Get started

Search in ideas for "STRONG BUY"

NIFTY for 20th FebruaryNifty opened to positive cues from rest of Asian markets and registered a 133 point rise to close at 12125.90, just above 20 and 50 DEMA levels. Now does it mean that global fear has ended and our markets are on our own? Not likely since number of deaths in China are yet to stagnate and so are number of infections across globe. The deaths have crossed 2000 and total numbers of infected persons are above 75000! And world is treating these figures with some doubt because it is China. We can easily see a very different picture tomorrow. Please check my video posted on youtube under channel name Market Movers India for slightly more exhaustive and analytical content. FIIs were net Sellers (190 Crs) and DIIs were net buyers (590 Crs) today. According to options data, on PUT side, highest total OI and highest fresh Put writing is seen at 12100. So it can be taken as a support but that would be risky since it is just 25 points below CMP. So I would rather take 12000 as dependable support since it has 2nd highest total OI and 3rd highest Put writing and it is 125 points below CMP. On CALL side, highest total OI is at 12200 and there is Call unwinding on almost all strikes due to big rise today. Yet 12200 can be taken as resistance for tomorrow. On 15 min chart, a strong selling area as well as a strong buying area is marked and each would have held good had it been some other day. But since tomorrow is expiry, take trades on these levels during first half only. Use STOP LOSS since there is strong possibility of wild trades in both directions tomorrow. All the best. Happy trading.
NSE:NIFTY
by protrader1969
VET / USD Price Analysis: Overcoming Selling PressureVET / USD Short-term price analysis VET has a bearish short-term outlook, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame. The four-hour time frame is also showing that a large head and shoulders pattern is starting to take shape. Bulls need to move price above the April 19th swing-high to invalidate the bearish pattern. Technical indicators on the four-hour time frame have turned bullish and signal a potential upside. Pattern Watch Traders should note that the VET / USD pair will fall towards its current 2019 trading low if the head and shoulders pattern is triggered. Relative Strength Index The RSI indicator on the four-hour time frame is bullish and is showing scope for future upside. MACD Indicator The MACD indicator on the four-hour time frame is currently bullish, with the MACD signal line and MACD histogram both generating strong buy signals. Fundamental Analysis VET has been up for the past several weeks with some positive news. During the VET Summit in San Francisco, the company has announced that it is working with BMW on building the VerifyCar app which addresses the mileage fraud problem present in one-third of vehicles in Germany. Deloitte has also announced that it will develop a blockchain solution based on VEThor and migrate from the Ethereum network. VET / USD Medium-term price analysis VET has a bullish medium-term trading outlook, with the VET / USD pair still trading above its trend-defining 200-day moving average. The daily time frame is showing that the VET / USD pair has started to come under technical selling pressure after price fell below key trendline support. Technical indicators on the daily time frame are attempting to correct higher following the recent decline in the VET / USD pair. VET / USD Daily Chart by TradingView Pattern Watch Traders should note that a valid falling wedge pattern is also present on the daily time frame. Relative Strength Index The RSI indicator on the daily time frame has started to turn bullish and shows scope for further upside. MACD Indicator The MACD indicator is neutral on the daily time frame, with the MACD indicating currently failing to generate a clear trading signal. Fundamental Analysis VET has shown strong fundamentals at the beginning of 2019 which should positively affect the adoption of its network. The team continues to develop strong partnerships and is starting to present working products that utilize its blockchain. These factors should help the project to grow in the medium-term. Conclusion VET is attempting to recover higher after relinquishing a portion of its recent gains. Short-term bulls will need to work hard to negate the bearish pattern on the four-hour time frame, while the daily time frame is showing that buyers must move price above key trendline resistance or downside pressures could return.
