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NIfty Pharma on Bigger TimeframeNifty Pharma index started it's rally after the 2008 crash and top out in 2015. Then it went for a long consolidation till 2020. After analyzing retracement with fibonacci levels I saw that it had took support on 0.618 level and again showed a bullish up move. It crossed it's all time high recently in 2021. Before crossing, sellers tried to change trend but failed and buyers took control lead to forming a bullish hammer and engulfing candle which confirmed a strong rejection. After breakout, for last few months it is in consolidation. These candles in consolidation had formed long lower wicks showing the strong rejections. It's important to see how this month's candle gives closing. In this month one attempt have been failed as wee can see a wick above consolidation zone. And it will confirm the bullish trend. This post is for information purpose only. This is my own analysis should not be consider as calls. Doing analysis in simplistic manner without indicators. Keeping it less complicated. Hope you all like it. Thank You
NSE:CNXPHARMA
by AkshayAdak
Bharti Airtel Breakout BUY intradayHello Friends Bharti Airtel has just given a big breakout Buy above 690 If it stay there for more than 15 min T1 698 T2 705 Sl 685 Bharti Airtel is overall bullish according to indicators. But there can be a small correction in the next week I have Bharti Airtel in delivery from level of Rs 535 And I am still bullish on it. Remember when the fundamentals are good then a stock may show a corrections due to technicla but it will always give you good returns on a long term I am learner just like you all and I am very happy to share whatever I learn everyday with you all and I am open to all your feedbacks Thanku
NSE:BHARTIARTLLong
by WillingTraders
2
Signs of Exhaustion in DJI The above chart is that of daily timeframe of DJI. We can see that the index has been following a long term support trendline from which it has taken support 5 times. This shows that the support may be weak now and it will be easier for sellers to break the support if the index moves any closer to the support. In addition, we can see that the RSI is flat to negative even when the index is making higher highs and higher lows. This signifies that even though the index is moving up it is not being supported by good buying strength. The index thus is showing signs of exhaustion. Thus the index may either consolidate at these levels or breakdown below the support trendline. Only when the index moves higher and considerably away from the support trendline supported by healthy RSI, one should go long. What should we do? If the stock consolidates for a considerable amount of time, and breaks out then only we should go for buying. Otherwise we should look for selling since it looks like a good selling opportunity. This is not a recommendation. It is a simple analysis employing only trendline and RSI Indicators. The index may not perform as predicted.
DJ:DJIShort
by tksthathachari
2
Bull flag formation and Breakout in Suzlon EnergySuzlon Energy has been in the news recently due the well performing Energy and Power sector. This stock offered promising Technical Indicators. There was good trend formation of Higher highs and lower lows, which is an uptrend. This started from the beginning of May, from when even the volume has been higher than the average of the last 6 months. The rally was kickstarted by a Bullish Marubozu candle and then there was a drop in prices. At the start of June, the bull flag set up started with price moving 5.75 to 7.61 and then it consolidated at 7.50 to completely establish the Bullish flag pattern. For an 18 day swing position this is a good move. Then, the candle broke out at 7.50, with volume increasing subsequently. It hit 7.85 and 8.15, before rallying further to 8.50 (Upper circuit). Following the range in which the stock is trading, its expected that the stock will fall before rallying further. (This is just a post market analysis and not any stock recommendation)
NSE:SUZLONShort
by Robert_Oppenheimer
Banknifty - Morning Star Pattern 10 AugWhat Does Morning Star Mean? A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. Traders watch for the formation of a morning star and then seek confirmation that a reversal is indeed occurring using additional indicators. The opposite pattern to a morning star is the evening star, which signals a reversal of an uptrend into a downtrend. Can we expect a bullish move .. please put your thoughts into comment.
NSE:BANKNIFTY
by kiranrshinde
4
LAURUS LABS LTD. • Chart Analysis:- On Hourly TF of LAURUS LABS LTD we can see that stock is making a symmetrical triangle which is a bullish signal but as we know market is supreme so patterns may fail . According our analysis stock will fall to our expected targets. We can confirm from 3 Indicators. o RSI on daily TF is in oversold range which is bearish signal o On DMI DI- line is above the DI+ line which is also a bearish signal o On Bollinger bands we can see that the band is stretched and 20 ema is above the candle stick. Short / Entry point- 679- 676 Short term targets • 670 • 661 • 648 Disclaimer - I am not sebi registered analyst so do your own research before investing , i can be 100 % wrong.
NSE:LAURUSLABSShort
by sakshamjais1
3
Gujrat Gas Breakout 1D chartSo I am taking this trade on my basic 'Atleast 3 reasons to take a trade rule'. All of these reasons are based on technicals and indicators. Reasons --------------------- 1. Breakout in Daily charts with high volume. 2. Breakout of 0.382 Fibo levels. 3. Both RSI and MACD suggesting an upmove. 4. Share price crossed 20 DMA while being significantly above 100DMA & 200DMA 5. It has crossed 20 MA, 100 MA, & 200 MA on 30m chart I would suggest a strong buy on this stock but this is just my view. Analyze and fact-check everything yourself before taking a trade
NSE:GUJGASLTDLong
by Anwar_Khan
1
ITC 1D~~Personal views on ITC LTD~~ Long on ITC for short to medium term. Price is taking support at the new trend line (Purple Trend Line ) and has given breakout on the previous descending trend line . I have used simple trend line analysis on daily time frame along with RSI and MACD indicators. RSI and MACD showing good strength with good volume . RSI going up with the price action following the trend line . Price is well above all moving averages and showing good strength. 20D SMA crossing 50D SMA on daily time frame. Refer to the Fibonacci levels for immediate target and support. ITC releasing Q4 results tomorrow, hopefully with good dividend which will push the stock further up. Today’s volume was also more than previous weeks average volume . ~~Do your own analysis before investing~~ ~~Feel free to share your views and learning’s~~
NSE:ITCLong
by GaganSingh10
SBIN 1D~~Personal views on SBIN~~ Long on SBI bank for short to medium term, if the price breaks the neck line with good volume on closing basis. I have used simple trend lines and rounding bottom analysis on daily time frame along with RSI and MACD indicators. RSI and MACD showing good strength with good volume. Price is well above all moving averages and showing good strength. Refer to the Fibonacci levels for immediate target and support. ~~Do your own analysis before investing. ~~Feel free to share your views and learning’s.
NSE:SBINLong
by GaganSingh10