Trend Line Break
NIFTY IT Sector Analysis (1W TF) - 16th December 2023#NiftyIT Sector Analysis (1W TF)
Pattern: TRENDLINE BREAKOUT
- Breakout of Resistance - Done ✓
- Major Resistance Breakout - Done ✓
- Retracement & Consolidation - In Progress
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LIChsgfinance showing reversal signsHousing finance sector is looking very positive considering the tapering effects of recession and inflation data.
PNBHsg finance has already skyrocketed post breakout.
Lichsg finance is a good fundamental stock which is looking a good positional trade. This idea is not a recommendation and is shared only for educational purposes.
You can also study stocks like aptus hsg finance, ibull hsg finance, HUDCO which are showing similar trend.
MidCap is at the crucial point. It's a (Tug of War)1) Followed by the SmallCap, MidCap is also under the strong selling pressure.
2) Currently It took the support at the trendline. If It breaks down the level of 45600 & closes below the trendline then It will lead to another 4.5% fall.
3) There's a Probability that MidCap may bounce from it's current level and lead the next uptrend.
NIFTY DAILY - 13/3/2024Nifty open with gap up opening and bulls didn’t survive in the market and bear took control and made days low that is 21905 level.
Nifty has broken the trend line support and formed a red big candle with upper and lower shadow.
MACD is giving Crossdown.
90% of the candle is below the 9 days Exponential Moving Average line.
Index has broken the support level which was 22272 so, further support will be 21791 level with resistance of 22115 level.
Today’s Advance Decline ratio of NIFTY50
Advance - 6
Decline - 43
FII Sell – 4595.06 crore
DII Buy +9093.72 crore
⚠️ Important: Always maintain your Risk & Reward Ratio.
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BREAKOUT, HINDUSTAN COMPOSITES, 80% RETURNS!!!BUY - HINDUSTAN COMPOSITES LTD
CMP - Rs. 428
Target - 1: Rs. 549
Target - 2: Rs. 674
Target - 3: Rs. 769
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Timeframe - 4 months - 12 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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BREAKOUT, ANDHRA PAPER, 84% RETURNS!!!BUY - ANDHRA PAPER LTD
CMP - Rs. 532
Target - 1: Rs. 674
Target - 2: Rs. 823
Target - 3: Rs. 980
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Timeframe - 4 months - 18 months
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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BREAKOUT, SUNTECK REALTY, 62% RETURNS!!!BUY - SUNTECK REALTY LTD
CMP - Rs. 475
Target - 1: Rs. 569
Target - 2: Rs. 680
Target - 3: Rs. 774
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Timeframe - 6 months - 18 months
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Technicals - Bullish Flag Breakout, Inverse Head and Shoulders Pattern, Cup and Handle Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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TVS Motors, Buy on Weekly charts!Price has broken out of a nice consolidation and if it does a minor retracement and then creates a strong bullish candle, it will be a good buying opportunity. Stoploss would be below the previous resistance and trailing stoploss can be below 20EMA. Alternatively ATR can also be used to determine trailing stoploss, it all depends on what you are comfortable with. That said, as usual, please pay attention to position sizing and manage your risk wisely.