Stockmarkets
x p l o s i o nhul fut is trading in very small range of 2512-2533 from past 5 trading sessions with closing above vwap on daily basis, also shortcovering started in 2520 ce.
With all these data suggests more upside if hul breaks past 2533.
Conditional buy above 2533 with mentioned stoploss & target.
POLICYBZR / PB Fintech Ltd Analysis :POLICYBZR / PB Fintech Ltd Analysis :
POLICYBZR
LTP : 730.10
Support : 700-360
Targets: 931/1122/1340/1470
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#POLICYBZR #PBFintech #StocksInFocus #stockmarkets #investing #SGXNIFTY #NASDAQ #nifty50
JUBLINGREA AnalysisJUBLINGREA
LTP : 432.6
Support : 396-440
Targets: 534/601/663/749
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#JUBLINGREA #StocksInFocus #sharemarket #stockmarkets #sensex #stockmarketnews #investing #SGXNIFTY #NASDAQ #nifty50
IOLCP AnalysisIOL Chemicals and Pharmaceuticals Ltd (IOLCP)
LTP : 381.5
Support : 315-365
Targets: 453/530/652/783
Disclaimer:This is my personal view. Prior to making any investment or trade decisions, please consult your financial advisor.
#IOLCP #StocksInFocus #sharemarket #stockmarkets #sensex #stockmarketnews #investing #SGXNIFTY #NASDAQ #nifty50
#NIFTY Intraday Support and Resistance Levels -11/08/2023Nifty will be FLAT opening in today's session. After opening nifty start trading above 19560 level and then possible upside rally up to 19680 in today's session. in case nifty trades below 19540 level then the downside target can go up to the 19420 level.
Solid Breakout in Tech Mahindra after a long Accumulation PhaseHello Traders and Investors, i hope you all will be doing good.
I have brought an analysis on Tech Mahindra, i hope it will be beneficial to you guy's,
So let's start:-
As we have seen a Neat and Clean solid Breakout of Tech Mahindra stock after a long Accumulation Phase.
Do you guy's know What is an Accumulation Phase?
Okay i will write what i know about it.
Notable Characteristics of Accumulation Phase:-
It shows that strength is building into security.
The security starts trading in a well defined range, moving between the upper and the lower band of the consolidation.
Market participants start becoming bullish on security in the accumulation phase.
The Price starts moving in a range indicating that the price of the security is bottoming out.
This phase indicates that a fight is happening between buyers and sellers and eventually, buyers take over sellers towards the end of this phase.
So guy's i think this (Accumulation Phase) is clear now. So, Guy's same thing we have seen in Tech Mahindra stock also, earlier trend was Downtrend then Accumulation Phase, now as we have seen a breakout in it. So we can assume that now the trend will shift in uptrend.
I have marked everything on chart like, Entry point, Targets and Stop loss. Please check chart for the levels.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Axis Bank stock technical analysisIdea:
I am bullish on Axis Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 990. I am looking for the stock to reach a target of 1050 in the next 2-4 weeks.
Entry:
I would enter a long position on Axis Bank above 990. I would use a stop loss of 985.
Target:
My target for the trade is 1050. I would exit the trade if the stock closes below 985.
Risk:
The risk on this trade is 50 points, or 5% of the stock's current price.
Notes:
This is just a trading idea and not financial advice.
Here are some additional factors to consider when trading Axis Bank:
The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for Axis Bank to break out of its current trend.
The news flow. Any negative news about Axis Bank or the banking sector could weigh on the stock price.
Please do your own research before making any investment decisions.
NIfty possible levels for today. 17/07/2023Good Morning Traders,
NIfty Trading in bullish ascending channel, chances are high that nifty should return to test lower range of the channel, but as of markets are highly bullish may be we can see some breakout for upside, but according to price action, this should return from here, and should go towards 19500-19450 levels. But if this give breakout then we can see another new high in today's session. Okay let's see what is going to happen, we will take trade according to price action.
Important levels for Nifty:-
Buy Nifty above 19615, if levels sustain at least for 15 mints.
Target we can see 19698/19747
Keep stop loss at 19566.
Sale Nifty below 19566, if levels sustain at least for 15 mints.
Target we can see 19511/19432
Keep Stop loss at 19615.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.