Bottom Fishing - TATASTEEL📊 Script: TATASTEEL
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Right now RSI is trading at 32 stock came out of oversold zone, one can go for Bottom Fishing.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 160
🟢 Target 🎯🏆 - 174
⚠️ Stoploss ☠️🚫 - 151
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Oscillators
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.
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.
Multiple Indicator - TRIVENI📊 Script: TRIVENI
📊 Sector: Sugar
📊 Industry: Sugar
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 71.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 426
🟢 Target 🎯🏆 - 451
⚠️ Stoploss ☠️🚫 - 416
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Gujarat Containers - Week - Breakout from Symmetrical Triangle?Analyzed the weekly chart of Gujarat Containers Ltd. (BSE: 523108), which is showing a promising breakout from a symmetrical triangle pattern.
As you can see, the price has broken out of the Trendline recently and has performed a retest as well.
Bullish Divergence on Daily:
Recently a Divergence was also observed on the Daily Chart where the Price made a Lower Low while the RSI made a Higher Low.
The RSI has been on an upward trajectory since.
This setup looks quite promising for a continued upward move. What do you guys think?
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Infosys Ltd Analysis!NSE:INFY Analysis on a Daily Timeframe!
Double Bottom Pattern formation in Infosys Ltd!
Double Bottom Pattern/ W Pattern Formation with RSI Divergence!
Analysis:
As we can see in the chart NSE:INFY started falling down from Feb 2024. It was in clear downtrend. After that it has made a double bottom pattern but it's second bottom is lower than its first bottom, so I have added RSI indicator to get a confirmation about Divergence. We can see a clear divergence while price falling down RSI moving upwards so we can expect the price will move upwards in the upcoming trading sessions. I have marked all the important levels on the chart please have a look.
Trade Psychology and Setup:
Entry = Current price level is good to Enter
Target = 1607.65
Stop Loss = 1460.50
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
SEI/USDT: Bullish Shark Pattern Signals Potential RallySEI/USDT has formed a bullish shark pattern and is showing a bullish divergence bounce, indicating strength.
There is now a chance to retest the $0.30 level, after which a rally is expected.
The targets are $0.58 and $1.16.
#SEI #USDT #CryptoTrading #BullishSharkPattern #BullishDivergence #CryptoAnalysis #TradingTargets #CryptoRally #TechnicalAnalysis
Everest Organics - Monthly - Ascending Channel - Bullish - LongEVEREST ORGANICS LTD. is exhibiting strong bullish signals on the monthly chart. Here is a detailed analysis of the key technical indicators and potential future movements:
Ascending Channel:
The stock has been trading within a well-defined ascending channel since early 2016.
Support: The lower channel line has provided consistent support, marked by multiple bounces.
Resistance: The upper channel line acts as resistance, tested multiple times.
Recent Price Action:
The stock recently bounced off the lower channel support around 120 INR and is showing signs of upward movement.
This bounce indicates a potential continuation towards the mid-channel and upper-channel resistance levels.
RSI Analysis:
The Relative Strength Index (RSI) is currently at 57.59, indicating bullish momentum.
The RSI has been trending upwards, suggesting increasing buying pressure and potential for further gains.
Disclosure: Invested at 149
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
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CAMS standing on a strong demand zoneCAMS has been in a downtrend from end of 2021. We can see on the chart that the stock is consolidating near a strong support of 2000 level.
RSI is forming higher lows which indicate strength of buyers at this level.
It looks attractive at CMP for a positional long trade for minimum target of 2300.However, a weekly closing below 2000 levels will have a sharp fall upto 1750 levels which is a major risk.
Kindly consider this idea for educational purposes and trade as per your own analysis.
The great potential stock detected.Yes, The great potential stock detected which is SUNTV.
The RSI > 60 also 3 white soldires and cup and handle pattern are detected.
So Based on cup and handle pattern Target will be 1145.
Note: this is not a stock recommandation for buy or sell. this post for learning purpose only.
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.
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.
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.
DLFPrice was falling for few days and now it is trying to consolidate and move up. Price has formed a wedge pattern.
Buy above 822 with the stop loss of 816 for the targets 828, 836, 842 and 848.
Sell below 808 with the stop loss of 814 for the targets 802, 796, 790 and 782.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Mighty Nifty - July 1Price was moving up with steady strength for few days and now it is at the important zone 24000.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 24020.
Stop Loss : 23980.
Targets : 24060, 24100, 24160 and 24200.
Sell below : 23920.
Stop Loss : 23960.
Targets : 23880, 23840, 23800 and 23760.
Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Long Term view on #RTNINDIAThe analysis is for Long term where in it is showing potentials of reaching triple digit in coming years. (5,10,15)
### Price Movements:
1. **Current Price and Trend:**
- The current price is \(84.41\) INR, up by \(11.56\) INR (+15.87%).
- The stock is in a strong upward trend, as evidenced by the ascending price channel.
2. **Price Channel:**
- The price is moving within an upward channel. This channel indicates a long-term bullish trend.
- The top of the channel projects potential future highs, while the bottom of the channel provides support levels.
- The target is taken on the basis of the flag pattern
### Indicators:
1. **Volume:**
- The volume is significant at \(168.569M\), indicating high trading activity.
- An increased volume during upward movements often confirms the strength of the trend.
2. **MACD (Moving Average Convergence Divergence):**
- The MACD line (blue) is above the signal line (orange), indicating bullish momentum.
- The histogram is positive, reinforcing the bullish sentiment.
- The MACD values are \(1.55\) (MACD line) and \(11.39\) (signal line), which suggests strong bullish momentum.
### Key Observations:
1. **Historical Performance:**
- The stock has shown significant growth over the past few years, particularly since early 2020.
- A major price surge can be seen around mid-2021.
2. **Support and Resistance:**
- Immediate support is around the \(50\) INR level, which is a previous consolidation area.
- Resistance levels can be projected using the upper boundary of the ascending channel, around the \(120\) INR mark in the near term.
3. **Price Projection:**
- The chart indicates a projected move to \(938.54\) INR, which is a very optimistic target (+1292.46%). This projection aligns with the upper boundary of the long-term price channel.
### Conclusion:
The technical indicators and the price channel suggest a continued bullish trend for RattanIndia Enterprises Limited. However, given the significant rise, it is essential to monitor for any signs of overbought conditions and potential pullbacks. The strong volume and positive momentum indicators support the potential for further growth, but investors should remain cautious and consider setting stop-loss orders to protect against sudden market reversals.
Bitcoin Poised for $94K: High Bullish Momentum AheadBitcoin is currently forming an ascending pattern, signaling a potential bullish market. Additionally, the RSI has formed a bullish divergence, and the decreasing selling volume supports this outlook. If the breakout occurs successfully, we could see Bitcoin reach $94,000.
#Bitcoin #Crypto #BullMarket #BTC #RSI #CryptoTrading #TechnicalAnalysis #CryptoBullRun