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Technical Analysis Report: Balmer Lawrie & Co. Ltd.Overview: Balmer Lawrie & Co. Ltd. is showing key technical setups, offering potential trading opportunities. Here's a concise breakdown based on the daily chart analysis. Key Observations: 1.Fibonacci Retracement: The stock retraced to the 0.5 level at INR 225.00 and rebounded from the 0.382 level (INR 202.40). 2.Chart Patterns: An inverse head-and-shoulders pattern signals potential reversal, with a target of INR 263.45 if INR 249.54 is breached. 3.Moving Averages: Near-term support: 20-day EMA (INR 232.30) and 50-day EMA (INR 238.84). Resistance: 200-day EMA (INR 245.56), aligning with the pattern neckline. 4.RSI Momentum: RSI at 58.36 suggests mild bullish momentum, with room for upside. Key Levels to Watch: Resistance: INR 249.54, INR 263.45, INR 279.95. Support: INR 238.00, INR 225.00, INR 202.40. Potential Scenarios: Bullish: A breakout above INR 249.54 could lead to INR 263.45 and potentially INR 279.95. Bearish: A rejection near INR 249.54 may push prices back to INR 238.00 or lower. Volume Analysis: Rising volume indicates renewed buying interest, supporting a bullish outlook. Conclusion: Balmer Lawrie & Co. Ltd. is poised for a potential breakout above INR 249.54. Traders should monitor key levels closely and manage risk accordingly. Disclaimer: This analysis is for educational purposes only and not financial advice. Conduct your own research before investing.
NSE:BALMLAWRIELong
by AngshumanSaikia
Pfizer Ltd. - Short Position AnalysisChart Overview: The chart indicates that the stock is in a clear downtrend, following a descending channel pattern. The price is nearing a key horizontal support level (marked in black), and a breakdown below this level may present a shorting opportunity. Trade Setup for Short Position: 1.Entry Trigger: Below ₹5,028 on a daily closing basis. 2.Targets: Target 1: ₹4,885 (first demand zone). Target 2: ₹4,760 (strong support and lower boundary of the descending channel). 3.Stop Loss: Above ₹5,187 (recent swing high and red-dotted resistance level). 4.Risk-Reward Ratio: Ensure a favorable ratio of at least 1:2. Alternate Scenario: If ₹5,028 holds as support, the stock might see a pullback toward ₹5,187, where selling pressure could resume.
NSE:PFIZERShort
by AngshumanSaikia
Polycab India Ltd. - Short Position SetupAnalysis for Short Position Condition: 1.Key Breakdown Level: ₹7,282 is a critical horizontal support level. A decisive breakdown below this level could trigger a bearish move. 2.Volume Profile Analysis: Below ₹7,282, the volume profile shows limited buying interest until ₹6,997, suggesting a potential drop to this level. Further weakness could see the stock test ₹6,746, where significant buying activity has previously occurred. 3.Trendline Breakdown: The stock is trading within an ascending channel. A breakdown below ₹7,282 will confirm the failure of this channel, indicating a trend reversal. 4.Moving Averages: The 20-day EMA is currently acting as dynamic support near ₹7,282. A breakdown will likely push the stock toward the 50-day EMA around ₹6,997. The 200-day EMA near ₹6,746 is a long-term support level to monitor. 5.RSI (Relative Strength Index): RSI is neutral but could head toward oversold levels if the breakdown occurs, strengthening the bearish view. 6.Volume Confirmation: Watch for an increase in sell-side volume during the breakdown for confirmation. Trade Plan for Short Positions: Entry Trigger: Below ₹7,282. Targets: Target 1: ₹6,997 Target 2: ₹6,746 Stop Loss: Above ₹7,438 (previous high near resistance). Risk-Reward Ratio: Ensure an ideal ratio of at least 1:2 for the trade. Alternate Scenario: If ₹7,282 holds and the stock bounces, the immediate upside resistance is ₹7,654, above which the stock may resume its bullish trend.
