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
Parallel Channel
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.
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..!
Parallel Channel consolidation in TitagarhNSE:TITAGARH A parallel channel has been formed in Titagarh
A double confirmation buy can be triggered when the price crosses EMA 44 with trailing SL.
The rest of the explanation of the targets and SL has been marked in the chart.
LOPELOPE is moving is moving well in a channel direction. After giving Breakout at 135 it may try to retest
Use the oppurtunity to enter and 110 is important level to be save
keep a horizon of 2-3 yrs
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.
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.
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Firstsource Solutions Ltd. – Emerging out of consolidation The stock is emerging out of consolidation on a daily chart. The key level is 390, above which we can see a momentum on the upside with an initial target of 20-25% for swing/positional trade.
Stop loss can be kept between 5-8%, based on one’s risk appetite.
Note: Not a buy/sell recommendation. Please consult your advisor
SWING TRADE - LAURUS LABSLAURAS LABS- Stock given Range Breakout with Higher High , if sustains continuously above 600 levels (Candle swing high) could go for new 2 yearly high -650- 680+
SWING TRADE - POLYPLEX CORP Stock bounced from a support Area around 1260, creating a Higher High-Higher Low formation and trendline Breakout in hourly frame. if sustains can explore new 6 monthly high .
Fresh entry can be on retracement in 15m timeframe /20 ma
360ONEThe chart is self-explanatory and shared for educational purposes.
This stock is trading above the 50-day, 150-day, and 200-day moving averages. The 200-day moving average over the past three months indicates consistent growth, and the stock is also forming higher highs, suggesting the potential for further upward movement.
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.
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.
Nifty resumes the Fall! The Monthly resistance at 24500 Zone has worked like magic
Is Nifty headed for 22000 20000?
Looks very much likely
Depending upon further Price action we will review about 18000 17000 if at all Likely to be tested
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.
Voltas: Bullish Momentum with Key Support at 1600 Topic Statement: Voltas is on a bullish trajectory, moving in an up trending channel with crucial support at 1600, offering a buying opportunity near the 180-day moving average.
Key Points:
1. The stock is steadily moving in an up trending channel, reflecting a bullish trend.
2. 1600 is a critical support level where the price has stabilized.
3. Accumulation is recommended when the price nears the 180-day moving average.
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.
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.
ZYDUSLIFE - INTRADAY or BTST OppurtunityThe price is respecting the support line around the 962 range, which has been in place since November 29, 2024. We can enter this stock with a stop loss at 959. Stock is suitable only for Very short term trade.
