 20 ema. It has created a base around 19940 levels and has also taken support fromt the moving averages in the last hour. There are chance of market taking a halt as it has given a nice up move without any serious retracement. Support :- 20020, 19940 Resistance :- 20110, 20200 Nifty has travelled alot and is now being at the ATH its difficult for it to sustain longer without a retest. Watch for option premiums as it weekly expiry for nifty. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Banknifty daily analysis for 14/09/23.Banknifty on the weekly expiry has given nice up move and formed a bullish engulfing candle. It almost touched 46k levels and has closed above 45900 levels. Nifty has formed an All time high and banknifty is looking forward to hits it's new ATH. The market formed a base around 45300 and gained up side momentum giving a 600+ point move from the day low. On the hourly charts, market took support from the 20 ema and moved in the upward direction. It took a halt in the last hour of the session. Banknifty is still looking bullish but the market has stretched way too much. If it hit trades around the ATH there will be more chances of profit booking or retracement. On 15 minute charts, it breached the 20 ema and came back strongly crushing and moving higher than the moving averages and hitting our targets. Support :- 45630, 45330 Resistance :- 46070, 46300 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
"ELGIEQUIP: Seizing Opportunity on Crucial Support"Description: 📈 ELGIEQUIP: Capitalizing on Crucial Support! 🚀 Explore an opportunity with ELGIEQUIP, a slower mover that's currently perched on a crucial support zone. Here's why this setup deserves your attention: Key Points: 📊 Slower Mover with Steady Support: ELGIEQUIP, while slower in pace, is finding stability on a crucial support zone, offering a dependable foundation. 📊 200DMA Providing Support: The 200-day moving average (200DMA) has been acting as robust support, enhancing the stock's reliability. 📊 Delivery Volume Surge: A noteworthy surge in delivery volume today suggests heightened market interest and potential accumulation. 📉 Correction from Highs: Today's correction, stemming from broader market fluctuations, has created an attractive entry point as ELGIEQUIP corrects from higher levels. 💰 Opportune Entry for Long-Term Hold: This is an opportune moment to enter ELGIEQUIP with the intent to hold, capitalizing on its potential for a sustained uptrend. 💰 Favorable Risk to Reward: This trade offers an enticing risk-to-reward ratio, allowing you to aim for higher rewards while prudently managing risk. 📈 Entry Price: Consider entering the trade at Rs 500. This entry level positions you strategically for potential gains as ELGIEQUIP utilizes its support zone. ❌ Stop Loss: Safeguard your investment with a stop loss at Rs 440. This level serves as a protective barrier should the trade not unfold as anticipated. 🎯 Target Price: Our target is set at Rs 640, reflecting a significant potential upside. This is where you may contemplate taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 500 and a stop loss at Rs 440, the risk-to-reward ratio for this trade is approximately 1:1.45. For every unit of risk, there's a potential reward of 1.45 units. 🚀 Trade Strategy: Maintain confidence as ELGIEQUIP finds support. Keep a watchful eye on the stock and adjust your stop loss to secure gains as it progresses. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Capitalize on the opportunity presented by ELGIEQUIP as it leverages its crucial support with confidence. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:ELGIEQUIPLong
by We_Learn_Investing
Nifty daily analysis for 13/09/23.After a gap up opening, there was a profit booking and market consolidated as it has already stretched alot and it may take a halt or market may become volatile. On the hourly charts, there was profit booking in the first hour and market remained inside the candle whole day closing almost flat. Nifty has hit a new ATH and there should be a halt or a retracement before carrying on with the bullish momentum. Markets can't just go up without any rest or retracement and after a movement there will be a sideway to volatile market. Watch the market to consolidate or retest the lower support levels. On 15 minute time frame, market has near to the 20 ema and is taking resistance from the round number figure of 20k. Support :- 19920-50, 19860 Resistance :- 20020, 20110(ATH) Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
"PAISALO: Unlocking Potential in a Long Consolidation"Description: 📈 PAISALO: Ready to Break Free from Consolidation! 🚀 Prepare to tap into a hidden gem as PAISALO emerges from a lengthy consolidation phase. Here's why this opportunity warrants your attention: Key Points: 📊 Long Consolidation: PAISALO has been consolidating for an extended period, signaling potential pent-up momentum awaiting release. 📊 Crossed 200DMA with Volume: The stock recently crossed the 200-day moving average (200DMA) with notable volume activities, a bullish signal of market confidence. 📊 Trading on a Good Zone: PAISALO is currently trading in a favorable zone, suggesting a strong support level. 📊 Positive Relative Strength (RS): The stock's Relative Strength (RS) is trending positively, indicating its ability to outperform the broader market. 📉 Cooled-Down RSI in Buying Zone: The Relative Strength Index (RSI) has cooled down and entered the buying zone, highlighting an attractive entry point as the stock regains momentum. 💰 Accumulate or Trade: It's an opportune time to consider accumulating or trading PAISALO, offering potential for both short-term and long-term gains. 📈 Hold for the Long Run: If feasible, contemplate holding PAISALO until a major breakdown occurs, capitalizing on its potential for a sustained uptrend. 💰 Favorable Risk to Reward: This trade presents an enticing risk-to-reward ratio, allowing you to aim for higher rewards while carefully managing risk. 📈 Entry Price: Consider entering the trade at Rs 65. This entry level positions you strategically for potential gains as PAISALO breaks free from consolidation. ❌ Stop Loss: Protect your investment with a stop loss at Rs 56. This level acts as a safeguard should the trade not unfold as anticipated. 🎯 Target Price: Our target is set at Rs 95, reflecting a significant potential upside. This is where you may contemplate taking profits. 📈 Risk-Reward Ratio: With an entry at Rs 65 and a stop loss at Rs 56, the risk-to-reward ratio for this trade is approximately 1:1.39. For every unit of risk, there's a potential reward of 1.39 units. 🚀 Trade Strategy: Stay confident as PAISALO breaks free from consolidation. Monitor the stock closely and adjust your stop loss to secure gains as the journey unfolds. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Unlock the potential of PAISALO as it emerges from its consolidation phase with confidence. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:PAISALOLong
by We_Learn_Investing
Finnifty weekly expiry analysis for 12/09/23.Finnifty has given a close above 20300 levels gaining 167 points higher. On the hourly charts, the market gave a breakout after consolidating in the second half of the session and is trading above both the moving averages. Nifty has also touched the 20k levels and now its time for other indices to form new ATH. Tomorrow is weekly expiry and if the index take a halt it will give pain to the option buyers. It will be wise to trade the dips as the market is of buy on dip. On 15 minute time frame, there is a support around 20250 which coincides with the 20 ema. It has closed above both the moving averages. Support :- 20255, 20180 Resistance :- 20360, 20450 Watch the break out and only trade a confirm setup as it will be a weekly expiry. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
Banknifty daily analysis for 12/09/23.Nifty has formed a new ATH high and banknifty is around its ATH. There can be a halt in the market has it has given a nice one side move and has travelled from 44400 to 45500 without a retest. It has given a nice bullish candle and giving close 414 points higher. On the hourly charts, it has showed a bullish movement and it trading way far from the moving averages. The markets consolidated during the mid trading hours and gave a breakout and closed above 45500 levels. Support :- 45440, 45230 Resistance :- 45680, 45855 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty daily analysis for 12/09/23.A new ALL TIME HIGH for Nifty today. The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session. Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level. On the hourly charts, the market is trading above the moving averages and has closed near the day high. While the nifty is at its ATH there is no resistance and the levels for the resistance are taken by the fibonacci levels. Support :- 19930, 19865 Resistance :- 19200, 19310 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
3