3 reasons for a positive outlook. 1- NMDC is trying to bounce back from the Fibbo 50% level. 2- Price has given the breakout of the falling trend line and trading above the breakout level. 3- MACD has turned positive after positive diversion. It looks suitable short term trading with favorable RR ratio. Disclaimer - I am not a SEBI-registered technical analyst...
In today's trading session, HCL tech gave the breakout of the resistance line. We can see a consolidation before a breakout. it is a single that this breakout can sustain above the breakout zone. Let's see the game. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be...
The chart pattern is suggesting that INFY is trending upside and today's closing is signaling that the stock has the strength to go up. As per the chart next stops should be 1333 and 1374. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Nifty IT is suggesting to find better opportunities in IT stocks. The index is showing sing of strength and positive momentum. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
DLF's uptrend movement looks like fading away. In today's trading stock closed below 14 days EMA forming bearish inside candle pattern. MACD is also giving a bearish signal. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
MSTC ltd is looking good to buy @ cmp. this is an excellent example of momentum trading. - Stock is in bullish momentum - Stock is trading above 200 EMA - Relative strength is favorable compared to Nifty. - Risk- Reward is positive. Disclaimer - The above chart is only for educational purposes. Do not trade based on the chart do your analysis.
Mankind Pharma is looking good to place buy orders with a favorable risk-reward ratio. in the last trading session, it has given the breakout of the listing day high. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
Asian Paint is trading near a good support level and crossed the 30 DEMA. At the current stage, price action is looking good to go long if it crosses above 2850 and sustains above it for 30 minutes. The risk-reward also looks favorable.
Price took support at the major support level and formed a "W" pattern. After the break-out of the "W" pattern price is sustained at the break-out level, and price formation looks bullish. Trade can be executed with a good RR ratio. The above chart is only for educational purposes only. Please don't trade based on the above chart only. Take your informed...
Keep your eye on Coal India it is looking good. Currently, I am neutral. Today's candle has given a small trendline breakout.
Godrej Properties is look good to buy. Selling pressure is reduced from the stock. Currently Stock is taking rejection from 200 EMA and support near the 1150 price level. Currently, 1150 INR is looking for good support for the stock and in the last trading price closed crossing 30 EMA. CMP is a good price to go long in the stock because here risk-reward is...
Chart formed the inverted head and shoulder pattern on 15 min time frame. if tomorrow price opens between 38000-37800. if the first 15-30 minutes candles represent bullishness. Or first 2-3 candles get close above vwap then we can go long or can make short put spread. Opening and initial candles are important. Post is only an educational purpose not advice for buy...
Forming the double top formation price yesterday given the breakdown and now treading below the neckline and going down with good volume. post is only for education purposes, not an advice to buy and sell.
As per the weekly chart, tinplate is given the multi-year break-out with cup and handle pattern. Volumes are supporting the break-out. Good result of Q3 is also supporting the break-out.
PVR is trading in a channel and at support levels. It can be a buy candidate if the price closes above 20 EMA on the Daily chart. As per the channel pattern, it has a potential upside of 30-35% in 4-5 months. The price range for long is 1400 to 1900
Stock given breakout after good consolidation and have a good potential target as per the technical analysis.
On 15 minutes chart, BNF made a formation of a cup and handle pattern. Also given closing with good break-out.
Tata steel not able to cross-resistance line and volume is also getting low, so better to avoid or make short positions.