Equitas Holdings: Bullish break-outEquitas holdings has been forming a triangle pattern where 56.50 level has been acting as a strong resistance since late April.
Price tested the upper resistance zone of 56.50 around 3 times in late April, once in mid May and multiple times in the last week of June. Thus, making it a strong resistance. Further, in the lower side, price has been obtaining support along the trend line ranging from 41 to 45 to 48 thereby reducing the size of the triangle.
On 7 July 2020, Equitas holdings broke the strong resistance of 56.50 with a huge volume spike (largest in 3 months) and closed above the resistance line at 58.90 signalling a bullish break out. Measuring the average height of the triangle, the stock is expected to gain at least 10 points from the break out zone.
Long: 59 (or if there is a pullback - close to 57)
Target 1: 66; Target 2: 69
SL: 52
Technicals:
1. MACD: Steep divergence in the making as the MACD level line cuts the MACD signal line from below.
2. Price strongly cuts and closes above 200 EMA
Search in ideas for "MACD"
Divergence reversal LongIndicators are telling that price may try to reverse at this level, specially the RSI divergence when appears in oversold area. I will go long with small stop loss just some ticks below the low made today. IF it works it can give decent return so one can take chance by risking small amount. Good Luck
PNB HOUSING FINANCE LTD (PNBHOUSING)PNB HOUSING FINANCE LTD has successfully broken out of a cup and handle pattern, suggesting a potential uptrend.
The increasing volume and RSI above 50 confirm the bullish sentiment.
RSI: The RSI is currently above 50, indicating a bullish trend.
MACD: The MACD line is above the signal line, indicating a bullish trend.
Moving Averages: 50-day moving average is also approaching the price from below, which could provide additional support.
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
AXISBANK // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Axis Bank (AXISBANK) based on a 4-hour chart:
**Resistance Levels:**
1. 1,045 - 1,050 (previous high)
2. 1,060 - 1,070 (psychological level)
3. 1,080 - 1,090 (resistance zone)
**Support Levels:**
1. 1,030 - 1,040 (previous low)
2. 1,020 - 1,030 (psychological level)
3. 1,010 - 1,020 (support zone)
**Key Levels:**
1. 1,040 - a crucial level to watch for trend continuation or reversal
2. 1,020 - a potential reversal zone
**Notes:**
* Axis Bank is currently trading around the resistance level of 1,040.
* A break above this level could lead to further upside momentum.
* A break below the support level of 1,020 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 55, which is in the neutral zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bullish crossover.
* Bollinger Bands: Axis Bank is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the bank's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
RELIANCE // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Reliance Industries (RELIANCE) based on a 4-hour chart:
**Resistance Levels:**
1. 2,470 - 2,480 (previous high)
2. 2,500 - 2,510 (psychological level)
3. 2,530 - 2,540 (resistance zone)
**Support Levels:**
1. 2,370 - 2,380 (previous low)
2. 2,350 - 2,360 (psychological level)
3. 2,330 - 2,340 (support zone)
**Key Levels:**
1. 2,450 - a crucial level to watch for trend continuation or reversal
2. 2,360 - a potential reversal zone
**Notes:**
* Reliance Industries is currently trading around the resistance level of 2,440.
* A break above this level could lead to further upside momentum.
* A break below the support level of 2,360 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Reliance Industries is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
BANKNIFTY // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for the Bank Nifty (BANKNIFTY) based on a 4-hour chart:
**Resistance Levels:**
1. 34,400 - 34,500 (previous high)
2. 34,600 - 34,700 (psychological level)
3. 34,800 - 34,900 (resistance zone)
**Support Levels:**
1. 33,700 - 33,800 (previous low)
2. 33,500 - 33,600 (psychological level)
3. 33,300 - 33,400 (support zone)
**Key Levels:**
1. 34,300 - a crucial level to watch for trend continuation or reversal
2. 33,500 - a potential reversal zone
**Notes:**
* The Bank Nifty is currently trading around the resistance level of 34,200.
