INFOSYS, Three Soldier Pattern is formed on the Daily ChartWeekly Chart
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Moving Averages
NIFTY, Weekly ReviewThis week the price has rebounded from the lower levels very well but there is a divergence pattern formed.
The price could consolidate at these levels or it may be correct.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Weekly ReviewRecently we had a divergence pattern.
Also the RSI is declined below the level of 60.
All these indicate the price could consolidate at these levels or it may correct.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BSOFT DOUBLE BOTTOM BREAKOUTBirlaSoft broken double bottom
with good volume and rsi
broken 200 ema also
#target 850 mentioned in chart
EDUCATIONAL IDEA
Reddit Inc | Cup & Handle / Descending Trend lineNYSE:RDDT (Reddit Inc)
An American social network with news aggregation, content rating, and forum activity.
BPCL, Technical OutlookThe price is strongly rejected by the LTMA band.
Also the formation of an Inverted Hammer Candle in the negative zone indicates a down move.
The price could test the levels of 565 and if broken then 535.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
SRF, Technical OutlookThe price is showing signs of reversal near its recent swing-low.
Also, the degree and nature of separation in both bands indicates a start of compression.
CMP - 2,265.55
R1 - 2,280.00
S1 - 2,182.00
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
CIPLA, Triple Top PatternToday we have an indecisive candle with a high of 1,514,20.
The price has made a triple top pattern.
Tomorrow's candle will clear whether the price has respected the pattern or not.
Trade accordingly.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 6-JuneThere are two main levels to watch one is S1-120.75 and the other is R1-131.55
And today the price has managed to close above the S1.
Also keep in mind above 131.55 we will be in a positive trend and below this level we are in a negative zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Krystal Biotech Inc | Trend line / H&SNASDAQ:KRYS (Krystal Biotech Inc)
Engages in developing and commercializing pharmaceutical products.
It offers the product, VYJUVEK.
Micron Technology Inc | C&H / Trend lineNASDAQ:MU (Micron Technology Inc)
Engages in the provision of innovative memory and storage solutions.
It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).
ABFR Ltd: Recent Performance and Market InsightsAditya Birla Fashions and Retail Ltd (ABFRL) has shown a significant uptrend, with a 14% gain following its recent quarterly results. This surge is notable as the stock has taken support from the middle Bollinger Band and is now approaching its overbought zone, breaking above the upper Bollinger Band.
Current Support Levels:
Primary Support: 240
Secondary Support: 230
In the coming weeks, we might observe a slight correction as the stock adjusts from its overbought condition. This period could provide a crucial opportunity for traders to reassess their positions.
Key Insights:
The stock's strong quarterly results have driven its recent uptrend.
Technical indicators suggest it is approaching an overbought zone, signaling potential short-term volatility.
Monitoring the support levels at 240 and 230 will be essential for making informed trading decisions.
As always, thorough research and a cautious approach are imperative when navigating the stock market. Ensure your trading decisions are well-informed and aligned with your financial strategy.
Disclaimer:
This post is for informational purposes only and does not constitute financial advice. Investing in the stock market involves risk, and it's important to conduct your own research or consult with a financial advisor before making investment decisions.
#StockMarket #Trading #Investment #ABFRL #MarketAnalysis #FinancialInsights #BollingerBands #TechnicalAnalysis #StockTrends #MarketCorrection #InvestmentStrategy #RiskManagement #WealthBuilding
BANDHANBNK, Technical OutlookKeep an eye on the demand zone with levels from 170 to 175.
The price could be re-bounced from these levels.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BULLISH BREAKOUT IN TATACONSUMERBuy TATA CONSUMER 1145 till 1090 for 1220 to 1300. Good bullish divergence on MACD happening. Just range breakout pending after which stock will move its own way. Stock taken good support at 200EMA and bounced sharply with volumes.
View invalid below 1080 closing on two days basis.
Lumentum Holdings Inc | Inverted Cup and Handle PatternNASDAQ:LITE (Lumentum Holdings Inc)
Engages in the provision of optical and photonic products.
It operates through the Optical Communications (OpComms) and Commercial Lasers segments.
Stop Loss Price :- 43.58
Stop Loss Trigger Price :- 43.49
CMP
Entry Trigger Price :- 42.34
Entry Price :- 42.26
PNB, Intraday View for 5-JuneToday's huge red candle has changed the structure dynamically.
The next important level to watch is the demand zone of 95 to 100.
But for sure we could see high volatility until the price has not settled down.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 4-JuneToday we have a gap up opening of more than 4% and the price has closed on the resistance level.
Wait for the price to settle down.
CMP:137
R1:137 | R2:142.90
S1:123.50 | S2:119
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
HDFCAMC RECTANGLE BREAKOUTHDFCAMC breaking rectangle box
with huge volume
good rsi,trading above 20ema
#target 4350
EDUCATIONAL IDEA
HPL Electric, a major Smart Meter company-Posted good results
-In parallel channel from one month
-Good shakeout, when stock undercut major ema (here 21) and rally backs : MAU&R (Moving Avg Undercut n Rally)
-Green Vol spikes > Red vol
PNB, Intraday View for 3-JuneA bullish hammer candle has been formed and given the breakout of the compression zone.
Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle.
CMP-129.45
R1-131.55
S1-123.50
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
HARTFORD FINANCIAL SERVICES GROUP INC | Cup & Handle PatternNYSE:HIG (The Hartford Financial Services Group Inc)
An insurance and financial services company.
It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Hartford Funds, and Corporate.
Entry Price :- 103.60
Entry Trigger Price :- 103.40
CMP
Stop Loss Trigger Price :- 102.38
Stop Loss Price :- 102.18
TATAPOWERThe chart is self-explanatory and is shared for educational purposes. The TATAPOWER stock is trading at higher highs and is above the moving averages (50-150-200 MA). It is strongly supported by the trend line. Considering these parameters, the stock’s momentum could be uptrend.
Nifty 2 Hour Swing Chart, Technical OutlookThe price has given the break of structure on the down side.
The broken structure indicates a start of a downtrend.
But the downtrend will be confirmed on the breakdown of 22,417.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
