Delta Corp - Bullish on Chart📊 Script: DELTACORP (DELTA CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500
📊 Sector: Consumer Services
📊 Industry: Leisure Services / Amusement Parks/ Other Recreation
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Also Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 Looking bullish as per the technical indicators also huge volume in the stock in the last trading session.
📈 Looking good to add for short term.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 225
🟢 Target 🎯🏆 - 240/250
⚠️ Stoploss ☠️🚫 - 208
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Nifty500
Indusind Bank Limited - Breakout Soon 📊 Script: INDUSINDBK (INDUSIND BANK LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY BANK / NIFTY500 / NIFTY
📊 Sector: Financial Services
📊 Industry: Banks / Private Sector Bank
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 1240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 One can go for Swing Trade only above 1240.
BUY ONLY ABOVE 1240
⚠️ Important: Always maintain your Risk & Reward Ratio.
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INDUSINDBK (M)INDUSINDBK (M) is in an uptrend (ascending channel).
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterise this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows and an upper channel line that joins the swing highs.
1) An ascending channel is used in technical analysis to show an uptrend in a security’s price.
2) It is made up of two positive sloping trend lines drawn above and below a price series depicting resistance and support levels.
3) Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
After a COVID FALL, INDUSINDBK is facing a resistance trend line which INDUSINDBK broke on the start of August. If INDUSINDBK breaks and sustains above 1250, then 1500, 2000, and 3000 will easily come in future uptrend months.
KPIT - Ascending Triangle + Cup & Handle Breakout 📊 Script: KPIT (KPIT TECHNOLOGIES LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Cup & Handle Breakout
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages is also giving crossover.
📈 Volume is increasing along with price.
📈 Script is giving Trendline + Ascending Triangle + Cup & Handle Breakout as shown in chart.
📈 Current RSI is around 67.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 605
🟢 Target 🎯🏆 - 684
⚠️ Stoploss ☠️🚫 - 574
⚠️ Disclaimer: DowJones & NASDAQ futures down more than 1% due to US. AUG INFLATION AT 8.3 % V 8.1 % EST. Take position according to your comfort level and conviction.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Dixon Technologies - Keep an Eye 📊 Script: DIXON (DIXON TECHNOLOGIES (INDIA) LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500, NIFTY INDIA CONSUMPTION, NIFTY MIDCAP
📊 Sector: Consumer Durables
📊 Industry: Consumer Electronics
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 4659 if script is breaking its resistance level it may go up.
📈 Current RSI is around 77.
📈 One can go for Swing Trade for around 120 points.
⏱️ C.M.P 📑💰- 4540
🟢 Target 🎯🏆 - 4659
⚠️ Important: Always maintain your Risk & Reward Ratio.
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WELCORP (WELSPUN CORP LIMITED) - SMALL CAP📊 Script: WELCORP (WELSPUN CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY INFRASTRUCTURE / NIFTY 500 / NIFTY SMALLCAP / NIFTY METAL
📊 Sector: Capital Goods
📊 Industry: Industrial Products
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger band (BB) and taking support of middle band which is SMA20.
📈 Already crossover in MACD .
📈 Crossover in Double Moving Averages.
📈 Right now RSI is around 60.
📈 Todays volume is higher then previous trading session so we can say it is volume Breakout.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 233.70
🟢 Target 🎯🏆 - 250
⚠️ Stoploss ☠️🚫 - 223
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Tech Mahindra LTD - Trendline + Descending Triangle Breakout 📊 Script: TECHM (TECH MAHINDRA LIMITED)
📊 Nifty50 Stock: YES
📊 Sectoral Index: NIFTY IT / NIFTY 500
📊 Sector: Information Technology
📊 Industry: Computers - Software & Consulting
Daily timeframe Trendline + Descending Triangle Breakout.
Weekly timeframe Trendline + Descending Triangle Breakout.
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger Bands (BB) and taking support of middle band which is SMA20.
📈 MACD is going to give crossover.
📈 Double Moving Averages crossover yet to come.
📈 Script is giving Trendline + Descending Triangle Breakout in both daily and weekly timeframe.
📈 Current RSI is around 56.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1090
🟢 Target 🎯🏆 - 1185
⚠️ Stoploss ☠️🚫 - 1061
⚠️ Important: Always maintain your Risk & Reward Ratio.
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JINDAL STEEL & POWER - Multiple Indicators 📊 Script: JINDALSTEL (JINDAL STEEL & POWER LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500, NIFTY METAL, NIFTY MIDCAP
📊 Sector: Commodities, Metals & Mining
📊 Industry: Ferrous Metals, Iron & Steel
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover .
📈 Already Crossover in Double Moving Averages.
📈 In weekly time frame MACD is giving crossover.
📈 Current RSI is around 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 433.35
🟢 Target 🎯🏆 - 473
⚠️ Stoploss ☠️🚫 - 415
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Happy Ganesh Chaturthi, ❤️🙏🏻 we wish that all hindrances and hurdles are cleared for you.
Michhami Dukkadam 🙏🏻 Michhami Dukkadam is all about Forgiveness and Kindness!
NIFTY 50 30-AUG-2022 PROFIT BOOKING PROFIT BOOKED 1:3.5💯💯
Used 5min Time-frame for Trading
Yesterday I gave my levels and setup for trade.
