praveshk2

praveshk2

Grasim giving great entry with better risk reward of almost 1 : 4.6, where sl is 1599, and final target is 2100 level, however I between small hurdle would be at 1790, and 1930-1980, recently it gave a golden crossover opportunity on weekly chart where ema 20 crossed ema 50, also broke descending trendline connecting jan22, apr22 on friday and today gave a follow...

praveshk2

Banks looking really good, especially sbi, icici, kotak, and rbl etc., where they are trading near breakout level, while rsi is cooling off, which is very good sign, only concern is hdfc bank where stock seems in pressure, may be that to keep banknifty down and confuse public to exit their position. However if we do analysis for banknifty chart which clearly...

praveshk2

Very attractive entry triggered in divis Lab with favorable risk reward, looks like completed corrective ABC, and formed fresh wave1-2, now ready for wave 3, imp levels would be 3915, 4430, 5040....should complete wave 3 around 4430 or 5040, depending on the momentum. Cmp 3535, sl can be weekly closing below 3360.

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Today broke its channel, breakout target comes around 1010, and 2nd target 1043 , if breaks n retest 1043 can re-enter again, as 1043-1063 is big time support zone, however it's gonna split on 28th Jul so price level will change, and generally it's is observed whenever any stock is about to split, it gives a rally just before the split. Taking support of EMA 20....

praveshk2

After long getting some interesting point to add irctc in portfolio now 1. On weekly taking support of EMA100. 2. On monthly trying to take support of EMA20 abv 600. 3. If we check fib retracemnet, taking support on Golden Ratio 0.618 n taking bounce. 4. If we put Anchored VWap on 1st candle on monthly chart, it's taking support of AVWAP' high, also it's the point...

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Tried breaking out its trandline around 697( feb20 ), failed and fell made low around 290, recovered in next 1 year, and since aug21 till this week for almost 1 year consolidated in a tight range and tried breaking channel n trandline but got rejected from trendline(nov21, feb22). Now finally seems breakout of that 1year consolidation channel, immediate target...

praveshk2

Seems at its 5th of 5th wave, with negative divergence on weekly chart, making rising wedge, rsi heated up, all indicates it is about to or already made top, breakdown of wedge leads to target around 160.

praveshk2

Known for brands like - killer, integrity, lawmanpg3, looking great in chart, at near its bottom of channel, on monthly abt to get crossover of ema20/50/100, last time ema 20/50 crossover happend around 50 rs( jun2010), and gave exit around 315(oct2018) ,nrsi 60 up on d/w/m chart, anytime it comes to 260-240 would be the level to enter for long term, 460 level to...

praveshk2

Many reason to add tvs motor in portfolio, weekly chart pattern looks like breakout of its all time high 792, retested an now again up, auto sector in focus, rsi 60 up in all time frame, there is no resistance upside, at near bottom of its channel, breakout above 887 would be perfect to enter, also if it breaks ascending trendline from oct2019 which connects top...

praveshk2

If bank nifty gives closing above 34400-34500(nearby round figure) on weekly chart, can take bounce till 36500 as its 1st target in coming weeks, as if we move to daily chart 34500 n 34400 has support of ema50 n ema20 respectively, also it measures 0.5 on fib level of last week's candle, which makes it perfect pointn to bounce back. On weekly chart it's forming...

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Fundamentals: Company PE- 3 < Industry PE -15.6, FII increasing its stake quaterly since jun2021(0.32 to 0.67 to 1.02 to 2.54), DII too increasing stake since sep 2021(0.48 to 0.51 to 0.62), almost Debt free with 74.99 promoters holding. Technicals: Forming cup & handle pattern , cup is perfectly formed n now it is at channel bottom getting ready to form handle....

praveshk2 Updated 

This is nifty 50 1hr chart analysis to find target for Jul 2022 months and so, starting from 10-16jun formed shoulder then 16-21 formed head n 21-23another shoulder , so our first target was one shoulder height from breakout point, which shown in green arrow, if we look last 1 hrs candle of 23jun there is no upper wick that showed market could go up, next day...

praveshk2

Itc Giving opportunity which comes one in many years, how?... let's do analysis _ 1. EMA 20/50 crossover on monthly, simple but very effective way to enter in any stock for long term basis, last time it gave crossover when itc was at 15 rs(2003) , n gave exit (reverse crossover ) at 255rs(2020), now again on monthly it gave crossover, a perfect point to enter for...

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Once it closes above 1410-1430 on weekly/monthly chart best time to enter, as currently facing resistance of Ema20 on monthly, ema20,50,100 on weekly and ema20,50,100,200 on daily, once closes above mention level seeing target of 2500-2600 in an year after closing above 1430 9n monthly basis. can take entry now as well but with tight stoploss as it is at bottom of...

praveshk2

Technical chart study indicates multiple signals which indicates adani enterprises going to fall, let's start with Rsi divergence as seen in price made higher high whereas rsi made lower high, also rsi is at most heated place on monthly chart, 2nd indication from channel as its moving along with the high resistance area as price going up volume constantly going...

praveshk2

Formed Pole with Flag, on its border to breakout, 1st target 190 can be achieved instantly after breaking out flag part with in a month or two, and 2nd target 470 can be seen in this financial year. RSI around 60 upwards on all time frame(D/W/M).

praveshk2

Another Auto Stock which is looking quite fantastic is Maruti, if we draw Fib level downwards since dec2017, will find it has come above 0.50 level, which is a sign of reversal and going bullish, again best time was in march to buy at EMA200, however gave a good breakout on 23jun from consolidation phase, looking for immediate target 10000, 14000 (by end of...

praveshk2

Seeking 50% target by end of this year. Target level 1500-1600, RSI crossing above 70 on monthly/weekly and on daily about to cross 70, Mar 2022 was the best time to enter in stock when it took the support of EMA 200 on Weekly chart around 730..It has already given almost 50 % return since then, now heading towards it channel resistance around 1500-1600.