Reason to go Long: 1. Trend Break 2. Earning reports are speculated to be good. 3. 23% Fib retracement bounce . 4. MACD crossover NSE:EMAMILTD
Lot of IT stocks showing negative bais on charts. clearly seen in IT index !! Sell IT Stocks and stay away !!
A good move can be expected either on upside or downside.
I am trying to analyzing of VOLTAS stock through Elliott wave theory on weekly basis. Since march 2022 marked as low & completed 8 wave (5 Impulse + 3 Corrective). Hence seems this chart Voltas on present consolidation phase it means BIG person on buying on intrinsic value & to be making Ist wave of Impulse. first wave may in triangle pattern or some other wave....
LUPIN LTD Key highlights: 💡⚡ ✅On 1 Hour Time Frame Stock Showing Breakout of Bullish flag Pattern . ✅ Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 875+. ✅Can Go short in this stock by placing a stop loss below 765-.
Trendline breakout + Cup and handle on weekly. Indicators are positive too. Bullish above closing of 346. Targets 360-385- 403 - 422 - 440 - 465 - 500 ++ SL 270
Rounding bottom + triangle consolidation . After a huge RB breakout, Stock is in triangle consolidation. For long, 360-375 looks like a strong demand zone. Can add long positions around these levels or average here. Targets can be 448-491-547-605. Always trail your profits in positional trades. Breakdown of support may lead to test 340-317-280 levels also....
Falling wedge. On breakout, it can give a goood upmove till 496-574-691-791 levels. Sl - yours. (It has corrected more than 50% from highs)
Ascending triangle pattern, good volumes and indicators turning positive. Bullish above 405-07 zones Buy for targets 415-426-440-458-480 SL 365
Eveything mentioned in the chart. You can see a Cup and Handle formation in the chart. study then invest. About The Company ✔️ Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector.
DRREDDYS LAB Key highlights: 💡 ✅On 1Week Time Frame Stock Showing Reversal of Uptrend Channel Pattern . ✅ It can give movement upto the Reversal final target of below 4400-. ✅There have chances of breakdown of Support level too. ✅ After breakdown of Support level this stock can gives strong downside rally upto below 3806-.
NAUKRI Key highlights: 💡⚡️ ✅On 1D Time Frame Stock Showing Breakout of Inverted head and shoulder pattern. ✅ Strong Bullsih Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 4425+.
Today will be gap Down opening in BANKNIFTY . After opening if banknifty start trading below 43450 level then possible downside rally of 400-500 points upto 43050 Level. Any Major Upside only expected in case banknifty starts trading Above 43550 level.
After about 75% from highs, there are signs of strength. Flag pattern on daily. Can play for targets 476-488-500-525-548-577-600 Stop loss can be breakdown of Flag or big bearish closing below 420 (for short term traders) and below 400 (for swing traders)
After a 200 EMA cross, it again tested 200 EMA and has bounced back forming a Cup and Handle on charts. Above 454 closing, expect targets of 487-511-532-572-650. SL would be a closing below 390 on daily charts. Always use trailing SL in your profitable trades. *This is just a view, trade at your own risk.
Huge Triangle consolidation and flag pattern inside. For low risk traders buy on breakout for targets 480-500 with a SL of 440 on daily closing For swing and investment pov, buy at cmp, add on dips till 420-400 Targets 480-500-528-553++ SL 400 on daily/weekly closing.
DABUR INDIA LTD Key highlights: 💡 ✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern . ✅ It can give movement upto the Reversal target of above 544+. ✅There have chances of Breakout of resistance level too. ✅ After Breakout of resistance level this stock can gives strong upside rally upto above 615+. ✅ Can Go Short in this stock by placing stop...
symmertical triangle pattern is formed by gold on 1hr time frame tarde can be activated if it brakes the range. go long if it breaks above 1984.5 and target can be made of 1999. short can be played below 1957.77 for the target of 1936