RELIANCEIs RELIANCE INDUSTries ready for another major rally on the upside , RR looking great with downisde risk of just 3-4% , if idea goes right reward can even be 30%
Nse
Syngene International - A Perception TradeThis is a very good opportunity for new comers to learn market behaviour and see how price behaves in the market from inflection points.
Marked areas are inflection points for the stock.
Two types of trades possible here.
Sell at the resistance with potential sellers or wait for them being taken out and buy the strong breakout on the upside.
There are always two ways of looking at a trade. Also an important point is to look at the market from the buyers and sellers POV.
Will update as how the trade plays out. Look to trade of the daily charts. Have shared weekly charts for more clear charts and price action.
Disclaimer - Please trade as per your risk appetite. Do not look to risk your entire capital. I am just sharing my thoughts and ideas in the market and will not be responsible for any profit or loss. Please do your due diligence as well.
NIFTY50 #NSE Travelling in a downward channel since Dec 2022 I'm expecting Nifty50 to take support from this zone.
Currently from the support of the channel, i expect it to at least climb the halfway mark.
NIFTY ANALYSIS - 09/05/2023BUY - 18290
SL - 18250
TARGETS - 18350,18400,18450
SELL - 18250
SL - 18290
TARGETS - 18220,18170,18130
Trade with Your own risk
BANK NIFTY ANALYSIS - 09/05/2023BUY ABOVE - 43400
SL - 43350
TARGETS - 43580,43770,43900
SELL BELOW - 43170
SL - 43270
TARGETS - 43000,42380,42580
Trade with your own risk
4H ICICI BANK - Long Entry1. Pin Bar nicely formed in the support and resistance zone
2. Trendline off - It is another confirmation
3. Take Profit and Stop Loss which is clearly mentioned in the candlestick chart.
TATA COMMThe stock is at a perfect level to buy, The volumes at the support level are very high, if the stock sustains this bulls can run for a long time.
I am waiting for stock to test 1200 levels again to buy.
People in FOMO can add few quantities at this level. and add more quantities when needed to average.
Dont hold the stock below the trendline
AXIS BANKAXIS Bank is at a good level to buy. You can start with small quantity and further increase quantity after a bullish confirmation.
The three possibilities are marked in the chart. A good stock to keep on your watchlist.
The only downside is the volumes, they are indicating a short position, please trade with proper risk management
apollo hospital for the long winI've made the technical analysis for this. as you can see, the pattern is following the trend analysis and it will hprobably break out and reach the level.
BHARTIARTL BUY Bharti Airtel is a very popular stock in the Telecommunication Sector, It has an average delivery% of 60%(last 1 year) and in a few days the big guns are taking delivery of it with more than 66% with increasing volume.
Technically speaking it is making a beautiful support at 760 levels.
I am planning for a long trade.
EXPIRY is 27th MAY
-1x 25MAY2023 760PE - ₹ 7.5
+1x 25MAY2023 730PE - ₹ 2.75
Prob. of Profit is 72%
Max. Profit is 9.4% of capital
The margin required to purchase one lot is ₹ 47,589
Manglore chemicalsLooks like manglore chemical is set to touch the top again and with volume apparently!
ASTRAL SHORT HI guys!!!
astral red candle are full and filled with volume to drive it down till the bottom line!
SHort traders keep a keen eye on this
3 Expected Bottom Their are 3 expected bottom for TCS, which is predicted using ELLIOTT WAVE ANALYSIS. As shown we are in the process of WAVE C. Ending of WAVE C is expected at 3 point, which are 62%, 100% & 123% (projection of WAVE C)
GLAND : Looking for buying opportunity!GLAND Pharma is looking for a great buying opportunity after formed descending channel lined up with double bottom, Expecting to reach at 4000
Atul AutoAtul Auto is on his way to achieving the target 478 / 509 🎯
Note : This is just for Backtesting and Educational Purpose Only.
NIFTY IT at SupportsNIFTY IT Index at Horizontal supports along with RSI Divergence, Possible upside till 32000.
ABCAPITALNSE:ABCAPITAL CMP: 157.7
SL: 131
Initial Target: 255(ATH)
If holds and crosses, 248 then target 280(as per pattern).
RR(For first target): 3.5:1 (for target 255). Beyond that it improves
Reason:
1 - Finance Service index looks good.
2 - Stock looks like breaking out of Inverted H&S Pattern.
3 - Above all moving averages on Daily and Weekly
4 - RSI is above 50 and looking good.
5 - MACD looks positive.
6 - RS is +ve.
Note - Notice the right shoulder is not as low as the left shoulder. Again, just the reverse of the regular head and shoulders pattern where the right shoulder was not as high as the left, indicating weakness. But in this case the right shoulder is not as low as the left, and this is indicating strength. It's a bullish continuation Inverted H&S Pattern.
Fundamentally also, this stock looks good. I'm not going into the fine prints of fundamentals of this entity in this post.
Disclaimer: The buy and sell recommendations provided in this report are for informational purposes only and do not constitute financial advice. The information contained in this report has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Any opinions expressed in this report are subject to change without notice.
Trading stocks involves substantial risk, including the loss of all or a portion of your investment. Before making any investment decisions, you should carefully consider your financial objectives, risk tolerance, and financial situation, and consult with a financial advisor if necessary.
The information and recommendations provided in this report are not intended to be used as the sole basis for making investment decisions. You should conduct your own research and analysis, and consult with a financial advisor before making any investment decisions.
The author and publisher of this report are not responsible for any losses or damages arising from the use of this information. By accessing this report, you agree to hold the author and publisher harmless from any losses or damages arising from the use of this information.
Additionally, I welcome any corrections or feedback on this analysis. Please feel free to share your thoughts and perspectives in the comments section.
I hope this helps, and best of luck with your technical analysis!
SBI India Long from support trendlineSBIN Took support from multiyear support trendline and is ready to touch 650+ levels. SL of 40 points for RR 1:3
Sun Pharma Multi Year ChannelSun pharma is moving in multi year Channel, long at supporting trendline Nd short at resistance Trendline.
Tatamotor Symmetrical Triangle BreakoutTata Motors has broken out of an Symmetrical Triangle after consolidatiing for more than an year. Possible Targets of 600 with small SL of 30/40 points. RR 1:3/4
Bank of Baroda Triangle ThrowbackA very interesting Chart. Triangle Breakout and throwback along with gap fill support. If sustains then target is of 50 points on 5/10 points SL.
India Mart Intermesh an NSE stockIndia Mart Intermesh an NSE stock, in daily time frame and its levels basically is forming a cup and handle pattern and its about to break out the cup but yet to form the handle i think, well I am giving the levels and expected to touch but sure about the time
ZYDUSLIFEZYDUSLIFE:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
