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Moving Averages

IPCA Labs Technical Outlook: Aiming for New Heights?NSE:IPCALAB , trading close to its 52-week high, ended the last session at INR 935.65, marking a 1.27% uptick . The stock currently sports a P/E ratio of 4.73 and a basic EPS of 19.36 with an average volume of 713.623K. The closing signal, as indicated by the Parabolic SAR, leans bullish. In light of the positive volume build-up observed over the past four sessions and the affirmative indicators, IPCA Labs shows promise in the upcoming week, given supportive market conditions. Entry Logic 🎯: If IPCA Labs opens above the critical Fibonacci level of 0.786 at INR 938.50 on the next trading day, it could pave the way toward an all-time high of around INR 955. The encouraging MACD crossover and the green histogram at 1.05 underscore this bullish sentiment. Target Levels 🎯: Target 1: INR 955 This target is derived from the potential continuation of the bullish trend, assuming no unfavorable market developments. Exit Logic 🚪: An exit strategy should be devised if adverse market conditions arise or if the stock shows reversal signs before hitting the target. Stop Loss ⚠️: A stop loss at INR 915.50 is advised to curtail potential downside, ensuring a controlled risk approach. Technical Indicators 📊: MACD: Bullish crossover coupled with a green histogram at 1.05. Stochastic RSI: With K at 67.44 and D at 48.76, indicating an uptrend without being overbought. %R: Indicates a favorable uptrend. Fisher 9: Positive crossover observed, enhancing the bullish outlook. Market Sentiment 🌐: IPCA Labs exhibits a bullish setup, with the potential to achieve a new all-time high. However, this scenario heavily relies on the broader market's support, as the stock already trades at elevated levels. Any market correction can temporarily impede the upward trajectory. Recommendation 📝: An entry post a strong opening above INR 938.50, targeting INR 955, with a stop loss at INR 915.50, can be a plausible strategy for traders aiming to capitalize on IPCA Labs' momentum. Disclosures and Disclaimers 📢: This analysis is intended for informational purposes only and should not be construed as a solicitation or an offer to buy or sell any securities. Investors are advised to conduct their own research or consult a financial advisor before making any investment decisions. The report is based on historical data and prevailing market conditions; hence, the future may unfold differently.
NSE:IPCALABLong
by finogent
Banknifty daily analysis for 26/09/23.A doji is formed on the daily charts and now there is a confusion in the market where it will go after testing the recent high. Banknifty has closed gaining 150 points but nifty remained silent and closed flat. On the hourly charts, there is a moving averages cross over and it taking resistance from the levels. There was a both side movement today and has consolidated in the second half of the session. Support :- 44600, 44420 Resistance :- 44890, 45110 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
1
Dabur indicates the start of a uptrendChart type - Heikin Ashi Time frame - Weekly Indicators Used: 1. Moving Averages 2. Fibonacci Retracement: Marked by Swing Low of 503 and Swing High of 597 Analysis Notes: 1. The price has successfully tested the retracement level of 50% which is at 548. Now the price has given the breakout of its retracement level of 38.20%. 2. The moving averages didn't breakdown the retracement level of 38.20%. 3. A green HA candle momentum candle also gives a closing above the moving averages. Resistance - 573.70 (23.60% retracement level) Price Prediction: If the price holds the levels of 575 then it will test the levels of 600 Note: Daily chart works best for entry and exit in positional trades. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material here is purely for educational purposes. Thanks Sardar Simranjit Singh Virdi
NSE:DABURLong
by ssvirdi
Finnifty monthly expiry analysis for 26/09/23.Finnifty has formed and inside candle on the daily charts and is trading below the 20 ema. It is taking a rest after a 4-days fall. The market is around the 19850 levels after forming a double top pattern on the higher time frame. There is a bearish moving averages cross over, on the hourly charts. It has retested the 20 ema and is taking a serious resistance around the levels. Today, the market has consolidated and tomorrow being a monthly expiry there can be a trending move in the index. Finnifty traded around the 20 ema, on 15 minute time frama. Support :- 19730, 19550 Resistance :- 19920, 20030 Watch the option premium as tomorrow is monthly expiry for Finnifty. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
LSIL - Lloyds Steels🔹 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. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
L
by aditichawla
1
GLENMARK: Strong 200 MA Support Signals Bullish MovementGLENMARK 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 might be best to hold off and wait for another opportune moment. Strategy and timing are key. How are you positioning yourself with this current movement? Chime in and let's share strategies!
NSE:GLENMARKLong
by AlphaTradingStation
HDFC Bank🔹 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 trouble. We can expect 1400, 1300 in that case. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:HDFCBANK
by aditichawla
PNB - Punjab National Bank🔹 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 support zones that can act as cushion and prevent the fall. ▸ Buyers will try to push the price higher once the overall market cools down. Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
NSE:PNB
by aditichawla
1