* A break above this level could lead to further upside momentum.
* A break below the support level of 33,500 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 55, which is in the neutral zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bullish crossover.
* Bollinger Bands: The Bank Nifty is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
TITAN // Levels // 4 hour "Welcome to SkyTradingZone "
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Here are the levels for Titan Company (TITAN) based on a 4-hour chart:
**Resistance Levels:**
1. 2,240.00 - 2,250.00 (previous high)
2. 2,260.00 - 2,270.00 (psychological level)
3. 2,280.00 - 2,300.00 (resistance zone)
**Support Levels:**
1. 2,160.00 - 2,170.00 (previous low)
2. 2,140.00 - 2,150.00 (psychological level)
3. 2,100.00 - 2,120.00 (support zone)
**Key Levels:**
1. 2,200.00 - a crucial level to watch for trend continuation or reversal
2. 2,120.00 - a potential reversal zone
**Notes:**
* Titan Company is currently trading around the resistance level of 2,200.00.
* A break above this level could lead to further upside momentum.
* A break below the support level of 2,120.00 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Titan Company is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's performance in the jewelry and watchmaking industry, as well as any changes in its business strategy or partnerships with other companies in the industry, can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on Titan Company's quarterly results, sales growth, and brand recognition, as well as any changes in global consumer spending habits or trends in the jewelry and watchmaking industry that may impact the company's performance.
WIPRO // Levels // 4 hour "Welcome to SkyTradingZone "
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Here are the levels for Wipro (WIPRO) based on a 4-hour chart:
**Resistance Levels:**
1. 444.50 - 454.50 (previous high)
2. 458.00 - 468.00 (psychological level)
3. 472.50 - 482.50 (resistance zone)
**Support Levels:**
1. 430.50 - 440.50 (previous low)
2. 422.00 - 432.00 (psychological level)
3. 410.00 - 420.00 (support zone)
**Key Levels:**
1. 436.50 - a crucial level to watch for trend continuation or reversal
2. 418.50 - a potential reversal zone
**Notes:**
* Wipro is currently trading around the resistance level of 436.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 418.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Wipro is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's performance in the IT sector, as well as any changes in its business strategy or partnerships with other companies in the industry, can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on Wipro's quarterly results, client additions, and revenue growth, as well as any changes in global IT trends or regulations that may impact the industry.
KITEX // Levels // 1 W"Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Kitex Garments (KITEX) based on a 1-week chart:
**Resistance Levels:**
1. 530.50 - 540.50 (previous high)
2. 550.00 - 560.00 (psychological level)
3. 570.00 - 580.00 (resistance zone)
**Support Levels:**
1. 500.50 - 510.50 (previous low)
2. 480.00 - 490.00 (psychological level)
3. 460.00 - 470.00 (support zone)
**Key Levels:**
1. 520.50 - a crucial level to watch for trend continuation or reversal
2. 480.50 - a potential reversal zone
**Notes:**
* Kitex Garments is currently trading around the resistance level of 520.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 480.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 55, which is in the neutral zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bullish crossover.
* Bollinger Bands: Kitex Garments is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's performance in the textile industry, as well as any changes in its business strategy or partnerships with other companies in the industry, can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on the company's production capacity, inventory levels, and demand for its products, as well as any changes in global trade policies or regulations that may impact the textile industry.
ZOMATO // Levels // 4 hour "Welcome to SkyTradingZone "
Hello Everyone 👋
Here are the levels for Zomato (ZOMATO) based on a 4-hour chart:
**Resistance Levels:**
1. 125.50 - 126.50 (previous high)
2. 128.00 - 129.00 (psychological level)
3. 130.50 - 131.50 (resistance zone)
**Support Levels:**
1. 122.50 - 123.50 (previous low)
2. 120.00 - 121.00 (psychological level)
3. 118.50 - 119.50 (support zone)
**Key Levels:**
1. 124.00 - a crucial level to watch for trend continuation or reversal
2. 120.50 - a potential reversal zone
**Notes:**
* Zomato is currently trading around the resistance level of 124.50.
