Rashtriya chemical & Fertilizer analysis 20 may 24 Breakout near and retest near 125 keep stoploss 120 deeo stoploss 105 Target 165 - 188 - 210 breakout target 225
Bank Nifty remained volatile during the last week & closed on a positive note A Bullish candle is formed on weekly chart after big bearios candle in the prev week The imp upside hurdle is placed around 48400/500 whereas downside support is around 47200 zone in case of Bearish Pattern at higher levels, the index can come back to prev week range Track for...
Olectra has been trading with in a triangle pattern, taking strong support on 1600 zone. Likely to move upside and hit the all time high.
Breakout in gold, Can go long with RR 1:2.5 Follow for more.
This is the analysis of ENGINERSIN in Daily Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your...
Market remained in control of Bulls in the prev week Nifty closed above imp level of 22500 On Weekly TF it has formed a positive candle, If the Index holds the support of 22300, it may show recovery towards next hurdle of 22600/700 in coming sessions However in case of Bearish pattern at the upper level, it can come back to the last week range *For...
The RSI being in the overbought zone likely contributed to the price not reaching the target. Support on Trend Line: Despite not reaching the target, the price took support on a trend line. Trend lines are used to identify and confirm trends in price movements. If the price is taking support on a trend line, it suggests that the overall trend is still intact...
If Deepak Nitrite pulls back post result to anywhere from 2475 to 2445 and bounces intraday..it makes for an excellent buy on dip.. Last quarter was good but with several shutdowns in peer plants Q1 is shaping up well with price increased. The company has always benefited when freights have gone up and we currently are in that phase where freights are going up...
With metals continuing to melt upwards.. Hindalco with its upcoming IPO of Novelis could have some huge rerating triggers.. Long above 662 with a stoploss below 643. The stock would breakout into a new high on the backing of firm metal prices.. The Novelis story is the company is owned by Hindalco and is looking to IPO on the US markets at a valuation of $18B....
Technical Outlook The index has found strong support from lower levels, and in the previous session, it closed with gains primarily driven by IT stocks. The current R1 is placed at 22600, while S1 is positioned at 22250. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Astral break out of a 8+ months long consolidation zone on 23 Feb '24 with good volume. After that it formed a VCP and breakout on 10 May '24 with above average volume. Bullish view on the stock. It will be ideal to enter @2125-2155 levels with stoploss below 2000.
Formation of descending triangle having ichimoku cloud as range shift is extremely useful for traders. If breaks neckline along with 200 ema then serious drop else if breaks out ichimoku cloud and descending channel then great for long. Do not assume and enter until unless either side of mentioned criteria fulfills
#welspunliv stock at swing trade position and chance to keep on eye. Welspun India Limited's stock is currently in a consolidation phase, presenting a favorable opportunity for swing traders. The positive momentum indicated by the RSI, along with the strengthening Relative Strength, suggests a potential uptrend in the stock price. As always, investors should...
Don't Miss this Mother & son (Motherson) in your portfolio. Looks good in Parabolic Elliptical Breakout Pattern. Tgts expected Tgt 1 : 199± Tgt 2 : 232±
These two patterns indicate a new strong trend is about to begin. Keep this stock in watchlist. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Ponke Crypto Lifts Off Over 35% In Intraday: Can It Reach $0.50? At the time of writing, Ponke crypto was exchanging hands at $0.436 reporting an intraday rise of 35.2%. The PONKE crypto has delivered a massive 1006% return in the last three months. The Ponke crypto lifted off over 35% in Intraday and is approaching a psychological level of $0.5 level. The...
RVNL Nice Parabolic uptrend pattern. Tgts expected Tgt 1 : 345± Tgt 2 : 490± Tgt 3 : 612± Hold tight. Enjoy the Rally. Shared it for educational purpose based on chart pattern and My STUDY in Parabolic trend.
Safari Industries (India) Ltd: Inverted H&S Pattern Breakout soon stock 29% to 40% upside potential. Levels mentioned on chart. Plan your trade accordingly. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk. Happy Trading(:)