Wockhardt is breakout from flag pattern and moving towards a target of 800+, ~60%upside. Other factors: 1. Volumes have again started picking up 2. RSI is above 60 on a daily basis 3. MACD is becoming positive 4. Dec quarter results are shows sign of getting better - Revenue has increased and loss has reduced "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!
A Retest in the stock market refers to a situation where a stock or market index approaches a significant technical level (support or resistance) that it has previously touched, and traders and investors are watching to see whether it will break through that level or bounce off it. This is a key moment because it can signal a potential change in the stock's direction.
Indo Count: -One simple horizontal line setup (80 days consolidation after good move) -Signal Candle (white dot candle when 5%+ move and Vol: 1m+) suggesting institution vol kickin in -tightness after signal candle -Good shakeout (when price go below major ema (here 100 ema) and rally up, kicking out weak players), check what it did last it udercuts) But right...
BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level....
BBTC Bombay Burmah stock is getting ready to break the channel after 2017. If the above price holds then a target like 3125/4670 can be seen in short to medium time. Stock volume is also doing very well. 74% promoters and 10% FIIs have maintained their positions. BBTC
Nifty will be gap up opening in today's session. After opening nifty sustain above 24030 level and then possible upside rally up to 24150 level in today's session. in case nifty trades below 23980 level then the downside target can go up to the 23860 level.
BankNifty closed negative for the second consecutive day, losing 469 points on Friday. Despite this, the weekly and daily trends (50 SMA) remain positive, suggesting a potential bounce back from lower demand zones. Support Levels: Near Support/Demand Zone (75m) for Weekly Trade: 52,015 - 52,189 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance...
Nifty made a new all-time high of 24,174 on Friday but closed 34 points negative due to profit booking. The weekly and daily trends (50 SMA) remain positive. However, the supporting trendline on the 15-minute chart (mentioned in the last post) was broken in the last 30 minutes of trading, indicating potential selling pressure at higher levels in the coming...
Dr. Reddy's Laboratories Ltd. is an interesting stock to keep on radar 1. RSI on all time frames above 60 2. High Trade and Delivery Quantity during week 3. Increasing relative Strength - Bench Mark index 4. Increasing relative Strength - Sectoral index 5. 20 SMA Crossing 50 SMA from below recently 6. Stock outperforming sectoral index both 1 week and 3...
NSE:ULTRACEMCO purchased all of Radhakishan Damani's stake in the co and may move for larger stake in the entity. NSE:INDIACEM is one of the largest cement players in Southern India and had been in interest of many due to low promoter holding. This might be another attempt for hostile takeover of the company but one thing is for sure Srinivasan family will not...
Price Analysis & Overview: 1. Good BO candle formation - showing strong buying dominance. 2. Exceptional volumes. 3. Great earnings. 4. RRR is favourable Trade Plan: 1. Aggressive entry can be planned at CMP (1100) or wait for safe entry on pullback. 2. SL : 10% 3. TP = 1:2,1:3,1:4,1:5 - Stay tuned for further insights, updates and trade safely! - These are my...
Hi All, This idea is about Dr Reddys Lab Fundamentals Mkt Cap - 106810 Cr Stock PE - 19.2 ROE - 21% ROCE - 27% Mkt Cap/Sales - 3.8 OPM - 28% Technicals Price was pushed back to follow the rising wedge pattern & if it sustains above the marked (white line) resistance, can further show an upside of 8-10% to reach the upper channel of rising wedge Happy...
Price Analysis & Overview: 1. Double bottom on monthly. 2. Volumes on BO is not really great. 3. If the price sustains at higher levels, I will plan an entry. 4. RRR is favourable. Potenial is huge! 5. Earnings are strong. Monthly TF view: - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis,...
Pole flag formation with confirmed breakout however Breakout retest is pending
Price Analysis & Overview: 1. Prices are in uptrend. Forming HH-HL. 2. 1500 can be an immediate hurdle. 3. RRR is okay, but there might be chances for a better entry price than CMP on a pullback. 4. Good volume strength. 5. Expecting ATH breakout. Trade Plan: 1. ENTRY = CMP (1430) 2. SL = 10 % (1300) 3. TARGET = 1:2,1:3,1:4 - Stay tuned for further insights,...
Good volume buildup in daily and weekly timeframe. Cup and handle [pattern breakout with good volume. Highest volume buildup in the last one year. NOTE: I do my analysis, do yours before trade.
ADSL is in data centre theme with a market cap of 1000 cr. It is available at a very good valuation .P/E of 22 as compared to industrt P/E of 34. On chart it has given breakout for cup pattern. short term target is 250 . After crossing 250 on weekly basis it can test it 14 year high of 280 once it is crossed it can easily go to 475 - 500. This is not a...
Buy Hathway Cable Above 24 SL 20 (4Rs) Target 1: 28 Target 2: 32 Target 3: 36 Duration 6month to 1 year Trade as per your risk rewards