Moving Averages
Bajaj Finance Weekly Swing Idea (Short)Bajaj Finance might retest the support & beyond. Here are the logic behind
1) Earlier attempt of breakout failed on weekly so bearish trend likely to
continue
2) Trading BELOW 50 EMA & 20 EMA on weekly &
BELOW 20,50 & 200 EMA on daily
3) Strong BEARISH ENGULFING CANDLE with sustained volume
(Note: Author not responsible for anyone's profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Nifty Week AheadNSE:NIFTY Couldn't Sustain above 100 DSMA.
Sell on Rise Structure is Still Playing Well.
Aggressive Trader: Short at Current Levels With 100 DSMA as SL.
Conservative Trader: Short When it gives Pullback towards R1 or 100 DSMA.
Long-Term Investor: Can Add Near S1 and S2.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
BankNIFTY: Channel Trading Opens Buying Opportunities Topic Statement: BankNIFTY has fallen alongside NIFTY as major bank stocks slipped, creating buying opportunities near key support levels.
Key Points:
1. The price is near the lower end of the up-trending channel, ideal for buying.
2. The price is touching the 180-day moving average, offering a strong entry point.
3. Gaps formed during the fall suggest the price will eventually return to higher levels.
NIFTY: Weekly Decline with Oversold Opportunities Topic Statement: NIFTY has been on a falling spree this week, with the market declining daily but showing signs of support at the trend line.
Key Points:
1. The price is taking support at the trend line, indicating potential stabilization.
2. The price is below the 180-day moving average, creating oversold conditions and a buying opportunity.
3. Multiple gaps remain (marked by the blue boxes), signaling potential for recovery.
POONAWALLA : bearish after breaking out of descending triangle
BREAKOUT from DESCENDING TRIANGLE pattern -
price has recently broken out of descending triangle pattern with strong confirmation ie large red candlestick
REVERSAL from 50D & 100D SMA MULTIPLE times -
price has also reversed from 50D & 100D sma several times over the past few weeks. Also 50D & 100D have come very close to each other while price was taking reversal from them indicating even more strong downward pressure
TARGET -
307.05
ASSO ALCOHOLS & BREW LTD (ASALCBR) Breaking out! Should be in WLTechnical Analysis
1. Breakout Alert 🚀:
The stock has broken out of a consolidation zone near ₹1,117 with strong momentum and above-average volume, signaling bullish intent.
2. Trend Confirmation 🔥:
Both the 20 EMA (blue line) and 50 EMA (purple line) are sloping upwards, confirming the uptrend. The stock is trading well above these moving averages, indicating strength.
3. Support Zone 🛡️:
Key support levels lie at ₹1,081 and ₹1,054. These levels can act as a cushion if the stock pulls back.
4. Target Projection 🎯:
Based on the breakout range, the potential upside targets are:
• ₹1,200 (psychological resistance)
• ₹1,205 (measured move from the breakout).
5. Risk-Reward Setup ✅:
• Entry 🟢: ₹1,118 – ₹1,120
• Stop Loss 🔴: ₹1,081 (below the last swing low).
• Risk-Reward Ratio ⚖️: ~2:1, making it an attractive swing trade opportunity.
DR. REDDY Strong Candle FormationNSE:DRREDDY made a strong candle today Crossing Key Levels with volumes and closing above 100 DEMA.
MACD Still Showing a BUY Signal, I have drawn support and resistance levels. If it breaks the resistance level it Will Cross ATM. Small Quantity can be added at the current Level for a Swing.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more
👍BOOST if useful
✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NIfty Weekly Bull Run Resumes after Flag Hello Everyone,
Nifty Weekly Creating FLAG pattern along with channel trendline support and EMA 50 as support also a RSI oversold conditions. as compare to previous flag if this going to happened then NIFTY 31000 possible till start of 2026 . buy on dips is the strategy for investors.
hope you liked then hit like this will help me to post more technical analysis and ideas.
EID PARRY: Long Term SetupThe chart provides delineates critical price thresholds that signify breakout points, along with specific support levels that serve as indicators of where buying interest may manifest.
Additionally, the chart highlights regions likely to act as ceiling points for future price ascensions, allowing for informed decisions on entry and exit strategies.
Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NMDC Swing idea (Long)NMDC can give breakout due to following technical reason:
1) Breaking a range after 2+ month consolidation
2) Double bottom pattern(or W pattern) formation in daily & weekly chart
3) Trading above 20, 50 EMA on daily & weekly
4) Swing low are not broken, range is slowly shifting higher side
(Note: Author not responsible for anyone profit or loss, nor a sebi registered RA, this only for educational purpose. Please do your own due diligence before taking any trades.)
Lupin: Decline After Highs Offers Buying Potential Topic Statement: Lupin faces selling pressure after reaching its lifetime high in 2024, with the price slowly declining in a channel.
Key Points:
1. The stock price is falling within a down-trending channel.
2. The price is nearing the 180-day moving average, presenting a good buying opportunity at or below this level.
axis Bank: Selling Pressure with Gradual Buying OpportunitiesTopic Statement: Axis Bank faces selling pressure near the 1130 distribution zone, with potential to fall to 1000, a crucial support level.
Key Points:
1. The stock is in the distribution zone around 1130, with repeated testing of this level increasing the risk of a breakdown.
2. A gap at 1060 from April 2024 may be filled soon, indicating further downside.
3. The price is under the 180-day moving average, offering a gradual buying opportunity as it approaches the 1000 support.
POWERGRID Might go down?Based on the weekly and the daily chart, it looks like the closing price is taking a support on 200DMA, if it breaks the 200DMA at downside, there is a chance that the stock price might go down slowly till 260. The next support will be on 290 and 260 respectively based on the historical data. Lets see how it moves in the next 2 months.
Disclaimer: Kindly check with your financial advisor before taking any trade.
BHEL : bullish after this breakout
INVERTED HEAD AND SHOULDER pattern Breakout -
the stock has broken out of the inverted head & shoulder pattern with gap-up indicating bullish momentum for the stock till the target is reached
50D SMA SUPPORT -
the price has repeatedly taken support from the 50D sma line for last few days signaling upside potential for the stock
REVERSAL FROM FIBONACCI RETRACEMENT LEVEL (0.5) -
price has recently reversed from the 0.5 fibonacci retracement level with perfect accuracy which denotes bullish momentum for the stock after the reversal
PROFIT -
the target is 266.90
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