Consider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form. Reasons are listed below : Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a...
With a rich legacy and a strong foothold in the industrial sector, Finolex Industries emerges as an intriguing candidate for swing traders seeking opportunities in the market. Reasons are listed below : Breakthrough Attempt: After multiple tests, the stock is attempting to break through the critical 240 level, signaling a potential bullish breakout. ...
PIDILITE INDUSTRIES looks good for a swing trade. This stock is a fundamentally strong and is now available at a discount as per technicals. The Reasons are listed below : Strong support at 2250-2300 levels. Formed a strong bullish engulfing candle on weekly timeframe. 0.382 Fibonacci support. Broke falling wedge pattern i.e a bullish sign. Holding onto...
Fortis Healthcare , a leading Indian healthcare provider, presents a compelling opportunity for swing trading. Reasons are listed below : Breakout from Key Resistance Zone : The 450 level has acted as a strong resistance, being tested multiple times. The price is now breaking out of this zone, indicating strong upward momentum. Bullish Engulfing Candle on...
There seems to be a strong breakout in CASTROL IND . This could potentially be an excellent swing trade. Reasons are listed below : Multiple tests on 161 levels and finally the price broke these levels with high volumes. Marubozu candle (bullish sign) on weekly timeframe. Breakout after a strong consolidation of 5years . Stock price is above 50 and 200EMA...
Chambal Fertilisers , a prominent player in the fertiliser industry, has recently garnered attention for its intriguing price action and technical indicators, prompting a closer examination for potential trading prospects. Reasons are listed below : Recent price action witnessed a breakthrough of the strong resistance zone at 350 levels, indicating a potential...
Rallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators. Reasons are listed below : After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a...
NIFTY50 is currently within a robust bullish channel, displaying consistent growth since the emergence of bullish sentiment. Price has adhered to the previous high established on the daily timeframe. We anticipate potential price action to remain within the upper and lower boundaries for a period. Upon future confirmation of a breakout at the lower boundary, a...
Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity. Reasons are listed below : A notable breakout has occurred, as the stock successfully breaches...
Varroc Engineering presents a compelling case for a potential swing trade, backed by several key indicators. Reasons are listed below : After multiple tests, Varroc Engineering broke through the crucial 500 level and is now retesting it, indicating a potential shift in market sentiment. A doji candlestick formation on the weekly timeframe and a bullish...
A potential swing trade opportunity in Redington Ltd , a leading distributor of technology products and supply chain solutions. Reasons are listed below : The stock has broken above a significant resistance zone of 180-190, and it has successfully retested this level, indicating potential upward momentum. Redington Ltd recently broke out of an ascending...
A potential swing trade opportunity in PCBL (Phillips Carbon Black Limited), the largest carbon black manufacturer in India. Reasons are listed below: Strong Support at 230-240 Zone : PCBL is rebounding from a robust support level, reflecting market confidence in the company's leading position and expertise in the carbon black industry. 'W' Pattern : A 'W'...
A potential swing trade opportunity in Suzlon Energy - a leading renewable energy solutions provider in India. Reasons are listed below : Strong Support at 34-36 : Suzlon Energy has found a robust support level in the 34-36 range, indicating resilience and potential buying interest at these levels. Bullish Engulfing Candle : A bullish engulfing candlestick...
Consider a compelling swing trade opportunity in Aavas Financiers , a leading housing finance company in India. Reasons are listed below : Bullish Marubozu Candle on Weekly Timeframe : Aavas Financiers shows a strong bullish candlestick pattern, indicating robust buying pressure and potential upward momentum. Engulfing 22 Weekly Candles : The stock's bullish...
This setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards . Reasons are listed below : Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points. Bullish Marubozu Candle : A...
Uno Minda , a leading automotive components manufacturer, stands out as a compelling candidate for investors. Reasons are listed below : Multiple tests on the 600-630 levels followed by a breakout, now undergoing retesting, indicating a significant market shift. Identification of a bullish "morning star" on the daily timeframe and a bullish "hammer" on the...
Page Industries presents a compelling investment opportunity, supported by both technical indicators and robust fundamentals. Reasons are listed below : Technical strengths : The psychological level of 35,000 has shifted from a resistance point to a strong support level, reflecting market confidence in the company's prospects. The formation of a hammer...
The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains. Reasons are listed below : Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough. Stock is in...