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Swing or Positional Opportunity in Hcl TechnologiesGo Long above 912.1 for Targets of 927.7, 943.25, 958.85, 974.5, 990.15, 1005.65, and 1021.25 with SL 896.5 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at 0.618 Fibonacci level. 3. Also there is a Demand Zone (marked with a green rectangle ) around 0.618 Fibonacci level from which the stock is taking support and moving up. 4. Also the stock is forming a bullish chart pattern ( Double Bottom / W Pattern) around 0.618 Fibonacci level.
NSE:HCLTECHLong
by Nimish_Ghagare
2
Swing opportunity in Bharat Dynamics LimitedGo Long above 336.85 for targets of 347.75, 358.5, and above, with SL 326 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. Also a bullish chart pattern, Falling Wedge (marked with purple color) gave breakout. 3. After Wedge breakout it is retesting the breakout level and has formed a bullish candlestick pattern (Bullish Hammer), marked with an orange circle.
NSE:BDLLong
by Nimish_Ghagare
Swing Opportunity in Piramal Enterprise Go Long above 1715.9 for targets of 1777.4, 1838.85, and above with SL 1654.5 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level. 3. Also there is a demand/ supply zone (marked with a blue rectangle ) around 0.5 Fibonacci level from which initially the stock was facing resistance in this zone and now this zone will act as support to the stock.
NSE:PELLong
by Nimish_Ghagare
Coal India: Channel Trade potentialCoal India Closing Price 129 Observation - Stock is trading in a blue channel - currently at lower end of the channel - we observe a Bullish Harami candlestick pattern at lower end of the channel - convergence of 50 day EMA and 200 day EMA around 140 - 136-142 is a crucial band for the stock - important for the stock to give a weekly close above the red dash trendline to increase the probability of up movement View Target for the current set up:- Short term 136 / 142 Medium term 160 Long term 196-220 Stop Loss Short term Close below 125 Medium term Weekly Close below 119 At current levels, and based on the other technical indicators and pattern, the stock provides a good risk::reward ratio to go long F&O strategy Sell 29 April 2021 125 Put option Buy 29 April 2021 120 Put option The strategy provides roughly 13% of reward potential on Margin requirement till 29 April 2021 Take care & safe trading...!!! Disclaimer : - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - 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
NSE:COALINDIALong
by indiamarketoutlook
1
Swing Opportunity in InfosysOnly for Educational Purpose : Go Long above 1351.4 for the target of 1381.9 with SL 1321 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. Also a bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.618 Fibonacci level. 3. Also there is a demand/ supply zone (marked with a blue rectangle) around 0.618 Fibonacci level from which initially the stock was facing resistance in this zone and now this zone will act as support to the stock.
NSE:INFYLong
by Nimish_Ghagare
2
ABC ZIGZAG CORRECTION IN TATASTEEL.TATASTEEL HAS COMPLETED 5 WAVE'S OF IMPULSE.IT SEEMS LIKE CURRENT CORRECTION HAS TAKEN FORM OF ABC ZIGZAG AS WAVE A DROP IS RETRACED TILL 61.8% COMING@ 911.50.YES PRICE DID CROSSED THIS LEVEL ON THE UPSIDE BUT FAILED TO SUSTAIN IT ON CLOSING BASIS,INDICATING END OF WAVE B.IF WE GET BOUNCE TILL 900 THAN STOCK SHOULD BE SHORTED AS CANDLESTICK IS ALSO SORT OF DCC.STOP SHUD BE 918 AND TGT SHUD BE 854 -800. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis
NSE:TATASTEELShort
by UNDERDOG-29
2
Swing Trade in Union BankGo Long above 35.85 for Target 38.1, 40, 42, 44 with SL 33.6 Reasons : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern, Bullish Engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level. 3. Also there is a demand/ supply zone (marked with a blue rectangle ) around 0.5 Fibonacci level from which initially the stock was facing resistance in this zone and now this zone will act as support to the stock.
NSE:UNIONBANKLong
by Nimish_Ghagare
2
Swing Trade in Godfrey PhilipsGo Long above 891.8 for a Target of 938.4 with SL 845. Reasons to go Long : 1. On a daily timeframe if we draw Fibonacci Retracement from the recent lowest swing low (Point A) to the recent highest swing high (Point B), we see that the stock is taking support from 0.618 Fibonacci level. 2. Also the stock has formed a bullish candlestick pattern - Bullish Hammer (marked with an orange circle) on 0.618 Fibonacci level. 3. In addition to this stock bounced back from its recent support zone marked with a green rectangle.
NSE:GODFRYPHLPLong
by Nimish_Ghagare
1
Swing Trade in Tata MotorsOnly for Educational Purpose. Go Long above 311.1 for targets 332, 352.8 with SL 290.2 Reasons : 1. On a daily timeframe if we draw Fibonacci retracement from recent swing low (Point A) to recent swing high (Point B) we find that stock took support at 0.618 Fibonacci level. 2. Also it formed a bullish candlestick pattern, bullish hammer (circled with purple color) around 0.5 Fibonacci level. 3. Additionally there is a demand/supply zone (marked with a green rectangle), as earlier stock faced resistance in this zone. Now this zone is providing support to the stock.
