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SUNPHARMA - Bullish Consolidation - Volume SpikeNSE: SUNPHARMA is closing with an bullish consolidation 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 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.
NSE:SUNPHARMALong
by BrahmaBull31
MFSL - Consolidation Breakout with VolumesNSE: MFSL 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 moving along with the trendline support over the past few days which is creating the up trend. One can look for a 10% to 14% 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.
NSE:MFSLLong
by BrahmaBull31
Positional or Longterm Opportunity in GMM PfaudlerGo Long above 4685.05 for Targets of 5080.1 and 5475.15 with SL 4290 Reasons to go Long : 1. On a Weekly 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. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.5 Fibonacci level. 3. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level. 4. Also there is a strong Trendline (marked with green color), from which the stock is taking support and moving up.
NSE:GMMPFAUDLRLong
by Nimish_Ghagare
Positional or Longterm Opportunity in IndigoGo Long above 1990.1 for Target of 2209.2 with SL 1771 Reasons to go Long : 1. On a Weekly 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 0.382 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (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.
NSE:INDIGOLong
by Nimish_Ghagare
Swing Opportunity in Minda IndustriesGo Long above 715 for Targets of 739, 763, and 787 with SL 691 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 0.382 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level. 3. A bullish candlestick pattern ( Bullish Engulfing ) marked with the orange color is formed around 0.382 Fibonacci level. 4. Also 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. 5. In addition to this the stock will give Trendline breakout once it crosses 715.
MLong
by Nimish_Ghagare
Morning star formation at the retest levelsIndusind bank is behaving no different than the other performers in banking. There is a morning star formation at the retest levels of the breakout that happened a few days ago. I categorize this candlestick as a buy setup and this can give 10% in the coming days. SL should be at 1087 with a target of 1240-1250. This is a good RR setup of 3.5 Kindly note that this is not a recommendation and only for educational purposes. Consult your financial advisor before investing.
NSE:INDUSINDBKLong
by NandanChaturvediTrade
1
Nifty: Gravestone doji observed after Bad Bank good NEWSNifty - Yesterday there was Press Conference where our Finance Minister came up with the idea of forming of a Bad Bank and buying Rs 2 lakh Cr NPA of PSU banks for Rs 30,000 Cr . - this would clear up all the NPA of PSU Banks and going forward would help in showcasing better ROI . This possible expectation of good news is possibly one of the reasons why we have seen our markets doing well in recent days. - However today on hourly charts we observe gravestone doji pattern - this is a bearish candlestick pattern Is the good NEWS being factored in? I have highlighted this view in the previous update in the comment section Time for you to decide. Do note: last time, in our Nifty update our SL got triggered at 17450 So due your own research and due diligence. 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:NIFTYShort
by indiamarketoutlook
2
Is Indian I.T sector rally over? " Shooting Star Pattern" According to technical indicators and candlestick analysis looks like the Indian I.T sector share gets overstretched and correction is possible. Also, RSI is in the overbought zone (80), and also in day frame analysis, it has formed a "Shooting Star" pattern (Trend reversal pattern). Here, by Nifty I.T analysis I am referring to I.T stocks Eg: NSE:TECHM , NSE:TCS This analysis is done only for educational & intelligence purposes, invest or trade at your own risk & will.
NSE:CNXIT
by pradumnasaraf
26
AAPL Trading in Troubled WaterThis gap up was basically a exhaustion but due to exuberance the price moved further away despite the bearish setup but now a correction is awaiting to happen after this irrational move. Also, a bearish harami candlestick pattern has been formed on the daily chart followed by a indecisive candle and then again with a bearish candle suggesting a downtrend. Therefore, considering all the above points, a break below the current support, as per fibonacci levels i.e 436 will initiate the trade for the targets of 430, 421, 407 with an SL of 449 on closing basis.
NASDAQ:AAPLShort
by iamvaibhavkr
4