SWING (KEEP WATCH) - BHARAT DYNAMICS BDLscript in good momentum after Higher High- Higher Low creation on move from support area around 1110 and also clearing major trendline, can test 1300 levels
Parallel Channel
GrasimPrice gave two side move today and in that process it has formed an ascending channel. And now price is at the channel support.
Buy above 2326 with the stop loss of 2306 for the targets 2348, 2372, 2394 and 2408.
Sell below 2285 with the stop loss of 2305 for the targets 2268, 2240, 2210 and 2192.
Do you own analysis before taking any trade.
Bank NiftyBank nifty surprised me today by giving more trending movement compared to nifty. Bank nifty was lacking trending moves once its weekly expiry was reduced to monthly expiry. 😢
Coming back to the analysis, price is moving within a channel today. Price is testing the lower trend line of the upward channel and sustaining current level is important to be bullish.
Buy above 48740 with the stop loss of 48660 for the targets 48820, 48900, 48980, 49100, 49180 and 49360. Sell below 48560 with the stop loss of 48640 for the targets 48480, 48400, 48300, 48220 and 48100.
Do your own analysis before taking any trade.
HDFC Life Recovers Post-Quarterly ResultsTopic Statement: HDFC Life has shown a strong recovery after posting a 14% QoQ growth in Q3 earnings, with the stock taking support at the 61.8% retracement level and breaking above its down trending channel, indicating a trend reversal.
Key Points:
1. Company reported a 14% QoQ growth in 3rd-quarter earnings.
2. Price took heavy support at the 61.8% retracement level.
3. Price jumped by 8% after the results, creating a gap.
4. Candle closed above the down trending channel, signaling a trend change.
Kaynes bouncing from channel support and 50 D
#Kaynes Technology. Looks good for a Swing.
Entry: Buy Small quantities in CMP(6547)
Stop Loss (SL):Marked at ₹5,806.30,
Target (T1): ₹7,697
✅Channel Pattern: The price is moving within an ascending channel, respecting both the upper and lower trendlines.
The recent pullback appears to have tested the lower trendline support, followed by a bounce.
✅The stock is trading above the 200-day moving average (yellow line), signifying a bullish long-term trend.
✅Stock Takes support at 50 DMA. Right now it is bouncing from channel support and 50 DMA.
✅A sharp green candle on strong volume indicates renewed buying interest at current levels.
📎Strategy:
Buy at CMP in small quantities to reduce risk, as per the chart's suggestion.
📎Watch for:A strong close above the middle of the channel for confirmation of bullish momentum toward the target.
Exit the trade if the price breaches the ₹5,806.30 stop-loss level.
⚠️Overall Trend is bearishI'm Not sure if this is the beginning of a bear market or a Bull Market Correction. So keep the positions limited. Do not go full-on. Keep your capital safe and manage the risk properly.
CNXPSUBankin past 5 years this has given good run up in parallel channel. It would be interesting to watch how channels break down. but before that it has dead cat bounce to be watched
CNXPSUBANKInverse head and shoulder formation gives a confirmation that price has reversed well from lower end of the parallel channel and ready to move up. middle resistance zone has be bo and retested as well.
SWING (OBSERVATION) - LTTS
Script opened Gap up -bounce from support around 4637 and showing good intraday momentum clearing a parallel channel around 5200
Can be considered for long position if momentum sustains
SBI - Long Term Investment IdeaSBI iS BELOW a crucial resistance levels.
Strategy used : Support Resistance levels and Trendlines
SBI near a crucial resistance levels
750-770 level.
CMP: 756
Current support levels 750 are broken and acts as resistance.
Investment idea:
50% - When crossing 762
if 610 levels are tested due to sudden spikes and rebounds, invest 50 % of the funds
Key points:
Q3 results are expected on 31st Jan 2025.
Upcoming Budget on Feb 01 2025
Support resistances - refer above.
This idea will be for long term and will be updated regularly
Note: Not a SEBI registered analyst. Plan and trade as per your analysis
FSL taking support at Channel Bottom and Bouncing...Stock: Firstsource Solutions Ltd.
📎Chart Pattern: Ascending channel with a recent pullback.
✅Key Levels:Entry: ₹380.35
✅Target (T1): ₹423.10
✅Stop Loss (SL - Closing Basis): ₹344.70
📎 Observations:
✅Stock is consolidating within a rising channel and has bounced from its lower trendline.
✅The 50DMA(Green) and 200DMA(Yellow) are acting as strong supports, suggesting bullish momentum.
