This is the first part of the video series where I will explain how a high tight flag setup should look like. This will help you shortlist your focus stocks from the stocks that your scanner throws out. A high tight flag setup should have the following characteristics. Here I am using daily timeframe: - The pole is steep. Means high percentage move in a few...
Stocks that I have been tracking : - Anuras - Sbicard - Neulandlab Daily setups on Anuras and Sbicard Daily setup but should be treated as weekly for Neulandlab as stock near life high. Can form a 5* setup
Technical view on the chart. Fundamentally, I could see 2 issues: 1. Overhang of separate listing of SFB 2. Stress in rural economy which might not be reflecting in the current quarterly numbers Above 200 DMA , the idea gets invalidated
Over the last 3 years, Gold has made multiple attempts to rally, but failed in 1300-1375 zone. So, in order to avoid opportunity cost, its better to enter long only above 1375.
Technical view on the chart. Fundamentally, the entire nbfc sector looks weak currently. L&TFH's peers Edelweiss and JM Fin both look weak. May be market is anticipating liquidity crisis 2.0 caused by DHFL. Or may be some issues with the Micro finance loans owing to farm loan waivers. Worth keeping in the watchlist for a shorting opportunity around 138-140 for...
Today's price action makes the bearish set up inconclusive A big green bar can mean bullishness resuming. However, it can also be because of short covering on the expiry day today Both Nifty and Bank Nifty are above 50 DMA now Breadth is still deteriorating making this bullish stance a bit skeptical Tomorrow is budget day so no trades please
Nifty has been bearish for the last few days. However, the bullish candle today closing at the top end of the range hints bullishness. This may be due to expiry too, so lets not jump the gun. Net net, wait for reversal set up to break below 10600 before initiating any short. Of course, above 11000, we turn bullish