Metal Index ready for BreakoutMetal Index ready for Breakout after printing a flag pattern in daily timeframe.
Watch-out for mid cap metal stocks a 20-30% rally possible in next month if Nifty sustains.
On the verge of Positive MACD crossover
Trigger News
PBOC cut RRR by 0.5 percentage point, effective from July 15.
I am not a financial advisor. Use your intelligence before investing.
NEWS
TATA MOTORS (entry chance)news based fall (not a big issue for tata motors)
Jaguar Land Rover (JLR) issued a profit warning on Tuesday citing the impact of semiconductor chip shortage on vehicle production, sending its parent Tata Motors's stock down. Tata Motors also said that based on the recent inputs from suppliers, the chip supply shortages in Q2 are expected to be greater than that in Q1FY22, potentially resulting in around 50% lower wholesale volumes than planned.
chance for adding tata motors
buy level- 306-307
target- 325-340-355
This trade for portfolio adding stock ( not for pure trading)
time frame- short to mid (21 days to 2 months)
no stop loss coz pure portfolio adding
I am adding at the level of 306
thank you
Tata Motors- Inverse Head & shoulder 1DImportance of Analysis:
1. Bullish market structure
2. Inverse Head and shoulder
3. Trendline breakout Heading For R1: ~360
4. Good Market Sentiment and Recent News
5. Support & Resistance zone: 340 to 360 (Consolidation)
6. Target:
Short term: 375+
Mid-Term: 400+
Long-Term:450+
7. Stop loss: Anywhere between 300-330 (According to your Risk appetite)
8. You can go to smaller time frame for more details
Disclaimer: we are not SEBI registered, this is only for education purpose so please take advise from your financial advisor, invest at your own risk.
Canara bank is about to BREAK OUT soonThe latest retracement (ie from 3rd week of April'21 till 4th week of May'21) is very bullish. Right now it is in its long term support/resistance zone from early 2016. Above it there is another such possible resistance region which has relevance since 2019. It can consolidate between these regions and make a break out. Since there is positive news in market that they are about to raise 9000 Crores in FY22 , it might make this breakout sooner. Swing traders can aim 196-216 levels , according to the risk and reward appetite.
SHREYANS INDUSTRIES EXPECTED TO RALLY FROM THESE LEVELS SHREYANS INDUSTRIES HAS BEEN CONSOLIDATING FOR ABOUT A YEAR NOW AND IS AT ITS SUPPORT RANGE NOW.THE COMPANY HAS LAST DECLARED ITS DIVIDEND BEFORE THE THE COVID CRISIS BEGIN AND WITNESSED A SHARP FALL DUE TO IT AND HAS BEEN CONSOLIDATING SINCE THEN.NOW IT IS AT ITS SUPPORT LEVEL AND IS GOING TO CONSIDER DIVIDEND IN THE UPCOMING BOARD MEETING WHICH IS GOING TO BE HELD ON MAY 11.WITH NEWS COMING IN WE MIGHT EXPECT A BREAKOUT FROM ITS CONSOLIDATION IN THE UPCOMING WEEKS.IF IT BREAKS OUT WE MIGHT EXPECT HIGHER LEVELS.THE RESISTANCE LEVEL IS AROUND 100 TO 115 IF IT BREAKS IT WE MIGHT EXPECT A MOVEMENT UPTO 150 160 RS.THE COMPANY IS EXPECTED TO SHOW SOME GOOD PERFORMANCE IN Q4.THE COMPANY HAS A GOOD DIVIDEND HISTORY.
TILL THE BOARD MEETING WE MIGHT SEE 10 TO 12RS MOVEMENT.THE NEWS WILL DRIVE THE SHARE TILL THE MEETING
TARGET 1:88-90
TARGET 2: 104-106(BASED ON RESULTS
MAJOR RESISTANCE AT 104 106 LEVELS IF BROKEN WE MIGHT SEE A SHARP UPMOVE
BANKNIFTY ON 15 min CHART PATTERNBanknifty has formed double bottom pattern on 15 min chart. If we look closely it is approaching towards its resistance level. Tomorrow we have news on INTEREST WAIVER. So we would suggest to wait until the decision. If the decision favors for market one should go fir long positions ne cause there’s a chance bank nifty might break 200 ma and change its trend.
LUPIN - BULLISH - ASCENDING TRIANGLE"Company launched cancer drug Lapatinib tablets in the US". This news may or may not have an impact on the stock, but the pattern and the price action clearly gives a bullish indication. Please follow strict entry and exit rules to minimize your loss as well as maximize your gains.
Entry - above 1023
Target - Trailing stop-loss
Stop-loss - below 1020
Look at the charts and make an informed decision.
Thank You
Happy Trading
Beware of risk involved in stock market and this is for educational purpose only.
HOW TO READ INVENTORY DATA IN CRUDE Clearly todays inventory data showed fall in reserves of inventory. So when inventory data is less it implies that lot of crude which was saved up as reserves were put to use or in other words consumed.
Now I want to shift your attention to this term " PRODUCTIVITY OF A COUNTRY "
When crude is consumed like the data shows it means productivity of a country is increasing.
Productivity increasing means people are working , indicating cash flow.
THUS WHEN INVENTORY DATA IS LESS IT SHOWS THAT PRODUCTIVITY INCREASES WHICH IS WHY CRUDE RISES.
IEX showing good move upwardsThe news side:
IEX is to commence trading on GTAM from this Friday, 21st August 2020, which gives the stock good support as well as a boost for a good upward movement.
The levels:
The 196 level seems cautious, may work as resistance.
However, the latest formed depth of head & shoulder pattern gives a target of 200+
BajajAuto: COVID cases may blow the uptrend movement for a whileI had a continued bullish view in swing. The analysis was further supported by the formation of morning star pattern in the last three days of the week (shown on chart).
But the recent news of the death of workers due to COVID may blow the uptrend movement for a while.
The uptrend resistance of 2900+ level (see chart) may come to play!
Better to wait.
JUBILANT 01JUNJUBILANT HAS BEEN IN UP TREND SINCE TOUCHING BOTTOM.
Jubilant Life Sciences Q4 NEWS RESULT ALSO POSITIVE.
I ASSUME IT HAS FORMED HIGH LOW ALREADY AND TODAY WOULD BE BULLISH.
ALL THE BEST..!
XAUUSD SELL SETUPi dont think gold will to continue going up for a while
Please like and support and dont forget to share your valuable feedback
Auropharma , 20% up in a day now may be 20% down in a day !!!!Profit booking and trailing is the important concept of trading which people ignore's many time , if somebody is following the chart it was clearly a resistance at 615 levels ( marked blue ) , now their is a gap lets see if it feel's up the 500 levels, !!!!!