Hikal - Strong Fundamentals and Possible Technical UpmoveHikal Ltd., has a well diversified business portfolio and, is growing its revenue Y-O-Y since long period (excepting 2020 & 2021). Also, it is expected to post all time high revenue during FY 22.
OPM is also maintained at around 19-21% consistently over the years.
Technical Indicators:
1. Negative Retracement Points: It has already corrected down to 61.8% of its last rally
2. RSI is improving
3. Consolidation phase seems getting over
SL: 414
Disc.: I am not a SEBI Registered Investor and this is not a buy recommendation, but just a research purpose idea.
Search in ideas for "INDICATORS"
Shemaroo - Trend ReversalShemaroo corrected long way from 169.3 on 23/09 to 116.60 on 20/12. Since then, it is creating a healthy consolidation.
Positive Indicators:
1. Trend Breakout: Breakout from a negative trend
2. Positive RSI divergence
3. RSI Crossover with price breaking out of negative trend
After clearing out of 131, next strong resistances are around 135-140. Then on, it has a huge upside potential with targets of 153, 165, 175 and then it will be in open chart area.
SL: 115
HDFC at all time high.HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss.
Other indicators:-
Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe.
Trend= ADX's value is above 25 shows strong trend.
Relative Strength= HDFC is out performing both NIFTY50 and Financial Services Index.
Entry= above 2950
Stoploss= 2700
Target=3400
This is the Chart predictions for REEF tradeI am a newbie and learning TA for my own trades. I have made this chart prediction for the trade I placed based on the following Indicators:
1. Pivot- for Support and Resistance
2. Fib Retracement for the levels of the retracement a trade can make.
3. Gann Fan to check it's diagonal resistance and support levels.
4. Pitchfork Indicator - to find out the channel/range in which the uptrend which I spotted is moving.
I hope you guys can correct me if any mistakes i have made here by commenting on it and providing ur valuable suggestions.
I will keep on posting time to time from now on.
Thanks.
Swing/Short Term Trade in Petronet LPGSimple Price Action Analysis without Indicators:
This is a weekly chart. We can observe a long term demand zone spanning over several years at the levels of 210-220. This is a strong demand zone. In addition, we can observe a falling Resistance Trendline. The buy and sell levels along with SL has been given in the chart. Very safe trade.
A RR ratio of - 1:2
Disclaimer:
This recommendation is for educational purposes only. Please consult your financial advisor before taking any buy/sell decision.
IDBI - IDBI BANK LTD Bullish!ON 12TH MARCH Watch for IDBI.
SHORT TERM AND POSITIONAL CALL FOR TARGET 41/42/43.70
STOP LOSS: 35.0
Highlighted in rectangle to Mark Trend Reversal after previous 2 day short covering and ready to move up.
1) MACD -Good
2) RCI - Good
3) Volume - Good
Looks positive move from here
Other technical aspects
1) Moving Averages: BUY
2) Technical Indicators: STRONG BUY
3) Only concern is Overbought, but since market seems to be positive on 12th March 2021, script seems good to move.
RSI(14) 71.261 Buy
STOCH(9,6) 70.427 Buy
STOCHRSI(14) 89.344 Overbought
MACD(12,26) 1.780 Buy
ADX(14) 50.217 Buy
Williams %R -12.821 Overbought
CCI(14) 119.5536 Buy
ATR(14) 2.4071 High Volatility
Highs/Lows(14) 3.5786 Buy
Ultimate Oscillator 50.706 Neutral
ROC 18.238 Buy
Bull/Bear Power(13) 6.0820 Buy
Summary: STRONG BUY
NOTE: THIS IS TRULY BASIS MY FINDINGS AND ANY POSITION OR TRADE ON THIS STOCK WILL BE AT YUR OWN COST, TIME AND RISK.
