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Biocon - Monthly - Ascending Channel - Rebound & Breakout - LongBiocon Ltd. (NSE: BIOCON) has been consistently trading within a long-term ascending channel, with the channel Top and Bottom being tested multiple times over the years, as shown in the chart. The Price has again bounced after touching the bottom of the channel and made a breakout from a descending trendline followed by a successful retest. The RSI trajectory is also bullish. Key Points: 1. Ascending Channel: The stock has been moving within a well-defined ascending channel since 2013. The recent price action saw a strong bounce off the lower boundary of the channel, suggesting robust support at this level. 2. Key Support and Resistance Levels: The chart highlights multiple instances where the stock has found support at the bottom of the channel and faced resistance at the top. These levels have been tested several times, reinforcing the reliability of this trend. 3. Relative Strength Index (RSI): The RSI is currently at 64.77, trending upwards. This indicates bullish momentum and suggests that the stock could continue its upward movement. The RSI has consistently made higher lows and higher highs, which further supports the bullish outlook. Breakout on Weekly Timeframe The weekly chart shows a breakout from a descending trendline followed by a successful retest, confirming the bullish momentum. The RSI on the weekly timeframe is also in an upward trend, indicating strong momentum. Disclosure: Invested at 338 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions. Please do leave a comment with your views or any additional insights you might have. If you found this analysis helpful, give it a boost and follow me for more in-depth analyses and updates on promising stocks.
NSE:BIOCONLong
by gurinder1988
Breakout in NOCIL1. **Price Movement**: - The price has been in an uptrend since mid-2020. - There was a consolidation phase that lasted from mid-2021 to mid-2023, forming a symmetrical triangle or a range-bound pattern. - Recently, the price has broken out of this consolidation pattern to the upside, which is a bullish signal. 2. **Volume**: - The volume spikes suggest significant trading activity during certain periods. - A noticeable increase in volume during the recent breakout, supporting the bullish move. 3. **Trend Lines**: - Upper and lower trend lines indicate potential resistance and support levels. - The breakout above the upper trend line is significant, suggesting further potential upside. 4. **Price Target**: - The price target, marked by a blue box, shows an estimated target around INR 370. This is calculated based on the height of the previous range projected upwards from the breakout point. 5. **RSI Indicator**: - The RSI is currently around 54.53, indicating a neutral to slightly bullish momentum. - The divergence in the RSI during the previous highs indicated potential weakness, but the recent breakout suggests renewed strength. 6. **Support and Resistance**: - Immediate support is around the breakout point near INR 260-270. - Resistance is expected around the INR 370 target zone.
NSE:NOCILLong
by brijmohan_h
Rane Brake Lining - Monthly Chart - Ascending Channel - LongRane Brake Lining Ltd. (NSE: RBL) moving in a clear Ascending Channel with support at the bottom of the channel retested multiple times as shown in the chart. The Price has again bounced after touching the bottom of the channel and RSI has a strong upward trajectory. Key Points: Ascending Channel: The stock has been trading within a well-defined ascending channel for several years. The price recently bounced off the lower boundary, affirming strong support at this level. Key Support Levels: The chart highlights multiple instances where the stock has found strong support at the bottom of the channel, reinforcing the robustness of this upward trend. Each bounce off the lower boundary has led to significant upward movements. Relative Strength Index (RSI): The RSI is trending upwards and currently stands at 63.9, indicating bullish momentum. The price has also broken above the trendline on Weekly timeframe as shown above. Disclosure: Invested at 960.15 Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
RLong
by gurinder1988
7
AARTI DRUGS - Monthly Chart - LongAarti Drugs Ltd (NSE: AARTIDRUGS) has been trading within a well-defined parallel channel on the monthly timeframe since 2009. The stock is currently at the bottom of the channel, having successfully retested the channel support. This retest could signify a potential bounce, presenting a long-term buying opportunity. The RSI is also on an upward trajectory. Sharing this analysis for Long-Term investors. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:AARTIDRUGSLong
by gurinder1988
4
Reliance IND Infra Ltd. (Cup & Handle)Date- 14th March 2024 Time - 18:41 -As we can see RIIL has formed Cup& Handle Chart Pattern and also trying to retest today on daily basis. -One more thing I have noticed and applied here is Fixed Range Volume Profile Tool , to identify where exactly the most volume has created. Which was 1000 Rs. in this case. -If Current price is above POC (Point of Control) red line means, next big supports are near that price. So, if its breakdown from retest point it can go till 1000 Rs or if it revered from rested point then 1st Target will be 2384 Rs . according to Cup & Handle Pattern. - Also, on smaller Hourly Timeframe is showing Bullish Continues Divergence too.
