Get started

Search in ideas for "WWW.TRADINGVIEW.COM"

Technical Symphony of Bullish Signals in Apollo Hospitals Hello Friends, Technical Analysis Summary of Apollo Hospitals In this technical analysis, we have examined the price action of Stock APOLLO HOSPITALS across multiple timeframes, focusing on the weekly, daily, and hourly charts. The analysis aimed to identify potential bullish signals and assess the ongoing trend to aid in decision-making for traders and investors. Weekly Chart On the weekly chart, we observed the completion of waves (1), (2), (3) & (4) and now possibly we are unfolding wave (5) on weekly. Additionally, the Moving Average Convergence Divergence (MACD) remained positive and above the zero line, supporting the bullish sentiment. The Relative Strength Index (RSI) also indicated strength in the upward move. Daily Chart Switching to the daily timeframe, we had completed wave 1 and 2 inside the weekly wave (5) and now possibly we are unfolding wave 3 of (5), also we witnessed two range breakouts, both accompanied by good volumes, signaling a strong uptrend. The MACD displayed an uptick above zero line after a minor pullback, further validating the positive outlook. Additionally, the RSI reflected strong positive momentum, aligning with the bullish bias on higher timeframes. Hourly Chart On the hourly chart, the stock exhibited an ascending triangle pattern, and its breakout with significant volume further supported the bullish continuation. The RSI on the hourly chart remained in a robust positive territory, emphasizing the strength of the upward move, rsi level is too high and down tick, so it might give any dips that can used as an opportunities to go long. Moving Averages On all three timeframes like hourly, daily, and weekly charts, this stock traded above the 50-period Exponential Moving Average (EMA), 100-period EMA, and 200-period EMA. This alignment with the EMAs indicated a consistent and strong bullish trend across different time horizons. Conclusion Based on the analysis of multiple time frames and multiple technical indicators, including the Elliott waves, MACD, RSI, and Moving Averages, Stock APOLLO HOSPITALS demonstrated a compelling bullish outlook. One can go long now with small quantity and add some in dips (if any) with invalidation levels mentioned on chart as a red lines. Technical Symphony of Bullish Signals in Apollo Hospitals looking potential upward continuation. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing. some significant snapshots are shared below Possible Weekly Elliott wave structure Possible Elliott wave structure on daily chart Range breakouts on daily time frame with good intensity of volumes Price given ascending triangle's range breakout with good intensity of volumes on hourly chart MACD positive on hourly chart MACD uptick after down fall above zero line on Daily chart MACD positive and above zero line on Weekly chart RSI breakout and uptick above 60+ on weekly RSI breakout and uptick above 60+ on daily RSI strong positive on hourly One possibility
NSE:APOLLOHOSPLong
by RK_Chaarts
16
HTF - GOLD - HAS LOST ITS SHINE?My analysis today deals with how the further course of our most popular precious metal "GOLD / XAU" could look like. For this I have carried out a "MULTI-TIME-FRAME" analysis, which refers to the higher time units (month - week - day) and thus makes the big picture visible. Normally, all time units below "1h" are called noise, but even a - 1h-4h - analysis is of no use to you, if the knowledge about the big and whole is missing. > We traders know that nobody can predict the future, and that's exactly why you have to be prepared for all initial situations. > If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > I have explained in detail which levels are RELEVANT in the following pages. . table of contents 1st part = INTRODUCTION 2nd part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame = Dayly - Time frame 3rd part = CONCLUSION PART ONE "INTRODUCTION" After "XAU/USD" formed a double top between 2020-2022, a strong sell-off has been unleashed thereafter. > This sell-off paused in October this year to test the strength of it. > With a subsequent bullish monthly candle, many retail investors now feel on the safe side that new highs will be reached. > Here I do not want to take away the joy, but the big picture does not suggest anything like that. > Once you look at the DXY (USD index) on the higher timeframes, the following sell-off in gold is "indirectly" confirmed. (My DXY analysis is linked below this post, for confirmation purposes.) GOLD SAFE HARBOUR . If you follow popular wisdom, GOLD is classified as a safe and reliable haven. SPEAKING LIKE ... > "All that glitters is not gold." > "Talk is silver, silence is gold." > "Much gold, much future." That, the precious metal gold got such a high value awarded - HAD - its reasons. > Inflation protection and security - are definitely the two most associated words with this precious metal. Unfortunately, at the latest, since the year 2021, this no longer seems to apply. > If one compares the loss of inflation and the gain in value of gold, a significant gap can be seen, at which there can no longer be any talk of "inflation compensation". > Gold will therefore no longer live up to its reputation and a rethinking of its value will have to take place in the future. SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels, I proceed according to the onion-skin principle. > MONTH - level > WEEK - level > DAY - level These are divided into > SUMMARY > CHARTS The charts are presented in logarithmic scaling, as the given information can be visually presented in a more harmonious way. 1st MONTH – Time frame SUMMARY The trend channel plotted on the chart formed in March|2007 and has since maintained its position as a legitimate trend channel. Its mid-trend line showed reactions when confronted and was respected by the market. > Price is in the area below the mean line and had last touched the channel in 2018. > September|2020 the price ran into the mid-line but was not strong enough. This becomes very clear when looking at the moving away middle line despite the "double top". > The trend arc is another resistance, which should be taken into account for a future downward movement. If we go into more detail about the "SUPPLY & DEMAND" zones, you can look at two zones in the chart. > The "SUPPLY" zone is VERY STRONG because it is a RBD (Rally Base Drop). > The "DEMAND" zone is VERY WEAK, as it is a DBD (Drop-Base-Drop). > If we get another rise in the DXY, the drawn "DEMAND" zone will break and the sell-off will continue. The Fibonacci retracements should serve us as additional confirmation, and have been proved in past moves (last decades) . > Should the price rise even further, FIB (1) will serve as a Strong Resistance Zone, although the "FIB Zone = 0.75-0.88 - is the Strongest Resistance. (1) > If the sell-off continues, FIB (2) cannot do much in the monthly chart, but if necessary there will be a reaction on the "smaller" time levels. > The FIB (3) = 1.618 level, will resemble a large magnet and in combination with the FIB (4), will trigger a large resistance reaction in the market. Past highs and lows usually serve as resistance / support, of which we have three. > HIGH | 08/20 - Already showed a reaction (double top). > HIGH | 09/11 - Point of Control > LOW | 03/21 - Broken and recaptured Points and levels of interest are in front of us, which have played a strong role for the market since 2011 . > The most significant resistance, represents the plotted - POI (1800 USD), which is still contested at the time of this analysis. > The other POIs have non-negligible resistance and support characteristics and should be kept in mind. CHARTS XAU - Overall picture XAU - Trend lines XAU - Supply & Demand ZONES + Market Structure Break XAU - Fibonacci XAU - POI ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 2nd WEEK – Time frame SUMMARY In addition to the already mentioned trend channel, now three more become visible, which may have escaped the one or the other. > The "Purple" trend channel formed at the same time as its big brother (monthly channel) and thus represents a major significance for the market. We are at the middle line of the channel and the market seems to have used it as support. > The "Turquoise" trend channel accompanies us since the last high and has a big say with its many interactions. My guess is that its resistance line will decide whether the sell-off will continue or be broken with confirmation. > The "Earth-colored" trend channel is a small sideways accumulation and accompanies us in this area. Currently, the price has fought its way back into the channel, confirmed it and is now targeting the top of the sideways channel. > The "Orange colored" trend line , has been respected since 2018, 07|2022 broken. The price suggests that the trend line is approaching for a final retest. The additional "SUPPLY & DEMAND" zones join the two existing ones and remain untouched. As additional Fibonacci additions, we have: > The 0.88 FIB (1), combined with the levels from the FIB (2). This represents with the 0.88 levels from FIB (2) - two very relevant resistance ranges. > FIB (3) is only valid if the price does not rise further and therefore the input values do not change. Should this be the case, the 0.786 + 0.88 area is the most important to watch out for. CHARTS XAU - Overall picture XAU - Overall picture + Month XAU - Trend Channels + Trend Lines XAU - Supply & Demand ZONES XAU - Fibonacci ATTENTION In the following time levels, I will only deal with the NEW, added elements. . 