#Indian Hotel # Hospitality - looking bullish.# Good Volumes.
# EMAs - All up.
# ChartPattern - F&P.
# RSI - Buy.
# MACD - Up.
Oscillators
Jindal Steel Cmp 520 Morning Star Candle @ bottomJindal Steel Cmp 520 dated 26-5-2023
1. Morning Star Candle @ Support (Reversal
Candle)
2. RSI Reversal
Buy above 523 target 535-550-560-580 SL 500
It is just a view, please trade at your own risk.
Atul Ltd Cmp 6636 Reversal from SupportAtul Ltd Cmp 6636 dated 25-5-2023
Buy @ Cmp Target 6725-6850-6930-6975 SL 6540
It is just a view, please trade at your own risk.
Asian Paints Cmp 3200 Triple Top, Bearish Candle & RSI BreakdownAsian Paints Cmp 3200 dated 5-6-2023
1. Trippel Top Made
2. Bearish Candle @ Triple Top
3. RSI Breakdown
Sell below 3195 tgt 3175-3140-3110-3085 SL 3250
It is just a view, please trade at your own risk.
Route Mobile Cmp 1365 Bullish Candle @ ResistanceRoute Mobile Cmp 1365 dated 15-5-2023
1. Bullish Candle Made @ Resistance
2. Trendline BO @ 1370
3. RSO already done BO
Buy above 1380 for tgt 1400-1430-1495-1545-1599
SL 1320
It is just a view, please trade at your own risk.
Nifty RSI Diversion on Weekly ChartRSI Diversion seen on Weekly Nifty chart. There could be profit booking in coming days. Stay light on long side.
MFSL Cmp 634 Parallel ChannelMax Financial Services Cmp 634 6-4-2023
1. Parallel channel Consolidation, moved above mid line.
2. RSI Divergence
Buy above 637 for tgt of 650-670-680-700-710 SL 610
It is just a view, please trade at your own risk.
Deepak Nitrite showing continuous sign of uptrend.I have added all my observations in the chart.
H - High
L - Low
HH - Higher high
HL - Higher lows
briefing all the points,
Technically
Stock is not in overbought zone.
No signs of divergence with respect to prices with RSI graph
50EMA line just crossing 100EMA line
Stock making higher highs and higher lows
no bearish candlestick patter visible on daily chart
Stock seems to be in uptrend
Stock above 200DMA
Fundamentally
1. Stock showed increased operating profit from last 3 quaters.
2. No cons visible on screener site.
3. Increased Investments from DIIs for last 2 quaters
Summary
Stock seems like is in uptrend, with no negative indicator in sight.
REVATHI EQUIPMENT Market Cap 346 Cr.
Face Value 10
Intrinsic Value 613
Piotroski score 8
Debt to equity 0.15
Promoter holding 72.6 %
Stock P/E 16.6
Industry PE 44.3
ROCE 10.6 %
ROCE3yr avg 9.18 %
ROE 6.66 %
ROCE3yr avg 9.18 %
OPM 8.52 %
OPM 5Year 6.15 %
EBIDT growth 3Years 10.1 %
EPS YOY 68.7 / 41.4
Laurus Lab Cmp 305 Channel BO & Bottom CatchLaurus Lab Cmp 305 dated 3-4-2023
1. Parallel Channel BO @ 300 (already done)
2. 50 % correction already done from highs.
3. RSI reversal & done BO
Buy above 306 for tgt 320-330-345-360 SL 280
It is just a view, please trade at your own risk.
Bata India Cmp 1459 Rectangle BO & RSI BOBata India Cmp 1459 dated 20-4-2023
1. Rectangle Consolidation BO done @ 1451
2. RSI BO
Buy above 1470 (safe Trader) or risk taker can
buy @ Cmp for target 1495-1555 SL 1420
It is just a view, please trade at your own risk.
Cummins Ltd 1566 Trendline BOCummins Ltd 1566 dated 26-4-2023
1. Trendline BO @ 1570
Buy above 1570 for target 1600-1640-1660 SL 1545
It is just a view, please trade at your own risk.
Gujarat Alkali Cmp 704 Pennant Pattern BOGujarat Alkali Cmp 704 dated 17-5-2023
1. Pennant Pattern BO @ 710
2. RSI already done BO
Buy above 710 for target 725-745-795 SL 680
It is just a view, please trade at your own risk.
Vinati Organics Cmp 1995 H&S Pattern & RSI Vinati Organics Cmp 1995 dated 10-5-2023
1. Head & Shoulder Pattern BO @ 2020
2. RSI Reversal
Buy @ Cmp for target 2020-2070-2100-2150-2200
SL 1925
Pattern target will Be 2335 SL 1900
It is just a view, please trade at your own risk.
Adani Enterprise Cmp 1956 Triangle FormationAdani Enterprise Cmp 1956 dated 19-5-2023
1. Triangle Formation BO above 2010
2. RSI reversal
Risky Trader buy @ Cmp target 2005-2100-2225
SL 1870
It is just a view, please trade at your own risk.
Indiamart Cmp 5641 Bearish Engulfing & Marubozu CandleIndiamart Cmp 5641 dated 18-5-2023
1. Bearish Engulfing or made Red Morubuzu (both
Bearish Candle)
2. RSI breakdown
Sell Below 5610 target 5500-5400-5350 SL 5725
It is just a view, please trade at your own risk.
NZDJPY 4 Hour Analysis (18 May 2023)NZDJPY Trading Ideas
1. QM formation found
2. Price is in Supply area
3. We can find bearish divergence in
AO and MACD
4. Expecting Bearish move, but we have to wait.
GBPCAD 4 Hour Analysis (18 May 2023)GBPCAD Trading Ideas
1. Price is touching the Trendline again
2. we can observe divergence in AO and MACD
3. We can expect bullish entry
but if the trendline breaks, then we have
to wait for a retest for bearish entry
Torrent Pharma Cmp 1651 Bearish Engulfing Candle & RSI BDTorrent Pharma Cmp 1651 dated 9-5-2023
1. Bearish Engulfing Candle @ Resistance
2. RSI breakdown
Sell below 1645 for target 1630-1615-1600-1580
1560 SL 1680
BSOFT Cmp 267 Reversal @ Support & Three White Crows CandlestickBSOFT Cmp 266.70 dated 3-4-2023
1. Reversed from Support Line @250
2. Three White crows CandleStick made
2. RSI reversal & on verge of BO
Buy above 268 for target 275-285-295-305 SL 255
It is just a view, please trade at your own risk.
Excel Industries Cmp 891 Triangle BOExcel Industries Cmp 891 dated 10-4-2023
1. Triangle Pattern BO @ 890
2. RSI BO
Buy above 900 for target 925-950-990-1030 SL 850
It is just a view, please trade at your own risk.
Paytm Cmp 699 Bearish Engulfing @ ResistancePaytm Cmp 699 dated 11-5-2023
1. Bearish Engulfing Candle @ resistance.
2. RSI negative divergence
Sell below 694 for target 670-655-640-610 SL 740
It is just a view, please trade at your own risk.
HDFC BANKTime frame is 15 min @support. As per my strategy CCI & RSI above 0 is bullish and below is bearish. Just need a basic understanding of support and resistance no fancy foolishness. As per as the chart it seems like it will be near support and if the support is taken one must enter a long position with a very small SL. Regarding my trades I will short this as I prefer to trade in probabilities and only one side of the market and that is short side because I love gravity.
