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Weeklyanalysis

Symmetrical Triangle Breakout in Nesco Symmetrical Triangle Breakout in Nesco Ltd. Stock has finally given breakout from its symmetrical Triangle pattern in weekly chart. Previously 625-605 was acting as major resistance, but now stock has managed to close above this zone with good volume. Going forward this should act as a good support if price retraces to its previous levels. Any price between 625-605 is a good price to enter. Stock has potential to reach 1000+ in coming days. Possible stop loss can be at 545. For further Strong upward movement, price has to close above breakout candle. All possible targets are marked on the chart. This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:NESCO
NSE:NESCOLong
by varun_devadiga
2
Ganesh Housing Weekly AnalysisBy this we get to know Importance of Technical analysis. 13 Years Channel Breakout Target 364. After that 2 times consolidated and again it breakout with strong buyers . Recently also same Thing happened and going towards it 13 Years Channel Target that is 364 Even though market is correcting this stock look very strong technically. Do your own analysis before taking any trade. This is just view not recommendation to trade. NSE:GANESHHOUC
NSE:GANESHHOUC
by varun_devadiga
9
Weekly chart analysis of ITC Stock is at important Supply Zone. For Upside rally stock has to close above 323 level and it has a potential to reach 400+ in coming weeks. Now, 265-275 Price range is very important demand zone. 250 will be the next major Support. 240 will be the ideal SL. We will update once the breakout is confirmed. This is just a view not a recommendation to trade. Do your own analysis before making any trade. Share your opinion in the comment section. NSE:ITC
NSE:ITC
by varun_devadiga
FMCG sector weekly chart analysis with stock explanationRecently if we observe closely, FMCG Sector is outperforming & helping index to move higher and higher, where it contribute nearly 8% of Nifty 50. In which ITC is having the highest weightage in the FMCG sector (nearly 30%) followed by HUL (24%), Nestle (7%) and Tata consumer (6%) respectively. Adding to this VBL is outperforming like anything, compare to other stocks in this sector, VBL Chart was really great. which contribute 2.5% to the FMCG sector. Britannia, Dabur, P&G & Colpal are the other important stocks in this sector. Keep an eye on these stocks for the coming days. As FMCG sector look very bullish & broke its 52 Weeks high and also 18 Oct 2021 weekly high in these recent weekly Chart. Which helped in forming double top pattern. In coming days if the price closes above 42000 level comfortably , then we can expect further bullish movement which has a potential to reach 50000 range in upcoming days. 39000-40000 range must act as important support Level, if price is unable to sustain in the present level. This is just overall view of FMCG sector. Not a recommendation to trade in any stocks, Do your own analysis before taking any trade. NSE:CNXFMCG NSE:ITC NSE:HINDUNILVR NSE:VBL NSE:NESTLEIND BSE:TATACONSUM NSE:BRITANNIA NSE:DABUR NSE:PGHH NSE:COLPAL NSE:MARICO
NSE:CNXFMCGLong
by varun_devadiga
SHAKTIPUMP to revers it's downtrend from strong weekly support.SHAKTIPUMP is has been in a downtrend for a long time. Now it has formed double bottom pattern on its strong weekly horizontal line support. Also is forming a bullish hammer candlestick pattern on weekly support line. This suggest that there is a strong demand for this share around this level. The stock has closed above the neckline of double bottom in hourly chart in the back of huge volume. It clearly shows strong buying interest. Swing traders keep this stock on radar and look to enter in dips. Swing traders may book their profit around downward sloping trendline. If it breaks that line then the stock will surely touch new highs in coming future.
NSE:SHAKTIPUMPLong
by sumedhb100
MSTC near DEMAND/SUPPORT ZONEAfter a big fall of nearly 130 points, MSTC is currently trading at/near Demand zone, we can also call it as support zone. Previously the same zone acted as a Résistance/Supply zone, which is indicated by red arrows, seen a strong rejection from upper level. After being in a channel for long time A strong Candle closing with huge volume can be seen in weekly chart. In bearish market we can see the price has respected the demand/support zone very beautifully and sustained over the important zone. In weekly timeframe we can see MORNING STAR Candlestick Formation on the Demand/Support zone which indicates the strong bullish Reversal after a downfall. Can go long for the given Targets of level 400 and 470 in midterm like 10-12 weeks. Go long with the Strict Stop-Loss of Level 320 (candle closing below basis). ABOVE POSITION/ENTRY/VIEW IS SUGGESTED ON THE BASIS OF DEMAND AND SUPPLY ZONE OR SUPPORT AND RESISTANCE ZONE. TAKE THIS STUDY AS A EDUCATIONAL PURPOSE, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE. THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
MLong
by Ankushkokane
Swing Trading Opportunities for W/B 4-10-21TRADING WATCHLIST FOR W/B 4-10-21 INTENT I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade plan. ON MY WATCHLIST FOR W/B 4-10-21 -- This is a weekly review of the available opportunities so my time frame for analysis moves from Daily to Weekly and from Hourly to Daily. Here are the likely candidates for the week - WEEKLY TIME FRAME- FOR LONG POSITIONS AXIS BANK BANDHAN BANK HDFC BANK BPCL BRITANNIA DIVIS LABS TATA CONSUMER TATA STEEL ULTRA TECH BOSCH AMARJA BATTERIES ATUL AUTO CGCL DALBHARAT GLENMARK HIND PETRO KANSAI NEROLAC LUPIN ORIENT HOTELS RAYMOND TRF TWL VOLTAMP SECTORS LOOKING GOOD FOR LONG POSITIONS- PHARMA BANK NIFTY MEDIA METALS PRIVATE BANKS PSU BANKS Ideally, the best candidate would be the one that features in both lists. I may / may not take these trades as not every opportunity should / can be traded. I believe that it is better to help someone learn the technique of selecting good scrips than giving tips - in any case, I am not SEBI regd so I do not have the authority as well to do so. In case you are able to spot the setup and the trade basis, please do share so that together we can learn. Thank you for your time and Happy Learning, Umesh 3-10--21 Disclaimer -- This post is shared for learning and educational purposes only and in no way acts as a recommendation. I am not a SEBI regd trader so please either decide your trades/investments on your own or consult your financial advisor before making any trades.
NSE:CNXPHARMALong
by AVENUESOFINVESTMENT