NOCIL LTD IS LOOKING GOOD FOR A POSITIONAL TRADE.NOCIL LTD HAD CORRECTED 40% FROM ITS TOP
And it is ready to give a huge run-up of 27%
FUNDAMENTAL REASON
1. China had stopped its supply throughout the world so India is expected to fill those requirements and the company is in the chemical business so there would be a huge demand in the coming future.
2. We could see some huge movement today and this kind of movement is usually made by big institutions so Big institutions might be investing in this company.
3. Because big investors are buying into this company it might show some good results upcoming.
TECHNICAL REASON
1. The stock had recently given a breakout of its 2 important moving averages (50,200).
2. The stock had formed an inverted head and shoulder pattern and it is ready to break the pattern.
3. And if you see the RSI we could see a bullish divergence in the RSI.
4. The stock had taken support from a trend and it has given a big movement.
SO, AFTER THE BREAKOUT OF THE NECKLINE WE SHOULD MAKE SOME POSITION IN THIS COMPANY
Smallcap
Chart analysis with good price action.price is consolidating near counter trendline , so we can expect a potential breakout this week
.I have back tested these types of pattern & got accuracy around 65-70% with RR ratio not less than 1;2
.Entry possible when engulfing candle near counter trendline.
Three targets are mention in chart, gain accordingly
Happy trading
NAHARPOLY | Fibonacci BO | ATH | Triple Bottom BaseNSE:NAHARPOLY
Fibonacci Breakout with ATH Closing
Triple Bottom Base with Volume Contraction Pattern
Strong Support at Fibonacci Levels
Potential : Minimum 50%
Target: 391-437-512-558
Weekly RSI> 55 and rising
Volume Rising
Previous Chart of NaharPoly (Which achieved all targets) is provided in the Link below
Stock Analysis of KNR ConstructionDate - 21-01-2022 Price - 315.05
KNR Construction is near the support zone and as govt. is likely to focus on the infra sector, this stock can be huge beneficial. KNR Construction main business is building roads and highways which going to be the main focus of govt. in the upcoming budget.
Stock can be good buy for budget play.
BEST AGRO LIFE DAILY CHART ON 14.01.2022 CLOSER TO TARGETPOSTED 13.01.2022 BEST AGRO LIFE above 1172 for a target 1182 and on 14.01.2022 stock made a high of 1180 and closing at 1136. The market from JAN 2022 is in the one way run-up and the major resistance for nifty is at 18340/18348 and if the bulls can break and sustain above the resistance then the market will continue to be in the hands of the Bull. So far in this JAN 2022 FII selling has reduced much comparatively to OCT, NOV & DEC 2021. As we are nearing UNION BUDGET FEB 1st 2022 probably selling may not be more unless and untill there will be any major news. wishing you all a profitable trading.
ISGEC HEAVY ENGINEERING DAILY CHART ANALYSIS AS ON 26.12.2021ISGEC HEAVY ENGINEERING as per daily chart analysis after a brief consolidation the stock has broken consolidation and also the resistance 641 level. Stock above 660 level for a target 680 level and resistance is at 709 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
Swing Trading Opportunities for W/B 6-9-21TRADING WATCHLIST FOR W/B 6-9-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.
ON MY WATCHLIST FOR W/B 6-9-21 --
This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week -
WEEKLY TIME FRAME- FOR LONG POSITIONS
ADANI PORTS
BAJAJ AUTO
COAL INDIA
HERO MOTO
KOTAK BANK
ONGC
BANDHAN BANK
IDFC FIRST BANK
BOSCH
ALEMBIC PHARMA
DR REDDY
AUROPHARMA
CHALET
DAAWAT
GLENMARK
HINDPETRO
ICICIGI
KSCL
LIC HOUSING
MRF
OIL
RAYMOND
There are plenty of opportunities out there even after NIFTY hitting 17300+. So, please review your funds position, have a look at the indicator that fits you well and plan for investing / trading per your risk appetite.
SECTORS LOOKING GOOD FOR LONG POSITIONS-
AUTO
BANK NIFTY
COMMODITIES
CPSE
ENERGY
GROWTH
METALS
MIDCAP50
MIDCAPLIQUID
PHARMA
PSE
Ideally, the best candidate would be the one that features in both the lists. I may / may not take these trades as not every opportunity should / can be traded.
I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so.
In case you are able to spot the setup and the trade basis, please do share so that together we can learn.
Thank you for your time and Happy Learning,
Umesh
5-9-21
Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
Small cap in good trend.GSCL cement is going in a very good trend and is expected to give some good returns in short term, target and sl are drawn in the chart, it is also with the support of ema.