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BULLISH on Deepak Nitrite (Positional)NSE:DEEPAKNTR According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum. SL : 1948.20 Target 1 : 2456.40 Target 2 : 2625.80 Disclaimer : This is my views and analysis, it is only for educational purposes. It is not a recommendation, call or a tip.
NSE:DEEPAKNTRLong
by Kunal-Battu
poly plex corporation Greeting for Seasons !! Polyplex different entry leval market with short term and ultra short term 2 different sl/support Leval why this ? because i seen polyplex structure is bullish there were good volume too as of now but overall broader market trend is in under pressure and global news events of corona and lockdown too going on in this situation one should always be alert on choosing entry and risk management will suggest to add as of now 25% qty and more 30% qty add after breakout rest 50 % qty buy once this breakout re tested and follow up happen ( why retest ..because when broader market under pressure there were natural false breakout to be happen) happy trading Regards, Hitesh K.
NSE:POLYPLEXLong
by HITTESHKOTHARI
Head and shoulder bottom Stock is falling since 2018 jan 15, and has started to accumulate after making a low 259.55 from then onwards price tried to breakabove but failed two times. But the latest weekly candle has broken above the trendline as well as 200 period of SMA. The current candle formed has bullishness, i.e. the range of the body of the candle is big with no selling pressure from above, volume is above 20 day average. Doing all this a complex inverted head and shoulder pattern has formed. Looking at the onbalance volume there is also a breakout of all time high. RSI is above 60 also the trend is broken. Entry can be done above 612, the high of breakout candle. According to pattern, the stop loss will be the low of right shoulder and pattern target is 895 with a holding period of 3-6 months.
NSE:SUNTVLong
by anuragsahu614
Simple Positional Long/Buy trade setup | CDSL | Short-Mid TermNSE:CDSL Observations: 1) On daily time frame, we can see 50DMA is working as support. In last session, It took support from it closed with bullish candle. So Major support range is 1290-1300 level. Please refer below chart : 1day Time Frame. 2) Also on daily time frame, we can see that it is taking support from major support trendline. And also it has formed symmetrical triangle pattern. If it breakout upward then it will be bullish. If it gives breakdown of support trendline then it will be bearish. Please refer below chart : 1day Time Frame. ------------------------------------- In this stock it is better to take positional trade. Below is the levels and setup for only long positional trade setup. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL.
NSE:CDSLLong
by Trading_hawk
2
MULTI YEAR BREAKOUTTATA Power is trading at its all time high, Same as the Energy sector which is stronger than other indices. this stocks has given a breakout from a very old resistance of year 2008. During the uptrend, volume has been building up since april 2020. In the weekly chart, breakout candle is very strong so for the entry trade can be taken at current levels with a SL of 135 (130 for a safer side)and expecting a target of 250, if price gives any retracement near 145 to 150 more quantity can be added. Since we are analyzing this stock on the weekly chart min time span for the target is 3 to 6 months.
NSE:TATAPOWERLong
by anuragsahu614
First Source Solution : A hidden gemFundamental Aspect: First Source Solution is an IT company and has a decent market cap. The stock has been witnessing a huge volume since June. Just compare the size of red vol candles vs the green vol candles. FII's increased their shareholding in June quarter and promoter pledging is zero. The debt to equity ratio is low. Also, the result season is around the corner and going by the previous quarters sales record the company is expected to do well. Technical Aspect: The stock is in momentum and after a sharp upside rally made a 28% correction from the high. It now seems to be ready for the next leg. Hovering at a crucial point, a sustainable break above this level would lead the stock towards next rally. It is a positional bet. Like I always say, read out the description to learn and not just to follow it blindly. Just look at the pointers mentioned while analysing this stock and start thinking on similar terms:) Trust me, this is the best way to learn. The plan is to make everybody independent and not dependent:)
NSE:FSLLong
by Ankit_Oberoi
1
SAGAR CEMENT looks good PositionallyChart Structure: - Price broke out of a Darvas Box Consolidation on May Mid. - After little consolidation, it again went up to All-Time-High range & consolidated again for a bit. - Price broke an All-time-high and rallied again. - Since Darvas Breakout, the stock rallied around 88% - Post Rally, the stock has been consolidating again and took a 14% breather only. Sectoral Performance: - CNXINFRA has been outperforming Nifty in 1Y, 6M, 3M & 1M timeframes. - In all the above timeframes, the stock is outperforming its Sector as well as Nifty50. - The S&P Reality Index has broken out of its Range on 22nd September and rallying up along with the stocks. - The current push in the Realty sector will also bring Sectoral Tailwinds for the stock. Relative Strength: - After becoming RS+ on 10th June (with the new ARS Date) the relative strength has significantly improved. - The outperformance went up to 11th August, till the stock rallied and came down a bit. - During the consolidation phase, the spread performance came down under 50MA. - Yesterday, the spread value has crossed 21-MA, and again will try to cross over 50-spread MA. - Public & Pro values have also seen positive crossover on 17th September. Volume & Deliveries: - Huge Accumulation was done on 15th & 16th June with 4.79 lac shares delivered (2.39 lac/day) while Avg. before was 17.2k shares per day. - The POC of Rally between 20th July to 4th Aug is around Rs. 272/- - Post Rally, 12.56 lac shares delivered with Avg. 2.51 lac shares per day just before dry volume consolidation. - Between 20th July & 25th August for 24 sessions, the Last 30 minutes Volumes had significantly increased compared to other days. (This suggest Big Hands Buying) - During consolidation the price tried to breach POC levels of 272/- 5 times, but every time good buying (Session) volume was witnessed, keeping the price above POC. - Link for Volume Study - Financial Performance: - June Quarterly numbers were mostly flat with a slight decline in Sales. - Sales Growth - QoQ: -6% / YoY: 49% - PBT Growth - QoQ: 3% / YoY: 40% - PAT Growth - QoQ: 2% / YoY: 42% Consolidation Behaviour: - From 24th August, the stock price is consolidating on a thin Range of 9.5% between 266.10 & 295.00 in 22 sessions. - Price has been consolidating now above 50-MA for the last 10 sessions. - This consolidation has seen 7 Blast-off Candles in Day TF & 2 Weekly Blast-off Candles. - This behavior of Blast-offs has been seen 3 times during consolidation before 25%, 30% & 37% up move. - The 21-day Average of Absolute value (Open-Close) during consolidation is Positive (43.70) - The 14-day Average of Absolute value (Open-Close) during consolidation is also Positive (25.35) - Both Absolute Value Averages suggest buyers are having the upper hand during the consolidation. A good stock to study further & keep an eye upon.
NSE:SAGCEMLong
by AmanSaraf
1