#VIDHIING looks to be a eligible counter for breakout above 230#VIDHI SPECIALITY #VIDHIING looks to be a eligible counter for breakout above 230
The weekly charts are showing higher low formations and the daily charts are showing smaller moves
The volume support has been steady/increasing in the recent past
The counter has making highers highs for while now and nearing its recent BO point
Note : This article is for education and research purpose only , Please consult your financial advisor before taking any investment decisions
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PNB looks great on charts, inverse head and shoulder formationHello Every One,
I am sharing herewith the PNB stock trading idea, on daily charts of PNB share you can find a formation of inverse head and shoulder formation which offers great trade set up with the risk to reward ratio of 1:4 and the traders can take position in cash and F&O as per their risk appetite. This post published here is only for Educational Purpose and do consult your financial advisor before taking any trade decision.
Once the inverse head and shoulder target met, then the stock is expected to be bullish on weekly charts for further upside potential.
Oberoi reality looking strong on chartsOberoi reality looking strong on charts
Head & shoulders pattern formation clearly seen on charts , If it sustain above 610 , Can move further upside
Keep eye on it.
DISCLAIMER
Educational Purpose
All Trades Involve risk , Please do your analyis before Initiating Any trade.
Infy: Follow NEWS & be reactive or follow Charts & be a ahead !!Infy
This is not a fresh recommendation. This is just a follow up to our post on 09th April 2021. This is what we had posted
Observations
- Infy trading in the yellow channel from July 2020
- on previous 2 occasions, before the result announcement we observe Infy near the channel top
- Infy makes a high on result announcement at the top end of the channel and then drops down
- after Jan 2021 result announcement, we observe the yellow channel being breached twice temporarily
Is this a cue that strength of the buyers getting weaker...???
if we observe Infy getting rejected at the median of the red channel, then there is a possibility of Infy shifting to lower blue channel
Infy had a NEWS event - Result announcement on April 14, 2021.
If you have read the analysis in the above post, see the Infy price movement and Notice how charts revealed every thing before the NEWS event.... and worked to perfection....
That's the magic of Technical Analysis...!!!
Charts do try to tell us a lot.... Are you ready to listen... ???
Choice is yours
Was it a good analysis...?
Do Comment, Like and Follow...
Have a good day
Interesting setup on USDINR chartsInteresting setup on USDINR charts as the sharp rally seen over the last few days has triggered widespread panic and chaos. Now, the pair has reached important cluster resistance on Daily charts and will attempt to surpass it. Its a very important resistance zone as its created with reference to its all time high of 77.02. A closing above 75.80 will definitely not be a good news. Big Boss RBI will definitely be watching these levels, so we should also track this alongwith the other setups.
nifty : nifty going strong but listen to charts as well hi everyone
as we are witnessing nifty going high and making all time highs, but it needs to breathe too,
according to the chart, I strongly feel that nifty might take a break from its run and should retrace to its last all time high of 12500
but the view will change 100% and we will have to review the charts again if it closes above 13575 on 11 Dec 2020
so here how the trading plan should be,
sell at spot with stop loss above 13575
target 1 : 12975
target 2 : 12575
trade invalidates if weekly closing above 13575.
closing above 13575 would create doors for new price discovery which should be 14800 levels
Advise : do not trade based on my recommendation, study your own charts too and make a wise decision. I wont be responsible for your trades.
#SBIN heading to ₹100 on longer term chartsState Bank of India at ₹100 ? This is a very real possibility if the elliottwave pattern on the long term SBI charts indicated above are right. As can be seen, the 2015 - mid 2019 overlapping but upward titled move can be charted to indicate a long term ending diagonal. The subsequent downmove is clearly impulsive and has now just completed the 4th wave upward correction. This means we are headed to ₹103 if wave 5 of this move equals wave 1.
Short term charts will be published soon with details on the internal wave counts of the current impulse.
BANKNIFTY - UNDERSTANDING CHARTS (1ST OCTOBER & 5TH OCTOBER)Looking back at the charts give huge context and meaning for the next trading sessions. This is a small series of charts I want to publish on a weekly basis looking back in the last week trading session of index - specifically Bank Nifty.
From the previous chart I had posted regarding looking back at Bank Nifty in the last three months, we can get the overall idea about the market position in the last three months where we have seen sideways to breakout and huge selloff.
1st October 2020 - Thursday - EXPIRY DAY
BREAKOUT FROM BEARISH TRENDLINE - BREAKOUT HAS OCCURED IN THE PREVIOUS TRADING SESSION
HUGE VOLUME SEEN IN THE MARKET OPEN, FIRST CANDLE GAP IS MORE THAN 1%
DURING THE DAY, ACCUMULATION CAN BE SEEN IN THE MARKET, WHICH IS A SETUP FOR A BREAKOUT
2PM BREAKOUT GIVEN - BULLISH
5th October 2020 - Monday
MARKETS RESUMED ON MONDAY, FRIDAY TRADING SESSION WAS HOLIDAY (2nd October).
BULLISH MOMENT CONTINUED FROM THE PREVIOUS SESSION WITH MARKET OPEN.
HUGE VOLUME SEEN IN FIRST CANDLE.
