Buy Above TrendlineFollow the process not Money
The Trend is the Best Friend
Plan the trade and Trade the Plan
Stoploss % are given below the low lines..
Oscillators
CPRX Long TradeFirst time trading this strategy on Stocks. Price recently reached the bottom of a Channel. I spotted a possible Hidden Divergence on the MACD. Price also recently rejected off the LuxAlgo False Breakout Zone (Highlighted Blue). 3 signs of a possible reversal, Momentum is also headed upward on the MACD. Stop Loss is set at 13.10. I plan on holding this until it reaches the top of the channel.
CHANNEL BREAKOUT IN INDIANB (INDIAN BANK)INDIAN BANK has got a strong channel breakout with heavy Volumes and RSI. Stock is also favourable as per technical analysis, Bollinger Bands, and other tools.
Deepak Nitrate Cmp 2357 Trendline BODeepak Nitrate Cmp 2357 dated 20-2-2024
1. Trendline BO @ 2370
2. RSI already done BO
Buy above 2370 target 2400-2420-2450-2485-2500-2520 SL 2270
It is just a view, please trade at your own risk.
MACD Crossover - SUNTECK📊 Script: SUNTECK
📊 Sector: Realty
📊 Industry: Construction
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 61.
📈 There is Formation of Symmetrical Triangle breakout soon.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 483
🟢 Target 🎯🏆 - 532
⚠️ Stoploss ☠️🚫 - 462
⚠️ Important: Always maintain your Risk & Reward Ratio.
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NIFTY DAILY - 20/2/2024The bulls successfully stretch their arms for yet another session and 6th winning strike of them.
Nifty50 has made another All Time High that is 22215.
Index has formed green body candle with upper and lower shadow.
Currently RSI is 63.
Nifty find nearest resistance 22381 level and nearest support lies around 21961 level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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EUR/AUD SHORT I waited patiently for Price to Reach the Top of the Trend Line Channel. Once it reached the top i realized the Highs on the MACD were higher than the Last Swing High (Hidden Divergence). Momentum started pushing towards the Down Side. I placed a Sell Stop at 1.65074 and set the Stop Loss at the bottom of the last Demand Zone.
Nas100 Short TradeNasdaq has been Diverging on the Daily MACD since January 26th. Momentum is finally signaling towards the down side. Failing to make Higher Highs on the 4 Hour Time Frame, rejecting perfectly off of the upper Trend Line. Confirming that there is a Trend Change coming. Stop Loss placed above the Trend Line at 18092.26.
NZD/USD Long TradeMACD Diverged at 0.59811 signaling a reversal. Price Rejected off of the Trendline after it failed to break lows. MACD gave upward Momentum signal once Price hit the Trendline. Confirming the reversal. Stop Loss at the last Swing Low 0.60420
Dilip Buildcon Ltd forms Bottom Triangle/Wedge + Divergence
A Bottom Triangle/wedge shows two converging trendlines as prices reach lower highs and higher lows.
The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
There is divergence seen Price vs RSI and Price Vs MACD .
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
NEO: Bullish Momentum Building with W Pattern Breakout💎 NEO has broken out of a descending channel and formed a W pattern in the demand zone, coinciding with the bullish Order Block (OB) area. Additionally, the MACD indicator is showing bullish divergence, enhancing the likelihood of a bullish reversal from this point.
💎In the event that NEOUSDT undergoes a pullback and demonstrates bullish candlestick patterns within the bullish OB and demand area, this would present an excellent buying opportunity. Alternatively, if the price directly breaks out above the resistance zone, it would confirm a bullish market structure, and we can anticipate further upward movement.
💎However, if the price breaks below all of our identified demand areas, it would be prudent to refrain from trading NEO in that situation, as it may indicate a weakening bullish sentiment.
💎Traders should carefully monitor NEO's price action and key support and resistance levels to make informed trading decisions.
IDFC LTD DAILY 200 EMAIDFC LTD is receiving very good support on daily EMA, also the monthly RSI looks positive. It also forms a good cup in a weekly/ monthly time frame, that is what the green line suggests at around 118.0 which might work as good support.
NIFTY DAILY - 14/2/2024Indian index opens with gap down with huge selling pressure due to bad inflation data from US and bears took nifty to the low of the day that is 21530.
Afterwards bulls took the charge and started filling the gap and made high of the day that is 21870.
Index has formed large green candle with upper and lower shadows.
Index has taken support at 50 level on RSI.
21912 will work as resistance level & 21632 will work as support level.
