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Positional

Market wait to decide trend. Weekly closing around crucial level The weekly chart of the market has closed around an interesting resistance zone. Even RSI indicator is showing some strength but price action needs to confirm. Fibonacci Golden Ratio is also in sink with the resistance zone and on the contrary it took support on the weekly charts from the major trend Golden ratio. There is a confusion as both the indices are showing some gap and they will pull each other. If nifty keeps it rally and banknifty sustain and starts trading above the resistance zone, banknifty will reached new ATH. In case banknifty face rejection from these levels and starts trading below the weekly 20 EMA, it will pull bank nifty. There will be a double bottom probability around the support zone or a M pattern formaiton on the weekly charts. This week need to close above 47300 levls to prove its bullish, else have to wait for another week on the positional trade. If the market moves sideways, some good entries and exits can be taken from these zone. Monthly candle close is still in between. Next week clear monthly view can be seen. High probability of market deciding the trend is there in this week. Positional trades from the next month expiry may be triggered this week as per the price action formation.
NSE:BANKNIFTY
by TheMamboMomentum
BLB LIMITED : UpMove in a Channel - 2x Forecast.NSE:BLBLIMITED Mid Term - Low investment - 2x Reward Forcast. #BLB LIMITED Weekly chart 📊 Stock has been in a tight range for Almost a year now. 🗓️ The Resistance point is 25.50, upon breakout Long entry should be initiated. 🎯The targets will be mentioned on chart, upper channel resistance line around 51. 🤑 Stop loss Will be below Previous swing Low. @17 Trade with proper position sizing Keep Learning, Happy trading.❤️
NSE:BLBLIMITEDLong
by SANJAYPATIDAR_
5
AVTNPL: Monthly Breakout StockAVTNPL is a good company, and its fundamentals are good. A stock from Small cap, which can show a good upmove for next few months. One understand the chart properly to take your trades. Monthly Trendline Support Double Bottom Base creation Daily Timeframe Consolidation Breakout Now watch this ratio chart of AVTNPL and NIFTY 500. Three Major points to consider 1. Fibo 0.618 Support 2. Trendline Support 3. Double Bottom Creation How am i trading in this stock? I will start my trade by adding AVTNPL. My quantities will be less at start. My Stoploss will be 88 and Target will be 136. With Increasing strength, and stock moving upside i will keep adding with trailing SL. Trendline break and sustain will give me confidence to add more. I will keep updating to this chart. So do follow!
NSE:AVTNPLLong
by NikunjBangad
Bata - Positional SetupThe stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes. The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk. If goes well, then the risk-reward ratio is quite good according to the projected targets. Only for learning and sharing purposes, not a piece of trading advice in any form. All the best.
NSE:BATAINDIALong
by anandlive
2
GICRE-An insurance stock for long term!GICRE has given a breakout from downtrend has retested the 200 levels yesterday. This stock is looking good as an positional bet. SL can be below 175 weekly closing basis. Targets can be minimum 300 and then above it hold for long term as an investment pick as per your risk appetite. Stock has good fundamentals available at cheap P/E ratio of 5.2 at CMP. Stock also offers dividend yield of above 3% and is in business of reinsurance. Idea shared for educational purpose only.
NSE:GICRELong
by chartistamey
11
INDIANB Analysis & PredictionThis is the analysis of INDIANB in Weekly Time Frame. Watch carefully. The chart explains itself. There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown. Always maintain your risk management. Book your profit according to your “STOMACH”. Disclaimer: This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade. Happy trading. About INDIANB : Indian Bank engages in the provision of banking products and services. It operates through the following segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. It offers NRI-Foreign Exchange, Applications Supported by Blocked Amount for IPO, wealth management services, supreme current accounts, educational loan, centralized pension processing, interest subsidy for educational loans, and financial inclusion plan. The company was founded by V. Krishnaswamy Iyer on March 5, 1907 and is headquartered in Chennai, India.
NSE:INDIANBLong
by suraranjanganguli
RBL LOOKING GOOD FOR POSITIONAL AND SHORT TERM As its trying to break the ascending channel, has been rising with a good consolidation + volume dried up. The key EMA acting as the resistance. Once its broken I'm gonna enter above 169.35. With a small Sl of 65.30. #RBLBANK After that, once it sustains above the 1st target, will keep trailing Sl. And will book 25% at the 1st target and 50% at 2nd Target. In terms of fundamentals, the bank has very good valuation compared to its industry peers. A good P/E ratio. The P/E has been rising steadily annually and quarterly. This is very good indication. Bank's Total Revenue, Net Income and Margin has been increasing with a good pace. It also seems accelerating. Company has a strong business allocation with most of from the retail customers. I think it's good bcz young generation is growing and they will need financial help from banks in every step. Actual revenue also growing with good ratio, annually as well as quarterly. Dividend per share and dividend yield rising at very good pace. It's attractive to investors. A plus point. What a financial health with total deposits and loan deposits increasing with a good ratio. Thanks for coming till here. Hey, by the way I love to teach new traders on weekends and in my free times. If you wanna learn let me know. Cheers. 🥂💫
NSE:RBLBANKLong
by Trendxinc
Infibeam - purely technical pickI usually don't suggest penny stocks. However, I found the chart of a Nifty500 stock, Infibeam vey interesting! We have a beautiful positive RSI divergence currently in weekly time frame. If you observe the chart, a similar divergence is visible near the previous low of 7-8 after which it rallied upto 28. It can be a good positional trade between 12.5 and CMP for targets of 17.5, 19.35 and SL below 11.15 DCB. Please note that this idea is shared only for educational purposes and should not be taken as a recommendation. Kindly trade as per your own analysis.
NSE:INFIBEAMLong
by chartistamey
4