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"Bank of Maharashtra" - A cheap Buy amid priciey stocks.📈 BSE:MAHABANK Technical Analysis (Jan 3, 2024) 📊 Current Price: ₹47.10 INR Technical Observations: 1. Support Levels: • Began the day above 0.50, a key support level. 🛡️ 2. Fibonacci Levels: • Surpassed the 0.618 Fibonacci level, suggesting upward momentum. 🚀 3. Parabolic SAR: • Awaiting a bi-signal for a potential short-term bearish trend. 📉 4. RSI & Stochastic RSI: • K value at 40.04 and D value at 27.90, indicating an oversold condition. 💰 5. MACD: • Observing a potential crossover with MACD at 0.27 and 0.22. 🤑 6. EMA & MA Crossover: • Anticipating a 50-day and 200-day EMA and MA crossover in the next two days. 🔮 Fundamental Analysis: • Price to Earnings Ratio: At 9.14, indicating the stock is still potentially undervalued. 💼 • Income Statement Trends: • Net margins showing a nearly flat yet improving trend. 📈 • Increasing net profit, supporting a positive outlook. 💹 Trade Strategy 📝: • Entry Point: Entry recommended if stock opens at ₹0.614 or above on Jan 4, 2024. 🎯 • Target Prices: • First Target: ₹48.85 🎉 • Second Target: ₹50.55 🌟 • Stop Loss: If price falls below ₹45.20. 🛑 Disclosures and Disclaimers: • Analysis is a personal opinion, not financial advice. • No financial advisor-client relationship established. • Trading involves risk; assess your financial position. • Information may contain errors; verify independently. • No liability for reliance on this analysis. • Past performance not indicative of future results. • No conflict of interest declared. Hashtags: #BankOfMaharashtra #TechnicalAnalysis #TradingView #StockMarket #Finance #Investing StockAnalysis #Fundamentals #P/E #NetMargins #TradingStrategy
NSE:MAHABANKLong
by finogent
Jupiter Wagons Limited - A very Short term spike expectedNSE:JWL - Technical Analysis Update 🚀📈 Current Price: ₹339.50 (as of Jan 5, 2024, 11:47 AM) Key Indicators: Parabolic SAR: Buy signal triggered 🟢 Moving Averages: Crossover at ₹323.20 MACD: Histogram at 1.21 (positive), MACD at 0.46, Signal at -0.76 Stochastic RSI: K at 75.55, D at 53.11 (not overbought yet) %R: -14.14, touching upper baseline Fisher Transform: -0.01 (Fisher), -0.59 (Trigger) Market Outlook: The stock shows potential for upside 📈, especially with the recent big order win. Short-term bullish trend starting, watch for the close above ₹341.20 (critical Fibonacci 0.618 level) for confirmation. Trading Targets: First Target: ₹350.90 🎯 Second Target: ₹363.20 🎯 (approx. 1.0 Fibonacci level) Caution: High volatility expected. Enter for short-term trades 🔍. High P/E ratio above 50. Short-term positions advised. Keep an eye on market opening movements for further clues. Stop Loss: ₹ 327.15 (around the key Fibonacci Levels of 0.382 - ₹ 327.40) ⛔ Conclusion: Jupiter Wagons Limited is a promising pick in the railway wagon sector. Ideal for short-term traders looking for growth opportunities. Stay alert and trade wisely! 🌟🛤️ Disclaimer: General Information Only: This analysis is provided as general market commentary and does not constitute investment advice. It is provided for the information purpose only. Not a Recommendation: The information provided does not take into account your individual investment objectives, financial situation, or specific needs. It should not be relied upon as a recommendation or an offer to buy/sell or as a solicitation of an offer to buy/sell any security or financial instrument. Accuracy and Completeness: While care has been taken in gathering the data and preparing the analysis, there is no guarantee of its accuracy or completeness. Market Risks: Investing in the stock market involves risks, including the potential loss of principal. The value of investments and the income from them can fall as well as rise. Past Performance: Past performance is not indicative of future results. Personal Responsibility: Investors are advised to conduct their own independent research into individual stocks before making a purchase decision. It is important to be aware of the risks involved in stock trading. Professional Advice: Consult a qualified financial advisor before making any investment decisions. No Liability: The author of this analysis assumes no responsibility for any losses or damages resulting from decisions made based on the information provided. Regulatory Compliance: This post does not guarantee that the analysis adheres to all regulatory requirements in different jurisdictions. Conflict of Interest Disclosure: The author declares no financial interest or benefit from the direct or indirect promotion of the stock mentioned.