3rd DAY – Time frame SUMMARY The chart shows a falling triangle which has been broken . > As a result, the price has confirmed this break, with a close at the break point. > At this time level, there will be a sell-off, especially if the DXY rises. To give a little comment on the "Supply & Demand" zones: > The upper two "SUPPLY" zones are definitely very strong. 1800 + 1980. > The bottom "DEMAND" zone is very strong, as it is a DBR (Drop-Base-Rally) zone. (ca. 1640 - ca. 1615) > The "DEMAND" zones in between are incidental, will trigger small reactions on the lower time frames, but nothing significant. (ca. 1760 - ca. 1660) CHARTS XAU - Overall picture + Month + Week XAU - Supply & Demand ZONES + Trend Lines THIRD PART CONCLUSION "The central banks, themselves, are behind the gold price manipulation. What should you get out of it?" Run this question through your head and let me know in the comments what you think is more likely. > Another sell-off or a positive gold price for now? In summary, based on technical analysis, there are a few reasons for a weak GOLD price . > If you look at the area between 1,950 USD - 1,840 USD, it almost seems like an arm guarding the upper levels. > To bring down this defense, I think, needs more momentum than what we have and are getting right now. (Christmas, New Year, Chinese New Year) For this reason, I expect a weak gold rate and a strong USD, and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT . If this idea and explanation has added value to you, I would be very happy to receive an evaluation of the idea. Thank you and happy trading!
OANDA:XAUUSDShort
by ZielIstDieAutarkie
USD - IS IT KEEPING THE UPPER HAND AFTER ALL?My today's analysis deals with the fact that it could coming to an end with the correcting, and a further rise in the DXY is in front of us. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets. > This creates dangers, but also opportunities - it is important to look at the big picture. > Which levels are RELEVANT; I have explained in detail in the following pages. TABLE OF CONTENTS - 1. Part = DXY EXPLANATION - 2. Part = TECHNICAL ANALYSIS = Monthly - Time frame = Weekly - Time frame = Daily - Time frame - 3. Part = CONCLUSION FIRST PART “INTRODUCTION“ The "DXY" indicator entered on September 28 of this year, the first time since May 2021, in a downward correction. > On this day, I published an analysis, which dealt with a possible top in the DXY. > This forecast turned out to be a precision landing on the day and is to till now the TOP. (My analysis is linked below this post, for confirmation purposes.) To help you understand the relevance of the "DXY Index", let's take a closer look at it. The U.S. Dollar Index (DXY) is a ratio (index) that compares the value of the U.S. dollar using a basket of six currencies. > EUR = 57,6 % > JPY = 13,6 % > GBP = 11,9 % > CAD = 9,1 % > SEK = 4,2 % > CHF = 3,6 % EXPLANATION DXY > RISE One of the currency pairs falls > Pressure on other currency pairs increases = Chain reaction = All currency pairs fall DXY < FALL One of the currency pairs rise > Pressure on other currency pairs decreases = Chain reaction = All currency pairs rise So if you interpret the DXY correctly, you can get confirmation for ideas in other related currency pairs. SECOND PART TECHNICAL ANALYSIS For the analysis of the higher time levels I proceed according to the onion-skin principle. > MONTHLY - Level > WEEKLY - Level > DAILY - Level These are divided into > SUMMARY > CHARTS 1. MONTHLY – TIME FRAME SUMMARY The trend channel shown in the chart formed in May|2011 and has since maintained its position as a legitimate trend channel. Especially its mid-trend line showed many reactions and great interest of the market. > The price has reached this middle line and has already reacted positively. > The trend arc is another bullish signal and could serve as additional resistance