Granules long opportunityNSE:GRANULES
Stock -> Granules
TimeFrame -> Weekly
Hello all!
Granules has been forming a flag and pole pattern.
It finally broke out of the flag in the last week of September with heavy volumes and I believe this generates a good opportunity to go long!
There are multiple other factors that strengthen my conviction on going long
-The stock is taking support from its 50-week EMA
-Stock has support from both 50 and 200-day EMA
-Flag breakout occurred after a strong bounceback from the Fibonacci golden zone.
The Risk to Reward ratio is also decent.
*NOT A CALL*
Disclaimer: Markets have been behaving a bit jittery. Hence it's advisable to trade with a smaller quantity than usual and maintain a strict stop loss.
#granules #nifty #technicalanalysis #swingtrading #ema #fibonacci #poleandflag #markets #trading #investing
Search in ideas for "EMA"
INFY more downside below 1518- Intraday LevelsIf INFY crosses below 1518 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
BANKNIFTY more downside below 35174- Intraday LevelsIf BANKNIFTY crosses below 35174 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA , looking at the direction, a fall is expected as the trendline is also broken on the downside.
NIFTY more downside below 16568- Intraday LevelsIf NIFTY 50 crosses below 16568 on Monday then a spectacular fall would be seen after a sweet pullback to one of the 10,20 or 50 EMA trending downwards.
The supertrend is also showing bearish signals.
As visible on the charts, the 10 EMA has crossed the 20 EMA, looking at the direction, a fall is expected as the trendline is also broken on the downside.
DIVISLAB - 50 EMA crossing 200 EMA from belowDIVISLAB - 50 EMA crossing 200 EMA from below in daily TF. It is currently consolidating b/w the range of 4377 and 4579. If it breaks out and closes above 4579 in daily time frame, we can go long. TP will be 4687. It can be a good short time swing trade. Target can be achieved in just few days.
DIVISLAB - Daily TF
Entry Above : 4580
SL : Below of the BO candle
TP : 4687
TP for long term : 5017
N.B. : Sharing my own view. For educational purpose only. You are welcome to correct me if you see any mistake in my analysis.
In Reliance, 200 EMA will act as crucial level with RSI and FibThe price at support level and 200 EMA will act as next crucial support .
The RSI divergence observes in daily time frame with Higher Low and fib level supporting the current price.
The price correcting in descending triangle pattern with double top rejection.
For Long Entry, EMA will be crucial level for any long trade.
For Short Entry, wait for 200 EMA violation and enter will be at retest level confirmation.
Key Points : Support & Resistance, Fib, RSI divergence, Triangle consolidation, Double Top Rejection, Moving Average
Thanks
ONGC Can fly after taking support in descending channel patternONGC is continuously making a descending channel pattern from 173. After breaking the 20 and 50 days EMA now it is about to touch 100 days EMA and this could work as a strong support for ONGC as there are both supports available at 138 . 1st is Descending channel pattern's trend line and 100 Days EMA also running around 138. You can take entry in it according to provided details on charts.
you can hold this scrip for medium term target of 172 if it cross the level of 153 with good volume and retest.
SRTRANSFIN - Short swing - respecting trend line bouncing EMASRTRANSFIN is bouncing off 200 ema and also respecting the trend line......currently it is in a sideways trend but the trend line showing slight positive bias of the ticker.....so i am expecting an up move.....the view hold wring if the trend line or the EMA is broken i.e candle closing below trend line or EMA
TVS Motors Fibo+EMAs+Multi time frame
In 30 mins time frame, the price has formed lower low and lower high, below 580 stock is weak. Dont buy until the 30mins structure changes to Higher High.
In 1 day stock is nearby its lower trendline, Currently close to 20Daily Ema and proper valuation in 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 61.80% retracement and also nearby 100 ema .
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 DMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Exideind Fibo+EMAs+Multitimeframe In 1 day stock is nearby its lower trendline, Currently took support from 50Daily EMA as shown on 1st chart. Also got some demand from the Demand zone. Breakout with high volume.
In 2Hrs timeframe it has completed 38.20% retracement and also supported by 200 ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
KOTAK BANK TAKING SUPPORT FROM 50 EMA IN 2 HRS ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
IT IS TAKING SUPPORT FROM 0.5 FIBO LEVEL AS WELL AS 50 EMA IN 2 HOURS TIME FRAME. IN 30 MINS IT IS GETTING SUPPORT FROM 200 EMA
BUY ABOVE 1840 OR SELL BELOW 1800; DEPENDS ON THE BREAKOUT.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Career Point - Bullish Engulfing at 21 EMANote: This is for educational purpose only.
There seems to be a Bullish Engulfing pattern on 21 EMA support with good volume. RSI is above 60 which indicates bullish momentum. Moreover, RSI shows a breakout as well. 21 EMA above 55 EMA which shows short term uptrend.
Buy above the high of current candle and SL should be few points lower than the low of current candle.
Nifty - Hammer on 50 EMANote: This is for educational purpose only.
Nifty has taken dynamic support previously on 50 EMA level. Hammer pattern seems to have formed on 50 EMA again. This level coincides with short term trend line support. However, the next candle is not bullish enough to close above the high of Hammer candle. RSI is below 50 which indicates loss of momentum. If next candle closes above the current candle, there would be a bullish move. If price breaks below 50 EMA, there would be further down move.