Mindtree Hourly Charts Near BreakdownMindtree on Hourly Charts looking very weak, Trading with Huge volumes and Looking weak Below 2790 Mindtree Future Can see Sell off with Stoploss of 2835 Targets Expected are 2730-2700 in next 1-2 Days
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USDJPY SHort - Daily Analysis - Target - Sl details On chartsUSDJPY SHort - Daily Analysis - Target - Sl details On charts
BEL huge rally seems on chartsBEL is looking very strong and after a good consolidation for weeks between 200-230 for multiple weeks you might see some very good movement here.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
#Balkrishna Industries Bullish trend on charts Balkrishna got rejected from critical zone of 2200 levels. Any break above will give a bullish entry with targets of 2700 above in medium term. Trade setup is bullish for medium term targets. Educational purposes only.
Will update my entry as per charts
Godawari Power-GPIL- Cup n handle breakout- Daily ChartsGodawari Power-GPIL- Cup n handle breakout- Daily Charts
Breakout abv 400 DCB, First tgt 440(handle tgt)
Final tgt 400+165=565(550 to 570).
other multiple formations, if cross abv 440 dcb, which takes tgt to 1000+
Fundamentals:
Company with good fundamentals, available at a decent PE of 4.5.
mkt cap to sales is 1, ROCE of 37%,means if one invest 5000 cr and takes over this company at current valuation, it wud take him just 4 years to recover his invested capital. Isn`t it too cheap?
Gud company to hold for long term tgts of 1000+
Promoter holding 67%. Debt to Equity is 0.18. Mkt cap 5000 cr.
Discloure: Holding for long term
Regards
mayank
#Adani Power Bullish trend on chartsAdani Power Update
adani power has consolidated over the last four weeks between the range of 120 to 130
Gave a price and volumes break out on the charts in the last trading session
Levels as per Ichimoku
The chart is bullish as all the parameters such as bullish breakout outside the cloud
then no resistance in front of chikou. Seems bullish for 180 / 195 levels or above in short term
Only for educational purposes
#SUPREME PETROLEUM bullish trend on charts Supreme has given a breakout from the cloud
Can be a good hold for medium term
no resistance in front of chikou with strong uptrend on the charts
educations purpose only
Bank Nifty- Remains Bullish on weekly charts, 38832 critical Bank Nifty has closed at R3 resistance around 38832. If this level is breached then we could see a resumption of bullish uptrend again.
For the moment it is well above 50/100/200EMA on weekly charts indicating bullishness.
PCR at 0.61 is oversold and contra indicates a rebound upwards.
FIIs having sold 45417cr so far in 2022 have been putting pressure on index stocks. Net FII/DII YTD is 21214cr sold.
PCR on Monday is narrow, indicating a trending day.
Global cues remain worrisome, on the downside support is at 38249/37133. On upside above 38832 resistance is 38891/39k/39.5k/39802.
Let us watch if 38832 is breached. What do you think?
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Nifty 27Jan'22: Possible Double Bottom on the intraday charts Another negative close from the Nifty benchmark index today – losing 173 points to post a close at 17,110. The day's loss could have been worse, but thanks to the banking and financial stocks, especially the public sector ones, which led to a phenomenal upward momentum leading to a decent bounce back for the Nifty index from its intraday low of 16,862. The underlying short-term trend of the index is down, and its the intermediate trend which is now vulnerable for a reversal. Many sectors like IT, Pharma and Media have already turned down on its intermediate timeframe and can be looked at as shorting opportunities. We have an early sign of a double bottom reversal pattern on the intraday charts of benchmark Nifty, and so this can lead to some bounce back, if at all, in the following few training sessions. However, that does not mean that strategically one should go aggressively bullish; on the other hand, one should be extra careful as the degree of underlying volatility is still exceptionally high.
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