NSE:POLYCABShort
by AngshumanSaikia
SBI Life Insurance Co. Ltd. - Technical Analysis UpdateSupport and Resistance Zones: 1.Key Support Zone: ₹1,385-₹1,463 This zone aligns with the Fibonacci 0.236 retracement level and the recent reversal point, making it a strong support. 2.Immediate Resistance Levels: ₹1,555 (Fibonacci 0.382 retracement). ₹1,630 (Fibonacci 0.5 retracement). ₹1,705 (Fibonacci 0.618 retracement), a crucial level to watch. 3.Fibonacci Retracement Levels: The stock has retraced sharply from its high of ₹1,943 and is showing signs of reversal near the 0.236 Fibonacci level. A breakout above ₹1,500 could confirm bullish momentum toward higher Fibonacci levels. 4.Volume Analysis: Volume appears to be increasing near the support zone, indicating buying interest from market participants. The Volume Profile indicates strong accumulation between ₹1,400-₹1,500. 5.Moving Averages: The stock is attempting to reclaim the 20-day EMA as a dynamic support. A crossover above the 50-day EMA could signal further bullish strength. 6.RSI (Relative Strength Index): RSI is recovering from oversold levels, indicating a possible trend reversal. A move above 50 would strengthen the bullish case. 7.Projection: If the stock sustains above ₹1,463, it could aim for ₹1,555 in the short term and ₹1,705 in the medium term. A break below ₹1,385 would invalidate this view and could lead to further downside. Conclusion: SBI Life Insurance is poised for a potential bounce-back. Traders can consider entries near the ₹1,450-₹1,470 range, targeting ₹1,555 and ₹1,705 with appropriate stop losses below ₹1,385.
NSE:SBILIFELong
by AngshumanSaikia
PFC: Bullish Breakout with Raghanseda Project Development 1.Chart Pattern: The stock has broken out of a downward-sloping trendline after a prolonged consolidation phase within a rectangle pattern (yellow box). This breakout is supported by higher volumes, signaling strong buying interest. 2.Fundamental Trigger: Power Finance Corporation has incorporated an SPV for the Raghanseda Transmission Project, enhancing its growth outlook. 3.Technical Levels: Current Price: ₹512.20 Immediate Support: ₹499.95 (near breakout zone). Critical Stop-Loss: ₹472.95 (below previous support). Upside Targets: ₹527.45 (minor resistance) and ₹556.00 (major target, ~11% upside potential). 4.Indicators: RSI is trending upwards, indicating positive momentum but not overbought. Moving averages are aligning for a bullish crossover, supporting further upside. 5.Projection: If the price sustains above ₹500, we could witness a rally towards ₹556 in the near term. Traders may consider entering on pullbacks near ₹500 with a stop-loss at ₹472.95. Risk Disclaimer: This is for educational purposes only. Conduct your own research before making any trading decisions.
NSE:PFCLong
by AngshumanSaikia
ICICI Lombard GIC Ltd. - Technical AnalysisPrice Action: The stock recently took support near the 0.5 Fibonacci retracement level around ₹1,892, bouncing back with strong momentum. This aligns with a visible bullish RSI divergence as the price formed lower lows while the RSI made higher lows, signaling a potential reversal. Key Levels (from Fibonacci): Resistance 1: ₹1,987 (61.8% Fibonacci level) Resistance 2: ₹2,127 (78.6% Fibonacci level) Final Target: ₹2,299 (Fibonacci extension, previous high) Support 1: ₹1,892 (0.5 Fibonacci level, current support) Support 2: ₹1,796 (38.2% Fibonacci level) Support 3: ₹1,677 (23.6% Fibonacci level) Entry, Stop Loss, and Targets: Entry: Around ₹1,940-₹1,950 (post breakout confirmation above ₹1,950). Stop Loss: ₹1,875 (below the 0.5 Fibonacci level and near recent support). Targets: Target 1: ₹1,987 (61.8% Fibonacci level) Target 2: ₹2,127 (78.6% Fibonacci level) Target 3: ₹2,299 (previous swing high) Volume and RSI Observations: The volume profile shows increased participation near ₹1,900 levels, confirming accumulation. RSI is recovering from oversold levels and shows divergence, supporting a potential bullish continuation. Conclusion: If the stock holds above ₹1,892, the bullish trend might continue toward ₹1,987 and higher targets. Maintain discipline with the stop-loss to manage risk effectively.
