Get started

Nse

BUDGET 2024: Technical Outlook & Money Flow in Different SectorsNSE IT SECTORS NSE:CNXIT TREND: POSITIVE India IT sector is currently on an upward trend. After a bullish Pole & Flag pattern was spotted on the chart, a breakout occurred leading to a surge in index and the formation of a bullish Pennant pattern. Encountering resistance at the 38,600 level, the IT index underwent a correction and consolidation phase. During this consolidation, a Rounding Bottom pattern emerged, suggesting a potential continuation of the trend. Since the breakout, the index has successfully maintained levels above the breakout point and is steadily climbing higher. NSE FMCG SECTORS NSE:CNXFMCG TREND: POSITIVE The chart shows a strong uptrend. In the past, there was a bullish Pole & Flag pattern formation, resulting in a surge after the breakout. The index faced significant resistance at 58,000, causing a correction and consolidation. A Cup & Handle pattern appeared emerged in the chart, suggesting a potential continuation of the trend. The recent breakout in the cup & handle pattern suggests that the FMCG index has managed to stay above the breakout level and is gradually moving higher. NSE METAL SECTORS NSE:CNXMETAL TREND: NEGATIVE The metal industry underwent a period of consolidation time and again in the past. Reaching a peak near the 10,200 level, the metal index consolidated again, and a recent breakdown suggests a potential downward movement. Looking at the downside, the 8,800 level could serve as a solid support, leading to a possible rebound in the index. NSE MEDIA SECTOR NSE:CNXMEDIA TREND: NEGATIVE A bullish Ascending Triangle pattern was visible in the chart earlier. Instead of breaking upwards, the index experienced a breakdown, marked by a powerful bearish marubozu candle. Furthermore, the support level was breached, leading to a notable decline. The index eventually found support and traded within a box pattern. Following the breakout, the index rallied but encountered resistance at the former support level, now acting as a resistance post-breakdown. It is anticipated that the Media index will continue to decline and potentially find support around the 1,750 level.
NSE:CNXITEducation
by GoodluckCapital
Tanla - Monthly Chart - Ascending Channel - LongTanla Platforms Ltd. has been trading within a well-defined ascending channel for almost 10 years now. The support at the bottom of the channel and the resistance at the top of the channel have been tested many times over the years, as the chart shows. The Price has again bounced after touching the bottom of the channel last month and RSI has a strong upward trajectory. Key Points: Ascending Channel: The stock has maintained an ascending channel for almost a decade, with the price consistently respecting the channel's boundaries. Support at Bottom: The lower boundary of the channel has been tested multiple times and has held strong, indicating robust support. Resistance at Top: The upper boundary of the channel has also been tested multiple times, acting as a reliable resistance level. Recent Bounce: The price recently hit the bottom of the channel last month and bounced off, suggesting a possible continuation towards the upper boundary. Volume Analysis: The volume has shown significant spikes during periods of upward movement, reflecting strong buying interest. RSI: The RSI (14) is currently at 52.98 and trending upwards, indicating growing bullish momentum. The RSI's upward trend further supports a bullish outlook. Disclosure: Invested at 920.00 Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
NSE:TANLALong
by gurinder1988
Valiant Organics NSE by KRSChartsDate: 24th April 2024 Time : 10:45 Am Valiant Organics has been in my watchlist for a long time, Finally, it seems like its Wave structure of downfall is finished with March low point. Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target. Apart from this There is a Double Bottom Chart Pattern is visible too with Bullish Div on Monthly TF with RSI. More Confirmation had arise when on 1st April its Gap up and Now showing Positive Order Block on Weekly TF too. SO, with a SL of 394 Rs. (D Closing Basis) we can long Valiant Organics for Target of 860+ Rs. But make sure if you want to little more safe entry it will be above POC line at any price.
