Indian market followed the global markets and has given a nice upside move after a 1000 points loss, Banknifty has given a 600 points recovery forming an inside candle on the daily time frame. Though, the market looks bullish, still banknifty is trading in a resistance zone and the previous fake out if strong will also act as a resistance. Markets opened gap up...
jeera is seemingly In overbought zones and a retracement toward the 42000-40000 zone likely rsi extremely overheated at current zones after that fresh upmove can take place a trading wise bearish move below 45k
nifty 50 trading area for next week 17800-18400 after breaking 18250 educational idea only
IOC on the weekly time frame seems to be at a prefect place for buying. The stock has given a break out of the parallel channel and is holding on the upper levels. A nice bullish moving average crossover is there on the weekly charts, which indicates the bullishness the stock can show in coming weeks. Stock holded the 20 ema after the break out of the moving...
Indian markets has been trading in green since last 2 months. The financial sector has outperformed as the Nifty finance is trading above 19k and Banknifty around 43k levels. Market has outstretched, finally some profit booking is coming. Banknifty has given a bearish candle on the weekly time frame as well as on the daily charts. Banknifty can retest the...
The overall market in the last month has shown some positivity. Now the index is trading around a crucial resistance zone i.e. 18180-18250. There is a possibility of a retest and formation of a double top pattern. Market has trapped some buyer as it closed above 18200 levels and the gap down took their Stop losses. In the coming week the market can give another...
The fall on Friday (5 May 2023) was a news driven event. Need to see the price action and how it shapes up during the week going forward. Might see price consolidation between 1625 and 1725. Breakout and close above 1725 would be create an upward momentum. Support around 1560 - 1500. Bullish over long term. However, always keep a strict stop loss between...
LONG SOLANA Charts making higher lows and inverse descending triangle pattern is being formed. Also, the price is near the horizontal strong resistance line. If breaks out from here then a new zone starts for SOLANA. The trendline for lower lows can be considered a Stop-loss. CMP is lying on the support of 60 EMA and the super trend indicator also recognizes the...
ESCORT breakingout from C&H pattern good volume,trading above 20ema q4 is pending keep on radar educatinal idea
Inverted head and shoulders breakout Target 1600 Above 200 EMA
ASTRAl breakingout from inverted H&S good volume breaking 200 ema also q4 still pending educational idea
BORR's story is kind of like that of the 1849 California gold rush where those selling picks, shovels and pans made consistent and good money and sometimes more than the prospectors. Since they service the oil fields of several oil companies, they just grind out their margins of couse still suspectible to any boom or bust cycles of the oil /energy sector in...
Weekend Pick 1: Bajaj Auto Fundamentals - Very strong, consistent on Sales, Profits, EPS, High Reserves Vs Debt Free.. Strong Quarter results, FII holding increased. Technicals - Broken LTH, moving nicely in raising wedge, Above MAs, decent volumes R1: 4660 R2: 4950 R3: 5270 SL: 3950
IDBIBANK giving breakout from F&P good volume,trading above 20 ema posted good q4 result educational idea only
After good correction phase which started in Dec21 Nifty is now showing very good strength. A very good bullish indication is confirmed due to current week's breakout above 17900. Inv head and shoulder is now in place and we can see nifty reaching 19000 in coming 3~5 months. Nift below 17400 will negate this assumption hence. Last shoulder is formed with...
📈 BSE:THINKINK THINKKINK PICTUREZ LIMITED Technical Analysis and Trading Recommendation 🎬 🔍 TKPL is trading on BSE at INR 83.78, near the crucial Fibonacci level of 0.5, and showing an upward trend 📈. The EMA and MA indicators have experienced a bullish crossover 🤝, signaling a possible short-term uptrend. The Parabolic SAR is also in favor of bulls 🐂,...
This is a technical analysis report on NSE:ENGINERSIN Engineers India Limited (EIL), a leading engineering and consultancy firm in India. Technical Analysis Summary: EIL is currently trading at INR 77.05 (as of 18th April 2023, 2:26 p.m.). The stock has recently breached its 50-day moving average from the bottom upwards, with the 0.618 Fibonacci...
Bounce from 61.8 levels Taking support at 50 Ema Upside till 2120