As we discussed yesterday, Nifty traded in a sideways-bullish zone. If we look at the chart now: The market is trading in a Bullish sideways market zone. Price has taken support at 200 EMA, and it has also formed a double bottom, which shows the market is in consolidation mode. If it breaks the neckline, you can make a bullish entry after a...
EMAMI is breaking out from a 9-year resistance, & a bullish Head & shoulder pattern on the monthly scale (chart attached). Its relative performance turned +ve, above its annual average. Volumes increased substantially over the last 3 months when the stock rallied about 65%. Its momentum (RSI) is now moving in the bullish zone, above 60. Fundamentally, EPS has been...
Short Term Trading Advice by Goodluck Capital Buy Exide Industries Buy Range- 480 - 490 Target- 530 - 535 StopLoss- below 460 Potential Return- 9-10% Approx trade duration 14 - 15 days
Andhra Petrochemicals is a Monopolistic business, There is no plant like their, in Q4FY24 they gave a bumper results as well, along with Rs 2 Dividend (200% Dividend). A nice inverted H&S has been created and breakout is round the corner above 106 levels. Target is 170++ you can keep SL as 84 for the same.
Date : 14-May-2024 Rating : Buy - Positional Trade LTP : Rs. 173.15 Targets: (1) Rs. 185 --> (2) Rs. 214 SL : Rs. 154 on daily close basis Technical View: • NSE:IREDA is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 192.20 on 29-Apr-2024, it has retraced 17% to 158.70 level. • On 14-May-2024,...
Again guys, I have no idea what GME will do, but these are all usually considered bullish signals. Let's take it day by day and always manage our risk. It is a meme stock. Don't forget that. NFA - only ideas and charts
The price is strongly rejected by the LTMA band. Also the formation of an Inverted Hammer Candle in the negative zone indicates a down move. The price could test the levels of 565 and if broken then 535. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Date : 14-May-2024 Rating : Buy - Positional Trade LTP : Rs. 4,074.70 Targets: (1) Rs. 4,275 --> (2) Rs. 4,650 ++ SL : Rs. 3,670 on daily close basis Technical View: • NSE:HAL is in its primary uptrend and also going through it's secondary uptrend. • Within the current secondary uptrend, NSE:HAL has retraced 5% from top and again started the upward...
It has break ascending triangle break out and also it has break out previous high and bullish volitality is high
Date : 14-May-2024 Rating : Buy - Positional Trade LTP : Rs. 1,343.20 Targets: (1) Rs. 1,508 --> (2) Rs. 1,718 ++ SL : Rs. 1,170 on daily close basis Technical View: • NSE:COCHINSHIP is in its primary uptrend and also going through it's secondary uptrend. • Within the current secondary uptrend, NSE:COCHINSHIP has retraced 15% from top. • On...
The price is showing signs of reversal near its recent swing-low. Also, the degree and nature of separation in both bands indicates a start of compression. CMP - 2,265.55 R1 - 2,280.00 S1 - 2,182.00 Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Today we have an indecisive candle with a high of 1,514,20. The price has made a triple top pattern. Tomorrow's candle will clear whether the price has respected the pattern or not. Trade accordingly. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BankNifty Analysis BankNifty opened gap up and quite above the 48947 resistance line. The beauty of the price action today was that, we never fell below this support level - this could be taken as evidence of bullishness. And like old times, the pattern appears to be a W, double bottom. Each of the levels appears perfectly landing on either the support or the...
Nifty50 at Daily time frame - Moving in a range since Feb 2024, touched Upper Trendline 3 times and reversed, now touched Trendline for the 4th time on 23-24may, completed the target of 900points of Hammer Candle on 13th May. There is probability of touching 24000 in a few days, right now 22500 is a Support. For learning and educational purposes only.
Over the last 1 week, Nifty is up only 1.33% ~ 300pts, but we witnessed one of the most violent weeks in the last 4 years. Primarily because the exit polls overshot the expectations which gave a gap up of 3.5% ~ 792pts and then the actual polls came less than expected and this ensured we had a brutal fall of 2062pts ~ 8.84%. Once the dust settled, we retraced the...
Topic - HCLTECH Neutral Levels and Zone Tomorrow's movement Prediction of HCL Technologies Limited HCLTECH appears to be in downtrend. And this trend seems to be continuing further. Price is above an important level of 1344.79 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of HCL...
Topic - SHRIRAMFIN Long Levels and Zone Tomorrow's movement Prediction of Shriram Finance Limited SHRIRAMFIN appears to be in downtrend. And this trend seems to be continuing further. Price is above an important level of 2388.32 on charts, and as long as price remains above this level, the uptrend of stock might continue. Tomorrow's movement Prediction of...
ASHOKA is attempting to break out from over 6-year consolidation. Pl. check attached chart (Monthly scale). Its annual relative performance to CNX 500 has been +ve and rising since July 2023. Volumes have been significantly spiking towards the right edge of the chart since the beginning of rally in June 2023, & its momentum (RSI) has been travelling in the bull...