Consider a promising swing trade opportunity in Elecon Engineering Company Limited , a leading provider of power transmission solutions, material handling equipment, and engineering services. Reasons are listed below : Decisive Breakout of Resistance : The price level of 1120, previously a strong resistance, has been decisively broken, indicating potential...
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...
In the dynamic realm of market opportunities, Latent View Analytics emerges as a compelling prospect, poised for an upside rally. Reasons are listed below : After multiple tests at the crucial 500 level, Latent View Analytics is currently positioning for a decisive breakout. Robust bullish marubozu candles, both on the weekly and daily timeframes, signal a...
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...
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...
In the ever-evolving tapestry of stock markets, CoForge has emerged as a compelling prospect, hinting at the possibility of a promising rally. The technical landscape paints an intriguing picture, suggesting favorable conditions for a potential swing trade. Reasons are listed below : CoForge has undergone multiple tests within the 5800-5900 zone, breaking...
Just Dial , a leading player in the digital search and discovery domain, presents an intriguing opportunity for swing traders seeking to capitalize on emerging market trends. Reasons are listed below : Just Dial has repeatedly tested the 880-920 range and is now showing signs of breaking through, indicating potential upward momentum. The emergence of a...
Gujarat State Fertilizers & Chemicals Limited (GSFC) , a stalwart in the fertilizers and chemicals industry, is renowned for its innovative products and steadfast commitment to agricultural sustainability, making it a compelling candidate for swing trading enthusiasts seeking opportunities backed by solid fundamentals. Reasons are listed below : After...
In this post, our spotlight is on Mphasis , a stock that has piqued our interest as a potential candidate for a swing trade, presenting the prospect of an upward rally. Reasons are listed below : The recent breakthrough of the 2450-2500 zone, coupled with a subsequent retest, suggests a solid foundation and potential support at these levels. Holding...
Home First Finance Company (HFFC) , a leading player in the housing finance sector, is flashing signals of a potential swing trade opportunity. Reasons are listed below : The stock has repeatedly tested the 860-880 range, breaking through it recently. It's now revisiting this range, suggesting a potential support-turned-resistance dynamic, a classic setup for...
Strong breakout and a retest is on going previously 111 levels acted as a strong resistance and now it is broken and is acting like a support 50EMA support on daily TF 0.61% Fibonacci support
Grindwell Norton invites attention as it positions itself for a potential breakout. This exploration delves into the compelling factors shaping a promising swing trading opportunity. Reasons are listed below : Grindwell Norton has undergone rigorous testing at the 2320 levels, displaying resilience and now gearing up for a potential breakthrough. A bullish...
the New India Assurance Company Limited (NIACL) currently presents a compelling swing buying prospect. Reasons are listed below : After multiple tests in the 250-260 zone, NIACL has successfully breached this critical level, signaling a potential shift in momentum. A bullish marubozu candle on the daily timeframe emphasizes the strength of the upward...
We can see a very good buying opportunity in NAZARA TECHNOLOGIES . The reasons are stated below : 750-770 zone was tested multiple times and finally it broke and is now retesting it 0.382 Fibonacci support Price action formation - higher highs Double bottom pattern on higher timeframe (500 zone) Targets - 926 // 1066 // 1345 // 1681 StopLoss - 730 on...
This study involves a meticulous examination of historical price patterns, chart formations, and key technical indicators that collectively point towards an opportune moment for investors in NYKAA . Reasons are stated below : The 155 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting...
Technically the stock looks good. There are multiple confirmations for the same. The reasons are stated below : stock is in a uptrend and corrected till the 0.618 zone (golden zone) 50EMA support in daily TF created a 'W' pattern a strong bullish engulfing candle on a crucial zone (engulfed 4 daily candles) Stock could easily move unto 193-198.65 levels...
ALL TIME HIGH !! The stock price breached 'all the high' mark. The momentum seems to be strong. We can see a potential up move in SAINT GOBAIN . Reasons are stated below : Daily candle closed above all the high. Price broke out after a consolidation phase of 4months. Formed a marabozu candle on weekly timeframe. Price is above 50 and 200EMA. ...
Nazara Technologies has captured our attention as a prospective candidate for a swing trade, showcasing compelling technicals that hint at the potential for an upward rally. Reasons are stated below : Nazara Technologies has undergone multiple tests around the 900 levels and successfully broken through, signaling a notable shift in market dynamics. A...