in the future. If we look more closely at the "DEMAND" zone, we see that it has already been tested on. > The monthly candle closed above the zone, which is another positive indicator. > If we get another rise in the DXY, the marked "SUPPLY" zone, will serve as a very strong resistance and will be a real challenge. The Fibonacci retracement should serve us as an additional confirmation, and was taken under proof in past movements (last decades). > The 0.328 level, was breached without another reaction at this time level and the monthly candle closed below it. > Still pending is the next 0.50 level, which in combination with several arguments, represents a Medium-Strong resistance. > In the absence of a reaction from this level, we will see another sell-off to the 0.618 level. Past highs usually serve as resistance, of which we have two. > HIGH | 01/17 - Already showed a reaction > HIGH | 03/20 - Reaction still pending Points and levels of interest are available to us, which have a not irrelevant duration. > The most significant resistance is the marked POI ZONE (turquoise), with 50 years of experience. > We can be sure that there is great interest in this one. > This already proved true with a first reaction, but we must continue to wait for the candle close to confirm the argument. > If this is "temporarily" broken by a panic in the market, the POI at 102,000 points, serves as the next point of contact. CHARTS DXY – Overall picture DXY – Trendlines DXY – Supply & Demand ZONES + Market-Structure-Break DXY – Fibonacci + POI ATTENTION In the following time levels, I will only deal with the NEW, added elements. 2. WEEKLY – TIMEFRAME SUMMARY Besides the already mentioned trend channel, another one is now visible (violet), which was formed in May|2021. > Regardless of its inconspicuousness, it supports the tenor of the thesis. > It was respected and must prove itself again in the coming days and weeks. The additional "SUPPLY&DEMAND" zones join the two existing ones and remain untouched. As further Fibonacci additions we have: > A 1.618 level which was almost touched but is still pending to be worked off. > A 0.786 level which has been able to defend the last two weekly closes. > A 0.88 level, which in combination with the pending MSB, represents a strong resistance. CHARTS DXY – Overall picture DXY – Overall picture + Monthly DXY – Trendlines DXY – Supply & Demand ZONES + Market-Structure-Break DXY – Fibonacci + POI ATTENTION In the following time levels, I will only deal with the NEW, added elements. 2. DAILY – TIMEFRAME SUMMARY In the chart, further trend lines are drawn, which have shown reactions in the last 4 months. > These will represent resistances for a possible upward movement. Because so many elements are drawn in the chart, I would advise you to look again at the chart below, where you see only the S&D zones. > Some close together with the higher time levels, which reinforces their - resistance/support. CAUTION (Paler Zones) > The Supply zone, has been touched before and thus has less resistance. > The Demand zone, has been breached and thus should not trigger a major reaction, however it could still be "recaptured". In order to be able to forecast possible target ranges, we would first have to reach the bottom, which has yet to form. > The plotted levels can still change, but serve as a first reference point. > If the reached level already represents the bottom, one can see that the FIB levels, beautifully go along with the "Supply&Demand" zones. CHARTS DXY – Overall picture DXY – Overall picture + Monthly + Weekly DXY – Trend lines DXY – Supply & Demand ZONES DXY – Fibonacci THIRD PART CONCLUSION "The market makers only make money when everyone else loses. So what is the current mainstream opinion?" Run that question through your head and let me know in the comments what you think is more likely. > Another sell-off or a strong USD for now? In summary, based on technical analysis, there are a few reasons for a "temporarily" strong USD. > If you take a closer look at the area of the - HTF-POI-ZONE - you will see quite quickly that resistances could be enough for a whole arm. > Bringing this wall down will take more than one run-up, in my opinion. For this reason, I am assuming a strong USD and an accompanying bloodbath in the traditional and crypto markets. > Positioning after confirmation of this thesis = SHORT If this idea and explanation has added value to you, I would be very happy to receive a review of the idea. Thank you and happy trading!