NSE:RIILLong
by KRSCharts
Long Position in Ramco CementLooking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB. A strong displacement to the upside creating a OB in the W timeframe - unmitigated. Gap at the top acting as a magnet for price to move into. Very clean CoCH and BOS giving confirmation of the move up into higher levels. A great entry be entry in the GOLDEN level of price retracement - 60% fibs Levels are in confluence with the W +OB. Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)
NSE:RAMCOCEMLong
by Vishal_kudva
GEECEE VENTURE: All-Time High Breakout OpportunityWe are witnessing a remarkable opportunity as GEECEE VENTURE makes an all-time high breakout. The price structure leading up to this breakout is quite compelling, adding to the appeal. However, it's crucial to exercise caution to avoid getting caught up in a potential fakeout. Here are our criteria and steps for this trade: Confirmation Close: We need today's price to close above the all-time high (ATH). Breakout Confirmation: We want to see today's high broken in the coming days. Initial Entry : We plan to enter with 30% of our usual quantities when today's high is breached. Re-entry on Re-tests: We'll consider adding more at the re-tests indicated on the charts. Please refer to the chart for our stop-loss (SL) level, which we'll adhere to if the trade doesn't unfold as per our analysis. Our analysis aims to be crystal clear for the audience, providing a compelling opportunity while emphasizing the need for caution. We invite traders and investors to join us in exploring this potential trade. Please let me know if you'd like any further adjustments or additions to the content.
NSE:GEECEELong
by iamrk7
2
"🚀 Castrol Stock Analysis: Bullish Signals & Targets📈 NSE:CASTROLIND Technical Analysis (Week Ending 16th Feb 2024) Closing Price: 💵 207.70 Parabolic SAR: ✅ Buy Signal @ 186.55 EMA & MA Crossover: 🔄 Pending (Bullish Trend Support Expected Soon) MACD: MACDR: 📊 6.95 (Crossing Signal) Histogram: ➕ Positive @ 0.05 Stochastics RSI: 🔄 K51.90 ➡️ D35.58 (Oversold Zone Exit) %R (Williams Percent Range): 📈 Upward Trend @ 21.52 Fisher Transform: 🐟 0.58 (Bullish Crossover Mid-Range) 🎯 Targets: First Target: 🎯 213.55 (Recent High) Second Target: 🎯 220.40 (Fibonacci 1.618 Level) 🛑 Stop Loss: ⚠️ 199.50 (Fibonacci 0.618 Level) ⚠️ Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Market conditions are dynamic; trade responsibly based on your own due diligence. #Castrol #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
NSE:CASTROLINDLong
by finogent
📊 Equitas Small Finance Bank Analysis - Week Starting 19th FebNSE:EQUITASBNK Last Closing Price: 💵 107.20 50-Day Moving Average: 📈 Crossed Over @ 406.52 (Short Term Bull Run) EMA & MA Crossover: 🔄 Pending @ 104.00 & 102.62 (Bullish Trend Re-establishment Expected) Parabolic SAR: ✅ Bullish @ 99.00 Fibonacci Levels: Closed Above 📏 0.382 @ 106.05 Next Target 🎯 Above 0.50 @ 108.05 (Strengthening Buy Signal) MACD: Signal Value: 📶 1.28 MACD Value: 📈 1.31 Stochastic RSI: 🔄 K58.67 ➡️ D32.73 (Bullish Crossover) %R (Williams Percent Range): 📈 Upper Band @ 7.87 Fisher Transform: 🐟 Positive @ 1.42, Trigger @ 2.53 (Bullish) 🎯 Targets: First Target: 🎯 110.15 (Fibonacci 0.618 Level) Second Target: 🎯 112.95 🛑 Stop Loss: ⚠️ 99.60 (Fibonacci 0 Level) ⚠️ Disclaimer: This content is provided for informational purposes only. It is not intended as financial advice. Trading involves risks and is influenced by external market conditions. Conduct your research or consult a financial advisor. #EquitasSmallFinanceBank #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
NSE:EQUITASBNKLong
by finogent
SENSEX presents a strong upward chart trend right nowThe current chart analysis for SENSEX presents a robust picture. There are no signs of a significant drop-off at this moment. However, in the event of a downturn, the next support zones are projected to be at 75074 and 74249. And major support zone is 72199. These figures could serve as critical benchmarks in case of a market correction. It's always important to monitor market trends and adjust investment strategies accordingly. Please note that this is a general analysis and individual investment decisions should be made based on personal financial situations and risk tolerance.
