HCLTECH shortHCL Technologies (HCLTECH) is exhibiting signs of a potential bearish trend reversal. A clear bearish divergence has formed between price and the Relative Strength Index (RSI), indicating weakening bullish momentum.
Key Observations:
1. Bearish Divergence:
Price has made higher highs, but the RSI has formed lower highs.
This divergence suggests a potential bearish trend reversal.
2. Volume Weakness:
Volume has been declining as the price has increased, indicating waning buying interest.
3. Broken RSI Support:
The stock has broken below a key weekly RSI support level and has retested it, confirming the bearish bias.
Trading Strategy:
Short Entry: Consider shorting HCLTECH around the current price level or a slight pullback to the broken RSI support level.
Stop-Loss: Place a stop-loss order at 1900 on a closing basis to limit potential losses.
Profit Targets:
Target 1: 1700
Target 2: 1540
Target 3: 1420
Is this stock potential? How can we trade? HDFC AMC All of the major index and stocks are trading in bearish structure. Market is potentially discounted and we can look for some buy opportunities.
Looking at HDFC AMC stocks, it is still trading in Bullish structure. For any buy setup we would wait for a Change of structure on lower timeframe , mostly on 15 mins.
Look for MSs on 15min and then we can target the daily recent high as future targets.
Trade safe. This is just for educational purposes.
Long trade in UDS Possible long trade in Updater Services limited
Stock is comming out of Ipo base with cup and handle formation on weekly time frame.
After breakout, stock has pulled back, making risk reward favourable.
With entry around 390 and SL of 365 (end of day closing), a long trade can be taken.
Disclaimer: This is not a recommendation. Please do your own research before taking position.
Low risk high reward Long trade in InoxwindA short term swing long trade can be taken at current price levels with small sl and good Reward ratio
Stoploss = 125 mins Close below 186
Target = 202 to 207 rs zone
Time Horizon = 3-7 days
P.s. Do you own research before investing
GRASIM - UP for a 10% correction from 2500 levels?
CMP - 2508
TF: daily
5 wave impulse from June'22 lows (1271) has ended at 2877.75. The Zone for the 5th wave termination was between 2731 to 2923
Internal counts are highlighted/mentioned in the chart for easy understanding.
Upon completion of the 5 wave impulse, price came down in single leg about 380 points. We can consider this as wave A and then a corrective rise to 2833 for wave B and thereby making a Double TOP. Price is now trading in the C wave and could potentially head towards 2200-2100 levels in the coming sessions.
This fall could very well be a 5 wave structure too.. but for now, I have labelled it as 3 wave down-move only.
Break of the 2-4 trendline (rising trendline from wave 2 low of 1521 and wave 4 low of 2171) would confirm trend reversal
For now. the AVWAP from the B wave top at 2645 will act as the RESISTANCE
- Price has broken the swing low of 2505 and consolidating at the breakout zone. Needless to say, the first dip to this level was bought in to already.. the current consolidation could very well signify a potential breakdown.
- the 2490-2510 range is also happens to be the 200 DEMA.. Price is consolidating here instead of bouncing up strongly.
- Price on Daily TF is trading well below the Cloud, Base and Conversion lines..
- The next potential SUPPORTS are 2171 June'4th Low, and 2210 (AVWAP from the lows)
- Since this is a retracement of the entire impulse from 1271 to 2877, the 50% fib level is placed at 2075
- In harmonic pattern, the minimum expected target is around 2250
- Assuming that this is a 3 wave swing, I have considered alternate Shark pattern in Harmonics.. if it goes past the X leg at 2182, then Cypher pattern will come in to play (target would be 1900 to 1700).. to be reviewed how it acts at 2000-2200 levels first.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Vodaidea load at 5 levelsVodafone idea is looking to take support at 5 rupee levels.
One can wait and accumulate at 5 levels for the target of 20s
HDFC AMC @ 90% DISCOUNT from the last high1. Trend Bullish
2. Set up: pull back with 90% discounts
3. RR 1:17+
4. Strength: strong
Supriya Life sciences - BreakoutIf the stock can follow thru above 695 It makes for a good short term ATH Breakout trade.
The stock broke out on Tuesday and a follow thru could lead to some sort of a vertical move..