NSE:JWLLong
by finogent
Indian Bank Stock Analysis: Spordiac Buy Signal on short term📈 NSE:INDIANB - January 5, 2024, 12:52 PM Current Trading Price: ₹435.10 🏷️ Opening & Key Levels: Today's Opening: ₹432.40 (Above 0.618 Fibonacci Level) ✅ Near 50-Day Moving Average: Indicating Bullish Trend 📊 Technical Indicators: EMA & MA: No crossover yet 🔄 MACD: Histogram at 0.48, MACD at 0.70, Signal at 0.22 (Positive Crossover) 📈 RSI: Currently at mid-range, K at 55.02, D at 37.62 (Viable Range) 🎯 %R: At -29.83 (Supportive of Bullish Trend) ⬆️ Fisher Indicator: Positive crossover, Fisher at 0.80, Trigger at 0.27 (Mid-Range) ✨ Parabolic SAR: Buy signal at ₹391.00 🟢 Target Prices & Stop Loss: Target 1: ₹443.65 (0.786 Fibonacci Level) 🎯 Target 2: ₹458.00 (Level 1 of February Series) 🎯 Stop Loss: If falls below ₹424.50 (0.5 Fibonacci Level) ⛔️ Overall Outlook: Bullish in the short term, but confirmation needed from other indicators. Volatility noted. Investors are advised to monitor closely. Disclaimer: This analysis is for informational purposes only and should not be construed as investment advice. Investment decisions should be based on individual research and risk appetite. 🚫 #IndianBank #StockAnalysis #TechnicalAnalysis #Investing #StockMarket #BullishTrend #TradingTargets #RiskManagement
NSE:INDIANBLong
by finogent
XRP Weekly Chart Analysis: Bullish or Bearish? BINANCE:XRPUSDT has been trading sideways within a tight range between $0.64 and $0.68 for the past few weeks, leaving investors wondering whether the crypto is consolidating for another bullish leg up or preparing for a potential breakdown. This article will analyze the technical indicators, support and resistance levels, and overall market sentiment to provide a comprehensive outlook for XRP in the coming weeks. Technical Analysis: Price: $0.6854 (as of 10 December 2023) Trend: Neutral to slightly bullish Technical Indicators: RSI: 52.42 (neutral) MACD: Histogram is above the zero line, indicating a potential bullish trend. Stochastic oscillator: Both lines are above 50, indicating overbought conditions. The technical indicators on the weekly chart present a mixed picture. The RSI remains neutral, suggesting that there is no strong buying or selling pressure in the market. The MACD histogram is above the zero line, indicating a potential bullish trend, while the stochastic oscillator is in overbought territory, suggesting that a pullback may be imminent. Support and Resistance: Support: $0.64, $0.62, $0.60 Resistance: $0.68, $0.70, $0.72 The chart shows several key support and resistance levels. If XRP breaks below the $0.64 support level, it could lead to a further decline towards $0.62 or even $0.60. Conversely, a break above the $0.68 resistance level could trigger a rally towards $0.70 or even $0.72. Fundamental Analysis: Ripple Labs: Ripple Labs, the company behind XRP, continues to develop its blockchain-based payment network. Recent partnerships with major financial institutions could drive adoption and demand for XRP. Regulation: The ongoing SEC lawsuit against Ripple Labs remains a major overhang on XRP's price. However, a recent court ruling could pave the way for a favorable outcome for Ripple. The fundamental picture for XRP is mixed. While the company continues to make progress, the regulatory environment remains uncertain. The outcome of the SEC lawsuit could have a significant impact on XRP's price in the future. Sentimental Analysis: Social media: Sentiment towards XRP on social media is generally positive, with many investors optimistic about its future. News articles: Recent news articles have been positive, focusing on Ripple's partnerships and technological advancements. Surveys: A recent survey suggests that a majority of investors believe XRP will reach $1.00 by the end of 2024. The sentimental analysis of XRP is positive, suggesting that investors are increasingly optimistic about its future prospects. Prediction: Based on the technical, fundamental, and sentimental analysis, here is a potential outlook for XRP in the coming weeks: Short Term: Trading range: $0.64 - $0.68 Potential breakouts: Above $0.68: $0.70, $0.72 Below $0.64: $0.62, $0.60 Long Term: Overall trend: Bullish Potential price targets: End of 2023: $0.75 - $1.00 End of 2024: $1.00 - $2.00 Disclaimer: This is not financial advice. Please do your own research before investing in any cryptocurrency. Additional Notes: The price of XRP is highly volatile and can be affected by a number of factors, including the overall cryptocurrency market, news and events related to Ripple Labs, and regulatory developments. It is important to remember that past performance is not indicative of future results.
