Stockmarketanalysis
ADANI ENTERPRISES: ZIGZAG CORRECTION Stock has given a fall in 5 waves and bounced in a three wave sequence. After the bounce rejected well & broken the support in today's session. This indicates stock is ready to fall further on the downside . One should go short with SL of 1740 & look for the target of 1600/1580-60
Possible scenario for Network18Current trend channel Network18 is moving in.
My views on Network18 are bullish but with the current market scenario, a bull run can turn bearish pretty quickly. So if at all you want to trade in this script, go small initially and then choose to go big if you see potential for a good move. Also, you best bet would be to buy at support.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
HEROMOTOCORP: Correction aheadAfter rising in an impulsive manner & a thrust after a triangle suggests that stock has completed its impulse move of wave 1. Post this stock is likely to give three wave correction of which we have already seen wave A & B. One should go short on the stock keeping SL of 2817 & look for the target of 2625/2580 in the coming session.
Tata motors analysis Tata motor has been bullish for a long but now it has been consolidating in zone since November 2021
Fundamentals of tata motor currently is not so good and that’s because of its earning
If anyhow we see fundamentals impacting the price then following marked levels can come in action as demand zone
ACC: Preparing for another impulseFrom the level of 2087 stock has broken the previous resistance in an impulsive manner & given a deep correction . After that there was an impulsive rise followed by another corrective fall. The current price action is showing the sign of completion of correction. One should go long on current levels with SL of 2190 & look for the target of 2350/2400/2450/2500
Bank Nifty Weekly Support and Resistance Gann and Astro Levels As per Astro Pressure Dates we can see impulsive moves in bank nifty on 7th or 10th Feb
Levels on chart for an idea .
Let's See
Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl
Only for learning purpose
This is not an advisory call. I will Not be responsible for any kind of profit or loss
Do your own study & consult your FA before Investing ,
As Investing in Stock Market may injurious to wealth.
Wish you a Happy Trading
Ease Your Trip!I just came across a post that connects the 'Closing of a Green candle' with the 'Opening of a Red candle' stating a Breakout. This is completely and utterly wrong in terms of analysis!
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Go easy on the 'Buy' button because there are multiple resistance points.
The stock might take support anywhere from 582 to 590 before moving up. If it doesn't you can expect it to fall to ~550.
Your best bet would be to wait and see on how this performs on 'Monday'!
Patience is key! Develop it when you trade!
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
Goodluck: Will good luck shine to give a +47% gain?Goodluck: Will good luck shine and give a +47% gain?
What is the trade idea?
Stock has risen 441% within 20 weeks and formed a good 3T VCP pattern. Now it's been consolidating for a good 14 weeks. The entire consolidation is occuring in a high and tight range, and with the low risk range that’s currently in progress, it's been inviting to have a close look at what lies ahead.
The current tight range is above the VCP centre line is most likely forming a pivot range that's <= 7%.
My expectation is that 326 to 334 may offer resistance yet there's a possibility that these levels could be crossed in the coming weeks ahead. (as usual I'm hopeful, and expecting the market Gods to be kind)
Expecting the current compressed range to continue and stay within the marked tight range box for the next two weeks or so.
Here's my Trade Plan
Entry : Test Entry on Breakout above at 302.40
Initial Stop Loss (ISL): Below @ 279.40 (SL based on structure)
Note: Need to be watchful of breakout with high volumes and at resistance above.
Potential Targets: 388, 447
Need to watch carefully what the price action will do around the resistance of 326-334 levels. If that is convincingly crossed, then both upper targets have a fair to good probability of being achieved.
Chart marked with the trade plan. Please feel free to clarify your doubts, and trade safe.
Hindustan Copper [possible retracement and breakout]Cooper at resistance. Wait for a retracement before stepping in. Will likely retrace because the 4-2-1 hour timeframes are in overbought zones.
Patience is key!
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
Prestige Estates - Will it move up or down?It most likely will correct itself today before moving up. The previous three candles are not too convincing to carry itself up. You can place this on your watchlist 'cause the overall trend is up!
The daily is clearly in the oversold areas. However there is still space for it to move lower!
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
Chambal Fertilizer [Swing opportunity]This script follows a particular trend and is currently at support. The trend here is that the stock bounces off the 50 day EMA. So I am expecting it to bounce back again since it is at a trend line support and EMA support (not a perfect support but works for me).
Targets are given, trade accordingly.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
KPIT Technologies [Daily]The stock is currently consolidating after a massive bull run. However, the weekly timeframe has gone into a correction phase, reason why I have placed a second support line.
Should it break and close below Support 1 you can expect the stock to fall to values of ~537-540.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
Jindal Saw [Watchlist Stock]This stock has been in its accumulation phase for the last 7 weeks. It is highly likely to swing back up in the coming days or weeks. Keep it on your WL.
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This is not a recommendation though. Trade as per your knowledge and your risk appetite.
And do not base your trade on what I give. Please do your own research before investing!
I don't post as often but when I do, the trades are potential movers for the week! So trade and book your profits accordingly.
Happy Trading!
Nifty LongI hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these charts are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.