Uptrend Channel Pattern Reversal in BIOCONBIOCON LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Uptrend Channel Pattern .
📊 It can give movement upto the Reversal target of Above 280 +.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 310+.
📊 Can Go Short in this stock by placing stop loss below 240- or last swing Low.
Priceaction
[INTRADAY] #BANKNIFTY PE & CE Levels(24/08/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
Triangle pattern breakout in Havells HAVELLS
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of triangle Pattern .
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1435+.
✅Can Go short in this stock by placing a stop loss below 1295-.
Double Bottom pattern breakout in LAURUSLABSLAURUS LABS
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Double Bottom Pattern.
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 410+.
✅Can Go Long in this stock by placing a stop loss below 390-.
#NIFTY Intraday Support and Resistance Levels - 23/08/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19400 level and then possible upside rally up to 19520 in today's session. in case nifty trades below 19380 level then the downside target can go up to the 19260 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/08/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. Any Major downside only expected in case banknifty starts trading below 43950 level. & this rally can extend 400 points if market gives breakdown of 43450 level.
BPCL Swing TradeBCPL has broken below the support zone, which has been tested multiple times in the past. This presents a good opportunity for a small swing trade.
Entry:
To take advantage of this situation, we can initiate a short position as soon as the next candle opens.
Stoploss:
For risk management, it's wise to set the stoploss just above the support level, with a little buffer added.
Target:
Our target for this trade can be set near the next support level, as indicated on the chart.
Thank you, Please like and follow me.
Ascending Triangle pattern breakout in LTTSL & T TECHNOLOGY SERV
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Ascending triangle Pattern .
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 4500+.
✅Can Go short in this stock by placing a stop loss below 4260-.
Amara Raja Batteries, at right spotAmara Raja Batteries is in a good position. Think about holding it for the long term or a shorter swing trade. It's a strong stock with a forward-thinking business.
KCP SUGAR Strong Breakout Pick!KCP SUGAR is like a star on the rise in the stock market. It's breaking through barriers, and this is getting a lot of attention from smart investors and traders. This could be a sign that the company is getting stronger and might be a good chance to make some money by investing in it. Just like when a team starts doing really well in a game, KCP SUGAR's success could mean success for your money too!
#NIFTY50 - Analysis for 16th August, 2023 ©Hello Pivster's ★
•As we saw Nifty50's initiative sellers applying an emergency brakes as soon as the Adani-SEBI verdict got postpone.
•But, do you see a beautiful ' double bottom ' (M-pattern) been formed and completed it's target in confluence to a major support 19300.
⇲ My Pivot Auction Chart is posted below for reference:
Now that we have a general overview in place let's see what is the anticipation for tomorrow's market movement ↓
⌖ In case of a GAP-UP:
␥ CASE -1:
IF we see a gap-up opening above or near PDH then a reversal for the Bullish GPZ magnet can come and then-on the situation is to be monitor'ed.
␥ CASE -2:
IF we see a gap-up opening in between PDH and PDC then the movement can be slow towards the DH3 cam level which also has WH3 responsive sellers waiting there for a quick down push towards PDC and if it is protected then it can shoot-up to trap the weekly sellers.
⌖ In case of a GAP-DOWN:
␥ CASE -1:
IF we open gap-down near to the bottom of the GPZ or below the GPZ then the broader sellers in the ongoing trend might trap the buyers near a bounce to Daily Pivot and aggressive selling can be seen once the previous session buyers are trapped and a cartel of different TF sellers would be active and bash the index like Newton's Apple towards the major support level 19300.
␥ CASE -2:
IF we see a gap-down opening near or below the Daily Pivot or L3 cam level then we can see a bounce from yesterday's weekly responsive buyers protecting the GPZ and once the GPZ is taken out we would see further momentum by these participants getting joined in by daily responsive buyers too
So, I wish you are equipped with all the needed information for the coming trading session and i wish a bucket full of profits for everyone 🥂
Lastly, if you liked it and found useful share it everywhere with your fellow-traders/friends/family etc... 🫶
Regards,
Mukkull
Don't let NEULAND get Out of Hand !!!-Annual Revenue rose 26%, in the last year to Rs 1,200 Crores. Its sector's average revenue growth for the last fiscal year was 8.4%.
-Annual Net Profit rose 156.2% in the last year to Rs 163.5 Crores. Its sector's average net profit growth for the last fiscal year was 1.3%
-Price to Earning Ratio is 24.9, lower than its sector PE ratio of 42.6.
-FII/FPI have increased holdings from 18.14% to 20.19% in Jun 2023 qtr.
-Mutual Funds have increased holdings from 0.99% to 1.57% in Jun 2023 qtr.
Neuland Laboratories is engaged in manufacturing and selling of bulk drugs and caters to both domestic and international markets.
Their products are exported to more than 35 countries including Germany, Italy, Switzerland, the UK and the Netherlands.
AMBER AMBER :- The stock has given a breakout after 1 year, if the breakout sustains, we may see an upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BAJAJCONBAJAJCON:- Stock Consolidation since last 5 months, ready to breakout. keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
PNCINFRAPNCINFRA:- Stock is moving in parallel channel, about to give breakout, keep your eye on alert
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
MPHASISMPHASIS:- The stock is moving under the Darvas box, if we get an upside breakout, we may see upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.