(COMEX) GOLD SPOT - Next Big Move (EWT)(COMEX) GOLD SPOT started to make the bearish Elliott wave. After making the 3rd wave, it started to make the 4th wave. It may see 1970+
The trend will fall again after a particular level around 1965 , to make the 5th wave. And after taking a reversal, it will fall up to the dynamic support. After the breakout of the dynamic support, it will hit 1900 - 1886 , up to the resistance, and after breaking resistance, the trend will touch 1850 - 1790 .
But what if starts to move upside?
1. If it starts to move upside,
2. Or takes a reversal from a particular level
Then it's the failure of the Elliott wave pattern. And the target for the uptrend is as following 1979 - 2000 .
Analysis Based on the indicators:
DMI - ADX is less than 25 means downside movement, and +DI is above -DI that shows an uptrend.
RSI is showing a downtrend.
Cup & Handle - Attempt#2 - Nestle - TGT 18600 - 19700Nestle is showing 3 Bullish Indicators:
1 - Cup & Handle breakout 2nd time over 17500 - 17600, which is the neckline
2 - RSI > 60, beginning to show strength
3 - Overturn on MACD again and quick crossover of MACD line over Signal Line, indicating +ive divergence of moving averages.
4. High Volume spurt seen and highlighted in chart. Recovery from 17000 level on the same day. Show lower price rejection
Coming to takeaways:
1. Basis Cup & Handle breakout, TGT 1st TGT should be 18600 in approx 30 session to 19700 maximum.
2. SL should be Low of highest volume day seen recently which is 17000 and it is also the 1/2 of neckline.
Disclosure -
1. Consult your advisor before making any calls. This blog is for educational and back testing purpose only.
HINDUNILVR - BULLISH BREAKOUT!!#HINDUNILVR
- GAVE AN UPPER BREAKOUT FROM THE CHANNEL
INDICATORS:
RSI IS EXTREMELY BULLISH
BSM IS IN POSITIVE ZONE
TT2 TREND IS BULLISH
COMMENTS:
BUY ABOVE 2275
SL 2200 / TSL 100EMA
TGTS 2330/2400
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
BRITANNIA - EXTENDED TARGETSBRITANNIA INDS #BRITANNIA
- MOVING IN AN UPWARD TRENDING CHANNEL
- HIGH BUYING VOLUMES CAN BE SEEN FROM PREVIOUS SESSIONS
INDICATORS:
- RSI IS EXTREMELY BULLISH
- BSM IS IN POSITIVE ZONE
- CVD IS POSITIVE
- TT2 TREND IS BULLISH
COMMENTS:
BUY ABOVE 3835
SL 3710 + BUFFER
TGT 3930
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TECHM - UPWARD TRENDING CHANNEL#TECHM
- HAD A STRONG BULLISH RUN TODAY.
- MOVING IN AN ASCENDING CHANNEL.
- BROKE 100EMA WITH VOLUME.
INDICATORS:
RSI IS BULLISH
CVD IS POSITIVE
BSM IS IN BUYING ZONE
TT2 TREND IS BULLISH AS WELL
COMMENTS:
1. BUY ABOVE 608.5
SL 562
TGTS 200EMA/ 400EMA/ 681
2. SELL ONCE LOWER CHANNEL IS BROKEN
SL 606
TGTS 541/ 526/ 500
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
BANKNIFTY - CURRENT LEVELS#BANKNIFTY
CURRENT SUPPORT - 100SMA / 22275
BELOW 22275
NEXT SUPPORT - 200SMA / 22010 FOLLOWED BY 21775 / 21400
CURRENT RESISTANCE - 22470
ABOVE 22470
NEXT RESISTANCE - 50 SMA / 22746 / 22978/23080
INDICATORS:
RSI - BEARISH
BSM - SELL ZONE
TT2 TREND - BEARISH
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
HDFCBANK - BEARISH IN 30MINSHDFC BANK #HDFCBANK
- SAW AN AGGRESSIVE SELLING IN THE LAST SESSION.
