1. Today we'll discuss another stock which is HATHWAY CABLE & DATACOM LTD
2. Today Date is 16-09-2021
3. Currently stock is trading at 24.50 which is shown in candle chart.
4. There is quick Technical Target 27.90 which is shown in image above, which is approximately 13.30% gain. Because stock is now trading in perfect range as per my analysis.
Price - 1694.45 Dt. - 16.09.2021
Stock is in range since May and stock is near the support line. RSI is showing strength and the moving average crossover will happen soon. Stock can move to 1800 in few days and if the volume is good it can break the level and start moving up.
The stock also made a Flag pattern on Weekly Chart.
1. Today we'll discuss another company which is NEWGEN SOFTWARE
2. Today Date is 08-09-2021.
3. Currently stock is trading at 595.45 which is shown in candle chart.
4. There is short term target which is 595.45 to 656 which is shown in image above, which is approximately 10% gain. Stock is trading in range.
5. How much time it takes to reach...
Bank nifty has been consolidating in a narrow range of 34093 to 36230 that is 6%, and if we look carefully there is a trendline from may 2020 which bank nifty respects and takes supports from, and in the past 10 days it has hit the upper poart of the channel that is 36230 on 7 occasions so we can expect a good move in bank nifty when it comes near to the trendline.
JUSTDIAL is stuck in a very narrow range, between 983 and 945. Generally when price moves out of the range, on which ever side it does, it travels further in that direction for about the width of the range. One can go long or short keeping the following levels in mind:
LONG ABOVE: 983
STOP LOSS: 945
SHORT BELOW: 945
STOP LOSS: 983
As Shown in the Chart Tcs is Trading in a Range
the UP move was started previously and now Heading towards a Resistance
Both the Breakout and Rejection Conditions are shown in the chart
I will keep Updating as the Stock Moves
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Weekly Range for Nifty is marked on the Charts.
Credit Spread Strategy can be deployed accordingly.
Disclaimer: All charts are for educational purpose. Please comsult your financial advisor before investing.
Had been waiting for this breakout
Price should hold above current support at smaller channel ceiling (confirmation)
SqzMom bullish and rising
Target 7035 - based off of the previous larger channel
SL - 6320 (smaller channel ceiling) on EOD basis
I'm expecting NIFTY50 to fall down up to the marked level in the intraday timeframe before further pullback towards 15900. Since sellers are in control in 15mins timeframe.
Can go for PUT option.
Intraday View !
A short term buy call for Hindalco.
Current market price in good demand zone and rejected lower trend line of channel.
MACD shows good crossover.
9/21 EMA crossover happens.
short term buy with a target of 470