Fusion Micro Finance DailyFusion Micro Finance Daily Chart. Stock Posted Good Quarter Result. Breakout Soon Candidate. Keep in your Watch list..
Parallel Channel
Thermax has taken support from last support levelThe stock has confirmed its reversal. Its time to accumulate the share.
But the safe trader cannot enter yet. The trend lines need to be taken out for a safe trader to enter.
Thermax is old company which has shown massive returns recently.
The company owner family is amazing and down to earth, they have Mr. Tata level vibes. Which is a symbol of trust for me.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions
Ei hotel WeeklyEIH LTD stock posted good results in this quarter. In technical stock moving in a channel. Also downside support visible.
Mighty Nifty - Expiry Day Analysis Feb 9Yesterday downward channel gave upside break out and formed rising wedge pattern. Buy above 17910 with the stop loss of 17880 for the targets 17940, 17980 and 18020. Sell bellow 17830 with the stop loss of 17860 for the targets 17800, 17760 and 17720. Expected expiry day range is 17750 - 18050.
Mighty Nifty - RBI Day Feb 8Price is moving in a downward channel. Buy above 17750 with the stop loss of 17720 for the targets 17780, 17810, 17840 and 17880. When price moves within a range before break out, patience is tested Sell below 17690 with the stop loss of 17720 for the targets 17660, 17630 and 17600.
BAJAJ FINANCE ELLIOTT WAVE COUNTNSE:BAJFINANCE seems to have completed wave 2 correction.
It shall be heading higher in Wave 3 of extended wave 5 of Bull Market.
Nifty Intraday Trading Support & Resistance levels for(06-02-23)NSE:NIFTY
Hey traders this is Nifty Chart Analysis for 06 feb 23 let's see how the events are unfolding for nifty.
#Option chain - ATM & OTM Puts written and ITM Calls Unwinding - Indication of High Probability bullishness.
#Put Call Ratio form last 3 days as follows.
1st Feb - 0.54
2nd Feb - 0.78
3rd Fed - 1.11
as you can see its increasing sign of bulls strengthening.
1.Channel formation in nifty
2.Closed around channel + TL resistance zone.
3.Bar forecast for a pullback is marked as symmetry to previous retracement.
Setup:- 1 . The long setup is only above 17900 for a target of next major resistance of 18000 and if breaks 18000 too then wait for price to sustain, above 18100 for further longs as it can trap many bulls by forming a false breakout.
Setup:- 2 . Short setup is below 17700 after channel break of 17725 with a projected target of width of channel 17600 followed by 17500.
Always use stoploss according to your risk capacity.
Please do your own analysis too, idea shared for educational purpose only.
I hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
Channel in NiftyNifty is forming a channel pattern with the possibility of an up-move.
If the channel breaks there is a possibility of upward movement till its all-time high.
RAMCOINDNSE:RAMCOIND
Formation of Downward Sloping TrendLine. The Stock may move upwards after a break out above 144 or it may retest the bottom of the channel.
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
CYIENT: Bullish StructureNSE:CYIENT has a regression channel which can potentially be broken out as the momentum is pretty good.
Hopefully volume will pick up as well.
Trade: Buy above 936, SL: 920, T: 946/960/980
Reliance (weekly)Reliance (weekly)
Prices are at near support
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
1.3-year resistance horizontal line breakout at SUPREMEIND#SUPREMEIND (Supreme Industries Ltd.) has outperformed both the #Nifty and its sector peers over the last 123 trading sessions, and there is a 1.3-year resistance horizontal line #breakout on the weekly chart. #sharemarket #MultiBagger #relativestrength #stocks #StocksToBuy
BSE: 509930
NSE : SUPREMEIND
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
2.5 Years parallel channel breakout at BRITANNIA#BRITANNIA (Britannia Industries Ltd) has outperformed both the #Nifty and its sector peers, and there is a 2.5-year parallel channel breakout on the weekly chart.
I compared BRITANNIA to the Nifty and its peers in the sector beginning October 18, 2021, and discovered that BRITANNIA outperforming both the Nifty and its peers in the sector.
BSE: 500825
NSE : BRITANNIA
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Titan has turned from supportTitan is a good stock and now available at a great price.
I was surprised not many ideas are published around this stock, so thought i will take the lead.
Hope the lines I drew are self explanatory.
Support level is for buying and resistance is for selling.
Jubilant Food is at a strong double support levelWe can be double sure that stock should turn from here.
One can wait for confirmation reversal candle or take little risk as the R&R is in our favor.
No one will stop eating pizza, so this stock is not going to crash from here.
SL is a key.
Take your own decision
DIVISLAB Down to FILL GAP ???!!! Chart Patterns insist me to go with the opinion titled above!!!
REASONS:
1. Divislab has been travelling in a MAJOR Expanding Triangular pattern .
2. It's been travelling in a Descending Channel pattern(downswing inside the major pattern).
3. Soon the Stock may take support @ the major support.(Green line shown in chart).
4. There is also a GAP (occured in Aug 2020) ....which too can act as Support!!!(thus gap can be filled.)
SL- Day candle closing above 3770
Target - 2900
Let's wait and watch whether its going to take Support or Break it!!!!
Note - Just sharing my view ....not a tip nor advice!!!!
Jubilant Food is at a good support level.One can wait for confirmation reversal candle or take little risk as the R&R is in our favor.
No one will stop eating pizza, so this stock is not going to crash from here.
SL is a key.
Take your own decision
Axis Bank on support and generated bullish harami candleThe results were good and after 951 stock has corrected to good level.
At support level and we have a confirmation of bullish harami candle.
Tomorrow once the high is taken out the stock has the potential to move up
Blue Star moving goodBlue star has indicator breakout of EMA.
All the EMA's 200,100,50 and 20 are aligned and the previous high is also taken out.
Exit 200 EMA
Nifty Trend AnalysisNifty cheat sheet. I will use cheat sheet word because the lines are providing exact levels even on volatile days.
The shares are not for a beginner, I believe only person with basic understanding of charts should refer my charts.
The lines are hard to spot, with my experience I am able to spot them.
You can refer your financial advisor based on my analysis and maximize your profits.
My analysis says Nifty is now in bullish momemtum.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions
Nifty Trend AnalysisNifty cheat sheet. I will use cheat sheet word because the lines are providing exact levels even on volatile days.
The shares are not for a beginner, I believe only person with basic understanding of charts should refer my charts.
The lines are hard to spot, with my experience I am able to spot them.
You can refer your financial advisor based on my analysis and maximize your profits.
My analysis says Nifty is now in bullish momemtum.
Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions
