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Balrampur Chini Is Poised For A Huge Move-Stock broke out of a downward channel and then consolidated for a few weeks with volumes drying up. -Stock broke out yesterday after consolidation, confirming a double bottom and an inverted head & shoulder pattern. -Stock also broke above a long-term resistance line that has been tested multiple times over the years. -Breakout was on high volume. -Stock sustaining above 50 DMA which has acted as resistance in the past. -Huge bullish divergence on RSI. -Bullish divergence on Stochastic. -Huge Bullish divergence on MACD along with MACD line crossing over 0. -Bullish divergence on weekly MACD, RSI, and Stochastic as well. Not n investment advice. Do your own due diligence. Disclosure: Invested.
NSE:BALRAMCHINLong
by Market_beat3r
APOLLOHOSP | Swing | Breakout APOLLO HOSPITAL – Elliott Wave Structure + Breakout Opportunity Ahead Apollo Hospitals is showing a textbook Elliott Wave formation, and we might just be at the beginning of a fresh impulsive rally. If you’re a swing trader or positional investor, this setup is worth keeping a close eye on. ⸻ 🧩 Elliott Wave Count Analysis • The stock is in a larger degree 5-wave move (marked in green). Within that 1-4 completed and wave 5 in progress. • Within that, we can also see a new 5-wave impulsive structure developing (in blue), and it seems like we just completed Wave (2) of this new leg. • This means — Wave (3) could be starting now, which is usually the strongest and fastest wave. ⸻ 📈 Trade Setup • Entry Zone: Around ₹7,165–₹7,215 • Stoploss: ₹6,677 (just below recent swing low and invalidation of the current wave count, Around 7-8% ) • Target 1: ₹7,925 (around 10%+ ) • Target 2: ₹8,710 (around 25%) • Extended Target (Wave 3 Fibonacci Extension): ₹9,167 The targets are based on Fibonacci extension levels from Wave (1) to Wave (2), which typically project the length of Wave (3). ⸻ 🔍 Supporting Technicals ✅ Trendline Support • Price has been respecting a long-term rising trendline since early 2022 — a strong sign of continued bullish momentum. ✅ RSI & Stochastics Turning Up • RSI is rising but not overbought — suggesting more room for upside. • Stochastic oscillator is also showing a bullish crossover, confirming early momentum for the next wave up. ⸻ ⚠️ Risk Management Note If price drops below ₹6,677 and breaks the trendline, that would invalidate this Elliott wave count. It’s wise to exit or reduce exposure in that case. This is key to avoid being caught in a deeper corrective phase. ⸻ 📝 Summary: Apollo Hospitals appears to be starting a fresh Wave (3) after completing a healthy correction. With a clean Elliott Wave structure, trendline support, and supportive indicators, the setup looks strong. Risk is clearly defined and the reward potential is high — a good case for a swing position. ⸻ 💬 Are you tracking this Wave 3 setup too? Let’s hear your thoughts in the comments below! Disclaimer: This analysis is shared for educational and informational purposes only. It is not investment advice or a recommendation. Please consult a SEBI-registered financial advisor before making any investment decisions. The author is not responsible for any losses arising from trading or investing based on this analysis.
NSE:APOLLOHOSPLong
by IMStockwala
The Midcap Carnage is Over. -The Midcap sector showed great realitive strength yesterday when the Nifty was down and Midcaps were up. This happened after a long time. Weekly chart -Sector breaking out of a falling wedge pattern on the weekly chart. -Found support at 50% Fib retracement. -Bullish divergence on stochastic. -Converging MACD lines. Daily chart -Bullish divergence on RSI. -Triple bullish divergence on Stochastic. -Quadruple bullish divergence on MACD. -MACD line crossing over 0. Not an investment advice, do your own dude diligence.
NSE:CNXMIDCAPLong
by Market_beat3r
1
Wipro building the buy momentum📈 Weekly Stock Picks: NSE:WIPRO - Week Starting 4th September, 2023 📈 💡 Rationale for Selection: 📊 Technical Analysis: Parabolic SAR: Currently showing a sell signal, but the stock has rebounded. 📉➡️📈 Fibonacci Levels: Bounced back from near the 0.618 levels and surpassed the 0.5 levels. Indicates a trend reversal. 🔄 MACD: Expected bottom-up crossover; MACD line (1.3) expected to cross Signal line (2.32) confirming a bullish bias. 📈 Stochastics & RSI: K=23.18, D=9.03, showing the stock has reached oversold territory and is in a position to bounce back. 📈 Percentage R and Fisher 9: Indicate an uptrend is likely in the next 1-2 trading sessions. 📈 📰 Market Indicators: A surge in IT stocks recently. 📈 Mutual funds are showing increasing interest in IT stocks, expecting a boom. 🤝 🎯 Trade Parameters: 🟢 Entry Price: ₹416.25 (0.382 Fibonacci Levels) 🎯 Target Price: ₹422.20 🔴 Stop Loss: ₹41.75 #WiproLimited #StockPick #TechnicalAnalysis #Fibonacci #MACD #Stochastics #RSI #MutualFunds #ITBoom #WeeklyStockPicks #InvestWisely 📋 Disclaimers and Disclosures: Risk: Investing in stocks is subject to market risk. Please consult your financial advisor before making any investment decisions. The information provided is only for the education purpose and should not be considered as an investment advice or as stock recommendation. You are requested to take due diligence on your own accord and consult financial advisor, research analyst or a broker before acting on any information on it. We do not confirm any validity or correctness of the information and might change our viewpoint on the stock anytime, as per our discretion and research. Disclosure: This analysis is purely based on technical indicators and market trends as of 1st September 2023. Past performance is not indicative of future results. Conflicts of Interest: We may or may not have any vested interest in Wipro Limited as of the date of this report.
NSE:WIPROLong
by finogent
3
Wipro Research24-07-2022 Stochastics are at low shows to go high and touch 473.85 till mid-October according to the Fibonacci tool Analysis Wipro Released its Q1FY2022 results where it grew its revenue but issuing dividends to the shareholders made an unusual expense to the company. CFO Jatin thinks, issuing dividends is the reason behind its increased expenses and fall in NET Profit and Stock Price. Profit of the company fall 21% YoY Wipro is just spending on its marketing strategies for the upcoming Quarter and their Financial expenses were more than the last FY same Quarter end! Theirry Delaport states their clients' word while supporting Wipro's increased expenses- Technology is not a cost it's an investment, it's a way to transform to improve productivity. According to my Analysis and understanding, I think there is something big to hit at the upper level for Wipro from this point as it's below its intrinsic value and we see the economy recovering from the inflation so I believe this point would be the lowest for Wipro and it will show a very peculiar growth in Q2 as its already at the bottom of its potential in the stock market after looking at its Stochastics NSE:WIPRO
NSE:WIPRO
by SarthakPatwari
2
BANKNIFTY [30th December 2020]** PLEASE NOTE THAT ALL LEVELS MENTIONED ARE SPOT ** Good evening! The market rallied on, as speculated in yesterday’s post, but stopped short at a minor hurdle @ 31375. USDINR took support at a Fibonacci level around 73.50 and Stochastics seems to be ready to go up, while BN’s Stochastics remains at an overbought zone. A quick test of 31000 cannot be ruled out. In case of a GAP-UP , one can go long if the index sustains above 31375 for targets of 31500-31600-31800. If it fails to sustain above 31375, one can look to short for levels mentioned below. In case of a GAP-DOWN , one can short if the index breaches 31300 for targets of 31200-31000-30950. The trend support line lies around 31200 which should act as a good support. If it manages to take support there, one can look to go long for targets of 31350-31500-31650. -- “It is not the strongest of the species that survives, nor the most intelligent, but the most adaptable to change.” – Charles Darwin
NSE:BANKNIFTY
by scalp3r240
BANKNIFTY [13th October 2020]The divergence in Stochastics highs recently led to the swift fall in the index, but has also led the Stochastics to an oversold zone. Hard to say which way it’ll go but I am expecting a rangebound movement with a positive bias for a day or two. However, the view will be negated if the index breaches and stays below 23500 (also 1 week’s MA). LONG , if the index sustains above 23850 for targets of 24060-24200-24500 . Ideally one should go long if the index sustains in the range of 23500-23700. SHORT , if the index breaches and stays below 23500 for targets of 23200-23000-22800 . Ideally one should short around 23800 if weakness is evident around that level.
