Reversaltrading
Astec Life Early Signs of ReversalNSE:ASTEC Early Signs of Reversal can be seen, Buy When 200 DSMA is closed below CMP and Keep 10 DSMA or S1 as Stop With Target of R1 and R2.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NIFTY50 - REVERSAL SWING TRADE ON LONG SIDESymbol - NIFTY50
NIFTY is currently trading at 23585
I'm seeing a trading opportunity on buy side.
Buying NIFTY Futures at 23585
I will add more long position at 23435, if comes.
Holding with SL of 23275
Targets I'm expecting are 24080 - 24210 - 24400
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
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
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What are the potential targets for NIITLTD's stock price in the next week
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.
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.
ELDECO HOUSING & IND - Swing Trade Analysis - 3rd August #stocksELDECO HOUSING & INDUSTRIES (1W TF) - Swing Trade Analysis given on 3rd August, 2024
Pattern: FALLING WEDGE SETUP
- Strong Pullback Candle from Weekly Support Zone - Done ✓
- Weekly Volume Buildup at Resistance Trendline - Done ✓
- Weekly Resistance Zone Breakout - In Progress
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
BIRLASOFT - Swing Trade Analysis - 13th July #stocksBIRLASOFT (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT
- 5 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong IT Sector Weekly Breakout - Done ✓
- Accumulation with Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
WELSPUN CORP - Swing Trade Analysis - 26th June #stocksWELSPUN CORP (1W TF) - Swing Trade Analysis given on 26th June, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT ZONE
- Consolidation & Pullback at Weekly Support Zone - Done ✓
- Strong Volume Buildup at Weekly Support Zone - Done ✓
- Demand Zone Retest - In Progress
* Disclaimer
CEAT LTD - Swing Trade Analsyis - 29th June #stocksCEAT LTD. (1W TF) - Swing Trade Analysis given on 29th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendling Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
BUTTERFLY - PRICE REVERSAL POST CORRECTION OF 64%Hi All,
This idea is about Butterfly Gandhimathi Appliances Ltd
CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis
Weak Fundamentals
Market Cap - 1500 Cr
Stock PE - 184
ROE - 2.8%
ROCE - 5%
Promoter Holding - 75%
D/E - 0.01
Technicals
Post correction of 64%, price has reached a point where horizontal & rising support meet and price action is showing signs of reversal
This is a weekly chart & therefore time is required in order to reach different targets marked on the chart namely T1, T2, T3
Happy Trading,
Stock-n-Shine
USDJPY - POSITIONAL SHORT TRADESymbol - USDJPY
USDJPY is currently trading at 157.700
I'm seeing a trading opportunity on sell side.
Shorting USDJPY pair at CMP 157.700
I will be adding more if 158.200 comes & will hold with SL of 158.500
Targets I'm expecting are 154.800 - 151.900 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!