Bullish reversal from its strong support level with good Vol.NSE:EXIDEIND The stock started a bullish reversal from its strong support level with good Volumes. RSI is also supportive. A sustained move beyond 515 would lead to a strong up move shortly.
Trade activated Above the 515 level, Target 657, Stop loss 453.
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
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.
Rsi14
61.8% Fib bullish reversal with Volumes on WeeklyNSE:HINDZINC The stock started a bullish reversal from its 0.618 Fibonacci retracement level. RSI is also supportive. A sustained move beyond 546 would lead to a strong up move shortly.
Above the 546 level trade will activate with a target of 680 and StopLoss 475
Check out my other stock ideas below until this trade gets activated, I would love your feedback.
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.
A Bullish Breakout Analysis of Alkyl AmineAlkyl Amine stock has recently exhibited a noteworthy price action following a consolidation phase that extended beyond 1,000 days. The stock has successfully retested a pivotal support level and demonstrated a robust bounce, closing above this key level, accompanied by a significant surge in buying volume. This development is indicative of a potential shift in the trend towards a bullish posture.
From an Elliott Wave analysis perspective, the stock appears to be in the early stages of a wave pattern. This observation aligns with the bounce occurring at the 61.8% Fibonacci retracement level from the most recent higher high, suggesting a critical change in momentum.
Further validating the bullish outlook, momentum indicators such as the RSI and the MACD are showing favourable signals on both the daily and weekly timeframes, reinforcing the likelihood of upward price movement.
In terms of potential price levels, the current-demand zone is identified between 2305 and 2349 . Should the stock succeed in closing above the initial resistance level at 2484 , the next resistance levels to monitor would be at 2848 , 3162 , and ultimately 3526 .
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 any investment decisions.
Another pick can go upto 30%!!!Yes, As per my technical analysis If any stock which trade over RSI 65. it will go up by 30%.
Same situation happened in Pollycab and now it happens in Infoedge.
Polycab gives breakout with RSI in last month. also it generates the cup pattern.
So the target will be 6486 and 9458 in a positional or longer term basis.
Note: this is not a buy or sell recommendation of any stocks or crypto or forex. This is for educational purpose only.
Bullish Divergence formation in Asian Paints.Asian Pains is at support of trendline near 2800 on a monthly time frame and having resistance at around 3400. RSI is around 45. Bullish divergence is formed on chart.
Fundamentals of company:
ROCE - 34.37
ROE - 27.74
PE / Industry PE - 51.32 / 46.21
Company is fundamentally strong and can accumulate for long term.
Disclaimer : This is for education purpose only. Take advise from your financial adviser before investing.