NSE:ADANIPORTS
Technically : it's in downtrend in proper 1D timeframe.
It entered into the downtrend on 22nd Dec'22 red candle and yet into that red candle consolidation zone (similar like #RELIANCE).
The solid support is at 780 level.
In upside, 850 is the major resistance . Above that 880/900 possible.
Right now, if one wants to invest , can buy...
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
The MID Cap index took support and bounced back. The level from which the index bounced was very strong inflection point. Two back to back bullish candle with good volumes indicates real interest in the stock. Moreover there is a long term positive signal in RSI and MACD is positive with bullish bias. All these indicate that mid caps may pick up pace in coming weeks.
HINDUSTAN UNILEVER LIMITED: The stock had a fabulous run in the last few months. In the last few weeks, the stock displayed a loss of momentum and correction occurred. Now the stock took a hit at an important pivot and corrected. The stock has minor support at 1995 – 2000 levels below which there may be a further correction to 1920 levels. However, a move above...
USDINR: The currency pair has pulled back in the past week, the last two sessions were positive and the prices managed to close above all resistance and pivot levels. The RSI is into a bullish zone and bounced from the bullish extreme zones. The MACD is positive and above zero. The pair is expected to move higher in the coming sessions. The pair may move to 72.25...
SUNPHARMA: The stock bounced off from a very strong support level. The momentum is supporting buyers. The RSI is well into the bullish range along with MACD which seems to be comfortable in bullish area too. A minor resistance is hindering the move at 430 above which a move past 500 levels are expected.
HDFC LIFE: The trend has been dominant up, the stock has doubled in just eight months time. During thr the last couple of weeks, the stock has been into correction. Now taking rest at the kumo. The RSI is also bouncing from the bullish oversold extreme. MACD is into bullish zone, prices are trading below the ks line, a move above the KS line will re establish...
NSE:OMAXAUTO
Only for education and information purpose. Should not be taken as a trading call.
CLOSING ABOVE 50 WILL GIVE A GOOD MOVE IT UP TO THE RANGE OF 70, 74
CHART BY HARMONIC LEARNING AND EARNING
Twitter @NPratap2006
From our analysis, It seems the pair attempts to breach its long term resistance repeatedly and is finally a D candle closed above 4/1 Gann Fan resistance
we expect the pair might reach new higher highs after this and would reach the expected target
Bank Nifty was trading in a small range for last few days and completed time wise correction.
Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top.
As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL.
Stop Loss below 50130...
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From simple moving averages (SMA) to Ichimoku Clouds and other complex ones, each indicator offers unique benefits that traders may use as they navigate through financial markets with confidence and precision....
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Stock is attempting a trendline breakout after a 5 month period.
Upside potential above 10500 while below 9500 short to medium term correction cannot be ruled out.
Stock has been an underperformer against the commodity sector while its losing its outperformance against the nifty index.
Happy Investing
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Stock has been in a 2 years decline and is now v close to a crucial support at 515 if breached then further downside could continue in the short term.
Resistance at 625 and 750
Overall a wait and watch scenario for the stock
Happy Investing
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S&P has entered the PRZ of a bearish Harmonic ABCD pattern. It gets activated below 5175 and negated above 5210
A reversal from here could form a lower high in the index
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Stock is in a strong uptrend which has now come close to its weekly upper channel with a bearish harmonic deep crab pattern in the daily time frame.
Strong support between 180-150 while resistance at 210
It would be a buy the dip stock or fresh additions above the weekly channel
Happy Investing
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Initial Rise (2010-2017):
The stock had a significant rise from a price of 1.40 in June 2010 to a peak of 940 in 2017, marking a...
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Nifty at the lower end of a parallel channel which matches with the trendline breakout.
As long as its above 21575 it could do another ATH towards the upper end of the parallel channel.
All the best
