Technicals
Breakout + Retest ( Best Opportunity !! )After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90.
Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can see a good up-move.
This is my analysis, done only for educational purpose only, feel free to share your views/feedback.
MOTHERSON : FLAT correctionSell on rise near 225-30 region with sl of 238 or sell below 210 keeping SL of 230 AND look for the target area of 195/175
Ador Welding - Capital Market AnalystsHie, In this investment series we talk about some fundamentally strong companies identified by Capital Market analysts in their latest issue.
Ador Welding Ltd. is a holding company, which engages in the manufacture and sale of welding equipment. It operates through the following segments: Consumables; and Equipment and Project Engineering Business.
*Company has been maintaining a healthy dividend payout of 34.56%
*Promoters have increased holdings from 56.75% to 56.85% in Dec 2020 qtr.
*Mutual Funds have decreased holdings from 11.64% to 11.45% in Dec 2020 qtr
*Stocks with high PE (PE > 40)
For more, you can check the stock out on trendlyne.com/fundamentals/financials/31/ADORWELD/ador-welding-ltd/
Sources credit:
Trendlyne & Screener.in
INDICATORS USED:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
H/Blue Candle: Selling Divergence
L/Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
SAVITA OIL TECH, 1D, has given breakout & retested the levelSavita oil Tech has given breakout on daily chart & also tested the breakout level.
It may or may not retrace little bit, if retraces, that will be a BUY ON DIPS opportunity for me.
Fundamentally very good stock to hold too for medium term
All levels are marked on chart .
All analysis are for educational purposes only.
HDFC bank break outThe banking sector is catching momentum lately. In 2 hour timeframe stock is in a range, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone .
In the30mins timeframe it has formed some price pattern and also Supported by 50 daily ema .
The Indicator Used:
PANEL 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
Panel 2:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
RBL BANKRBL BANK, is showing a bullish momentum till now
BUY at arrow and SELL as it touches the upper trend line, if it crosses the trend-line then wait you could have more profits to come dont sell till 230/- clear cut it level, why 230/- levels because RBL BANK too much sold by the BIG PLAYERS in the market but it also seems that they are again get interest in this particular stock might be the reason that RBL BANK fundamentals 230/- its clear cut level and it will touch it in the coming september if it broke the levels if dont then a short term down trend till < 160-162 >
buying at 160-162 will be profitable if its not breaking its lower trendline plz keep in mind before taking the trade
for intraday levels 170-180 for tomorrow
Reliance is in a bullish flag (Perfect for 15min Intraday)I am expecting it to break down as it has tested the lower resistance many time but the trend is opposite and hence it can be a very risky trade. So follow the rules I have provided in the picture to trade this stock tommorow.
Target : Rs 6
SL : Rs 6
Risk : Reward - 1:1
Please comment if you have any doubts on the analysis.
GOLD on BULLISH MODE!!!Global financial powerhouse Goldman Sachs raised its gold price forecast this week,
expecting the rally to continue due to currency debasement fears and economic
uncertainty caused by the coronavirus crisis. Goldman Sachs lifted its three,
six and 12-month gold price estimates to $1,800, $1,900 and $2,000 per ounce,
from $1,600, $1,650 and 1,800 per ounce, respectively.
Technical View-
On a daily chart we can see since April its has been in a range.
Last whole week it took a support on 20 day EMA, and last day it has
given a break out above short term resistance line. It seems bullish
for this week.
*Staying below 10279,it would head 10050,9920 & moreMarket Rhythm :-
Day :- Technically day trend is "Down", with price staying below DHEma 10171 level.
Weekly :- Technically week trend is "Down",with price stying below WEma 10193 level.
Month :- Technically month trend is "Sideways", with price staying below MHEma 10356 level.
USEFUL INDICATORS #1Here, I am starting a new series where I'll be sharing useful scripts available on Tradingview.
Some people do not know that apart from the usual indicators, there are 100s of custom indicators/scripts on Tradingview.
I'll be sharing a few good ones time to time which will help you in trading decisions.
So, starting with the first one,
this is Sentimental RSI by Rajandran Sir. ( link in the end )
The whole description of how it works and details are in the link.
Now, my personal observations on this :
1 . Indicators like this work best in the daily timeframe or above. Don't use them for timeframes like 1 hour or 15 minutes.
2. Use them in addition to your trading strategy. If both of them give the same signal ,you have additional confirmation.
3. In this indicator, basically,
a. Long when it turns green.
b. Book partial profits when it turns blue.
c. Exit when it turns red.
and then ;
a. Short when it turns red
b. Book partial profits when it turns yellow.
c. Exit when it turns green.
The cycle goes on.
( now go to the chart and see if it works :p ) . also try with different stocks.
Apply other extra filters according to your trading strategy.
So, currently, you can see it's showing all green in Nifty indicating very good strength, so don't even think of shorting :p
Here's the link of the indicator :
Add it to your fav scripts and then add easily every time through the indicators section.
I'd love to hear your feedback on this ,
if there any view or doubts, please comment.
And please like Sir's script if you found it useful.
And hit the 'thumbs up' button if you found this of any value.