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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.
NCDEX:TMCFGRNZM1!
by forextidings
1
BIRLASOFT at RetestBelow are the some points to go through for better analysis: 1. At Retest level 2. Risk Reward is almost 1:2 to 1:6. Disclaimer: Content shared on or through social site channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:BSOFTLong
by navneet2109
Positional Long : Aarti Industries Aarti Industry has given a good correction of ~64% from its top due to weakness in its energy business, drop in Mono Methyl Aniline (MMA) margins ,and is trading near a important support area i.e 400 level. Currently its following a descending channel pattern and has formed a double bottom pattern. Earlier price has formed a Head & Shoulder pattern, & price descended ~25% which was due as per the H&S Pattern. Given the headwinds looks like a good positional buy with a staggered accumulation approach in major dips. ⚡Note: This is just for analysis purpose, please do your own research before punching any orders. 🔍 For more technical analysis and trade setups, make sure to follow me on trading view. 🔗 Trading View: in.tradingview.com/u/DebasisT/
NSE:AARTIINDLong
by DebasisT
PNB: Oversold Stock with inherent bullishnessTopic Statement: The stock has become oversold but shows recovery potential as it moves in an up-trending channel following a recent breakout over the downtrend line. Key Points: 1. The stock recently broke out over its downtrend line, signaling a reversal. 2. It is moving in an up-trending channel, indicating bullish momentum. 3. The price is currently below the 180-day moving average, making it oversold and a potential buying opportunity.
NSE:PNBLong
by yogeshwar
Navkar Corp Breakout Alert.Navkar Corporation Ltd. ✅The stock has broken out of a base and is exhibiting strong bullish momentum. ✅It remains in an uptrend, trading comfortably above key moving averages, signaling continued strength. ✅The RSI (Relative Strength Index) indicates healthy momentum, further supporting the bullish case. ✅Currently trading within a well-defined ascending channel. However, the channel top may act as resistance, so monitoring price action near this level is crucial. ✅Encouragingly, the recent price movement is supported by strong volume buildup, which adds credibility to the breakout. ✅On the left side of the chart, there is no significant immediate resistance apart from the channel top, suggesting room for upward movement. ⚠️Market Context & Risk Management: ➡️While this setup appears promising, the broader market remains weak, indicating that this is a stock-specific market. Traders should practice strict risk management and position sizing to safeguard against adverse market conditions. ➡️Key Levels: Current Market Price (CMP): ₹174 Stop Loss (SL): ₹153 (on a closing basis) Disclaimer: This analysis is for educational purposes only. Please conduct your own due diligence before taking any positions.
NSE:NAVKARCORPLong
by sagartharayil
Jio Financial Services: Cooling Off with Strong Support Topic Statement: Jio Financial Services is cooling off slowly after its stellar debut in the stock market, facing selling pressure and trading in a down-trending channel with strong support at 300. Key Points: 1. The stock is facing selling pressure after its stellar market debut. 2. Price is moving downwards in a well-defined down-trending channel. 3. Strong support is identified at the 300 level, providing a potential buying opportunity.
NSE:JIOFIN
by yogeshwar
ZOMATO: On A Steady Bull RunTopic Statement: ZOMATO is on a steady bull run within an up-trending channel, offering accumulation opportunities near the 180-day moving average despite struggling to sustain above 300. Key Points: 1. The stock is moving steadily in an up-trending channel, reflecting bullish momentum. 2. Accumulation is recommended when the price approaches the 180-day moving average. 3. The 300 level remains a critical resistance, with the price unable to hold above it.
ZLong
by yogeshwar
HCLTECH: Bullish Momentum Awaits Quarterly Results Topic Statement: HCLTECH is on a bull run, moving in an up-trending channel, but overbought conditions may lead to a correction pending upcoming quarterly results. Key Points: 1. The stock is rising within an up-trending channel, indicating strong bullish momentum. 2. The price is overextended above the 180-day moving average, signaling overbought conditions. 3. The sustainability of the bullish trend depends on the outcome of the upcoming quarterly results.
NSE:HCLTECHLong
by yogeshwar
Nifty Short Strangle - Dec 19th ExpiryThis week’s Thursday ( Dec 19th, 2024 ) marks the weekly options expiry. Analyzing the chart, we observe an ascending channel and a descending trendline converging at significant levels for the expiry date. The ascending channel’s upper trendline intersects 25400 on Dec 19th. The descending trend-line intersects 24100 on the same date. If Nifty respects the above trend-lines, then on expiry day, Nifty will be trading between 24100 and 25400. Short Strangle with 24100 PE and 25400 CE could be used to trade this strategy. Risky S&R to watch: The ascending channel’s lower trend-line intersects 24450 on Dec 19th, but this represents a risky support level. And 25000 is a risky resistance level to watch. We suggest not to trade these two levels as they are too risky.
NSE:NIFTY
by Arun_Muthuvijayan
OLA ELECTRIC MOBILITY: Consolidation After Channel Breakout.✅ Falling Channel Breakout: The stock recently broke out of a steep falling channel, indicating a potential trend reversal. ✅ Consolidation Above Support: Currently consolidating between ₹92-₹103, forming a solid base for the next potential move. ✅ Volume Spike on Breakout: Significant volume was observed during the breakout phase, adding conviction to the bullish bias. 🎯 Key Levels to Watch: Entry: ₹103.30 (Breakout confirmation above the consolidation range) Stop Loss: ₹88.53 (Closing Basis) Target 1: ₹123.37 Target 2: ₹158.16 💡 Risk/Reward Analysis: Risk: ~15% (₹103.30 to ₹88.53) Reward: ~19% for Target 1, ~53% for Target 2 📌 Trade Setup: Wait for a breakout above ₹103.30 with volume to confirm entry. Ensure strict risk management to protect your capital. Caution: Market volatility may influence the stock's movement. Always align trades with your investment strategy and risk tolerance. #OlaElectric #BreakoutStocks
NSE:OLAELECLong
by sagartharayil
Wipro Gearing Up for a Stage 2? Add to your WL.After the bonus issue, Wipro is setting up again -Forming a base right at a resistance level. -Narrow Range candles. -Dry Volume. -Stock is in an uptrend. -Could be a potential stage 2 Wait for the entry to trigger for a fresh entry. Wait for a confirmation of stage 2. Entry: Above 315 SL: 283 day closing basis. Risk- 9.7% Potential Reward: 18% RR: 1:1.9 A word of caution: The Quarterly earning releases are due on January 8. Watch the Price action near the T1 ( 371) for further addition to the existing position or for fresh entry. Lock some profit at T1.
NSE:WIPROLong
by sagartharayil