Long
by UnknownUnicorn34628734
Gold Prices About to Make a Major Move OpenBB Technical Analysis of XAUUSD Taking Support from 1944 to 1943 and Becoming Bullish Overall Analysis XAUUSD is currently trading at 1944.00, which is a 0.14% increase from the previous day. The overall trend for XAUUSD is bullish, with the price having made a series of higher highs and higher lows over the past few months. The price is currently consolidating at the 1944 level, which is a key support level. A breakout above this level could lead to a significant upward move in the price of XAUUSD. Technical Analysis The following are some key technical indicators for XAUUSD: RSI: 65 MACD: 12-26-9 crossover to the upside Bollinger Bands: Price is currently trading within the Bollinger Bands, which suggests that the market is in a period of consolidation. Support and Resistance The following are some key support and resistance levels for XAUUSD: Support: 1943, 1940, 1935 Resistance: 1944, 1950, 1960 Bullish Analysis The following are some key factors that suggest that XAUUSD is poised for a bullish breakout from the 1944 level: The RSI is above 50, which suggests that the bulls are in control. The MACD has crossed to the upside, which is a bullish signal. The price is trading within the Bollinger Bands, which suggests that the market is in a period of consolidation. A breakout above the upper Bollinger Band could lead to a significant upward move in the price of XAUUSD. The price is taking support from the 1944 level and becoming bullish. Conclusion Overall, the outlook for XAUUSD is bullish. The price is currently consolidating at the 1944 level, which is a key support level. A breakout above this level could lead to a significant upward move in the price of XAUUSD. Trading Recommendations Traders who are bullish on XAUUSD may want to consider buying a breakout above the 1944 level. Traders who are bearish on XAUUSD may want to consider selling a break below the 1943 level. Stop-loss orders should be placed above the 1944 level and below the 1943 level, respectively. Please note that this is just a general analysis of XAUUSD. It is important to do your own research before making any trading decisions Fundamental Analysis of XAUUSD The following are some key fundamental factors that are impacting XAUUSD: Inflation: Rising inflation has been supportive of gold prices, as investors seek out safe-haven assets. Interest rates: Rising interest rates have been putting some downward pressure on gold prices, as gold is a non-yielding asset. Economic growth: Concerns about a global economic slowdown have also been supportive of gold prices. Geopolitical tensions: Rising geopolitical tensions have also been supportive of gold prices. Overall, the fundamental outlook for XAUUSD is bullish. Rising inflation, concerns about a global economic slowdown, and rising geopolitical tensions are all supportive of higher gold prices. However, rising interest rates are putting some downward pressure on gold prices. Conclusion Overall, the outlook for XAUUSD is bullish. The price is currently consolidating at the 1944 level, which is a key support level. A breakout above this level could lead to a significant upward move in the price of XAUUSD. Traders who are bullish on XAUUSD may want to consider buying a breakout above the 1944 level. Traders who are bearish on XAUUSD may want to consider selling a break below the 1943 level. Stop-loss orders should be placed above the 1944 level and below the 1943 level, respectively
OANDA:XAUUSDLong
by ManojBakale
2
