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SURAJEST READY FOR TREND RESUMPTION MOVE NSE:SURAJEST Pattern: The stock is forming a flag in an uptrend, indicating a potential continuation of the upward movement. Resistance Level: There is a horizontal resistance above 810, which the stock needs to break to continue its upward trajectory, waiting for an hourly close will be good. Sector Outlook: The realty sector is poised to zoom up, suggesting a favorable environment for SURAJEST LTD. Target and stop Levels: Refer to the chart for specific target levels. Keep learning and happy trading!
NSE:SURAJESTLong
by SANJAYPATIDAR_
Nifty Expiry Douple Top Bearish DivergenceNifty tested twice 26000 in 2 days in 1 hour time frame there is double top formation and with RSI being a negative divergence signaling a Short set up on open if opens flat. A gap down opens later checks on 26k area rejection can be short another option. Any gap up above 26035 could be sell off as per Price action , contiunuos risisng market need a breather a leg pull back to resume uptrend. Immeadiate Resistacne is 26035. Immeadiate Support is 25860. Note:- This is chart is 1 hr chart zoom into lower time frame trading time frame for intraday which is 5 mins or 15mins for better entry since levels are marked wait for confirmation of rejection or acceptance.
NSE:NIFTY
by rakeshreddym
2
NIFTY 50 DAILY UPDATE - PROJECTING WAVE 5Hello, Just zoom out daily chart you can clearly see wave 3 is extended. Elliot wave - The Guideline of Equality says that two of the motive sub-waves in a five wave sequence will tend toward equality, which is generally true of the non-extended waves. This means that, when Wave 3 of an impulse wave is the extended wave, Wave 5 will approximately equal Wave 1 in price. This is useful for potentially projecting the end of Wave 5 in an impulse if you recognize Wave 3 as an extended wave. According to this guideline Nifty 50 wave 5 Target is - 26203.
NSE:NIFTYLong
by KardamRishi
Force Motors: A Technical and Fundamental Play in Demand ZoneWelcome traders! Today, we're diving deep into Force Motors, a stock currently sitting in a significant demand zone. Let’s break down the technical and fundamental aspects that make this stock an interesting opportunity. Monthly and Weekly Demand Zones: When we look at the monthly chart , Force Motors is currently trading in a strong Rally Base Rally (RBR) demand zone . This zone is a crucial area where price often finds support and can lead to a bounce back. If we zoom into the weekly chart , we notice that the price has already reacted from a weekly RBR demand zone nested inside the monthly zone. Last week’s candle formation is notable because it’s an absorption candle , indicating that the selling pressure has been taken over by buyers. 📊 Volume Analysis: The presence of large green volume bars compared to smaller red bars further suggests that the selling is minimal, showing a clear sign of strength. The price is currently in a healthy pullback from its all-time high, which often provides a great buying opportunity for savvy traders. 🧠 Fundamental Strength: A Company on the Rise 💪 Force Motors is not just looking good technically; its fundamentals are also rock solid. The company's Piotroski F-score is 9, indicating strong financial health. This score assesses several financial criteria, including profitability, leverage, and operating efficiency, confirming that the company is fundamentally sound. Recent quarterly (June 2024) numbers are impressive: Net Sales: Rs 1,884.90 crore in June 2024, up 26.71% from June 2023. Net Profit: Rs. 115.70 crore in June 2024, up 68.76% from June 2023. EBITDA: Rs. 264.13 crore, up 37.52% from June 2023. EPS: Increased to Rs. 87.81 from Rs. 52.04 in June 2023. These numbers reflect not just growth but also consistent performance. Such fundamentals often provide a safety net for technical setups, adding an extra layer of confidence. 🔍 Institutional Interest: The Big Players Are Watching 👀 We always like to see where institutional money is flowing because it often moves the market. For Force Motors, the institutional investment data is promising: FII/FPI holdings have increased from 6.34% to 7.78% in the June 2024 quarter. Number of FII/FPI investors rose from 124 to 160. Institutional Investors’ holdings jumped from 7.20% to 8.80%. This surge in institutional interest tells us that the big players are finding value in Force Motors at these levels. Their buying can lead to further price appreciation as they tend to have a long-term view. The current price is trading in area where institutions have increased their stakes most probably, indicating that these monthly and weekly demand zones are genuine footprints of smart money. This means we are aligning our trades with institutional players. The likelihood of the price falling from this area is quite low because institutions typically protect their positions. These demand zones suggest that there may be pending or unfilled buy orders from smart money, so entering a trade here means we are trading alongside these big players. 💡 Trade Setup: A Clear Plan for Traders 🗺️ Based on the technical and fundamental analysis, here’s a potential trade setup: Entry: You can consider buying at the current price level, which is within the strong demand zone. Stop Loss: Place your SL below the demand zone or, if you don't want to take big risk, just keep SL below last week’s candle low with a buffer. Target: Aim for at least a 1:2 risk-reward ratio. You can ride the rally by trailing your stop-loss, ensuring you lock in gains as the stock moves in your favor ⚠️ A Word of Caution: Always Manage Your Risk Trading is about probabilities, not certainties. Even the best setups can fail, so always manage your risk. This analysis is for educational purposes only. I'm not a SEBI registered analyst, and you should do your own research before making any trading decisions. 🔥 Keep Trading and Keep Growing! 📈💪 "Success in trading is not about being right, but about managing your risk and emotions." 💡 Thank you for your support, likes, and comments. Feel free to ask any questions! Your interaction keeps me motivated to share more valuable insights. Happy trading, and may the markets be ever in your favor! 🎯🚀
NSE:FORCEMOTLong
by AfnanTAjuddin
2
this counter will test ur patitenceIdea CMP 13.58 I have been bullish on this counter for some time . Here is Elliott angle. The rise can be divided into impulse waves which means the uptrend in this counter has started. Currently it is likely to correct all the way to 11.75. Now this will be the place to buy this counter, as it will zoom to 19 bucks again. There will be one more heart ache from here which will be deep. The dreaded C leg. This fall will be the best place to buy.
NSE:IDEA
by singh17vivek
2
NIFTY BANK At Multiple Support Zone : Observing A Buy SetupThe extension phase in Nifty Bank wrapped up on July 4th, 2024, hitting a fresh high. Since then, we've been in a correction phase. Now, let's zoom in on the 4-hour chart. What do we see? Multiple support levels, and they're not just any support levels: A trendline that's been holding steady since October 2023. The 200 EMA, a key moving average to keep an eye on. A previous resistance zone, which now should flip into a strong support. The 0.5 Fibonacci support level, adding to the mix. Right now, the price is sitting snugly at all these levels, creating a sweet spot of confluence. What should traders be watching for? Look out for bullish candlestick patterns like a Bullish Pin Bar, Morning Star, a Bullish Engulfing etc. These could be the signals we need. If this robust support area holds, Nifty Bank is likely to target the 51000-51150 zone – not only a psychological level but also the upper boundary of the channel we’ve marked on the chart. Trade smart, and always weigh your risk before you get greedy on reward. Regards, Rafat K.
NSE:BANKNIFTYLong
by khanrafat20