Techincalanalysis
Bajaj Auto Ltd - Long Setup, Move is ON...#BAJAJ_AUTO trading above Resistance of 6186
Next Resistance is at 7865
Support is at 4506
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
MOMENTUM SWING IDEA 15 FEB 24Balaxi Pharmaceuticals Ltd| MOMENTUM SWING IDEA 15 FEB 24
Balaxi Pharmaceuticals Ltd is an IPR-based pharmaceutical Company engaged in producing, stocking, selling, and supplying branded and generic medicines
Financial: strong
Market Cap =₹ 639 Cr. ROCE = 38.5 % ROE = 32.2 %
Debt to equity = 0.12 Promoter holding = 71.2 %
Quick ratio = 1.40 Current ratio = 2.93
Profit Var 3Yrs = 96.0 % Sales growth 3Years =94.6 % Return on assets = 22.1 %
This is pharma sector stock with strong fundamental. Pharma sector is in momentum so I select this stock to ride. Rsi is also showing positive trend. lets see how market recognize it.
Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.
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TATA Chem - MomentumThis Chemical stock has been in consolidation for a while. It seems that the consolidation is about to end and there are signs of a rally on technical indicators. On daily charts there is a crossover of moving averages and RSI is also bullish. Buy this stock at 1033 for a target of 1200 and stop loss of 935 in a short to medium term.
BIKAJI - SWING TRADE - 23rd December #stocks#BIKAJI (1D TF)
Swing Trade Analysis given on 23rd December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte
Gold teases sellers above $2,000 as US inflation loomsGold price stays pressured for the fifth consecutive day, licking its wounds around $2,018 early Tuesday, as traders brace for the all-important US Consumer Price Index (CPI) data for January, scheduled for release later in the day. In doing so, the XAUUSD justifies the previous day’s downside break of a two-month-old rising support line, now immediate resistance surrounding $2,021. Also keeping the bullion sellers hopeful is the impending bear cross on the MACD. It’s worth noting, however, that the pre-data anxiety joins the nearly oversold RSI to challenge the precious metal bears. That said, January’s low of around $2,000 appears immediate support to watch for the metal sellers during the further downside. However, a downward-sloping trend line from December 15, 2023, forming part of a broad bearish channel, will challenge the bears near $1,990 afterward.
On the flip side, a surprise recovery of the Gold Price needs to stay beyond the support-turned-resistance line of nearly $2,021 to convince the intraday buyers. Even so, the 200-SMA surrounding $2,037 could test the XAUUSD bulls before giving them control. In a case where the precious metal remains firmer past the key SMA hurdle, the top line of an aforementioned channel, close to $2,058 at the latest, will precede a six-week-old horizontal resistance of $2,066 to gain the market’s attention.
Overall, the Gold Price is likely to extend the latest fall but the downside room appears limited. Also, the US inflation numbers need to defend the Fed’s efforts to push back the rate cut bias to keep the XAUUSD bears hopeful.
ATULATUL
First of time , my technical knowledge that good support on chart price and technical analysis the stock will definitely reach the given targets in few days and hope that our expectations will be fulfilled.
holdings :-)))
a) Promoters 45%
b)FIIs & DIIs 35%
c) Public 20 %
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"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏
Grasim Looing GoodGrasim Was running under pressure in past many years and a year ago it gave a quite good breakout but still it was in the range for a whole year and finally we can see that the with the good quarterly results it gave breakout..
Fundamentally we can see the increasing capex in the budget and which will help to infrastructure development and that is why the Grasim Sales book looking attractive in the long run ...
Educational purpose only....
Kalyani Steels Limited - Long Setup, Move is ON...#KSL trading above Resistance of 571
Next Resistance is at 702
Support is at 427
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Indian Overseas Bank (IOB) - Long Setup, Move is ON...#IOB trading above Resistance of 43
Next Resistance is at 59
Support is at 26
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
VLS FINANCE STOCKNSE:VLSFINANCE Stock trying to form inverse head & shoulder pattern. Still right shoulder formation is going on. In the first phase, the price of this stock is likely to touch the top of the right shoulder.
Buy sustain above 215 rupees.
Target is 225 to 230 rupees.
Stoploss sustain below 205 rupees.
EIH Limited - Long Setup, Move is ON...#EIHOTEL trading above Resistance of 294
Next Resistance is at 334
Support is at 227
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NHPC - Long Setup, Move is ON...#NHPC trading above Resistance of 79
Next Resistance is at 98
Support is at 57
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NBCC - Going For 100% gain.NBCC, at present has a strong Order book of more than Rs. 50,000 Crore and it has been developing mega projects in various sectors across India and overseas such as Healthcare, Education, Industrial, environment and many more.
On-Going major Domestic Projects:
Redevelopment of Nauroji Nagar into Delhi’s one and only World Trade Centre (WTC)
Redevelopment of GPRA colony at Sarojini Nagar, New Delhi
Redevelopment of GPRA colony at Netaji Nagar, New Delhi
Redevelopment of iconic Pragati Maidan Complex into a World Class State-of-The-Art Exhibition-Cum-Convention Centre (IECC)
Redevelopment of Gomti Nagar Railway Station, Lucknow
Buildings work at IIT Bhubaneshwar
State-of-Art Sports Injury Centre at Safdarjung Hospital, New Delhi
Flat housing complex for AIIMS staff on redevelopment model
Vanijya Bhawan, New Delhi
Utkal University, Bhubaneshwar
Kaushal Bhawan, New Moti Bagh, New Delhi
Development works at Odisha for Odisha Hydropower Corporation Limited (OHPC)
Various Development work for District Mineral Foundation work at Jajpur, Odisha
Development of infrastructure and facilities in the main campus NIT, Uttarakhand
Development of Students Hostels And Faculty Apartments at IIT-BHU, Varanasi for IIT (BHU)
Development of Mini Campus for NIT, Delhi at Narela
Development of Science and Innovation Park At IIT Delhi
Permanent campus of IIM, Ranchi, IIM, Sambalpur and IIM, Visakhapatnam
CBI works (Housing) , Maidangarhi, Delhi
Construction of East Delhi Hub, Karkardooma
Rani Laxmi Bai Central Agricultural University, Datia
On-Going major Overseas Projects:
Construction of house Attorney General (AG) office and Police Head Quarter at Mahe, Seychelles.
Construction of 2000 Social Housing Units in Hulhumale Maldives.
Construction of Police Academy at Mauritius.
Construction of Forensic Science Laboratory at Mauritius.
Construction of National Archives & National Library at Mauritius.
warning :-Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision.