Auto sector is super bullish in the last few days. Now, we have a slightly late entrant in the sector with a cup and handle breakout.
Today's candle is a big breakout candle and signals a good entry. With the stop loss below the today's candle i.e. 109 points below for a target of 1:2 of 215 points.
Kindly note that this is not a recommendation and only for...
Zeta sector scanner scans the stocks sector data in real time and provides which sector is doing well at this time.
Right now 9:53 am BLUE DOTS are showing real estate sector is doing good at this hour. Just chek yourself and use this tool.
Hero looks very attractive at these levels. Fundamentally sound company giving us a good price action to go long on this stock.
This a set up I will prefer. Why? Because even if this goes wrong I won't feel bad. A very small SL of 63 points (2700 or 2713).
Another indicator confirmation - Bullish divergence on a Daily timeframe. This is a weekly chart.
expecting a good upmovement in the stock.
keep sl below 46
Why was it selected❓
🔹Company has reduced debt.
🔹Technically looks good.
🔹dont know about funda.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
NBCC (India) is a operates into three major segments namely Project Management...
As NIFTY is choosing to make new highs this week, I look at different sector performances and their strength against the broader market.
Through sector analysis and relative strength comparison we can find sector booms before they happen.
Also note, the comparisons made below are all relative to CNX500 index, so it doesn't mean that if trend is downwards the...
Currently RSI <70
IT stocks outperforming market
MACD signal line crossing MACD from below.
Hinting that still strength is left in IT stocks.
Stocks to look out for :
Price accumulating below a multiyear low.
currently respicting weekly and daily demand zones. My entry zone is a bit suspicious as looking on the lower Timeframe 4H, there appears to be a gap up and then a tap into the concerned zone.
So in essence it wouldnt be the first time price has tapped that. But eh, optimism.
entry would be 6.3 to 6.4 ish.
Looking at the sectoral charts on the monthly timeframe highlighted to me how NSE:CNXREALTY was one of the only sectors that hadn't broken out yet or weren't hanging in the air.
Sure, it's still testing the highs, but I felt I'd look at a few major Realty stocks just to see how they're placed on the M charts.
Snapshots of the charts can be found in the...
ENTRY: CMP (126.5) breakout was 121.2
Stop Loss : 118.8 (Weekly Close). Deep SL 104.15
Will Update Trailing Stop loss whenever required.
Duration : 4-5 Years
Stock has broken Monthly Trend line which started from Sep 2014.
Also last week close was above 121.2 which was Previous Support on Monthly chart same should have...
Entry – above 42.55 only (else Stock is in Sideways Trend)
Stop loss – 33 (Trailing Stop 39.5 after Price gives a run up)
Target 1 – 59.7
Target 2 – 85.4
Duration – 1-2years
Fundamentally, No one knows how to value Public sector Banking Stock. And PNB had a Bad history with Nirav Modi Case. So No one knows Quality of Loan book.
Technically, Good Accumulation is...
Looks like Auto Sector set to go up
Charts suggest a good breakout of the trend
RSI trending up and >55levels
RS is also trending up, though its still negative
Wait for couple of days Auto Sector looks good
BHEL - broke and sustaining important weekly level of 57.15, Good volume also seen on daily chart
Entry – CMP or around 60 (if Pull back happens)
Stop loss – 50.35 (Trailing Stop 58.7 after Price gives a run up)
Target 1 - 103.45
Target 2 - 195.7
Duration - 2-4years
Small resistance around 59.6 (Crossed and Sustained)
Strict Trailing Stop loss will be required...
Entry – CMP
Target 1 – 629.35
Target 2 – 908.5
Stop Loss - 344
Duration – 2-3 year
All numbers are weekly based
On Daily Chart Stock is now retesting its breakout level. If Stock sustains breakout level of 386 then it’s expected achieve higher levels.
Slight Volume build-up also seen from last 2 months. This need to improve going forward to achieve higher...