Stockmarketanalysis
#EMAMI #StockmarketEMAMI Ltd
Stock on daily and Weekly chart gives 11 months old trend line BO (but volume seems less)
And today retested its resistance levels
Could be a safe bet if buy above 475 levls (which is also 200EMA levels) and further add above 490 levels
for positionally 4-5% further upmove
Keep trailing SL to maximise profits
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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#JUBLFOO #Jubilantfood #Stockmarket Jubilant Foodworks
Stock on daily and hourly TF for a base and also inverted H&S pattern
Good be a good intraday bet to buy above 576/580 levels keep SL of 538
Use 5min chart for immediate Support and resistance and Trail SL accordingly to maximize profit
In case of gap up or gap down avoid setup
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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#Devyani #Stockmarket Devyani International Ltd
On daily chart from its ATH stock corrected over last 6 months
Took support multiple times near 142/145 levels
Currently stock trading at its Resistance levels and also its 6 months old trendline zone
Strong chance Stock will break this level and will touch again its ATH levels
Buy above 168/170 levels for minimum targets of 185/195 levels.
Keep SL of 155 on closing basis.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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#BankOfBaroda #StockmarketBANK OF BARODA
Stock on daily chart form Double bottom pattern and Now at Resistance levels
Safe buy above 106 levels, for very short term targets of 110-115 levels.
If triggers today one can carry this as a BTST as well.
Buy on day closing basis.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
Please Like & Follow
#ORIENTBI #Stockmarket Orient Bell Ltd
Stock On weekly Chart forms Cup & Handle Pattern and give breakout with good volume
Also on daily chart forms bullish H&S pattern.
Now stock will retrace after this BO.
Can be add at 650 levels at trendline support levels.
For positional targets of 870 to long term targets of 970.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
Please Like & Follow
#LTTS #Stockmarket LTTS
On weekly Chart stock seems to complete Harmonic pattern. And also at its support level.
Stock also showing bullish RSI Divergence.
Expected bounce from this area.
Above this Support line stock is bullish and below trendline its stock.
Stock can be add 10-20% at CMP and can be add further above 3100 levels for first targets of 3400-3450
TSL to be followed and partial booking strategy to be followed.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
Please Like & Follow
USDCAD: CUP & HANDLE BREAKOUTThe Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory.
Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.
Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
TRADING STRATEGY: Buy USDCAD on cmp , add on dips , keeping SL of 1.2900 look for the target of 1.3400/1.35300
INVERTED HEAD AND SHOULDER IN BANKNIFTYBnf need to close and sustain above 33750 for Inv H&S to activate
We may see the gap filling in case of activation
27th June Gap up was news based and can be ignored
Idea Invalid below 33150
Market is follows new in recent few sessions and ignoring technical... Idea takes a hit when gap opening take place
SIEMENS: SYMMETRICAL TRIANGLETrading strategy: Buy with SL of 2280 and look for the target of 2700/2900/ and 3050 the measured target .
Theory:
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge , wide at the beginning and narrowing over time.
Trend: In order to qualify as a continuation pattern, an established trend (at least a few months old) should exist. The symmetrical triangle marks a consolidation period before continuing after the breakout.
Four (4) Points: At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the upper line should slope down. The second low (2) should be higher than the first (1) and the lower line should slope up. Ideally, the pattern will form with 6 points (3 on each side) before a breakout occurs.
Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.
Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant . Typically, the time duration is about 3 months.
Breakout Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime.
Breakout Direction: The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case.
Breakout Confirmation: A break should be on a closing basis for it to be considered valid. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume , especially on upside breakouts.
Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
MINDTREE FocusVannakam makakle, this is VIJAY. Enter after breakout or breakdown happened and expecting 400+ points on either side, keep track it(SWING AND FUTURES PURPOSE ONLY) and add your analysis too.
Thank you for following and if you've any doubts,comment below.
Share to your friends makkale.
KAJARIA CERAMICS: A DOUBLE THREEFrom the highs of 1375 stock is declining making lower lows lower highs which suggests that stock is undergoing into a short term corrective downtrend. From ElliottWave perspective stock is forming a double three correction (WXY) of which wave-X is already concluded at 1093 and right now stock is unfolding its wave-Y which shall bring the prices towards 700-650 zone in the coming months.
TATA STEEL: Inverse H&SInverse Head and Shoulders
This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy near 870 zone with SL of 830 and look for the target of 960-985 zone.
KOTAK BANK Not a trading call but all banks at very crucial levels.
Kotak bank at very strong demand zone need to watch out how will this work this time.
Near resistance at 1700 if it starts trading above 1700 will be a good sign.
If goes down below 1640 possibility to go down further. Next support level 1500.
HDFC BANK already showed weak signal Near resistance 1350.
Support at 1300-1320 if slides down 1240 -1100 will be next support zone.
Other banks also showing some weakness Bank of baroda/ bandhan bank etc.
Bank-nifty near-term resistance near 33500 and support at 32300.
If breaks can slide down to 30000-29000.
This is a view for positional or buying opportunities.
Have patience and watch carefully.
Not a recommendation. (Bounce back can be temporary need some solid triggers to pull market up again)
@Tredingview @forextidings @Shorting @vivek_mashrani @Equities @posiotonal #positional #invest
AARTI INDUSTRIES VIEWVanakkam Makkale, long time no see😂😂. Yep but market is still volatile only, anyway we got Aarti Industries for swing or short term but with proper stoploss. As i always say whatever we do must follow risk reward and money management.
Thank your following and if u have any doubts, do comment below😊❤