Break-out on cards and 18% rally for PRISM JOHNSON?There are three bullish confluences that you can see on this chart.
1.According to Elliot wave model the stock is taking off in wave III of 3.
2. A probable cup and handle breakout attempt.(target for this pattern comes in at around 200 Rs.)
3. Breakout attempt from imp 6 years old(2018-2023) horizontal resistance zone (145-150(Rs.))
The stock can give a swift move once it decisively closes above 150 mark.
Note*- This is not a buy/sell recommendation. This post is for educational purpose only.
Indianstocksanalysis
BLS International - Looks Good!The price has recently broken out to the upside after a period of consolidation, indicating that the prior upward trend is likely to continue.
A Symmetrical Continuation Triangle with a bullish bias is characterized by two converging trendlines. During this formation, prices make lower highs and higher lows, creating a tightening range. As the pattern evolves, trading volume tends to decrease, reflecting market uncertainty and indecision. It's important to note that the breakout occurs before the triangle reaches its apex, the point where the trendlines meet.
What's particularly noteworthy is that the price breaks above the upper trendline with a noticeable surge in trading volume, serving as confirmation that the pattern is a signal for a continuation of the previous uptrend. This breakout suggests that the market sentiment has shifted back to a more bullish stance, potentially leading to further price appreciation.
Note at below RSI Vs Price divergence also noticed!
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
ANDHRA PETROCHEMICALS WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
HDFC about 40%-50% over a period of next one year.The largest merger agreement in India to date, between HDFC and HDFC bank, has piqued the interest of Indian investors. Whenever there is news about a merger, prices peak in the near term and then recover. So, for the time being, it is extremely possible to halt current progress and retrace to 1600 before rising to 2600-2800 during the next year.
#HDFC Looking good for given level#HDFC... ✅▶️
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a huge movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
NIFTY Top Down AnalysisThe idea here is about Nifty 50 Index :
My view is Short term Neutral to Bearish (upcoming week) & then bullish for the below observed technical factors.
Points as per TA observed on a Weekly, daily & Hourly Chart:
Hourly Chart:
1. Bearish Crab Harmonic Pattern observed on a 1H & 4H chart. Target price & Stop Loss provided on chart as per below:
2. Ichimoku is Neutral to bearish since Chikou Span is below the price range & last trading hour was closed below the Senkou Span B:
3. Heikin Ashi, 1H before last closing session was indecisive, however the last hour closed on positive note, Pivots & 20 EMA are bearish since the last trading day was below the previous day closing as per below :
Daily Chart:
4. Bearish NenStar Pattern observed on 1D chart. Target price & Stop Loss provided on chart as per below:
5. MACD is below signal line, with RSI @ 55.51 on daily chart with multiple divergences (MACD, MACD Histogram, RSI, VWMACD) as per below:
6. Raising wedge formation with over bought zone confirmation alongside RSI as per below:
7. Ichimoku in Strong buy since Chikou Span is above the price range & trading above Senkou Span A as per below :
Weekly Chart:
8. Last week Candle almost ended as a tweezer top as per below:
9. A huge cup formation completed on weekly chart with Handle formation pending with Retracement support around 0.382 FIB with the least possibility according to the current trend as per below :
10. A 3 Drive harmonic pattern in formation observed, note since the market is on a strong trend have considered the retracement levels from 0.382(38.2%) to 0.5(50%) FIB with retracement targets & drive 3 targets on weekly chart as per below:
11. Ichimoku is currently under consolidation, however, the Chikou span is above the price range &trading above Senkou span A which is a strong bullish in long term as per below :
12. Wyckoff theory has a BOS (Break of Structure) since previous high on Oct 2021 & CHoCH(Change of Character) since Sept 2022, the CHoCH support is exactly @ 0.382 FIB on 3 Drive pattern & also a support on raising wedge bottom, with multiple divergence observed (MACD Histogram, RSI, MOM: Momentum, MFI: Money Flow Index). Therefore, 18096 target gets a multiple validations as per below:
13. Additional information: OI (Open Interest) max build for options expiring 15th Dec is around 18,600 for both CE & PE and Max PE is around 18000.
NOTE: 14th Dec FOMC meeting outcome will also be a factor to be considered.
Targets & Stop Loss provided in chart and screens for different time frames.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice (Non SEBI registered). So, please do your own DD (Due Diligence) before any kind of investment”.
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DAAWAT STRONG MONTHLY BREAKOUTThere is clear breakout in monthly time frame with volume. After that the stock has gone through a good consolidation for three months. Now it's time for another rally if the company posts good results this quarter. One can buy Daawat@CMP with short term targets of 133(19.50%) and 150(36.3%) and a long term target of 194.50(74%). Please let me know in the comment section about your thoughts and do follow and support this feed for more ideas. As a disclaimer before taking any positions consult your financial advisor.
