EMSLTDEMSLTD seems good to go long. As it rebounced from support zone. Also shown lesser participation while going down. This confirms the trend change!
Trendchange
Is This Upward Move Built to Last?Strong closing in Nifty on Friday at 23900+ level.
We should see a strong gap up post Mahrashtra state elections results !
Expecting Nifty to give a gap up opening !!
We should see a gapup and a small sell off / profit booking post which Nifty should settle around 24100 level for any further upside move.
Nifty Resistance : 24200-24500.
More upside will be only above 24500.
Bank Nifty Resistance : 51400-51700-51990-52150.
Support : 51150-50700.
TREND CHANGED IN NMDC - FROM BUYING ON DIPS TO SELL ON RISE ?NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
This PSU stock has given great returns to investors as well as traders in last one year.
Although there exists so many positive talks about NMDC's volume growth, sales growth & capacity enhancement etc. which are fundamentally good but I think trend is changed in NMDC.
This stock was buy on dips since May-June 2023 but right now as per technical chart & price action, I think trend is changed from buy on dips to sell on rise.
I will find opportunity to sell it on each rise until it breaks 235-240 level.
So, Is it still buy on dips or has become sell on rise?
Only time will tell!
P.S. : This stock is on my main watchlist for a short trade.
Nifty Trading Plan for Monday Nifty End of Day Analysis Helps Traders to Understand the Nifty sentiment and Identify Potential Trading Opportunities for the Next Trading Day in Nifty future or Nifty option
Nifty Supports
Nifty Support 1 - 21930
Nifty Support 2 - 21830
Nifty Support 3 - 21730
Nifty Resistance
Nifty Resistance 1 - 22050
Nifty Resistance 2 - 22130
Nifty Resistance 3 - 22250
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 1.09 ( Bullish)
Max Pain As per Option Chain Analysis - 21850
Major Resistance as Per Nifty Open Interest Analysis - 21100
Major Support as Per Nifty Open Interest Analysis - 21700
Long Opportunity in Nifty Trading
As we Know Nifty is in a uptrend, Next week First Buying opportunity will be above 21910 /21830 and Dont Buy Below 21700
Short opportunity in Nifty Trading
If nifty Sustain below 21910 then try to Short nifty or buy nifty Put option Contract keep a small stop loss
If you Like our Trading Plan Please Like and Share
Engineers India ltd chartA multi year breakout is happening in Engineers India Ltd chart. Breakout of almost 13-years.
VOLTAS - Coming out of consolidation after retestThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself.
After breakout, a major resistance becomes major support.
When price reverses from major support and breaks above major resistance zone, it signals towards a major trend change towards upside.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
BN creates pattern creating pattern on daily, hourly and on 15 min can create a bullish move in coming days.
Asahi India TrendChange BreakoutAsahi India Glass Ltd. (AIS) is India’s leading value-added and integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. Established in 1984, It was formed as a Joint Venture between The Labroo Family, Asahi Glass Co. of Japan and Maruti Udyog Ltd (now Maruti Suzuki India Ltd).
AIS provides end to end solutions in the entire glass value chain - from the manufacturing of
float glass, processing, fabrication to installation services. As a sand-to-solutions company, AIS
offers varied types of glass products and services to its customers in India and across the globe.
Indiabulls Real Estate- TrendChange Breakout Case StudyThe Co. has a presence in residential real estate development from Affordable to Premium & Uber-luxury space. It mainly focuses on the construction and development of residential, commercial and SEZ projects across the Indian metro cities. Geographically, the Company’s strategic focus is in key markets of MMR and NCR Region.
BHEL- Trend Change Breakout on Short Term ChartsBharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence. It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.
SAIL- Trend Change BreakoutNifty Metal Index has already given a breakout and now SAIL too has given a breakout
M&M level to watch...M & M made a good move today. From now, I am looking into the major line in M & M above 888. Price action wise, it's a fib 0.5 line.
exactly where it faces resistance today look 15m T.F. The month's high is 870.Let's see how it is going to respect the zone.
BANKOF BARODA 1WEEKBANKOFBARODA in weekly timeframe trendline break, and ready to change the trend, also make cup and handle pattern, and ready for breakout......
RISKY TRADE - BUY YES BANKBUY YES BANK AT CMP & ACCUMULATE UPTO 11
Presently in clear bearish trend. Trend Change expected only on decisive closing above 14 on Closing basis for Targets of 16, 18, 20++
SL 9 on Weekly Closing basis.
PS: Invest only that amount which you can afford to loose.
Disclaimer: All Charts are for educational purpose. Please consult your financial advisor before investing.
Amber Enterprises - Volume Analysis (RR 1:5)Excellent chart, stock suggested by @ravihit957
Seems to be making a good base.
Can be bought once it closes above pin bar and 20VWMA (2833). Can be added more when it closes above the Down Trendline, 20SMA and S/R level marked as TGT1 (2950-3000).
Wherever you buy, keep a strict SL of 2682.
Note: I reserve the right to be wrong.
DISCLAIMER:
I am not a SEBI registered analyst. Please consult your financial advisor before investing.
Info edge long analysisIt could breakopen the down trend anytime soon. Having support at daily rsi 40 too.
SIS Breakout AheadSIS showing good momentum may break 470 level for further upside.
recent swing high on weekly chart has broken.
support at 435 and resistance at 470 on weekly chart.
RSI is above 60.
it has to sustain above 450 for this week.
Good volume seen on past few weeks.
Sanofi India breaking out beautifully. Sanofi India has broke its resistence levels .First Possible Targets 8900-8950. Sl 8240 on daily closing basis.
Boschltd -At critical levels.Good for medium term Investing. Investment idea for 3-6 months .SL 13000 on DCB.
Jagran Prakashan Trend changeJagran Prakashan is taking support on Monthly and has moved out of the weekly downtrend.
DBCORP Trend ChangeDBCORP has broken out of the weekly downtrend and seems to be setting up for a positive move
