Correction over and wait patiently for retracement. Target will be 120&180
Fundamentally very strong Multi commodity exchange printed a flag and given a very big breakout with volume that is reliable. MCX is almost debt free. MCX has delivered good profit growth of 20.31% CAGR over last 5 years MCX has been maintaining a healthy dividend payout of 65.72% Flag breakout on weekly time frame Rsi breakout on daily and weekly charts ...
Price bounced back after consolidation and retracement. Good to hold for longs.
I have based my analysis primarily on Stan Weinstein's methodology with some variations. Price structure, 30 Weekly MA, Relative Strength and Volume are key elements of Stan Weinstein's framework. I have added the Delivery percentage (not to be confused with Delivery Volumes) of last two days and the average of the previous week and RSI indicator to get a further...
LTI chart has shown a very beautiful respect to areas of support and resistance. Many learning points in this chart. 1) Resistance area is the area where selling pressure takes over the buying and price retraces from there until and strong breakout happens with good volumes. Once this happens the same area act as a support. 2) Support area is the zone where...
NSE:VMART VMART already gave long term cup and handle pattern breakout. Now it is under retracement. 1) Today it came to test 1st support level 3238. And closed just above it. 2) In coming days if it goes down to test 2nd support level 3130 then let it be. Do not enter in any buying position. 3) And further if it goes down to test ultimate last support...
HFCL technical analysis : 1. Reversal after pullback till 0.382 levels of fibonacci retracement. 2. Strong uptrend support trendline. 3. Reversal from converging point of 0.382 levels and uptrend support trendline showing strength in trend reversal. 4. CMP - 71 ; Entry - 71 ; Target -1 : 83.50 ; target -2 : 94 Upside potential : 32%
On there occasion I had expressed my view at the week ends. This time on 23/07/2021 It appears down trend of bank nifty has been arrested. On 20 th July it made a low of 34357,Twice it attempted to break that low on both occasion it failed to do so. Pitch fork it self depicts the trend reversal. Bank nifty has fallen all the way from uml (upper median line) to...
Current Count Cycle: wave 3 Primary: wave 4 Intermediate: wave C Minor: wave 5 Minute: wave 5(Expanding Diagonal) Current Structure: Irregular Flat or Elongated Flat Logic for Irregular Flat Primary wave 3,Intermediate wave 4 @ 900 Primary 4, intermediate wave A 138% extention from wave b top @ 900 Primary 4, intermediate wave B 123% retracement @ 906 RSI...
Triangle breakout and retracement. Good for positional trade.
Script is in between 70 points range for more than 3months and near 50% Fibonacci retracement. If it breaks red color trend line then buy will trigger, in such case SL-499 on closing basis. Target- 575, 600 and 650 Final target will be 700 to 750
Breakout from the resistance trendline. Good volumes traded. Options traders can sell put options. Analyze before entry. Can rally after a retracement.
#banknifty analysis for 22nd to 23rd July'2021 As posted on 16th July: "Be cautious 35,800 to 36,300 range, sudden sell-off can be seen" and there was sharp selloff of 1627 points in two days and as per rising wedge targets, we have already completed the target and today we took bounce from 0.786% of the retracement. The next support level is 34,234 (100 DMA),...
4-YEARS RESISTANCE TRENDLINE BROKEN AND THE SCRIPT HAS GIVEN A RETRACEMENT. GOOD TO ACCUMULATE FOR SWING AND LONG TERM. TARGETS 310 AND 350.
Descending Trendline break out. Have taken support on 62% retracement.
My personal view on motherson sumi. after a good rally this stock is on consolidation and retracement. After seeing breakout it seems he consolidation is over and it can start new rally upside. if breakout fail it can touch its 200 movingaverage.
DABUR INDIA LTD. HAS FORMED A BEAUTIFUL CUP AND HANDLE PATTERN. IT IS RETESTING THE NECK LINE SUPPORT I GUESS. AFTER SUCESSFUL RETESTING THE STOCK HAS THE THE POTENTIAL TO GO UPTO 640 IN SHORT TERM. 1.THE STOCK HAS GIVEN A CHANNEL BREAKOUT IN WHICH IT WAS MOVING SINCE AUGUST20. 2. DAY RSI TAKING SUPPORT AT 60. 3. HOURLY RSI IS ABOUT TO RISE FROM 40. 4. THE STOCK...
KPIT is small cap IT company with potential to go up. Stock nicely accumulated over the period of time as shown in the chart. Than it had a beautiful Price-Volume breakout followed by retracement. Now it took support exactly at breakout point. Henceforth it should go up and touch 275 and 300 level in short to medium term.