Rectangle
NIFTYNIFTY
Daily chart analysis
Nifty breaking down the rangebound movement on daily time frame
Overall nifty is being in downtrend on daily charts
May some ups and down in Nifty next week as budget may affect the volatility
This chart is only for educational purpose. Please do contact your financial advisor before taking any trades
JSW Steel Cmp 721 dated 27-1-2023 HAMMER @ SUPPORTJSW Steel Cmp 721 dated 27-1-2023
1. Hammer Candle @ Support
2. Good RRR
Buy above 730 for target 745-760-775 SL 710
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
BANK NIFTY CHART ANALYSIS // BIGGEST MONTH END EXPIRYBank Nifty form Rectangle Chart Pattern and after creating 42700 Resistance or 41800 Major Support
Its go up through creating trendline support and Giving GapUp beyond 42700 Hold 2 Sessions on Upper level with breakking out Trendline…..
If Tomorrow which is Month End Expiry HOLD 42700 levels AtLeast 15Candle on upper levels we can se Up Rally or if it BreakDown his Major Resistance of 42700 Levels Down we can See Again 41800Levels Tomorrow….!!!!!
UpSide Target 43400
DownSide Target 41800
Analysis of Sat Industries LtdNSE:SATINDLTD
SAT is engage in many business manufacturing, education, leasing, finance, investments, domestic trading, import & export.
Fundamental Analysis
Leading exporters of FIBCs, PP Bags, fabrics and Box bags with exports spread across 28 countries , including USA, Italy, France, Portugal, Greece and UAE.
Company's 3 YEARS OR 5 YEARS Sales 15.4% OR 28.3% ,
Debt/Equity Ratio -0.4% ,
Debt/EBITDA - 1.5% ,
Interest coverage ratio - 7.4 Time ,
Inventory days & Receivable days are higher than 5 year's back.
From 2018 ROCE is getting better ~ 22%
From 2018 ROE is getting better ~ 18%
Technical Analysis
On the charts the stock breakout strongly Rectangle pattern. With good volumes. Now making you all time highs.
User’s of this server are expected not to misread it directly or indirectly as any buy/sell recommendations. We are not SEBI Registered Investment Advisor & Research Analyst. Do Consult your financial advisor before taking any trading or investing decisions.
Please consider the Risk involved in equity markets. We do not take any responsibility for your profit or loss.
Bank nifty 42821 dated 23-1-2023 15 min Intraday levelsBank nifty 42821 dated 23-1-2023
15 min time frame INTRDAY LEVELS
Trend is bullish as we are able to close above 42710
Buy above 42885 for tgt 42950-43010-43130-43300 SL 42700
Sell below 42700 for target 42600-42500-42380 SL 42900
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Bank Nifty Cmp 42507 dated 20-1-2023Bank Nifty Cmp 42507 dated 20-1-2023
Positional :
1. Rectangle formation BO @ 42710
2. RSI Divergence.
Buy above 42710 for target 42910-43150-43305-
43580-44150 SL 41700
Sell Below 41800 for target 41520-41250-
41100-40850 SL 42500
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
#ENGINERSIN BO with VolumeWTF:-
Stock was in Stage 4, formed a base Stage 1, BO out of resistance after a small consolidation.
Price is above the 200 EMA WTF with increase in volume. RS Line making 52w High
Can be a start of a fresh Stage 2 (Growth).
DTF:-
Price is in a UP trend formed a Cup and Handle Patter at WTF RT and BO with volume spikes
RS Line making 52w High
Breakout in RATEGAIN TRAVEL!!RateGain travel tech ltd was in the Rectangle zone in the daily chart from May 2022
The Breakout Candle volume is 2.194M
Wait for the next day's candle to take support, then it's a good opportunity to take a position in this trade. I will share the Target and Stoploss after.
Breakout in Aries Agro1. Price has give breakout from the long consolidation on Weekly charts.
2. MACD line is above ZERO indicating uptrend.
3. Momentum has picked up.
4. Volume spike gives further conformation.
5. Entry should be made on retesting of the breakout level using Daily time frame.
6. Target equals the length of trend starting from the base till start of Rectangle project upward from the breakout level.
Double Bottom(W) Breakout at ENGINERSINDouble Bottom (W) #Breakout at #ENGINERSIN (Engineers India Ltd) Weekly Chart. It #Outperformed the #Nifty.
What Is a Double Bottom?
A #doublebottom #pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
KEY TAKEAWAYS -
The double bottom looks like the letter "W". The twice-touched low is considered a support level.
The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase.
The double bottom pattern always follows a major or minor downtrend in a particular security, and signals the reversal and the beginning of a potential uptrend.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (TRUST YOURSELF)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
BPCL cmp 327 dated 29-12-2022 BPCL cmp 327 dated 29-12-2022
Swing Trade
1. Small Consolidation BO above 329
2. RSI divergence
Buy above 329 for target 335-340-345-350
SL 322
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Shree Cement Cmp 23271 dated 23-12-2022 Rectangle breakdownShree Cement Cmp 23271 dated 23-12-2022
1. Rectangle Consolidation breakdown below
23200.
Sell below 23200 for target 23000-22800-22500-
22300-21900 SL 23750
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Asian Paints Cmp 3112 dated 27-12-2022 Rectangle BOAsian Paints Cmp 3112 dated 27-12-2022
1. Rectangle Consolidation BO above 3120
2. RSI Divergence
Buy above 3120 for target 3165-3200-3240
SL 3050
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Jindal Steel Cmp 576 dated 27-12-2022 Rectangle BO with VolumeJINDAL STEEL & POWER CMP 576 DATED 27-12-2022
1. Rectangle Consolidation BO above 575.
2. Volume Rise (very Positive sign)
3. RSI BO
Buy @ Cmp for target 630 SL 550
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Adaniports Long Build up!!Hey, Guys
NSE:ADANIPORTS
Adaniports is a long after falling Aggressively, It came up the very next day showing that the move was fake and came just to throw out the retailers.
One can build longs as per their Risk appetite or Build Position Via Hedging (Debit Spread).
Build Position Only After a good closing for the Day.
One Can take the Target Of 975, Risk reward ratio (R:R 1:3)
SL:- Previous Trading Session low