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Cera is on a bull run, chart indicates further rise in price!Weekly Chart The stock has been experiencing a strong upward trend, consistently pushing its highs and lows to new heights. We've noticed that the bullish pole and flag pattern appeared twice in a row, indicated a solid presence of buyers in this stock. Recently, a breakout occurred on the weekly chart with high trading volume, suggesting that the price is set to rise again. Daily Chart Following a notable rejection around the 9,600 mark, the stock experienced a considerable correction. The formation of a Double Bottom pattern signaled a reversal in the downtrend, leading to a robust upward movement. This impressive rally brought the price back to its former resistance level, but it struggled to break through, leading to a period of consolidation just beneath that threshold. In an unexpected turn, the stock gapped up and successfully surpassed its immediate resistance, maintaining its position above this critical level. With trading volume on the rise, there is a promising outlook for a significant upward surge in the stock price.
NSE:CERALong
by GoodluckCapital
Big Breakout Alert! Negative Momentum in GODREJPROP & ESCORTSGODREJPROP The stock's price has been following an upward trend within a parallel channel. Recently, the stock broke through the lower boundary of the channel with a powerful bearish candle. With pessimistic market sentiment, it is anticipated that the stock price will continue to correct, presenting a chance to take a short position. ESCORTS Following the emergence of the bullish Pole & Flag pattern, the stock experienced a significant upward surge backed by robust momentum. After reaching an all-time high close to the 4,400 level, the stock retraced and eventually formed a Double Top pattern signaling a potential bearish trend. A recent breach of the pattern's neckline to the downside suggests further downside potential for the stock.
NSE:GODREJPROPShort
by GoodluckCapital
DIVISLAB and CHAMBLFERT showing high rise in Future OIDIVISLAB The price has been stuck in a tight range for over a year. Then it broke through its resistance level. Since then, the price has stayed above that point and is rising steadily. A breakout has occurred, and the stock price continues to climb CHAMBLFERT The stock price was gradually rising within a parallel channel. After breaking out of the channel, there was a significant price surge followed by a period of consolidation. Now, the price is attempting to surpass its resistance and continue moving upwards.
NSE:DIVISLABLong
by GoodluckCapital
Momentum Trading Picks - Alembic Pharma & Quess Corp.Alembic Pharma The stock encountered several rejections around the 1,130 level, leading to a significant correction in price. Eventually, it found support near the 460 level and began to climb upwards. During this upward movement, a Bullish Pole & Flag pattern emerged in the stock price chart, suggesting a potential continuation of the trend. Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support. Quess Corp The price had been trending upwards within a parallel channel until it broke below, leading to a correction. After that, the stock underwent a consolidation phase before gradually moving upwards. A reversal in the downtrend was indicated by the formation of an Inverted Head & Shoulder pattern during this period. The recent strong breakout suggests that the price is poised to continue its upward movement.
NSE:APLLTDLong
by GoodluckCapital
4
ONGC Witnesses a Multiyear Breakout - What's Next? When analyzing the monthly chart, it's clear that the stock price has experienced numerous fluctuations. In June '14, the stock reached a high near 315 level before taking a sharp downturn. By March 2020, the stock price had plummeted to just 50 INR. However, from that point, the stock began a strong upward movement with significant volume increase. An ascending triangle pattern appeared on the chart, and the price successfully broke through the pattern to continue its upward trend. Ultimately, the stock managed to surpass its previous resistance. As long as it maintains above the 300 level, the price is likely to continue its upward trajectory.
NSE:ONGCLong
by GoodluckCapital
TCS & Just Dial - Getting Ready for a Bull Run After the market crash in 2020, the stock price experienced a significant upward movement and reached close to the 3,990 level, which was the previous all-time high for the stock. Subsequently, the stock entered a downtrend until the price found support near the 2,900 level. Following this, the stock price began to rise again and reached a new high in March’24 at around the 4,250 level. After a pullback, the stock successfully broke through the neckline of the Inverted Head & Shoulder pattern, which had formed during the entire consolidation phase. If this breakout sustains, we may witness a further price rally in the coming days. The stock price reversed its downward trend by breaking through the Ascending Triangle pattern upwards. After dropping near the 1,150 level, the stock rebounded strongly and started moving upwards. The stock price found support around the 520 level after a significant drop and started climbing. An Inverted Head & Shoulders pattern appeared on the chart during the consolidation phase, signaling a possible trend reversal. Following the breakout, the stock price moved upwards but faced resistance at a previous level. After a brief pullback, the stock price successfully broke through the resistance and continued to climb.
NSE:TCSLong
by GoodluckCapital
Infosys and Atul Ltd. Showing High Rise In Future OIINFY The stock price was strongly rejected near the 1,730 level and experienced a significant drop. Later on, the stock found support near the 1,380 level and started to climb. Once the price broke through its trendline resistance, it made a sharp upward movement and reached its previous resistance area. Due to the rising volume, there is an expectation that the stock could break through the resistance and continue to move upward. Additionally, the MACD indicator is showing strong momentum as it is trading above the zero level. ATUL The stock has been on a downward trajectory, consistently creating lower highs and lows. A recent breakthrough of the parallel channel has been noticed, accompanied by a rise in trading volume. Moreover, the RSI indicated a divergence amidst the downtrend, with the current RSI standing above 70, indicating strong buyer momentum. There is a potential for the price to move upwards from its current position.
