Reliance Long opportunityNSE:RELIANCE
Stock -> Reliance
TimeFrame -> Weekly
Hello all!
Reliance has been traveling in a channel. It's now back at its lower channel trendline which makes for a good opportunity to go long.
There are multiple factors that further strengthen my conviction:
1)Presence of a support zone
2)Support from 50 week EMA
The Reward to Risk Ratio also seems favorable
*NOT A CALL*
Trendanalyse
TATA STEEL: POSITIVE TRENDNSE:TATASTEEL shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 2: 1342.35
Target 1: 1320.35
Stop Loss: 1263.20
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.
COLGATE-PALM INDIA: UPWARD TRENDBSE:COLG1! shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 1663.55
Target 2: 1726.00
Stop Loss: 1546.55
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. BSE:COLG1!
Nifty Forecast For Today | Neowave ForecastNSE:NIFTY
Hello Traders
We have come up with new feature from this week, we starting intraday forecast for both nifty and banknifty. In this chart i have added short term degree which will help you in finding out medium term degree direction.
As all of you know if you have watched my video or chart how to read neowave chart. you will know that every neowave structure is made up of smaller structure for example M series is made up of S series and L series made up of M series.
Just see the below chart example here for this purpose.
Now lets compare our medium chart and short term chart for you.
This is an medium chart of nifty which i published few days back in this i indicated of MC-4 wave finishing near that area, but it will be only activated if price goes above the line 17663 i have indiacte this with an arrow.
But now i have added and short term degree count which with you can find out medium degree structure is completed or not.
If anyone has anyquery related to this or any other chart. if you need anykind of help in trading please leave a comment. Like and share the idea if you love it.
Thank you everyone
Chambal Fertilizer - Cup and handleChambal Fertilizer:
Forming Cup and Handle pattern.
Breakout from previous high.
Technically the chart is showing strength, if today it breakout at close 515, then, as per the "cup and handle" pattern, a target 620 is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout. Kindly note the upper trendline too.
VARUN BEVERAGES: Strong upward trendNSE:VBL shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 1135.55
Stop Loss: 1028.30
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.
Playing Trend Linetrend line always gives you best risk to reword if made good entry
on 17march national aluminum given a good technical trade setup where price is over trend line and made hammer on trend line with conformation of same time hammer on 50days moving average and also here is a support level of 114 (drown red horizontal line)
chart already explaining every thing it self
Trend Line :-
Trendlines indicate the best fit of some data using a single line or curve.
A single trendline can be applied to a chart to give a clearer picture of the trend.
Trendlines can be applied to the highs and the lows to create a channel.
The time period being analyzed and the exact points used to create a trendline vary from trader to trader.
DWARIKESH SUGAR INDUSTRIES : Postive trendNSE:DWARKESH shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 170.80
Target 2: 150.80
Stop Loss: 138.40
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.
GODREJPROP - Head and should patternAll details are given on chart with clear explanation.
1. Godrej Properties was in the downtrend since Nov 2021 with LH and LL pattern.
2. Last LL was not taken out by following candles and formed Head and Shoulder pattern in the bottom which indicates trend reversal
3. Breakout happened but with not much impressive volume
4. Chart pattern looks very good and attractive
5. Overall Real Estate sector is in positive
Disc - Am not a SEBI registered. This post is only for educational purpose and do your own analyses before taking any position.