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ADANIPORTSADANIPORTS:- around 2 years consolidation period. We can expect a bullish move wait for Darvas box breakout Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning
NSE:ADANIPORTSLong
by AjayDhakad_Keep_it_simple
Persistent Systems in an accumulation phase or will it dip againPersistent Systems have been trading in a broad range for the last few months. It has tested the bottom range thrice and now the prices are hovering near the upper range where we can also spot an accumulation and a confluence of the upper range and another resistance trendline. As for the bearish section, there is a confluence of 200 EMA and the support trendline, but as for the performance of the sector, my personal belief is that the stock might show us a good rally anytime now. Trade with due diligence.
NSE:PERSISTENT
by Apex_Trading69
Fresh Breakout in Grasim Good Opportunity for BuyingNSE:GRASIM As whole market took a good correction , Grasim took a correction of 16% from its ATH. it took a trending resistance while coming down and Broke it recently as well as gave breakout to the consolidation of past few Days and seems very bullish and shoes a great opportunity for buying. Addition to this CNXINFRA(NIFTY INFRA) has also gave a sectoral breakout . as Grasim being its good member money inflow would start in it as well. We can consider an entry on retracement or above the high of previous candle for the given targets in the chart. HAPPY INVESTING!!! NOTE - THIS TRADE IDEA IS ONLY FOR EDUCATIONAL PURPOSE WE ARE/WOULD NOT BE RESPONSILE FOR ANY PROFIT OR LOSS
NSE:GRASIMLong
by Arshad_Khatib
2
REVERSAL TRADE NBCC✔#nbcc cmp 48.7 expecting a good upmovement in the stock. keep sl below 46 Why was it selected❓ 🔹Company has reduced debt. 🔹Technically looks good. 🔹expecting reversal. 🔹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 Consultancy, Real Estate and Engineering Procurement & Construction. Thank You.💚 Like🔹Comment🔹Support
NSE:NBCCLong
by ANKITHSHAJU
An analysis on NSE sectors' relative strength to broader market 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 sector is going down. It just means that if you choose to invest in the top 500 companies vs sectoral index, what would give you a better return. If nifty decides to go down it will pull the whole market down, sectors in uptrend have a better chance of survival, that's all. There can be individual stocks (that may or may not contribute to sectoral index) which will do better than overall market. Good thing is you can apply similar analysis to individual stocks and compare them against their sectors and broader market to achieve superior returns (relative to market). Whenever I am using terms like bullish/bearish/momentum etc., the context is always relative to CNX500 I am looking at the charts at a weekly level here, however the same analysis can be used at a daily level to ascertain sector strength in short term. (Short Term - a few weeks/months Mid term - 6-18 months Long term - 2 years+) I do not think any TF smaller than daily would make sense here, *but my relative strength to tradingview awesome trader index is pretty low*, so please feel free to correct me if I am wrong. Your feedback and critique (about my analysis not my appearance) will always be received positively as it helps me grow and learn from those who are better than me. Now let us get on with the analysis - 1. BANKNIFTY - A favorite of many people for intraday, short term movements. See the chart below - It seems to be making a flag and pole kind of structure here but current strength trend is downwards so I am looking for opportunities elsewhere in short term. However, this can turn into a boomer soon, so keep an eye on the structure here. 2. CNXAUTO - Auto was not doing well before the pandemic. However, it seems like strength is coming back in the sector. See the chart below - It is making a structure of HH-HL and is currently touching the support trendline. That means in the short to mid term we may find good opportunities here. 3. CNXENERGY - Energy index is making LH-LL structure relative to CNX500 but there is divergence in the RSI. See the chart below - As it is touching the support trendline it may bounce and touch the channel line in short term. Some good opportunities can be found there. 4. CNXFMCG - This sector has the potential to give superior returns relative to the market in short to mid term. It was trending lower but has recently seem to have found a bottom and is not ready to trend up again. See the chart below - There is bullish divergence in RSI as well. Stocks from this sector have started to pick up this week. 5. CNXINFRA - This sector also looks to be on the verge of a relative breakout. As can be seen in the chart below there is a consolidation triangle pattern forming currently. Keep an eye on this chart on a daily/weekly TF 6. CNXIT - IT is all time favorite in the stock market. The relative strength trend was in a consolidation pattern and looks to be on the verge of breakout from the upper resistance now. RSI was in divergence before but that ship seems to have sailed. There can be good opportunities found here in the short term at least. 