GRAPHITE INDIA: SHORT TERM BULL RUN EXPECTED📊 Graphite India - Technical Analysis - 02/02/2024
Current Status:
Closing Price: 562.10 📈
Fibonacci Level: 0.786 🌀
Yesterday's Trend:
Opening Price: Fibonacci Level 0.5 🌀
Movement: Upward to 0.786 📈
Signal: Parabolic SAR - Buy 🛒
Key Points:
Entry Point: 567.95 🚪
Resistance Level: If trades above 567.95 🛑
Target 1: 576.20 or 575.95 🎯
Stop Loss: 536.60 🔴 / KEY FIBONACCI LEVELS
Recent Trends:
Crossed 50-day MA on 30/01/2024 📈
Short-term Bull Run 🐂
Increasing Volume 📶
Indicators:
Static RSI: Middle Range ↔️
MACD: Expecting Crossover 🔄
Stochastic RSI: Upper Band Strength 💪
Fisher 9: Bullish Trend 📈
Conclusion:
Recommended for short-term entry in the current volatile market 🌪️📊
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:
#GraphiteIndia #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
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BSE: TREND REVERSAL TO BULLISH DIRECTION TO STRENGTHEN📊 Bombay Stock Exchange (BSE) - Technical Analysis - 02/02/2024
Current Status:
Closing Price: 2,493.45 📈
Gain: 7.31% ✅
Fibonacci Level: Above 0.786 🌀
Recent Trend:
Reversed Downward Trend ↗️
Above 50-day Moving Average 📈
Increasing Volume 📶
Technical Indicators:
MACD: Crossover on 31/01/2024 🔄
Static RSI: Bullish Crossover on 29/01/2024 🐂
Stochastic RSI: Upper Band Strength 💪
Fisher 9: Buy Crossover, Middle Segment 🛒📊
Trading Strategy:
Entry Point: 2,512.35 🚪
Target 1: 2,595.75 (Key Fibonacci Level) 🎯
Stop Loss: 2,287.80 🔴
Conclusion:
Considering the bullish indicators, the stock shows potential for short-term gains. Suitable for traders looking for momentum-based opportunities. 🌪️📈
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, including the loss of principal. Investors should conduct their own research or consult a financial advisor before making decisions. 🚫💰🔍
Hashtags:
#BSE #StockAnalysis #TechnicalAnalysis #Trading #StockMarket #Fibonacci #BullishTrends #Investment #Finance
🚀 Don't Miss Out: Safari Industries Hits Bullish Breakout! 📈 #📊 Safari Industries Technical Analysis
📅 Date: 31st January 2024
🔵 Closing Price: ₹2031.90 (↑ 4.6%)
🎯 Technical Indicators:
Fibonacci Level: Closed above critical level (0.5) at ₹2025.75.
50-Day Moving Average: Surpassed 50-DMA at ₹2030.33.
EMA & MA Crossover: Bullish signal with the red line crossing above the yellow line.
Parabolic SAR: Two days of positive signals indicating a bullish direction.
MACD: Positive crossover noted on 18th January 2024.
RSI & %R: Positive crossover on 29th January 2024; trading high.
Fisher Transform: At the upper band, indicating bullish sentiment.
🎲 Market Outlook:
Short-term bullish trend expected if market opens positively on 1st February 2024.
🎯 Targets & Entry Point:
Entry Point: If market opens above ₹2031.90.
Target 1: ₹2072.8 (Fibonacci 0.64 level).
Target 2: ₹2138.45 (Fibonacci 0.786 level).
🛑 Stop Loss: For conservative traders: ₹1881 or ₹1886.25.
🔔 Disclaimers & Disclosures:
This analysis is based on historical data and does not guarantee future performance.
Investors should conduct their own research or consult a financial advisor before making investment decisions. This content is for informational purposes only and should not be construed as financial advice.
#SafariIndustries #StockAnalysis #TechnicalAnalysis #NSE #Investing #TradingStrategy #BullishTrend #FibonacciLevels #StockMarket
Monthly chart of Castrol India Ltd #CastrolIndia
Monthly Update:
Market Cap: ₹18,620 Cr | CMP: ₹188.25
PE Ratio: 22.85 | Dividend Yield: 3.45
52W High: ₹196.45 | 52W Low: ₹107.40
Technical Highlights:
Broke trend line and upper Bollinger Band.
Upward breakout from consolidation with strong volume.
MACD: Bullish crossover below zero line.
Retracement could be a buying opportunity.
Educational Purpose Only. Disclaimer: Stock market investments carry risks. Consult a financial advisor. Past performance doesn't guarantee future results.