NSE:ICICIGILong
by AngshumanSaikia
Zydus Lifesciences (NSE:ZYDUSLIFE)Overview: Zydus Lifesciences is currently at an interesting juncture, with signs of a potential reversal from recent lows. The price action suggests a possible recovery towards higher resistance levels, supported by technical indicators and market sentiment. Nomura's revised price target of ₹1,030, while maintaining a Neutral rating, aligns with this view. Key Levels to Watch: Current Price: ₹966.65 Immediate Support (SL): ₹902.55 Key Resistance Zones: ₹1,008.35, ₹1,041.45, and ₹1,102.15 Technical Analysis: Volume Profile: The visible range volume profile shows significant accumulation near ₹1,000, which could act as a strong magnet for the price. Moving Averages: The stock has started reclaiming its short-term moving averages. A breakout above the 200-day MA would confirm bullish momentum. RSI (Relative Strength Index): The RSI is trending upwards, indicating improving bullish momentum. Divergence suggests a potential reversal. Price Action: The formation of higher lows near ₹949 reinforces the possibility of a short-term recovery. Trading Strategy: Entry Zone: Between ₹950 and ₹970, as the stock shows stability near support levels. Stop-Loss: Strict stop-loss at ₹902.55 to limit downside risk. Targets: Target 1: ₹1,008.35 Target 2: ₹1,041.45 Extended Target: ₹1,102.15 Risk Management: Position size will depend on risk tolerance, ensuring a Risk-Reward ratio of at least 1:2. Avoid chasing the price above ₹970 if momentum wanes. Final Thoughts: Zydus Lifesciences presents a favorable risk-reward scenario with clear technical signals for a rebound. However, macroeconomic factors and sector performance will play a critical role in sustaining the move. Traders should monitor price action near the resistance zones closely for signs of continuation or rejection.
NSE:ZYDUSLIFELong
by AngshumanSaikia
MAZDOCK Breaks Downtrend Channel After Securing Major OrderMazagon Dock Shipbuilders Ltd (NSE: MAZDOCK) has shown a strong price action today, breaking out of the downward trend channel after securing a significant order worth ₹1.22 billion from Maharashtra State Power Generation. This news has spurred bullish sentiment, driving the stock up by +4.55% to ₹4,472.40. Technical Insights: Downtrend Channel Breakout: The stock has successfully broken out of the descending channel that has been intact since early July, signaling a potential reversal of the downtrend. Key Support Levels: The stock bounced from a strong support level at ₹4,248.30, which held firm despite recent downward pressure. Resistance Levels : Immediate resistance lies at ₹4,714.40, where the stock previously faced selling pressure in late September. A breakout above this level could push the stock towards ₹5,147.20 and then ₹5,555.05. Volume and Momentum: The recent price surge is accompanied by increased volume, suggesting that the bullish move is supported by strong buying interest. RSI is moving upward, currently near 60, indicating room for further upward movement before overbought levels are reached. Fundamental Catalysts : The order from Maharashtra State Power Generation strengthens Mazagon Dock’s business outlook, providing long-term revenue visibility and boosting investor confidence. Outlook: If the stock manages to sustain above ₹4,248.30, it could see further upside in the short-to-medium term, targeting the next resistance at ₹4,714.40 and beyond. However, a failure to hold above this breakout level may see the price retest support around ₹4,000.
NSE:MAZDOCKLong
by AngshumanSaikia
Fundamental & Technical analysis on USDZAR shorts Fundamental : Open Interest on the South African Rand is increasing which is a Bearish signal/confluence. Commercial (Hedgers) Short positions are also increasing which for Exotic pairs like USDZAR means they are covering their Longs and add yet another Bearish confluence. Non-Commercial is also increasing its Long positions which is once again Bearish since you have too see it from a 180 degree view point. COT Report : cot-reports.com Technical : On the Technical Analysis side of things we have the 5 EMA crossing down the 20 EMA at the same time that Momentum is negative and the Stochastic %K line is underneath the 50% line Stop Loss & Take Profits : To determine my Stop Loss and Take Profits I use a Fib Retracement drawn from a recent significant Low to a recent High. My strategy uses the 0.236 Fib LVL as the Stop Loss, for this trade that means 18.51172 on the chart is my Stop. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is at Fib LVL 1.414, Take Profit #3 is at Fib LVL 1.618, Take Profit #4 is at Fib LVL 2, Take Profit #5 is at Fib LVL 2.272, and my final Take Profit which is #6 is at Fib LVL 2.618.
