Short term trading opportunity in Proventus Agro for> 20% upsideHi,
NSE:PROV has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
PSU
PSU Bank Index -- Will it complete the flag pattern and Double ?CNX Bank Index is creating a flag and its at the bottom on the flag pattern, with RSI at 36. It also shows hidden bullish divergence on the daily chart!!
6670 is the base of the flag and it can achieve 11500-12300 levels once it 7600 levels.
Its a 2 years positional trade.
Weekly bullish flag BO in IRCTC with 20% upsideHi,
NSE:IRCTC has given a Bullish Flag Breakout on weekly charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
IRFC - Swing Trade Analysis - 6th July #stocksIRFC (1W TF) - Swing Trade Analysis given on 6th July, 2024
Pattern: CUP & HANDLE SETUP
- Weekly Resistance Trendline Breakout - Done ✓
- Strong Pullback candle with Volumes - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
Please Note:
- This is a re-entry setup analysis that we are getting into for a quick swing trade
- We had already achieved 30% in this trade from our previous analysis of IRFC in March 2024 & were stopped out with our TSL
- Just riding the trend of the Railways sector again
- Stop Loss is mandatory for the trade
* Disclaimer
PNB, Intraday View for 25-JuneToday we got the same move as we discussed on yesterday. Now the price has broken the support of 126 but we have a hammer candle. For tomorrow the volatility could be high.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
RVNL for Target 430 ( Potential upside for 25 to 30 %)Rail Vikas Nigam Limited ( RVNL) is an Indian central public sector enterprise which works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development.
Due to strong order book and good fundamentals i always add RVNL in my watchlist.
On quarterly result RVNL surprise the market estimates and after 8 to 9 weeks of consolidation stock is now again ready for another breakout.
CMP : 341
SL: 310
T1 : 400
T2 : 415
T3 : 430
Note :This is not a recommendation it is only for educational purpose.
Just comment stock name in comments i will analyse and post it
PNB, Intraday View for 20-JuneToday we have an indecisive candle in the positive zone. The probability of gap up or gap down is very high. But there is no change in the structure.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 19-JuneThere is no change in the structure and the price has failed to close above 130.
But the price is still in the positive zone.
For tomorrow the intraday range is 130 to 136 and 126 to 122.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 10-JuneThe price is trading in the compression zone or in the neutral zone.
For intraday the levels of S1-122 and R1-130 are important to watch.
Above 130 - Uptrend
Below 122 - Downtrend.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 6-JuneThere are two main levels to watch one is S1-120.75 and the other is R1-131.55
And today the price has managed to close above the S1.
Also keep in mind above 131.55 we will be in a positive trend and below this level we are in a negative zone.
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB, Intraday View for 3-JuneA bullish hammer candle has been formed and given the breakout of the compression zone.
Also the degree and nature of separation in both bands indicate the start of an uptrend but we need a confirmation candle.
CMP-129.45
R1-131.55
S1-123.50
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Short Term Trading Idea in NMDC Ltd for 15% UpsideHi,
NSE:NMDC has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Wiil this PSU stock breach it's Life high ?Hi,
I am here again, with a brilliant weekly flag breakout PSU stock and it is $NSE:ENGINERSIN.
It has given a clear breakout on weekly charts with very good volume. MACD is also on the bullish side on daily, weekly and monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. After considering all these facts, the conclusion is this that it is a successful breakout.
In the current market senario I am expecting that the bullish momentum will continue. Complete price projection mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: This idea is for Edcational purpose. Please consult your financial advisior beforre making any investment decision.
Weekly Bullish Flag Breakout in LICI with 30% upsideHi,
The Largest Life Insurer of country NSE:LICI LICI has given a Bullish Flag Breakout on weekly charts with very good volume.
MACD is also on the bullish side on daily time frame and expecting to turn positive on weekly time frame. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
INVERSE HEAD N SHOULDER IN NHPCNHPC Limited (National Hydroelectric Power Corporation) is an Indian public sector hydropower company that was incorporated in 1975 to plan, promote and organise an integrated and efficient development of hydroelectric power. Recently it has expanded to include other sources of energy like solar, geothermal, tidal, and wind.
In Past few weeks we see a good consolidation in stock and now NHPC is ready for breakouts.
CMP : 97.80
STOP LOSS : 95
1st Target : 105
2nd Target : 110
3rd Taget 120
Disclaimer : its not buy or sell recommendation
TREND CHANGED IN NMDC - FROM BUYING ON DIPS TO SELL ON RISE ?NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
This PSU stock has given great returns to investors as well as traders in last one year.
Although there exists so many positive talks about NMDC's volume growth, sales growth & capacity enhancement etc. which are fundamentally good but I think trend is changed in NMDC.
This stock was buy on dips since May-June 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise.
I will find opportunity to sell it on each rise until it breaks 235-240 level.
So, Is it still buy on dips or has become sell on rise?
Only time will tell!
P.S. : This stock is on my main watchlist for a short trade.
Is PNB on a new support line? Swing Trade opportunity!!!PNB is retesting the previous resistance level, if it sustains and marches upward it will become the support!!!
Good volumes.
Can enter at current market price.
Target - 55/60/70
SL - 35
Above 70 it will be a delight!!!
Need greater patience, since it is a PSU banking stock it will rise on a gradual basis!!!(Maybe more than 3 months)
Note: All levels are only for educational purpose.
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