BINANCE:VETUSD
by CryptoBriefingTA
GALA/USDT Targets Buying Area with PotentialIn this technical analysis, we'll explore the GALA/USDT's Harmonic patterns suggest a rejection from the current market price, signaling a potential bounce opportunity. Buying Area - 0.02375 - 0.02400: Our analysis indicates that the GALA/USDT pair has a strong buying area ranging between 0.02375 and 0.02400. Traders seeking an entry point should consider accumulating GALA within this range, as it presents a favorable risk-to-reward ratio. Price Target - 0.02490: Based on our technical analysis, we expect GALA/USDT to experience a potential bounce in the near term, with a target price of 0.02490. Traders can anticipate potential profit-taking opportunities around this price level. Harmonic Pattern and Price Rejection: A harmonics pattern has emerged on the GALA/USDT chart, suggesting a possible rejection from the current market price of 0.02430. The pattern indicates a corrective move, leading the price towards the aforementioned buying area of 0.02375 - 0.02400. In summary, the GALA/USDT trading pair presents an intriguing opportunity for traders. The identified buying area of 0.02375 - 0.02400 offers a favorable entry point, while the price target of 0.02490 signals a potential upside.
Long
by Un_trade
interlobe aviation ltdLet's conduct a **technical analysis** of **InterGlobe Aviation Ltd.** (IndiGo), which is the parent company of IndiGo Airlines. Here's a detailed breakdown of how you can analyze the stock using key technical indicators. --- ### **Technical Analysis of InterGlobe Aviation Ltd. (IndiGo)** #### **1. Support and Resistance Levels** - **Support Levels:** - Support is where the stock has previously bounced back from, indicating a level where buying interest has emerged. - **Example Support Levels:** If InterGlobe Aviation has recently found support near ₹2,050, ₹2,100, or ₹2,150, these levels are important to watch. - A drop below these levels could indicate a potential bearish move or a deeper correction. - **Resistance Levels:** - Resistance is where selling pressure has previously emerged, preventing the stock from moving higher. - **Example Resistance Levels:** Levels like ₹2,250, ₹2,300, or ₹2,350 could be areas of resistance for the stock. - A breakout above these levels could indicate further bullish momentum and a potential continuation of the uptrend. #### **2. Moving Averages (MA)** - **50-day Moving Average (MA):** - The 50-day MA helps identify the short-term trend. If the stock is trading above this moving average, it suggests bullish momentum. - **Example:** If InterGlobe is trading at ₹2,150 and the 50-day MA is ₹2,100, it signals short-term bullish momentum. - **200-day Moving Average (MA):** - The 200-day MA is used to gauge long-term trends. If the stock is above this MA, it suggests a long-term bullish trend. - **Example:** If the stock is at ₹2,150 and the 200-day MA is ₹2,100, it indicates that the long-term trend is positive. #### **3. RSI (Relative Strength Index)** - **RSI Levels:** - **Above 70:** The stock may be overbought, indicating a potential pullback or consolidation. - **Below 30:** The stock may be oversold, suggesting a potential buying opportunity for a reversal. - **Current Example:** - If the RSI is **above 70**, it suggests that InterGlobe might be overbought, signaling a possible price correction. - If the RSI is **below 30**, it indicates the stock might be oversold, potentially signaling a buying opportunity for a rebound. #### **4. MACD (Moving Average Convergence Divergence)** - **Bullish Signal:** A bullish crossover occurs when the MACD line crosses above the signal line, suggesting an upward price movement. - **Bearish Signal:** A bearish crossover occurs when the MACD line crosses below the signal line, signaling a potential downward move. - **Current Example:** - If the MACD line is above the signal line, this is a bullish signal for InterGlobe Aviation, suggesting the potential for upward movement. - If the MACD line is below the signal line, it may indicate a bearish trend or consolidation. #### **5. Volume Analysis** - **Increasing Volume:** Rising prices accompanied by increasing volume typically signal strong buying interest and confirmation of the trend. - **Decreasing Volume:** If the price moves up or down with decreasing volume, it suggests that the move lacks conviction. - **Current Example:** - If InterGlobe is rising with increasing volume, it supports the bullish