NSE:VALIANTORGLong
by KRSCharts
PLASTIBLENDS - Monthly - Ascending Channel - Bullish - LongPlastiblends India Ltd. has shown a strong uptrend within a well-defined ascending channel since 2013. The recent price action suggests a continuation of this trend, presenting a compelling opportunity. Technical Analysis: Ascending Channel: The stock has been trading within an ascending channel for over a decade, demonstrating a consistent pattern of higher highs and higher lows. Support and Resistance: The stock recently bounced off the lower boundary of the channel, a strong support level. The upper boundary of the channel acts as the resistance. Volume Analysis: The volume has shown spikes during uptrends, indicating strong buying interest. RSI Indicator: The RSI (14) is currently at 62.46 and trending upwards, suggesting increasing bullish momentum. The RSI has bounced off from the mid-50 level, a common support in uptrending stocks. Plastiblends India Ltd. is in a robust uptrend within an ascending channel. With strong technical indicators and bullish momentum, this stock presents a favorable risk-reward ratio in my opinion. What are your thoughts? Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
NSE:PLASTIBLENLong
by gurinder1988
GTPL - Symmetrical Triangle Breakout with Retest - Bullish LongGTPL Hathway Ltd. (NSE: GTPL) has recently broken out of a symmetrical triangle pattern on the daily chart. The breakout has been followed by a successful retest, indicating a strong bullish signal. A Symmetrical Triangle Breakout would indicate a continuation of prior trend, which is bullish in the long-term, as shown by the Monthly Chart below. I have also given a possible long-term channel for GTPL. The support at the bottom of the channel has been tested multiple times, as shown. We'll have to see if the top also holds but that is a long time away. On the Monthly time-frame, the RSI is also on an upward trajectory, as shown. Please comment with your views on the set-up. Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
NSE:GTPLLong
by gurinder1988
"SEBI's Proposal: A Threat to Small Retail Traders" The Securities and Exchange Board of India (SEBI) has proposed new rules to reduce the high volume of derivatives trading. One of these measures is to increase the minimum trading amount, known as the lot size, to ₹20-30 lakh. This is a concern for small retail traders who make profits, as it will make it difficult for them to trade. However, the same SEBI allowed daily expiries for Nifty options, which has further led to an increase in trading volume. Now, they are proposing to switch back to weekly expiries, which is a good move actually. However, if the lot size is increased, only big players will be able to trade and earn profits, while small retail traders will either have to stop trading or borrow money to trade. But what if most of these traders borrow money and end up making losses again? In that case, this change is not a solution The government claims that these new rules are beneficial for retail traders because many of them are experiencing significant losses. However, I believe this is nonsense. The government previously praised retail traders for participating in the market and even the National Stock Exchange (NSE) considered extending trading hours before. But everyone knows that many retail traders incur losses due to a lack of knowledge about the market and greed. There are numerous social media fake influencers who deceive people by showcasing fabricated profits and promising easy money. These influencers attract individuals who are desperate for an additional source of income due to their low salaries, grueling work hours, or unemployment. These people yearn to earn money quickly without investing excessive time. So Banning influencers who provide false P&L statements : Regulators can take action against influencers who mislead the public by presenting fake trading records, making it difficult for them to continue operating. Implementing a "cooling period" for traders : If a trader consistently incurs losses for six months, their trading account can be temporarily blocked or restricted, giving them time to reassess their investment strategy. Reintroducing traditional expiry methods : reverting back to the old expiration method (instead of daily expiration), the market may become more stable and less prone to excessive trading volumes. By implementing these measures, the government and regulatory bodies can reduce trading volumes in derivatives and protect investors from fraudulent activities. " Finally I respectfully ask SEBI to reconsider their proposal. There are many retail traders who have a good income, but they don't have a lot of money to start with. It's like starting a small business - you usually start with a little money and then gradually add more as the business grows. It would be unfair to require retail traders to start trading with a large amount of money.
NSE:IDEA
by ard-komercisto
SWING IDEA - GRASIMGrasim Industries , a prominent player in the Indian conglomerate landscape, presents an intriguing prospect for swing traders, as evidenced by a convergence of technical factors signaling a potential upward rally. Reasons are listed below : The repeated testing of the 2175 level underscores its significance as a critical support/resistance zone. With the recent breach accompanied by strong candle activity, the stage is set for a significant market movement. A bullish engulfing candle, spanning daily price action over the past two months, serves as a powerful signal of bullish momentum, marking a pivotal juncture for traders. The presence of the 50-day Exponential Moving Average (EMA) as a support level on the daily timeframe adds further credence to the bullish outlook. Elevated trading volumes serve as a corroborating factor, indicating heightened market participation and conviction behind the price movement. The recent breakout from a two-month consolidation phase signifies a significant shift in market dynamics. Such breakouts often herald the onset of a new trend or the resumption of an existing one, presenting lucrative opportunities for traders to capitalize on directional movements. The consistent formation of higher highs underscores the underlying strength of the uptrend. This pattern of ascending peaks reaffirms the prevailing bullish trajectory, offering traders confidence in the sustainability of the upward momentum. Target - 2360 // 2575 Stoploss - Daily close below 2045 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:GRASIMLong
by Visionary_Growth_Insights
SWING IDEA - HFCLHFCL emerges as an attractive swing trade prospect, combining technical strength, breakthrough dynamics, and heightened market participation. Traders eyeing potential opportunities should keep a keen eye on these developments, as HFCL navigates its path in the market. Reasons are stated below : After enduring multiple tests at the 92 levels, HFCL has successfully broken through, signifying a notable shift in market sentiment. A noteworthy spike in trading volumes accompanied the breakthrough, underscoring heightened market interest and potential sustained momentum. The stock is exhibiting a pattern of forming higher highs, a crucial sign of an ascending trend and an encouraging signal for traders. A strong bullish candle on the weekly timeframe serves as a powerful breakout signal, further affirming the positive trajectory for HFCL. Adding to the bullish narrative, HFCL exhibits a robust 900-day consolidation, reflecting stability and resilience in the face of market fluctuations. Target - 121 // 153 StopLoss - weekly close below 82 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:HFCLLong
by Visionary_Growth_Insights
4
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.
NSE:RBLLong
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