Turning Bullish: OIL India Ltd. OIL India Ltd. has been in a downtrend since it attained the peak level of 763 in Sept 2024.
It has strong support around 414 levels.
488 level is acting as the strong resistance.
20 EMA (Black Line) is trading just below 50 EMA (Orange Line) and 100 EMA line (Sky Blue line).
In the weekly closing, if the 20 EMA crosses above 50 EMA and 50 EMA crosses above 100 EMA we can confirm the bullish trend and take long positions.
Resistance levels: 488, 542, 588, 643, 763
Support levels: 414, 361
X-indicator
Turning Bullish: Manappuram Finance Ltd. Manappuram Finance Ltd. has been trading within a tight range in a BOX PATTERN for the past couple of weeks.
Yesterday, there was a clear and significant break in the box pattern.
The stock took strong support on 20 EMA (Black Line).
Resistance levels: 176, 187, 203, 214, 228.
For confirming the bullish trend, 20 EMA (Black Line) has to trade above 50 EMA (Orange line) in the weekly closing.
The upside potential is optimum and the downside risk is minimal.
Amazing breakout on WEEKLY Timeframe - MHHLCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL.
Checkout an amazing breakout happened in the stock in Weekly timeframe.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
A rally to the highs very likely!!BOB CMP 228
Fib- the stock has taken support at 38.2% from a higher swing and that's strength.
Trendline- It has also taken the support above the rising trendline. The steep trendline is broken hence it is slowing down.
Conclusion - It should go back to 265 as a minimum tgt.
Duolingo (DUOL) - Bullish Momentum After Breakout Overview: DuolDuolingo Inc. (NASDAQ: DUOL) is showing strong bullish momentum after breaking above the 50-day Moving Average (blue line) with a significant volume spike. This indicates renewed interest and potential for further upside.
Technical Analysis:
Resistance Zone: $360 (recent high).
Support Zone: $330 (previous consolidation level).
Indicators:
Price has crossed above the 50-day Moving Average, signaling potential trend reversal.
Strong bullish candle backed by increased volume, confirming the breakout.
Volume spike shows growing buyer interest.
Trade Plan:
Entry: Consider entering above $352 for confirmation of sustained momentum.
Target:
Short-Term: $370
Medium-Term: $380-$390
Stop Loss: Place at $340 to limit downside risk.
Nifty View For Next 10 DaysThe **Nifty 50** is a stock market index comprising 50 of the largest and most liquid publicly traded companies on the National Stock Exchange (NSE) of India. It is a key benchmark for the Indian equity market and represents a diversified portfolio of companies across various sectors.
### Key Characteristics:
- **Established**: The Nifty 50 index was introduced in 1996 by the NSE.
- **Composition**: It includes large-cap companies from sectors such as finance, information technology, consumer goods, energy, and healthcare, among others.
- **Market Capitalization**: The Nifty 50 reflects the overall market capitalization of its constituent companies, which represent around 65% of the total market capitalization of the NSE.
- **Calculation**: The Nifty 50 is calculated using the free float market capitalization method, where the weight of each stock is based on its market capitalization and the number of shares available for trading.
### Notable Companies:
Some of the prominent companies in the Nifty 50 include:
- **Reliance Industries**
- **HDFC Bank**
- **Infosys**
- **Tata Consultancy Services (TCS)**
- **ICICI Bank**
- **Bharti Airtel**
### Role in the Market:
- **Benchmark for Investors**: It serves as a barometer for the Indian stock market and is used by investors, mutual funds, and financial analysts to gauge market performance.
- **ETFs and Derivatives**: Various exchange-traded funds (ETFs) and derivative products are based on the Nifty 50, allowing investors to track or trade the index.
Overall, the Nifty 50 plays a crucial role in Indian financial markets, offering a snapshot of the performance of the country's largest and most influential companies.
Stock Analysis: #ASHAPURMIN – A Comeback to Breakout LevelsHello, Traders! 👋
After falling nearly 60% from its previous high, #ASHAPURMIN is back at its breakout level. Here's what stands out:
📈 Technical Overview:
🔹 My ILTF indicator signaled an entry back in November amidst strong volume candles, and the stock has risen 34% since then.
🔹 Currently at a potential breakout zone, making it an interesting setup for breakout traders.
💡 My Position:
I’m not holding any position in this stock. Sharing this for learning purposes only.
⚠️ Disclaimer:
🔹 I am not a SEBI-registered advisor.
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Please do your own research or consult a professional before making any trading decisions.
What’s your view on #ASHAPURMIN? Could this be the next breakout trade? 🚀
#TradingView #StockAnalysis #BreakoutTrading #MomentumStocks #ASHAPURMIN
BDL - Bullish This stock has shown a break out after reversal from the correction on Daily Time frame. It has following attributes with strong Price action.
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Price crossing previous swing peak
The stock will be a long term bullish trend till Targets as per Fibonacci are marked.
The idea is for academic interest and not recommendation for investment
Ganesh Housing - Bullish trend resumptionThis stock has shown a break out after reversal from the correction on Daily Time frame. It has following attributes with strong Price action.
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Price crossing previous swing peak
7) tree white soldiers pattern satisfied
The stock will be a long term bullish trend.
The idea is for academic interest and not recommendation for investment
#JISLJALEQS - Potential Break Out 📊 Script: JISLJALEQS
Key highlights: 💡⚡
📈 IH&S formed in Daily chart.