- MOVING IN AN UPWARD TRENDING CHANNEL
- TAKING SUPPORT FROM 100SMA AND LOWER CHANNEL.
INDICATORS:
RSI - BELOW 40-LEVEL AND IS BEARISH
TT2 TREND IS BEARISH IN 30MINS
BSM IS CURRENTLY IN SELL-ZONE
COMMENTS:
1. SELL BELOW 1098
SL 50SMA
TGT 1091/1082/1068
2. BUY ABOVE 1111
SL 100SMA
TGT 1119/1130/1135
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
DLF LTD - DESCENDING CHANNEL PATTERNDLF LTD #DLF
- MOVING IN A NARROW RANGE
- FORMED A DESCENDING CHANNEL PATTERN
- TAKING RESISTANCE FROM 50SMA.
INDICATORS:
RSI IS SIDEWAYS
BSM HAD INITIATED BUYING ZONE
TT2 TREND IS ALSO BULLISH IN 30 MINS.
COMMENTS:
1. BUY ABOVE 50SMA
SL 143
TGTS 100 SMA / 155.90
2. SELL BELOW LOWER CHANNEL
SL 147
TGTS 141 / TRENDLINE (BLACK) / 134
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
PIDILITIND - 30MINS ANALYSISPIDILITE INDUSTRIES #PIDILITIND
- MOVING IN A DESCENDING CHANNEL.
- TAKING SUPPORT FROM TRENDLINE.
INDICATORS:
RSI - AT 50-LEVEL AND IS SIDEWAYS
CVD - NEUTRAL
TT2 TREND- BEARISH IN 30MINS AND DAILY
COMMENTS:
1. SELL WHEN TRENDLINE IS BROKEN WITH VOLUME AND CONVICTION
SL 1390
TGTS 1357/1346
2. BUY WHEN UPPER CHANNEL (RED) IS BROKEN (~ 1390)
SL TRENDLINE + BUFFER
TGTS UPPER TRENDLINE/1419
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
CUMMINSIND - NARROW RANGE IN A DESCENDING CHANNELCUMMINS INDIA #CUMMINSIND
- MOVING IN AN EXTREMELY NARROW RANGE AND IN A DESCENDING CHANNEL.
- TAKING RESISTANCE FROM 400EMA.
INDICATORS:
- RSI IS NEAR 25-LEVEL AND IS BEARISH
- CVD IS NEGATIVE
- TT2 TREND IS BEARISH IN 30MINS AND DAILY TF
COMMENTS:
1. BUY ABOVE 400
SL 400EMA OR 388
TGTS 100EMA/410/415
2. SELL BELOW 388
SL 400EMA
TGTS 388/380/371
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TATASTEEL - MOVING IN AN UPWARD CHANNEL!!TATA STEEL LTD. #TATASTEEL
- MOVING IN AN UPWARD CHANNEL
- TOOK SUPPORT FROM 400EMA, THEN 200EMA AND NOW FACING STRONG SUPPORT FROM 100EMA.
INDICATORS:
RSI IS BELOW 50-LEVEL
CVD IS NEUTRAL
TT2 TREND IS BEARISH IN 30MINS
COMMENTS:
1. SELL BELOW 100EMA/335
SL 341
TGTS 327/400EMA/320
2. BUY ABOVE 342
SL 100EMA
TGTS 348.351
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
AMARA RAJA BATTERI - NARROW RANGE!!AMARA RAJA BATTERI #AMARAJABAT
- MOVED IN AN INSIDE BAR PATTER FOR THE ENTIRE LASS SESSION.
- FORMED AN EXTREMELY NARROW RANGE AND A TRIANGLE PATTERN IN A BROADER TINE RANGE.
