HDFC Bank - Swing Trade NSE:HDFCBANK is looking Super Strong on the Daily time frame after forming a perfect base today it broke out and closed significant levels with MACD and RSI Trending Upwards it Can retest its ATH Levels soon.
About:
NSE:HDFCBANK is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.
As of April 2024, NSE:HDFCBANK has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges. It is India's one of 3 systemically important banks with a 15% market share in the banking sector’s advances and a 37% market share in the private sector banks’ advances as of FY24.
F&O Activity:
Short's Getting Covered in Futures with decreasing OI with 1740 CE OI covering Significantly.
Trade Setup:
Buy on Dips if Possible Near Base Levels or Start with a Few Qty to see the momentum if continues further Sharply or Consolidates.
Target(Take Profit):
Ideally around ATH Levels near 1860 to 1880 Levels
Stop Loss:
Entry Candle Low for Swing Traders and Swing Low Base Formed as Mentioned for Positional and Buy on Dips Traders.
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Oscillators
GRSE - Chart of the Week, Breaking Trendline and Made a BaseNSE:GRSE has a beautiful structure on the Weekly Timeframe to Qualify for my Chart of the Week idea, it saw Decent Volumes this week around the marked Key Levels of 100 WSMA and also broke the trendline with RSI Trending Upwards.
About:
NSE:GRSE is a premier shipbuilding company in India under the administrative control of the Ministry of Defence, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
NSE:GRSE is a diversified, profit-making and the first Shipyard in the country to export warships and deliver 100 warships to the Indian Navy and Indian Coast Guard.
Trade Setup:
Could be a good Positional Trade with the 100 WSMA Being a Major Support along with Marked Key Levels, Buy on Dips as the Entire Defense Sector is in an Uptrend and it Broke the Trendline Strongly this week.
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DOMS - ABCD Pattern, Crossing Swing Highs.NSE:DOMS Crossing Swing Highs with Strong Candles With RSI and MACD Trending Upwards and according to ABCD Pattern it's Likely to Cross ATH in Short Term.
About:
Incorporated in 2006, NSE:DOMS is a stationery and art product company primarily engaged in designing, developing, manufacturing, and selling a wide range of these products under the flagship brand, NSE:DOMS is the 2nd largest player in India’s branded 'stationery and art' products market. It held 29% and 30% market share for its core products in FY23 for pencils and mathematical instrument boxes.
Trade Setup:
A Swing Trade Can be Done as per the ABCD Pattern and Bullish Price Action. Keep Position Size as Per Appetite.
Target (Take Profit):
Near ATH Levels of 3115
Stop Loss:
Entry Candle Low for Aggressive Swing Traders and Swing Low in General.
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Sarda Energy - Swing TradeNSE:SARDAEN today broke key levels with good levels, it again took support near the base where it is being accumulated and is trading in a Flat Channel which makes this a good swing to the upper edge of the Flat Channel if the Flat Channel is broken it can give a good Swing Up again so keep in watchlist and can buy again at lower level of the channel if retraced.
About:
Incorporated in 1973, NSE:SARDAEN is the flagship company of Sarda Group and is engaged in the production of steel, ferro alloys and power.
Trade Setup:
Good be a Good Typical Flat Channel Trade With RSI and MACD Trending Up with Good Volumes.
Target(Take Profit):
Short Swing towards 525 (ATH) and if Flat Channel is Broken Can Give Further Upswing.
Stop Loss:
Today's Candle Low i.e. 473 or Entry Candle Low if Trade Taken in Retracement.
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Redington Bounced from a Long Term Base With MACD +veNSE:REDINGTON today confirmed a Strong Base Formation after closing above major Levels RSI Showing Bullish Momentum and MACD turned Positive Today With Good Volumes.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit):
234.25 Levels for Positional Trader.
Stop-Loss:
Around 198.58 For Swing Trade and Recent Base for Positional Trader.
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Shyam Metalics & Energy Crossing Key Levels.NSE:SHYAMMETL today gave almost a 9% Move Closing above key levels and making new Swing Highs on the back of the News of Business update of Jan Month.
JANUARY STAINLESS STEEL SALES VOLUMES UP 59% YOY
JANUARY SPONGE IRON SALES VOLUMES UP 1% YOY
About:
NSE:SHYAMMETL is primarily engaged in manufacturing steel and allied products including pellets, sponge iron, TMT and long products, ferroalloys and power generation.
Trade Setup:
It could be a Good 1:1 Positional Trade as it made a Good Base near July Month Breakout Levels with RSI and MACD Trending Upwards and Closing Above all Major Moving Averages. Buy on DIps Will be a better approach
Target(Take Profit):
Around 975 or ATH Levels for Positional Trader
Stop Loss:
Recent Base Will Act as a Support so keep it as Stop Loss. Swing Trader Can Keep Entry Candle Low as Stop Loss.
