NIFTY chart analysis showing general view for coming weeks. Chart shows its in bearish mode untill it breakout channel. It has more chances to go down before breaking that.
Pro's: POLICYBZR is at 200 Day moving average. It is at Channel support. It has come to 200d ema supoort for second time. Caution: It has made double top which isn't great technically. If it breaks channel support, then it may take support at IPO Breakout zone. But need to check Q3FY25 result growth pace to confirm it strength in stock.
BLISSGVS is consolidating in monthly chart. Taking trade after monthly confirmation (close above resistance) is good for safe trader Personally I'm following it in daily charts to get a good early entry with some risk. Lets see how it turns. NOTE: NO idea of comapny Fundamentals. Just a technical take. Should plan trade with proper risk management.
CREDITACC chart looks good for uptrend. Good Volumes have seen in Daily chart. It is yet to confirm uptrend by breaking trendline resistance. Pro's: Liquidity pump in system by RBI which is good news for Finance Sector. Waiting for Interest rates to reduce in coming months. Con's: Q3FY25 PAT is down and sales growth is down. Buisness is dull due to...
Pros Ashok Leyland chart looks good for reversal. Auto sector looks relatively strong compared to other sectors in this fall. Risk:Reward Stoploss is Trend line breakdown. Target is ATH. Which gives best Risk:Reward. Cons: Broader Market is very bad currently. One +ve thing in this market is "It is oversold". So Risk Management is very important...
HOMEFIRST chart shows strength with volumes in last few weeks. Channel breakout will push price higher. Stoploss and Targets are given in Chart. Risk Management is important. NOTE: It is Housing Finance company. Good ROE over the years. Not much affected with NPA's like Micro-Finance companies. Fundamentals good. Portfolio stock. It also needs lower...
ARMANFIN Technical: chart is looking good for reversal. Stoploss & Targets are given in chart. In coming growth cycle, it might touch Channel high. Risk Management is very Important as Micro-Finance Industry is in bad shape right now. NOTE: It is NBFC with 2Wheeler, Microfinance, and MSME Loans. MFI segment is currently under very stress due to NPA's so...
IRCTC looks good for reversal. It is forming cup and handle pattern. Currently in Handle structure. 2-3 Quaters down the line it may touch ATH. Targets are given in chart. SL for safe traders is trendline it was taking support on. Risk management is Priority. Need to consider broader market conditions before taking position as swing. I am personally going to...
CAMS already character changed to uptrend, going for 1st breakout of structure Lets plan trade according supports & resistance as per subjective risks
Central bank has made Inverted head & Shoulder and brokeout and made long run along with all psu banks. Now im waiting for perfect entry anywhere at drawn trendlines. Lets see..... This should creat good moeny if planned well with position size and risk management
LXCHEM comapny is done coorrecting from chart's point of view. Looks like Double bottomm in weekly chart. It comes from chemical sector where all stocks from this sector are coming out from long downtrend. So looks like sector backup is there. Need to wait for trendline and Horizontal reistance breakout to confirm for safe trader. Can be a plan very good long...
Bororenewable looks good for me on Weekly Charts. It broke out weekly trendline resistance. Broader market strength doesnt look good. So be cautious of Position sizing. If market drags down bororenew along withit, then stock may settle at 500-540 zone. So this zone might be a good place for average. NOTE: No idea of Fundamentals. Just a Technical view.
ANGELONE Chart analysis. It is coming near trendline support in weekly timeframe. It is not a buy or sell, Just analysis to check where price might take support and then need to take action. It is in my Watchlist to follow and will enter when it is right time. Note: Q3FY25 results are bit dull due to FnO regulation changes recently. Need to wait for Concall...
Biggest bank HDFCBANK is looking good for reversal from trendline in Weekly timeframe.
KOTAKBANK chart shows its near support zone. need to see what price does near supoort. Will enter on confirmation of Breaking weekly resistance. Fundamentals: Pro's: SALES & PAT growth CAGR is positive these 3 years where price is in zone. Not an Overvalued stock. Con's: PE derating might have happened due to drop in sales growth. this may continue...
RELIANCE Chart Analysis Monthly Chart shows it price is near trendline(TL) support. Need to watch what happens here. Either Reverses from TL or falls upto 1000 monthly support. RELIANCE at reversal Point + HDFCBANK at ATH BO retesting ---> Hope Nifty also moves higher. Lets watch and see. Can trade in daily after reversal confirmation. Note: No idea about...
Positives EMS LIMITED broke out ATH today. Water management theme, Supporting theme. negitives Broader market heated up, breakouts may fail. Note: No idea about fundamentals
ASIANPAINTS monthly chart shows price is nearing channel lower side. We need to see whether it takes support or breaks down longterm channel. NOTE: Asianpaints seen-ve sales growth in Q2FY25. Its made some CAPEX, yet to see its result. Paint Industry growth is down currently. Need to see how it grows Q3, Q4FY25. Personally want to buy if i see any...