NSE:BANKNIFTY
by scalp3r240
4
BANKNIFTY [12th August 2020]The index closed comfortably above its 50% retracement level of 22120 but below 22250 (initial resistance in the first hour today). Although the index has been scaling new heights, its visible that the up-move is becoming a struggle. 22400, a crucial level, should be the next deciding point. However, there are more reasons for the index to correct a little from these levels than continuing the one-way ride. Some of them are as follows - 1. The index has retraced more than 50% of its recent fall, purely, by tracking global indices. The recent monetary policy did give the index a push but aggression was missing. 2. 22400 not only serves as 61.8% retracement of recent fall but also 38.2% retracement of its fall from all time-high. The level has witnessed strong distribution on several occasions in the past. It is also, coincidentally, the upper end of the rising trend channel. 3. Stochastics on the hourly chart is at the overbought zone and is also showing a divergence from its previous high in contrast to the candlesticks. On the upside, even with a gap up, 22400 will act as a pivot point. Ideally one can short between 22400-22500. The stochastics-divergence-led-correction hypothesis will be negated if the index takes support and closes above 22500. On the downside, if there is a gap down, 22250-22200 would be good levels to go short for 22120-22050-22900. However, the options OI data suggests that the expiry would probably be above 22000. Expecting the expiry range to between 22000-22500.
NSE:BANKNIFTYShort
by scalp3r240
BANKNIFTY [13th July 2020]The market observed a relentless rally towards 23100 in the past week despite negative news all around. However, a massive supply zone was observed at around 23000 levels, this being the second supply zone after 22400. Momentum is dying out slowly and Stochastics has more ground to go before bottoming out. There are still ample chances of the market resuming its journey upwards after certain levels as discussed below. On the upside, any weakness seen at 22500-22650-23000 levels should be used as a shorting opportunity for levels of 22400-21650-20800 (please keep your targets using these levels as an approximation). However, a divergence between the lows of Price and Stochastics gives the market a good opportunity to spike up with volume in the first half itself. In case the market manages to breach and sustain beyond 23000, the index will resume its upmove to 23500 and ultimately 24350 (50% fib retracecment from the low of March to all time high).
NSE:BANKNIFTYShort
by scalp3r240
Smart money buying in YES BANK.YES Bank Breakout Alert YES Bank has recently shown a strong breakout supported by high trading volume, following news that Japan's Sumitomo Mitsui Banking Corporation has received RBI approval to acquire a 51% stake in the bank. From a technical standpoint, the chart structure indicates a bullish trend on higher time frames. If this breakout holds as genuine, the stock has the potential to test ₹22.50 and ₹28 levels in the near term — representing an upside of approximately 40% from current levels.
NSE:YESBANKLong
by tradetechnicalanalyst
3
Chola Finance Can you sell it ? 🤔Hey, do you like profit then your search is ending now Today we are having NSE: CHOLAFIN We have already seen that the chart is showing us weakness in the past few days but the scallops patterns have occurred and now you could see a downside What we have found by analyzing the chart 1. A Scallops pattern has occurred 2. The Chart Breaked a series of dojis and could be for selled for this week 3. It has left the 50 - day moving average a way too far 4. Time frame :- 1 Day 5. Like the Post and Follow us on Trading view Comment Below If You want to ask me questions on this on any other idea Have a Nice Day to you all Made By MAYANKTECHRESEARCHING 🙏 We are not responsible for any profit or loss Based on Your Own Risk this is only to show you what's going on
NSE:CHOLAFINShort
by UKnowN_ThE
2
SGX Nifty 22/02/21 at 20.48 istSGX NIFTY on 4 hour chart SGX NIFTY is oversold zone on RSI and Stochastics. It has also tested the earlier breakout point of 14663. Today market lows violated tomorrow then downslide continues. Earlier we had shown the retracement of the rise from 13588 to 15443. SGX does have the gaps. But the big jump reversal seen earlier from 14065 could be tested if sustains below low of 22/02/21 market on 23/02/21. Pull back if any can climb back to 15034-15247. The same can be supply zone till new peak is not made.
NSEIX:NIFTY1!
by hitendravasudeo
BANKNIFTY next week [01/02-05/02]The index pulled back in the last couple of sessions but its 2 wk EMA stands around 31250 with a major resistance @ 30800 and a minor one around 31100. Even if the index does manage to breach this major hurdle around 31000, it will need to shoot up beyond 31800 in successive sessions for it to be able to resume the bull rally, and a weakness before that will bring about a divergence in Stochastics. There are ample chances of the index showing weakness around 31150 for another leg of sell-off for levels marked on the chart. 30800 will act as a deciding level on the upside . If the index manages to sustain above it, it will most definitely shoot up by a 1000 points. On the downside, a breach of 30300 should be sufficient signal for a short trade for a target of 29500 at least. DISCLAIMER: The author is a SEBI certified Research Analyst and may or may not have a position in the scrip being analyzed. Nevertheless, all analyses are projected with a completely unbiased mind. The analyses should be used as a second opinion, at best, to one’s own analysis and/or in consultation with his/her financial advisor.
NSE:BANKNIFTYShort
by scalp3r240