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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Oscillators
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 ✨
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
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.
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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.
COAL INDIA: Higher Highs expected if MACD buy crossover happensTechnical Analysis Report: Coal India - Week of January 23, 2024
📊 Overview
Stock Name: NSE:COALINDIA
📈 Technical Indicators Analysis
Parabolic SAR (Stop and Reverse):
🟢 Buy Signal Detected at ₹367.75
🚀 Indicates potential upward price movement
EMA (Exponential Moving Average) & MA (Moving Average) Crossover:
🔄 Crossover Event nearing and then diverging
📊 Suggests a strengthening bullish trend
MACD (Moving Average Convergence Divergence) - 12, 26, 9:
📉 MACD Value: 8.03
📈 Signal Value: 8.75
🟡 Crossover Pending: Indicator yet to confirm the trend
Stochastics RSI (Relative Strength Index):
🎢 K Value: 42.78
🎡 D Value: 17.41
🔄 Recent Crossover below lower level, indicating past corrections
💹 Market Statistics
Price/Earnings (P/E) Ratio: 8.42
👍 Indicates a potentially undervalued stock
Beta: 0.61
📉 Suggests lower volatility compared to the market
Dividend Payout Ratio: 53.26%
Dividend Yield: 6.14%
💸 Indicates a solid dividend return
🎯 Target and 🛑 Stop Loss
Stop Loss: ₹362.35
📌 Set at Fibonacci 0.5 level
Target Price: ₹410
🏹 Based on current momentum and indicators
⚠️ Precautions
🌪️ Volatility Alert: High price levels may lead to increased volatility.
🔄 Consolidation Phase: Short-term consolidation possible before further movement.
🧐 Investor Caution: Monitor for changes in market conditions.
📝 Disclaimer
🚫 This analysis is for informational purposes only and should not be construed as investment advice.
⚖️ Investing in stocks involves risks, including the loss of capital.
💡 Investors are advised to conduct their own research or consult with a financial advisor.
#CoalIndiaAnalysis #TechnicalAnalysis #StockMarket #Investing #finogent #MarketTrends #FinancialInsights
HINDOILEXP: opportunity for steep rise.🔍 Technical Analysis Update for NSE:HINDOILEXP - Week Starting January 23, 2024
📊 Current Status: The stock closed at a high of ₹186.85 on the last trading day. It has been range-bound since August 2023 but recently breached a six-month high before closing just below it.
📈 Entry Point: Consider entering the trade if the price crosses and sustains above ₹189.80 in the next day or two. This could signal the start of a bullish trend.
🎯 Target: The first target is set at ₹196.40.
🛑 Stop Loss: A key stop loss point is at ₹172.85, aligning with a critical Fibonacci level of 0.5 at ₹172.75. This acts as a strong support level.
💹 Key Indicators:
Volume: Increasing volume supports the potential bullish trend.
Percentage R: Positioned at the upper band, indicating bullishness.
Stochastic RSI: A buying crossover has occurred in an oversold situation, further supporting bullish prospects.
🚦 Overall Outlook: The stock is showing signs of breaking out of its long-term range with increasing volume and positive technical indicators. Monitoring the stock's ability to maintain above ₹189.80 will be crucial for confirming the bullish trend.
⚠️ Disclaimer: This analysis is for informational purposes only and is not financial advice. Investors should conduct their own research and consult a financial advisor before making any investment decisions .
🔖 #HindustanOilExploration #StockAnalysis #BullishTrends #TradingStrategy #StockMarket #InvestmentTips
🌟 Stay informed and trade wisely! 🌟
Trade Smart in Turbulent Times in SyngeneNSE:SYNGENE , a leading global discovery, development and manufacturing organization catering to the pharmaceutical and biotech industries, is under the spotlight for this week's technical analysis.
