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Weeklyanalysis

Long Setup in Mahindra &MahindraA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:M_M Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Flag and Pole Technical Indicator :- Positive MACD Crossover
NSE:M&MLong
by raigvivek
Long Setup in Force MotorsAn On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:FORCEMOT Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- On-Neck Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:FORCEMOTLong
by raigvivek
1
East india hotel-Beautiful IVHS patternEIHOTEL has beautifully formed an inverted head and shoulder pattern in weekly TF with neckline being an important supply zone of 200-210. The stock has given a weekly closing above this zone and is looking ready for a breakout. It can be added on dips upto 195 with a SL of weekly closing below 184. ATH level of 227 might prove as a minor resistance before a bigger upmove. Keep this stock on watchlist as hospitality stocks like ITC, Chalet hotels, Indian hotels have already started the uptrend. Please note that idea is shared only for educational purposes and should not be taken as a recommendation!
NSE:EIHOTELLong
by chartistamey
PROBABLE WEEKLY INVERTED HEAD AND SHOULDER BREAKOUT POSSIBLEA probable Inverted Head & Shoulder Chart Pattern Breakout will happen on the weekly Time frame of NSE:WOCKPHARMA Price Action nees to be supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only after successful breakout confirmation. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:WOCKPHARMALong
by raigvivek
31 Aug ’23 Post Mortem on BankNifty Monthly,Weekly,Daily ExpiryBankNifty Monthly Analysis In the Aug month, Banknifty is down an astounding 3.73% ~ 1708pts vs 1.97% of Nifty50. Again telling the tale in advance, Banknfity has proved to be the real leading indicator during trending phases & reversals. On 24th and 30th Banknifty tried to exit the bearish hold but faced rejections. And unlike Nifty, BankNifty does not have a bearish channel - it has to fall a lot more to fit into one. BankNifty Weekly Analysis Between the last expiry and today BankNifty has fallen 406pts ~ 0.91%. Most importantly they got the closing right at the support/resistance zone of 44068. BankNifty Daily Analysis Today’s price action gave some boost to the option prices. You might have noticed almost all the OTM strikes had a swing range much higher than the closing price of yesterday. Imagine how a far OTM could have a higher pricing even when the markets are not moving against it. The fall of 505pts ~ 1.14% between the HOD to the LOD made perfect sense, but the last 30mts pull back (encircled in blue) esp. by HDFCBK made no sense at all. The volumes were also amazing and looked like some weight rebalancing. This pull back of close to 180pts ensured banknifty is not technically in a bearish zone but a neutral one. We did highlight the double top pattern formed on the 1hr chart yesterday, but its true impact is yet to be felt. Since BankNifty managed to close right at the support level of 44068, I dont wish to start the day tomorrow on the bearish side. First I need to get validation that the buying seen on HDFCBK was some positional or rebalancing one and not fresh longs. You definitely know by now how even HDFCBK single handedly can influence this index. I wish to go with a neutral view tomorrow and wait for the market to give its next clue.
NSE:BANKNIFTY
by viswaram
5
IMPORTANT EXPECTED INTRADAY LEVELS FOR THE WEEKNSE:BANKNIFTY DISCLAIMER: DO NOT CONSIDER THIS ANALYSIS AS AN INVESTMENT OR FINANCIAL ADVICE.THIS ANALYSIS IS MADE FOR EDUCATIONAL PURPOSE ONLY. We have seen Banknifty in a bearish mode since past three weeks and there might be a probability that it can provide us some bullish movement this week. There is a good opportunity for Bulls to enter from the lower levels. Since we know that market movements are based on probability so we need to be prepared for both bullish and bearish movements. Keeping that in mind i've marked all the Probable bullish as well as bearish movements for the week. I will keep this post updated throughout the week and if i find some important pattern or levels during the day i will update it in the MIND section, do subscribe to keep yourself notified with the latest updates.
NSE:BANKNIFTY
by prachitv1
Tata Elxsi Well Tested Inverted H&S A breakout of an inverted Head and Shoulder pattern on the weekly chart of NSE:TATAELXSI has been retested. One can look the charts and take the tradi as per their risk apetite. Exit the position if the stop loss is triggered on WCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME and hit the small plane icon. I AM EAGERLY WAITING FOR YOUR COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:TATAELXSILong
by raigvivek
2
PostMortem on BankNifty Today & Analysis of 28 JUN 2023Quarterly Analysis of BankNifty — 31 Mar 2023 to 28 Jun 2023 Banknify gained an impressive 4412pts ~ 11.05% in Q1 FY2023–24. During this process it took out 11 crucial resistance points to finish at the ATH. The upmove was quite strong till 15th May after which BN started trading sideways. Status quo changed on 27th when it broke through the final resistance point of 44068 paving way for an ATH record break today. --- Monthly Expiry Analysis Banknifty — 26 May 2023 to 28 Jun 2023 BN gained 1.64% ~ 716pts in the current month. Basically on 29th May it hit the ATH level and from there we had 2 resistance rejections & 2 support rejections. -- Weekly Expiry Analysis Banknifty — 23 Jun 2023 to 28 Jun 2023 BN rallied 1.54% ~ 671pts in the current expiry week. Of this 100% of the gains came between yesterday and today. Prior to that BN was looking weak and was heading to the support area. The sentiment change lifted BN to break through. -- Daily Analysis BankNifty Most of the hard-work was done by the Gap-up opening. Out of the total 0.47% gains, 0.4% gain came via the gapup. BN was just maintaining its cool today and did not try to do anything foolish. N50 was rallying very strongly, BN just utilized that momentum to finish with a new ATH. The chart indicates a steady rising pattern, unlike the usual BN where we have lots of wild swings. Notice the 3 green candles between 14.15 to 14.25 — thats when the ATH was taken out. After that we did see some profit booking plus monthly rebalancing outflow/inflow adjustments by Mutual Fund houses.
NSE:BANKNIFTY
by viswaram
Profiting from Breakouts: KPR Mill SpotlightOn Daily Chart there is a very good breakout , retrace and again breakout on KPR Mill with a small stop loss of 575 CMP 604 can expect 1st Target 685 2nd Target 766 KPR Mill fundamentally strong company The company has shown a good profit growth of 36.22% for the Past 3 years. Company has been maintaining healthy ROE of 25.70% over the past 3 years. Company has been maintaining healthy ROCE of 28.78% over the past 3 years. Company has a healthy Interest coverage ratio of 74.15. The company has a high promoter holding of 74.78%. The company has a strong degree of Operating leverage, Average Operating leverage stands at 9.68 One of the Best combination of technical and fundamental " Please do your own analysis before take a trade"
NSE:KPRMILLLong
by Hussain_369
Trendline BrekaoutHere is a Government Company. now started moving after making a base in a weekly time frame. Its been in the range Since 2017 and has also passed the Covid Crash and even then respected the same levels. It started its rally back then in 2014 and continued till 2019 and since then it is consolidating at the same level. It has started moving after taking its previous support i.e. 200, But was not giving breakout of its short term downtrend line since 2019. Now it has given a breakout with a bullish candle and hence can be traded. Entry - At the same level i.e. 230 Stop Loss - At the last swing i.e. 210 Reward - there is ling term resistance at 270. (One can check the price action there as it may give a breakout this time.) #keep learning *This is a swing trade and can take 1 month to 3 month time.
NSE:PETRONETLong
by rohitbansal1212