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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Oscillators
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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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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NIFTY MIDCAP Making in W pattern HourlyHello,
Indian indices fall 2 to 4% after trump oth Nifty midcap 100 spot 52700 making in W pattern if support taken then bounce upto 55000 possible RSI is oversold with positive divergence ocsillators are bullish below 52000 more panic possibilty for 51000, 50000, 48500.
Biocon Higher Lows and Key Levels Broken.NSE:BIOCON today made higher Lows and Broke Out Key Levels, with RSI and MACD showing a Bullish Momentum, a Swing up to 400 Looks Good and Postionally 450.
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Newgen in Blue Sky.NSE:NEWGEN showed a strong upmove today Crossed Key Levels and Hit an all-time high, with RSI bouncing back Sharply again.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader.
For Postional Trade let it cool down a bit and then try to enter at swing low.
Target(Take Profit):
1977 will be Levels for Swing/Positional Trader.
Stop-Loss:
Around 1534.15 For Swing Trade and Positional Trader.
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Bajaj Healthcare Showing Strength, Crossing Key Levels after BO.NSE:BAJAJHCARE today closed strongly on weekly charts of the consolidation after a big breakout with heavy volumes and RSI and MACD are Showing Strength on the Weekly timeframe.
About the Company:
NSE:BAJAJHCARE manufactures a wide range of Active Pharmaceutical Ingredients and Formulations, It is focused on the development, supply, and manufacturing of Amino Acids, Nutritional Supplements and Active Pharma Ingredients for the Pharmaceutical, Nutraceuticals and Food industries.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels. It is now in Blue Sky Terriorty so have a small Position Size
Target(Take Profit):
805.80 Levels for Positional Trader.
Stop-Loss:
Around 535.95 For Swing Trade and Recent BO Base for Positional Trader.
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