Short
by Iateyourcroissant
Sumitomo Chem India Ltd: Weekly Breakout with Strong Buy Signal!📊 Sumitomo Chemical India Ltd - Technical View 🔍 Weekly Timeframe: Resistance Trendline Breakout 🚀 Big Bullish Green Candle with volume 📈 📈 Indicators: MACD: Buy Signal ✅ Oscillators: Buy Signal ✅ 💵 CMP : 608 📉 Key Levels: Stoploss: 570 Target : 1:3 Trail your Stoploss for the target of 1:3 Target 1: 630 Target 2: 660 Target 3: 700 Disclaimer : "Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades." #StockMarket #TechnicalAnalysis #Breakout #Bullish #SumitomoChemical #Trading
NSE:SUMICHEMLong
by Amankuckreja
New Features For Dynamic Pivot Levels - Percentage indicatorIn our latest update, we’ve packed in some exciting new features and enhancements that will elevate your analysis experience to the next level: Exciting New Features: We’ve added additional Exponential Moving Averages (EMAs), allowing you to track five different EMAs tailored to your needs. But that’s not all – we’ve introduced smiley indicators that give you instant feedback on whether the price is above or below the moving average. Now you can analyze with a clean, clutter-free chart! Fibonacci Level Enhancements: We’ve upgraded the logic behind Fibonacci levels to give you more accurate insights. The improved Fibonacci calculations provide a clearer, more precise visual representation, helping you make better-informed decisions. A Sleek, Streamlined User Interface: We know how important it is to work with a smart, efficient tool, so we’ve revamped the user interface! Settings are now neatly organized into categories, allowing you to quickly and easily customize everything you need. This makes your workflow smoother and faster. This update doesn’t just bring new capabilities – it makes the tool more accessible and user-friendly than ever. It’s your key to staying focused on precision analysis, without the distractions!
NASDAQ:AMZNEducation
by The_Real_Hippopotamus
Fundamental & Technical Analysis on USDCAD Short Fundamental : The COT Report for Canadian Dollar is showing a increase in Open Interest (OI) which is a Bearish sign. Commercial (Hedgers) Long positions are increasing at the same time OI is increasing which means they are covering their Longs and is also considered Bearish. Non-Commercial Short positions are increasing as well adding to the Bearish sentiment. COT Report: cot-reports.com Technical : We have the 5 EMA crossing down the 20 EMA while price action is underneath both, Momentum is negative, and the %K line is underneath the 50% line. Targets/Stop Loss : I'm using a Fib retracement from a recent Low to a High to determine my Take Profits and Stop Loss. My Stop Loss is at the 0.236 Fib LVL which is $1.38783 on the chart. At every TP I take half of my position off, for TP #1 I'm aiming for the 1.272Fib LVL which is $1.35778 on the chart, TP #2 is the 1.414Fib LVL which is $1.35366 on the chart, and the TP #3 is at the 1.618Fib LVL which is $1.34774. TP #4 is at the 2Fib LVL, TP #5 is at 2.272Fib LVL, and TP #6 is the final one which is at 2.618Fib LVL.