BRITANNIA Company Website
britannia.co.in
Presence in more than 60+ countries across the globe
Top 3 FMCG giant India
Ex RBI Governor Urjit Patel is the Additional Director of board.
Sales are flat/ slow riser, cash flow has 4x'd in 5 years = looking at small expansions in Africa, one of the areas it sells along with the Middle East, Nepal
No pledged shares, net debt positive ( Assets much larger than liabilities )
BRANDS-
Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold ( Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. )
Sunpharma Breakout of Contracting Triangle and Double BottomThe idea here is about Sun Pharmaceutical Industries Ltd:
Sun Pharmaceutical Inds. Ltd is an international specialty pharma company.The company also makes active pharmaceutical ingredients. In branded markets, their products are prescribed in chronic therapy areas like cardiology, psychiatry, neurology, gastroenterology, diabetology and respiratory.The company is engaged in manufacturing of product in the following therapy areas:CNS disorders,Cardiology,Diabetes and Metabolic disorders,Gastroenterology,Ophthalmology ,Oncology,Pain,Allergy, Asthma and Inflammation and Gynecological.
My view is bullish for the below observed technical factors.
Points as per TA on a Weekly Chart:
1.Contracting or Symmetrical Triangle breakout on a weekly chart as per below:
2. Double Bottom Breakout on a weekly chart with huge volume as per below:
3. Bearish Deep Crab harmonic pattern CD leg in progress at the time of publishing as per below:
4. Trading way above 20 & 200 EMA on a weekly chart as per below:
5. Trading above 20 & 200 EMA on daily chart.
6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong for an upward momentum at the time of publishing. Hence the trend is very strong.
7. RSI is at 62.43 on a weekly Chart and 70.09 on daily chart at the time of publishing.
8. MACD above signal line on weekly & daily chart.
9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy.
10. ADX (Average directional index ) trend strength is at 15.17 on a weekly and 23.25 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) However, the trend seems to be picking up on upward momentum.
Projected Target: provided in the chart as per double bottom & Bearish Deep Crab harmonic pattern.
Stop Loss: Provided in the chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
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Gujrat Alkalies Bullish ScenarioThe idea here is about Gujarat Alkalies:
Gujarat Alkalies & Chemicals Ltd. engages in the manufacturing and sale of chemical products. Its products include caustic soda group, special chlorine derivatives group, sodium chlorate, caustic potash group, chloromethane group, phosphoric acid, water treatment group, and hydrogen peroxide. The firm's products are used in various industries, such as textile, pulp and paper, soap and detergent, alumina, water treatment, petroleum, plastic, fertilizer, pharmaceutical, agrochemical, plant protection, dyes and intermediate, refrigeration gas, and epoxy.
Important Note: The Caustic Soda Market witnessed a significant growth as its demand stood at 68.76 million tonnes in 2021 and is expected to grow at a CAGR of 4.95% during the forecast period to reach 141.78 million tonnes by 2035 (courtesy of : www.chemanalyst.com)
I am bullish on Gujarat Alkalies due to below observed technical factors.
1. Anti Gartley Pattern Completed on a daily chart as per below:
2. Ascending Triangle on a weekly chart at the time of publishing as per below:
3. Guessing for a possible Sea Pony Pattern on weekly chart & CD price is colliding with Anti Gartley E Swing Price which is also one of the reasons for bullish momentum as per below:
4. Trading above 200 EMA & Support established on 20 EMA on a weekly chart as per below:
5. Ichimoku Cloud analysis: Senkou Span A possible support and bounce off on a daily chart as per below:
6. Ichimoku Cloud analysis: Kumo Break out and kumo twist strong buy for upward momentum on daily chart & Weekly chart.
7. RSI is at 39.40 on a Daily Chart & 52.81 on a weekly chart at the time of publishing.
8. MACD Way above signal line on weekly chart & way below on daily chart.
9. Hull Moving average on daily chart is sell & buy on Weekly chart & other moving average is a strong Weekly & monthly chart. This is a very strong signal for upward momentum.
10. Wait for entry point. However, keep in mind about the current market condition. Since the equity is listed on CNXMIDCAP 200 and BSE 500 one can compare it with the movement of the index mentioned for price momentum.
Projected targets as per Anti Gartley & Possible Sea Pony Harmonic patterns provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
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Divis Laboratories potential Breakout ?The idea here is about Divis Laboratories:
Divis Laboratories Ltd is engaged in the manufacture of Active Pharma Ingredients (APIs) and intermediates. The company in a matter of short time expanded their breadth of operations to provide complete turnkey solutions to the domestic Indian pharmaceutical industry.They are actively involved in developing alternate, patent non-infringing processes for APIs, for the inventors to manage late life cycle and leading generic drug manufacturers.