IPCA Labs Technical Outlook: Aiming for New Heights?NSE:IPCALAB , trading close to its 52-week high, ended the last session at INR 935.65, marking a 1.27% uptick . The stock currently sports a P/E ratio of 4.73 and a basic EPS of 19.36 with an average volume of 713.623K. The closing signal, as indicated by the Parabolic SAR, leans bullish. In light of the positive volume build-up observed over the past four sessions and the affirmative indicators, IPCA Labs shows promise in the upcoming week, given supportive market conditions. Entry Logic 🎯: If IPCA Labs opens above the critical Fibonacci level of 0.786 at INR 938.50 on the next trading day, it could pave the way toward an all-time high of around INR 955. The encouraging MACD crossover and the green histogram at 1.05 underscore this bullish sentiment. Target Levels 🎯: Target 1: INR 955 This target is derived from the potential continuation of the bullish trend, assuming no unfavorable market developments. Exit Logic 🚪: An exit strategy should be devised if adverse market conditions arise or if the stock shows reversal signs before hitting the target. Stop Loss ⚠️: A stop loss at INR 915.50 is advised to curtail potential downside, ensuring a controlled risk approach. Technical Indicators 📊: MACD: Bullish crossover coupled with a green histogram at 1.05. Stochastic RSI: With K at 67.44 and D at 48.76, indicating an uptrend without being overbought. %R: Indicates a favorable uptrend. Fisher 9: Positive crossover observed, enhancing the bullish outlook. Market Sentiment 🌐: IPCA Labs exhibits a bullish setup, with the potential to achieve a new all-time high. However, this scenario heavily relies on the broader market's support, as the stock already trades at elevated levels. Any market correction can temporarily impede the upward trajectory. Recommendation 📝: An entry post a strong opening above INR 938.50, targeting INR 955, with a stop loss at INR 915.50, can be a plausible strategy for traders aiming to capitalize on IPCA Labs' momentum. Disclosures and Disclaimers 📢: This analysis is intended for informational purposes only and should not be construed as a solicitation or an offer to buy or sell any securities. Investors are advised to conduct their own research or consult a financial advisor before making any investment decisions. The report is based on historical data and prevailing market conditions; hence, the future may unfold differently.
NSE:IPCALABLong
by finogent
OLD, an technical insight for the coming week 21.08.2023Gold Analysis for the Upcoming Week on MCX, India Date: 20th August 2023, 18:03 hours Technical Overview: Recent Performance: From 8th May to today's date, gold prices have witnessed a significant decline of approximately 5.49%. Moving Averages: The gold price has recently breached the 50-day moving average, which stands at 58,980. The 200-day moving average looms at 57,586. The cross below the 50-day indicates a bearish momentum in the short term. Potential Move: If gold price approaches the 200-day moving average of 57,586, there's potential for further downside towards 56,048. Oscillators: The asset is currently in an oversold condition, which can sometimes indicate a potential rebound. The optimistic signals stand at D: 6.54 and K: 3.21. MACD: The Moving Average Convergence Divergence (MACD) is still hinting at a bearish scenario, suggesting continued negative momentum. Fisher & Percentage R: Both indicators are positioned at the lower end, hinting at a potential bearish continuation. Fibonacci Levels: Post touching a low at the Fibonacci level of 57,653, gold made an upward move and attempted to break above the 0.5 Fibonacci level at 59,751 twice between July and August. However, it failed to sustain this and reversed its direction, breaking past the 0.382 and 0.236 levels. Current trajectory points towards a retest of the 57,653 level. Target Price for the Week: Considering the above technical factors and absence of any significant strategic updates from the Federal Reserve regarding interest rates, our projected target price for gold in the near term stands at 57,612. Disclaimer: This analysis does not provide any specific trading or investment recommendation. It is essential to note that the movements in gold prices can be significantly influenced by various macroeconomic factors and announcements from the Federal Reserve. Always consult with a financial advisor before making any investment decision. Disclosure: We do not have any vested interest in the gold market We may or may or maynot be having positions in the gold. This analysis is purely based on technical indicators and past market data.