#CastrolIndia #StockMarket #EducationalPurpose
XAU/USD: Charting the Bullish Path - Support Levels And More..Technical Analysis:
Price: XAU/USD is currently trading at 2038, hovering near the strong support zone of 2033-2034. This level has consistently held up against downward pressure, indicating potential bullish bias.
Indicators:
RSI: 45.75 (neutral zone), showing a slight uptick from recent lows, potentially suggesting a shift towards bullish momentum.
Stochastic Oscillator: 38.88 (oversold zone), indicating potential for a price rebound
MACD: Histogram turning positive, suggesting a potential bullish crossover soon.
Fibonacci Levels: The 50% retracement level (2032-34) and the 61.8% retracement level (2029-28) act as immediate support levels.
• Entry & Stop-Loss:
Entry: Considering the bullish technical and fundamental outlook, a potential entry point could be around the current price of 2032-33 aiming for the initial upside targets of 2040-2042.
Stop-loss: A stop-loss order could be placed slightly below the strong support zone at 2030 to limit potential losses in case of a bearish reversal.
Adjust your entry and stop-loss levels based on market volatility and risk tolerance.
Gold Breaks Out of Key Resistance, Signaling Potential Bullish ROverall Trend:
XAUUSD is currently in a bullish trend, as indicated by the recent breakout above the 1975.00 level. The price has been supported by the EMA50, which is acting as a dynamic support level. The next major bullish targets are 2000.00 and 2009.30.
Key Support and Resistance Levels:
Support: 1982-1983
Resistance: 1990, 1995 , 2000
Key Factors Driving the Trend:
• Slowing down of US 10-year treasury yields
• Expectations of a US interest rate cut in May 2024
Technical Indicators:
• EMA50: Acting as a dynamic support level
• RSI: Neutral
• MACD: Bullish crossover
Trading Strategy:
A long position could be entered with a stop-loss below the 1983 support level and a take-profit target at 1990,1995 and 2000. Alternatively, traders could wait for a pullback to the 1975.00 support level before entering a long position.
Overall, the technical analysis suggests that XAUUSD is likely to continue its bullish trend in the near term. However, traders should be aware of the potential risks and manage their positions accordingly.
Axis Bank: Uptrend continues, swing traders can buy
Axis Bank is currently in an uptrend, and swing traders can look to buy above the recent swing high of 1013.50 for a target of 1033. A stop loss below the recent swing low of 988 is recommended.
Sure, here is a fine-tuned version of your Axis Bank trading idea:
Axis Bank: Uptrend continues, swing traders can buy
Axis Bank is currently in an uptrend, and swing traders can look to buy above the recent swing high of 1013.50 for a target of 1033. A stop loss below the recent swing low of 988 is recommended.
Technical indicators:
RSI: Bullish on the daily chart
MACD: Bullish crossover on the daily chart
Key support and resistance levels:
Support: 1013.50, 999.50, 988
Resistance: 1033, 1047, 1061
Trading strategy:
Buy above 1013.50
Target: 1033
Stop loss: 988
Please note that this is just a trading idea and not a financial recommendation.
I have made the following changes:
I have added a more specific target price, based on the recent swing high.
I have added a stop loss below the recent swing low, to limit risk.
I have added technical indicators to support the trade idea.
I have clarified the trading strategy.
I have added a disclaimer at the end.
I hope this is helpful!
SBI LIFE Short time good Buy with still High PE.📆 Recommendation on NSE:SBILIFE for the week starting 4th September 2023
📊 Current Status:
Closing Price: ₹1327.10 📈
52-Week High: ₹1374.00 🏔️
P/E Ratio: 70.36 📊 (High!)
Sector: Financials - Life Insurance 💼
📈 Technical Analysis:
1️⃣ Parabolic SAR: Recent buy signal as of 1st Sep '23 👍
2️⃣ Fibonacci Levels: Currently at 0.382; eyeing 0.5 and above 🎯
3️⃣ MACD: Showing a positive crossover 📈
4️⃣ Stochastics & RSI: Indicating oversold position, poised for a rebound 📊
5️⃣ %R and Fisher: On the higher end of the spectrum 📈
🎯 Recommendations:
Entry Point: 4th September 2023, if opening on a positive note 📅
For Speculators: Good for short-term percentage gains 📈
Target Price: Undefined yet, aimed for short-term gains 🎯
Stop Loss: Not specified (high-risk profile due to P/E) 🚫
🔎 Rationale:
Despite higher P/E ratios and below-expectation earnings, the technical indicators suggest a favorable short-term trade opportunity. The financial sector is currently hot, making this a key pick.
📣 Disclosure & Disclaimer:
This recommendation is for informational purposes only. Please consult a financial advisor before making investment decisions.
