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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
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. Do follow me if you like my analysis for more such ideas:)
NSE:HGINFRALong
by chartistamey