But as today market opened gap up, I updated new Levels.
Kindly check my Yesterday post pinned below.I have updated new levels in morning as market opened gap up
Used past analysis to find support and resistance level on 15min time frame.
On 5min Time-frame waited for breakout or breakdown.
As NSE:NIFTY breakout, ON 5min Time-frame then waited for pullback+Confirmation and took trade at 11:05
Hence profit booked.
What if didn't go my way?
Simple take my stop-loss. Because we can increase chances of profit by strong analysis. But no analysis is 100% perfect. Just obey stop-loss or Take profit.
You will be profitable.
Like and comment below your views
INDIA GLYCOLS - keep an eye for symmetrical triangle breakout 📊 Script: INDIAGLYCO (INDIA GLYCOLS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Chemicals
📊 Industry: Chemicals & Petrochemicals
Key highlights: 💡⚡
📈 There is crossover in MACD as well as in double moving averages and stock is trading towards upper band of BB last but not least RSI is around 62.
📈 One can take swing trade after stock give breakout of symmetrical triangle.
⚠️ Keep an eye on INDIAGLYCO .
⚠️ It is near at its resistance zone which is around 915.
⚠️ Script is going to give symmetrical triangle breakout.
⏱️ BUY ABOVE AROUND 915
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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MMTC - Double digit stock + Trendline Breakout 📊 Script: MMTC (MMTC LTD)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500
📊 Sector: Services
📊 Industry: Commercial Services & Supplies
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 Crossover in MACD .
📈 Already Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script has given Trendline Breakout.
📈 Current RSI is around 69.
📈 MMTC Consolidation near the breakout region.
📈 Rejection 3-4 times and then breakout.
📈 Green volume spikes in volume.
📈 Showing momentum in weak market.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 44.10
🟢 Target 🎯🏆 - 50
⚠️ Stoploss ☠️🚫 - 41
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Sumitomo Chemical - Symmetrical Triangle Breakout Soon 📊 Script: SUMICHEM (SUMITOMO CHEMICAL INDIA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY MIDCAP
📊 Sector: Chemicals
📊 Industry: Fertilizers & Agrochemicals
Key highlights: 💡⚡
⚠️ Keep an eye on SUMICHEM .
⚠️ It is near at its resistance zone which is around 500.
⚠️ Script is going to give double breakout which is trendline breakout and Symmetrical Triangle Breakout as mention in chart.
⏱️ BUY ABOVE AROUND 500
⚠️ If its give breakout then one can go for swing trade.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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ASAHINDIA - VOLUME BREAKOUT + MACD CROSSOVER + SMA CROSSOVER 📊 Script: ASAHIINDIA (ASAHI INDIA GLASS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO / NIFY 500 / NIFTY SMALLCAP
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Crossover in Double Moving Averages.
📈 todays volume is much greater then previous trading session volume which indicates volume breakout.
📈 Current RSI is around 65.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 624
🟢 Target 🎯🏆 - 676
⚠️ Stoploss ☠️🚫 - 604
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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RainRead About WEDGE PATTERN
WHAT IS A FALLING WEDGE PATTERN?
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
HOW TO IDENTIFY A FALLING WEDGE PATTERN
The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration.
The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend.
Continuation or (Reversal) Pattern:
Identify an uptrend or (downtrend)
Link lower highs and lower lows using a trend line. The two lines will slope downwards and converge
Look for divergence between price and an oscillator like the RSI or stochastic indicator
Oversold signal can be confirmed by other technical tools like oscillators
Look for break above resistance for a long entry
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs.
While this article will focus on the falling wedge as a reversal pattern, it can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
#Watchlist
#RAIN (D):-CMP 191.35 Looks Good For More Upsides :)
#Disclaimer:-View shared is for educational purposes only. Conduct your due diligence before making any trading or investment decisions.
#StockToWatch
SBILIFE#Watchlist
#SBILIFE (W):- CMP 1294 Looks Good above 1300 For More Upsides :)
Trading volume tends to drop off the longer congestion lasts. This is not always the case but is the general tendency. Volume tends to pick up when the congestion ends. The congestion is over when there is a breakout, typically on larger-than-recent volume, and the price moves outside the congestion range.
During a congestion period, the price will move between support and resistance. When the price breaks above resistance or below support, it indicates that the buyers or sellers have overpowered the other side, respectively.
Some investors will enter during congestion, assuming that the stock price will continue to rise after the congestion ends. This is more likely to be the case if the price was in an uptrend leading into the congestion period.
Other traders may wait for the price to break out of the congestion before entering a trade. For example, they may buy if the price moves out of the congestion price range on high volume.
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
3M India Technical viewNSE:3MINDIA
Stock is trading at level with lower than average volume from past 2 weeks.
22973 is a major weekly level following it 23260 is another major resistance as price rejection from 2 weeks on level 23260.
Bullish point of view --
1: if we go on DAILY timeframe we can see lower high`s and ascending triangle formation.
2: on WEEKLY chart price breakout on 200 MA with higher volume and following price breakout on 50 MA currently stock is taking support on 50 MA.
3: as my opinion BULLISH ABOVE LEVEL 23260.
I am not a profession or well experienced trader. I am an intermediate level trader.
This analysis is just my practice and only for education and my learning purpose.
Don`t blindly trade on any ideas or tips do your own analysis.
THANKYOU...