📱 Stay Updated:
Hit subscribe for real-time financial insights and stock recommendations! 🛎️
#SBILifeInsurance #StockPick #InvestSmart #WeeklyRecommendation #Finance #Investing
Infosys On Bullish trend. Reversal from lows strengthened📆 NSE:INFY Recommendation on NSE:INFY for the week starting 4th September 2023
📊 Current Status:
Closing Price: ₹1443.85 📈
52-Week Range: High of ₹1672.60 🏔️
P/E Ratio: 24.27 📊
Position: Mid-range of 52-week high and low 🎯
📈 Technical Analysis:
1️⃣ Parabolic SAR: Recent buy signal 👍
2️⃣ Fibonacci Levels: Trending up past 0.618 📈
3️⃣ MACD: Positive divergence 📈
4️⃣ Stochastics & RSI: Upwards but reaching the upper band (K at 100.00) 📊
5️⃣ %R and Fisher: On the upside (Fisher at 3.38) 📈
🎯 Recommendations:
Entry Point: Anytime on 4th September 2023 around 11:00-11:30 AM, if sentiment is positive 🕚
Target 1: ₹1457.35 🎯
Target 2: ₹1498.15 if Target 1 is sustained 🎯
Stop Loss: ₹1401.9 🚫
🔎 Rationale:
NSE:INFY is a valuable buy for investors with a medium-term horizon. The stock is supported by several bullish technical indicators and is situated at the mid-point of its 52-week range.
📣 Disclosure & Disclaimer:
This recommendation is for informational purposes only and not financial advice. Kindly consult your financial advisor before making any investment decisions.
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Hit that subscribe button to get real-time analysis and stock picks! 🛎️
Expiry day special||Hero & Zero Trade in bank nifty.Banknifty has taken support of D200 EMA on 30 minutes. Price and action indicating a price reversal from here.
If i talk about other indicator like:-
1. MACD:- it has already given a positive crossover.
2. RSI:- it is now trading in between 50-55, which is a bullish indication.
3. VWAP:- it is also below the current price, means vwap also giving positive sign for today.
I think today it can be some disaster for call writer bcz highest open interest showing at 44200 levels followed by 44500. According to price action today market should close above 44400 levels. so first resistance level will be for bank nifty 44200 and if that level got sustain in above before 3pm then i am 100% sure our expiry can be towards 44400-44500 levels. Well now banknifty is trading at 44065 this is the best entry point to go long with given levels on chart. So according to me,, highest chances are for upside only according to the data.
I have some trade:-
1st trade for option writer:-
sale banknifty 1st june 44300 pe right now at 251
keep stop loss for this 375
Target 150/120/75/25/1
and hedge with
buy banknifty 1st june 44000 pe at 55 now.
If banknifty will close above 44300 or near by this level we will get profits. in this case 44300 pe will be 0 or near by 0.
For option buyer:-
For option buyer i will suggest to trade in next week expiry as time decay will eat premium.
so buy 8th june banknifty 44200 ce at 282,
keep stop loss at 150
target can be for upside 375/425/500/600+
If still anyone wants to play hero zero can take
1st june 44200 call option right now trading at 51, if anyone wants to take risk can take here, and accumulate some lots at downlevels around 20-30 if you got.
there will not be stop loss as that is purely hero zero trade.
for the target we can see for this call option 100/175/250/350+
Disclaimer:- This 1st june banknifty 44200 ce (hero and zero trade) will become zero if banknifty will not trade above 44200 till 3:15pm, so trade carefully and trade in less qty. Always follow strict stop loss. Always discuss with your financial advisor or do your own research before taking any trade.
If anyone likes my work please like, and follow jarur karna. Ap log dekh ke chale jate ho bina like kie,,do like and follow and comment if you have any suggestion for this trade.
Thankyou:))
Hindustan Unilever 1D Time Frame Analysis Current trend:
1)current it in bottom of lower high formation forming the triple bottom .....so high possibility for reversal is possible.
2) No pattern confirmation yet.
support: 2527 followed by 2445
Resistance: level to be watch out for 2650
From this level there are two possibility
1) It can took a support from 0.236 level of Fib and again goes back to uptrend trend parallel channel
2) it can move future down to level of o.386 level of fib and can form the double bottom and can reverse from that
Indicator:
1) RSI: compare to jan4 RSI is little bit higher than that
2) MACD: Still in bearish. Currently no signal for bullishness
Hindustan Unilever Ltd Analysis - 1 Hr Time frame analysisTriangle + parallel channel breakout
Daily Time Frame analysis:
RSI:
Currently @ 70 level ,so High Possibility for reverse as per History RSI Data
MACD:
Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over
Hindustan Unilever Ltd -Short Term ViewDaily chart Elliot Wave Pattern: Its clearly wave C can complete @ Distribution Zone
RSI:
Currently @ 70 level ,so High Possibility for reverse as per History RSI Data
MACD:
Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over
BTC Bulish zone short and long term BTC staying closing above 41300 will confirm a bullish zone, This looks like a nice bullish zone I hope you guys Longged in with a Stop loss below 39500.
