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Positional Long/Reversal Setup: PVR Inox PVR has given a correction of ~40% from its latest High and is trading at a important make or break level. Current price structure is following a Descending triangle pattern, supported by the golden ratio zone based on swings from 2020 onwards. The daily RSI is at 28.41, indicating the stock is approaching oversold territory, which may precede a potential reversal. Also the CCI is at -131.31, placing it in the oversold range, which could indicate a potential price reversal. PVR is currently exhibiting a bearish trend however, oversold signals from the RSI, CCI and based on current price structure suggest the possibility of a reversal. ⚡Note: This is just for analysis purpose, please do your own research before punching any orders. 🔍 For more technical analysis and trade setups, make sure to follow me on trading view. 🔗 Trading View: in.tradingview.com/u/DebasisT/
NSE:PVRINOXLong
by DebasisT
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
NSE:NIITLTDLong
by KamalKJoshi
HINDALCO 10R probable trade set upThe short-term price action for Hindalco appears to be positive, with some bullish indicators: The stock is trading above its 20-day Simple Moving Average (SMA) of 657. The price is in the upper range of the Bollinger Bands, suggesting strong momentum. The MACD has generated a buy signal, although it is initial and weak. The CCI (Commodity Channel Index) has generated a strong buy signal. However, there are also some cautionary signs: The RSI is generating a sell signal in the short term. Volume-based indicators are showing selling momentum. Medium-term Outlook The medium-term analysis reveals a more complex picture: The stock is trading slightly above the 200-day Moving Average, around 6521. The zone between 652-620 is considered a crucial demand area. The RSI on the daily timeframe shows early signs of reversal, suggesting potential bullish momentum. Key Levels to Watch Resistance: A critical resistance level is identified near 715. Breaking above this level could negate the existing negative trend and confirm a reversal. Support: The 652-620 range is an important support zone. Maintaining a position above this range is crucial to prevent further selling pressure1. Options Data The Put-Call Ratio (PCR) for various strike prices indicates: For the 630 strike, the PCR is 3.58, suggesting more put options are being traded relative to call options. Higher strike prices (710, 720, 750) show lower PCR values, indicating less bearish sentiment for those levels.
NSE:HINDALCOLong
by KamalKJoshi
TRIDENT 1:10+ RR trade set upSupport and Resistance Support Levels: S1 at 33.61, S2 at 33.36, S3 at 33.114. Resistance Levels: R1 at 35.21, R2 at 34.81, R3 at 34.564. Volume Analysis Trading volume is 14,205,622 shares, which is higher than the 20-day average volume of 11,666,702 shares, indicating increased interest35. Price Range 52-week range: Rs 31.07 (Nov 22, 2024) to Rs 52.90 (Jan 09, 2024)1. Current price is about 10.3% above the 52-week low and 35.2% below the 52-week high. The stock is showing mixed signals with bearish short-term trends but potential for upward movement. Traders should watch for price action around key support and resistance levels for potential entry or exit points. The increased volume suggests heightened investor interest, which could lead to increased volatility in the near term.
NSE:TRIDENTLong
by KamalKJoshi
IT SECTOR OVERVIEW: Super Bullish!Observation & Overview: 1. The IT Index was beaten down in late 2022. 2. After 2023 it formed a bottom and prices started gaining strength. 3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand. 4. It is acting as a major support zone and good weekly candle rejection can be noticed. 5. Signs of buyers getting dominant and it should break the ATH soon. 6. I'm expecting a minimum 15% ROI from this sector turnaround. 7. Hopefully, with sector rotation this sector is going to gain momentum eventually. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:CNXITLong
by SuperNova396
1
Time to Buy/Bottomfish #cochinship ?At this juncture cochin Shipyard offers good RR. From a deep price and Time correction, the stock formed a base and broke out of it and showing signs of reversal. A potential stage 2. The reasons for going long are as follows. -Stage 2 Breakout -Formed Double Bottom in DTF -Narrow Range candles with Dry Volume - Channel Breakout. Keep In mind: - Volumes need to improve. -Expect Shakeouts. Tweak the SL as per your risk appetite. Like I mentioned in the beginning, if this is a reversal then the reward will be high. As always- Please study the chart and do your due diligence. And please do not trade on any tips. Enter only if you understand the company, the chart and the price. #StocksInFocus
NSE:COCHINSHIPLong
by sagartharayil
Torrent Power MACD crossoverThe price has given a reversal signal from the lower trendline of the channel with MACD Crossover Above Signal Line. Below are some possitive points for a possible bullish move: => There is a strong momentum as price is above short, medium and long term moving average(MA). => There is a strong growth in QoQ EPS in recent results. => Good quarterly growth in the recent results. => Growth in Net Profit with increasing Profit Margin (QoQ) => Increasing profits every quarter for the past 2 quarters. Buy between 1763-1800. Target 1- 1911, Target 2- 1990 and T3- 2090 SL- 1690. Safe traders can exit on Target 2. Note- This is not a recommendation but only for educational purpose.
NSE:TORNTPOWERLong
by pratikrathor777
bandhan bank a consolidation under breakout will it succeed ?Bandhan Bank Ltd. is an interesting chart to keep on radar 1. Price formed base in its 6 month long consolidation 2. BAT pattern under formation on weekly chart 3. Narrowing Bollinger Bands on daily and weekly chart 4. Price getting ready to breakout of its consolidation and walk on upper Bollinger bands on daily chart 5. Minor resistance near 208-210 zone Will it breakout and reach point 'D' ? or Will it continue its consolidation ? Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:BANDHANBNKLong
by purisonshuf
Technical Analysis for Barbeque Nation Hospitality Ltd.Technical Analysis for Barbeque Nation Hospitality Ltd. (BARBEQUE): - **Time Frame:** Weekly chart - **Trade Type:** Swing trade for 6-12 months - **Entry Strategy:** Buy at Current Market Price (CMP) ₹626.60 - **Stop Loss (SL):** ₹539 for risk management - **Targets:** - Target 1: ₹1022 - Target 2: ₹1190 - **Risk-Reward Ratio:** Favorable Monitor price action closely, particularly during the retest of the breakout. Adjust strategies based on market dynamics. #BarbequeNation #TechnicalAnalysis #SwingTrade #StockMarket #RiskRewardRatio #TradingStrategy #BreakoutTrading
BLong
by hunterhunt777
Rossari Biotech-A reversal in yet another chemical sector stock?Rossari Biotech has given a breakout of horizontal resistance of around 890-900 is sustaining above it. Stock is looking attractive for good reversal and might reach its ATH in medium term if broader markets are supportive. However, there is an immediate resistance near 1000 as well. As we have seen this week, there are lot of global tensions leading to high market volatility. Focus on managing your risk and saving your capital.
NSE:ROSSARILong
by chartistamey