NSE NTPC stay strong in any market weakness, TP 190 with calls
As nifty is expected to go below 17300 on March 13 Market opening - NTPC could be a winner
Close to life highs, very strong buying / switching from high beta stocks
IV is very low (14%) and the call sellers could panic when the stock goes above 183 (life high) - this has been tested once already
Keep stop at 172 - which is the logical resistance and expect to see 190 within the month. Buying calls (very cheap) is the right way to trade this
Search in ideas for "STRONG BUY"
Leading logistics player is all set to test all time high!NSE:AEGISCHEM
Aegis Logistics Limited (AGL), a leading oil, gas, and chemical logistics company in India, operates a network of bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and LPG gas stations in order to provide products and services.
ROE/ ROCE are good at about ~17%
Debt to equity ratio is good with healthy interest coverage ratio
Promoter holding pattern is decent with no pledging
Although revenue growth and earnings are showing signs of slowdown, the margins and EBIDTA are showing good recovery since last couple of quarters suggesting good times ahead
On the technical side, price is just shy of testing all-time high and has been rallying in a strong uptrend since the past 2 quarters
Compared to benchmark index Nifty, the stock is showing impressive relative strength
Price is breaking out of a 1-month base with heavy volumes suggesting strong buying interest
Source: tickertape.in, screener.in
Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
Gold Entered into BULL MarketOn Weekly Basis:
GOLD completed its correction from USD 2070 to 1615 in its 5 Wave Down. It took a support at 1642 on weekly charts. It breached a strong support at 1700 which was a false bear move and reversed the trend immediately. Fresh new Wave has just started. One can be cautiously optimistic and it provides a good choice to buy at current level with a minimum target of 2070, which becomes a strong buy from long term point of view. There is a golden cross over at 200 DMA, happened in 1st week of January'23. It has come out of oversold position to neutral zone. RSI was deeply oversold in September'22. Now it has broken the downward trendline and continously going up with minor blip down.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
LT - Cup & HandleCup & Handle :
1) Strong upmove on weekly
2) relatively deeper base, retraced 50% upmove, but strong buying emerging in the second half of cup, this is institutions buying
3) very shallow handle getting formed, not much selling is happening now at these levels
4) 3 weeks tight closes above the prior resistance region, this is a sign of accumulation
5) declining volumes on the last leg of consolidation, again a positive sign
6) RS very near to bo as well, consolidating at 52 week highs
BankNifty Analysis - BIG MOVE ABOVE 35000 TO 38000.BankNifty Analysis - As mentioned in earlier weekly analysis of BANKNIFTY, 34000 was a strong buying zone, please check linked chart analysis of previous week for more detail.
1. DEMAND ZONE 34000.
2.Broke 34000 but reversed immediately, strong buying from SUPPORT ZONE.
3.BUY -
1. If trades above 35000.
2. Stop 34800.
3. Target - 36000, 37000, 38000.
4. SELL -
1. If gives weak pull back below 34000 as shown in the analysis.
2. Stop above 34000.
3. Target - 30000.
BANKNIFTY finally showed some strengthBANKNIFTY finally showed some strength from our given support and finally closed in green, again if market opens flat we can see strong buying and it is expected to fill the gap from 33500-34000 in a single run, as a confirmation we can also see BANKNIFTY forming more like a hammer candle showing strong buying from the support and hence unless the low is broken below which is 32200 we should not make any new selling position
Weekly BTC-USD(31st January)After the continuous declines, crypto markets took a breather last week and closed the week with ~1% gains. BTC also bounced back after making a recent low of $32,933 and closed the week with 4.46% gains. At the time of writing, BTC is trading slightly below $37,000.
BTC formed a bullish Hammer candlestick pattern on the weekly TF, which depicts that we can expect a pullback to the higher side in the coming days, this analysis also coincides by the fact that the Bitcoin balance on exchanges has reached 2.55 million, which indicates that the majority of traders on the markets are leaving exchanges and preferring long-term holding in cold or hot wallets.
On the smaller TF’s, BTC is trading in a Descending channel formation and is still making lower lows. On the downside, the immediate support is present at $35,500, if bears manages to break this level again, further downswing rally can be expected till the level of $32,800 followed by the next major support at $31,000.
On the higher side, BTC is facing stiff resistance from the range of $38,000 to $38,500, if we witness a weekly closing above this level, we can pullback rally to continue till the first level of $40,500 followed by the next level at $43,500.
BTC is witnessing a strong buying strength from its 100-WEMA which is placed at $35,625, it has tried to breach this level twice but failed to close below that level. Weekly RSI is making lower lows and there is no divergence with the price at the moment, which suggests that there is no strong buying momentum in the market and therefore we advise traders to avoid taking fresh leverage positions.