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Buy on Dips Narayana Hrudayalaya NSE:NH has a beautiful structure on the Daily timeframe it saw Good Volumes around the marked Key Levels which were previously All-Time highs around last year it broke out today and made a new ATH after a year.
Technically above all Moving Averages and RSI and MACD show an Uptrend.
About:
NSE:NH is engaged in providing economical healthcare services. It has a network of multispecialty and super-speciality hospitals spread across multiple locations.
Trade Setup:
Could be a good Positional Trade with Buy on Dips Approach May Retest the Breakout Zones again
Target(Take Profit):
Around 1806 Levels
Stop Loss:
Entry Candle Low or The Key Levels Marked.
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LTIM Trendline BD and Retest Fail With King CandleNSE:LTIM today made a Bearish Engulfing or Black Marubozu King Candle, Previously Breaking its trendline and retesting which failed today completely. RSI and MACD are Trending Down.
About:
NSE:LTIM offers a comprehensive range of IT services, including application development, maintenance and outsourcing, enterprise solutions, infrastructure management, testing, digital solutions, and platform-based solutions for clients across various industries.
F&O Activity:
Short Buildup in Futures with 5800 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent swing high as a strong resistance zone, and the Trendline is also broken.
Target(Take Profit):
Around 4915 Levels for Swing Trader & Positional Trader
Stop Loss:
Entry Candle High for Swing Trader and Recent Swing High or 5800 Levels for Positional Trader.
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Airtel Strong Q3 and Uptrend NSE:BHARTIARTL is showing a good uptrend with good Q3 Numbers.
Revenue growth was driven by strong underlying momentum in India, sustained constant currency growth in Africa, and the consolidation of Indus Tower Limited, effective 19 November 2024. Net profit increased significantly due to an exceptional net fair value gain on Indus Tower and a forex gain due to currency appreciation. Capex for FY25 is expected to be lower than FY24, and that would expand in FY26. Fibre rollout continues to be a key area of focus for the company.
About:
NSE:BHARTIARTL is one of the world’s leading providers of telecommunication services. It is in 18 countries, including India, Sri Lanka, and 14 African countries.
F&O Activity:
Long Buildup in Futures with 1720 CE Gaining Significant OI.
Trade Setup:
It looks like a good 1:1 trade setup, with the recent base as a strong support zone, the RSI and MACD trending upwards, and the trendline being respected.
Target(Take Profit):
Around 1720 Levels for Swing & 1842 for Positional Trader.
Stop Loss:
Entry Candle Low or Trendline for Swing Trader and Recent Base for Positional Trader.
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Redington in Blue Sky With Vol Post Q3NSE:REDINGTON is now in blue sky with Vol. Post Q3. With RSI and MACD Trending Up.
About:
NSE:REDINGTON is a leading IT and mobility product distributor and a supply chain management solutions and support services provider in India, the Middle East, Turkey and Africa.
Trade Setup:
As it's in the blue sky, there is no target just wait for pullbacks and buy on dips keeping the mentioned Supports as Stop Loss.
Target(Take Profit):
Depends on your entry just keep 1:1 at least.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Swing Lows for Positional Trader.
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IEX Bullish Base Formed NSE:IEX today gave a good up move, confirming the recent base as a strong bullish base, recently it posted its monthly volumes in Jan up 16% YoY.
About:
NSE:IEX provides an automated platform and infrastructure for trading electricity units for the physical delivery of electricity.
F&O Activity:
Long Buildup in Futures with 180 PE Gaining Significant OI.
Trade Setup:
Looks like a good 1:1 trade setup with the recent base as a strong support zone, RSI and MACD trending upwards.
Target(Take Profit):
Around 206 Levels for Swing & Positional Trader.
Stop Loss:
Entry Candle Low for Swing Trader and Recent Base for Positional Trader.
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MFLOUR - RSI reading hint a BULLISH OUTLOOK ?MFLOUR - CURRENT PRICE : RM0.545
MFLOUR has been on a downtrend since June 2024 and began consolidation on November 2024.
Based on ICHIMOKU CHART, last Friday the share price rises and penetrated LEADING SPAN 2 - Closed inside KUMO. At the same time CHIKOU SPAN starts to move above CANDLESTICK - this shows a little bit bullish scenario.
There were also BULLISH DIVERGENCE in RSI oscillator. Interesting part is RSI break above 50 points on last Friday. This rising reading in RSI oscillator add more bullish outlook for this stock.
ENTRY PRICE : RM0.545
TARGET : RM0.575 , RM0.595
STOP LOSS : RM0.520
TAYOR !
Notes : Malayan Flour Mills Bhd. engages in the flour milling business. It operates through the following segments: Flour and Grain Trading (FGT), Poultry Integration (PI), and Others.
Chola Fin. Formed Short Term BaseNSE:CHOLAFIN made a short-term base of 1168-1185 and is near its BO Levels of 1343.15 with RSI and MACD Trending Upwards.
About:
NSE:CHOLAFIN is one of India's premier diversified non-banking finance companies, engaged in providing vehicle finance, home loans and loans against property.