* A break above this level could lead to further upside momentum.
* A break below the support level of 120.50 could lead to a reversal in the trend.
* The levels listed are based on historical data and may not be valid in the future.
Please keep in mind that these levels are not a guarantee of future price movements and are only intended to provide general guidance. It's always important to do your own research and consider multiple factors before making any investment decisions.
Additionally, you can consider the following technical indicators to get a better view of the market:
* RSI: The Relative Strength Index (RSI) is currently around 60, which is in the overbought zone.
* MACD: The Moving Average Convergence Divergence (MACD) is currently in a bearish crossover.
* Bollinger Bands: Zomato is currently trading above the upper band of the Bollinger Bands, indicating high volatility.
Please consult other sources and consider multiple factors before making any investment decisions.
It's also important to note that the company's earnings and other fundamental factors can also impact the stock's price movement. It's always a good idea to stay up-to-date with the latest news and developments before making any investment decisions.
In particular, keep an eye on the company's performance in the food delivery and dining-out spaces, as well as any changes in its business strategy or partnerships with other companies in the industry.
Cup and Handle Breakout: KNR CONSTRU LTD (KNRCON)KNR CONSTRU LTD has successfully broken out of a cup and handle pattern, suggesting a potential uptrend.
Moving Averages: The 20-day and 50-day exponential moving averages are both above the price, suggesting a bullish trend.
RSI: The RSI is currently above 50, indicating a bullish trend. However, it is approaching the overbought zone, which could suggest a potential short-term pullback.
MACD: The MACD line is above the signal line, indicating a bullish trend.
The target 1 around ₹400, Target 2: ₹480 , and a stop-loss can be placed below the handle at around ₹300.
Disclaimer: This analysis is based on historical data and technical indicators. It does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
Bajaj Finserv Ltd (BAJAFINSV): Strong Bullish MomentumBAJAFINSV has shown impressive bullish momentum, breaking above multiple resistance levels. The increasing volume and positive RSI suggest a continuation of the uptrend.
Descending triangle chart with a breakout
Breakout Confirmation
A breakout from a descending triangle occurs when the price moves above the upper trendline of the triangle. This signals a potential reversal of the downward trend and a possible uptrend.
Technical Indicators:
RSI is above 50, indicating a bullish momentum.
Moving Averages: The 9-period Exponential Moving Average (EMA) is crossing above the 21-period EMA, confirming the bullish trend.
MACD: The Moving Average Convergence Divergence (MACD) histogram is above the signal line, indicating a bullish trend.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index, or any other financial instrument at any time.
Wock Pharma Looking Excellent Ready For Breakout1. RSI and Volume: RSI is on the rise, indicating increasing buying pressure. Volume confirms the upside momentum, suggesting strong bullish sentiment.
2. ADX and MACD: ADX is climbing, indicating a strengthening trend. MACD has experienced a bullish crossover, further supporting the bullish bias.
3. Higher Highs: The stock is forming higher highs in lower time frames, indicating growing confidence among traders.
4. Crucial Levels: Currently trading above all crucial levels, including EMA and SMA, indicating potential for decent returns. Keep Wock Pharma on your radar.
5. Triangle Breakout: The stock has broken out of a triangle pattern, suggesting a potential continuation of the current upward trend.
