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Greaves Cotton Trendline Breakout after Taking Support Earlier NSE:GREAVESCOT today broke the Rising Trendline taking support beautifully near the convergence of 200 DSMA and Demand Zone Few Days Ago. The MACD is Strongly Positive. Today it Had a Huge Volume candle on the back of news of board approval of the subsidiary's IPO Greaves Electric Mobility (GEML). GEML's IPO will involve a fresh issue of equity shares and the sale of shares by some existing shareholders although IPO is subject to approval by GEML's shareholders. NSE:GREAVESCOT is primarily engaged in the manufacturing of engines, engine applications and trading of power tillers, spares related to engines, electric vehicles and infrastructure equipment. A Close above ATH will have a Fresh UPMOVE for a Swing Trade. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:GREAVESCOTLong
by Karanshah137
Finnifty Intraday Analysis for 27th December 2024NSE:CNXFINANCE Index closed near 23745 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 4.68 Lakh 23900 Strike – 3.59 Lakh 23800 Strike – 3.14 Lakh Put Writing 23800 Strike – 3.17 Lakh 23500 Strike – 2.49 Lakh 23700 Strike – 2.48 Lakh Index has resistance near 23900 - 23950 range and if index crosses and sustains above this level then may reach near 24150 - 24200 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
NSE:CNXFINANCELong
by RKMAURYA
Nifty Intraday Analysis for 27th December 2024NSE:NIFTY Index closed near 23750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 47.77 Lakh 23800 Strike – 40.96 Lakh 24900 Strike – 24.34 Lakh Put Writing 23800 Strike – 45.67 Lakh 23500 Strike – 27.12 Lakh 24000 Strike – 23.58 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 27th December 2024NSE:BANKNIFTY Index closed near 51170 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 10.74 Lakh 51500 Strike – 8.25 Lakh 52500 Strike – 6.27 Lakh Put Writing 51500 Strike – 8.44 Lakh 51000 Strike – 7.60Lakh 50000 Strike – 7.18 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Midnifty Intraday Analysis for 27th December 2024NSE:NIFTY_MID_SELECT Index closed near 12790 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 12800 Strike – 13.01 Lakh 12900 Strike – 8.24 Lakh 13000 Strike – 9.87 Lakh Put Writing 12500 Strike – 10.98 Lakh 12800 Strike – 10.11 Lakh 12700 Strike – 8.34 Lakh Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range. Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Camlinfine offers good Risk To Reward. Add to WL⚠️ HIGH-RISK, HIGH-REWARD OPPORTUNITY Stock: CAMLINFINE Time Frame: 🕒 Daily 🎯 Entry Strategy 📌 Entry Trigger: ₹133.6 (Wait for a weekly close above this level) 📈 Targets T1: ₹144.4 T2: ₹168.8 T3: ₹186.2 ATH Potential: ₹231.39 🔻 Stop-Loss (SL): ₹111.7 (16% risk) 🔍 Technical Highlights 📐 Trendline Breakout followed by a healthy consolidation. Formation of a ☕ Cup & Handle pattern—indicative of bullish momentum. 🔄 Inverse Head & Shoulders, signaling a potential trend reversal. ⚠️ Risks to Consider Weak fundamentals, with poor ROE and ROCE. Volume needs significant improvement for sustained momentum. 💡 Why This Could Work If this marks the start of a trend reversal, the potential reward is substantial. However, this is a high-risk bet, so position sizing and risk management are absolutely critical.
NSE:CAMLINFINELong
by sagartharayil
Himadri Speciality Chemical Ltd. Himadri Speciality Chemical Ltd. is a leading player in the chemical industry, primarily engaged in the manufacturing of carbon materials and chemicals. Profitability: The company's profitability has been on an upward trajectory, with significant growth in net profit margins and overall financial stability. Technical Analysis: On the technical front, Himadri Speciality Chemical Ltd. is exhibiting a Head and Shoulders pattern on the daily time frame, indicating a potential target of 670++
NSE:HSCLLong
by Vikrant_Mighty
3
Nifty Intraday Analysis for 26th December 2024NSE:NIFTY Index closed near 23730 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 119.13 Lakh 23800 Strike – 77.03 Lakh 24900 Strike – 56.41 Lakh Put Writing 23500 Strike – 92.01 Lakh 23700 Strike – 66.12 Lakh 23800 Strike – 60.35 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 26th December 2024NSE:BANKNIFTY Index closed near 51235 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 6.81 Lakh 51500 Strike – 5.83 Lakh 52500 Strike – 4.08 Lakh Put Writing 51500 Strike – 6.66 Lakh 51000 Strike – 5.77 Lakh 52000 Strike – 4.90 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 26th December 2024NSE:CNXFINANCE Index closed near 23740 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 3.14 Lakh 23800 Strike – 2.67 Lakh 23900 Strike – 2.22 Lakh Put Writing 23800 Strike – 2.36 Lakh 24000 Strike – 2.29 Lakh 23500 Strike – 2.28 Lakh Index has resistance near 23900 - 23950 range and if index crosses and sustains above this level then may reach near 24150 - 24200 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 26th December 2024NSE:NIFTY_MID_SELECT Index closed near 12755 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 12800 Strike – 12.51 Lakh 13000 Strike – 9.48 Lakh 12900 Strike – 8.03 Lakh Put Writing 12800 Strike – 6.65 Lakh 12700 Strike – 4.97 Lakh 12600 Strike – 3.79 Lakh Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range. Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Trading Idea for Nuvama!📊 Technical Setup: The stock is in an uptrend, respecting the rising trendline (📈 marked with arrows). EMA indicators (20, 50, and 200) are well-aligned ✅, confirming a bullish bias. The price has recently bounced from the trendline support, showing strong buying interest 🛡️. 💡 Entry Point: Buy Zone: Around ₹6,800–₹6,850 (current levels) 📍, aligning with the trendline and EMA support. ⛔ Stop-Loss: Place a stop-loss below the recent swing low at ₹6,730 ❌. This level invalidates the setup if breached. 🎯 Targets: Target 1: ₹7,100 (near the previous resistance zone) 🥇. Target 2: ₹7,400 (higher resistance zone, aligning with the rectangle breakout zone) 🥈. ⚖️ Risk-to-Reward Ratio: For an entry near ₹6,850 with a stop-loss at ₹6,730: Target 1 (₹7,100): Reward = ₹250 → Risk-to-Reward = 1:2.08 ✅ Target 2 (₹7,400): Reward = ₹550 → Risk-to-Reward = 1:4.58 ✅✅ 📌 Logic: The uptrend is supported by multiple trendline bounces 🔄, indicating strong demand. Price has held above the 50 EMA 📐, a sign of sustained bullish momentum. Volume spike near the trendline suggests institutional buying 💰. ⚠️ Caution: Avoid buying if the price closes below ₹6,730 🚨. Keep an eye on overall market sentiment 🌐, as external factors can influence stock movement.
NSE:NUVAMALong
by piyushr401