BSE:SENSEX
by joycryptoanalyst
Shalby NSEDate: 7th May 2024 Time: 3:30 PM Shalby was on my watch from past week, and I was waiting for entry level for good price to buy. First of all, there is a W pattern which formed in Sept 2023 but again came down, so I was waiting for entry after Retest in Shalby. I have done wave counts on Shalby from beginning and find that, Correction 5 Wave Structure has done and after that it is showing Bullish Momentum. Currently we are in probably Vth leg of 3rd large Wave + It Retest too while completing IVth Wave as we can see in Chart clearly. Shalby Already entered in Buy Zone of 262 to 250 Rs . So, we can Expected Further Bullish Momentum and Approx Target is 400 Rs with SL 227 Rs.
NSE:SHALBYLong
by KRSCharts
SWING IDEA - WELSPUN LIVINGWelspun Living , a company engaged in the home textiles and furnishings sector, presents a potential swing buying opportunity based on several technical factors. Reasons are listed below : The repeated testing of the 155-165 zone suggests the establishment of a robust support/resistance level. A potential breakout from this range could signify a notable market movement. Head and shoulders patterns are often seen as trend reversal patterns. In this case, if there's a head and shoulders pattern forming, and if it's confirmed with a breakout, it could indicate a reversal from a downward trend to an upward trend. An engulfing candle formed in weekly timeframe followed by a doji candle typically indicates a potential continuation in the prevailing market trend. Breakouts from long-term consolidation zones can lead to significant price movements, as they indicate a shift in market sentiment and a breakout from a period of indecision. Consistently forming higher highs is a characteristic of an uptrend and suggests that buyers are in control of the market. Increased trading volume can confirm the strength of a price movement. If volumes are increasing as the price moves higher, it suggests strong buying interest. Target - 185 // 215 // 255 Stoploss - weekly close below 137 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:WELSPUNLIVLong
by Visionary_Growth_Insights
3
🚀 CROMPTON’s breakout is turning heads! Will it fly high?CROMPTON has been on the radar of many traders after breaking out of a consolidation phase that lasted approximately 15 months. This breakout was characterized by a strong bullish candle, indicating a significant volume-supported price movement. Here's a simplified analysis of why CROMPTON might just be the stock to watch: After a prolonged downtrend, CROMPTON entered a phase of consolidation, with a clear resistance level that had been tested and held multiple times. The recent sessions saw a breakthrough of this resistance with a wide bullish candle, suggesting a robust breakout. Currently, the price is retracing towards what was resistance, now turned support—a classic example of polarity in action. Volume Analysis: The retracement is occurring on diminishing volumes, hinting that the selling pressure is weak, and the sellers are possibly less committed. Demand Zone Dynamics: There's a Rally Base Rally Demand Zone in play, and the price is now within this zone, indicating a strong setup for a potential upward move. The technical landscape suggests that CROMPTON is setting up for a Breakout Retracement Trade at the Demand Zone. Trade Strategy: Set a Stop Loss (SL) just below the Demand Zone to mitigate risk. The first target for taking profits could be the high of the breakout candle. To potentially benefit from a rally, consider trailing the SL to protect gains. Conclusion: The technical indicators for CROMPTON are aligning for what could be an exciting trading opportunity. With the price action and volume analysis pointing towards a bullish continuation. Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions. 🌟 Trading is a journey, and every trade is a new chapter in your story. 🌟 Please note that this analysis is for educational purposes only and is not intended as a trading or investment recommendation. I am not a SEBI registered Analyst.
NSE:CROMPTONLong
by AfnanTAjuddin
2