Tradingideas
Long CENTURYTEXIn the last trading session, CENTURYTEX gave a breakout of the falling trendline and it consolidated before the breakout. MACD is positive and the structure is looking good.
Keep tracking it and try to tap good trade.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
NMDC Long 3 reasons for a positive outlook.
1- NMDC is trying to bounce back from the Fibbo 50% level.
2- Price has given the breakout of the falling trend line and trading above the breakout level.
3- MACD has turned positive after positive diversion.
It looks suitable short term trading with favorable RR ratio.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
VOLTAS PULLBACK (LONG TRADE ) NSE:VOLTAS
Reasons to go long :
1. Reversal from the golden reversal level of 61.8% fib level .
2. Trend Break + Retest Done
3.Very strong buying (bullish volume ) today (10-02-23).
4. Volume profile indicator showing no major resistance till 1000 lvl.
5. Q1-Q2 earning will increase ( summer months )
DLF shortDLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
Intellect stock to take long entryFlag patterns can be seen on the charts of intellect. But entry will be taken only after the BO of the resistance area above 575 with a small SL of 560 for the huge target of Rs 615-630 level. EMA above 200 again is a bullish sign. Entry taken above resistance will produce a good risk-to-reward ratio. This is for your educational purpose only.