Yuken India is settingup base for another leg of run.
1. First big base then RSI breakout
2. Small base with again RSI breakout
3. Tight consolidation for long period with narrow range then again RSI is ready for breakout
Target 1- 2450
Target 2- 3100
Disclaimer: No BUY/SELL Recommendations just for education purpose
Small Cap Index has taken support over trendline.
After making rejecting candle from support, price action shows reversal as well.
Any breakout from next resistance is good and ready for next rally..
RRR setup - Retest Reverse Rise
Long KNR constructions
CMP 265
Triangle breakout with good volume.
It can be fake breakout
So,
Buy Above 277
Stoploss 226
Swing Trade
Target 1 299
Target 2 310
Long Term
Target 1 317
Target 2 339
If this index is observed, price has taken support of 23.6% Fib level of pullbacks twice after significant rise since 2020.
Currently price is near the 261.8% Fib Level (15259.65) drawn between Jan 17 '22 top to Jun 20 '22 bottom
So far price couldn't break that resistance. Feb 5th and Apr 8 in weekly chart. Last 4 days in daily chart also isn't convincing....
After the recent fall in Mid Cap and Small Cap stocks across all counters in the Indian Stock Market, we're now anticipating a good reversal in the Mid-Small index as well as stock for the new financial year.
Thus, here's Quess Corp for April Month.
CMP- 527
Target- 600, 650 and 678 (Short, Mid and Long respectively)
Stoploss- 453 (Trailing)
Duration- Short term...
Small cap Index is facing heavy Sell offs.
Expecting the price to show a small pullback and continue moving down.
It might test the FVG (14278 - 14495) before making further LL's.
This week sell off was triggered by SEBI chairman's statement about a bubble in small caps and midcap . In this video , i discuss about the possible outlook for small caps and midcaps and should you stay invested ?
Cheers
Nifty Analysis - Stance Bearish⬇️
Recap from yesterday: “One thing is sure, the sudden price moves we are seeing right now are quite indicative of a massive shift in fundamentals. Technical Analysis cannot detect the directional impact this early, but it would be prudent to keep an eye out for any possible clues.”
4mts chart
We got some action today on Nifty...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “They need to take out the 22051 and 21913 support levels, which is only possible if we have a macro level bad news. Banks are the only sector that could give away such an opportunity. Already the FIIs are not so happy with the future prospects of the financial sector in India. A small trigger could set the...
Bayers Cropsciences hasn't touched its top since 2020. Now, after a long time and the pattern formation of a downward channel, you can also make it a flag and pole pattern that can be visible. The stock has given a breakout and corrected last month near the trendline above. So, it is clearly showing a solid commencement of a new uptrend.
An Rounding Bottom Chart Pattern Breakout happened on the weekly Time frame of NSE:KPRMILL
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned on the charts.
Stop loss will be...