MCX:GOLD1!Short
by finogent
View on L&T Finance.Company Overview L&T Finance Holding is a non-banking financial company (NBFC) headquartered in Mumbai, India. The company was founded in 2008 and is a subsidiary of Larsen & Toubro, one of India's largest engineering and construction companies. L&T Finance Holding provides a range of financial services, including retail loans, commercial loans, and asset management. Financial Performance L&T Finance Holding's financial performance has been strong in recent years. In the fiscal year 2022, the company generated revenue of ₹25,416.63 crore and net profit of ₹416.93 crore. L&T Finance Holding's revenue has grown at an average annual rate of 10% over the past five years. The company's net profit has grown at an average annual rate of 15% over the past five years. Competitive Landscape L&T Finance Holding faces competition from a number of other NBFCs in India, including HDFC Bank, ICICI Bank, and Axis Bank. However, L&T Finance Holding has a strong brand and a loyal customer base. The company also has a strong financial performance and a bright future. Future Performance L&T Finance Holding is expected to continue to grow in the future. The company is investing heavily in new products and services, such as digital lending and wealth management. L&T Finance Holding is also expanding its international presence. The company is well-positioned to continue to grow in the years to come. Recommendation I recommend buying L&T Finance Holding stock. The company has a strong financial performance, a competitive advantage, and a bright future. I believe that the stock is undervalued and has the potential to generate significant returns for investors. Financial Ratios Here are some financial ratios for L&T Finance Holding: Price-to-earnings ratio (P/E ratio): 10.5 Price-to-book ratio (P/B ratio): 1.5 Return on equity (ROE): 18% Return on assets (ROA): 1.5% Debt-to-equity ratio: 0.5 These ratios indicate that L&T Finance Holding is a relatively undervalued stock with a strong financial performance. The company has a low P/E ratio, a low P/B ratio, and a high ROE and ROA. The company also has a low debt-to-equity ratio, which indicates that it is financially sound. Here are some Technical ratios - RSI value: The RSI value is currently at 65, which is above the 50% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future. MACD: The MACD is currently in a bullish trend and is above the signal line. This is a positive sign and indicates that the stock is likely to continue to rise in the near future. MFI: The MFI is currently at 75, which is above the 80% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future. Elliott Wave Theory According to Elliott wave theory, L&T Finance Holding is currently in an uptrend. The stock has broken out of a previous downtrend and is now moving up in minor wave 3. However, the stock is still in correction as per weekly timeframe or intermediary wave. This means that the stock could still experience some volatility in the short term. However, I believe that the stock is still a good investment and has the potential to continue to rise in the long term. Conclusion L&T Finance Holding is a well-managed NBFC with a strong financial performance and a bright future. The stock is currently undervalued and has the potential to generate significant returns for investors. I recommend buying the stock for the long term.
NSE:LTFLong
by Ajay7871
Nifty Uptrend movement potential upto 17700 in 15 min timeframe.Nifty Uptrend movement potential upto 17700 in 15 min timeframe. Time frame:Day chart In higher time frame, Nifty is on downtrend movement. Check the moving average and Macd Indicator, Moving average 20 is below moving average 40 and MACD, the value is below zero. So, Nifty indicates downtrend movement in higher time frame. Time frame :15 minutes In 15 minutes ,the value of the Nifty breaks out of the parallel channel and is going up Trend up to 17700. Check the MA & MACD. THe value f MAC is above zero.Moving average 6 is above MA 20 && MA 20 is above MA40.So, this indicates Uptrend Movement in a lower time frame. Hope our analysis is adding value to your TRADING JOURNEY. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
NSE:NIFTYLong
by TanujaK
NIFTY 1D Time Frame Analysis Current Trend: 1) Uptrend parallel channel 2) It took a support exactly at 2 level of Fib .FIB cord -(1953.90 -1665.00) 3) currently it took a resistance @0.5 level of FIB exception: year of accumulation zone.. if it breaks the 1654 level , we can except another 300 point movement from there. once this parallel channel is broken upside ,can can except positive momentum . Indicator: RSI: divergence in RSI MACD: MACD still in positive territory. But showing some weakness currently. first level of target-1653 support -1500
NSE:INFY
by satheeshSelvisubramanian
2
NIFTY 1D Time Frame Analysis current trend: 1) It took a support exactly at 0.382 level of Fib 2) It took a support at long and short trend line 3)it effectively close above this candle(jan 27 )..for two days. Forming like Bullish engulfing candle. 4) currently Nifty breaks short term trend line and close at 0.236 level of fib Indicator: RSI: If u observe past behavior Nifty, Once it touched level range of 30,it turns bullish in most of case.Here Price makes new low..But RSI makes high high formation.. so we observed Divergence in Nifty MACD: MACD line crossover will indicate the Bullishness Resistance: Next level of Resistance area(18183-18265)
