PNB, Intraday View for 18-JuneDuring the convergence of bands the price has given the break of structure on the upper side. For tomorrow the intraday range on the upper side is 130 to 136 and on the down side is 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Priceaction
HGInfra-DO NOT MISS!HG Infra is a techno-fundamental pick shared from infra sector.
Stock is available at a PE of around 10 and ROE, ROCE>25%.
Sales growth in 5 years is above 27% which is phenomenal
Technical Logic: -Stock is retesting previous breakout. Currently, small rejection is seen from demand zone. If a good candle closes above 890, stock can start upward journey with levels mentioned in chart.
Keep in watchlist.
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Saregama-A breakout to have in watchlist!Saregama has been consolidating in an ascending triangle flag pattern since past 3 years after giving multibagger returns from 2020.
Stock is getting ready for a breakout. If stock gives weekly closing above 360, stock can move quickly towards 500 and them to 750.
Nifty media has been underperforming and this stock can fly once Media sector starts its bull run.
Uptrend Channel breakdown in OBEROIRLTYOBEROI REALTY LTD
Key highlights: 💡⚡
✅On 1 Hour Time Frame Stock Showing Breakdown of Uptrend Channel Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 1862-.
✅Can Go short in this stock by placing a stop loss above 1926+.
Reversal Bullish Flag pattern in NAUKRIINFO EDGE LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Reversal of Bullish Flag Pattern.
📈 It can give movement upto the Reversal Final target of Above 6365+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 7115+.
📈 Can Go Long in this stock by placing a stop loss Below 6040-.
Descending Channel pattern breakout in MFSLMAX FINANCIAL SERVICES LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Descending Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1080+.
✅Can Go Long in this Stock by placing a stop loss below 937-.
Falling Wedge pattern breakout in TATACHEMTATA CHEMICALS LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Falling Wedge Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1295+.
✅Can Go Long in this Stock by placing a stop loss below 1040-.
Reversal Rising Wedge Pattern in AUROPHARMAAUROBINDO PHARMA LTD
Key highlights: 💡⚡
📈 On 1 day Time Frame stock Showing Reversal of Rising wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 1186-.
📈 There have chances of breakdown of Support level too.
📈 After breakdown of Support level this stocks can gives strong downside rally upto below 1070-.
📈 Can Go short in this stocks by placing a stop loss Above 1316+.
Reversal Broadening Wedge pattern in SYNGENESYNGENE INTERNATIONAL LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 768+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 874+.
📈 Can Go Long in this stock by placing a stop loss Below 607-.
POLYMED, Hanging Man candlestick pattern formed on the Daily tfAfter a strong uptrend of 37%, now the price has formed a bearish pattern of Hanging Man near the swing high. But we need a confirmation candle to decide our trading levels.
The EMA bands are also indicating for a trend reversal.
Thanks
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 7-JuneThe price is rejected by the LTMA band.
The probability of a red candle is high, more than 60% on the probability scale.
The level of 120.75 is important to consider for tomorrow's intraday trade.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
ASHOKLEY chart looking bullishASHOKLEY cup and handle pattern breakout at lifetime high. Taking support at trendline price action looking bullish. Sustaining above previous lifetime high levels. Looking good for good upside. Disclaimer:- Not any recommendation and shared just as educational purpose. Consult your financial advisor. No one will be responsible for any profit or loss
Reversal Broadening Wedge pattern in LUPINLUPIN LTD
Key highlights: 💡⚡
📈 On 1 Day Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 1720+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1900+.
📈 Can Go Long in this stock by placing a stop loss Below 1465-.
BPCL, Technical OutlookThe price is strongly rejected by the LTMA band.
Also the formation of an Inverted Hammer Candle in the negative zone indicates a down move.
The price could test the levels of 565 and if broken then 535.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.