NSE:INFYLong
by GoodluckCapital
Momentum Trading Picks: Welspun Corp & Himadri Speciality Chemic Price went through a significant consolidation after a big rally. Volume completely dried up during the consolidation phase. Price recently broke out strongly, surpassing its resistance area. Rising volume suggests buyers are becoming more interested in this stock. A bullish MACD crossover confirms the strong momentum in price. The price created a symmetrical triangle shape and stayed stable for a while. There was no trading volume during this time. Following the breakout, the price stabilized above the breakout point and then retraced. After a successful retracement, the price is now moving upwards with significant trading volume. A bullish MACD crossover confirms the strong momentum in price.
NSE:WELCORPLong
by GoodluckCapital
DIVISLAB and ONGC showing high rise in Future OIDIVISLAB The price has been consolidating in a narrow range for more than a year. Recently, the price successfully surpassed its resistance level. Since the breakout, the price has maintained above the breakout point and is steadily increasing. The current RSI is above 60, suggesting strong buying pressure. ONGC Before, the price was rising steadily, pushing the highs and lows higher. Since March’24, the price has entered a consolidation phase, and an ascending triangle pattern has been established. A breakout with significant volume has occurred recently. The RSI is currently above 60, indicating strong buying pressure.
NSE:DIVISLABEducation
by GoodluckCapital
1
Bullish Flag pattern in SANGHVI MOVERSA Weekly Bullish Flag and Pole pattern is visible on the charts of Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the NSE:SANGHVIMOV MACD gave Positive crossover on Daily chart , Monthly chart and on weekly chart, it is on verge of giving positive breakout So, expecting the momentum to continue. One can look to create a fresh position in the scrip near Rs. 740-760 levels with the stoploss of Rs. 620.55 on weekly closing basis. The 1st target will be 840.10 , 2nd target will be 928.10, 3rd target will be 1008.20, 4th target will be 1096.65 and fifth target will be 1184.55.
NSE:SANGHVIMOVLong
by raigvivek
Precision Wires India Ltd (Strong Breakout Candidate)Precision Wires India Ltd has given a breakout on a daily time frame. The stock can head towards 155 and 170 levels in the short term. Also, good volumes can be seen on a daily time frame. The stock has support at the 141 level. CMP: 143. #PRECWIRE. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
NSE:PRECWIRELong
by onkarsoundankar
Stock Operating An Epic Example, Oberoi Realty -20% in a Month. 4/1/2024:- Open 1460... Beginning of the Month Pumped 6% Sold High Premium Puts Strike Range 1460 to 1585. 4/1/2024 to 20/1/2024:- Stock Traded in Same Range. Pump and Dump Activity - Distribution at High Price. Operators minted in Put options. 15/1/2024:- Short Positioning Range in 6% form 1500-1585 All Time High. 20/1/2024:- Sold ITM Call approx. Strike Range 1585 to 1320. It was operators monthly expiry plan. 23/1/2024:- Stock 4% Gap-down and sold just another 4% to make sure nobody would dare to challenge short positions of the stock operators. 24/1/2024 to 25/1/2024:- Monthly Expiry Stock Being sold just another 7-8% 25th Jan. 2024:- Monthly Expiry End Game for the Strike 1300++ Call Buyers Agree? Don't Agree? It doesn't matter because... I Hope someone beginner an innocent retail stock option buyer will get an idea before entering into either long or short position in stock options or futures. Disclaimer: This is for the educational purposes only. Analysis & View are personal. Trade at your own risk. We recommend consult your financial advisors and do your own analysis before taking any trade. Profit and Losses are subject to your own risk management and constantly changing market conditions.
NSE:OBEROIRLTY
by SEBIRegistered
Bullish Flag Pattern in ZEE ENTERTAINA Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:ZEEL Flag and Pole pattern is a bullish continuation pattern and it is visible on the charts after a meaningful appreciation in the NSE:ZEEL MACD gave Positive territory on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can look to create a fresh position in the scrip near Rs. 270-275 levels with the stoploss of Rs. 242.35 on weekly closing basis. The 1st target will be 290.10, 2nd target will be 306.10, 3rd target will be 331.20, 4th target will be 346.65 and fifth target will be 358.55. Risk to Reward Ratio is 1:3 This study is for education purpose only.
NSE:ZEELLong
by raigvivek
NBCC looks all set for Big Gains.Hey guys I hope you all are doing well, making insane amount of profits. Check out this chart for NBCC! It's like a cool artwork with a symmetrical pattern. So, for the past 5 years, it was consolidating in a beautiful range, symmetrical tringle pattern. Where initially it has dropped by around 60%, but then it bounced back and started making slightly lower highs and also higher lows. There is another important line between support and resistance where price has been dancing around this multiple times. And guess what? On the last trading day, it made a big 8% jump and even broke through two trend lines. If this good vibe keeps going and it stays above those lines, it might be a good time to jump in. We will go bit longer as it has historical evidence to go much higher level if waited patiently. Note- It is not at all a recommendation, Please do your due diligence before investing.
NSE:NBCCLong
by BullishLine
Inverse Head & shoulders in BHEL.We can see on the weekly timeframe, the stock has been consolidating for two years, forming an Inverse Head and Shoulders pattern. On the daily timeframe, there's a breakout with a smaller candle above the Neckline. However, there's a possibility of a fakeout, so we'll wait for a strong confirmation. We'll enter the trade only when there's a bigger green candle than the previous one and should sustain above the line as that would be our trigger. If the trigger is met, we can consider going long on the stock. Our target would be to achieve more than a 15% gain, while setting a stop loss at 8% to manage potential risks. Buy- 102 Target- 120 Stoploss- 94 Note- I am not SEBI registered, Please consult your adviser before Investing.
NSE:BHELLong
by BullishLine