BankNifty is trading within a range (46600 in the upper side and 46300 in the downside), so there is no scope for option buyers within this range (option sellers can deploy non-directional strategies as long as market stays within this range); they should wait for range shift for a directional trade. Traders should be conservative in their position sizes if there...
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Like always the chart should tell you everything you need to know about Motherson. Now for the readers, here are some pointers: - The price broke a structure in June to rally about 20% - Currently, it is at a very crucial point. The previous strong support is now acting as a strong resistance. - The 100 rupee mark is also a strong psychological resistance for...
#JBCHEPHARM (1D TF) Swing Trade Analysis given on 24th December, 2023 Pattern: NECKLINE BREAKOUT - Volume Spike at Resistance - Done ✓ - Retracement & Consolidation - In Progress Note: There is a Resistance at the Top of the Ascending Channel #stocks #swingtrade #chartanalysis #traderyte
WIPRO (1W TF) Swing Trade Analysis given on 23rd December, 2023 (Saturday) Pattern: RECTANGLE BOX BREAKOUT - Breakout of Resistance - Done ✓ - Volume Spike near Breakout - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #wipro
#NiftyIT Sector Analysis (1W TF) Pattern: TRENDLINE BREAKOUT - Breakout of Resistance - Done ✓ - Major Resistance Breakout - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Birla Corp , a key player in the cement industry, signals a compelling swing buying opportunity driven by strong technical indicators. Reasons are listed below : After multiple tests, a robust breakout above the 1600 zone signifies a significant shift in market sentiment. The breach of a consolidation area spanning over two years indicates a decisive move in...
- Is Granules India our next PFC contender? - Similar move, pattern, and good strength observed. - It's worth considering a speculative move. - However, we must not risk everything. - Our course of action: 1. Granules India's current market price is around 476. 2. We will Wait for today's closing, which should be above 474 to meet our bullish trade...
Dynamatic Technology is given breakout of inverse Head & Shoulder pattern. It may test 7800 target in 3-6 months as per chart analysis.
#APOLLOHOSP (1D TF) Swing Trade Analysis given on 27th December, 2023 Pattern: RECTANGLE BOX BREAKOUT - Volume Spike Buildup - Done ✓ - Breakout of Resistance - In Progress - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte
Sonacoms has been consolidating since past 1 year. This is a pre breakout idea, hence risk is more. 480-500 is a strong demand zone from which stock has recently showed a big rejection. Levels mentioned in the chart. Good stock for EV theme investors as it is a stock from auto ancillary sector. Keep in watchlist.
Welspun Living , a company engaged in the home textiles and furnishings sector, presents a potential swing buying opportunity based on several technical factors. Reasons are listed below : The repeated testing of the 155-165 zone suggests the establishment of a robust support/resistance level. A potential breakout from this range could signify a notable market...
Classical BO failure example. The stock broke out a inverted H&S pattern and now coming to retest the same pattern BO levels. Retracing to a round level of 600 which will be the exit levels for BO buyers. Good for long term here. It MAY bounce back from this level. Entry: 580-595 SL: 500 Target: 740 Disclaimer: Not a buy or sell recommendation. Please consult...
BIKAJI is poised for its next upward move, presenting a potential upside of approximately 23%. The stock has maintained a trading channel for the past 2 years. This is an opportune moment to consider entry due to the following factors: 1. The Risk:Reward ratio appears favorable, with a stop loss (SL) potential below the channel. 2. Last week's candle exhibits a...
In SBI CARDS, 650-700 is a huge demand zone in weekly timeframe. This is the level of value buying for big institutions. SBI CARDS will change it's weekly structure above 800 which can be considered as a safe entry point for conservative investors. For aggressive buying, we need to look for structure change in a shorter timeframe, may be hourly. Targets for mid to...
Sapphire foods has been consolidating in a beautiful ascending triangle pattern. Currently, stock is near suppl zone, hence only risky investors should be interested If the stock gives monthly closing above 1500 with good volumes, we can see a big move in this stock. Keep in watchlist!
Castrol is a safe stock which has shown an amazing trendline breakout. Stock provides a good dividend yield as well. If trend continues in upward direction, stock can test ATH and make new highs in medium term. Keep in watchlist. Levels mentioned on chart.
JK Lakshmi Cement , a key player in the cement industry, is currently exhibiting compelling signals that shouldn't be overlooked. In conclusion, stock's technical landscape is painting a promising picture for prospective investors. Reasons are listed below : The stock has undergone multiple tests at the critical 890 levels, showcasing resilience and now...