Nifty was moving in a parallel channel for almost 6 months, last week it tested the bottom channel as well it tested and broke out on the upper level channel on a daily chart.
In 30 mins chart Nifty has created a 1200 points Flag pattern and has also given a strong break out as well!! Accorinding to the flag pattern Nifty can hit 24K level soon !
MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation.
Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc.
Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment...
IOC
Rally - Base - Rally price action
1.First Rally, then forming Base (Consolidation) & then again expected Rally after break out of the line of least resistance.
2. Close above previous day High(172.6)
3. Close above last week High(173.7)
4. High increase in 1 month (+5.4%)
5. High increase in 3 month (+20.5%)
6. High increase in 6 month (+103.4%)
7....
Metal sector: Nifty metals has not shown much rally but as per time cycle this sector seems to be ready to fly in next few days/weeks. My Preferred picks are: Jsw steel, Nalco, jspl.
Cyient LTD
Cup and Handle Pattern
After breakout of the Neckline, Retesting happened.
Now it's ready for the rally
Tgt 1 : 2278±
Tgt 2 : 2600±
Shared it for EDUCATIONAL PURPOSE. DO YOUR ANALYSIS FROM YOUR SIDE ALSO.
Attached: Nifty Pharma Daily Chart as of 26th June 2023
- Today Price has triggered another Breakout closing above the Green Trendline and thus activating a Fresh Up Leg for the Pharma Sector and Stocks alike
- This is the 2nd Breakout Trigger (marked by arrow) and the 1st Breakout Trigger was the activation of the Cup & Handle Pattern for which Price is yet to...
Previous Close: ₹631.05
Buy at: ₹633
1st Target Price: ₹638
2nd Target Price: ₹647
3rd Target Price: 657
Stop-Loss: ₹ 624
Duration: 1 - 2 weeks
Not guaranteed as the stock market is subjected to market risks. These calls are based on my own research and are meant for paper trading. Please do your own research if you are interested in investing or trading in the...
The most recent bounce is not an impulsive move so maybe it is an x wave and that means one more a-b-c down can follow and waves a and b are already done. Next week should see wave c complete into the year-end. but will it make new lows? The Nifty Elliott wave update with weekly charts and wave counts is already online on indiacharts.com, enjoy my Truth about the Markets
NSE:WELSPUNIND
Multi-Year Breakout above 5 Year Resistance of 89
Huge Gap in Weekly Charts filled after 5 years and 3rd Breakout Attempt
Short Term Tgt : 103 - 113 - 121
Time Frame : 1- 3 Months
Long Term Tgt : 160
Time Frame : 3 - 12 Months
R:R - 1:5
SL : 76
Golden Cross Over & +ve RSI Divergence
NSE:MCX Swing Trade
Current Price : 1713
This Script perfect support on its trendline
I expect it will bounce back from its support line and try to brake the triangle formation
Target : 1880+
Stop loss : 1678
This is only for education purpose.
Follow for more update.
As you can see in the chart after a strong bullish now stock is in the correction mode,
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So for tomorrow, if COFORGE go above 5524, then you can go long on this trade.
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If Stock goes below 5404, then we can short this trade.
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What's your view on this comment below in the box.