⚠️ 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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GRAPHITE INDIA: SHORT TERM BULL RUN EXPECTED📊 Graphite India - Technical Analysis - 02/02/2024
Current Status:
Closing Price: 562.10 📈
Fibonacci Level: 0.786 🌀
Yesterday's Trend:
Opening Price: Fibonacci Level 0.5 🌀
Movement: Upward to 0.786 📈
Signal: Parabolic SAR - Buy 🛒
Key Points:
Entry Point: 567.95 🚪
Resistance Level: If trades above 567.95 🛑
Target 1: 576.20 or 575.95 🎯
Stop Loss: 536.60 🔴 / KEY FIBONACCI LEVELS
Recent Trends:
Crossed 50-day MA on 30/01/2024 📈
Short-term Bull Run 🐂
Increasing Volume 📶
Indicators:
Static RSI: Middle Range ↔️
MACD: Expecting Crossover 🔄
Stochastic RSI: Upper Band Strength 💪
Fisher 9: Bullish Trend 📈
Conclusion:
Recommended for short-term entry in the current volatile market 🌪️📊
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:
#GraphiteIndia #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
PSP PROJECTS: Trend reversal into buy territory in offing📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧
Company Overview: 🏗
PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private and public sectors, showcasing versatility and efficiency in its operations.
Market Performance: 📉➡️📈
After a recent fall, PSP Projects showcased a commendable recovery, jumping 1.53% on February 2, 2024, closing at approximately 766.50, above the 0.5 Fibonacci level. This significant bounce could indicate a potential trend reversal and sustained buying interest.
Technical Indicators: 🛠
Fibonacci Levels: Closed above the 0.5 level at 766.50, hinting at a trend reversal.
Moving Averages: Successfully crossed over both the 50-day and 200-day moving averages on February 2, 2024, signaling a notable turnaround.
EMA & MACD: Entered positive territory, indicating bullish momentum.
Parabolic SAR: Emitting a buy signal.
MACD: In the buy territory with MC at 0.88 and signal at -1.45, histogram at 2.33.
RSI: At 75.87, above the upper band and showing bullish momentum.
%R: Trending upward, indicating strength.
Fisher Transform: Indicates a buying crossover, showing strong support for the upcoming days.
Entry Levels: 🎯
Aggressive Investors: Entry at 772.00. First target at 784.05, with a second target of 789.10.
Conservative Investors: Consider entering at 776.00.
Target and Stop Loss Levels: 🎯
Target 1: 784.05. 🎯
Target 2: 901.35. 🎯
Target 3: 817.50. 🎯
Stop Loss: 756.15.
Market Outlook: 🌤
PSP Projects' recent performance, coupled with positive technical indicators, suggests a promising outlook. If the broader market opens positively in the week starting February 5, 2024, and PSP Projects follows suit, it could mark the beginning of a long-term bullish trend, provided macro and micro factors remain favorable.
Caution: ⚠️
Given the stock's history of volatile swings, a strong trade above 776 is crucial for confirming its bullish potential.
Disclaimer: ⚠️
This analysis is for informational purposes only and is not financial advice. Investors should perform their own research or consult a financial advisor before making investment decisions. Market conditions can change rapidly.
#PSPProjects #TechnicalAnalysis #ConstructionSector #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
Dalmia Bharat Cmp 2127 Hammer Candle @ supportDalmia Bharat Cmp 2127 dated 9-2-2024
1. Hammer Candle @ support
2. RSI reversal from support
Buy above 2140 target 2180-2225-2250-2275-2300 SL 2070
It is just a view, please trade at your own risk.
NIFTY DAILY - 9/2/2024Bears loose its winning streak in the market.
Nifty open with negative note and witnessed heavy selling, during the day. one point of time nifty registered low of 21629.
But after making low nifty recovered and formed a big green candle with long lower shadow and upper shadow on daily chart which indicate bulls are back in the game and they are buying from lower end.
Candle is at middle band of BB indicator.
Index may reverse from here if nifty crosses 21912 hurdle level and 21632 will work as support level.
⚠️ 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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MOLDTE'CH: Short term bullish trend reversal ahead of earnings r📊 NSE:MOLDTECH Technical Analysis - February 2, 2024 🏭
Company Overview: 🔍
Mould Tech Technologies specializes in providing comprehensive engineering solutions, including structural engineering, mechanical engineering, and IT services. The company's expertise in delivering high-quality services positions it as a key player in the engineering sector.
Recent Market Performance: 📈
On the last trading day, February 2, 2024, Mould Tech experienced a significant price jump of approximately 2.8%, closing at 277.00. This move has brought the stock close to the 0.382 Fibonacci level, a critical point indicating potential upward momentum.
Technical Indicators: 🛠
Fibonacci Levels: The stock is nearing the 0.382 level, hinting at a bullish momentum.
Moving Averages: Crossed over the 50-day moving average from bottom to top, currently at 272.46, while the 200-day moving average stands at 300.96. This crossover suggests a potential short bull run.
Parabolic SAR: Issued a buy signal on February 2, 2024, indicating the start of a bullish phase.
