TechMahindra has made double bottom and once the neckline breaks we can expect a movement beyond 1550. How to trade:
Option 1: we can trade now as it is following 20EMI till the neckline i.e.1311 and then once it breaks the neckline we increase position size
Option 2: Let's wait till neckline is broken (conservative) and we can also wait once it breaks neckline...
A Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:BRITANNIA
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis...
SURYAROSHNI is showing cup and handle Breakout on weekly chart. fundamental is also good. check on ( www.screener.in ) Volume is also good.
CMP : 975
TG : 1400
SL : Below 21 EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume, Delivery & VWAP.
3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up.
4:...
USDJPY fades the previous day’s corrective bounce off a five-month low amid sluggish markets on the final trading day of 2023. In doing so, the Yen pair extends the mid-week pullback from 200-SMA even as the oversold RSI (14) and the sluggish MACD signals challenge bears. Also putting a floor under the risk-barometer pair is a 50% Fibonacci retracement of the...
Introduction: NTPC is India’s largest power utility with an installed capacity of 73,824 MW (including JVs), plans to become a 130 GW company by 2032. Established in 1975, NTPC aims to be the world’s largest and best power major.
NTPC has comprehensive Rehabilitation & Resettlement and CSR policies well integrated with its core business of setting up power...
The stock hit a fresh 52-week high of 151.30 on 10th May 2021, but failed to hold on to the momentum, falling about 58% .
SAIL took support at the lower trendline of the wedge pattern on 21st June 2022 and bounced back from a 52W low of 63.60 to a high of 93.90 on 19th Jan 2023, rising about 47% .
In terms of price action, the stock is trading well...
Another PSU Gujarat State Fertilizers & Chemicals ltd a government company has given long 1.5 year Consolidation Breakout with good amount of volume. fundamental is also good you can check on below link... ( www.screener.in )
CMP : 186
TG : 240
SL : Below 21 daily EMA
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout.
2: Support : Volume,...
EURUSD remains firmer at the highest level since late July while justifying the previous day’s upside break of a four-month-long previous key resistance line, now support around 1.1040. Adding strength to the upside bias are the bullish MACD signals and broad fundamental weakness of the US Dollar, especially amid the Fed rate cut concerns. The same suggests the...
A bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:ICIL
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Weekly closing...
An On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:ADANIPOWER
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Risk to Reward ratio will be 1:2...
As we can see the reversal sign from MACD pointbof view where positive divergence is going to happened, and RSI is at 60 which indicates bullish momentum, so can have look for 470 CE jan expiry. Thanks
Sixth attempt to cross hurdel 3962, positive divergence of MACD and RSI bullish on weekly chart, all moving avg are positive on weekly chart. Now trade setup for next month is below :-
1. 3800 CE Jan expiry @ 180.
2. 4000 CE Jan expiry @ 120 to 140.
We need to identify the price action of the security which is important for call option buyers. So one can wait to...
GBPUSD struggles to defend the previous weekly gains as bulls lack incentive amid Christmas and Boxing Day holidays in the UK. As a result, the Cable pair eases within a two-week-old bullish pennant. However, the upbeat RSI (14), not overbought, joins the bullish MACD signals to highlight the 1.2630 support confluence comprising 100-SMA and the stated pennant’s...
Positive crossover of MACD, Bullish RSI with cup and Handel formation, assets breakout above 1300 with strong price action and volume, can look for 1300 ce Jan and 1360 ce Jan series.
LEARN AND EARN, Thanks
SUN TV is showing trendline Breakout with good amount of Volume. fundamental is also looking good. Since 2018 it was showing a LH--LL formation but as per looking on chart the trend has change and after consolidation, it is making HH--HL on monthly chart. This is a good sign..
CMP : 605
TG : 900
SL : Below 9 weekly EMA
Stock's selection based on 5 Point...
A consolidation zone, also known as a trading range, occurs when a stock's price moves within a relatively narrow range, exhibiting neither a clear uptrend nor downtrend. Traders and investors often refer to this period as a "sideways market" or "range-bound market." Identifying stocks in a consolidation zone can be useful for traders who employ range-bound...
The stock was in in down trend as u can can see marked with arrow, on the weekly chart, we can see a positive crossover alongwith volume built in next coming days, and stock crossed centre line of MACD, so point is this, we need to identify these type of stocks which can be bought at lower level for next 8 to 10 months.