TVC:DXYLong
by ZielIstDieAutarkie
Skipper ltdSkipper ltd, this stock is looking in good momentum on daily, weekly, and on monthly too, along with cup and handle chart pattern breakout along with good intensity of volumes too, also wave structure is suggesting bullish bias at the same time, one can go long at current levels and can add more in dips (if any), overall, its looking good candidate for longs. Whole scenario chart pattern and breakout Trendline breakout along with price challenging upper bollinger band in daily RK's Magic Buy Signal along with RK's Mass psychological Cloud also suggesting positive bias ahead wave structure is also suggesting bullish ahead Weekly upper band challenged Monthly upper band challenged Macd in daily positive uptick Macd in weekly positive uptick Macd in monthly positive crossover and uptick Rsi in daily positive uptick RSI in weekly positive uptick also breakout dmi adx positive in daily time frame dmi adx positive in weekly time frame dmi adx positive in monthly time frame Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:SKIPPERLong
by RK_Chaarts
2
US OIL ELLIOT WAVE COUNTS AND BREAKOUTCrude oil is looking Bullish ahead Reasons are mentioned below Inverted head n shoulder Neckline Breakout Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame Possible wave counts on weekly chart Possible wave counts on Daily chart Possible wave counts on 4 hourly Possible wave counts on 1 hourly Price challenging upper band on daily time frame macd positive cross in daily time frame macd converging towards north uptick in weekly time frame RSI uptick above 60 in daily time frame DMI ADX positive uptick in daily time frame Price closed above 50dema, 100dema & 200dema Weekly close above 20WEMA, its also above 50 WEMA, 100 WEMA & 200 WEMA. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
TVC:USOILLong
by RK_Chaarts
Elliot Wave Analysis of Nifty 50: All Time FramesView: Bearish in short term, Bullish in long term This analysis will show how the Nifty 50 index unfolds into the Elliot Wave patterns. First, we try to understand the wave structure in the weekly timeframe. The first wave traversed from 279 to 6357.1 which, in turn, corrected to 2267.7, which is approx. 61.8% of wave 1. The third wave was normal and completed at 12103.05 which is 161.8% of wave 1. The correction of 3rd wave was expanded flat. Wave C of the 4th wave was swift and ended at 7511.1 which is approx 50% correction of wave 3. If we look into the internal wave structure of the fifth wave, wave 3 was extended (416.8% of wave 1) and completed at 18604.45. Wave 3 corrected as wave 4 by approx 38.2% in complex correction pattern W-X-Y-X-Z which seems to be completed at 15183.4. Bounce from 15351.9 to 17992.2 may be expected as the part of wave 5 of primary wave structure. Within bounce from 15351.9, wave 1 may be completed from 15351.9-15927.45. It further corrected by approx 50% of wave 1 and completed wave 2 at 15511.05. Wave 4 of the extended wave 3 is expected to be in progress. Decline from 17992.2 is expected to be a zigzag (5-3-5). It seems that wave A has been completed at 17345.2. 38.2% correction of wave A has been breached. The index may face resistance at 50% correction level of 17668.1 which may also be the reversal point making end of wave B. After that we may see the unfolding of wave C of the correction to 17178.7 level which is 38.2% correction of wave 3 of extended wave 3.
NSE:NIFTY
by Epic_Elliot
4
Indusind bank bullishIndusind bank is now in uptrend and making higher high and higher lows. In daily chart price is above 50 EMA and broken trendline resistance with good intesnsity of volume. On 13th July there were red candle with very high volume. Today red candle'S high gone. Price is challenging bollinger band on upside. weekly macd uptick Daily macd uptick and positive crossover stat. Weekly RSI is above 40. Daily RSI is in momentum Daily stochastic have given positive crossover.
