Short reliance for 01-10-2020In last one hour reliance had breakdown the bullish trend line and also the current price is below 50 day moving average. So it is a sign of downside
Moving Averages
NIFTY IT Retesting its 50 EMA levels IT is retesting its 50 EMA area
wil it sustain is the question
Majority of counters like TECHM, PERSISTENT, HCLTECH, NAUKRI etc witnessed a downmove in the week gine by
with result on the way, woul be fun to watch what IT has in store
india vixvix is trading at nearly historical lows
with election on the way, the only likely way to go for vix is on the north end
SPX 500 analysis simiar to NASDAQ, it too needs ti sustain above 20 september highs to turn Bullish from curent bearish trend !
If one Observe carefully, they will find that despite the counter breaching 20 and 50 EMA levels, in last 3-4 cases, despite there was no NEGATIVE crossover like its seen recently
thats worrisome
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.
AKZO NOBLE it has perfectly retested the old breakout zone
entry and stoploss mention on charts
chart is in bullish formation
this is for learning purpose only.
one can always analyse before entering the trade.
LALPATH LAB quality gemLALPATH LAB has given breakout from a longterm pricewise and timewise correction
it has clearly break the supply zone in daily tf as well as in weekly tf
one can go long from here
put STOPLOSS BELOW 2300 AREA OR BELOW 20EMA IN DAILY TF OR 200DEMA CLOSING BASIS ONLY
always trade with your own conviction
THIS IS JUST FOR EDUCATION AND LEARNING PURPOSE
hope u guys like the idea
LALPATHLAB C&H BREAKOUT ON WCBLALPATHLAB breakingout c&h pattern WCB
good volume,strong RSI
trading above all key ema
target can be 2700 soon
educational idea only
XAGUSD : RUNNING AT SUPPORT LEVELSilver is traded on support level. silver didnt break three support level ( s1 : 22.11, s2 : 22.22, s3 : 22.29 ). Its shows the good potential to buy in medium term. If it is not break the certain level so there is possibility to go up.
Spandana swing trade For education purpose only
Buy above if next candel cross above 845
Sl 740
Target 1 : 880
T2: 938
TVSSCS: Volatile New Momentum StockTVS Supply Chain Solutions (TVSSCS) is the new listed IPO and few days ago broke out of its listing day resistance with great volumes and rose 28% in 3 days! Then it fell by 15% in next 4 days. Now it is taking support at 10EMA. Lets see if it will now rise again with momentum.
The great N appears on Brent CRUDEThe great N appears on Brent CRUDE with 100 Dema crosses over 200 dDema.
#crude #oil
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.
COLPAAL BREAKOUTCOLPAL breaking outfrom rounding bottom
good volume and RSI
trading above 20ema
target can be 2140
eductional idea only
chamblfert buy possibilitySimple PA to observe
with reasonable RR at suggested levels.
Huge Gap invalidates idea.
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
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.
Multiple confirmations in EPLLot of confluence seen on this chart.
1. Good break and retest of resistance which is used as SL:200
2. Retest level co-inside with 20ma and 200ma
3. 20ma is rising so we are in buy on dips mood. (as discussed in earlier moving average post)
4. Earlier resistances 250 and 280 are now our target
5. Good volumes in green weeks means good buying at lower levels.
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.
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!
