Attached: PGHH Daily Chart as of 23rd June 2023 Pharma Sector is showing Strength while the Broad Market goes Cold witnessing Profit Booking And so this is one Pharma MNC Stock with a Buy Setup - Price has given a Breakout Buy Signal on Friday - Either Wave 3 or Wave C Upside at play - Stop Loss can be put at Low of the Day or < 13950 2 Upside Targets for this...
Attached: Nifty 50 Daily Chart as of 7th July 2023 Price has closed below PDL marking the End of the 5 wave rise that makes up either the 3rd Wave or the C Wave In both case, whether it is there 3rd or the C Wave, post completion of a 5 wave impulse be it whatever degree of the wave, there has to be a Retracement at the very least Price has 2 downsides going as...
Attached: UTIAMC Daily Live Chart as of 30th June 2023 - Today All AMC Stocks have seen a Massive Upsurge and it appears there are Tailwinds for this Sector hence Strength within these Stocks - Price has given a Classic Cup and Handle Breakout today on the back of Strong Price Volume Action One can buy at Current Market Price For a Target of ~ 900 And Stop Loss < Day Low
Attached: Natural Gas Mini Futures Hourly Chart Live - Morning Star Candlestick Reversal Pattern activated - Bounce off 200 DEMA (black line) - Breakout from Wedge - Price action can be Channelized suggestive that the Fall was a Corrective and not an Impulse - So W3/ WC upside to play📈 1st Target on Upside = 223 2nd Target on Upside = 229 SL can be based on...
Attached: Sensex Daily Chart as of 19th June 2023 The Ending Diagonal is more evident and clean in BSE Sensex rather than NSE Nifty 50 (although you can observe in Nifty as well), which is why I have chosen to share the Sensex Chart Observe: - A well defined trend line with multiple touch points - Presence of a Bearish RSI Divergence - Daily MACD already in Sell...
Attached: SUNPHARMA Daily Chart as of 28th June 2023 - On Wednesday Price gave a Strong Bull Power Candle Breakout signal activating a Bull Flag + Inverted Head & Shoulder Pattern, pay attention to the Green Neckline - Moreover this Stock has the Highest Weightage in the Nifty Pharma Index so Pharma cannot move up without Sun Pharma participating (I have already...
Attached: Nifty Pharma Daily Chart as of 26th June 2023 - Today Price has triggered another Breakout closing above the Green Trendline and thus activating a Fresh Up Leg for the Pharma Sector and Stocks alike - This is the 2nd Breakout Trigger (marked by arrow) and the 1st Breakout Trigger was the activation of the Cup & Handle Pattern for which Price is yet to...
MFSL LONG SETUP Attached: Daily Chart as of 21st June 2023 - Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO) - Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds) - The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside...
Attached: MCX Daily Chart as of 21st June 2023 Price has a Pending Upside Target of 1700 as per the Inverted Head & Shoulder Breakout So far the Price has been rallying in a Channelized manner and respecting the Moving Averages Today Price resumed its Up Move breaking out for 3-4 day consolidation And so the Journey up to 1700 shall resume from here Holding...
Attached: LGBBROSLTD Daily Chart as of 20th June 2023 Today Price gave a Clean Strong Volume Breakout making New ATH and signaling that the Blue Sky is now Open for Price to precisely breach past the 4 digit aka 1000 level mark ! - Past few candles have strong Volume buying and the Base from the Price has taken off is also well within what you may call...
Attached: COPPER/ SILVER Daily Chart as of 20th June 2023 The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today Within the Commodity space it appears that Base Metals are doing better than Precious Metals And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow) Technical...
Attached: Daily Chart as of 16th June 2023 Holding above 182, a Target of ~ 200 is pending🎯📈 Rationale behind this Setup: - Observe Multiple Volatility Contractions as Price is forming a VCP - Strength on any Dip as it gets bought - Higher Highs and Higher Lows are intact - Price trading near 52 week high zone - PSU Banks are doing better than Private Banks so...
Introduction: In the dynamic world of trading, identifying relative strengths and weaknesses among stocks and indices is crucial for maximizing profits. This idea focuses on the underperformance of ICICIBANK compared to the Nifty 50 index. By analyzing the daily charts and employing a ratio chart, we can spot a potential opportunity for a pair trade. This write-up...
Attached: NSE:PAYTM Daily Chart as of 5th May 2023 Everybody is talking about ONDC on Twitter and how it is disrupting Zomato and Swiggy. Apparently you can use ONDC via PAYTM to order food online (Note: Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or...
Attached: NSE:LICI Daily Chart as of 12th May 2023 Buy Above 565which is PDH Stop Loss below 555 For Targets: T1= 585 T2= 600 + Bullish Signals: - MACD RSI Bullish Divergence - Accumulation Pattern with Dried Up Volume - Volume Surge started from 4th May - Price above 20 DSMA
Attached: COLPAL/ NIFTY 50 Daily Chart as of 11th May 2023 The above Ratio Chart shows a Classic Bull Flag Setup within an Inverted Head & Shoulders Pattern. This is Bullish Evidence in favor of the Ratio Rallying Upwards They say Buy Strength and Sell Weakness Therefore this makes NSE:COLPAL a BUY given its Potential to Outperform!
Attached: INDHOTEL Daily Live Market Chart as of 26th April 2023 An Ending Diagonal in Wave 4 marked as ABCDE and then Price has been moving Up since then, close to its All Time High Look at Peer Hotel Stocks, they are also making New 52 Week Highs and Breaking Out so Indian Hotels too should follow the Hotel Sector in its journey up Upside Target: north of...
Attached: MARUTI/ NIFTY 50 Daily Chart as of 5th May 2023 This Ratio Chart has just given a Fresh Breakout Buy Signal implying that for the coming days/ few weeks NSE:MARUTI is all ready to Outperform and take Leadership for Nifty 50 Buy Strength and Sell Weakness Hence, expect Buying Action in MARUTI Stock from here on is what the Charts say!