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MOTHERSON: Interesting SetupLike 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 companies like Motherson - The price is now consolidating at the resistance zone which is a good sign. - The bodies have gotten smaller showing indecision. - The long upper wicks show the presence of sellers. - A strong high-volume break and sustenance above the zone will be crucial. - We then have an ATH zone sitting right at the top. We will keep updating the comments for every unfolding price action. You may follow us for regular updates. Have Requests, Questions, or Suggestions? DM us or comment below.👇 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:MOTHERSON
by TheChartereds
5
MapMyIndia-A multibagger stock for a swing tradeMapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price. If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart. A very good investment stock as well since the company provides API solutions as a cheaper alternative to google maps. Just a personal opinion shared for educational purposes.
NSE:MAPMYINDIALong
by chartistamey
2
AngelOne Trend support and RetracementAngel one is showing support on its Major trend line. Chart shown short term retracement at 0.5 level thrice, its not a good sign to check support for third time with lower lows. But It gets major support at its trend line. There might be an Entry option if chart break the chart resistance with decent volume. Disclaimer: The information provided here is for educational purposes only and does not constitute financial advice. Trading stocks, real estate, or other investments involves risk and may not be suitable for all investors. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
NSE:ANGELONELong
by karankumar1609
1
SWING IDEA - RAIN INDUSTRIESRain Industries has emerged as an intriguing prospect, presenting a compelling case for a potential upswing. Reasons are listed below : Rain Industries has established a sturdy support base at the 145 level, providing a solid foundation for potential upward movement. The weekly timeframe reveals a bullish engulfing candle, signaling a potential shift in sentiment and setting the stage for a positive trend reversal. A bullish marubozu candle on the daily chart further strengthens the bullish case, indicating strong buying interest and potential momentum in the short term. The stock is bouncing back from the golden Fibonacci zone, adding a technical aspect to the trade setup and reinforcing the probability of a favorable price movement. The uptick in trading volumes is a positive indicator, suggesting growing market interest and participation in Rain Industries. Despite highs shifting down, the absence of new lows is a noteworthy observation, hinting at a potential reversal and the resilience of the stock in the face of downward pressure. Target - 184 // 206 // 253 StopLoss - weekly close below 145
NSE:RAINLong
by Visionary_Growth_Insights