"🚀 Castrol Stock Analysis: Bullish Signals & Targets📈 NSE:CASTROLIND Technical Analysis (Week Ending 16th Feb 2024)
Closing Price: 💵 207.70
Parabolic SAR: ✅ Buy Signal @ 186.55
EMA & MA Crossover: 🔄 Pending (Bullish Trend Support Expected Soon)
MACD:
MACDR: 📊 6.95 (Crossing Signal)
Histogram: ➕ Positive @ 0.05
Stochastics RSI: 🔄 K51.90 ➡️ D35.58 (Oversold Zone Exit)
%R (Williams Percent Range): 📈 Upward Trend @ 21.52
Fisher Transform: 🐟 0.58 (Bullish Crossover Mid-Range)
🎯 Targets:
First Target: 🎯 213.55 (Recent High)
Second Target: 🎯 220.40 (Fibonacci 1.618 Level)
🛑 Stop Loss: ⚠️ 199.50 (Fibonacci 0.618 Level)
⚠️ Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Market conditions are dynamic; trade responsibly based on your own due diligence.
#Castrol #TechnicalAnalysis #StockMarket #NSE #TradingView #Investing #Finance #Stocks #BullishTrends #TradingSignals #MarketAnalysis #FibonacciLevels #StochasticsRSI #MACD #ParabolicSAR
Prestige Shows Bullish Momentum with Triangle Pattern Breakout1. Triangle Pattern Breakout: Prestige has broken out of a triangle pattern, signaling a potential uptrend.
2. Volume and RSI Momentum: The breakout is accompanied by a rise in volume and strong momentum in RSI, indicating increasing buying interest and bullish sentiment.
3. Strong Closing: The stock has closed strongly, further supporting the bullish bias and suggesting potential for further upside.
4. ADX and MACD: ADX is rising, indicating a strengthening trend. MACD has likely experienced a bullish crossover, supporting the bullish move.
5. Higher Highs: Prestige is forming higher highs, indicating growing trader confidence and potential for further price appreciation.
Broke resistance & Closed above Psychological zone of 2000 1. RSI and Volume: RSI is rising, indicating increasing buying pressure. Volume is high, confirming the breakout and suggesting strong bullish momentum.
2. ADX and MACD: ADX is rising, showing strength in the uptrend. MACD has likely experienced a bullish crossover, supporting the bullish move.
3. Higher Highs: The stock is making higher highs, indicating growing confidence among traders.
4. Crucial Levels: Breaking above the psychological zone of 2000 with high volume and closing above resistance suggests strong bullish sentiment. Keep an eye on Data Pattern for potential bullish opportunities.
Paytm Faces Selling Pressure on News, RSI Bullish Divergence Paytm Faces Selling Pressure on News, RSI Bullish Divergence Signals Potential Reversal
1. Current Selling Pressure: Paytm is experiencing selling pressure, likely due to recent news developments, leading to higher-than-average volume.
2. RSI Bullish Divergence: Despite the selling pressure, RSI is showing bullish divergence, indicating a potential reversal in the near future.
3. Lower Trend Support: The stock is currently finding support from the lower trend line, which could help stabilize prices amidst the selling pressure.
4. ADX and MACD: ADX and MACD can provide additional insights into the stock's momentum and potential direction.
5. News Impact: Stay updated with the latest news as it can significantly impact Paytm's stock price and trading patterns.
Support from Lower Trend Line and 50 EMA, Closes Above 52-Week Federal Bank Finds Strong Support from Lower Trend Line and 50 EMA, Closes Above 52-Week High on High Volume
1. Strong Support Levels: Federal Bank is supported by the lower trend line and the 50 EMA, indicating a strong foundation for potential upward movement.
2. 52-Week High Breakout: The stock has closed above its 52-week high, signaling bullish momentum and potential for further upside.
3. Volume Confirmation: The breakout is supported by high volume, confirming the strength of the move.
4. ADX and MACD: ADX is indicating a strengthening trend, while MACD is showing signs of a bullish crossover, supporting the bullish case.
5. RSI Momentum: RSI is showing positive momentum, suggesting increasing buying interest and potential for further gains.
Resistance Breakout, Supported by Strong Trend Line and 50 EMA1. Upper Resistance Breakout: JK Lakshmi Cement is showing signs of readiness for an upper resistance breakout, indicating potential for a bullish move.
2. Strong Support: The stock has strong support from the lower trend line, suggesting a solid foundation for a potential upward move.