7. CNXMEDIA - Seems to be in perpetual down move since last 2-3 years. RSI seems to be in divergence so a structural change is possible. Nothing interesting here for now. 8. CNXMETAL - Metal has been making headlines during past weeks. See in the chart below that it is forming a beautiful cup and handle kind of pattern relative to CNX500. It looks like it was rejected by resistance during last week but that may change. So keep an eye on the structure if it goes above that resistance trendline than even better days are coming for metal. 9. CNXMNC - MNC index is trading in a broadening pattern relative to CNX500 and just seems to have bounced off the support trendine. To me it indicates increasing momentum in the stocks from this sector in the short to mid term. See chart below - 10. CNXPHARMA - Pharma is a defensive sector. Money is moved in the defensive sectors when overall market is likely to go down or experience heavy volatility. Usually an increasing momentum in pharma stocks would indicate money moving to safer options. Right now it is forming a consolidation triangle pattern. Keep an eye out for any moves on the chart below - 11. CNXPSE - PSE stocks look hot. After a major downward trend there is finally HH-HL structure forming. I expect good bullish moves on these stocks in the short to mid term. See the chart - 12. CNXPSUBANK - PSU bank long term trend is downward however in the short term there can be a move upwards. I, in general, do not like to invest in Public sector banking stocks but there can be good potential in the short term. Just we wary of the overall trend and keep an eye on the chart below - 13. CNXREALTY - Like PSU, Realty has also been making LL-LH structure however the angle of descent seems to have flattened slightly. That's first indication of trend shift. Also there is RSI divergence in recent lows. The trend also seems to be on a verge of breakout from the channel. See chart below - 14. CNXSERVICE - The service sector has done well against nifty during last 2 decades. One can look out for good long term opportunities during market down months and hold such stocks for long term. These kind of stocks in the portfolio can maintain a health even everything seems to be catching fire around you. See the chart- ... ... ... ... Please like and follow this idea if it was a valuable read for you. Thank you
NSE:NIFTYLong
by Munchkunster
2
BHEL - broke and sustaining important weekly level of 57.15BHEL - 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 for this stock, going forward. All numbers are *weekly*based Company is engaged in custom equipment manufacturing. Co has lost lots of contacts in past hence same is trading at very cheap discount. PB - 0.82x Debt - 0.18x Since Co is struggling in their top line there bottom line has also struggled. This is pure technical call. If stock managed to cross the mentioned level then a lot of upside is possible. Volume Accumulation is seen in last 9-10 months. Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
NSE:BHELLong
by SagirKazi
Andhra Sugars – Retest of Monthly level Breakout 386.55 on DailyEntry – 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 targets. Co is engaged in the manufacture and sale of sugar and caustic soda. Power Generation, Industrial Chemicals etc Dividend Yield: 4.7% Promotor holds 47.3% - Average 126 debt company (Debt continuously reducing and pending Debt can easily be paid back with 9-10 months profit) Profit continuously growing with good cash flow statement Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
NSE:ANDHRSUGARLong
by SagirKazi
2
ONGC – TrendLine Beakout on Monthly Chart ENTRY: CMP (126.5) breakout was 121.2 Target1: 168 Target2: 234.4 Target1: 293.25 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 acted as resistance which didn’t happened hence script is showing good strength. Heavy Volume also seen last few month, signaling accumulation phase over or almost about to end in this script. Fundamentally Co has good record of making consistence Profits for its share holders. Cash Flow Statement has been consistently growing hence Co is able to give good Dividend over years. Dividend yield is around 4%. Debt to Equity 0.5 times (favourable) Book Value 167 vs CMP 125 (Available at discount) Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position. Please like Share and Comment if you like our work.
NSE:ONGCLong
by SagirKazi
PNB – Accumulation Phase with Volume wait for breakout.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 seen in this script around 33 to 39 levels. However selling Pressure seen around 42.55 Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
NSE:PNB
by SagirKazi
8