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PSP PROJECTS: Trend reversal into buy territory in offing📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧 Company Overview: 🏗 PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private and public sectors, showcasing versatility and efficiency in its operations. Market Performance: 📉➡️📈 After a recent fall, PSP Projects showcased a commendable recovery, jumping 1.53% on February 2, 2024, closing at approximately 766.50, above the 0.5 Fibonacci level. This significant bounce could indicate a potential trend reversal and sustained buying interest. Technical Indicators: 🛠 Fibonacci Levels: Closed above the 0.5 level at 766.50, hinting at a trend reversal. Moving Averages: Successfully crossed over both the 50-day and 200-day moving averages on February 2, 2024, signaling a notable turnaround. EMA & MACD: Entered positive territory, indicating bullish momentum. Parabolic SAR: Emitting a buy signal. MACD: In the buy territory with MC at 0.88 and signal at -1.45, histogram at 2.33. RSI: At 75.87, above the upper band and showing bullish momentum. %R: Trending upward, indicating strength. Fisher Transform: Indicates a buying crossover, showing strong support for the upcoming days. Entry Levels: 🎯 Aggressive Investors: Entry at 772.00. First target at 784.05, with a second target of 789.10. Conservative Investors: Consider entering at 776.00. Target and Stop Loss Levels: 🎯 Target 1: 784.05. 🎯 Target 2: 901.35. 🎯 Target 3: 817.50. 🎯 Stop Loss: 756.15. Market Outlook: 🌤 PSP Projects' recent performance, coupled with positive technical indicators, suggests a promising outlook. If the broader market opens positively in the week starting February 5, 2024, and PSP Projects follows suit, it could mark the beginning of a long-term bullish trend, provided macro and micro factors remain favorable. Caution: ⚠️ Given the stock's history of volatile swings, a strong trade above 776 is crucial for confirming its bullish potential. Disclaimer: ⚠️ This analysis is for informational purposes only and is not financial advice. Investors should perform their own research or consult a financial advisor before making investment decisions. Market conditions can change rapidly. #PSPProjects #TechnicalAnalysis #ConstructionSector #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:PSPPROJECTLong
by finogent
MOLDTE'CH: Short term bullish trend reversal ahead of earnings r📊 NSE:MOLDTECH Technical Analysis - February 2, 2024 🏭 Company Overview: 🔍 Mould Tech Technologies specializes in providing comprehensive engineering solutions, including structural engineering, mechanical engineering, and IT services. The company's expertise in delivering high-quality services positions it as a key player in the engineering sector. Recent Market Performance: 📈 On the last trading day, February 2, 2024, Mould Tech experienced a significant price jump of approximately 2.8%, closing at 277.00. This move has brought the stock close to the 0.382 Fibonacci level, a critical point indicating potential upward momentum. Technical Indicators: 🛠 Fibonacci Levels: The stock is nearing the 0.382 level, hinting at a bullish momentum. Moving Averages: Crossed over the 50-day moving average from bottom to top, currently at 272.46, while the 200-day moving average stands at 300.96. This crossover suggests a potential short bull run. Parabolic SAR: Issued a buy signal on February 2, 2024, indicating the start of a bullish phase. MACD: Showcases a buying crossover, with MACD at -1.02 and the signal at -1.45, supporting the buying trend. RSI: Trending upwards in the mid-range, indicating a positive buying wave with a K value of 68.52 and a D value of 58.37. %R: Positioned in the mid-price band but trending upwards, suggesting growing strength. Fisher Transform: At a value of 0.70 with a trigger at 0.18, indicating a trend but still in the middle of the band. Market Outlook & Strategy: 🌟 With the broader market's support, Mould Tech is poised for an uptick, with a first target set at 287.00 (0.618 Fibonacci level) and a second target at 294.05 (0.00 Fibonacci level) . An aggressive stop-loss strategy is recommended at around 261.15, considering the stock's potential volatility ahead of its earnings report on February 9, 2024. Entry & Exit Points: 🎯 Entry Point: Positive opening on February 5, 2024, may signal a buying opportunity, especially if EMA and MA crossovers occur. Target 1: 287.00. 🎯 Target 2: 294.05. 🎯 Stop Loss: 261.15, to protect against unexpected downturns. Considerations: ⚠️ Investors should monitor the stock's performance closely, especially with the upcoming earnings report. The stock's past volatility requires a cautious approach, despite the bullish indicators. Disclaimer: ⚠️ This analysis is for informational purposes only and not financial advice. Market conditions are subject to change, and investors should conduct their own research or consult a financial advisor. #MouldTech #TechnicalAnalysis #EngineeringSolutions #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:MOLDTECHLong
by finogent
Mphasis Forms Head and Shoulders Pattern: Time to Take NoticeThe stock, Mphasis has recently developed a Head & Shoulders pattern, signaling a potential trend reversal. Traders should exercise caution and consider implementing proper risk management strategies. On the chart, clear indications for stop-loss and two target levels have been outlined. Please note that this information is not financial advice but a market observation. Always trade responsibly and make decisions based on your analysis and risk tolerance."
