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NYSE:DOCS - Breakout Opportunity with Strong FinancialsSummary: NYSE:DOCS Doximity NYSE:DOCS has experienced a big breakout with a higher volume spike, indicating strong buying interest. The company's impressive gross profit margin, aggressive share buybacks, and solid balance sheet with more cash than debt make it an attractive investment opportunity. Additionally, Doximity has a very high Piotroski score, further solidifying its strong fundamentals. Fundamentals: Impressive gross profit margin Management aggressively buying back shares Holds more cash than debt on the balance sheet Very high Piotroski score Technical: High RSI, indicating strong momentum Relative strength is positive compared to the index Breakout after a period of consolidation
NYSE:DOCSLong
by hrishikeshrahalkar
ABCAPITAL Elliott Wave StudyTF - Monthly - Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top). AB CAPITAL has made a monthly consolidation range of 139 - 95 As per the monthly chart, AB CAPITAL can take support from 78.05 . Three reasons to consider this level: 1. AB CAPITAL has given five touches to this level. 2. AB CAPITAL had taken support and broken up the trendline. 3. AB CAPITAL can retraced 61.8 % at 76.45 , which is demand zone. If AB CAPITAL breaks down to 90 , then it will come to take support near 78.05. TF: Daily - AB CAPITAL has completed corrective waves A & B . Wave C of wave 4 is about to completed. We are getting similar confirmation that if AB capital breaks down to 90.05 , we can expect a support level of 78.05 . As per Elliott wave, wave 4 can complete near the previous 4th wave of lower degree. Wave 4 of lower degree is a 78.50 . We got the confluence zone as 78.05 . After taking support level, AB CAPITAL will start its upward march. I will update more information soon. Thank you! @Money_Dictators
NSE:ABCAPITAL
by Money_Dictators
11
Bajaj Finserv: Elliott Wave Analysis & TipsBajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z . Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders. Bajaj Finserv has formed in the descending channel for more than 27 weeks . It has broken the control line's channel also. That indicates bulls are not ready to expect a falling knife. Measurement of wave ((4)): Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000 . Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action. Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms. After the completion of wave (z) of wave (4), the price will march for motive wave (5).If the price sustains above wave (X) at 17480 , Bajaj Finserv will move on for an all-time high. Note: ending point of the corrective structure is the starting point of an impulsive phase. I will update further information soon.
NSE:BAJAJFINSV
by forextidings
16
Rising Triangle formation in KPITTECHKPITTECH chart is forming a rising triangle after a good retracement. Rising triangles are theoretically supposed to breakout to the upside and continue the price higher but practically you'll find many examples where it breaks down below the rising trendline. on the upside, the price is getting rejected on horizontal resistance and forming hammers/spinning tops. Wait for it to break on either side to take a trade. if it breaks to the upside, one should wait for a retest of the trendline.
NSE:KPITTECH
by Sai_Kumar
BANKNIFTY Can't Wait to Fall – Even Without NIFTY’s Help Key levels: 36496 - 37060 Bank Nifty was following the uptrend channel from Dec 2020, and it had broke on 02 March '22. There's a new parallel channel unfolded. In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel channel resistance line. Moreover, advance traders must look at 100 EMA on it. These signs are signaling further decline. And that could be from the parallel channel's resistance line to control price. An uptrend possibility comes from key levels breakout. So intraday traders can use it as an invalidation level. Moreover, Banknifty prices can hike up to that level this week. If Banknifty doesn't cross/close above the second level, you should prepare for the following targets: 36000 - 35800 - 35400 below
NSE:BANKNIFTY1!Short
by forextidings
6
Will BANK NIFTY Hit 37800 Today?Bank Nifty had stuck into the descending channel (DC) from 25 Oct to 07 Dec. The upper trendline of DC has broken and started moving forward. It has filled the 25 Nov gap yesterday and marching towards the supply zone. We have chances to see 37600 – 37800+ levels today. Intraday traders can take benefit of it. But you must note the second resistance of 36871 . It’s a barrier for buyers. If Bank Nifty remains under of it, then we may see an excess of this channel. And that will collapse the Bank Nifty prices from 36800 to 36300 – 35696 below. That’s why I have highlighted the supply zone in the above chart with a strict warning. I have used RSI and Stoch RSI together. The Stoch RSI is indicating a downtrend ahead. But, others (MA, DMI, & RSI) are throwing positive signs. Hence, you have to focus on the second resistance line only. Further any changes/details I will update during the market hours.
NSE:BANKNIFTY
by forextidings
3
Power Of Breakaway Gap !A breakaway gap occurs when the price gaps above resistance or gaps below support. Support or resistance, in this case, is often associated with a chart pattern, such as a trading range, triangle, wedge, or other patterns. Breakaway gaps often occur early in a trend and show conviction in the new trend direction. How To Trade A Breakaway Gap? The market moved sideways, forming a consolidation pattern. Enter a long position at the breakaway gap day close. These are possible initial stop-loss levels for this breakaway gap setup. You can then use this subsequent swing low to tighten your stop-loss.
NSE:RUPALong
by ChartsNovel
ASIANPAINT FOR LONGASIANPAINT ---------------------------- 1. WEEKLY RESISTANCE BROKEN 2. CURRENTLY IN RETESTING PHASE ANALYSIS ---------------------------- (n-2) week candle broke the resistance (n-1) candle is doji. A doji tells indecision We have to wait this week to understand the direction of the stock. NOTE: During this week, on a 2hr chart, if the price closed above 3000 then we can place order at 2988. Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSE:ASIANPAINT
by clementemerson