NSE:INDUSINDBKLong
by VR_Securities
Why to 'SELL' when shares are at 'SALE' !!!NSE's "END OF SEASON SALE" is here, don't get confused from end of season I mean that may be this bearish season has came to an end, hence the shares are available at sale try to accumulate the compounders in your portfolio. What are the indications that suggest end of the season:- 1. India Inflation Rate: Inflation has formed triple top pattern with RSI bearish divergence which indicate some decrease in rates, fall in inflation is always good for markets. 2. Nifty: Nifty is taking support at 100DEMA from where it has bounced earlier also. Nifty has corrected 18% from top hence can show bounce of 5-7% from here. Though CRUDE OIL and USDINR has not witness correction but it seems that they will also cool-off and that will be a boost for markets. Let's head towards showroom where the yearly compounders are at sale!!! -> PIDILITE INDUSTRIES: avail 27% DISCOUNT Technical Factors- -taking support at 100DEMA from where it took support earlier 2 times -27% correction from top and minimum upside 12-15% Fundamental Factors- -10Yrs sale growth 12%, profit growth 14%, price CAGR 29%, ROE 25% -3Yrs median PE 86.8 and now trailing at 91.4 close to average -> MINDA INDUSTRIES: flat 38% OFF Technical Factors- -taking support at 800 a support range also rising RSI breaching above 50 -38% correction from top and minimum upside 10-13% Fundamental Factors- -10Yrs sale growth 22%, profit growth 35%, price CAGR 56%, ROE 15% -3Yrs median PE 56.1 and now trailing at 73.6 close to average -> BERGER PAINTS: enjoy 37% price DROP Technical Factors- -taking support at pre-covid levels also at 200DEMA -37% correction from top and minimum upside 11-14% Fundamental Factors- -10Yrs sale growth 12%, profit growth 17%, price CAGR 28%, ROE 23% -5Yrs median PE 72.4 and now trailing at 69.3 below average -> MASTEK LIMITED: bumper 50% DISCOUNT Technical Factors- -taking support at 0.5 Fibonacci retracement level -50% correction from top and minimum upside 12-15% Fundamental Factors- -10Yrs sale growth 14%, profit growth 27%, price CAGR 34%, ROE 15% -5Yrs median PE 14.9 and now trailing at 20.98 close to average - > VINATI ORGANICS: flat 27% OFF Technical Factors- -taking support around 1720 at lower range -27% correction from top and minimum upside 10-13% Fundamental Factors- -10Yrs sale growth 14%, profit growth 20%, price CAGR 42%, ROE 24% -3Yrs median PE 44.8 and now trailing at 55.9 close to average -> ABBOTT INDIA: 35% price drop Technical Factors- -taking support in rising upward channel -35% correction from top and huge upside after range breakout Fundamental Factors- -10Yrs sale growth 13%, profit growth 21%, price CAGR 28%, ROE 26% -5Yrs median PE 47.6 and now trailing at 48.1 close to average -> RELAXO FOOTWEARS: avail 35% discount coupon Technical Factors- -taking support around 940 and RSI bouncing from 30 -35% correction from top and minimum upside 10-12% Fundamental Factors- -10Yrs sale growth 12%, profit growth 19%, price CAGR 44%, ROE 20% -3Yrs median PE 89.2 and now trailing at 105 above average -> HLE GLASCOAT: bumper 60% price drop Technical Factors- -taking support around 2960 and RSI flat ready for bounce -60% correction from top and minimum upside 14-17% Fundamental Factors- -10Yrs sale growth 22%, profit growth 36%, price CAGR 57%, ROE 30% -3Yrs median PE 48.4 and now trailing at 70.7 above average -> HONEYWELL AUTOMATION: flat 40% OFF Technical Factors- -taking support around 200DEMA -40% correction from top and minimum upside 12-15% Fundamental Factors- -10Yrs sale growth 6%, profit growth 12%, price CAGR 29%, ROE 18% -3Yrs median PE 72.0 and now trailing at 90.4 above average - > JBM AUTO: enjoy 45% DISCOUNT Technical Factors- -taking support around 380 and RSI bouncing from 40 -45% correction from top and minimum upside 20-25% Fundamental Factors- -10Yrs sale growth 13%, profit growth 21%, price CAGR 53%, ROE 16% -3Yrs median PE 32.4 and now trailing at 31.9 close to average NOTE: There are more stocks with such fundamentals like TIMKEN ,SCHAEFFLER , etc. but they have not shown correction so they are not included here and stocks like ALKYL AMINE,ALEMBIC PHARMA, etc. have not shown any signal of bounce though at attractive levels hence they are also not included. All, the above charts are weekly and should consider positionally they are 25% yearly compounder from last 10years will remain for upcoming 10Yrs also.
