SBICards-Can it finally make a comeback?SBICards has been underperforming since last few years.
700-730 has proven to be a strong demand zone for the stock historically and looks like history is getting repeated.
950-1000 is a strong supply zone. Once it is broken, we can see this stock fly to new highs.
Currently, stock is a perfect example of buy low, sell high.
Supportreversal
SonataSoftware-An IT stock for ATH targets!As I had mentioned in my NiftyIT analysis, Sonata software is showing good reversal signs.
Today, stock gave a breakout of trendline after bouncing from support.
It is going to fill gap till 630 tomorrow which can be a good trade any intraday traders.
Swing traders shouldn't miss opportunity of adding this multibagger stock in watchlist.
Good stock for long term investors as well but please invest only after own research.
Sumitomo-An attractive support reversal trade Sumitomo has a strong demand zone at around 345-350 levels which has been tested multiple times.
Stock is looking strong as a reversal trade since we can see good volume buying from demand zone. A weekly closing above 450 will open ATH and above targets for the stock.
Keep in watchlist.
Just my personal opinion and not a recommendation
MTARTech-A beautiful channel consolidation!MTARTech is one of the leading stock from defence sector. However, stock is underperforming and is currently in a channel consolidation.
Recent news of arms exports to Russia has triggered a rally in defence stocks like Datapatterns, BEL, BDL, etc.
Mtar is bouncing from lower end of channel and we can expect big rally in this stock too. A good stock for investment purposes as well.
Disclaimer:This is not a recommendation and this is my personal analysis and opinion about stock.
GMMPfaudler-Can it break the consolidation this time?Stock of GMM is bouncing from strong support and looking strong for a good upmove.
If the stock crosses 1800, we can expect a big move upside.
Short term traders can book at T1/T2 quickly.
Stock has good fundamentals to hold for long term as well.
Syngene-A pre breakout trade for good returns!Sygene is a pharma stock which is consolidating from few months now.
Stock has formed triple bottom pattern near its strong support and now showing signs of reversal
Confirmation is when stock gives weekly closing above 750.
Risky traders can keep this stock in watchlist
Syrma-A hidden bullish divergence hinting a reversal?Syrma is a very reputed Electronics manufacturing supplier which has shown good growth in past few years.
Technical analysis of chart shows bullish divergence near a strong support.
If the stock crosses 500, we can see quick move towards target mentioned. A supportive broader market can also help stock make new ATH.
Keep in watchlist.
GSK Pharma- Ready to breakout?As explained, Glaxo is looking strong for a reversal near support trendline. Trendline breakout can be a beartrap.
RSI positive divergence in weekly TF is supporting the analysis. Best buy is near 1265 with SL below 1227 and target of 1345+.
However, this idea is shared just for educational purposes and not a recommendation.
JSWEnergy Another energy sector stock on watchlistWe have seen good support reversal or breakouts in Energy sector stocks from past couple of weeks.
JSWEnergy is looking very attractive at 240 levels for a strong support reversal for medium term. Keep on radar for big target of 300 and above.
Idea shared only for educational purpose,
Alembic pharma can blast anytime!APLLTD is one of the few pharma stocks which have not shown upmove in the past couple of months.
I had observed similar pattern in Auropharma and IOCLP and these stocks have rallied over 30% from their support trendline.
You must definitely keep this stock in your watchlist as around 650 levels is the minimum target one can expect.
Kindly trade as per your own analysis since this idea is shared for educational purpose.
Confluence of support in this medical lab stockDr Lalpathlab has corrected significantly post its all time high of around 4200.
As seen on the chart, the stock is standing on a crucial support trendline and also has recently bounced from its strong demand zone in weekly time frame.
RSI positive divergence can also been seen in the chart.
This stock can touch levels of around 2330, 2600 in medium term.
Kindly trade as per your own analysis since idea is shared only for educational purposes.
Bandhan bank bouncing from a supportBandhan bank is continuous downtrend and currently, we can see a bounce from its strong demand zone of around 200 levels.
The stock is forming higher lows in smaller time frame.
Looks like a good swing stock for targets of 250 and above. 235 might also act as a small resistance.
Keep in watchlist. Trade as per your own analysis as this idea is shared only for educational purposes.
GAEL near a triangle breakoutGAEL recently has bounced from strong support trendline. Stock is showing good Risk Reward ratio at CMP
Bullish Breakout of symmetrical triangle pattern will be confirmed above 260 levels.
Chart shared only for educational purposes. Kindly trade as per your own analysis.
IEX, long term pick with good potentialHello traders,
As I said will start posting good long term picks in the last idea.
IEX is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity.
As we all must know this. This is a really good company with great potential and strong fundamentals.
I had already mentioned about the fundamentals and other details in the chart.
this is again a support reversal buy like LAURUSLABS on which I posted an idea before,having good potential for upmove.
this stock is at great dip and its a really good chance to add this stock to your portfolio (or add more qty if u already have it).
If you see, this stock also has an inverted head and shoulder pattern on a smaller timeframe:
hence we here have multiple consequences for adding this stock or start accumulating in your long term portfolio.
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
Will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
VOLTAS Share Trend Analysis by THE DECISIVEVoltas is engage in business of Air conditioning, refrigeration & electro-Mechanical Projects & having Market cap of Rs. 32500 CR. Company is almost debt free & having healthy dividend payout background.
On Daily time frame it is taking strong reversal & moving towards previous high. Expecting a good movement here onwards.
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
We will be happy to know if you would like to learn more on Fundamental & Technical analysis.
This was just for educational purpose only & not recommending to BUY/SELL of any Script.