Also on weekly, I see this as a great signal
🐂RSI: Bullish divergence
🐂MFI: Bullish divergence
🐂FVE: Bullish divergence
******************************
Exchange BTCUSDT 1w Binance
Price:39,683.10|39,678.12|42,158.85
Vol: 669| 259,281| 268,118
ATR: 5,765.8140
✅OBV: 7.1 M| 7.1 M| 7.3 M
⚪RSI: 44.30| 44.30| 47.11
⚪MFI: 47.57| 44.96| 44.72
⚪CCI: -35.14| -16.14| 72.11
❌WR%: -94.63| -80.04| -54.65
❌ADX: 15.53| 15.93| 16.35
❌MOM: Bearish Momentum
❌SMA: Price Below SMA Bearish
❌ADI: -DI > +DI Bearish
❌MACD: Bearish
❌PSAR: Bearish
Support And Resistance
S: $36,244.550
S: $37,699.070
S: $39,678.120
R: $41,262.110
R: $43,071.660
R: $46,407.350
R: $50,053.900
R: $50,775.490
Volatility is moderately low
EXPERIMENTAL 🧪
🐂RSI: Bullish divergence
🐂MFI: Bullish divergence
🐂FVE: Bullish divergence
🐻Volume: Bearish Volume Trend
Whale Algo 🐳
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Looks like IEX is forming HEAD and ShouldersIEX is forming Head and shoulders pattern. It is taking support at 100EMA if it break 230 level according to Head & shoulders pattern and support levels we can expect targets as
Target1: 206
Target2: 190
NOTE:
It broke the trendline of 1sep-20Dec and it is also forming bearish flag and pole pattern
Pole Target :206
MACD: Negative
100EMA:234
200EMA:200
Cipla - LongWeekly TF:
Daily TF:
Dynamic Support and Resistance:
CPR:
MACD:
Stoch RSI:
EMA 200- Trend
ATR:
1hr TF:
Dynamic Support and Resistance:
Trend - EMA 200
Entry: Once Script price reaches EMA50-EMA79 Range - Futher Bullish Signal.
SL : 901 - 1ATR (On Entry TIME)
Target - 989-1004
Time Period: 1Month to 45Days
GUJARAT PIPAVAV PORTS LONGHere is the weekly charts of Gujarat Pipavav Ports. (OPEN CHART FOR DETAILED VIEW)
Firstly, a historical crucial zone (117-112) is again in action. The price today crossed this zone but wasn't able to sustain above this 7 year old zone, and came back to the purple area. Here the volumes are very high, THIS MEANS THAT THE STOCK CAN GIVE A GOOD BREAKOUT.
Secondly, an inverted head and shoulders kind of pattern can be seen on the weekly charts. This is followed by a breakout of the pattern line.
These two major points shows bullishness in stock, but what mat create worry among traders at this point is the non-sustainment of the price above the crucial zone. Hence, this gives us two cases:
Risk averse traders are advised to take entry above 122 (sustainment)
Risk takers may take entry here
LEVELS
Entry: Above 122 for risk averse; CMP for Risk takers
Target 1: 132
Target 2: 156
Target 3: 172
STOP LOSS: 108
TRAIL STOP LOSS
RSI: Shows momentum
Volumes: What else do we need
MACD: Bullish
Risk-Reward Ratio FAVORABLE
I would recommend going long on Gujarat Pipavav Ports (with prescribed levels) for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS...
LIKE AND COMMENT WHAT YOU THINK ABOUT IT...
THANKS!
NETWORK 18 MEDIA LONGHere is the weekly chart of network 18 media. The marked purple zone is historically a very crucial zone (47.85-50). It broke out with great volumes and hit circuit. Also this breakout is the breach of a 7 year old crucial zone plus a resistance trendline coming all the way from Dec'14!! (OPEN THE CHART FOR DETAILED VIEW)
LEVELS:
Entry: As soon as possible (Can't give an exact price as there will be a gap up opening tomorrow, place a limit order and pray it gets executed at the best possible price tomorrow)
Target 1: 59.50
Target 2: 64.50
Target 3: 71.50-72
STOPL LOSS: 46
TRAIL STOP LOSS
RSI: Shows momentum
Volumes: Can't be better
MACD: Bullish
I would recommend going long on Network 18 Media for a swing trade
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!
THANKS!