✅RSI and volume remain aligned with the uptrend.
📎Risk-Reward:
It is favourable for swing and positional traders. Further additions above 423 would be possible if we get a clean breakout with volume. EveryPullback to 50/200 DMA is a buying opportunity.
⚠️Overall Market sentiments are weak and we are trading against the trend.
Disclaimer: This analysis is for educational purposes only, not financial advice.
SWING TRADE- BIOCONScript showing a good bounce from 50ma with HH HL formation , also clearing prominent rejection area (parallel channel and trendline breakout) above 360 which can also act as good SL
HCLTECH's Resilient Bull RunTopic Statement: HCLTECH is on a strong bull run, resilient to the recent market correction, with a healthy profit growth and price trading at its lifetime high within an up-trending channel.
Key Points:
1. Company reported a 7.5% profit growth QoQ.
2. Price is moving in an up-trending channel, simplifying channel trading.
3. Trading at its lifetime high.
Nifty 50 at a Critical Support: Rebound or Further Decline?Hello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a daily timeframe analysis on Nifty which is trading within a Bearish Falling Channel and recently broke down from a smaller Bullish Channel , indicating continued weakness. It is now approaching a Strong Support Zone , which could either lead to a rebound or a fall toward 22,246 if the support breaks. The RSI shows bearish divergences aligning with past declines, while recent bullish divergence suggests possible support. This is a key level to watch closely.
Disclaimer: This post is for educational purposes and not financial advice. Always do your research and manage your risk.
Don’t forget to like and follow for more trading ideas like this. Check out my profile @TraderRahulPal for other detailed insights into technical and fundamental setups. Let’s grow together!
AARTIINDafter falling from the high of 1000
it has been inside the parallel channel since past 2 years
now after mild retracement it may try to break the channel towards up
but 680 is crucial level which it may not be able to break and has to consolidate further
OFSS Bull Run with Oversold OpportunityTopic Statement: OFSS is on a bull run, with the stock price moving in an up-trending channel and currently touching the lower part, making it oversold.
Key Points
1. Stock price is moving in an up-trending channel, hence channel trading is clear.
2. Price is currently at the lower part of the channel, indicating it is oversold, hence an opportunity is present.
SWING (OBSERVATION) - NAVIN FLOURO CHEMscript in high intraday momentum with huge candle bounce from support area (green channel ) supported by volumes trading near a resistance area . Keep watch for sustained momentum above 3870
Eicher motors breaks 6 month long consolidationStrong candle on 2nd Jan 2025 with big volume breaking out of 6 month resistance near 5k.
Good to add for 10k target on pullbacks time period 6months to 1 year.
Entry near 5k-4950 stop will be 4673
Astral - At bottom of consolidationAstral is undergoing consolidation which can either be reaccumulation or distribution. Any bullish price action at the bottom of the channel would give a good risk reward entry. I would look at a green week before entering.
Material for informational purposes only, not a trading advise.
SWING TRADE (OBSERVATION) - RELIANCE INDUSTRIESScript is showing breakout from trendline after retest on prominent support area (parallel channel) as shown , if momentum continues may head to higher resistance area of 1320
SMHVaNECK Semiconductor ETF is in parallel channel since 2009
once it crosses 157 then expect good move in next 1-2 yr
115 need to be supported else it will be invalidated
SWING TRADE - SHEELA FOAM (SFL)Script showing good momentum intraday basis - strong bounce from support trendline BUT nearing a rejection area 1060 - if sustained can get a new high - wait for retracement in 15m timeframe for swing entry
TMCFGRNZM: Breakout Could Fuel Bullish MomentumNCDEX TMCFGRNZM is showing signs of potential growth, but the increase so far hasn't been significant. According to Elliott Wave analysis, the price has formed an impulsive pattern, with wave (c) of wave ((4)) reaching a level of 13,000 .
The price is currently in the final wave ((5)) of the impulsive cycle. For this to confirm the impulsive movement, the price needs to break above the level of wave (B), which is at 16,590.
A strong resistance is expected at wave B, and if the price breaks through this level, it could boost the bullish momentum, leading to a new high. However, without this confirmation, the price may not be suitable for long-term investment and could remain in a corrective phase.
We will update further information soon.
PNBHOUSING BULLISHPNB HOUSING FIN LTD is looking strong upside.
Entry for swing trade
You can go for it after doing your own analysis.
entry price, target and stop loss has been updated in the chart.
ONLY FOR EDUCATIONAL PURPOSE..!
