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DLF share price learning and my view for the 09th day of April, 2024.
You can share your views on the DLF share chart.
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Nitin Grover
Hello
I hope all of you are doing well!!
Bank Nifty analysis for educational and learning purposes.
Pl. share your point of view.
Keep Learning with NG.
Thank You
Nitin Grover
Stock has already concluded a running triangle structure at OCt'23 low of 2220 and is rising in an impulsive manner. The measured target for the same is coming in the region of 3400.
Hence, stock is likely to continue it's uptrend towards 3400 with any weakness holding above the support zone of 2500-2450 in the coming months.
The current structure suggests that prices have formed an Ending Diagonal structure. Price are likely to fall towards 1000 and 975 zone with any rise holding below 1125.
1. Wave 4 as per EW Theory seems to be in progress. The price actions seems ready to breakout for Wave 5 and a potential 35% upmove. Wave 4 has retraced almost 38% and rise in Volume in last few week shows that wave 5 is just about to begin.
2. Breakout from the rectangular box above 170 can potential take the price to 225-235 range i.e. ~ 35% up from...
Stock has given a breakout of a Cup & Handle pattern. with neckline identified at the level of 194. The measured target for the patter is 208-210 zone.
A short SL based trade on Deepak nitrite is being seen. SL and Target is marked on the chart. Please do your own research before trading or invested. I am not a SEBI Reg. Analyst.
Index has formed a terminal structure which is known as Ending diagonal. This suggests that index is likely to fall towards 16400-16000 zone in the coming weeks and months ahead.
21830 remains a stiff resistance for NIFTY.
After a good bull run, I expect a decent correction in our markets.
The euphoria attached to Ayodhya and the Budget is over now, and the Market has to face the next uncertainty in the form of Elections in a few months.
As per Elliot wave analysis, Nifty is likely to fall by 1400 points over the next ten days. (I'm...
Long NTPC above 319 for the next move of Rs 350-360 with SL of 297. The stock is in strong bullish mode & a high probability that the stock will break out of the strong resistance area. Accumulation near the resistance area is a high probability. sup [port of 50 EMA is another bullish sign along with RSI level above 60 on the weekly & monthly chart. This is for...
Entire tyre manufacturing companies are in good position.
This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool.
Disclaimer: Stock shared is for...
Stock has already concluded it's running triangle structure at Oct'23 low of 543 and currently rising in an impulsive manner after the breakout. The measured target for this structure is coming in the region of 790-800 zone.
Hence, stock is likely to hold above INR 600 on any weakness and extend it's gains towards INR 790-800 in the coming weeks.
A sustained...
The Stock is giving a big breakout of all time high levels of 5813 on daily and weekly chart after almost 2 years. If today the stock managed to close above 5813 the breakout will be said a successful breakout and possible level of targets would be:
1st target - 7000, 2nd target - 9171, 3rd target - 11329.
This stock shared is for educational purpose and does...
Huge breakout after 6-years can be seen in weekly charts of Godrej Industries. Volumes near breakout is also high which is a good part. The stock is ready to move in blue sky zone where there is no prior resistances.
Disclaimer: Chart shared for educational purpose.
Long PVRINOX above @1699 for the next target of 1775 -1800 with SL of 1645.
Below are points showing strength in the stock..
1) On the daily chart BO of 50 EMA levels.
2) Consolidation Break out between 1650 to 1670
3) On daily chart 40 level RSI Support.
4) on the hourly chart RSI above 60 shows bullish in the stock.
5) A pin bar candle is also seen on the...
From Mar'23 bottom of 2730 stock has rallied and made a high of 3934 in Aug'23. Post that stock has undergone into a correction which already concluded at Nov'23 bottom of 3295. From there stock has rallied again and broken it's previous swing high made in Aug'23. The recent price action suggests that stock has formed a Continuation H&S and given a breakout on...
Shradha Infraprojects (Nagpur) Ltd can give a breakout above the 62.35 level. The stock needs to close above the 62.35 level on a weekly basis. The stock has a possible upside of 67,76, and 102 in the long run. Also, good volume can be seen. One can place a stop loss of 52.50 (W) closing basis. #SHRADHA.
Disclaimer: I am not a SEBI registered analyst. All the...
