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...
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...
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.
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...
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...
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...
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....
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...
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...
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...
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...
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).
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...
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.
If it had to bounce this was the perfect level 08.00Rs as per fib golden level 0.618, also it had taken support on same level 3 times , if it breaks this level it will be weak enough to touch approx. 6.00 rs level which is also a bottom of highlighted channel in light yellow, however it is a good sign to bounce from the same level where it took support 3 times,...
Now it's sugar stocks looking weak, time to hedge position with call writing, currently on support of ema20 bt as per rising wedge breakdown getting target around 200 round figure(specific 192.95).where it meets ema 200 and gets ready for next bounce.
Just compare rsi support line n price chart you will find whenever it broke ema 20 there was a rsi trendline support at bottom and it bounced from there, however now things seems changed, rsi already broke down of its support trendline, n stock is at to break ema20, it will test ema50 + its channel bottom +trendline from may2014.
If it breaks 2500 level, can see 2300 coming nextwhere it finds its ema20,which is a very good point to bounce, also abest entry to buy however can start SIP on each falling level as anytime on monthly if it closes above 2800 also breaks red channel shown in chart then Reliance can see 4000 level as per blue channel level target.