INDICATORS:
RSI IS NEAR 50-LEVEL
CVD IS NEUTRAL
TT2 TREND IS BEARISH IN 30MINS
COMMENTS:
1. SELL BELOW 690
SL 701.40
TGTS 686/682/200EMA
2. BUY ABOVE 701.5
SL 100EMA
TGT 707/718
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
HCLTECH - ASCENDING CHANNELHCL TECHNOLOGIES #HCLTECH
- MOVING IN AN UPWARD TRENDING CHANNEL
- FORMED AN INSIDE BAR PATTERN
INDICATORS:
RSI - ABOVE 60-LEVEL AND IS BULLISH
CVD IS POSITIVE
TT2 TREND IS BULLISH AS WELL
COMMENTS:
1. BUY ABOVE 594
SL 573
TGTS - 623/634
2. SELL BELOW 573
SL 394
TGTS 561/542/527
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
COLPAL - 30MINS ANALYSISCOLGATE-PALM (IND) #COLPAL
- FORMED A TRIANGLE PATTERN
- TOOK SUPPORT FROM 400EMA ON 30MINS CHART.
INDICATORS:
RSI IS AT 60-LEVEL AND IS BULLISH
TT2 TREND IS BEARISH IS 30MINS & BULLISH IN DAILY TF.
CVD HAS TURNED POSITIVE
COMMENTS:
1. BUY ABOVE 1405
SL 100EMA
TGTS 1418/1425/1434
2. SELL BELOW 400EMA
SL 1395
TGTS 1361/1350
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TATA MOTORS LTD - TRIANGLE PATTERN!!TATA MOTORS LTD. #TATAMOTOR
- MOVING IN A NARROW RANGE
- TAKING SUPPORT FROM 100EMA AND THE TRENDLINE
- FORMED A TRIANGLE PATTERN ON 30 MIND CHART
INDICATORS:
RSI - 50-LEVEL; SiDEWAYS
CVD - NEGATIVE
TT2 TOOL IS BULLISH
COMMENTS:
1. IF UPSIDE BREAKOUT IS GIVEN
BUY ABOVE 109.6
SL 100EMA
TGT 111.25/112.6/114.25
2. FOR DOWNSIDE BREAKOUT
SELL BELOW 104.35
SL 100EMA
TGT 102.8/100.45/99
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
ASIAN PAINTS LTD. - TRIANGLE PATTERN!!ASIAN PAINTS LTD. #ASIANPAINT
- MOVING IN A NARROW RANGE
- FORMED A TRIANGLE PATTERN
- TOOK RESISTANCE FROM 100EMA AND SUPPORT FROM 200EMA ON 30MINS CHARTS.
INDICATORS:
RSI IS NEUTRAL
TT2 IREND IS NEARISH IN 30MINS BUT BULLISH IN DAILY
CVD IS NEUTRAL BULLISH
COMMENTS:
1. FOR UPPER BREAKOUT
BUY ABOVE 1720
SL 200EMA
TGTS 1745/1762/1783
2. FOR LOWER BREAKOUT
SELL BELOW 1685
SL 100EMA
TGTS 1660/1649/1635
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
TATA CONSULTANCY - TRADING BETWEEN 50EMA AND 100EMATATA CONSULTANCY #TCS
- MOVING IN A NARROW RANGE
- FORMED A TRIANGLE PATTERN
- TAKING SUPPORT FROM 100EMA AND RESISTANCE FROM 50EMA.
INDICATORS:
RSI IS BELOW 50-LEVEL AND IS BEARISH
CVD IS NEGATIVE
TT2 TREND IS BEARISH IN 30 MINS
COMMENTS:
1. BUY ABOVE 50EMA
SL 100EMA
TGTS 2246/2277/2300
2. SELL BELOW 100EMA
SL 50EMA
TGTS 2160/2130
KEEP AN EYE!!
NOTE - BREAKOUT HAS TO HAPPEN WITH MORE THAN AVERAGE VOLUME AND THE FOLLOWUP CANDLE MUST SHOW CONVICTION!!
***Always keep buffer with target and SL level
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.