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DELHIVERY : OPPORTUNITY TO ENTER INTO 3rd WAVE OF TREND REVERSALDelhivery Ltd , India's Popular Supply Chain and logistic company , with a Market Capitalization of More than 24,000 Cr seems to be ready for a reversal trend. Since , Jan 2023 , it is making support for the second time now. Going with the Elliott Wave theory , as shown in the chart , the stock is entering into the 3rd Wave of the uptrend , which is supposed to be the longest of any wave . The stock seems to be moving in channel also as shown in the chart. As the stock has shown some improvement from its lowest ever price, and RSI is crossing 50 from below , therefore the probability of trend reversal is high. For swing traders, it is the best time to enter the trade and making the latest support as base. We can see stock moving to at least three targets as shown in figure of 355.90 , 375.20 and 390.50. The second swing that is 321.30 would be our STOP LOSS , CMP is 337.10. Hence we have a risk reward ratio of 1: 3.5 . Please remember , this research is only for educational purpose and one must do their own research too before making any trade. Trade at your own risk. Best of Luck !!!
NSE:DELHIVERYLong
by chakraveer1104
9
INFOSYS : MILLION DOLLAR STOCK TO KEEP AN EYE FOR MED TERM HOLDOne of the Most Prestigious Brand of Country Infosys Ltd a high Value stock to be kept on radar for next two or maximum trading sessions. The stock is near its 52 Week low and at Support level of the Channel it is respecting since April 2022. CMP is 1389.20 and after rising from the demand Zone , it was moving in a range and then declined sharply today. However, price invalidation can be seen in today's trading as the fall in price is not in proportional to the Volume. Must be an affect of Weekly Expiry or affect of the news Infosys was into today. I believe it is just retesting the support at 1365.80 and will bounce back from the Demand Zone. RSI : 40.05 ( Low ) is also indicating a buy signal. We must enter the trade after retesting of the support is completed and we see a buying signal. Thus ,the stop loss will be the least i.e. support @ 1365.80 and the long term target would be the Supply Zone which is @ 1663.50 Kindly refer to the Chart for various analysis along with Targets and Stop Loss . I will update the idea once the stock retests the support and indicates buy Signal. However, the above analysis is not for actual trade. It is only of educational purpose . Please carry out your analysis on this idea and trade at your own risk. Do not forget , STOP LOSS IS MUST !!! Good Luck !!!
NSE:INFYLong
by chakraveer1104
Abbott India Limited : DONT MISS TO CATCH THIS FISH !!!Abbott India Limited is an India-based company that is engaged in pharmaceuticals business , seems to be out of retracement phase now. It is retesting the Support line and may break the Triangle Pattern formed by Support and Retracement lines. The Chart is supported by two EMAs and RSI is also only 38.85 . Break out will give you targets of 21340.85 , 22395.65 and 23736.35 . Stop Loss is 19931.20. Bingo !!! Hope we see breakout on 25.02.2023 Boost my analysis if you like this idea.
NSE:ABBOTINDIALong
by chakraveer1104
3
LINDEINDIA : STOCK WITH QUICK MOVEMENT IN NEXT FEW DAYSLinde India Limited is an India-based industrial gases company. The Company operates through two segments: Gases and Related Products and Project Engineering Division (PED). Hindering Around 52 Week High, we may see a new 52 Weeks high if uptrend continues. The Entry level is 3868 , but we have to ensure that the stock retests the support @ 3867.75. We may see stock reaching its first @ 4015.65 and second @ 4092.85 very quickly . However, resistance could be seen at the third level @ 4203.75 , and if we see break out at this level , we may certainly see a new 52 weeks High. Lets keep a watch if the stocks makes a new support at 3867.75
NSE:LINDEINDIALong
by chakraveer1104
Escorts Kubota Limited :LONG TERM TRADEEscorts Kubota Limited, formerly Escorts Limited, is an India-based engineering company. The Company offers solutions for agriculture, infrastructure and railways. The stock is in retracement stage on daily and weekly time frame forming a PENNANT PATTERN. The Pattern has been broken out a shown in the chart. The Fundamentals of Company are strong with a Market Cap of Rs 27,177 Cr and YOY stock yield of 13.77 % . Analysis on Weekly Chart : The technical indicators at current level are as under : CMP : 2107.05 MA20 : 2101.70 MA50 : 2083.82 MA200 : 2081.12 RSI : 57.47 crossing over MACD (12,26) : 6.97 ADX (14) : 28.98 ( Directional Strength - In range ) ATR (14) : 17.07 ( less Volatile ) The Targets are as detailed in the chart , and is a strong buy.
NSE:ESCORTSLong
by chakraveer1104
ASIAN PAINTS LTD: INTRADAY SETUP FOR WEEKMy Intraday Set up for Asian Paint for next few days. As discussed previously , the stock has just seen the reversal trend in upward direction , we must thus wait for opportunities to buy. On 15 min chart , the stock is currently in range as detailed in chart. Once the breakout is seen , we have the opportunity to enter the trade. The entry trigger will be the price action @ 2852.20 , leading us to various targets as detailed in chart. Each targets is preceded by some resistance . Hence , conservative traders may exit and re-enter the trade once the resistance is broken out. The technical indicators at current level are as under : CMP : 2825.55 MA50 : 2822.08 MA200 : 2801.62 ( Cross Over) RSI : 57.894 crossing over ADX(14) : 17.682 ( No Directional Strength - In range ) ATR (14) : 5.18 ( Less Volatile ) One must enter the trade only after the Breakout , and conservative traders shall wait for price action. Good Luck !!! Suggestions are welcome .
NSE:ASIANPAINTLong
by chakraveer1104
AMBUJA CEMENT INTRADAY SET FOR 21.02.2023So , here I share with you the strategy for Intraday Trading for AMBUJA CEMENT . On daily time frame the Stock with CMP as 352.45 has already entered the reversal pattern and has potential to go trend up till 595. On lower time frame , i.e. 15 Mins , the stock is in range. If Stock Breaks this range , as detailed in the chart , we can enter the trade with different entry levels and targets. Remember , the Chart has just entered the uptrend and thus we shall only look for the opportunities to buy. Our First Condition to enter the trade is Break out @ 356.75 Technical Indicators on 15 mins candle : CMP : 352.45 MA50 : 350.07 MA200 : 352.31 ( Making Golden Cross Over) RSI : 55.62 ADX(14) : 24.26 ( Directional Strength ) ATR (14) : 2.6 ( High Volatile ) To understand Market Structure at daily frame, please refer to the link. Share your Views and boost my idea if you agree :)
NSE:AMBUJACEMLong
by chakraveer1104