3. 50 EMA Support: JK Lakshmi Cement is supported by the 50 EMA, indicating a bullish bias and potential for further upward momentum.
4. ADX and MACD: ADX is indicating a strengthening trend, while MACD is showing signs of a bullish crossover, supporting the potential breakout.
5. Volume and RSI Confirmation: Volume and RSI confirm the bullish momentum, suggesting increasing buying interest and potential for further gains.
Mastek Poised for Breakout, Supported by RSI 1. Parallel Zone Breakout: After trading in a parallel zone for the past year, Mastek is showing signs of breaking out, indicating a potential change in trend direction.
2. RSI Symmetrical Triangle Breakout: RSI is showing a symmetrical triangle pattern breakout, suggesting a potential continuation of the current upward momentum.
3. ADX and MACD: ADX is indicating a strengthening trend, while MACD is showing signs of a bullish crossover, supporting the potential breakout.
4. Higher Highs: The stock is forming higher highs, indicating increasing bullish momentum and confidence among traders.
5. EMA Support: Mastek is finding strong support from the 50 EMA (Exponential Moving Average), further reinforcing the bullish bias.
DishTV Breaks Major Resistance on High Volume, Closed Strong1. RSI and Volume: RSI is rising, indicating increasing buying pressure. Volume is very high, confirming the breakout and suggesting strong bullish momentum.
2. ADX and MACD: ADX is rising, showing strength in the uptrend. MACD has likely experienced a bullish crossover, supporting the bullish move.
3. Higher Highs: The stock is making higher highs, indicating growing confidence among traders.
4. Crucial Levels: Breaking above major resistance levels with high volume and a strong weekly close indicates potential for further upside. Keep an eye on DishTV for potential bullish opportunities.
Trade Smart in Turbulent Times in SyngeneNSE:SYNGENE , a leading global discovery, development and manufacturing organization catering to the pharmaceutical and biotech industries, is under the spotlight for this week's technical analysis.
Entry Logic 🎯:
The stock has recently crossed its 50-day moving average (MA) of INR 799, additionally breaching the Fibonacci retracement level of 0.382 at INR 810 . These factors, combined with potential bullish crossovers in Exponential Moving Average Divergence (EMD) and Moving Average Convergence Divergence ( MACD) (12,26,9), lay down a fertile ground for upward movement. The ideal entry point would be upon a strong opening above I NR 810.2 or INR 811.60 (0.5 Fibonacci level).
Target Levels 🎯:
Target 1: INR 823.45
Target 2: INR 843.70
These targets are set based on historical resistance zones and projected upward momentum.
Exit Logic 🚪:
An exit should be considered if momentum drops or reverses before reaching the target levels, or upon hitting the targeted price points for desired profits.
Stop Loss ⚠️:
A stringent stop loss is advised at INR 786. This is a slightly aggressive level aimed at limiting losses should the market sentiment change abruptly.
Technical Indicators 📊:
MACD: Awaiting a bullish crossover to substantiate entry.
Stochastics: Recent crossover observed, bullish sign.
RSI: Also in bullish crossover territory.
%R: Currently in oversell territory - positive.
Fisher 9: Indicating strong buy signal.
Market Sentiment 🌐:
With the broader Indian market expected to exhibit volatility in the forthcoming week, caution is advisable. The high PE ratio of 64.44 and a modest EPS of 12.06 underscore a relatively high valuation, with a low payout ratio of 4.16.
Recommendation 📝:
Syngene International presents a potentially lucrative short-term swing trading opportunity for aggressive traders. The anticipated bullish momentum, if actualized, could render fruitful returns; albeit the inherent market risks necessitate a robust exit strategy and a firm stop loss.
Disclosures and Disclaimers 📢:
This analysis is for informational purposes only and not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. The report is based on historical data and prevailing market conditions; the future may unfold differently. All investors are advised to conduct their independent research or consult a financial advisor before making any investment decisions.