Stoploss for the trade will be below 670.
ready for targets OALPE Ratio of OrientalAromatics is 46.94
Prices/Sales Ratio of OrientalAromatics is 1.2
Price/Book Ratio of OrientalAromatics is 2.86
After showing 238.87 Cr. of sales and 9.85% of quarterly net profit, there have been multiple ups and downs in the OrientalAromatics stock prices in the past few weeks. For example, OrientalAromatics stock price on 12th of November 2024 was around Rs. 529.45. OrientalAromatics share price now stands at an average of Rs. 553.45. Judging by last week's performance, stock is in up trend.
BEL Q2 Growth of 14.8% Signals Potential Breakout, Targeting 340Details:
Asset: Bharat Electronics Limited (BEL)
Breakout Level: Watch for technical confirmation of breakout
Potential Target: 340+
Stop Loss: Below recent support levels or as per individual risk tolerance
Timeframe: Short to medium-term
Rationale: BEL reported a strong Q2 performance with a 14.8% growth, signaling robust financial health. This positive development increases the likelihood of a breakout, supported by improved fundamentals and investor sentiment.
Market Analysis:
Fundamental Support: The Q2 results showcase BEL’s continued growth trajectory, potentially attracting more interest from institutional and retail investors.
Technical Setup: The stock is showing signs of consolidation, with a breakout appearing imminent. Watch for sustained movement above resistance levels.
Price Target:
Based on technical and fundamental analysis, the stock could reach 340+ post-breakout.
Risk Management:
Implement a stop loss near the recent support levels to minimize downside risks in case of a reversal.
Timeframe:
The move toward 340+ is expected over the short to medium term, contingent on sustained buying pressure and broader market conditions.
Risk-Reward Ratio:
With strong Q2 fundamentals and an imminent technical breakout, the setup offers a favorable risk-reward ratio for bullish investors.
Keep an eye on the stock’s price action and volume as it approaches critical resistance levels for confirmation of the breakout.
What is the Potential for CARTRADE? CARTRADE is showing a promising Round Bottom Formation on the weekly chart, indicating a potential bullish reversal.
Key Levels to Watch:
First Resistance Zone: A crucial level where price action will be tested.
Strong Resistance Zone: A breakout here could open the door to a significant upside.
💡 Trade Strategy: Monitor the resistance zones closely. A breakout with volume could signal a long opportunity but always manage risk with proper stop-loss placement.
SBIN : Rounding Bottom PatternRounding Bottom Pattern
Attractive risk reward ratio .
Long with Stoploss below 780, Target 900
HAL - End of short term correction? 1000 pts rally on the cards?HAL - CMP 4048
TF: 90 minutes
Looks like the first leg of correction (A) is almost done in a 5 wave structure.
Internal counts are marked
Diagonal is visible at the end of this sideways correction/consolidation
Price is still holding the June 4th lows.
Looking at the sideways correction on weekly TF (see below), looks like the price cant fall one way down, and hence a retracement is expected. You will also notice that price is at the DEMAND zone on weekly TF
For this B wave (until or otherwise it breaks a specific Fib/invalidation level, the count remains corrective, and hence, it is considered as corrective rise B), the minimum expectation is 50-61% retracement of this entire fall. That would be 4800-5000 levels.
We will decide the next course of action depends on how well the price reacts at that zone.
For now, fresh shorts are not advisable and a low risk LONG Set up could emerge soon
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
IGL.. correction complete???Hello 👋
The stock is in downtrend.
Since last few weeks stock is in selling pressure.
Currently price is at 52 weeks low.
Daily TF stock is in oversold zone, weekly in berarish territory & monthly it's declined.
Currently price is at its previous lows / reversal zone. If it's not able to hold above 280 then below that 249 is the pivot support.
In monthly tf H & S pattern made & neckline also broken.
As govt. Cuts the gas allocation, it made negative impact on stock & the price falls.
Have mentioned reversal zone on chart.
It's my view. Please DYOA.
No buy or sell recommendation 🙏
Thank you 😊
Please boost my idea if you find it useful 😉
IDEA Idea on monthly TF . Chart don’t show any recovery. Trading at crucial psychological support 7 Rs and Monthly trendlyne.
Only risky trader can bet at this movement till the time further confirmation from positive side.
