Black Friday saleUp to 70% OFF

Rectangle

Continuously uptrend |Retrenched to fib & support| Option DataThe stock is in continuously uptrend and given multiple breakout, recently corrected and retrenchment golden level. The bullish engulfing candle created from support & fib level and partial confirmed from volume surge. Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%. Short only if support broken, target and stop loss as per price action & pivot point. Option Data : Max Put writer at Strike 400 Max Call writing at price range of 440-450 The option data suggesting that price range between 400-450, above 450 definitely will initiate short covering and will be an entry point. The above chart based on 2 hourly time, the price broke the trendline and retested level with bullish candle.
NSE:BSOFTLong
by Indieconomic
PNB Gilts : Fundamental & TechnicalsStrong Fundamental with sales and profits growth. a) P/E 4.81 b) P/B 0.96 c) ROE 38.50 % d) ROCE 8.34% e) Dividend Yield 13.61% i.e., Rs 10 per share f) Operating Income has grown well for the company over past 3 years CAGR 38.02% Technical The price was consolidating inside Darvas Box past 6month and given a Resistance breakout Entry will be at retest level Rs 72, Target Rs 78.25, 82.80 & 94.50 and Stop Loss Rs 67.80 Thanks Disclaimer: Consult your financial advisor for trading, investing and risk management
NSE:PNBGILTSLong
by Indieconomic
Nifty Metal : detailed price analysisNSE:CNXMETAL Price spread analysis of metals index: 1)very wide spread bearish candle, but no downside follow through 2) weak upmove, range of candles on upside very low, took 4 weeks time to reach 5900 level, where it took just 1 week to fall 3) again a very wide spread bearish candle, limited downside implications 4) ease of movement still on downside, yet sellers fail to take out previous swing lows 5) one more attempt by sellers, but narrower spread, first signs of selling pressure reducing, no signs of demand yet 6) still a weak upmove, range expansion not happening on upside 7)last attempt at selling, but range is now significantly lower than previous red candles 8) first evidence of strong buyers coming in the market, range expansion on upside, took out previous swing high 9) 4 long tail candles forming in same region, clear accumulation was going on at lower levels 10) upmove may not be smooth, but odds are high that metals will head higher
CLong
by aarki_gg