Before any discussion , I like to share few facts about mighty Nifty : 1. Nifty is in downtrend since 1 Dec 2022 from level @ 18860 2. After 3.5 months of downfall , finally Nifty found support level @ 16850 3. The support level was retested numerous time unless Rectangular Channel break our was seen on 31.03.2023 4. Since 31.03.2023 , Nifty was in uptrend till...
Amara Raja Batteries Limited is an India-based manufacturer of lead-acid storage batteries for industrial and automotive applications in the Indian battery industry. The stock has shown Descending Triangle Breakout today. Breakout in Volume and RSI is also seen. However, to make long term hold position, retesting of the support at 600.10 is recommended. If the...
Divi's Laboratories Limited is an India-based company, which is engaged in manufacturing and sale of active pharmaceutical ingredients (APIs), intermediates and nutraceutical ingredients with predominance in exports. The stock is in downtrend since Oct 2021 and was moving in a channel. However , we saw channel break out on 13 April 2023 and we see that the level @...
VEDANTA LTD POSITIONAL) 01-06-2021 TIME FRAME :1 HOUR ENTRY : BUY ABOVE 275 STOP LOSS :268.5 TARGET :280/285 ----------------------------- Note: we are not SEBI registered investment advisor. don't take any decision individually. kindly do your own research or consult your financial advisor before taking any financial decision.
Swing Trading opportunity ! 30min Chart Alert !!! --Buy above =92.30 --Target = 95.40 and even more --Stop-loss = 91.05 --Lot Size = 5700 --R:R = 1.84 --Expected Profit = 16,000 ₹ per lot ( 4.50% ) Technical Reasons to trade :- 🧢 1) ioc has formed ascsending triangle 2) Volume is good at the time of breakout 3) multitime frame is bullish 4) target is...