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Moving Averages

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
SBI LIFE Short time good Buy with still High PE.📆 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 above 🎯 3️⃣ MACD: Showing a positive crossover 📈 4️⃣ Stochastics & RSI: Indicating oversold position, poised for a rebound 📊 5️⃣ %R and Fisher: On the higher end of the spectrum 📈 🎯 Recommendations: Entry Point: 4th September 2023, if opening on a positive note 📅 For Speculators: Good for short-term percentage gains 📈 Target Price: Undefined yet, aimed for short-term gains 🎯 Stop Loss: Not specified (high-risk profile due to P/E) 🚫 🔎 Rationale: Despite higher P/E ratios and below-expectation earnings, the technical indicators suggest a favorable short-term trade opportunity. The financial sector is currently hot, making this a key pick. 📣 Disclosure & Disclaimer: This recommendation is for informational purposes only. Please consult a financial advisor before making investment decisions. 📱 Stay Updated: Hit subscribe for real-time financial insights and stock recommendations! 🛎️ #SBILifeInsurance #StockPick #InvestSmart #WeeklyRecommendation #Finance #Investing
NSE:SBILIFELong
by finogent
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum
"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