DEEPAK NITRATE BRAKEOUTBUY above high of brakeout candle with minimum 1:2 take profit nice brakeout of channel pattern
Parallel Channel
Bank Nifty - June 1Buy above 44220 with the stop loss of 44140 for the targets 44300, 44380, 44460 and 44520. Sell below 44960 with the stop loss of 44040 for the targets 43880, 43800, 44720 and 44640. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Expected expiry day range is 43760 to 44420.
Mighty Nifty - June 1Buy above 18580 with the stop loss of 18540 for the targets 18620, 18660 and 18700. Sell below 18490 with the stop loss of 18520 for the targets 18460 and18420. This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Expected expiry day range is 18460 to 18660.
banknifty in a falling channel #banknifty 15 min chart : trading in a channel and channel resistance near 44200 and poc at 44400
and downside support near 44850 and channel support near 44750
play support and resistance level
IIFL FINANCE - 72% RETURNS!!!BUY - IIFL FINANCE LTD
CMP - Rs. 445
Target - 1: Rs. 560
Target - 2: Rs. 650
Target - 3: Rs. 770
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Technicals - Ascending Channel BO
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This is just a view by an expert analyst, please invest at your own risk.
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J K Cement Analysistechnical analysis of J K Cement:
-The RSI is at 53.7, which is considered neutral.
-The MACD is positive and rising, which is a bullish signal.
-The ROC is positive and rising, which is also a bullish signal.
-The 50-day moving average is at 3052.56 and the 200-day moving average is at 3138.38.
The stock is currently in a channel pattern in the daily time frame.
The price is currently moving up and could be either wave C or wave 3 of an Elliott wave pattern.
If the price continues to move up, the next target could be 4100.
It is important to note that these technical indicators are only a snapshot of the current market conditions. They can change quickly, and it is important to keep an eye on them for any changes.
fundamental data of J K Cement:
Market capitalization: ₹23,213.7 crore
EPS (TTM): ₹10.71
PE ratio (TTM): 16.07
Dividend yield (TTM): 2.05%
Revenue (FY22): ₹11,478.9 crore
Profit (FY22): ₹1,831.8 crore
Here are some additional factors that could affect the price of J K Cement:
Economic conditions: The overall health of the economy can have a significant impact on the price of stocks.
Competition: The level of competition in the cement industry can also affect the price of J K Cement.
New product development: If J K Cement is able to develop new products that are in demand, this could lead to an increase in the price of the stock.
Mergers and acquisitions: If J K Cement is involved in a merger or acquisition, this could also affect the price of the stock.
Overall, the technical indicators suggest that J K Cement is in a bullish trend. However, it is important to keep an eye on the overall market conditions and other factors that could affect the price of the stock.
MFSL Cmp 634 Parallel ChannelMax Financial Services Cmp 634 6-4-2023
1. Parallel channel Consolidation, moved above mid line.
2. RSI Divergence
Buy above 637 for tgt of 650-670-680-700-710 SL 610
It is just a view, please trade at your own risk.
GREENPLY | Channel breakout ahead for 75% rallyGREENPLY | Channel breakout ahead for 75% rally
CMP : 163
SL : 140
Target : 280
1:5+ risk reward setup
Price moves under the Upward parallel channel at NATCOPHARMPrice moves under the Upward parallel channel at NATCOPHARM
BSE: 524816
NSE : NATCOPHARM
ONLY FOR #educational NOT SEBI REGISTERED #LEARNEARN
It's my analysis, and it's 100 percent possible that I'm wrong. So, please don't believe in me; do your own analysis before investing.
Channel Support - Demand zoneChart is self-explanatory. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations.
Nifty Prediction Tuesday Nifty & bank nifty prediction for tuesday 30 may 2023
Nifty look Bullish with 100 points gap
Bank nifty will turn bearish only below 43600 below recent swing low
maximum jerks will be to todays day high 44525
if Happens gap down then Fridays low will be target
SUDARSHAN CHEMICAL - 65% RETURNS!!!BUY - SUDARSHAN CHEMICAL
CMP - Rs. 462
Target - 1: Rs. 660
Target - 2: Rs. 760
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Technicals - Trendline BO
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This is just a view by an expert analyst, please invest at your own risk.
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Laurus Lab Cmp 305 Channel BO & Bottom CatchLaurus Lab Cmp 305 dated 3-4-2023
1. Parallel Channel BO @ 300 (already done)
2. 50 % correction already done from highs.
3. RSI reversal & done BO
Buy above 306 for tgt 320-330-345-360 SL 280
It is just a view, please trade at your own risk.
MRPL Cmp 60.95 Channel BO & Volume RiseMRPL Cmp 60.95 dated 27-4-2023
1. Channel BO @ 59.50 (done)
2. Price Rise with Volume Rise
Buy above 62 for target 65-68-71 SL 56
It is just a view, please trade at your own risk.
WIPRO - SHORT- 1D - Channel PatternWipro is currently on a Downtrend for over a year now. The IT sector overall looks bearish and on Wipro, you can spot a beautiful channel pattern forming and price-making lower Highs.
It has a roughly 1:3 RW Ratio.
Entry - (382-384)
SL - 390
Tar - 360
GNFC, Bullish, Target 620The stock looks bullish, though below 200EMA, have given channel break
out with huge volumes along with inverse Head & Shoulder formation. After
200EMA has the strong resistance zone which is breached can provide new
higher targets.
BALKRISHNABALKRISHNA made an descending channel pattern on an hourly charts & its on the verge of breaking out of it.
Could be bought with mentioned stoploss & targets.
Nahar Capital - Weekly Channel BreakoutWeekly Channel Breakout Done
Good Point to Enter the trade with an upside of 346-384 on weekly Basis
SL 270
USD INR rally statusWill USD INR continue the uptrend.?
Clear divergence in RSI says NO.
It is also trading at the upper end of the rising channel.
Lets watch watch what happens at the current resistance of 83.
If USD makes top we can see rally in Nifty.
VISHAL BEARINGS - 130% RETURNS!!!BUY - VISHAL BEARINGS LTD
CMP - Rs. 126
Target - 1: Rs. 205
Target - 2: Rs. 295
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Technicals - Ascending Triangle BO
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This is just a view by an expert analyst, please invest at your own risk.
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HINDALCOHINDALCO on the verge of breaking out of descending channel pattern on an hourly charts with decent volumes & very good risk:reward ratio.
Could be bought with mentioned stoploss & target.
RELIANCE to Dip via Inverted Cup & Handle ??!!Chart patterns look good for a short trade in Reliance industries
REASONS
1. RELIANCE has been trading inside an Ascending Channel and currently it is down under its Downswing move inside the channel
2. There is a Monthly breakdown (shown in chart) out of a 5 year old trendline support
Monthly timeframe chart below -
3. In weekly chart shown below, we can clearly witness lower high and lower low formed recently confirming Bearishness!!
4. In daily timeframe , it is trading in the form of an Inverted Cup & Handle and its due for Breakdown!!
5. Target levels mentioned as Horizontal dashed green lines
6. SL can be day candle closing out of the purple slanting trendline
7. Safe Entry can be after 2hr Breakdown out of the Inverted cup & handle pattern.
Let's wait & watch, how it moves!!!
NOTE - Just Sharing my View....not a tip nor advice!!!!