NSE:NIFTYLong
by satheeshSelvisubramanian
Axis Bank Weekly TF Analysis Current trend: 1) 1) Top of parallel channel 2) Candle Formation - hanging man pattern 3) Took a resistance around 1.236 level of Fib MACD: Weakens in histogram along with MACD line crossing over signal line -- Bearish Signal Support: if it break 900 level of support (closes below 900 in daily basis) next target around 827 level Resistance : Previous high 970 level.. Trade: once can sell call option above 970 level and put option below 820 level
NSE:AXISBANKShort
by satheeshSelvisubramanian
CUMMINS INDIA GAVE A CUP AND HANDLE BREAKOUT CUMMINS INDIA gave a fresh CUP & HANDLE pattern breakout on weekly timeframe , . . Factors Supporting this breakout :- 1) VOLUME BUILDUP :- From the last 3 week trading session where the price is increasing continuously the volume is also increasing which denotes strong hand buying by the traders. 2)MACD:- MACD is showing is a positive divergence and also currently placed above the center line . 3) Strong Weekly Bullish Candle . So one can enter this trade with his/her 50% capital according to risk management for this stock and add rest if it retest the the breakout level . our stoploss will below this week low that is 1018 , and i am leaving the target level upto you guys as it can really big . This is only for educational purpose , excute trade only after doing your own research and according to your risk appetite . HAPPY TRADING
NSE:CUMMINSINDLong
by himanxu_yadav
1
Ethereum On The Weekly | Tips To Make Money Trading!I was looking at Ethereum (ETHUSDT) daily and was having a hard time deciding which way to go, what to look for, what is happening now and what is likely to happen next. I set the timeframe to weekly (W) and multiple signals showed up right away. Ethereum Chart Analysis by Alan Santana Looking at this chart, ETHUSDT has been correcting since November. Prices have been dropping since. This week ETHUSDT goes below EMA10 for the first time since September where it lasted only a few days. Before prices would always trade above EMA10 since July. Going below EMA10 would definitely favor the bears but here is the thing... Closing below it now can signal multiple months or more of bear market, there is so much room for lower. Now, above EMA10 or $4070 the short-term bullish potential is reignited; Currently, the bears (red) are in control. Ethereum vs Tether (ETHUSD) Additional Chart Signals We have a bearish cross on the MACD. Full blown. We have bearish divergence with the MACD and RSI, very strong as well. This divergence has been present since May. MACD histogram is going red while the RSI is trending lower. I sold around mid-Nov... I am wondering if I sold enough? Anyways, I am ready for multiple months... When prices go really low, we call it a "buyers" market and that's when the time comes to load up. The market moves in cycles, it just goes up and down, up and down, down and up... To be successful in this game plan long-term. Never consider a drop in your capital as a loss. You only lose if you sell below your buy price. Don't need to consider an increase in your capital as a win. You only win if you sell above your buy price... You see how that works? The markets will always fluctuate... It will be always going up and down, down and up. Being successful or not will depend on your trading plan, your strategy and mainly your goals. If your goal is to generate just a few $ks per month with a good capital, you don't need to trade much. If you are trying to get rich quick, make money fast, then you are very likely to end up losing it all. If you can make money fast; You can make money slow. If you cannot make money in 10 years or 5 years, you won't be able to make it in 3 days or 3 weeks. So, try and see how much money you can make in 1 year (maybe 3 months) trading and if you are successful you can try and make money faster but keep in mind that most people will end up losing if they are trading without a plan, in the long-run. Instead of focusing on quick/fast money, focus on sound, well thoughtout, planned, long-term, long-lasting, stable, beautiful money. :D Thanks a lot for your support. Namaste.
by AlanSantana
DABUR cup & handle pattern breakoutWe can clearly see cup and handle pattern formed in DABUR. also it breakout today. & looking bullish for positional target. CMP : 589.75 Positive points: Breakout: Cup & handle pattern is well known for a positive side breakout. Today it Breakout & closed above the resistance line. Volume: Breakout volume is greater than the moving average of volume of 20 days. Actually its almost twice. MACD: MACD crossover above zero line & histogram is also showing some strength. RSI: RSI is above 60 showing bullish signal Target : Around 648 In technical term, the cup & handle pattern can give the target equal to the height of the Cup. I have marked a vertical segment showing the height of the cup. and same we can get the target after breakout. Duration: Short to mid term Disclaimer: I am not sebi registered. This is for educational purpose only. Do your own analysis before taking any position. I am not responsible for any profit or loss.