NSE:NIFTYLong
by Chaser30
5
Some of Small Cap 100 stocks to keep eyes 👀 on for next week NSE:PVR 1) TV18 Broadcast For up side move breakout of 38.50 is needed otherwise downtrend will continue. 2) IDBI BANK This is for a bit mid to long term positional trade if it gives sustainable breakout of this box. It is making RSI bullish divergence on 1hr TF. 3) DELTA Corp It is trading in Triangle pattern in 15min TF. Breakout on either side will give move in that direction. 4) IEX On 1D TF, Friday candle gave closing in the resistance Channel. Once it come back above 180 level then we can see one pull back to go up side. but if it fail then the downtrend will continue. 5) First Source Solution It has to sustain above 100.50 to give one up spike 102 - 102.50 is a flip level. It will face resistance from it if it trades below it and it will become support if it trades above it. 6) Birla Soft 364-365 is a immediate breakout level. If it sustain above it then we can see up move in it. 7) GNFC 590-592 range is flip zone. If it sustain above it then we can see up trend. Below this range it is in bearish sentiment. Above next resistance is at 600 level. 8) Chambal Fertilizer 280 level range is major support level. We might see good bounce from here. also if it fails to hold 280 then we can also see good selling in it. 9) Balrampur Chini 378 is immediate hurdle to take out. Above this it has to sustain to test 390-395 levels. 365 is immediate support. Breakdown of this support will lead to down fall. 10) SPARC It has to sustain above 205 level range to go bullish. Below 200 level it will be bearish. 11) CANFIN HOMES 438-440 is breakout level 430-431 is support level at this moment. Breakdown of 430 will invite selling and if it takes support from 430 range then buying will come which can lead to test 438-440 level and breakout of this 440 level will lead it to test 445-448-450 levels. 12) PVR 1850-1860 is immediate resistance range. If it manage to sustain above it then we can see the up move will continues and if it face resistance from it then it may go to test 1800 levels. 1660-1680 range is major support range. 13) Radico Khaitan Above 840-841 it will be bullish. It has been trading in range since long time. Keep this on radar it can be also a good positional trade. This view are personal. All the best for your next trading week. Feel free to share your suggestions/doubts if any.
P
by Trading_hawk
4
LICHSGFINThis stock has aligned all sentiments in multiple time frames which are good enough to forecast next moves, and it indicates bearishness ahead. Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. Wave structure is also suggesting more correction ahead, after good up rally and high of june 2021, it started correction, which had formed Leading diagonal structure in wave A as a correction in month of April 2022, and after that wave B completed, Now possibly wave C is unfolding, Also this stock has seen a sharp correction without any major pullback, so in near term some pullbacks are also due which cannot be ruled out. 367 and 397 are major resistance on the way up to watchout, and in the short to medium term, the stock can possibly head south towards price levels of 235. One can go short at these levels or on Rise of price (if any). Overall wave structure is looking like this Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. RK's indicator confirms at big levels Monthly and weekly charts RK's indicator confirms at big levels Daily and Hourly charts Price trading below 20SMA (Mid. bollinger) on monthly chart. Price closed below Lower bollinger on weekly chart, it indicates good strenght of bear power. Price also closed below Lower bollinger on daily chart, it indicates good strenght of bear power. macd in weekly bearish macd in daily bearish rsi in weekly down tick and now below 40. rsi in daily negative dmi adx is also negative Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:LICHSGFINShort
by RK_Chaarts