Entry Logic 🎯:
The stock has recently crossed its 50-day moving average (MA) of INR 799, additionally breaching the Fibonacci retracement level of 0.382 at INR 810 . These factors, combined with potential bullish crossovers in Exponential Moving Average Divergence (EMD) and Moving Average Convergence Divergence ( MACD) (12,26,9), lay down a fertile ground for upward movement. The ideal entry point would be upon a strong opening above I NR 810.2 or INR 811.60 (0.5 Fibonacci level).
Target Levels 🎯:
Target 1: INR 823.45
Target 2: INR 843.70
These targets are set based on historical resistance zones and projected upward momentum.
Exit Logic 🚪:
An exit should be considered if momentum drops or reverses before reaching the target levels, or upon hitting the targeted price points for desired profits.
Stop Loss ⚠️:
A stringent stop loss is advised at INR 786. This is a slightly aggressive level aimed at limiting losses should the market sentiment change abruptly.
Technical Indicators 📊:
MACD: Awaiting a bullish crossover to substantiate entry.
Stochastics: Recent crossover observed, bullish sign.
RSI: Also in bullish crossover territory.
%R: Currently in oversell territory - positive.
Fisher 9: Indicating strong buy signal.
Market Sentiment 🌐:
With the broader Indian market expected to exhibit volatility in the forthcoming week, caution is advisable. The high PE ratio of 64.44 and a modest EPS of 12.06 underscore a relatively high valuation, with a low payout ratio of 4.16.
Recommendation 📝:
Syngene International presents a potentially lucrative short-term swing trading opportunity for aggressive traders. The anticipated bullish momentum, if actualized, could render fruitful returns; albeit the inherent market risks necessitate a robust exit strategy and a firm stop loss.
Disclosures and Disclaimers 📢:
This analysis is for informational purposes only and not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The report is based on historical data and prevailing market conditions; the future may unfold differently. All investors are advised to conduct their independent research or consult a financial advisor before making any investment decisions.
Risky Double Digit - CENTRUM📊 Script: CENTRUM
📊 Sector: Finance
📊 Industry: Finance & Investments
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Volume is increasing along with price which indicates volume breakout.
📈 Right now RSI is around 68.
📈 One can go for Positional Trade.
⏱️ C.M.P 📑💰- 37.65
🟢 Target 🎯🏆 - 45
⚠️ Stoploss ☠️🚫 - 35
⚠️ 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!🥂
TEGA: Prior to earnings rally expected📊 NSE:TEGA Technical Analysis - February 5, 2024 📈
Market Overview: 🌐
TEGA Industries, a leader in distribution services and wholesale distributors, has shown significant technical indicators suggesting a bullish 🐂 trend in the National Stock Exchange as of the latest analysis on February 4, 2024.
The last trading price stood at 1186.00 💵.
Technical Indicators: 🛠
EMA & MACD: The Exponential Moving Average and Moving Average Convergence Divergence indicated a buying territory as of February 1, 2024, with a crossover. 📉➡️📈
Parabolic SAR: Continues to indicate a bullish trend. 📈
Fibonacci Levels: Price gained strength from the 0.5 level at 1142.15, closing slightly below the 0.786 level at 1189. 📏
RSI & %R: The Relative Strength Index is in the positive trend, upper band, indicating bullish momentum. 💪
Fisher Transform: Indicates positive territory, supporting the bullish outlook. 📊
Entry & Stop Loss Levels: 🎯
Aggressive Investors: Entry at 1194.70 with a stop loss at the Fibonacci 0.382 level, 1120.70. 🚀🛑
Conservative Investors: Entry at 1224.40 (PO level one) with a stop loss at the Fibonacci 0.5 level, 1142. 🏦🛑
Target Price: 1247.90. 🏦🛑
Market Outlook: 🌤
The broader market positivity supports an uptick for TEGA Industries. The target price, while not explicitly clear, is anticipated to be around 1250 (Target 1) based on current momentum and technical indicators. 🎯📈
Disclaimer: ⚠️
This analysis is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult a financial advisor before making investment decisions. Market conditions are subject to change without notice.
