Sock has bounced back from the support zone and currently hovering near it's previous swing high on daily charts. As per the current formation stock is likely to move up towards it's resistance zone with any weakness holding above 200-195 zone.
In SBI CARDS, 650-700 is a huge demand zone in weekly timeframe. This is the level of value buying for big institutions. SBI CARDS will change it's weekly structure above 800 which can be considered as a safe entry point for conservative investors. For aggressive buying, we need to look for structure change in a shorter timeframe, may be hourly. Targets for mid to...
Bharti Airtel is near its ATH; an attempt has been made to break it but still below the breakout level. This week's closing will decide whether to consider it for a mid-long term swing. Target is calculated according the ABCD pattern of Harmonics.
Bajaj Auto is currently near it's ATH, and is getting ready for another rally in short term. The target is calculated using the ABCD pattern of Harmonics. Current daily candle tried to break ATH level but gave a closing below it. So, candle closing above 8700 will decide whether it will move upside or not. However, this is a perfect example of price action of a...
CDSL has given a strong breakout of it's ATH on monthly basis with a strong bullish candle having great volumes. The ATH level has been retested and now it is getting for another rally.
On monthly basis, price has made a significant correction and is currently at the Fibonacci level of 0.618, which is the "Golden Ratio" for a price. The whole area from 2000 to 2150 is a huge demand zone for the buyers to accumulate in bits. The price will confirm it's change of structure above 2800 on a higher timeframe.
The current monthly chart is showing a perfect price-action for value-investing. The main advantage why we should consider reversal trading as our best-shot strategy is a good risk-to-reward ratio. The XABCD patterns for the current impulse wave helps us to find out the potential long term targets for the scrip.
We can see a strong breakout on monthly basis in " Apollo Hospitals ". The current monthly candle is undergoing a retracement to test the level of breakout. If the breakout is genuine, after retracement, there will be signs of bullish reversal. This indicates that the current trend is about to continue and for that I've used the ABCD pattern of Harmonics to find...
Market Recap Nifty declined 0.02% to close at 22212.70 Bank Nifty declined 0.23% to close at 46811.75 India VIX declined 1.48% to close at 14.97
a small reversal on banknifty chart on friday or monday .. BN can move in down side as yesterday low or more..
Maruti coming in the zone for a high probable short. Short at 7825 SL: 7980 Target : 2R
Technical Analysis for Federal Bank: Stock Name: Federal Bank Chart Pattern: Breakout of channel Trade Duration: Swing trade for 1 month Entry: Buy on current market price (CMP) at ₹164.7 Stop Loss: ₹10 Target: ₹20 Volume: Huge volumes and good closing on Friday
Shaily Engineering Plastics Ltd| Momentum Stock The Company is engaged in the manufacture and sale of injection moulded precision plastic components, sub-assemblies for various requirements of Original Equipment Manufacturers (OEM). Financial= medium Market Cap = ₹ 1,907 Cr. ROCE = 10.5 % ROE = 7.87 % Debt to equity = 0.51 ...
Market Recap Nifty advanced 0.59% to close at 21,743.25 Bank Nifty advanced 1.38% to close at 45,502.40 India VIX declined 1.59% to close at 15.81
On Weekly Basis: S&P 500 (SPY) completed its correction from 4800 to 3490 in its 5 Wave Down. Fibonacci 50% retracement from bottom 2300 to top 4800 ends at 3540, a support level in October, 2022. It took a support at 4115 which is a long-term horizontal support with multiple pivots on weekly charts. It looks like a fresh new Wave has just started from 4115...
Market Recap Nifty declined 0.76% to close at 21616.05 Bank Nifty declined 1.65% to close at 44882.25 India VIX advanced 3.98% to close at 16.06
PETRONET LNG looks promising as it near it's multi-year breakout. Closing above 240 can fire NOTE: I'm not a SEBI REG. Study before investing.
Market Recap Nifty advanced 0.01% to close at 21,930.50 Bank Nifty advanced 0.28% to close at 45,818.50 India VIX declined 1.77% to close at 15.51