Time frame - 1 HR
Power Finance Corporation is engaged in extending financial assistance to the power sector and is a Systemically Important (Non-Deposit Accepting or Holding) Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI) as an Infrastructure Finance Company (IFC).
The major thing of attraction is the Dividend yield it provides...
Time frame - 1 Hr
As per my analysis stock is currently trading at very good price range that is 1270-1285 which is a strong demand zone for the stock.
You may definitely buy some shares if you are a price action based trader.
I personally like to take the trade at demand and supply zone trades for swings and I prefer to provide swing trades which are trading...
Time frame - 1 Hour
As 3 days ago ICICI sold a large stake of ICICI Lombard stock fell near 5-7% and not ran up recently much.
I would suggest to go for long at this point to capture 20-50 points.
Support from the trendline has been confirmed.
Time frame 1 day.
There are no doubts about the fundamentals of this security but due to its poor quarterly results, the stock is falling for the last 3 days.
Today it fell nearly 6% and some institutional player has sold in large quantities as we can see in volume.
This seems to be in good valuation below 900 but at the same time, you can accumulate this stock...
Don't exit the trade just because the downtrend has ended. The pharma sector looks in pain but soon it will recover and this stock will give you good returns if you are holding it.
I have marked next buying levels, you may average at next support and then take the exit from the trade at least with some profit.
It's a good time to book your profits and sell of can start as there is weekly expiry tomorrow.
Today when nifty tried to touch it there was a clear rejection at that price so trade safely and keep eye on 10160-10170 levels.
You can make your entry now confirmation of downtrend has ended and stock is about form new uptrend.
Buy @170 and if it takes support on the provided support line you can also average your position.
Short term target looks to be around 178. Positional traders can go long with this trade for sure.
I took entry at 160 and looking forward to the target.
After the downfall stock is continuously giving positive move and there is strong upside move.
It is facing resistance to hold above 255 level but soon breakout possible if you catch it on lower trend line grab it.
Buy @250 - 255
Target 1- 260
Target 2- 265
This trade is given for short term(Swing traders)
Price is continuously contracting since the last 10 trading sessions and now they have arrived at a very crucial level to watch out for.
Something is really cooking and breakout on either side can be surely seen and you must keep an eye on this stock.
As per my level of thinking the stock should probably go upside after retracing 1% of the move and it will give breakout.
The crucial level on Fibonacci of 61.8% i.e. 762 have been tested several times but couldn't hold above it.
It is expected to see a breakout above 790 level which is very important to break for an uptrend.
The buy call has been called above 790 for the target price of 900 which can be achieved soon.
Stock is moving in a clear uptrend, you can trade on both the side in the channel.
When touches the trend line on down go long and sell on the upper trend line for the short term.
Trade for 1st June can be taken to short it for the target price of 1230 as from the divergence can be seen.
Pro tip - Swing traders can hold the stock for the short term. It is...
After forming lower high and lower low several times in the chart downtrend was conformed and I kept eye on the stock.
On 28th of May in the last 2 hours, the one-hour candles were formed above the trendline and I was expecting a positive movement after the second health bullish candle above. The second conformation was RSI getting stronger and the gap up opening...
We all know the potential of HDFC and it's growth. Because of the current bearish sentiment of the market stock is trading at a very low price and we could start accumulating some amount of stocks for swing and long term traders.
This analysis especially for Swing and Long term traders only. (Short for intraday only if gap down opening)
From the weekly chart...
As from the chart at last 1 hour there you can see some positive up move and it is heading towards its first resistance level i.e. R1= 2065
The second resistance comes at R2 = 2112.
As from the RSI level soon weakness can be seen so keep eye on the resistance levels.
After the pandemic of COVID-19, this stock has recovered amazingly and it is in a clear uptrend.
In the daily chart frame, we can see this is in the consolidation phase and there should be some correction remained in the stock. Personally I feel like the stock is quite overvalued in the current situation. If it takes support on 3408 levels and bounces back I...