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.
Oscillators
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.
Aarti Inds Ltd Cmp 628 Reverse from supportAarti Inds Ltd Cmp 628 dated 16-5-2024
1. Reverse from support
2. RSI reversal
Buy above 630 target 635-650-675-710 SL 600
It is just a view, please trade at your own risk.
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.
IEXI'm not a SEBI registered analyst, Views are personal, not any buy or sell recommendations.
Today i found IEX ,which has given breakout in Weekly, Based on current price action movement in the IEX chart, I anticipate a short-term upswing. Please refer to the chart for a detailed analysis.
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
Short-Term Swing Trade:QBE:ASX Insurance Post-New Caledonia NewsTrading Idea: QBE Insurance (ASX)
Technical Analysis:
QBE Insurance, listed on the ASX, has experienced a price drop following recent news from New Caledonia. Despite this, the stock remains in an overall uptrend and exhibits strong fundamentals, making it a potential candidate for a mean reversion trade. Stock has generated Bullish candle stick pattern with RSI breaking out and rising
Entry:
Current Market Price (CMP): $17.75 to $18.00
Stop Loss:
Lower of previous candle: $17.40 to $17.42
Target:
If the price crosses the 9 EMA or reaches $18.45
Risk Reward:
Ratio: 1:2 to 1:2.5
Allocation:
Up to 5-6% of your capital
Type:
Short term swing trade (1-2 weeks)
Conclusion:
Given the recent price dip and the strong overall uptrend of QBE Insurance, this setup offers a favorable risk-reward ratio for a short-term swing trade. Consider entering within the specified range and manage risk with the defined stop loss and target levels.
"🚀 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
TOTAL2 LODING FOR 2 TRILLION WITH HUGE ALTSEASONTOTAL2 appears to be forming a head and shoulders pattern on the weekly timeframe, currently awaiting a retest for confirmation. Another indicator to watch is the RSI, where a clear trendline retest is anticipated. Once the RSI retests around the 50 mark, significant market movement could ensue, potentially leading to a surge of $2 trillion with a projected rise of 70%.
MUTHOOT FINANCE, Divergence is formed on the Daily ChartA strong Divergence has been formed on the Daily Chart.
The breakdown of 1733 will open the lower levels.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
RNDR Breakout: Triangle Pattern Leading to $20Render Token ( CRYPTOCAP:RNDR ) has formed a bullish ascending triangle pattern, a strong indicator of a potential upward breakout. Additionally, a bullish divergence has been identified, further reinforcing the likelihood of a positive price movement. RNDR is now bouncing from the trendline, showing strong buying interest and support at this level. These technical indicators suggest that RNDR could be heading towards a target of $20.
TITAN, Breakout of StructureThe price has given the breakout of the structure.
Also RSI is above 60, so the probability of an uptrend is very high.
The next Important Level is 3,838
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Natco Pharma Cmp 1082 Flag Pattern BO Natco Pharma Cmp 1082 dated 7-6-2024
1. Flag Pattern BO @ 1095
2. RSI BO
Buy above 1095 target 1115-1130-1150-1180-1200-1280 SL 1030
It is just a view, please trade at your own risk.
📊 Equitas Small Finance Bank Analysis - Week Starting 19th FebNSE:EQUITASBNK
Last Closing Price: 💵 107.20
50-Day Moving Average: 📈 Crossed Over @ 406.52 (Short Term Bull Run)
EMA & MA Crossover: 🔄 Pending @ 104.00 & 102.62 (Bullish Trend Re-establishment Expected)
Parabolic SAR: ✅ Bullish @ 99.00
Fibonacci Levels:
Closed Above 📏 0.382 @ 106.05
Next Target 🎯 Above 0.50 @ 108.05 (Strengthening Buy Signal)
MACD:
Signal Value: 📶 1.28
MACD Value: 📈 1.31
Stochastic RSI: 🔄 K58.67 ➡️ D32.73 (Bullish Crossover)
%R (Williams Percent Range): 📈 Upper Band @ 7.87
Fisher Transform: 🐟 Positive @ 1.42, Trigger @ 2.53 (Bullish)
🎯 Targets:
First Target: 🎯 110.15 (Fibonacci 0.618 Level)
Second Target: 🎯 112.95
🛑 Stop Loss: ⚠️ 99.60 (Fibonacci 0 Level)
⚠️ Disclaimer: This content is provided for informational purposes only. It is not intended as financial advice. Trading involves risks and is influenced by external market conditions. Conduct your research or consult a financial advisor.
#EquitasSmallFinanceBank #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
NIFTY DAILY - 10/6/2024Nifty opens with gap up and made All Time High which 23411 but didn’t sustain the upper level and made days that is 23227 level.
Nifty gave closing down by -30 points which is around -0.13%.
Index has formed a red body candle with long upper shadow which indicates participants were selling from higher level.
Currently RSI is trading at 58.
Nifty is not able to sustain above 23300 level so, further 23396 will work as resistance level with support of 23007 level.
Bank Nifty levels
Support – 49547
Resistance – 49974
Today’s Advance Decline ratio of NIFTY50
Advance - 27
Decline - 23
FII Buy + 2572.38 crores
DII Buy + 2764.64crores.
⚠️ 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.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Double Moving Average Crossover - UBL📊 Script: UBL
📊 Sector: Alcoholic Beverages
📊 Industry: Breweries & Distilleries
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 68.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 2035
🟢 Target 🎯🏆 - 2219
⚠️ Stoploss ☠️🚫 - 1950
⚠️ 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!🥂
Moving Averages + MACD Crossover - DEVYANI📊 Script: DEVYANI
📊 Sector: Quick Service Restaurant
📊 Industry: Hotels
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 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 170
🟢 Target 🎯🏆 - 191
⚠️ Stoploss ☠️🚫 - 160
⚠️ 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!🥂
Crossover - IGL📊 Script: IGL
📊 Sector: Gas Distribution
📊 Industry: Miscellaneous
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving Crossover.
📈 Right now RSI is around 63.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 472
🟢 Target 🎯🏆 - 508
⚠️ Stoploss ☠️🚫 - 458
⚠️ 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!🥂
Long Term Buy Opportunity - Kaveri SeedsKaveri Seeds looks like a good long term buy opportunity which is breaking out of a channel and is showing signs of starting a trending move
BUY TODAY Sell After a WEEK {#OPRA}I'm BULLISH on $OPRA. You can see there are hidden diversions on 1D chart pattern and You can also check StochRSI is very strong because of rate isn't that down but rsi comes down in graph. same with RSI. 2nd reason of bullish is Price close above 200 EMA & Giving Price Breakout Above 200 EMA