trend. - If the stock rises or falls with declining volume, it might suggest that the trend is weakening or about to reverse. #### **6. Candlestick Patterns** - **Bullish Patterns:** - Patterns like **Bullish Engulfing**, **Morning Star**, or **Hammer** near support levels could indicate potential price reversals to the upside. - **Bearish Patterns:** - Patterns like **Shooting Star**, **Bearish Engulfing**, or **Evening Star** near resistance levels could suggest a potential reversal to the downside. - **Current Example:** - A **Bullish Engulfing** pattern at ₹2,100 (support) could signal a potential upward move. - A **Shooting Star** pattern near ₹2,250 (resistance) might indicate a possible reversal downward. #### **7. Fibonacci Retracement Levels** - **Fibonacci Retracement Levels** are used to identify potential support and resistance levels during a pullback. Key levels include **23.6%, 38.2%, 50%, 61.8%**. - **Current Example:** - If InterGlobe has moved from ₹2,000 to ₹2,300, key Fibonacci retracement levels would be: - **23.6% retracement** around ₹2,250 - **38.2% retracement** around ₹2,200 - **50% retracement** around ₹2,150 - **61.8% retracement** around ₹2,100 These levels can act as support if the stock pulls back, or as resistance if the stock faces a correction within an uptrend. --- **Disclaimer:** - I am not a SEBI-registered professional or licensed financial advisor. - The analysis and recommendations provided here are based on historical price data, technical indicators, and market trends. - Any decisions you make based on this information are entirely at your own risk. Please consult with a licensed financial advisor before making any investment decisions. - Technical analysis is not a guarantee of future performance, and stock prices can be affected by various factors including news, economic data, and other market influences.
NSE:INDIGOLong
by Globaltradehub
Nifty Trade Analysis for 7th November 2024Nifty Trade Analysis As of the current price of Nifty at 24,485, here are the potential trading opportunities for both buying and selling based on our target levels: Buy Setup Buy Above: 24,540 Targets: 24,610, 24,690, 24,890 Rationale: If Nifty surpasses 24,540, it could indicate bullish momentum, with a potential rally toward the first target of 24,610. Further upward movement could drive it towards the subsequent targets, indicating strong buying interest. Sell Setup Sell Below: 24,200 Targets: 24,090, 23,950, 23,830 Rationale: If Nifty falls below 24,200, it may signal bearish sentiment, with potential declines to the first target of 24,090. Continuing downside could lead to additional target levels, suggesting a more pronounced downward trend. Disclaimer: I am not SEBI registered. This analysis is for informational purposes only and should not be taken as financial advice. Please conduct your own research or consult a professional before making any trading decisions. Trading in financial markets involves substantial risk, and past performance is not indicative of future results.
NSE:NIFTY
by ramkkyy
BankNifty Analysis for 14th October (Advance)The red levels indicate selling zones, and the green levels indicate buying zones. The orange levels are key areas from where both buying and selling can emerge. If the market opens above the orange level, it will be a buying level, and if it opens below, it will be a selling level. There is an important orange level at 51186.30, though it's not visible on the chart. Additionally, if the market reaches 51111 or 51005, expect to see a strong buying reaction from these levels. Let me know if this works for you!
NSE:BANKNIFTY
by XTrap_000
Gold Prices May Rise Due to Lower CPI, Support Near 2,500 USDTTonight, the CPI data will be released and is expected to be lower than the previous reading, which could lead to a significant rise in gold prices. The chart shows gold in a short-term uptrend, with prices breaking above the 20 SMA and other moving averages, reinforcing short-term buy signals. Bollinger Bands are expanding, indicating increased market volatility, and the price is moving within the upper band, showing strong buying pressure. The RSI at 63.57 signals a rising market, but it's approaching the overbought zone. If the RSI exceeds 70, it may suggest a short-term correction. Given the current trend, the recommended strategy is to buy when the price pulls back to the key support level around 2,500 USDT. The potential target for the next price increase is 2,545 USDT.