NSE:DABURLong
by AmeyKajarekar
2
CEAT LTD - Descending Triangle Pattern - ShortHi Friends, Greetings from Thenali Views, We are now going to analysis the CEAT LTD.. The script has formed a descending triangle pattern where lower highs and lower lows are formed where the script has strong support at the range of 1268-1276. The script was also forming a H&S Pattern in the support zone. As per our analysis the right shoulder will be formed at the range of the Dynamic Support of EMA50 to EMA79. Stochastic RSI was in the oversold range in 2hr, Daily and Weekly TF. We can have glance to wait for entry till the script was break the support or triangle pattern. MACD was also in the bearish or oversold range in 2hr, Daily and Weekly TF. CPR was bullish bias compared to last month, but still the script brakes below the CPR and Support1 of the CPR. ATR volatility was FLAT which tells us that the huge potential brake out was near. Based on the above. We conclude that the CEAT was in the Downtrend and We can have look for Shorting the script if it reaches in the range of dynamic S&R when price rejection pattern found, where the risk to reward will be higher. Also the confluence to that the descending triangle and H&S pattern was evidence at the downtrend. Entry at Area of Value - Either at the EMA50 to EMA79 or Brake out of the support SL = Based on the Trade Setup - 1ATR. Triangle Pattern: H&S Pattern: Stochastic RSI: MACD: CPR: ATR:
NSE:CEATLTDShort
by Caapinves
CDSL - Long - Falling Wedge PatternHi Friends, We are going to analysis script CDSL. CDSL was forming in a Falling Wedge Pattern and where the script was currently in the Dynamic Support EMA50 and EMA79 Range. And it was retested the Support Level of 1101 and retraced. As per the FIB Channel level it was in the 61.8 retracement level. Now the script retracement move was completed and it like to move high. Stochastic RSI of Daily TF and Weekly TF are in the Oversold Range MACD in Daily TF and 2HR TF was in the Low range and Weekly TF was in the High. CPR was in the Bullish Bias and Price in near the support of the CPR. Volatility was High as per the ATR. Pattern was Bullish Flag or Falling Wedge . Based on the above, we are bullish on the script. Buy: CMP SL: 1102 - 1ATR Target: 1575 + Up on Which Trail Your SL based on the trend. FIB Channel: Stochastic RSI: MACD: CPR: ATR:
NSE:CDSLLong
by Caapinves
4
ITC - Explosive Breakout is need to be witness Hi Friends, We are now going analysis the ITC Ltd!!! ITC was in the consolidation phase for more than 9 Months. Let Analysis the possibilities: 1. Script was in the consolidation phase. 2. Script Volatility was being Flat. 3. Script was in the descending triangle pattern 4. EMA 200 was flatten from downtrend 5. MACD in Hightime frame i.e. Weekly was flat. 6. Stochastic RSI in Daily and 2HR time was in Oversold region. In weekly TF it was nearing Oversold Region 7. The script was in the Support Zone with Strong Buildup. Overview: As per our analysis, the script breaks the Triangle pattern . The script may witness the huge move. As per our though we call this script will be brakes in bullish side. Hence, we can go Long once the breakout happens with small quantity and once pull back (like Bull Flag etc) or Retest we can add the script (For Conservative People) For Aggressive and for good Risk to reward: We can go Long now with value of 199-203 SL - 199 - 1ATR. EMA Stochastic RSI ATR MACD: Consolidation Phase: If like our idea, Like us and support us.
