Burger King ready for a bull runBurger king is consolidating for a time and has also formed a double bottom. Chart pattern and MACD single are showing some trend reversal sign means single for a bull run.
Buying zone - 130 or below
Targets - 150 ,170, 170+
FAQ
- What are Double top and double bottom?
Answer - Double top and double bottom are reversal chart patterns observed in the technical analysis of financial trading markets of stocks, commodities, currencies, and other assets.
Pradumnasaraf
Bird's-eye view on TATA Motors 🚀In recent years TATA Motors has given a negative return and it is one of the most underperforming stock in the NIFTY.
But after having a long time frame view and recent parallel channel breakout with an immense amount of volume (in Billions) that has never seen before, the stock seems too promising.
So, there is a very good buying opportunity in long and as well as F/O trading perspective.
Major/Longtime resistance - 300
Buying level - current levels or 300+
Targets - 330, 330+
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
Triangle formation in IPCA LabsAfter immense selling pressure and lots of accumulation, IPCA lab is ready for a Bull run. It has formed a triangle breakout pattern on 30 min time frame and +.
Buying Area - 2200 And below
Target - 2400, 2400+
Checkpoint - Selling Zone/Reversal zone
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
Mindtree ready to blast offMindtree is trading near its previous resistance (1600), as the market is hitting a new high and near (ATH), there is a good probability of another breakout (Upside) in Mindtree targeting 1700 levels.
Buying zone - 1520 -1600
Target - 1700, 1700+
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
A Perfect example of "Bearish Engulfing" (Dixon)Dixon has seen a massive uptrend and also in the upper band of RSi (80) and also formed bearish engulfing, so in short term, we can see a good correction.
What is bearish engulfing?
- A is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
Is maket over extended (NIFTY 50) ??We have seen in the past, whenever the nifty has come near or touched the RSI upper band (80), the market has seen a sharp correction. From the past few days, Nifty 50 is making new highs and putting the market in an overextended zone. So there is a good possibility we can see some good corrections.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
Reliance Formed "Symmetrical Triangle"Reliance formed a symmetrical triangle in the higher time frame. In the long term, the stock has consolidated a lot and there Are good chances we can see some big moves.
Buy above - 2050 - Target - 2180 , 2280 , 2300+
Sell Below - 1930, Target - 1830 (This is short term selling, that's why I haven't mentioned "Sell" in the chart)
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
Will Reliance retests 1600 levels?As the markets are making new highs, Reliance is still struggling to position itself. In fact, it is breaking down. Previously Reliance has shown reversal near 1800 and again it's trading near that level, do this time it will reverse or will retest 1600?
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk
Nifty & Bank Nifty side by side comparison Today NIfty hits ATH but for Bank Nifty, It's a still long way to go ( 7% + from its ATH), although Bank Nifty broke parallel channel on the day frame chart.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk
Reliance broke major Trendline( Bull Trap?? ) As shown in the graph, Reliance was taking major support at Trendline AB, but today that line got breached. So the Real thing that, it's a Bull Trap or some good correction is near.
So the reason why I think its a Bull Trap- (Just my thought)
1) No negativity around it
2) Stock already corrected and consolidated a lot
3) Earning is near
4) Big player breaking down it for dip-buying.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk &
Journey of SBI Cards, "(Breakout + Consolidation) Format"(Breakout+ Consolidation) became a general trend for NSE:SBICARD . In recent terms, the stock has consolidated a lot and has formed a parallel channel taking support at (800) and resistance at (870) . So breakout is possible
Support- 800
Resistance - 870
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
Is Indian I.T sector rally over? " Shooting Star Pattern" According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern).
Here, by Nifty I.T analysis I am referring to I.T stocks
Eg: NSE:TECHM , NSE:TCS
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
Adani Enterprises "Breakout from It's parallel channel"As I talk about key resistance in my last analysis, the stock today has breached that resistance, and chances are it will build more onto that. Alongside on day chart volume also looks also convincing.
Buying Level - 300 or CMP
Target - 320 (previous High)
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
Happiest Mind - "Breakout or breakdown"It's a recently listed stock and forming some sort of support near (300). It has accumulated a lot. For long position entry, enter after triangle pattern breakout, and for shorts position, enter after it breaches All Time Low (ATL).
Entry :-
Long - After the triangle breakout
Short - After it breaches ATL (All Time Low)
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
ADANI ENTERPRISES "Parallel Channel" FormationAdani Enterprises Has Formed A "Parallel Channel" Pattern By Taking Support At (270) And Resistance At (305). It Has Also Shown A Intense Pullback When It Retested Its Support.
Support - 305
Resistance - 270
Checkpoint/STT - 305 ("Checkpoint" Are Those Areas, Where Trend Reversal Is Possible.
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
JINDAL STEEL - "Congestion Zone"After Jindal Break Down Intensly, It Has Entered Into A Some Type Of Congestion Zone And At The Same Time It Has Shown Some Reversal In 1 Day Time Frame.
Congestion Zone Range - 160 - 175
Buy Above - 175
Sell Below -160
Short Term Target - 200
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
M&M - "Parallel Channel Formation"Parallel Channel Formation In M&M, Look Good For Buying And Selling After Support And Resistance Is Taken Away .
Buy After - 655
Sell Below - 595
Median Support - 630
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
ASIAN PAINT Tarde Setup""This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will"".
Stock Has Recently Breakout From It's Long Term Range And Chances Are, We Can See Follow Through. Stock can Correct Till "Main Support" Or May Reverse From Short Term Support.
Short Term Support - (1950)
Main Support - (1880)
Target - (2200)
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VODAFONE Trade Setup This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
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See Description For Further Details
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Stock Has A Breakdown And Consolidating Down From A Quite Long Time. Stock Recently Has Shown Some Breakout And We Can See Follow Though.
Buy Above (Current Resistance) -12.05, Target - 17.55
Give It A Thumbs Up If You Agree, Comment And Share Your Though, Always Good To Hear That. HAPPY TRADING!!! .