INFY might be doing an IHS in daily TF. Stock looks strong comparing to current price movement of all large caps. Also, stronger dollar might be the reason for strength in the stock. I'll enter when Nifty starts recovering, or at least makes a green week.
BRITANNIA has bounced from a channel low, might retest channel top in coming time. Looks like a good setup for a positional trade. Stop Loss below channel low. Trade at own risk, I am not liable for any financial loss. This material is shared only for informational purpose on seeing a good setup.
Astral is undergoing consolidation which can either be reaccumulation or distribution. Any bullish price action at the bottom of the channel would give a good risk reward entry. I would look at a green week before entering. Material for informational purposes only, not a trading advise.
Markets can have three possible movements - Up Trend, Consolidation and Down Trend. Usually the sequence of these phases is Consolidation (Accumulation) --> Up Trend (Market Participation) -> Consolidation (Distribution) --> Down Trend (Market Participation). Some might even call these phases as phase 1, 2, 3 and 4. HIL Looks in possible accumulation phase. This...
JYOTICNC looks in a reaccumulation phase. Meaningful add would be on touch of 20 SMA or break above ATH. Currently the stock is showing sign of strength.
The bearish Wolfe Wave, a powerful chart formation that warns of impending bearish moves in financial markets. Understanding the characteristics and implications of this pattern can provide traders and investors with valuable insights into potential downside opportunities. As seen in the chart, a Wolfe Wave consists of five waves, labeled with the letters or...
Reliance taking support at two year long channel. RSI also taking support near 40 levels. Holding horizon - 6-7 months. Targets - Around 3100 Stop Loss - 2200 This is a setup with good risk reward. I will prefer a covered call (stock in cash with shorted OTM call) in case IV rise, else plain vanilla cash stock. Please Note - This is not a trading advise, only...
Presenting an example of accumulation along with all details on the chart. Comments and Criticisms are welcome!
Panacea Biotech Limited is touching monthly channel bottom. Ideal holding period - 1-2.5 years Projected gains = 200% - 225% Stoploss on closing for 2 months below the channel. ** Material only for reference. Assess your risk before entering any positions.
Kotak Bank looks like in accumulation zone. For Investor Mindset - an SIP in Kotak Bank within the channel will give good and safe gains. For Trader Mindset - Wait for a bounce back from RSI in 35-40 range, will give a good swing trade going ahead. * Note - Material only for informational purposes, do your own due diligence before taking positions.
There is an upcomming alt bat pattern in banknifty. Details of PRZ are on the chart.
Daawat has given a nice and strong breakout from triangle in weekly timeframe. Targets - 90++ Stop Loss - 58 I'll prefer SIP on daily basis in 60-75 zone to average out buying. Expect a pullback before a very strong rally . Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including...
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional...
Maruti has given a good breakout in weekly time frame out of consolidation pattern. Stop Loss - 7200 Target 9200 Cash only trades - no derivatives. Disclaimer - we are holding from 7450-7500 levels. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or...
Adani Enterprises has given a breakout from a long consolidation. Also, news of Adani-Wilmar IPO is coinciding with breakout from consolidation. Looks worth a try to go long. We will hold cash positions only. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock...
HDFC Bank looks like taking support on previous resistance zone. We will be taking a small equity position with a stop loss of 1575. Targets 1650/1700. Looking at increased volatility in markets, derivatives position should not be taken by novice traders at the moment. Looking for the targets in a couple of days. In case it consolidates then we will...
Indusind Bank - Nice accumulation taking place in 970-1060 price band. Looks like a good time to accumulate on SIP basis. Once the share crosses 1060, we can target for 1100/1180. Bulk buying should be avoided till 1160 level is breached on daily closing. Shorting 1100 CE if you have adequate holdings is also advisable, however do this only if you have...
Banknifty approaching upper band of 3 months long channel. Still some points to be covered on upside. Then caution needs to be maintained for longs. Hedging positions is one way. 37500-38000 CE can be shorted against future positions or ITM calls. Hedge only if you have experience in doing so, else maintain a tight stop loss. Giants like HDFC Bank is facing...