Short
by Iateyourcroissant
BDL - BREAKOUTBharat Dynamics is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments. FUNDAMENTAL - Company is debt free - 1 year return : 200 % - 5 year return : 900 % - Company is generating wealth - Free cash flow 10Y : 2300 cr TECHNICAL - After 1 month of staying in a range and a few attempts of breakout, the stock is finally breaking out towards new highs. - RSI is 70 on daily which may be slightly overbought but if can be bought for a swing trade ( 3 - 5 trading days ) - Trading above 21 and 50 EMA - Bullish - MACD attempting to cross over. Overall for swing trade : BULLISH For Investment : Wait for pullback as RSI on monthly TF is 90 which is highly overbought. Place a SL If you missed your entry, wait for a pullback and enter at the retest zone or when crosses the high of the pullback. Happy Trading:)
NSE:BDLLong
by rohix
Fundamental & Technical analysis on USOILMay 20th 2024 Fundamental: Were seeing a up tick in Non-comm Long and Short positions being held. Shorts are increasing at a faster pace. The Net positions is positive and holding steady. Commercial (Hedgers) short positions is increasing significantly quicker then Longs, Net position is negative and decreasing/holding. Technical: I'm expecting to see consolidation for the coming week/s between 78-81 with price action making a lower high causing a fake EMA cross over to the upside and setting its self up for more down side. Entry Criteria: For me to consider a entry i have to keep seeing Short positions increase for both Non-comm and Comm in the coming weeks as well as Non-comm Longs decreasing. Ideally for Price action i want to see USOIL consolidate then make a lower high before its leg down (BLUE), there's the possibility it makes the lower high without consolidating (RED) but I do need to see the 5 EMA cross down the 20 EMA while Momentum is negative and the Stochastic is crossing down 50%
TVC:USOILShort
by Iateyourcroissant
More upside possible on XAGUSD, Fundamental & Technical AnalysisFundamental: The past two months we've been seeing consistent growth in long positions, short positions on the other hand haven't been experiencing the same consistency with the amount lowering. The Net Position is positive and has been growing consistently the past two months. Open Interest is positive and growing in the sentiment, Total OI has been growing consistently for the past two month but we've seen a drop with the last report. COT Report: cot-reports.com Technical: On the daily time frame we're trading above the EMAs while at the time having the 5 EMA cross up the 20 EMA. Momentum is positive while at the same time having the stochastic pointing up and going over the 50% mark Target/Stop: I'm targeting the highs with a Stop under the lows.
BLACKBULL:XAGUSDLong
by Iateyourcroissant
Fundamental & Technical Analysis on XAUUSD Fundamental: Gold has seen the amount of long positions grow these past two months and be able to sustain that grow in a range from 560K-285K+, Short Positions have been maintaining about the same roughly staying in the range from 80K-66K. Open Interest is leaning bullish with growth this past month but for the past two month we see some ups and downs followed by what looks to be possible consistency looking ahead. COT report: cot-reports.com Technical: On the Daily time frame were getting Price to trade above the EMAs while at the same time the 5 EMA is crossing up the 20 EMA. The Stochastic is pointing toward the sky working towards braking the 50% level, Momentum is also positive Target/Stop: My target will be around the most Significant high, Stop underneath the lows when my idea becomes invalid
FOREXCOM:XAUUSDLong
by Iateyourcroissant
2
Fundamental & Technical Analysis on NDQ100Fundamental : COT report shows a rise in shorts positions continuing the past 3-4 week while simultaneously showing a decrease in longs positions held the past 4 weeks. Net positions also show a large change from 7.8K down to 535, a -88.71% change. Open interest is split between both longs and shorts with neither showing an advantage, over all OI has decreased a little COT Report : cot-reports.com Technical : From a technical prospective price action is underneath the EMAs, were getting the 3 EMA cross down the 10 EMA while Momentum is negative, and the Stochastic is underneath 50% TP/SL : Target around recent lows with a stop above highs
EIGHTCAP:NDQ100Short
by Iateyourcroissant
Future AUDUSD selloff very possible Fundamentals : The RBA (Reserve Bank of Australia) kept interest rates at a 12-year high of 4.35%. The COT (Commitment of Traders) Non-Commercial Report for AUDUSD showed a larger number of participants holding shorts over longs but we’ve had about 15k shorts close their positions since the last COT report so there is that going against the bearish sentiment. Net position overall is still negative but it had a positive change of 13k or 13.51% which also goes against the bearish sentiment. % OI for longs is 18.40% while the % OI for shorts is 55.5%, Open Interest being 224.5k which is -14k lower then last weeks reports Technicals : We get the 3-EMA crossing-over the 10-EMA to the downside while price action is possibly staying underneath both EMAs. Stochastic is facing down while crossing the 50% mark and the Momentum is negative. Stop loss above the top trend line, Targeting prominent recent Lows.
Short
by Iateyourcroissant