MACD: Showcases a buying crossover, with MACD at -1.02 and the signal at -1.45, supporting the buying trend.
RSI: Trending upwards in the mid-range, indicating a positive buying wave with a K value of 68.52 and a D value of 58.37.
%R: Positioned in the mid-price band but trending upwards, suggesting growing strength.
Fisher Transform: At a value of 0.70 with a trigger at 0.18, indicating a trend but still in the middle of the band.
Market Outlook & Strategy: 🌟
With the broader market's support, Mould Tech is poised for an uptick, with a first target set at 287.00 (0.618 Fibonacci level) and a second target at 294.05 (0.00 Fibonacci level) . An aggressive stop-loss strategy is recommended at around 261.15, considering the stock's potential volatility ahead of its earnings report on February 9, 2024.
Entry & Exit Points: 🎯
Entry Point: Positive opening on February 5, 2024, may signal a buying opportunity, especially if EMA and MA crossovers occur.
Target 1: 287.00. 🎯
Target 2: 294.05. 🎯
Stop Loss: 261.15, to protect against unexpected downturns.
Considerations: ⚠️
Investors should monitor the stock's performance closely, especially with the upcoming earnings report. The stock's past volatility requires a cautious approach, despite the bullish indicators.
Disclaimer: ⚠️
This analysis is for informational purposes only and not financial advice. Market conditions are subject to change, and investors should conduct their own research or consult a financial advisor.
#MouldTech #TechnicalAnalysis #EngineeringSolutions #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
GSPL: One more BUY push if everything goes good.NSE:GSPL (Gujarat State P Limited) Technical Analysis: A Week Starting January 23, 2024,
Prognosis - Emphasizing Key Indicators for Short-Term Bull Run"
📊 Overview
Stock: GSPL (Gujarat State Petronet Limited)
Analysis Period: Week starting January 23, 2024
Current Scenario: Bullish Indications Emerging
📈 Technical Indicators Analysis
Parabolic SAR:
🟢 Buy Signal: Detected at ₹306.70
📉 Last Closing: Around ₹344.80
EMA & MA Crossover:
✅ Buy Crossover: Confirmed at ₹322.69
MACD Analysis:
📈 MACD Value: 8.08 nearing 8.30 signal
🌈 Histogram: 0.21 indicating bullish momentum
Stochastics RSI:
📊 K Value: 31.61
📈 D Value: 16.07
🔝 Indicates oversold situation & buying trend
🚀 Percentage R: 22.64 nearing upper band, suggesting strength
Fisher Transform:
🐟 Fisher Value: 0.51
🎯 Trigger Value: 0.98
✅ Indicates a buying crossover
🎯 Price Targets
Target 1: ₹359.75
Target 2: ₹379.00
Long-Term Target: ₹414.50 (Near all-time high)
🛑 Stop Loss and Support Levels
Crucial Support: ₹304.00 (0.5 Fibonacci Level)
Exit Price: ₹295.60 (0.618 Fibonacci Level)
⚠️ Precautions
📰 Market Sensitivity: Stay alert to news in the petroleum sector.
🌐 Broader Market Influence: A positive market trend is crucial.
📉 Risk of Volatility: Be prepared for market fluctuations.
📝 Disclaimer
🚫 This analysis is for informational purposes only and not investment advice.
⚠️ Investing involves risks, including the possibility of loss.
🧐 Investors should perform their own due diligence.
#GSPLAnalysis #TechnicalAnalysis #StockMarketTrends #BullishOutlook #InvestmentInsights #MarketAnalysis #FinancialForecasting
ICICIGI Strong BuyICICIGI is a strong contender.
after making Higher high, Stock is consolidating. supported by Divergence at this levels shows Signs of Trend Continuation.
Kindly maintain Stoploss and Execute your Trades.
Aarti Industries Strong Buy Short termAartiind, Trend reversal happened and moving High as per previous update.
at the moment, made weak hands shake out, took SL and Moving Up again.
Upside targets are very much Intact.
Follow your own analysis before taking any trade.
Higher High Higher Lows - VARDHMAN ACRYLICS📊 Script: VARDHACRLC
📊 Sector: Textiles
📊 Industry: Textiles - Manmade
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 67.
📈 Script is making Higher High Higher Lows as shown in chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 72
🟢 Target 🎯🏆 - 80
⚠️ Stoploss ☠️🚫 - 68
⚠️ 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!🥂
NIFTY DAILY - 7/2/2024Indian indices open with a gap up but Bear capture the Indian Indices and took the index to low of the day that is 21860.
Formed bearish candle with upper and long lower shadow that indicates bears were aggressive thought the session.
Double Moving Averages is giving crossover as shown in chart.
Nifty can find nearest support at 21893 and 22124 will be work as its resistance level.