VODAFONE IDEA ---OUTLOOK NEXT ?VODAFONE IDEA after correction from 16.75 level fall to 15 level as of now..today 15-12-2021 but again stock seen at strong BUY zone TODAY
BUY VODAFONE IDEA 15 Level
target 16.50 , 17 . 18
Stop loss 14.50
BULLISH technical INDICATORS.
1. Stock at technical strong support
2. Trendline breakout
3. Double Bottom formation at 15 level
HAPPY TRADING. !
this stock will hit 745 and is capable of touching 760 soonthis stock will hit 745 and is capable of touching 760 soon . 745 is the resistance zone. strong buying activity seen.delta >2.4 lac.Market profile - close above DAY VAH. this stock will hit 745 and is capable of touching 760 soon . 745 is the resistance zone. strong buying activity seen.delta >2.4 lac.Market profile - close above DAY VAH.
Bank Nifty- Finally breaches 200EMA with a bullish candleBank nifty broke above 200EMA witha strong bullish candle and clsoed above it. FII 575cr and DII 1741cr strong buying support finally propelled bank nifty above 200EMA. Question is whether FIIs will continue to buy and will it sustain above 200EMA. The PCR at 0.97 is certainly encouraging sign from option writers who have a more balanced view (rather than a bearish view on bank nifty thus far).
Vix at 16.225 has dropped by 2% on 31st which should encourage investment from FIIs. Nifty has shown appreciable strength as well. Should the momentum carry we could see 100EMA as the next major resistance as 200EMA will act as a major support from here on.
Let us see how markets open on monday.
DHANI SERVICES LTD. looking good for buyingDHANI SERVICES LTD. looking good for buying.
Currently it is at crucial support level. It tried breaking the strong support but couldn't sustain so price is forming a triangle pattern.
Let's watch this closely and look for buying. this will be a strong buying zone.
Kopran Ltd. is forming Cup and Handle Pattern on monthly chart.Kopran Ltd. is still showing a strong buy trend because
Rsi is above 80
ADX Indicator is above 40 and showing strong buy because it is near DMI+ blue line Indicator towards upward.
Target 1 - 175.15 (Already achieved)
Target 2 - 246.90 (Already achieved)
Target 3 - 322.85
Disclaimer - This is for educational purposes only. I can be 100% wrong. Do your own due diligence before investing.
Airtel Swing TradeObservations:
1. Ascending Triangle
2. RSI (14) looks strong and is showing strong buy strength
3. MSB (Market Break Structure
4. Area of Imbalance on the upper side (marked on chart)
I see 3 opportunities with buy side entry with R: R 1:2 (next clean high); 1:2.75 (next clean high) and 1:3.91 (Imbalance area)
Long on Grasim IndustriesHet Guys,
Strong Pull back expected tomorrow as in above chart it closed above its strong Buying area on which high rejection found today itself so there is high chances for targets tomorrow to open flat to positive and will be trending for targets of 1550 might be achieve tomorrow itself and 1600 and 1700 in some upcoming sessions.
Follow for more ideas and analysis contact for any other stock analysis 86838-6394.
1:3.5 Risk Reward opportunity on HINDUNILVRThis is my first ever trade idea. I have been a fundamental stock analyzer for the most part of my time. I am also someone who doesn't fare well with intraday trading and prefer swing over intraday. I am not a registered financial advisor so please consult your advisor before investing. I am just here to share my bit of understanding and analysis with you and if this trade helps you achieve something, I would be very happy for your success.
As per my analysis, there is a strong Buy on HINDUNILVR between 2170-2215 from the support zone. From the price action and MACD, I can infer that we will probably retest the interim support at 2215 and may bounce. However, in case of further downward movement, there is strong channel support at 2170. Keep a strict SL of 2140.
My Trade on Futures:
Buy from 2215 (+1 lot)
Add more at 2170 (+1 lot)
Long Position Average: 2193 (for 2 lots)
Stop Loss: 2140 (-53 points)
Targets:
2385 (192 points), 2450 (257 points), Open (Please book your profit on the first target itself or trail your SL to 2300).
Risk Reward: 1:3.5
Return on Capital
Investment: 2,48,684
Max Loss: 31,800 (12.6%)
Profit on the first target: 1,15,200 (46.3%)
Fundamental Analysis
As per the financials of the company, the reserves have increased dramatically in the last quarter (Sep 2020), plus the FIIs have increased their shareholding. In an overall sense, there isn't a negative trigger as of now to break the uptrend channel (of 2170) that started in June 2017. There is a higher probability of success in this trade.