NSE:TATAMOTORSLong
by Nimish_Ghagare
3
Swing Trade in MaricoOnly for Educational Purpose. Go Long above 396.3 for Target 413.45 with SL 379.1 Reasons : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern, bullish engulfing (marked with an orange circle) is formed at 0.5 Fibonacci level. 3. Also there is a demand/supply zone (marked with a blue rectangle ) around 0.5 Fibonacci level from which initially the stock was facing resistance in this zone and now this zone will act as support to the stock. So there is a high possibility that stock will show upmove and we have placed our target just below the resistance level (marked with a red rectangle).
NSE:MARICOLong
by Nimish_Ghagare
Swing Trade in GodrejCPOnly for Educational Purpose. Go Long above 677.6 for target 709.15 with SL 646.15 Reasons : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern, bullish engulfing (marked with dark blue circle) is formed at 0.5 Fibonacci level. 3. Also there is a strong support zone (marked with a green rectangle) around 0.5 Fibonacci level from which the stock took to support and moved up. So there is a high possibility that stock will show upmove and we have placed our target just below the resistance level (marked with a red rectangle).
NSE:GODREJCPLong
by Nimish_Ghagare
Indus Tower | Long term Trendline Break 🎯⭕ Positional Trading opportunity ! weekly Chart Alert !!! ⭕ --Buy above =256.90 or CMP --Target = 297.35 | 330.90 --Stop-loss = 232.30 --R:R = 3.01 --Expected Profit = (28 % ) --Expected Holding = 1-3 Months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕ Technical Reasons to trade or Strategy applied :- ⭕ 1) Trendline & resistance & 200ema Breakout 2) Volumes are okay 3) Bullish candlestick pattern 4) Targets are based on resistance zones 👇👇200 EMA breakout 👇👇 Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:INDUSTOWERLong
by ReviveTraders
5
Dr Reddy- Hanging Man - Top Reversal Candlestick Pattern @ 5200Hanging Man - Top Reversal Candlestick Pattern Confirmation is must ( Wait for close below 5200) in next week ( No Selling- If stock fails to close below 5200) ------------------------------------------------ Trading Strategy - Sell only below 5200 ------------------------------------------------ Targets Downside 4700 4350 ---------------------------------------------------------------------------------------------------------------------- Last Idea Published - DRREDDY - Head & Shoulder - Top Reversal Pattern but In this case appeared post a downtrend which has lesser success rate as compared to H&S pattern found at the uptrend
NSE:DRREDDYShort
by WaveTalks
7
Bharti Airtel | Flag Pattern Formation | Breakout Confirmed ✔NSE:BHARTIARTL Swing Trading opportunity ! 4 Hrs Chart Alert !!! --Buy above =479 --Target = 540 --Stop-loss = 442 --Lot Size = 1851 --R:R = 1.66 --Expected Profit = 1,13,000 ₹ per lot ( 12.78% ) Technical Reasons to trade :- 🧢 1) Bharti Airtel has bullish flag pattern Formation 2) Volume is more than sufficient i.e engulfing pattern & bullish candlestick pattern 3) Uptrend Is continuing and Trendline break 4) All the possible support & resistance is mentioned on the chart Guys check out the related ideas as well, it will work really well GUARANTEED ! 🙏FOLLOW for more ! 👍LIKE if think is useful ! ✍COMMENT Below your view !
NSE:BHARTIARTLLong
by ReviveTraders
56
PEL - Return of Bears ( Bearish Gravestone Doji Candlestick)PEL is a fundamentally weak stock with alarming PE of 380. It has been observed from the technical chart that the price action is forming lower highs with bearish candlestick patterns, indicating bears hold on every rise. Today, we have observed a bearish gravestone doji pattern after last day bullish candles, indicating the return of bears that may now take prices further down and we may observe healthy correction in the stock. T1- 1240 T2 - 1180 SL-1360 (estimation as per spot prices)
NSE:PELShort
by NeeteshJain
14
Amber enterprises showing false breakout?Amber enterprises showed a breakout yesterday and many buyers entered here because of the breakout But do you know it's a false breakout? lines reference: dark blue-resistances cyan blue-supports yellow-both acting as support and resistance. Guys please first like and comment :) -------------------------------------------------------------------------------------------------------------------------------- Ok...Now I was telling that amber enterprises has shown a false breakout because: 1) the stock form Abandoned Baby bearish candlestick pattern which forms only on a false breakout and doesn't form on a true breakout. 2) the stock came in overbought zone. 3) Although the stock breaked all the resistances but the resistances are so strong that they are pulling the stock to the consolidation channel. 4) The stock also made a new resistance here after this false breakout. _____________________________________________________________________________________________________________________________ Alert for you guys :) please do like and comment as I give you profitable Ideas :)
NSE:AMBERShort
by Aniketyourtechnicalanalyser
2