NSE:ITCLong
by Caapinves
10
Reliance Industries Ltd - Inverted H&S Pattern - LongHi Friends, Pranam to All!! The script we are going to analysis is Reliance Industries Ltd.. In Daily TF the script has formed a Inverted H&S Pattern. The trend was in uptrend as per EMA200 as which the pattern was more valid one. RIL was in the consolidation phase for more than a 9 months. The script was traded in a range bound where the now market structure was forming at Higher Highs and Higher Lows. The script has strong resistance at 2272 - 2225 and Support at 2063 - 2024 and 1896 - 1838 Also the H&S Neckline will act as resistance for the script. The script has more than 100 Bars for forming Inverted H&S Pattern. Moreover, MACD was in the flat range as the volatility was shrinking. ATR also evidence the Volatility was shrinking. The script has Dynamic S&R at 2105-2125. Stochastic RSI was in the oversold range. CPR was in the bearish bias comparted to last month CPR. Based on the above, Our advise we can go Bullish once the Pullback came at range of 2130-2100 as we have higher risk to reward. Entry based on Pullback or brake out SL - Below Right shoulder - 1 ATR Target - Height of the Head and Trail your SL. Chart Pattern: MACD: Dynamic Support: ATR: CPR: Stochastic RSI: Trend as EMA200:
NSE:RELIANCELong
by Caapinves
2
Crude Oil - Short term trend was Bearish Hi Friends, Crude Oil Positional Trade . The Crude oil was in Downtrend forming Lower Highs and Lower Lows. Dynamic S&R was in the Range (Flat). If the Crude oil brakes above the Last Line of Defense to reverse the trend we can go long based on the following : 1. Stochastic RSI - 4Hr TF, Daily TF and Weekly must above 20 2. MACD should be in Flat on Higher TF 3. Last Line of Defense and Dynamic S& R 4. Monthly CPR will act as Support or Resistance. Hence, It should be consider for a factor. 5. Trend was in Bullish as EMA 200 or EMA 162 in Daily and Weekly TF Based on the above factor we can go long in Crude Oil Shorting: Dynamic S&R - EMA50 and EMA79 was being respected in Daily and 4hr TF which act as Resistance Power Move in 4HR TF which can be signal of bearish sign. Trend in 4hr is Bearish as per EMA200. Crude oil was in the resistance zone of CPR. Based on the said thing we short the market if we found a reversal pattern or rejection of Candlestick pattern found at the resistance. Over All. Wait till a confirmation point arise. Images: Stochastic RSI: MACD: Dynamic S&R and Last Line of Defense: Daily TF: 4hr TF: CPR: Trend as EMA: Power Move: CPR of 4hr TF:
MCX:CRUDEOIL1!
by Caapinves
VEDL - Triangle Pattern- LongHi Friends, Right now we are going to analysis the script VEDL Script was in the Long Trend. Script was touched the Area of Value with confluence to EMA50 & EMA79 which acts as dynamic Support and Horizonal Support 260. Stochastic RSI in Daily, 2hr and Weekly was in the oversold region . MACD was also in the Oversold area Volatility was in the peak at ATR. Trend was in the uptrend and Descending triangle pattern was formed which was braked and retested now. CPR : Script was in the range of CPR . CPR was Bullish Bias. Based on the above: We are Bullish on VEDL. Buy: Tomorrow Open Price Target - Previous Swing High & Trail your SL further. SL: 276 - 1ATR EMA50 and EMA79: Dynamic Support Stochastic RSI MACD: ATR: CPR: Triangle Pattern:
NSE:VEDLLong
by Caapinves
9
Flag pattern on APEX Frozen FoodsANALYSIS OF APEX FROZEN FOODS Chart Analysis:- On daily TF of Apex frozen foods , we can see that Stock is formed Flag and pole pattern which is bullish sign for the stock and we can also observe that stock is consolidating near 50% of Marubozu Candle we can expect up move in the stock after flag Channel breakout with good volume. we can confirm our entry with the help of indicators . RSI :- rsi is near 58 levels which shows bullish signal DMI :- DI+ line is above the DI- line and ADX line is also supporting at 42 levels MACD:- Right now MACD is in bearish crossover but selling volume is decreasing which is sign of trend reversal Varun Aggarwal Dishant Singhal Entry point :- Entry after upper trend line breakout with good volume Taget 1 :- 435 Target 2 :- 485 Stop Loss:- 354 Disclaimer :- This chart is for educational purpose please do your own research before investing.
NSE:APEXLong
by sakshamjais1
Radico Khaitan, Buying Opportunity..!!As of 20/5/21 Current Trend: Sideways Resistance levels: Around 566 price levels (Broken today with volume) Patterns formed: Flag pattern Single candlestick pattern: Bullish marubozu RSI: 66 MACD: Short line over Long line Analysis: Flag pattern's upper resistance level, as well as horizontal resistance level, is broken on 20/5/21 with very high volume and a bullish marubozu candlestick pattern is also formed. Moreover, RSI is above 60 and MACD is also giving a positive signal. 5 Day MAE is also above 13 days and 26 days Exponential moving average. All such indications suggest going for a long position (Buy). **A slight correction can be seen in the stock price in the coming days up to 578-580 levels before moving in the upward direction. Stoploss should be around horizontal resistance level.. ie. 565-567 price levels. The initial Target can be up to 10%. NOTE: Buy the stock only when the overall market is positive. If the market tomorrow opens negative, then chances are that the stock will correct up to the mentioned level. Feel free to comment below your ideas..
NSE:RADICOLong
by nipun_garg7383
2