Positional or Longterm Opportunity in Birla CorpGo Long above 1016.15 for Targets of 1209.3, 1402.45, and 1595.6 with SL 823
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Search in ideas for "CANDLESTICK"
Positional or Longterm Opportunity in TridentGo Long above 40.4 for Targets of 45.3, 50.2, and 55.1 with SL 35.5
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around the 0.5 Fibonacci level.
3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
Positional or Longterm Opportunity in Bank of MaharashtraGo Long above 17.95 for Targets of 20.9, 23.85, and 26.8 with SL 15
Reasons to go Long :
1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.618 Fibonacci level.
3. Additionally there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. In addition to this the stock gave Trendline breakout on a Monthly timeframe.
Positional or Longterm Opportunity in KPR MillGo Long above 2699.1 for Targets of 584.75, 637.4, 690.05, and 742.7 with SL 479.45
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.382 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. Also there is a high possibility that it will give a trendline breakout.
Positional or Longterm Opportunity in Muthoot FinanceGo Long above 1058.1 for Targets of 1108.75, 1159.4, 1210.05, 1260.7, 1311.35, and 1362 with SL 107.45
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support around the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around the 0.618 Fibonacci level.
3. Additionally there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Positional or Longterm Opportunity in Ashoka Go Long above 87.3 for Targets of 97.1, 106.9, and 116.7 with SL 77.5
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
4. Also the stock gave a trendline breakout.
5. Also the stock formed a Bullish chart pattern Double Bottom (marked with a dotted line).
Positional or Longterm opportunity in WiproGo Long above 396.4 for Targets of 416.5, 436.6, 456.7, 476.8, 496.9, and 517 with SL 376.3
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Positional or Longterm Opportunity in SISGo Long above 425.9 for Targets of 439.8, 453.7, 467.6, 481.5, and 495.4 with SL 412
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.618 Fibonacci level.
3. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
VIJAYA - Bullish Consolidation BreakoutNSE: VIJAYA is closing with a strong bullish consolidation breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
RALLIS - Bullish BreakoutNSE: RALLIS is closing with a strong bullish breakout candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
SCHANDReoccurrence of Inside Bar CandleStick Pattern
Big candle followed by consolidation (Inside Bar Pattern) & then BreakOut/BreakDown is the way this stock is moving. At present consolidation going on after a big candle (Inside Bar). Going by previous moves, it looks like stock is getting ready for another big candle move of 30_50% after breaking of Inside Bar / Mother Candle range.
Has potential to move up to 550 / 750 & beyond in Long-Term
Consolidation BreakoutTataconsumer - showing sideways consolidation from last month. Now it gives breakout from the last one-month range forming a Bullish candle i.e. Engulfing or like a Marubozu candlestick pattern with good volume spurt, it may touch 850-860 level which is next resistance level .
Disclaimer - All updates/posts/discussions are only for education and learning purpose only. not provide any tips/recommendations/advice.
KEC - Bullish Swing ReversalNSE: KEC is closing with a strong bullish reversal candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
KENNAMET - Bullish Consolidation BreakoutNSE: KENNAMET is closing with a strong bullish candle supported with volumes
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
TATAPOWER - Volume Spike with a Strong ConsolidationNSE: TATAPOWER is closing with a strong volume spike
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
pin bar candlestick pattern TCS
Time frame- DAILY
*Entry - 3220
*Stop loss - 3165
*Target - 3430 (6.4%)
*Short term
*Reason- RSI above 60. Bullish candlestick pattern
Disclaimer:- I am not SEBI registered analyst. Only for information and education purpose. Please consult your adviser before investing.
#technicalanalysis #technicalanalyst #swingtrading #swingtrader #fundamentalanalysis #bullish #chartoftheweek #trading #tradingstrategy #stockmarket #stockmarketindia #stocks #stockmarketnews #stockstowatch #stockstobuy #stockoptions #longterminvestment #investment #investmentopportunities #breakoutstocks #derivatives #derivativestrading #index #indexinvesting #optiontrading #chartanalysis #trader #tradingsignals #tradingview #education #breakout #pattern #information #investing #consolidation #consult #supporting #volume #long #IT #rangeBreakout #bullrun #trendreversal
Tata Chemical Cmp 1164 dated 11-10-2022 Bearish Engulfing @ TOPTAta Chem Cmp 1164 dated 11-10-2022
1. Bearish Engulfing Candlestick @ top of the chart.
Sell below 1159 for target 1135-1105-1090-1060
1050 SL 1220
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
ICICI Bank: Chart set up and trading strategyICICI Bank
We are looking at daily candlestick chart pattern
Observations
- ICICI Bank chart reflects it made a gravestone doji on September 15, 2022 (indicates previous buyers were happy to sell at 936 odd levels)
- subsequently we saw profit booking in the stock
- now the stock is back at 920-940 odd levels
- we see ICICI Bank still not making a decisive move above the September 15 high
View going forward
- so far as ICICI Bank is below 945 odd levels we might see ICICI Bank rangebound
- support at 868 / 844
Given the set up one may consider a Bear Call Spread strategy in ICICI Bank
Sell 960 Call option currently around 12
Buy 1000 Call option currently around 4
Net receivables 8 points
Lot size 1375
Net profit potential Rs 11000 per strategy lot
Margin requirement - approximately 93500
Yield Potential - 11.75% approximately
Review point for me: If ICICI Bank closing is above 943.
It gives ample scope to adjust / exit in case stock moves otherwise. Pls follow your Risk management measures.
Take care & safe trading...!!!
Like and follow for more trading ideas like these
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
TTKPRESTIG - Bullish Consolidation with VolumesNSE: TTKPRESTIG is closing with a strong bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
USHAMART - Bullish Momentum with VolumesNSE: USHAMART is closing with a strong bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
ANURAS - Consolidation BreakoutNSE: ANURAS is closing with a strong bullish candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
RHIM - Consolidation BreakoutNSE: RHIM is closing with a strong bullish breakout candle supported with high volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days and moving along the trendline which is indicating demand.
One can look for a 9% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.