The Nifty 50 Index (NIFTY) has been trading within a Channel Up since late December 2023 and today it hit the April 10 2024 High. That was a Higher High for the Channel Up and the price immediately got rejected. Based on the 1D RSI, it may rise some more to its Resistance Zone before getting rejected but this sequence is very similar with the February 02 2024...
Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation. Breakout and Retest : After multiple...
BSE Ltd What's my new trade plan NSE:BSE If you've been following the stock market, you may have noticed that BSE LTD was one of the biggest wealth creators last year and is now setting up nicely. I covered the company's fundamentals in a previous analysis, which you can find through the link below. Added now with anticipation will be a weekly breakout...
1) The stock is breaking out of a 6 year old consolidation zone in yearly time frame. 2) The stock is reversing from a Fib 61.8% in yearly time frame. 3) The stock is breaking it's previous swing high. 4) The stock is above to form a strong 3 Month breakout if March closes strong. The stock structure looks strong, one may accumulate in dips for a long term...
Consider a potential swing trade opportunity in Craftsman Automation . Reasons are listed below : Strong Support at 3700-3800 : The stock has established a solid support level in the range of 3700-3800, formerly a resistance zone, indicating a significant shift in market sentiment. Bullish Hammer Candlestick : A bullish hammer candlestick observed on the...
Zensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade. Reasons are listed below : Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout...
MapmyIndia (CE Info Systems) presents a compelling prospect for swing traders. Combining innovative technology with mapping solutions, MapmyIndia has established itself as a leader in the navigation and location-based services industry. Reasons are listed below : The 1600-1700 range, once a challenging barrier, has now transformed into a strong support...
#BajFinance has been consolidating in this channel since Sep’21 IF and when this breaks, it will be a decisive move and can set the trend for next few months. Mark these levels on your chart so that you do not miss the breakout!
The stock has broken upside of it's important supply region - 2018 all time high levels , clear Volatility contraction in place. Breakout and Retest has happened - level - 162. As per the Technical pattern, target of minimum 236 is seen. As mentioned in charts, My entry at 178 with an SL of 5%, target of 30% - 236 - Trailing as per Price Action.
Today, we delve into KPR Mill Ltd , where a confluence of technical factors suggests a potential swing buying opportunity. Reasons are listed below : KPR Mill Ltd recently revisited the critical support at 760 levels, a zone that has historically proven significant. The noteworthy aspect is the successful breach and subsequent retest, signaling potential...
Rationale: Stock has been taking rest at short term moving averages but MACD and RSI's internal crossover is suggesting some buy.
Banking stocks had been outperformers in 2023 but has been laggard until now in 2024! Things are about to turn around in coming week if we sustain above 48400 which is a "Neckline of an ascending triangle" formed on weekly charts of Bank Nifty. Indicators like RSI has already shown signs of a new rally by internal crossover last week. Target which will be...
Nifty has been in side ways directions since quite some time but now the parallel channel seems to take it to 22800+ next week. Indicators are sweetly placed with bullish crossover and short term moving averages at 22252 could act as stop loss to all longs!!
The stock has taken good support at fibonacci retracement levels. A close above 85 would be a safe entry to buy with swing high being the first target. ADX also supports the view Entry - Above 85 Stop Loss - 77 Target - 118
The stock is in uptrend in all Higher time frames. The stock has been in good consolidation for 12 weeks. Downside wicks in the last 3 weeks indicate good buying coming in. The last week candle seems to be an indecision candle post diminishing selling pressure and buying stepping in. The lower time frame price actions such as Daily and 75 mins confirm the...
ACC has recently emerged as a focal point of interest, presenting a promising buying opportunity when analyzed through the lens of technical indicators. Reasons are listed below : The 2080 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels. A bullish marubozu candle is...
Jindal steel looks like set for major breakout of 15+ years of 796. As per wave count too it look set for a major wave. Buy in the zone of 750-770 & add more above 800 for good targets of minimum 900 & much more in the coming months. Stop loss should be anything below 750
Exploring the technical landscape, our focus shifts to Eid Parry India - a stalwart in the agribusiness sector. Let's delve into the pivotal factors shaping this enticing scenario. Reasons are listed below : Eid Parry India has revisited the critical level of 630, marking its all-time high, and is now positioned to potentially break through this significant...