Hello Guy's i hope you all will be doing good in your life and your trading as well, i have brought another stock which has given breakout of triangle pattern and price is sustaining above the breakout zone, stock has given huge volume spike while breakout, it means there is higher probability for upside from here, short term to long term bet can be bet from here....
Andhra Petro is making a cup and handle pattern. A breakout will take the price to 186 as the first target. Other factors:
1. Using the Fibonacci tool, we can see the price has crossed its 50% resistance. Ideally, once price again moves above 38.2% is considered to be an entry point. However, given other factors, an entry can be made.
2. Volumes has increased...
Hello dosto. Hope you all are fine.
I am back with a new stock analysis.
The levels are marked in the chart.
Marico is good large-cap FMCG company.
The stock has been consolidating for few years, and recently gave a very good breakout.
I hope it will push further and reach the mentioned levels.
Yearly profit growth is good. Although, quarterly results for the...
The price structure exhibits that the VeChain price was in an upward trend from the end week of October 2023. It built higher high peaks and lows until reaching the supply level at $0.0511.
The price made three unsuccessful attempts in order to surpass the resistance at the supply level but failed as bears pushed it toward the downward side. The VET price...
The Starknet (STRK) started from a bull run in March and rose fabulously up to $2.65 price by March 13th, 2024, this surge was more than 1200%. The bulls were not sustainable at that time, and deteriorated in a declining wedge, and the price corrected slowly, until it reached and formed support at $1.05 by May 20th, 2024.
Moreover, after 21st May, the price has...
Glenmark making head and shoulders on a bigger and smaller timeframe. Moving towards a target of 1100+. Other factors:
1. RSI moving up
2. MACD becoming positive
3. Volumes steady
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
Marico is making a cup and handle & a rectangle pattern on weekly time frame. Once breakout is done, we can see levels of 760-800. Keep monitoring and once breakout is done, we can see quick moves given FMCG sector is go-to sector now. Other factors:
1. Volumes have increased substantially, pls see weekly volumes
2. RSI is above 60
3. MACD is becoming positive...
Date : 16-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 2,069.60
Targets: (1) Rs. 2,098 --> (2) Rs. 2,278 --> (3) Rs. 2,571
SL : Rs. 1,938 on daily close basis
Technical View:
• NSE:BDL is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 2,097.95 on 25-Apr-2024, it has retraced 14% to...
Date : 17-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 248.2
Targets: (1) Rs. 255 --> (2) Rs. 275 ++
SL : Rs. 221 on daily close basis
Technical View:
• NSE:BEL is in its primary uptrend and also going through it's secondary uptrend.
• Within the current secondary uptrend, NSE:BEL has retraced 9% from top and again started the upward journey...
Date- 3rd April 2024
Time - 11:30 Am
D P Wires has a Good Fundamentals Figures and giving Dividends too.
While,
Technically it is showing bullish Continuous Divergence in MACD compared to Price Action and has already given strong green candle for reversal confirmation.
Also, Price is reversal from 100 EMAs support and also all over D P wires is Bullish...
Technical Outlook Of Cosmos (ATOM) Crypto Price
ATOM price had been doing great until March 7th, 2024, when the price was rallying and reached $14.20. However, the price was not able to hold on to its gains and plunged, by following a declining trendline.
However, the Cosmos crypto fell up to $7.20, which gave candle closing to form a support at $8.00 by...
At press time, the RNDR price has traded at $10.36, with a market capitalization of $4.02 Billion. The RNDR 24-hour trading volume on all major tradeable platforms amounted to $167.89 Million.
Analyst Captain Faibik highlighted optimism on X, noting that Render Token (RNDR) has been on the verge of another breakout on the 1-day chart.
Faibik further...
Gold braces for the first weekly gain in three even as it seesaws at the highest level in a fortnight early Friday. That said, the precious metal’s latest inaction could be linked to the cautious mood ahead of the US monthly employment data including the headline Nonfarm Payrolls (NFP). Even so, the quote’s capacity to reverse from a month-old rising support line,...
Date : 14-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 173.15
Targets: (1) Rs. 185 --> (2) Rs. 214
SL : Rs. 154 on daily close basis
Technical View:
• NSE:IREDA is in its primary uptrend and was recently going through it's secondary downtrend.
• After touching the high of 192.20 on 29-Apr-2024, it has retraced 17% to 158.70 level.
• On 14-May-2024,...
Date : 14-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 4,074.70
Targets: (1) Rs. 4,275 --> (2) Rs. 4,650 ++
SL : Rs. 3,670 on daily close basis
Technical View:
• NSE:HAL is in its primary uptrend and also going through it's secondary uptrend.
• Within the current secondary uptrend, NSE:HAL has retraced 5% from top and again started the upward...
Date : 14-May-2024
Rating : Buy - Positional Trade
LTP : Rs. 1,343.20
Targets: (1) Rs. 1,508 --> (2) Rs. 1,718 ++
SL : Rs. 1,170 on daily close basis
Technical View:
• NSE:COCHINSHIP is in its primary uptrend and also going through it's secondary uptrend.
• Within the current secondary uptrend, NSE:COCHINSHIP has retraced 15% from top.
• On...
The price of Injective token began to show a bullish trend in October 2023, rising from $7.75 and forming a pattern of higher highs and higher lows. This upward movement continued until it reached a resistance level of $52.10 on March 12th.
During its upward movement, INJ encountered resistance at $44, making three unsuccessful attempts to break through before...