ICICI is preparing to be accomplished with it's 5th wave !This is ICICI monthly timeframe chart, which has a major trend as an uptrend. In this, 1 to 4 waves have been formed and to complete the impulse module, the 5th wave is going to be made. The third wave is extensive. The wave count of it is a bit unclear. When we count the minor waves of the 3rd wave, the 4th wave of minor waves is overlapping. But if we see the big cycle, the 4th wave is not overlapping. In the 3rd wave, if we connect the points of it we can see an expanding diagonal like shape. But we know the rules that 3rd wave is always an impulse, diagonals cannot be formed in it. Parallel Channel : I have drawn a parallel channel. In this, supply and demand are equal, that is why there is no excess formed up here. Sellers and buyers, both are satisfied with the price. The upper boundary and the lower boundary are acting as strong support and resistance level. On the upper boundary, the price has touched only once, the second time it is going to. We can not take it as valid, because according to the resistance line rules, the price must touch the line twice, and the third should be touching the line in the future. Fibonacci Retracement: The 2nd wave retracement is 100% of the 1st wave. The 3rd retracement is more than 161.8%, which is why it is an extended wave. Its retracement is 2.618. The 4th wave retracement is 0.5%. And it is not overlapping the 1st wave. Reversal and Pressure: I have mentioned 5 points of the price here with connecting a trend line. There is a reversal which is converting selling pressure into buying pressure. In every reversal, we find more volume than average volume. In this, we can see an engulfing pattern, spinning top, wick rejection, and piercing pattern. After this, I have mentioned a few price points. There are pressure and reversal which is converting buying pressure into selling pressure. Elliott Wave last move expectation: Here the 4th wave is retraced at 0.5% of the 1st wave and it is formed. If the current move is the 5th wave, then the 1st and 5th wave distance will be equal. That is the minimum count of it. If the 5th wave can not cross the 3rd wave, there will be a truncation. The 5th wave will be called the truncated 5th wave. If there is less momentum in price extreme, the 3rd wave of the minor waves acted as support in the previous reversal, it will act the same as before with providing support to the price. This is just an assumption that the 4th wave is formed. But if it is done, it could make a triangle or a flat zigzag. If you trade in this situation, DO NOT forget to place the stop loss. To check the retirement of the 5th wave, I have used Fibonacci Retracement and a trend line. If the 4th wave is formed, and the 5th wave is not truncated, the price would travel 78.6% to 100%. By using a trend line, I am drawing a resistance line to measure the possible ending of the 5th wave. With the trend line and Fibonacci Retirement, we can see the target will be 78.6%. ONLY if all the situations are fitted well. According to the price action rules, the price will touch the upper boundary to get crossed out of the parallel channel. Ichimoku Analysis: Tenkan and Kijun : Tenkan and Kijun, both were flat and the price was making a consolidation area. The price extreme is breaking Tenkan and Kijun. We know that Tenkan provides minor support and Kijun provides strong support. When these both were flat, it was giving a selling signal. But we know that the price was consolidating so it was a fake selling signal. This fake signal has given a clue that the cloud was below the price. The Chikou was free above the price and cloud. The KUMO cloud provided support for the price. This was a pure buying signal: 1- Price has taken support on cloud and cloud acted as a resistance. 2- Chikou was above the price, cloud, and Ten-Kij. 3- Ten-Kij were broken by the price. It went upwards. They both were resistance to the price but now it will be a support. 4- Price was above the cloud. Buying will be confirmed when the current candle will be closed above Ten-Kij.
NSE:ICICIBANK
by supreme_bull
20
SRTRANSFINThis stock has recently completed consolidation phase as wave 4th, now it has confirmed that wave 5th has been started in which wave i and wave ii has been possibly completed and now wave iii has been started along with flag breakout with good intensity of volume in weekly time frame that could be continuous and momentum ride towards north direction. wave structure in weekly wave structure unfolding in daily flag breakout in weekly with volume channel breakout in daily with volume macd turned positive and uptick above zero line in weekly macd turned positive and uptick above zero line in daily rsi uptick above 60 in weekly rsi uptick above 70 in daily dmi adx positive ungali in weekly dmi adx positive ungali in daily upper bbc in weekly upper bbc in daily Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
SLong
by RK_Chaarts