F&O Activity:
Significant Long Buildup With 1300 CE OI Significantly Decreased.
Trade Setup:
It looks like a good 1:1 Trade with the Recent Base as a Stop Loss for a Swing Trade after it Crosses Key Levels of 1343.15.
Target(Take Profit):
Around 1507 Levels for Swing & Positional Traders
Stop Loss:
The base of Channel 1168 for Positional Traders and Entry Candle Low for Swing Traders.
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DEEPAKFERT Showing Strength From Base With Good Q3NSE:DEEPAKFERT showed strength today bouncing from a good base on the back of good Q3 Results, with RSI and MACD Showing Strength.
Q3 consolidated net profit jumped more than four times Y/Y, while revenue from operations climbed 39% Y/Y. Management says revenue from its crop protection business rose 55% due to good monsoon. Its profit margin also expanded to 10% from 3% a year ago. REVENUE FROM OPERATIONS 25.79 BILLION RUPEES, NET PROFIT 2.51 BILLION RUPEES.
Trade Setup:
It can be a Good 1:2 RISK-REWARD Trade with the recent being base being crucial.
Target(Take Profit):
52wh Levels for Swing Trader and 1522 for Positional Trader.
Stop-Loss:
Entry Candle Low For Swing Trader and a Recent Base of 1071 for Positional Trader.
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IRB Double Bottom Swing NSE:IRB confirmed a Double Bottom today with RSI Showing Strength and Excellent Q3 FY 24-25 Resluts out today and now looks likely to give a good swing.
F&O Activity:
Significant Long Build-up with 55 PE showing a Significant Increase in OI.
Trade Setup:
Looks like a good double-bottom Formation can give a swing to the previous Double Top and if Crosses 200 DSMA Postionally will look very good
Target(Take Profit):
Upper Resistance Levels of Double Top for Swing Trader. Positional Trader Aim for 10-15% Upside from Entry.
Stop-Loss:
Entry Candle Low For Swing Trader and a Red Coloured Double Bottom Base for Positional Trader.
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Tata Cons. Prod. Cup and Handle BO.NSE:TATACONSUM today gave a Cup-and-Handle Breakout, with the RSI and MACD Showing Buy Strength as it crossed Major Levels.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade with the recent base being crucial and the Size of the Cup as the Target on the upside as it usually is for cup & Handle Breakout.
Target(Take Profit):
1087 Levels for Swing/Positional Trader.
Stop-Loss:
Around 926 For Swing Trader and a Recent Base of 880.35 for Positional Trader.
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Mphasis Double Bottom Looking good for a Swing/Postional Trade NSE:MPHASIS this week showed excellent price action on the back of decent Q3 Results and Management Commentary of Revenue during the quarter was driven by strong growth in the Banking and the Technology, Media & Telecom segments coupled with healthy revenue ramp-up in new clients despite the current quarter being a seasonally soft quarter. Consolidated revenue was up by 0.7% QoQ while net profit was up by 1.1% during the same period. The management stated that sustainable EBIT margin would be in the range of 14.6%-16%.
F&O Activity:
Significant Long Build-up with 2900 PUT Showing Significant OI addition.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade with the recent double-bottom base being crucial. After making a double bottom the stock started a pullback with decent volumes. RSI also gaining momentum, indicating a continuation of the recent up move. When should I enter? ideally 50% near 3000 and the remaining 50% near 2950.
Target(Take Profit):
3260/3565 Levels for Swing/Positional Trader.
Stop-Loss:
Entry Candle Low For Swing Trader and Recent Base of 2758/2730 for Positional Trader.
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Fresh Buy Sinal on Globus Spr. With MACD getting +veNSE:GLOBUSSPR today gains on the drop in rice price for ethanol distilleries with MACD turning Positive and RSI showing Strength, it was from a good base if the given resistance is broken it can provide a good swing.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade, with the recent base being crucial levels on downside.
Target(Take Profit):
1115.80 Levels for Positional Trader.
Stop-Loss:
Around 795.85 For Swing Trade and Recent BO Base for Positional Trader.
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RSIThe Relative Strength Index (RSI) is a widely used momentum oscillator in technical analysis that helps traders identify overbought or oversold conditions in a market. Here’s a brief overview:
Interpretation:
Overbought: An RSI above 70 suggests that the asset might be overbought and could be due for a pullback.
Oversold: An RSI below 30 indicates that the asset might be oversold and could be due for a bounce.
OFSS Stock of the Week.NSE:OFSS is at a perfect level for a Short Downside Swing as per the price action on daily charts. Although the RSI is in an Oversold Zone it may give a dead cat bounce.
F&O Activity:
11,000 Looks like a Big Resistance With Major Long's being Covered.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader if the Level is Breached.
Target(Take Profit):
8866.65 Levels for Swing Trade.
Stop-Loss:
11187.65 Levels for Swing Trade.
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