We had nearly 900 points move today. Because of this, tomorrow can be a less movement day. Price is moving within a channel. Trend deciding level is 47300. Pattern : Channel. Range : Medium. Trend strength : Normal. Buy Above : 47320. Stop Loss : 47260. Targets : 47400, 47480,47560, 47640 and 47720. Sell below : 47200. Stop Loss : 47280. Targets : 47120, 47040,...
Will Nifty50 bounce back or break down this channel. Keep an eye on 21480 if it breaks we may see a sharp fall from here 🍂
Kotak Mahindra Bank Limited offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. Book Value Per Share: 562.55 Dividend Yield: 0.08 TTM EPS: 86.40 TTM PE: 21.12 P/B: 3.25 Sector PE: 25.38 Positives: Company with high TTM EPS Growth Effectively using...
#Wipro cash -Positional call 09.01.2024 Looks good above 463.10 Stoplsos 450 Tgt 478-480/500/520 Cmp 451
#Bankofbaroda cash -Positional call 08 Jan 2024 Stock is at lower channel support if hold yesterday low better Looks good 228.10 and dips 224-225 (After crossing 230.10) Tgt 238-240/248-250 SL 220 Cmp 224
Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday: “Our stance is still neutral with equal possibilities in either direction. Since Nifty50 is following the ascending channel’s top trend line — the chances of going up look more probable. To go down — we need news flow/event as there is no technical weakness.” 4mts chart link The gap up open today and a...
1) Time Frame - Weekly. 2) 4 Months consolidation breakout in weekly with huge bullish candle and volume. 3) Since the stock moves in an uptrend channel it will find its resistance around the price (67). 4) Recommendation - Strong Buy
Nifty Weekly View 📊 In this insightful analysis of the Nifty, we'll explore three crucial patterns that are currently dominating the charts. These patterns provide valuable insights into the future direction of this key market index. 📈🧐 1. Ascending Triangle Pattern (Yellow Highlighted) 📈 Ascending triangles are bullish chart patterns characterized by higher...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The first thing we had to do was to change the stance from bearish to neutral. To go bullish we need some more momentum, if it comes up in the forenoon session — I will update you via TV minds.” 4mts chart link Two things happened today A gap-up open - which did not make any sense. The rejection...
Gujrat gas breking a parallel channel on #weekly basis with good volume #target r mentioned in chart EDUCATIONAL IDEA ONLY
MAHLOG | The perfect weekly close that we want Looks like the stock is bottomed out and new trend is taking place CMP : 448 (Dip : 420) SL : 375 Target : 780 #Lead
Nifty Weekly Analysis Between the last expiry and today, Nifty50 has fallen only 99pts ~ 0.46%. Credits to the recovery today that made up 141 of the lost points. N50 also has managed to bounce off the channel top line indicating further signs of strength. 63mts chart link Nifty Today Analysis - Stance Neutral ➡️ Recap from Yesterday: “On the higher time...
NSE:SUZLON has given a Breakout from it's Resistance Levels after retesting its support for multiple time; may go to Target of Rs. 43.
The chart looks good because of following reasons: 1. Crossing above all EMAs in monthly, Weekly & Daily TF. 2. Breaking out of Parallel Channel 3. Near previous swing highs 4. Good Volumes near top line of parallel channel. 5. Good reward Ratio Tomorrow's weekly close will decide whether the plan is activated or not.
Dharmaj- Textbook Cup and handle formation done on daily. Went into a parallel channel while forming handle. Today slight breakout of parallel channel is done.Still Entry should be taken only after weekly close above 280 only for the target of 400. Note: This is for educational purpose only.
Gulf Oil Lubricants India Ltd - CMP: 464 Technically: Falling Channel Pattern Consolidating in a zone for some months now Ideal time to accumulate for long term Target 1: 558 Target 2: 673 Target 3: 838 Stop Loss: 375 Fundamentally: Strong Promotor Holding The Co has bought back its 14,16,667 equity shares at Rs 600 per equity share in cash on Feb'22 Consistency...
Please look into the chart for a detailed understanding. Consider these for short-term & swing trades with 2% profit. For BTST trades consider booking target for 1%-2% For long-term trades look out for resistance drawn above closing. Please consider these ideas for educational purpose Please note that, if there are some big targets, those are drawn thinking...