#TEGAIndustries #TechnicalAnalysis #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
buy ismtltdBuy ISMTLTD,
Stock made high and consolidating.,.,
buy in parts with proper SL.
Good to hold for Swing Trade
BSE: TREND REVERSAL TO BULLISH DIRECTION TO STRENGTHEN📊 Bombay Stock Exchange (BSE) - Technical Analysis - 02/02/2024
Current Status:
Closing Price: 2,493.45 📈
Gain: 7.31% ✅
Fibonacci Level: Above 0.786 🌀
Recent Trend:
Reversed Downward Trend ↗️
Above 50-day Moving Average 📈
Increasing Volume 📶
Technical Indicators:
MACD: Crossover on 31/01/2024 🔄
Static RSI: Bullish Crossover on 29/01/2024 🐂
Stochastic RSI: Upper Band Strength 💪
Fisher 9: Buy Crossover, Middle Segment 🛒📊
Trading Strategy:
Entry Point: 2,512.35 🚪
Target 1: 2,595.75 (Key Fibonacci Level) 🎯
Stop Loss: 2,287.80 🔴
Conclusion:
Considering the bullish indicators, the stock shows potential for short-term gains. Suitable for traders looking for momentum-based opportunities. 🌪️📈
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:
#BSE #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
🚀 Don't Miss Out: Safari Industries Hits Bullish Breakout! 📈 #📊 Safari Industries Technical Analysis
📅 Date: 31st January 2024
🔵 Closing Price: ₹2031.90 (↑ 4.6%)
🎯 Technical Indicators:
Fibonacci Level: Closed above critical level (0.5) at ₹2025.75.
50-Day Moving Average: Surpassed 50-DMA at ₹2030.33.
EMA & MA Crossover: Bullish signal with the red line crossing above the yellow line.
Parabolic SAR: Two days of positive signals indicating a bullish direction.
MACD: Positive crossover noted on 18th January 2024.
RSI & %R: Positive crossover on 29th January 2024; trading high.
Fisher Transform: At the upper band, indicating bullish sentiment.
🎲 Market Outlook:
Short-term bullish trend expected if market opens positively on 1st February 2024.
🎯 Targets & Entry Point:
Entry Point: If market opens above ₹2031.90.
Target 1: ₹2072.8 (Fibonacci 0.64 level).
Target 2: ₹2138.45 (Fibonacci 0.786 level).
🛑 Stop Loss: For conservative traders: ₹1881 or ₹1886.25.
🔔 Disclaimers & Disclosures:
This analysis is based on historical data and does not guarantee future performance.
Investors should conduct their own research or consult a financial advisor before making investment decisions. This content is for informational purposes only and should not be construed as financial advice.
#SafariIndustries #StockAnalysis #TechnicalAnalysis #NSE #Investing #TradingStrategy #BullishTrend #FibonacciLevels #StockMarket
HINDCOPPER: 🔍 Technical Analysis Update for NSE:HINDCOPPER - Week Starting January 23, 2024
📈 Entry Point: Consider entering the trade if the price crosses ₹275.40.
🎯 Target: Aim for a first target at ₹289.45.
🛑 Stop Loss: Set your stop loss at ₹230.60 to manage risk.
💹 Indicators Summary:
Parabolic SAR: Buy signal initiated around ₹245.00.
EMA & MA Crossover: Bullish signal at ₹264.05.
MACD: Awaiting crossover; signal at 18.42, MACD at 14.69.
Stochastic RSI: Buy signal present; K at 14.90, D at 8.78.
%R: Neutral at 43, indicating potential upward movement.
Fisher Transform: Bullish signal at the lower band; Fisher value at 0.72.
🚦 Overall Outlook: The market indicators suggest a cautiously optimistic trend towards bullishness, with key signals aligning for a potential upward movement. Monitoring the MACD crossover and %R values will be crucial in the coming days.
⚠️ Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
#HindustanCopper #TechnicalAnalysis #StockMarket #Investing #TradingStrategy #FinancialMarkets
🌟 Stay updated and invest wisely! 🌟