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United Spirits Long opportunityNSE:MCDOWELL_N Stock -> United Sprits (McDowell) TimeFrame -> Weekly Hello all! United Spirits had been moving in a Symmetrical triangle pattern since 2012. It finally broke out of it 9 years later in September 2021 post which it started moving in a flag and pole pattern. After a year in October 2022, it broke out of its flag. This makes for a good opportunity to go long! The confluence of two bullish breakouts combined with support from 50-week EMA and both 200 and 50-day EMA further strengthens my conviction. Risk to Reward ratio also seems decent. *NOT A CALL*
NSE:UNITDSPRLong
by Traders_Town
Tata motors @ Buy above @425 This will be RockThe head and shoulders pattern forms when a stock's price rises to a peak and then declines back to the base of the prior up-move. Then, the price rises above the previous peak to form the "head" and then declines back to the original base. Finally, the stock price peaks again at about the level of the first peak of the formation before falling back down. The head and shoulders pattern is considered one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
NSE:TATAMOTORS
by pranjal1997born
Expecting a breakout in Glenmark PharmaceuticalsNSE:GLENMARK . Expecting a breakout in Glenmark pharma as the stock has been consolidating for many days between 350 - 410 range. Also RSI forming higher highs which could be a positive sign. Breakout above 412 looks good and there is a 200DMA on 420 level. Above which could be safer entry( to be checked along with volume of the breakout). Expecting the stock to move to 500 range for short term. If the stock retrace after breakout , expecting 410- 400 to be a immediate support. I have shared my views as part of study purpose not any recommendation. I am studying stock market and believe sharing could help improve my knowledge
NSE:GLENMARK
by RamRaju61968
4
Uptrend expected in TATA MOTORSExpecting an upmove in TATA MOTORS above 425 NSE:TATAMOTORS . Currently the stock has been consolidating for many days but RSI Indicator was forming higher lows which looks like a positive sign. The stock is taking resistance at 420 level(indicated by green line) Also a 200DMA around 425 level. The 390 -370 range a good support Along with that there is a trend line (indicated in a redline) which is being respected multiple times by the stock as support and resistance. Which is even taken resistance today. So its better to closely watch a breakout above 420 - 425 levels with good volume could be a positive sign for up move. Also current market sentiments look good Also will be watching the RBI meeting on Nov 3rd, expecting no sudden rate hike decision as the meeting is scheduled to give govt report on the RBI failing to keep the inflation under prescribed range range.
NSE:TATAMOTORSLong
by RamRaju61968
DJIA in 2nd Wave Correction of C Wave Downward (Weekly)On Weekly Basis: DJIA has corrected almost 50% of its down move from 34152 to 28725. It is bear market correction, usually sharp bounces. It also has resistance of 50 DMA at 31125 which also a pivot point. DJIA fell from all time high of 36800 to 29888 which was A wave of Grand cycle and corrected 61.80% to B Grand Wave at 34152, also close to 200 DMA level of 33890. DJIA has entered into C Grand Wave which should be final capitulation phase with Sub waves of 1, 2, 3, 4, 5. In shorter frame, DJIA completed its Wave 1 from 34152 to 28725 and almost completed Wave 2 at current level of 31082. Soon it should resume sharp down movement with the target of 26441 completing its Wave 3. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:DJIShort
by AnkurSharda3