Ideally in Idea one should wait for taking long position or invest only portion of sunk money which wont give pain while watching trading account.
Buy Pudumjee paper Near 125-130 Levals with SL 105 TGT 153-183Technical :
Channel Breakout with volume
RSI Diversion Retress from 144 Ready to Fire 153 183 Levels
Fundamental :
Strong Momentum: Price above short, medium and long term moving averages
Consistent Highest Return Stocks over Five Years - Nifty500
Company with high TTM EPS Growth
Higher DVM Stocks Among Midcaps and Large caps
Annual Profit Growth higher than Sector Profit Growth
Overbought by Money Flow Index (MFI)
Effectively using its capital to generate profit - RoCE improving in last 2 years
Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
Efficient in managing Assets to generate Profits - ROA improving since last 2 year
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with Low Debt
Annual Net Profits improving for last 2 years
Book Value per share Improving for last 2 years
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Stocks Outperforming their Industry Price Change in the Quarter
MRF LTDMRF Ltd. is currently forming a symmetrical triangle pattern, indicating potential volatility as it approaches a breakout. This pattern shows the stock consolidating with a series of higher lows and lower highs. The support and resistance levels marked on the chart demonstrate the boundaries of this consolidation phase.
If the stock breaks above the upper resistance level, it could lead to a strong upward movement, with a target of ₹128,157. However, if it breaches the lower support, it might indicate a downward trend toward ₹118,000.
This setup suggests a high-probability trading opportunity in either direction, depending on the breakout. As always, traders should combine this analysis with additional indicators and risk management strategies before entering a trade.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in JSLL
BUY TODAY SELL TOMORROW for 5%
NEULANDLAB: Ready for ATH breakout?!◉ Post-earnings dip: A big bearish candle, but the stock held strong at its 50 EMA.
◉ Clean retest with a solid follow-through candle (remember what we discussed in Sunday's session?!).
◉ Back to back Tight + Dry days
📈 High-probability setup!
We will look to trade this setup for intraday.
At the moment, we don't find any entry point with an SL less than 5%!
Buy JMFINANCE at 113 Sl 91 Target of 168
Consistent Highest Return Stocks over Five Years - Nifty500
Rising Net Cash Flow and Cash from Operating activity
375.3% returns for Nifty 500 over 5.9 years
Growth in Net Profit with increasing Profit Margin (QoQ)
Company reducing Debt
Increasing profits every quarter for the past 2 quarters
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Company with Zero Promoter Pledge
Stocks Outperforming their Industry Price Change in the Quarter
MedPlus Weekly breakout done
Buy near CMP 730
Long term Target 950-1370+
Only for educational purposes
Aster DM Healthcare Ltd - Symmetrical Triangle Pattern AnalysisAster DM Healthcare Ltd - Symmetrical Triangle Pattern Analysis 🛠️
The stock is consolidating within a symmetrical triangle, signaling a potential breakout. With price compression nearing its apex, a decisive move is expected soon.
Technical Insights
📈 Resistance:
Upper trendline: ₹433.50 - ₹434.50. A breakout above this range could indicate bullish momentum, targeting the ₹445-₹460 zone.
📉 Support:
Lower trendline: ₹428.00 - ₹429.00. A breakdown below this range might trigger bearish momentum toward ₹413-₹400.
Key Observations:
Current Price: ₹429.00.
Volume Profile: Watch for a significant volume surge during the breakout/breakdown.
Price is nearing the triangle's convergence point, with diminishing volatility signaling an imminent impulse move.
Strategic Approach:
1️⃣ Bullish Case:
Entry: Above ₹434.50 on a sustained breakout with volume.
Targets: ₹445, ₹460 (key levels).
Stop-Loss: Below ₹428.00 to protect against reversals.
2️⃣ Bearish Case:
Entry: Below ₹428.00 on a confirmed breakdown.
Targets: ₹413, then ₹400 if momentum continues.
Stop-Loss: Above ₹434.50 to manage risks.
Risk Management:
Avoid premature entries; wait for confirmation beyond support/resistance levels.
Symmetrical triangles can lead to fakeouts, so confirm moves with strong price action and volume.
⚡ Conclusion: Aster DM Healthcare is poised for a major move. Keep an eye on price levels and volume to act on the next big opportunity!
