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
Nse
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
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
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.
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I hope this helps, and best of luck with your technical analysis!
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.
Nifty AnalysisNifty been trending lower for few months now. And a w-pattern reversal from bottom showed some strength as well. With lower interest rates forecast and a 20 month low VIX shows that stability and money might return with a bang in market again. Though market is at crucial point where it can again take a little downside but with global factors aligning itself as little positive, there's a probability that bull run might continue from here.
Happy Trading :)
Disc: Chart posted only for learning purpose.