MUTLIPLE REJECTION ON UPSIDE, SELLERS EVENUTALLY WON.
PROFIT BOOKING SEEN IN BANK NIFTY, STRONG SUPPORT WAS SHOWN IN PREVIOUS MARKET CLOSE.
SMALL BOUNCE BACK FROM SUPPORT.
SIDEWAYS MARKET FIRST 2HR & LAST HOUR - CONSOLIDATION
NO 2PM BREAKOUT.
Nifty Weekly Charts Tline Support BreachedNifty has given a break down on weekly charts falling below 3 years Trend line with volume and built up (indicated by eclipse in the chart).
D chart also suggesting HH and HL formation since 03 June 2019
Nifty PE still hovering around 27 levels indicating Nifty is still expensive.
Gold and $ movement also indicating bearish sentiments for equity market
On D charts 50 SMA has given a negative crossover with 150 SMA
Nifty is trading below 20 EMA, 40 EMA, 50 SMA and 150 SMA indicating ST and MT bearish movement.
FII's are continuously selling on Monthly basis
May 2019 - 2136 CR
June 2019 - 688 CR
July 2019 - 16870 CR and
Aug 2019 - 16000 CR
CMP - 10890
It will come back to retest 110060-70 levels before making the big move downwards.
Entry Criteria -
Look for shorting opportunity when Nifty will come for retest near 11050 levels.
Exit Criteria:
TGT looks like - 10024 and 9704
SL would be placed at 11200 levels
Risk: Reward - 1: 10
Suggestion appreciated.
10 Interesting Monthly Charts10 Monthly CHarts
---------------------------------
Below are the 10 charts on an intersting point in their lives.
BEML--> Testing Median
LUPIN--> Hovering on lifetime 618 FIB
TATASTEEL--> Testing Resistance/Supp Line
TATACOMM--> Testing Res/Sup Line
CEAT --> Testing Sup/Res Line
ADANI POWER--> Testing lifetime lows made 3 years ago
SHRIRAM TRANS FIN--> CHannel top edge
AMBUJA CEMENT--> Broke 9 year trendline
J&K Bank--> Testing low sup/resitance Line
PTC--> CHnnel Bottom edge
GOLD UPDATED CHARTS 77000-->84894!! Bullish Rally of 7894 PointsMCX:GOLD1!
This chart was of mini cup and handle pattern
made on 08/01/2025
completed all targets till 79265
Then,
This major Cup and Handle chart was made on 15/01/2025
completed all its target till 84880 !!
Total Rally Captured in MCX:GOLD1!
77000--------84894++
More Than 7894 points done (Lot size 100)
All updated Charts together....
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Check out full post on our Channel !!!
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Harm⭕nics4Life
05/02/2025
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Disclaimer & Risk Warning
I am not sebi registered analyst.
My all the above studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
Buy Hudco Bullish Railroad Track Pattern on Weekly Charts Buy Hudco Bullish Railroad Track Pattern on Weekly Charts
Buy Above 225 with target of 280 Stop Loss at 215
1.Fundamintal aspect : Company has been maintaining a healthy dividend payout of 41.8%
2. Technical Indicators:
- RSI: 47.33, indicating a neutral position.
- SMA: 26.4, suggesting the stock is trading above its simple moving average.
- VWAP: 225.73, slightly above the current price, indicating potential resistance.
3. Valuation Metrics:
- Market Cap: ₹633.9B - Trailing P/E: 29.99
- Price to Sales (TTM): 19.84
- Profit Margin: 66.2%, indicating strong profitability.
5. Investment Consideration:
- HUDCO has shown strong price appreciation and profitability.
- The high debt-to-equity ratio suggests potential financial risk.
DIXON showing some negative RSI divergence on the daily charts, the darling on the market for last year , it however looks like the pary will wind up sooner, there is some negative RSI divergence showing on daily charts, also the kind of over valuation @ 150 plus PE may not hold for long, price may slip down.
NMDC by KRS Charts 24th September 2024 / 10:30 AM
Why NMDC ❓
1. Today Gap-up and Strong Green candle with Good Volume and with Higher Low.
2. In 1M, it's a retest for Accumulation on resistance it broke before.
3. Conclusion in series for Easy Understanding,
⚡ First Accumulations > Breakout > Retest > HL > Today's Breakout ⚡
Targets are in the Charts many more Upside but after current Targets achieved 👍
SL is 190 Rs.
DJI - Dow Jones Industrial Index by KRS Charts 16th October / 6:58 PM IST
What is next possible Move for DJI ❓Technically.
1️⃣ As we can see, DJI is in HHs and HLs upside trend. With recent high small Flag Target is achieved so profit booking is expected. ✅
2️⃣ Along with it, Index is above 100EMA again bullish trend it confirms. View wise Market is Bullish and new upside Target can unlock after its breakout from above Red Resistance zone as we can see in Chart.
3️⃣ In case of correction all the supports are marked in Charts will possibly help market to Bounce back from those levels.
4️⃣ Despite of all lower support my view on DJI will stay Bullish until it will break Green Support Zones and stay underneath of 100 EMA ⚠️⚠️