Trednanalysis
Zeel Possible Trendline supportThe stock can take support at the trendline support wait for a reversal pattern and then take the entry
we try to look buy for the upcoming week
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
ITC: A Bearish Trend"
TECHNICAL ANALYSIS OF NSE:ITC
The LAST CLOSE PRICE of NSE: ITC is 206.05. The PARABOLIC SAR is showing the SELL SIGNAL with TREND as DOWN TREND . The FIBONACCI LEVELS analysis shows that the CLOSEST FIBONACCI LEVELS is 0.236 at the FIBONACCI STOCK PRICE LEVEL of 204.95. From here, the Key Support and Resistance levels are SUPPORT 1 at 250.07, SUPPORT 2 at 210.15 with RESISTANCE 1 and RESISTANCE 2 at 201 and 197.25 respectively. The Key 50% FIBONACCI LEVEL stands at 210.15 which is the crucial Fibonacci Level determining whether the scrip will maintain the trend or not.
The STOC RSI has the values K and D as 42.9 and 55.46 respectively. At this level it the status is WITHIN OVER BOUGHT AND OVER SOLD RANGE. When we look at the Moving Averages, MACD is the crucial indicator to look into. With MACD VALUE at 0.61 and 8.82 at 0.44 along with HISTOGRAM showing values of 0.17, the STATUS is clearly SELL CROSSOVER NEARING IN.
The best indicator to determine the Trend Reversal is FISHER TRANSFORM and currently the values of FISHER and TRIGGER stand at 0.06 and 0.74 with UPTREND as DOWNTREND. A very important factor while making the investment is to see if there has been already too much of Buying or Selling, and that are we entering too late into the transaction or not. Thus, with WILLIAM's R% value at -0.7222 the STATUS is WITHIN OVER BOUGHT AND OVER SOLD RANGE.
No one wants to buy costly things, and thus always look for the bargain or appropriate price levels to buy things. Same applies to Stocks, however the only exception would be some Hot Stocks that one wants to have any price. Looking at this perspective, the P/E RATIO of the stock stands at 18.11 which signifies its Price Level to be AVERAGE.
>>> RECOMMENDATION is : SELL."
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Man industries gave a breakout in monthly timeframeHey folks !.
Support zone and resistance zone already plotted
Gave breakout from monthly trendline
Take your trade accordingly. It is just my idea.
Company profit has increased in year 2021 but has low mutual fund and fiis holding.
Fundamentally it look little bit risky to me but technically standa strong.
Gave a like to boost my confidence.
Thanks!
Alkem lab Ltd - Weekly BreakoutAlkem Lab has given a very good bullish signal and a breakout from the parallel channel pattern trap (August 2020 - June 2021) for past 11 months
Its a good stock for a short term trading
The Stop Loss for any conservative trader is 3028
The Target is 3678
After reaching our target, trail your stop loss to get maximum profit from the stock in a single trade
🔴DISCLAIMER
***** Its just for an educational purpose and so you must also follow your own technical analysis too ******
View for BANK NIFTY on 31-05-2021Do not trade in between 35222 - 34965
Buy Above 35250 for the Targets marked on Chart
Sell below 34960 for the Targets marked on Chart
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS .
NIFTY DIWALI TARGET 19000On a weekly chart there is a flag and pole pattern forming from 11500 making a high around 15400 and then there was a sideways range from Mar to May mid. On a break out of 15000 around mid may it has opened a window to 19000 as previous pole measured is around 4000 (15400-11500). Target of 19000 should touch around October-November i.e Diwali time. Stop loss for this setup will be around 14500. However, only time will tell if this theory will come true or not. Keep stop losses intact and hedge on any of the trades taken on this setup or even any setup. But Nifty has turned bullish and this is one of the best time to turn bullish.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Powergrid weekly breakoutUnless 180 breaks the stock is in uptrend. Can target 300 - 350.
*****
Please support the effort & if you feel it deserving, do appreciate it with a Like and following me would only add on to the motivation.
I believe in keeping the chart simple for easy interpretation.
Kindly express any disagreement & improvements so that we learn & earn together.
Always keep a stop loss to rescue you out of troubles and trail the stop loss as the price rises.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Tata Power Can Go All time HighDaily Chart Pattern
Pattern Inside Pattern
Ascending Triangle Pattern
Zig Zag Pattern
Best Buy Above 105 After mini resistance
can go all time high or Near Resistance of all time high
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
ITCDaily Chart View
on the verge of supply zone
Strong Pull back Candidate
Taking Support on 200 EMA
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
VakrangeeDaily Chart Pattern
Positive Volume Buildup
Near to Crucial Supply Zone
PROS
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 48.65%
CONS
The company has delivered a poor sales growth of -24.43% over past five years.
Company has a low return on equity of 10.24% for last 3 years.
Earnings include an other income of Rs.71.36 Cr.
Company has high debtors of 729.15 days.
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Hindustan Copper LtdDaily Chart pattern
Flag Breakout
Reverse from Long term Resistance
Positive Volume Buildup
Can give good 20 to 30% Return in few days
PROS
Company is expected to give good quarter
CONS
Stock is trading at 12.16 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -3.91% over past five years.
Company has a low return on equity of -7.87% for last 3 years.
Company might be capitalizing the interest cost
Earnings include an other income of Rs.45.17 Cr.
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
Pullback completed in Nifty Energy Index.* Pullback completed in Nifty Energy Index.
*Inverted H & S pattern Breakout.
*Track this stocks from CNX ENERGY INDEX
Bharat Petroleum Corporation Ltd.
GAIL (India) Ltd.
Hindustan Petroleum Corporation Ltd.
Indian Oil Corporation Ltd.
NTPC Ltd.
Oil & Natural Gas Corporation Ltd.
Power Grid Corporation of India Ltd.
Reliance Industries Ltd.
Tata Power Co. Ltd.
Thanks for reading and kindly let us know if you have any questions!
EURNZD - SHORTThe counter EURNZD is traveling in the descending channel from 18th November. Therefore short is very suitable for this counter and the bearish trend will continue further. The price is moving even more downwards and it is expected to move until 1.6947.Till now there is no indication for a break out of the channel. If the price breaks the top line of the channel, then there may be a chance of trend reversal.
NIFTY makes new high | Next target 11500!Nifty - Technical Analysis:
-Nifty saw a good uptrend today and rose 1.23% ending at 11391
-Nifty saw some resistance around 11350 but took support at 11300 and bounced back
Market - Driving Factors:
-Banks, realty and metals saw bullish move as NIFTY REALTY rose 4.04%
-Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations.
-Rupee ends at 74.75 against dollar versus Monday's close of 74.89 per dollar.
Nifty - Outlook for Wednesday, 19th August:
Nifty was quite bullish today and finally broke a strong resistance of 11360, a small pullback can be expected before nifty continues its journey upwards
A new high was formed, The first target can be around 11500.