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Multiple Time Frame Analysis

NetApp Inc shows bullish candlestick in larger timeframeNASDAQ:NTAP price action shows bullish candlestick pattern in the Monthly Chart. As well as in Weekly chart, it shows steady rejection and showing a sideways consolidating trend. Lets analyze first weekly timeframe: We can see during April'25 (Tariff Trauma weeks) the price made a low of $74, breaching down the $80 mark. But within one week it again regains back the strong, historical demand zone of $80 and continue it's upsurge towards $100. It made a recent weekly high of $102. Last 3 weeks was a consolidating around $97 to $100 level, keep on honouring the support of $97. Last week, during timid FY24-25 Q4 earnings, we can see it falls back to $94. And seen a rejection there during last trading session of Friday, 05/30 and close the week with a Dragronfly dozi candlestick pattern (albeit the body color is red). Still the bottom rejection wick and holding back $97 is a sign of 'don't give up so easily'. Whereas in monthly timeframe, it shows absolute bullishness: The April month candle was a book-perfect Dragronfly doji. This May month candle is a super bullish (sort of) Marubozu candle, even the low is above the last monthly close. It's indicates a confirmative bullishness in monthly Verdict: This NASDAQ:NTAP counter is expected to be sideways-to-bullish in coming weeks. Immediate Support levels are: $97, $89 (200 WSMA), $80. There is no reason of it getting close below $80. That's becomes the new normal Low of the counter. It's going through a typical consolidation and distribution phase for gathering new energy to resume it's upmoving in coming medium terms. Stay Invested or Keep on accumulating , specially on every dips.
NASDAQ:NTAPLong
by pradipandsuvra
NIFTY forming Head and Shoulders pattern..?As we can see NIFTY remained sideways throughout the day but our demand zone is still protected hence as long as we are above 24400, every dip can be bought. on the other hand, it can be seen forming head and shoulders patttern in bigger time frame which is a reversal structure but its neckline can be assumed around our given demand zone hence we should stay by our analysis until and unless 24400 is broken below and sustained so plan your trades accordingly and keep watching.
NSE:NIFTY
by Kaushalfin
Micrcap that is actually having the potential of a midcapRain Industries NSE:RAIN has many verticals The major are the foreign Carbon business, which recently entered into a JV with Northern Graphite for advanced materials. Now, there is the local business that is CPC. Then you have a cement business with 2 plants in various locations across AP and TG. They sell it across Kerala, TN, AP, Karnataka and TG. The issue with this company has traditionally been Debt to Equity ratio and the long term borrowings. Once that global business starts and the local cement action is just getting started as I see it. The future in the next 3 years looks fantastic. Target: ₹400+ Time frame: 2-3 years
NSE:RAINLong
by liondewarangal
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