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!
Stockmarketanalysis
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.
NIfty at ResistanceNIfty touched the resistance level and from there 60 points fell down. It has rejected 2-3 times today itself and it shows a good resistance. Also after a huge fall from lifetime high, there was no pull back. So this rise in nifty may be a pullback to the further fall. Stay light and Trade cautiously.
It is my personal opinion, I never suggest to trade based on these. Shared only for Educational purpose.
Amar Raja Batteries : Positional CallAmar raja Batteries : Positional Call
Keeping EV segment in mind, Right time to enter the stock after double bottom, stock will slowly start moving towards its recent highs.
Keep watching
DLF at perfect Demand zoneWith Budget just around the Corner and India being the Developing Country focus will be on Infra & Realty Sector. Lots of Scope for Development still there especially after 3 waves of Covid.
DLF Looks at Good support or Demand Zone, Any positives for realty sector this stock can Rocket
Keep Watching
And Now a Positive Divergence in hourly NiftyNifty Hourly charts and the Rohits Momentum now share a positive bullish divergence and one more buy signal afterward. Minor wave ii? Everytime you do not get a V shaped recovery but price action is a process that you have to follow with all the arsenals you have in Technical Analysis.
Britannia at crucial support zoneEveryone stating to buy Britannia without knowing that Britannia actually lost its steam on the weekly. And the falling market is only adding to this stocks overall fall. Britannia is likely to fall further or move sideways until it gains momentum. But this is a prediction none of us can give. However, if it does gain momentum it will likely touch 4000+ points. It is also likely to rebound from the drawn resistance zone.
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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!
Psst: You are better off playing cricket in a falling market!
Happy Trading!
SunTV Network [Weekly]Unless I see this bouncing back with a strong bullish candle I would stay away from this stock. The month looks exceptionally weak and the falling StocRSI and MACD signals aren't convincing enough to even invest in this stock at support.
Wait and see how the stock reacts once it reaches the demand zone. If it breaks the demand zone, it will be time to pack this stock away for a good 2+ months.
Happy Trading!
Triangle breakout in GNFCIf we look at the daily timeframe for GNFC , we can clearly see there is a triangle breakout with good volumes. The breakout has come almost after 4 months of consolidation inside the triangle. After the breakout, there has been a small consolidation which is really healthy for the stock. At any given day, the stock can gain momentum and rise now. It is also near to the psychological level of Rs 500. Once the stock gives closing above Rs 500 in the daily candle closing, we can see a good move. We can easily aim for 5% - 10% returns from the stock.
Do like it :) It will motivate me to write more
Channel Breakout in HEMIPROPLooking at the chart in daily timeframe for Hemisphere Properties, we can clearly see there is a breakout from the channel pattern after almost a year of consolidation. The upper trend line of the channel has been broken with absolutely huge volume. We can see a small consolidation after the breakout which is a healthy sign for the stock to move upwards. If the momentum continues, it can easily give double digit returns to the investors.
You will also find many other stocks ideas in my profile! Do like it :) It will motivate me to write more
28% Target Potential in Likhitha | Swing TradeWonderful swing trade with target potential of 28%
Reason to trade -
1. Breakout of 50 EMA with good volume
2. Trendline breakout
3. Breakout of Horizontal Demand Area
4. Has made a breakout and then retest which is a bullish pattern .
5. RSI above MA
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The Rich Trader
Rohit Sharma
DELTA CORP: Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern.
Buy with SL of 278 & look for the target of 340-45 zone