NSE:MPHASISShort
by iamrk7
#NURECA - Seems like A big move is comingDisclaimer - Not a buy or sell recommendation, only for educational and learning purpose. Do your own research before putting your money into it. #nureca ltd seems to be bottomed and now accumulation is almost over. Perfect buy zone should be above 480 if weekly price closes above or at that level. Moving avgs are squeezing and now 10MA is above rest of the MAs(20,50,200). RS indicator is moving upwards, and should be above 0.00 soon. Target 1 - 589-590 Target 2 - 787 Target 3 - 1000-1140
NSE:NURECALong
by iamastudent
YOUR NEXT MOVE?So well NIFTY is currently trading at 20068 points with -BIG Support levels at 1.19207.75 2.18832.75 -Resistance levels at 1.19877 2.19983 3.20228 The index well is near its highest resistance level that is 20228 which was actually achieved because of the G20 summit that was held in india that had crossed resistance levels at 19983. Now looking at the RSI levels we can determine that the index has used up all its strength and energy at 82.07rsi levels which was the previous RSI resistance level. What we can conclude through this is that nifty wont be crossing nifty levels of 20228 and will start its downward journey because of lack of power it needs to be in a upward trend. Well Nifty could be seeing levels as low as 18832.75 to 19207.75. Well for my trade in options: -Expiry- 28 DEC -Strike price-19550 . -PUT SELL
NSE:NIFTY
by nimayprabhu
SAREGAMA looks good for investment for medium to long termThe recent price action of this asset has signaled a significant shift in market sentiment. After a prolonged downtrend, it exhibited a notable uptick in buying interest, successfully breaching the previous lower high of the downtrend. This breakout strongly suggests the initiation of a potential trend reversal. In addition to the promising technical indicators, the company's fundamentals also appear robust. It has demonstrated impressive growth in annual net profits, and the current-year profits have already surpassed the previous year's figures, showcasing a noteworthy performance that underscores its strong financial health and growth prospects.
NSE:SAREGAMALong
by anuragAnand321
Base formation is seen in Ideaforge.Reversal trade for educational purposes Ideaforge has been in a downtrend since its listing. However, stock has formed a short term base. 780-840 is a good accumulation zone. Breakout above 840 might be a sign for reversal. RSI positive divergence is clearlyseen in the stock Targets can 960, 1000, 1050+ with SL below 780 DCB. However, there is no guarantee regarding long term reversal hence traders should trail their SL to reduce loss.
NSE:IDEAFORGELong
by chartistamey
Better Targets Downside37388BTCUSD BTCUSD currently trading around 27388 BTCUSD took support at the green line reversed its movement to the opposite direction but there is not much space to move as there is a minor resistance marked with blue line if BTCUSD crosses the blue line then it may move towards its resistance zone at 30021. According to me the trade will be more profitable if it breaks its support at 26535 and retest its support as its resistance then it may give better downside move in upcoming days. The above analysis is given on the basis of levels marked keeping other factors constant. Please do write me your views on this or any thing that you would like to add on the above analysis. This analysis is solely for the educational purpose please consult your financial advisor before investing.
BITSTAMP:BTCUSDShort
by confidentHeron57603
1
GMMPfaudler- Big move on the cards?GMMPfaudler was on my watchlist from past couple of months because of its beautiful consolidation after a fall. Recently, the company has announced good Q1 results due to which a breakout was seen in the stock. It was followed by some profit booking. On friday, the stock gave a gap down opening due to news(GMM selling stake in the stock) followed by a huge buying momentum. It seems like the gap down was a SL hunting move for the breakout buyers. The chart is looking very strong at CMP for minimum target of 1750 and 1970. SL can be below 1400 DCB which is a strong demand zone. However, since its a news based stock, the risk associated is higher. Please note that I am sharing this idea only for educational purposes. One can study and observe the chart as it could be a very beautiful example of how a big move is always preceded by SL hunting.
NSE:GMMPFAUDLRLong
by chartistamey