PNB looks good on chart and could be taken for long position for mid to long term and place SL below 124, and let the profit run
After a long consolidation and a complex corrective structure concluded at Apr'24 low of INR 995.7, stock prices have given very sharp up move. This suggests that stock is likely to give a breakout very soon and extend the gains towards INR 1250 in the coming days and week.
BankNifty Analysis - Stance Bullish ⬆️ BN also gets a stance upgrade to bullish, the momentum that was lacking till now came from sources we never knew existed. Kotakbank has a stunning 9.11% weightage on BN index and despite it being 10% down, BN managed to rally 886pts ~ 1.86% intraday today. BN managed to surpass the 48103 resistance which gave it the bullish...
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#BITCOIN Weekly Chart Analysis- As per CRYPTOCAP:BTC Weekly chart based Analysis of Parabolic Projections, already mentioned many times into previous posts, it is moving absolute perfectly and it will be into it's last Downtrend of Correction cycle around GETTEX:54K -52k upto May-June 2024. From July 2024 onwards, Bitcoin again Starts for their next Uptrend...
HSTECH has gone through a deep correction in last few years. My wave counts suggest that the bottom has been made and it's the beginning of the next leg up/ or at least a big enough pullback of the entire fall - in any case a good bullish trade. We have completed Wave 1 and 2 and Wave 3 has begun. Within wave 3, just minor 1 and 2 have been done and we are in 3...
Nasdaq has done really well in last 15 months - rallied 70% since Jan '23 and 30% since Oct '23. EW counts suggest that we are close to the end of a weekly impulse. There are 2 alternatives counts - however, my bias is with the blue one, which suggests that there is a correction around the corner. Reason is that there is a topping structure on daily...
Silver had a strong run up till 86k, after which profit booking was seen which brought it down till 83k. Now, pull back of the first wave of profit booking seems complete, which gives another opportunity to take a short trade.
Stock is in intermediate wave 5 of primary 3 and targets 290 (CMP 236). Its covered by only one analyst – Axis Securities(target 265), and the analyst has done full justice with his research and is quite a good effort on practical grounds. At 290, the stock will be valued at app. 25x FY25 earnings (around 40x TTM). Strong dealers network of over 800, capex focus...
Stock is progressing well on intermediate wave three of first primary of third cycle. Currently it is in minute wave (iii) of minor 5, which is targeted at 211 with confluence of targets of both. Target for intermediate wave 3 is 245 (towards first target of cycle wave at 270). It has also successfully broken out of larger TF supply zone with 4 daily TF candles...
BankNifty slightly varies from Nifty. We have a clear correctional variation: if the market sustains the gap-down, it may go into flat correction, reaching a minimum of 47853 to the 38% Fibonacci level. One more thing, if it finds support around 47853-50, then we can expect a range market, possibly reaching the previous high again. But there's no problem if it's...
Good morning, friends! Here are the directions for April 25th: The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a decrease of -70. Nifty had closed with consolidation in the last session. In this...
we delve into the dynamic world of growing stocks, providing valuable analysis and commentary on significant levels that traders need to keep an eye on. From crucial support and resistance zones to potential breakout points, we aim to equip you with the insights you need to navigate the stocks with confidence. Stay tuned for regular updates, technical analysis,...
self explanatory chart breakout with huge vol..+ retest at 30m t.f tgt 310 / 438 stop loss - 235 im not sebi registered kindly see this view as a learning material please consult your financial advisor before investing or trading
The stock seems to have entered the final wave 5 after completing wave 4. Buy on pullbacks and look for standard candlestick patterns for confirmation to have a better risk to reward ratio. Note: The SL & tgt are mentioned on the chart itself
1:5 risk reward , bullish opportunity on usdcad Tp and sl is marked at the chart Hope this helps
here 2 nd wave is flat correction. It seems it has completed its 3rd wave and fourth wave has ended at the center line of the base channel. 4 th wave appears to be zigzag. Up side targets are shown in the chart. In the negative sentiment prevailing it is very tough to have positive side for hdfc bank. stop loss is must here though it is nota trading...