OK_Rane

OK_Rane

Price is oscillating in the critical area ( Point of control), presence of immediate resistances. For upward movement, Price needs to close above 550. This week price action is going to be crucial

OK_Rane

- SL, close below 1936 - midvaluation- Cashflow is positive, Low Debt - Point of concerns - High PE

OK_Rane

1. Yesterday, Later half of the market, price pull back happened from 200 ema, but the end cosing is quite uncertain 2. Blue highlighted area represents stong support 21500-21900 Price opening or closed below this area could unfold another 1000 point dowanward possibility. 3. What can happen, A. Sidways moment on this support area, untill we get clear picture...

OK_Rane

Support Levels are drawn with Red 🔴 color S1: 200 ema S2: Weekly Gap S3: 18600 level which was previous resistance, Mkt spend almost 2 yrs to cross that level

OK_Rane

Island Reversal,  A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend.  Rsi divergence implies a change in relative strength as compared to price movement.  The price has come out of the regression channel. Probably we are in the 4th wave, which means we have completed the top of the...

OK_Rane

ABCD pattern,  1. Correction levels are drawn with green horizontal lines. 2. The next 1-2 months are going to be crucial. 3. Indecision between the 17800 and 18400 levels

OK_Rane

1. Price is out of regression, Thats an outlier movement, which explained the intensity of the impulse, its a characteristic movement of 3rd wave 2. Internal wave structures & Primary wave analysis, 5 sub wave of 3 primary wave is am extension wave, price structure is quite stiff and resembles with Climax Top 3. Cup & Handle pattern target has achieved, have...

OK_Rane

Considering the convergence level & wave count, have drawn few important support & resistance levels. At current price structure, the prices could extend upto 84700 -84800 levels, this level has more convergence or going to be the area of confluence. & price movement also stiff & it has expended more than 1.5X of 200 EMA. T1: 79450 T2: 84800 T3: 90800

OK_Rane

1. Support levels are highlighted as S1, S2 & S3 2. Heavy Selling 3. Negative News

OK_Rane

- High movement - 3rd wave extension to 66 K ( timeframe - May'24) - RS is positive

OK_Rane

Fundamentals, 1. Operating Profit are improving 2. Piotroski score 9 3. Net profit TTM is high in Industry 4. Stock with Low PE Technical 1. Tweezer Bottom 2. Price action supportes by previous resistance & 200 ema 3. Price structure - Consolidation (basing), trend reversal 4. Momentum is expected Entry : 565 (50%) , 595 ( 50%) SL: 540

OK_Rane

Trend Reversal trade Fundamentals, 1. Strong EPS 2. Cashflow is improving 3. Company with Zero Promoter pledge Negative: 1. FII holding is declining 2. Decline in Qtr & Qtr profit & revenue Technicals 1. Price is near 52 weak high 2. High momentum SL: 1278

OK_Rane

These tight ranges often result in a one-sided moment. Considering the current sentiments, there is concord among market participants about what the future holds for crypto, which is reflected in the price moment. Resistance: 44k-49k Support: 37-38 K  

OK_Rane

Fundamentals: Positive: 1. Increase in revenue 2. Profit from operating activities are increasing 3. Book value per share is increasing 4. ROCE increasing 5. Debt to equity is 1.1 Negative 1. Recent Qtr performances 2. 41% promoter holding Technical: 1. Multi-year trendline breakout 2. High momentum 3. High Volume Therefore buy it before it feels like, "...

OK_Rane

1. R1-R2: Resistance Trendline 2. Entry: 483, SL: 465 3. Triangle Breakout, Trendline (R1) Breakout 4. Momentum & High Volume Setup.

OK_Rane

Price is Out of regression channel & breakout is upward, that shows the strength of the trend But the now price has reached juncture where it could face a resistance

OK_Rane

SL : 72 Target:110-120 1. High Volume 2. Momentum 3. Higher Relative strength Add 50% now & 50% on pullback between 75-79

OK_Rane

Trend: Primary: Bullish, Monthly Engulfing Candle Secondary: Bullish, Weekly 3 horses candlestick pattern 19850 has strong resistance but the trend is positive, which creates a opportunity to put Monthly Strangle, which could give 4-5% returns by mid December.