Price broken the resistance line in daily timeframe and closed strong with marubuzu candle and good volume bar. One can plan their trade as said in video for good RR ratio. Please don't enter without proper knowledge.
The stock is forming an inverse head and shoulder pattern on the daily timeframe moreover 292 acted as a crucial resistance which was breached few day back The stock has posted a decent december quarter and the results for upcoming quarter are due on 24 th may which are exepcted to be great The stock can give more than 30% returns in less span of time and can...
AMEX:NEAR Ready for a Potential $49 Target According to Elliott Wave Analysis - Potential Entry Zone: $6.5 - $7 - Bullish Long-Term Outlook - Dip = Prime Accumulation Opportunity for Huge Profits #Crypto #NEAR #TechnicalAnalysis #ElliottWave #CryptoTrading #Altcoins
#parasdefence Moving out of longrange BO as well. Parasdefence big potential for coming months. Keep in Radar. Disclaimer :consult your financial advisor. #technicals #StocksToBuy #stocks #StockMarkets #investing #Index #Nifty #Breakout #BreakoutStock #Defence
WIPRO LTD ANALYSIS 19 MAR 24 LONG This analysis is purely for educational purpose only currently wipro is trading around 462.55 R:R- 1:2.5 i believe that this stock will give (7%-17.9%) returns in coming weeks Investment type :- short term investment 1-3 months entry zone willl be : 455.40- 468.00 bullish levels will be level1 :- 480.10 level2 :-...
Price taking support on 200ema indictor line, with volume contraction. Wait for conformation once it breaks the consolidation zone with good volume and the price sustains above the trendline. Easily can give 10 to 15%. NOTE: i do my analysis, do your before trade.
4hr resistance area... So Sell SL maintain. Support resistance bass trading plan. Happy Trading. Thank you.
The S&P CNX Nifty Index Futures chart indicates an uptrend within a defined channel, with the price currently testing a key resistance level. A rejection from this resistance could lead to a pullback towards the fair value gap . Volume analysis supports this potential scenario, suggesting that a move to fill the gap could occur before the price resumes its...
RSI = 50, Darvas Box formed at 23.60% retracement level of Fibonacci. The index could be volatile in the range of 6840 to 7300. The constituents could experience high volatility in the coming week. A fresh trend is formed above the level of 7300. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Much awaited thing is seeing cantabil back in demand Lets see if it can sustain and break the yellow line RSI indicator has shown breakout and volumes are rising Levels are marked can keep a watch and then long
FY24 EPS 21.11(Q4 EPS 6.4), PE 10 and Book value is 170 and PB 1.25 From Q1 of FY25 the company will post min EPS of Rs 6.4/Qtr, even if we consider 25% growth its annual EPS would be 6.4*4*1.25 = 32 Rs/share FY25 valuation at CPM of 212 would be EPS 32, PE 6.6, Book value 200 and PB 0.94 therefore as per FY25 estimation minimum price at which it must trade...
NSE:MAPMYINDIA Ascending triangle breakout in MayMyIndia. Forming double bottom and trying for breakout, can gain very good momentum above 2075. Triple top breakout if closes above 2075. Earnings release beats market expectations. Indicators: RSI looking good above 60. Buy above 2075 TGT: 2350+ Note: Only for education purpose, No BUY/SELL recommendation
You can clearly see that nifty is making a range between this two lines so trade accordingly.
PVRINOX VALUE BUY SL BELOW 1230 TGT 1430-1470-1540-1610-1700 1. RSI on monthly chart near 40 support 2. Price formed double bottom last week on weekly chart 3. Harmonic Bullish BAT pattern completed and next patter under formation 4. Major confirmation area to gain momentum is 1431 levels above which momentum will increase Good Risk reward as pattern /...
Based on the current market situation and technical analysis, the strategy for gold trend next week can be as follows: 1. Short strategy Since gold has been strong recently and closed above $2414 on Friday, it may rebound to the $2420-2430 range after the opening next week. You can try to short in this range: Opening range: $2420-2430 Stop loss position: set near...
Sun Pharmaceutical Industries Ltd. is an interesting chart with following FUNDAMENTALS Company is almost debt free. Company has delivered good profit growth of 26.4% CAGR over last 5 years Company has been maintaining a healthy dividend payout of 56.0% Technical 1. RSI on weekly and monthly time frame above 60 2. Price Taking Support at 20 Week SMA 3. ABCD...
Bit risky trade but can enter with small quantity for desired result