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Amber Enterprises: Positional Play Complete AnalysisNSE:AMBER A complete analysis of Amber is explained on the chart. Entry should be above - 2100 closing on daily Candle. Stoploss - will be below Box low 1840. Target are :- 2550/2780+ It shows multiple signals can start an Up-trend are: 1. Price at 4-year long support Trend line (Trend is intact from its life low) 2. Fib Retracement at 0.618 Significant ratio. (Measured up trend from life low to life high) 3. Falling wedge pattern is formed at support and its breakout is also done with good momentum. 4. There is a Rectangle Box Base is Forming. ( The price should break above its horizontal resistance of 2095) this is only for educational purposes only. Always trade with stop-loss. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy Trading!
NSE:AMBERLong
by SANJAYPATIDAR_
19
HINDUSTAN UNILEVER BREAKS DOWN AFTER POOR EARNING RESULTSTECHNICAL ANALYSIS : ASCENDING RECTANGLE BREAKDOWN - Price has broken down from the ascending rectangle pattern with confirmation VOLUME SPIKE - On 21st july, price has shown huge volume spike with the breakdown indicating strong downward momentum 50D SMA BREAKDOWN - Price has broken out of the 50D sma after consolidating above it for a long time making it a very strong resistance zone STRONG SUPPORT-RESISTANCE ZONE BREAKDOWN - A very strong support-resistance zone level has been broken down by the price which had earlier acted as either strong support level or strong resistance level multiple times OVERSOLD RSI - Cherry on the cake is that rsi is oversold indicating very strong momentum behind the breakdown FUNDAMENTAL ANALYSIS : EARNING MISS - On the jun'23 quarter HUL has missed its revenue forecast by ~2.5% & profit forecast by ~4% indicating poor performance by the company STIFF COMPETITION - The regional players who had left the market during peak inflation have returned as inflation subsides indicating even higher competition for company MUTED DEMAND - Company has said that the demand in rural areas has not yet picked up and consumers are still preferring unbranded alternatives compared to its Tea brand TP - 2700 SL - 2560
NSE:HINDUNILVRShort
by peace_lover
IGL: Bullish Falling Wedge Pattern IGL has constructed a falling wedge on the 1-day chart in which it has made continuous lower lows and lower highs. The trend can change from bearish to bullish after the breakout of the resistance trendline. Buyers can expect a bullish move with the following targets: 483 & 504 . IGL Is Bearish below 458 . Buyers have to break and stay above 504 to increase demand pressure. Note: Do your own research / discuss it with your advisor
NSE:IGLLong
by Money_Dictators