Stocksignals
Asian Paints (200 EMA Pullback Seen on Weekly Time Frame)Asian Paints has bounced from 200 EMA on a Weekly Time Frame (2788). Now at 2853. It is possible that stock could head towards 2900, 3000, 3100, and 3200 in the next few months. View invalid below 2776 level.
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.
NIFTY in a channel above support, growth from supportNIFTY
The price is moving in an Ascending channel, and price is also above the support area, as long as price stays above the Support, I expect the price to move higher....
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Ready For Breakout After 14 years...Jindal Steel & Power Ltd is one of the India's leading steel producers with significant presence in sectors like mining and power generation. The group has global presence through subsidiaries, mainly in Australia, Botswana, Indonesia, Mauritius, Mozambique, Madagascar, Namibia, South Africa, Tanzania and Zambia.
Target Achived in HeroMotocorpIn September, We shared the Technical analyzed chart of HeroMotocorp and there we gave a target of upside move and you can see there, it has already given a huge return in just matter of 3 months and now it started correcting....
Here, we have shared the updated analysis chart for your better decision making ...
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.
Hindalco Here, we have attached the Technical analysis chart for Hindalco,
Hindalco is in the range which have drawn in the chart and once it tried to break but unfortunately it couldn't and many SL got hit and so that we have noticed huge sell off then, and the price moving between range continued again ....
In the chart we have mentioned support and many important levels which will definately help you ...
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Rec LtdIn September 2023, We recommended to buy the stock and reason was it was undervalued and had multiyear consolidation which is strong sign to long....
After that It has given huge 180% return in matter of few days .......
Now, we have updated and you can see the technical analysis ... It may retest for a while so better to be away until retest ....
Gmr Infrastructure Limited (Strong Breakout Stock)GMR Infrastructure Limited (CMP: 68.90) has given a breakout on a daily chart. Also, the stock has given a range breakout on the Weekly chart. It has a possible upside of 75,93,144. One can place a stop loss of 58.30 (W) basis. Also, good volume can be seen daily (487.22M). A level of 66 can act as a support zone.
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.
SBI BANK: Running Triangle formationStock has already concluded it's running triangle structure at Oct'23 low of 543 and currently rising in an impulsive manner after the breakout. The measured target for this structure is coming in the region of 790-800 zone.
Hence, stock is likely to hold above INR 600 on any weakness and extend it's gains towards INR 790-800 in the coming weeks.
A sustained closed below 600 will negate this structure and force us to evaluate other possibilities.
Metrobrand Swing Long Setup - Metrobrand is currently looking perfect for an entry
- Kindly note that this stock is highly volatile and quite fast in liquidating stops
- In order to avoid that prefer entering once the liquidity grab is done
- I would suggest keep your risk low in every setup as I am bearish on the overall market
ALOKINDAlokind is near a Triangle breakout in 1wk time frame. You can consider this stock for long term. MID term targets seems a little less so only LONG TERM investors can jump into it.
NOTE: Always study or do your analysis before investing. This is just my view and not any recommendation to buy or sell.