Parallel Channel Paytm - 2Parallel Channel 2 entered
A Low of 510.05
10 march high break i.e., 795.80
will take resistance as a support between 861.35 and 893.70
parallel channel breakout after 1 sep 2022
retest its value near 861.35 and 893.70
company is in loss although next year comes in profit till march 2023 endings...
will gain its valuable price of 2150 (approx) again till june 2023...
#FIIs and #DIIs increased its percentage of shares in june 2022 ending
#paytm #paytmlong #paytmupi
Nse
Trend Analysis - EMA 100 reached Muthoot Finance seems poised for some upside here after reaching Trend resistance in weekly along with EMA 100 which has been a strong support.
Details explained in the Chart as well.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendation.
bank nifty analysis for 04 Aug 2022As per my strategy, we have 2 scenarios for bank Nifty for the 4th of august 22.
1st: The market will open with a gap-up of 100 to 180 points with price range of 38137 to 38196. If this happens, we can wait and watch for the 1st 5 mins candles, if we get the bearish candle. It means the profit booking of the market is being initiated so it will be a clear sign for us to book our own profit.
2nd: If the market opens near the previous closing price(up or downside), then we will wait for the market to take support of the 37880 level. If the market takes support to this particular level then we will enter the market by seeing at a very strong bullish confirmation candle and we will go to the upside.
My apologies guys, my mindset is totally towards the bullish side tomorrow, because I can see that the global market is strongly positive.
@Viraj Tiger
ABCAPITAL : Increasing momentumBased on the chart pattern and last couple of movements - we should be able to see 124 will be the next immediate target - if sustains current levels.
Few points :
2022-07-18: Crossing 4 week High, Crossing Weekly, and Monthly Pivots Upside. Close is above D-20 SMA but below WK/Month 20SMA. Close crossed D SMA-13 Upside. Normal NR7 - Breakout
2022-07-22: Volume is Monthly HIgh, Trend Changed +ve 2 days Back. Close is above Weekly 20-SMA. The monthly trend is -ve, and the Weekly trend changed to +ve today. Price Crossed Upside Monthly 50-SMA. Also Close crossed Weekly SMA-13 Upside
2022-07-26: ADX is >25 and DI+ is > 33
2022-08-01: ADX is >31 and DI+ is > 37 Close is above 20 SMA on Daily/Weekly time frames.
Please add to watchlist.
Breakout Ready: Aegis Logistics LimitedA clean breakout with high volume is seen in this stock. The Breakout is above a good among of range bound consolidation. Two consequitive days it makes big upmove piercing the long time neck line.
Williams Alligator is also moving upwards.
MANAKSIA - Will it break 6WK High?If the momentum sustains, Looking to break highs of 94 and 96.
Currently trading above D-20, W-20, M-20 SMA's
Also above D, W, M - 50 SMA's
Crossed Weekly and Monthly Pivots.
Current week high = 6 Week Back High.
Once cross this level - we should be able to see good momentum upside.
Pls add to the watchlist and do your own research before taking a call.