Supply Zone
Long Term Debt free FMCG Stock This stock was in downtrend after July 2021 because FII & DII are selling there stake also profit booking as stock has given good return more then 100% in a 1 year.
Bajaj Consumer is a very Old company. It is Debt Free. It is one of the best stock in FMCG sector.
Right Now stock trading between 175-180.
In march 2022 ending & April 2022 first week during this period the volume has been increase so may be new buyers are buying this stock.
So There is good chances that within few months this stock can give 20-25% in short term, while in long term this can give return of more then 30-40%.
On daily time frame the stock in trading above 50 EMA, in short term this stock will trade above 200 EMA so there is good chances that this stock can give a good return.
Target Price is mention in chart.
This is just for educational purpose.
Happy Trading :)
Gold ShortFallGold's current price is near the Weekly SZ + Daily SZ + Weekly RTL.
Weekly RTL is multiple times tested but still may not succeed in breaking the HTF SZs.
Gold may react from HTF SZs & can test 1810-1807 levels.
On 4Hrs TF, If it succeeds to fall & close below 4Hrs STL then check for Increased volume, No opposite side reaction.
SWING TRADE - WIPRO - R:R @ 1:2Potential Opportunity as Swing Trade in NSE:WIPRO
Risk : Reward - 1:2
ENTRY - 636.00
TARGET - 616.00
STOP LOSS - 676.00
This is for Educational Purpose only, apply your prudence & consult your adviser before any investing.
HAPPY TRADING.....
#nse #swingtrade #nifty #wipro #nifty50 # #priceaction #supportzone #trendline #retest # retracement #bullish #riskrewardratio
Phillips carbon forecastFundamental analysis :
In fundamental wise the current share price is trading 2.44 rupees below its PE valuation. According to Graham number valuation share is trading below 11.5% of its current share price 239.85. In last five years debt on company has reduced. Debt to equity ratio is 0.33 which is consider as good value and the current ratio is 1.39 which is also a good sign. Net income and revenue has grown well in last five years.
Technical analysis :
1. You can see inverted head and shoulder pattern has breakout and retested at 237.20
2. If market moves up from retest zone target will be 269.60
3. Stock price has possibility to move down to 232.05 and change its direction upside.
4. In case share price moves below its two retest zone.
Support 1 - 219.95
Support 2 - 207.45
CAUTION : I am not a SEBI registered financial advisor. This is only for educational purpose. Investment in stock market is highly risky. This is only for information purpose. It is very important to do your own analysis before you invest or trade in stock market.
CIPLA to reach 924 - Short then LongAs we can see in the above chart, CIPLA is rising for the past few weeks, and it might be up to the Daily Supply Zone. It will come down, and even though the Demand Zone is of 75 Minutes, it has the support of the 20 EMA also, which makes sure that the price might take support there. Also, the 8 EMA is above the 20 EMA, showing the chances of the price to retreat to the demand zone from the supply zone, and then to rise up again. Also, the 75 MIN Trend is up, which makes it easier for us to buy at the demand zone. So, it is short, then long.
BankNifty might reach 20 EMA by increasing the priceAccording to a famous theory, the price usually comes to the 20 EMA, or the Moving Average comes to the price.
For this week in BankNifty, it looks like it is reacting from a Daily Demand Zone to reach a 75 Minutes Supply Zone, where effectively lies the 20 EMA. So, the price might move up to 35800, but it is not that strong a conviction since the Demand Zone is tested once, and so, I am putting this idea for Neutral.
If you are wondering why there are no gaps on my chart, they are due to a script I recently published. Check it out!
Have a nice day!!!