OANDA:XAUUSDLong
by Romio_pro
1
INDUSIND BK: Strong buyHello everybody! The price here is still developing but with the confluence of several conditions price should soon see a close above the 1275-1290 range, and take off and boom toward all time highs TARGET: 1800+ SL: 1110 A confluence of several patterns coming together: Recent cup and handle formation (wait for a breakout of same) Long-term S/R, testing it 3rd time now Upmove from covid lows and then the current accumulation phase Supply reduction from the past several months 20 & 200 EMA in close consolidation since last 18+ months, now with 20 starting to move away Traders with risk appetite, BUY at the start of expiry & SELL towards the end of the expiry for every month of 2023 (keep position sizing in check). Risk-averse traders take equity delivery. BUY & Only BUY this stock in 2023. NSE:INDUSINDBK
NSE:INDUSINDBKLong
by nse-trader
2
NIFTY Intraday Trade Setup For 13 Dec 2022NIFTY Intraday Trade Setup For 13 Dec 2022 Buy -Above 18525 Sl-18475 T-18630 18720 Sell-Below 18425 Sl-18475 T-18290 18170 NIFTY has closed on a flat absolute flat note with 0.00% gain. It has closed near day high which is a positive sentiment. This positivity will continue if it sustains above today's high. Strong buying momentum have been created from today's low. So today's low is a very important , breakdown can lead to decent fall. Today Sell triggered as per trade setup but as sharp buying hit sl as per setup. But I updated to exit cost to cost. Then it just consolidated. Buy level was tested but not triggered as candle did not close. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 18525 then we will long for the target of 18630. Post pullback it can test 18720. For selling we need a 15 min candle close below 18425. Target will be 18290. PDL is mid way. Next target will be 18170. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
BAJAJ ELECTRICALS BUY SIGNALBajaj Electricals on daily timeframe 1 year chart seen strong BUY signal today ..strong triangle breakout with very good volume up more then 7% at closing. chart shows stock corrected from 1600 odd level to around 950-970 level and bottom out that level, trend reversal confirm today's bullish candle . Bullish histogram seen on chart . co posted good quarter result in sept quarter compare to last few quarter so fundamentals is inline, latest guidance given by co officials is also positive and that result will be seen in near future BUY BAJAJ ELECTRICALS cmp @1124.70 Target 1250-1450 ( 2-3 month ) Stop loss 950 Support -S , Resistance - R mention on chart. please make own study and take a call ...hope this idea useful and profitable to your analysis . HAPPY TRADING.!!
NSE:BAJAJELECLong
by champtrade111
Bhel- Long term BuyWe use almost centuries old fractal models based on basic sciences to decide buy , sell and timing. Bhel had given a strong buy signal on monthly scale which means a trade which can last years. Change of trend signal has been triggered which means Timing signal has triggered ( Lower panel) It has broken out of Green and Red lines ( monthly closing below 35.50 and 42.80 will negate the trend ) , and as long as it treads above it, it's a long term long. Will keep updating the levels for readers. Enjoy If you want to use these indicators or want to learn how to use to do message me.
NSE:BHELLong
by ajitk2020
1
SUNTV Network - Buy & Accumulate SUNTV Network SUNTV is in strong Buy Zone. MY view is, It will move up to the expected target levels of 559, 597, 650 **************************************************************************************************************************************************************** You can also see my other stock analysis and the performance of achievement/judgment in my profile ideas. Please follow me , If you would like to see more ideas on stock movement **************************************************************************************************************************************************************** ******************************************************************************************************************************************************************************************************************************** **Disclaimer: I am not a SEBI registered consultant/Advisor. It is completely my view and opinion. My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock buying or selling. Please do your own research and consult with your financial advisor before taking any action. I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index. ********************************************************************************************************************************************************************************************************************************
NSE:SUNTVLong
by pmosesoliver