Date : 17-May-2024 Rating : Buy - Positional Trade LTP : Rs. 248.2 Targets: (1) Rs. 255 --> (2) Rs. 275 ++ SL : Rs. 221 on daily close basis Technical View: • NSE:BEL is in its primary uptrend and also going through it's secondary uptrend. • Within the current secondary uptrend, NSE:BEL has retraced 9% from top and again started the upward journey...
Nifty likely to head higher. 22800 could be tested. And if that breaks, we have 23000+ levels coming. Today NIFTY bounced above the high of the compression zone and formed a bullish candle with High High and High Low on daily. Weekly candle bullish piercing the STMA band. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Bank is seen taking steps to reduce its employee cost and in chart pattern is indicating bullish pattern and price taking support with big range indicating bigger move on upside any time based on accumulation
Polycab leader of cables. Custom index created among Kei, Polycab, RRKables, Fincables.
Axis Bank has taken some support and moving up now. more upside is possible. Many are saying Axis is undervalued or cheap after citi bank india merging with Axis. This is good value buying and bullish now.
Floki Announces Massive 15.24 Billion Token Burn: What’s Next? The Floki DAO has overwhelmingly approved a token burn, with a staggering 99.84% consensus to incinerate 15.246 billion tokens within the week. According to market analysts, FLOKI crypto is poised for a potential uptrend, signaling the onset of a new bullish phase. The Floki crypto is experiencing a...
According to the chart structure the trend is negative. Today we have an inverted Hammer type candle, the price is rejected from the resistance zone. Personally I am waiting for a short trade the reason is that on the bigger time frames the correction is pending. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
💎 Paradisers, #ICP has broken out of a descending channel and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move. 💎 The candle has closed above the resistance level, but I am expecting a slight retracement to trap buyers. We can then anticipate a bullish movement from the Fair Value Gap (FVG) zone. Be cautious here and look...
ICICI has done very good re test and consolidation and moving up strong with good value buying and indicating good bullish trend and 1170 could be easy in few days.
Short Trade Entered : Buy - GRANULES 30 May 2024 395.0 PE @ 11.15 Qty-2000 1. Today's breakdown candle confirms the break of structure. 2. The Downside range of 8 to 9% is now opened. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Many times I do paper trades when the probability of a positive trade is less than 50%.
Date : 17-May-2024 Rating : Buy - Positional Trade LTP : Rs. 2,756.65 Targets: Rs. 3,228 ++ SL : Rs. 2,525 on daily close basis Technical View: • After touching the high of 2,484.70 on 8-Sep-2023 during it's previous uptrend, NSE:MAZDOCK is moving in sideways since Sep-2023 between 2,525 and 1,742 levels as indicated by dark orange lines in above...
Natural Gas has just finished its major bear correction ( ABC) after a major bull cycle (12345) as depicted on the chart. Most of the Fibonacci projection & retracement are holding true as per the rules (will publish it separately as a learning material). Also, after the ABC correction, there is sharp rise in the price. How do we plan an entry now? The price...
#Silver has given multi week consolidation breakout on MCX, there is high probability of it going toward that much awaited 6 digits mark very soon. The breakout also looks very health as it has consolidated well enough for quite some time near ATH resistance. RSI has also broken out of a particular triangle pattern and indicating a RSI range shift, which...
Concall Polycab...3K Cr Capex over 3Y. A bit towards backward integration(improves efficiency) & FMEG segment Seen 30-40% volume growth in Q4 & last year. Industry at 22% growth No material impact in pricing pressure despite rise in commodities(copper & Aluminium) pricing. Mgmt seems to have witnessed this G8 demand in Infrastructure, Power, Renewable...
Stocks is given breakout and closing abv the resistance ine good for long only for educational purpose not for recomdation.
S&P making new ATH and well above the previous tops now were will this rally stop or take correction? 5530 to 5600 could be the possible area for bulls to book profit
2500 within 10th Aug -- 11th Oct Disclaimer : It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
#ABB trading above Resistance of 7309 Next Resistance is at 9169 Support is at 5888 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational...