ABFRL (Daily): - Stock is taking support on Rising Trendline - ABFRL is consolidating near support (Trendline Support) - Can consider going long above closing of 258 levels - Stock has given closing above 20 Days MA in Daily Time Frame - Also RSI is reversing from Oversold Zones in Daily Frame Note: Above analysis is just for educational purpose.
Tata Chemicals (Weekly) 1. Stock is making Flag and Pole Pattern 2. Positive crossover in 5,13 days Exponential moving Average 3. RSI above 60 levels 4. Took support from 13Days Exponential moving average Tata Chemicals(Daily) 1. Closing above 1195 can be a good buy
Nifty Monthly Analysis: Nifty was in bear run where it corrected almost 55% from its all time high levels in 2008. Then the range of sideways continued till Mar'2014 before giving the breakout. Since 2014 to September 2022, markets were in bull run where there was the spike of almost 170%. Since October'2022, markets are in the range where it has corrected for...
Nifty Auto (Weekly): 1. Currently in the consolidation range 2. The sector is on the verge of breakout, therefore if Nifty closes above 16400, Nifty Auto can give a good move above 11500 3. Also, the sector has retraced from 50% Fibo levels making a Higher low 4. We can start adding up Auto stocks whose pattern looks similar to Nifty Auto for Portfolio Building 5....
Nifty Energy(Weekly): 1. The sector is currently in uptrend making Low, High, Higher Low and Higher high 2. Also, its taking support at trendline 3. And, another support comes at horizontal levels of 25511 4. Any closing below 25511 will change the structure of the trend Thoughts Please?
BSE: Sector: Banking and Finance Industry: Exchange BSE (Daily): 1. Stock is consolidating at 38.2 Fibo levels 2. Forming Penant pattern 3. Long above closing of 920 levels (after breakout) Addl Points: 1. FII/FPI have increased holdings from 7.59% to 9.06% in Dec 2021 qtr. 2. Mutual Funds have decreased holdings from 1.28% to 0.77% in Dec 2021 qtr Note:...
Divis Labs: Sector: Pharma and Biotechnology Industry: Pharma Divis Laboratories (Weekly): 1. Double Bottom 2. Breakout of Double Bottom 3. Positive Crossover of 5,13 Weeks Exponential Moving Average Daily: 1. RSI Bullish Divergence and Double Bottom Breakout 2. Trendline Breakout 3. Good to buy above consolidation breakout (closing above 4590) 4. Positive...
Nifty Consumption (Weekly): 1. Reversal from 38.2 Fibo Levels 2. Chanel Breakout 3. Good Marubuzu candles 4. Looks Good for upside Major constituents are: 1. HUL 10% 2. Airtel 10% 3. ITC 9%
Nifty Pharma (Weekly): 1. Nifty Pharma has given Chanel Breakout 2. Positive crossover of 5, 13 days Exponential Moving AVerage 3. Bounced back from 50 DEMA Major Constituents of Nifty Pharma are: 1. Sun Pharma 22% 2. Divis Labs 12% 3. Cipla 11% 4. Dr Reddy 11%
Nifty Metal (Weekly): 1. Nifty Metals has given a Chanel Breakout. 2. We can consider going long on Metal sector 3. Also upper Bollinger Band is challenged 4. RSI is above 60 levels A perfect Bullish condition Major Stocks in Nifty Metal are: a) Tata Steel 23% b) Hindalco-18% c) JSW Steel 15% d) Adani Enterprises-12%
Paytm (Daily): 1. Bullish Divergence (wrt RSI) 2. Also formed a Double Bottom on Charts 3. Can go long above closing of 578 4. Currently at 5 Days Exponential Moving Average Note: The above analysis is just for Educational purpose
ACC: Industry: Cement and Cement Products The stock is discounted at 17% from all time high levels. Daily Chart: 1. Respecting its falling trendline 2. Forming RSI Bearish Divergence (Stock is forming HH and RSI is forming LL) 3. Formed Doji and Shooting Star (bearish candles) on trendline Addl Points: 1. FII/FPI have decreased holdings from 13.76% to...
Birla Soft: Industry: IT Consulting and Software The stock is discounted at 17% from all time high levels. Daily Chart: 1. Formation of Inverted Head and Shoulders Pattern 2. Positive Crossover of 5, 13 Days Exponential Moving Average 3.Target 1 would be Length of shoulder i.e 520 levels 4. Target 2 would be Length of Head i.e all time High levels i.e 580...
HDFC Ltd (Daily): 1. Formation of Inverted Head and Shoulder Pattern (Bullish Pattern) 2. Trendline breakout 3. Positive Crossover of 5,13 Days Exponential Moving Average Addl Points: 1. FII/FPI have increased holdings from 30.12% to 30.45% in Dec 2021 qtr. 2. Mutual Funds have decreased holdings from 4.65% to 4.27% in Dec 2021 qtr Notes: The above analysis...
Stock is trading at 28% discount from all time high levels. HDFC Life (Daily): 1. Made Higher Highs and Higher Lows 2. Reversal from 78.6 Fibonacci Levels 3. Positive Crossover of 5,13 Days Exponential Moving Average 4. Gave Breakout with good volumes from the range 5. Targets-560, 595 Addl Points: 1. FII/FPI have increased holdings from 30.12% to 30.45% in...
Tata Consumer (Daily): 1. Trendline Breakout 2. Resistance level Breakout 3. Reversal from 50% levels 4. Trading above 200 Days Moving Average 5. Positive Crossover of 5, 13 Exponential Moving Average 6. Target 1- 850 Addl Points: 1. FII/FPI have decreased holdings from 25.93% to 25.67% in Dec 2021 qtr 2. Mutual Funds have decreased holdings from 7.33% to 7.02%...
Bajaj Auto (Weekly): 1. Double Bottom / W breakout 2. Trendline Breakout 3. Trading above 200 Days Moving Average 4. Positive Crossover of 5,13 Days Exponential Moving Average 5. Increasing Volumes 6. Target 1- 4000 Addl Points: 1. FII/FPI have decreased holdings from 11.21% to 10.20% in Dec 2021 qtr 2. Mutual Funds have increased holdings from 4.88% to...
Coal India (Daily): 1. Stock has formed a Double Top 2. Also there is RSI divergence 3. Today's candle closed below yesterday's low 4. Closed below 5 Days Exponential Moving Average 5. First Support 172.50 levels