Currently, UltraTech Cement is trading over its strong support zone, which previously served as a resistance area.
We can see that the price has come back to test the head and shoulders pattern's breakout & we can see Selling Volume is getting Exhausted.
On the chart, I have drawn a red trendline. Planning a buy trade is possible if trendline breakouts occur.
for...
As per my knowledge and experience, by using simple tools of tradingview , uptrend of nifty is completed, for uptrend nifty have to consolidate for some days or make some ups and downs ,
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Ask your advisor for more information..
NSE:MAHINDCIE
The company is a auto components supplier to global automotive companies which include Volkswagen, JCB, Daimler AG , Hyundai etc.
Fundamentals:
-> TTM: sales have grown 20% and TTM EPS has grown >50%
-> Quarterly: sales increased >30% YoY and EBIDTA up by 20% YoY
-> Quarterly Margins have remained stagnant YoY indicating slow down in further...
ONGC
- This is a follow up on my previous idea when stock was trading at 140 odd levels
Chart set up
- The stock seems to have given a fresh breakout on hourly charts from yellow channel channel
- 21 hour EMA and 63 hour EMA around 148 / 146 respectively
Target potential for the stock 156-158.50
Use the 21 hour or 63 hour EMA as important Support level to...
It's been quite some time since I posted.
Just look at the this beautiful chart, you can find confirmation through various pattern and also can see some indication of institutional activity.
If tomorrow a small inside candle is formed then it will be best time to build position(near 600) for a target of about 45-50% with SL at 560 i.e., RR of 7.
Tata Steel
In my previous take I had suggested a Call short position given the set up at that time being bearish. That strategy played out well...
Now the stock is at same level, however, In the current set up,
- the stock is trading above 21 day EMA and 63 day EMA
- the stock has tested the time and so far is managing to stay above the May 2022 low
The...
Nifty
On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline.
Now, we are looking at Daily candlestick chart pattern
1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083)
2. Given breakdown below the blue trend line and now retesting it
3....
Nifty
On 29 Dec expiry day, I had suggested a Long trade which was squared off once Nifty touched 21 day EMA. It's there in the timeline.
Now, we are looking at Daily candlestick chart pattern
1. Nifty yo-yoing between 21 day EMA (Currently around 18252) and 63 day EMA ( around 18083)
2. Given breakdown below the blue trend line and now retesting it
3....
The stock has made a head and shoulder pattern and given a strong closing today. Sell above 19550 level for both intraday and swing .
first target 5% Carry only on day closing above trigger basis.
Gail India
Return potential - 8-10% / 15-16.5%
Risk: 3-6%
Risk::Reward ratio is 1::3 / 1::2.5
- Rest Every thing mentioned in the chart. Use it to plan your trade accordingly...!!!
Do let me know if you find the analysis and insights helpful.
Like and Follow for more ideas like these...!!!
Take care & safe trading...!!!
Disclaimer
- The view expressed...
NSE:BANKNIFTY
Banknifty key levels are marked on chart.
Intraday resistance - 43000 if breaks then bullish move is expected.
If it doesn't break and if drift below 42850 then a fall towards the major Support 42000 Is expected.
The price has reversed instantly with high momentum from major trendline support.
Use position sizing according to your stoploss...
It might be referred to as a darvas box breakout, a resistance breakout, or you can call it a rounding bottom breakout.
Strong volume and a bullish breakout candle indicate that buyers are clearly in control. Stock is rising and is currently trading at a record high.
Aggressive traders can plan entry above today's high and place Sl below Support Zone, which was...
Midterm forecast:
While the price is below the resistance 141.696, resumption of downtrend is expected.
We make sure when the support at 130.351 breaks.
If the resistance at 141.696 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 141.696 is broken.
Technical analysis:
While the...
The stock has made a double bottom pattern and given a strong closing today. Buy above 277 level for both intraday and swing.
Intraday target 300
Positional first target 315,320. Carry only on day closing above trigger basis.
