NIITLTD Trade set up, probable reversalNIITLTD's stock is currently experiencing a weakening uptrend. The most recent closing price was 186.01, with a daily high of 203.62 and a low of 184.14. The stock is trading below an important level of 213.91, which could indicate a potential short-term decline if the price remains below this threshold.
Technical Indicators
Moving Averages: The stock appears to be trading below key moving averages, suggesting bearish sentiment in the short term26.
RSI and MACD: While specific values aren't provided, these indicators are likely showing bearish signals given the overall trend analysis.
Support and Resistance Levels
Key price targets for NIITLTD are:
Downside target: 210.57
Upside target: 217.31
Volume and Volatility
The average trading volume for NIITLTD is 1.24 million shares. This volume can provide insights into the strength of price movements and potential trend reversals.
Long-Term Perspective
NIITLTD is currently trading 16.80% below its 52-week high of 203.90, which was set on September 5, 2024. This suggests there may be room for upward movement if market conditions improve.
Market Sentiment
The overall short-term sentiment for NIITLTD appears negative, indicating a strong downtrend6. However, it's important to note that market conditions can change rapidly, and investors should always conduct thorough research before making investment decisions.
Related
What are the key support and resistance levels for NIITLTD
How reliable are AI predictions for NIITLTD's stock movement
What is the significance of the 213.91 level for NIITLTD
How does the cup and handle formation affect NIITLTD's future price
What are the potential targets for NIITLTD's stock price in the next week
Reversalcandlestick
AVANTIFEED 1:8 RR (3 trade set up)Based on the technical analysis of Avanti Feeds Ltd (AVANTIFEED), the price action shows a positive trend in the short to mid-term:
The stock has broken out of a long-term triangle formation with an Inverted Head & Shoulder pattern, accompanied by strong volume1.
The price is exhibiting a positive breakout from the Keltner Bands, indicating strong bullish momentum2.
The ADX (Average Directional Index) suggests a strong uptrend2.
The Stochastic RSI shows bullish signals, with the indicator rising from oversold levels2.
The stock is trading above its key moving averages, further confirming the bullish trend4.
Short to mid-term price action analysis is described as "definitely positive," indicating a strong uptrend78.
However, it's important to note that some conflicting signals exist:
The MACD shows a bearish crossover, which could indicate potential short-term weakness2.
The Stochastic RSI also shows some bearish divergence in the longer term4.
Overall, the price action analysis for AVANTIFEED appears bullish, with strong momentum and positive breakouts observed across multiple technical indicators.
Long Term Debt free FMCG Stock This stock was in downtrend after July 2021 because FII & DII are selling there stake also profit booking as stock has given good return more then 100% in a 1 year.
Bajaj Consumer is a very Old company. It is Debt Free. It is one of the best stock in FMCG sector.
Right Now stock trading between 175-180.
In march 2022 ending & April 2022 first week during this period the volume has been increase so may be new buyers are buying this stock.
So There is good chances that within few months this stock can give 20-25% in short term, while in long term this can give return of more then 30-40%.
On daily time frame the stock in trading above 50 EMA, in short term this stock will trade above 200 EMA so there is good chances that this stock can give a good return.
Target Price is mention in chart.
This is just for educational purpose.
Happy Trading :)
WaveTalks - Nifty - Double Click or Double Divergence at 16590Educational Idea talking about reversal candlestick pattern - Tower Top & Double Divergence at the tops could be halting the bullish moves. Once we get follow up going below 16475 immediately- It could have bearish bias for the days / weeks to come ahead.
Important Support Levels - 16160 / 15800-15900 / 15500
Thanks for watching the video.