📈 Wait for consolidation then enter on BO with volume
📈 Price gave a good up move
📈 Volume spike seen
📈 MACD Cross Over
📈 One can go for Swing Trade.
BUY ONLY ABOVE 80 DCB
⏱️ C.M.P 📑💰- 76
🟢 Target 🎯🏆 – 20%
⚠️ Stoploss ☠️🚫 – 10%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Boost, Like and follow to never miss a new idea! ✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
Bajaj Healthcare Limited - Resuming the bullish journeyThis stock has shown a break out after reversal from the correction on Daily Time frame. It has following attributes with strong Price action.
1) Price > 50 DMA
2) 50 DMA > 200 DMA and diverging
3) Daily vol > Avg 30 D Vol
4) Supertrend 14,3 Buy zone
5) ADX > 25 and rising - Momentum increasing
6) Price crossing previous swing peak
The stock will be a long term bullish trend till Targets as per Fibonacci are marked.
The idea is for academic interest and not recommendation for investment
NZDUSD → Bearish Momentum Poised to Extend FurtherOANDA:NZDUSD buyers remain skeptical of realizing a bullish scenario at this time, and the price continues to face downward pressure.
On the 1-hour timeframe, the price has approached strong support at 0.55, potentially triggering a minor corrective reaction. This correction is likely to be small, as the dollar maintains its upward momentum, bolstered by Trump’s policies that support this scenario in the medium term.
From a technical perspective, the price continues to test the 0.5588 support level, with a local descending wedge forming under selling pressure. A retest of the channel resistance is possible before further declines.
Resistance Levels: 0.563, 0.567
Support Levels: 0.5588, 0.5511
A break and consolidation below 0.5588 could trigger additional sell-offs in the context of the current local and global downtrend.
JK Cement a LONG visible on PERFECT SETUPJK Cements on weekly chart completes it fall and now in uptrend.
Target 1W Fisher and TSI Top on few months of time frame. (Here 1D Fisher will make 2Top in TSI. Fisher may be Lower High for exit from BUY - but this will happen at 1W Fisher Top - till then hold).
May buy at current level and hold for few months as per above Target.
Disclaimer:
This is for informational purposes only, not financial advice. Trade at your own risk.
Nifty 50. The Doji Candle.Nifty is making Doji at the bottom on weekly chart. Which shows the chances of trend reversal. If Nifty close above 23391 (current week high) then Down trend will be end and reversal process will start in market. For confirmation, the complete week should be close above 23391 for the All time high target (26272).
If Study RSI, Rsi is near 60 on monthly chart which can act as a support and at 40 on weekly chart which is again a support area. If Daily RSI will cross 40 then Market can be bullish again.
And If 23050 broken then It will open the gate of 21500 down side.
Nifty now a Buy on PERFECT SETUPAs you may find that similar formation and PERFECT SETUP occurred earlier between 21st Nov 2024 to 6th December 2024. 1W 1D 4H are also similar. First Target (so long 1M and 3M Fisher are negative) will be 4H Fisher and TSI Top.
See as per PERFECT SETUP. Request please keep these 2 indicators in your screen.
Disclaimer:
This is for informational purposes only, not financial advice. Trade at your own risk.
STERTOOLS - BREAKOUT TRENDLINE - 4HR CHART.Sterling Tools has given BO of the trendline, now re-testing.
It made a Hammer at the support and gave reversal. There is Probability of it going up.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
BANK OF BARODA - BREAKOUT TRENDLINE - WEEKLY CHART. Bank of Baroda is at an old support area, has formed a Hammer candle.
Once it gives BO of the the trendline then there is probability of going up. It may also spend some time between 215-230 before giving an upside move.
High of the Hammer candle-230 seems an Entry point and 216-SL.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
TATA MOTORS - INVERTED H&S - 4HR CHART.Neckline breakout in Tata Motors may give a good move.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
Gold Trading Strategy on M15 (January 17, 2025)Preliminary Trading Plan:
Market Summary:
Gold prices are consolidating around $2,790, with potential for short-term corrections despite positive GDP and industrial data from China. However, concerns about China's real estate market and US tariff policies are dampening expectations. Anticipation of Fed rate cuts and weak US data are supporting gold prices, while investors await US housing and industrial production reports for further signals.
Technical Support:
Following two volatile days driven by news events, gold has rebounded above $2,700 and maintains an upward trajectory. However, it has yet to breach the $2,620 - $2,624 range. The market appears to be cooling compared to the previous days, as indicated by today's trading sessions. Key support levels for capturing the market's uptrend include $2,700 - $2,702 and $2,680 - $2,678.
Trading Zones:
XAUUSD BUYZONE: 2700 - 2702
Stop Loss (SL): 2697
Take Profit (TP): 2705 - 2708 - 2715
XAUUSD BUYZONE: 2680 - 2678
Stop Loss (SL): 2675
Take Profit (TP): 2683 - 2686 - 2693 - OPEN
Wishing everyone an amazing start to the new year!
ZOMATO - INVERTED H&S PATTERN - 60MIN CHART.Zomato neckline breakout may give a good move.
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
A rally to exitSenco CMP 1028
Inverted V- that's a directional signal and preparing you in advance, that the fall has just begun.
Fib- the stock is at fib and trendline support. Hence a rally from here is very likely. In my view 1259 is a high probability from here.
Elliott- The A leg of the correction has 5 waves hence this is the first leg of the 3-wave correction. The B wave can go all the way to 1400.
Conclusion- since I can see the Inverted V I will not want to push my luck. In my view one should book it around the 1260 zone.