Stock Made a higher high and established the trend. RSI at over the upmove is strong and consistent. Stock is in Consolidation Phase before the upmove. Keep accumulating wit SL on Day candle closing basis. Tgts in Charts.
The stock is retesting previous breakout. despite fall in market pharma stocks are holding strong. Supporting SMA 30 and SMA 50. No significant weakness in last two days fall.
Nifty for consecutive 3 trading session has been closing in a range. In the closing hour the market has closed below the hourly 20 ema. RSI indicator is also showing some bearish divergence and there are chance of market trying to test the lower support levels. Intraday targets for bearish move :- 21585, 21530 If there is a flat opening and market starts...
Nifty Analysis Recap from yesterday: “My stance continues to be bullish with the first support level revised to 21341. All we can do now is trail the stop loss and let the winners run. 4mts chart link - click here Nifty was absolutely trading in a narrow range with minor dips. More action was visible on BankNifty today which nudged me to go for a status change...
#NIFTYPHARMA Sector Analysis (1W TF) PATTERN: RECTANGLE BOX BREAKOUT - There is a strong buildup at the Reversal zone - Wait for a Breakout ! #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Good Shortterm stock to buy., Stock made trendreversal, retest done and waiting for upmove
Nifty Pharma Looks super Bullish, Long Term trend line breakout and RSI ticking up @57 now. on 8th APRIL there is a breakout Gap in daily chart and not filed yet (usually Breakout gap takes long time to fill) Note: It should sustain above 9300 on weekly chart (closing basis)
"Good morning, friends! As of October 18th, the global market sentiment is neutral to slightly negative, as indicated by the Dow Jones. However, our market is still within a range. It may open neutrally. If it breaks the previous day's low, the 50% Fibonacci level will act as strong support. If the market finds support there, we can expect the range market to...
Nifty Analysis Recap from yesterday: ”I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.”. The prediction came out exactly true, but the trading results today were not satisfactory. Nifty stayed in a very tight range today with no...
Granules India trading in Triangle Pattern. It start to recover from potential buying zone near around 265. It may give run in near future.
«👀 BLISS GVS PHARMA 💀» Stock looking good for medium to long term holdings , Stock has broken out of a range consolidation of almost 2 years and has also formed a bullish flag and pole pattern Stock's fundamentals are also very good : 🫴 PE ratio of 16(undervalued) 🫴 Debt to equity ratio 0.1(Low debt) 🫴 Cash flow good 🫴 Defensive sector (Pharma) 🫴 Fiis and Diis...
Nifty has formed an inside candle on the daily charts and has closed 76 points higher near the previous day high. It gave a bullish move and consolidated in the second half while banknifty kept on moving higher and higher. It is already trading near the ATH and tomorrow being a weekly expiry there can be a retracement on the chart. On the hourly charts, there...
The market finally has given a nice trending move and has closed 116 point higher. On the hourly charts, nifty took a slight pull back and started moving in the upward direction slow. During the second half it gave the break out and travelled, finding resistance around 19730 levels. A nice bullish candle on the daily charts is showing some positivity and if the...
Ratio chart is showing positive divergence which means index is likely to strengthen against Nifty50. 11300-11100 is the zone to watch out for bottom or wait for positive divergence on daily CNX Pharma chart. Pharmabees is the instrument which can be used for investment. Disc : It's not an investment advise to buy or sell.
AJANTPHARM, a leading pharmaceutical company, has recently seen its stocks take a dip, positioning perfectly into the EMA 20 strategy that I'm about to unveil. Before we dive into our analysis, let's ensure we understand the strategy. 📚 The EMA 20 Strategy Explained Identify an Uptrend: Look for a Higher High-Higher Low structure. Ensure the EMA 8 lies...
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Today the market has killed the option buyer as it has consolidated in a small range of 60-70 poits. Nifty has formed a halt candle and has closed flat on the daily charts. On the hourly chart, nifty traded in between the moving averages, taking resistance from 200 ema and support from 20 ema. A good consolidation is going on in the market and trend market is...
Today the markets tried to move in the upward direction but nifty constantly struggled to cross 19400 level as there is also 61.8% fibonacci level. Nifty tried to cross the level but couldn't sustain above it. The market has closed around 61.8% fib level and if the market again go for a dip it will be a chance to short the markets. On the hourly charts, market...