HCL Tech Breakout setupIn today's trading session, HCL tech gave the breakout of the resistance line. We can see a consolidation before a breakout. it is a single that this breakout can sustain above the breakout zone. Let's see the game.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Positive
Deepak Nitrite showing continuous sign of uptrend.I have added all my observations in the chart.
H - High
L - Low
HH - Higher high
HL - Higher lows
briefing all the points,
Technically
Stock is not in overbought zone.
No signs of divergence with respect to prices with RSI graph
50EMA line just crossing 100EMA line
Stock making higher highs and higher lows
no bearish candlestick patter visible on daily chart
Stock seems to be in uptrend
Stock above 200DMA
Fundamentally
1. Stock showed increased operating profit from last 3 quaters.
2. No cons visible on screener site.
3. Increased Investments from DIIs for last 2 quaters
Summary
Stock seems like is in uptrend, with no negative indicator in sight.
NTPC BULLISHNTPC Closing 172.4 with stoploss 161 then targets are 183-190.
Buying Reason.
1 --> Price closing above 20,50 EMA.
2 --> RSI is ready Cross 60 Level.
3 --> ADX is showing the Bullish Move and +DMI is Rise.
4 --> Volume is also showing the Breakout Volume and Cross the Average Volume.
5 --> Also Bollinger Bands are Open is Positive side.
Market analysisFrom option chain data we can see
Almost ~65 lakhs contrancts were sold in put side as on 27/12/2021 between 34500-35000
So this range is a great support and market will not break this so easily.
Whereas,
If we see at call side between 35000-35500 almost ~60 lakhs contrancts were sold so this range will be the resistance level for this last exipry of banknifty and market will be bullish if it gives closing above 35500 as i refered in my banknifty analysis post then market will be positive in new year.
Bull rally expected tomorrowAfter many consicutive days of bear rally market is sustaining between 34000 to 35000 from 1 week and this week very important for market if this week market gives closing above in 35500 then we will see a great up/bull rally in market.
If market gives closing above 35110 which is given in image then then,
targets for 28/12/2021 is given below
Target 1- 35280
Target 2- ~35500
REDINGTON LOOKS STRONG AFTER GOOD YoY resultREDINGTON after announcing good YoY result yesterday opened with a gap up and is trading above all R3 (Fibonacci).
it has entered into a pervious channel that i had marked before the Small-Cap fall that happened on Wednesday.
today it took support at the lower green support line and moved back up.
also DAILY Heikin Ashi shows strength.
keep an eye out for a breakout above the red line, or a break-down below the green line.
CHENNPETRO : Read for BOCHENNPETRO
> Daily Chart
> If open and sustain above 127.75 by Monday.
> Good Volume
> Reversinge from low level
> Promotorr holding 67.29, DII increased holding from 4.91 to 6.55 (Mar21)
> CMP 127.45. Good to enter till 124 during.
> Suport 114 on closing basis
> May go 164
Dtd : 23rd May TheCharts
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
SWARAJENG : Best compnay to invest for 6 monthFor Education only
SWARAJENG
CMP -1550
Swaraj Engines belongs to Mahindra Group.
Last 3 quarters result were fabulous
Debt Free : Near BO
Dtd 16th May
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
ITC CHART MAKING A GOOD POSITIVE PARTTERNITC IS BEST IN FMGC SECTOR
AS PER MY OBSERVATION ITC CHART IS MAKING A POLE AND FLAG PARTTERN
WHICH IS A VERY GOOD UPSIDE SIGNAL FOR TARGET OF 230 240
HOW EVER ITS A GOOD COMPANY TO KEEP IN LONG TERM PORTFOLIO
MY SHORT TERM TARGET 230 240
LONG TERM TARGET 300 (MARCH2021)
STOP LOSS 207 .
FIRST STUDY THEN INVEST.
HAPPY TRADING. :)
TATA MOTORS is going to be a Positive stock (Thursday)Keep a watch in the movement and buy only when you see a bullish momentum candle.
Logic :
1. It is at the all time support zone .
2. Closing happened with a green candle and a long wick in the downside.
3. It is in oversold zone in RSI (<30).
Setup :
1. 15mins Chart Time.
2. Target : 108 (Next resistance)
3. Stoploss : 104 (Little lower than the previous high candle)
4. Risk : Reward is 1.52
Essel Pack Bullish Bias Target 260Bullish Bias
RSI Divergence
Looks Positive
Can be Bought at CMP levels
Immediate target 260/265 Previous Gap may act as resistance
Stop loss 220/215
clear view on SBI , break out time. it is a time to break out .
if a day closing is above 201 points, then definitely it is a chance to by and watch the positive rally
strong resistance is 201 points.
time to add further more shares to portfolio.
time of bulls. sit and enjoy the ride. .
Disclaimer note: only for study and analysis purpose.