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Torrent Pharma - Looking Weak - CandleStick AnalysisNSE:TORNTPHARM has made a bearish harami on weekly candle. If 1507 is taken out on downside and a close comes below that, I would be looking for 1481, 1461 and 1452 levels on the downside. Depending upon your risk appetite, enter the trade either in cash or in options. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:TORNTPHARMShort
by nerdywasabi
Cummins - Rising Wedge & Evening Star - Weekly OverviewNSE:CUMMINSIND making rising wedge on weekly charts and also has formed a evening star candlestick pattern. With a SL of 1666, one can short for T1 of 1552 and T2 of 1518. Let's see how the story develops. Best wishes! Disclaimer - - The opinions expressed here are my own. This is for my own records as well as what I see on charts. - If you are referring to this, please keep in mind that it is only for educational and research purposes. - Past performance is no guarantee of future results. - You must accept responsibility for any decision you make. DO NOT TAKE THIS AS AN INVESTMENT RECOMMENDATION. - It's your hard-earned cash. Trade / Invest wisely, keeping in mind your trading style, goals and objectives, time horizon, and risk tolerance. - Before investing, conduct your own research and consult with a financial advisor. TIA!
NSE:CUMMINSINDShort
by nerdywasabi
2
Positional or Longterm Opportunity in Godrej PropertiesGo Long above 1177 for Targets of 1292.95, 1408.9, 1524.85, and 1640.80 with SL 1061.05 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Also 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. 4. Lastly it gave a Trendline breakdown & is trying to trap the sellers so it may try to hit the stop losses of the sellers where we have exactly placed our targets.
NSE:GODREJPROPLong
by Nimish_Ghagare
Positional or Longterm Opportunity in Sheela Foam LtdGo Long above 1203.35 for Targets of 1286.7, 1370.05, and 1453.4 with SL 1120 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. Also a bullish candlestick pattern Bullish Hammer (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.
NSE:SFLLong
by Nimish_Ghagare
Positional or Longterm Opportunity in Central BankGo Long above 27.95 for Targets of 31.1, 34.25, and 37.4 with SL 24.8 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. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 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.
NSE:CENTRALBKLong
by Nimish_Ghagare
Track the correction on 30min in Ethereum to catch the big move.Candlestick Chart + The moving average lines are contracted. + Track the price until it crosses either 50ema or 100ema lines. + It may test the level of 200ema to end its correction. + So, the levels of 1600 to 1626 may be tested to complete the correction. Renko Chart (Brick Size = 7.5) + Fibonacci Retracement The price can test the level of 1626 which is 38% level of retracement. Conclusion: 1. The coin is in the correction mode. 2. Wait for the correction to be completed. Thanks Er. Simranjit Singh Virdi
Long
by ssvirdi
Nationalum - looks good this weeknationalum - national aluminium company limited In Monday’s (13-feb-2023) session, the stock formed a bullish engulfing candlestick pattern on the daily chart which is pointing to a bounce against the current downtrend, at least for the time being. A counter-trend rally to 81.15 can be seen in this week, from the 78.90. disclaimer: note this is just for education purpose to analyze the candle stick pattern, rsi and expected next levels as per fibonacci levels. this is not buy or sell call, any trading on this counter will be at your own risk.
NSE:NATIONALUM
by hardeepssethi