My view is neutral at the moment for the below observed technical factors.
Points as per TA on a Weekly Chart:
1. Current market condition isn’t been good due to high volatility back in action any trade entries should be done very carefully and cautiously.
2. BSE 100 ( Divis lab included in) has lost 272.58 points on 11th Oct 2022. However, daily candle indicates it can still bounce back as Anti butterfly harmonic pattern observed as per below:
3. Currently under downtrend channel on a weekly chart as per below:
4. Contracting triangle formation inside downtrend channel as per below:
5. Bearish Bat harmonic pattern CD leg in progress at the time of publishing as per below:
6. Trading way above 200 EMA & below 20 EMA on a weekly chart.
7. Ichimoku Cloud analysis: Kumo Breakout strong downtrend & Kumo Twist weak trend on weekly,monthly chart is Strong for an upward momentum for Kumo breakout & kumo twist on daily both are strong downtrend at the time of publishing .
8. RSI is at 37.55 on a weekly Chart and 35.05 on daily chart at the time of publishing.
9. MACD above signal line on weekly & below on daily chart.
10. Hull Moving average and other moving averages on a daily,weekly chart is strong sell & monthly chart is a sell.
11. ADX (Average directional index ) trend strength is at 28.42 on a weekly(ADX between 25-50 is a strong trend) and 14.13 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend).
Long Entry : if the price breaks above contracting triangle & breaks downtrend.
Short Entry : If price breaks below the contracting triangle and support zone.
Projected Target: provided in the chart as per bearish bat Crab harmonic pattern.
Stop Loss: Enter only if it breaks downtrend & contracting triangle.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
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JSW Steel Ltd Double Bottom BreakoutThe idea here is about JSW Steel Ltd:
JSW Steel Ltd. is a holding company, which engages in the production, distribution, and trade of iron and steel products. It offers hot rolled and cold rolled coils and sheets; galvanized coils and corrugated sheets; galvalume products; steel doors; and light steel building solutions.
My view is short term Bullish for the below observed technical factors.
Points as per TA observed on a daily Chart:
1. Broken out of Double Bottom pattern as per below:
2. Broken Out of Contracting Triangle on a daily chart on 27th Oct 2022 as per below:
3. Bearish Navarro 200 Harmonic Pattern observed on a daily chart & Price may retest 678.05 ( Swing B of Bearish Navarro 200) as per below:
4. Trading above 20 & 200 EMA on a weekly & daily chart.
5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is a strong upward momentum & weekly is Neutral at the time of publishing.
6. RSI is at 61.77 on a Daily Chart and 56.03 on weekly chart at the time of publishing.
7. MACD above signal line on weekly & daily chart.
8. Hull Moving average on daily is a sell and Strong buy on Weekly & monthly. Other averages are strong buy on daily, weekly & Monthly.
9. ADX ( Average directional index ) trend strength is at 18.30 on a daily & 7.45 on a weekly which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend.
10. No divergence observed.
Projected Target with %: Double bottom & contracting triangle provided in the chart. However, would recommend for retest to be completed.
Stop Loss: provided in chart.
Wait for retest confirmation on daily chart for double bottom.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So
Please do your own DD (Due Diligence) before any kind of investment”.
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GNFC Potential BreakoutThe idea here is about GNFC (Gujarat Narmada Valley Fertilizers & Chemicals Ltd):
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.is engaged in the manufacturing and marketing of chemicals, fertilizers and information technology.The products and services offered by the company include Fertilizers- GNFC is one the leaders in the domestic fertilisers industry. The company manufactures and markets fertiliser such as urea, ammonium nitrophosphate and calcium ammonium nitrate under the brand NARMADA. It is also engaged in importing urea, diammonium phosphate (DAP) and muriate of potash (MOP).Chemicals- The company has also set up core chemical and petrochemical plants that manufactures products such as methanol, formic acid, nitric acid, acetic acid and many more
My view is Bullish for the below observed technical factors.
Points as per TA observed on a Weekly,Daily & Hourly Chart:
1. Contracting or symmetrical triangle observed on a weekly chart as per below:
2. Doji/Spinning top candle formation on weekly chart which indicates the continuation of trend (upward) as per below:
3. Apex point Breakout & Support established with huge breakout in volume & Bullish pin bar candle formation on a daily chart observed as per below:
4. Bullish Gartley, Bearish Anti Crab & Bullish Navarro 200 pattern formations completed within the range of contracting triangle with Gartley & Navarro 200 targets been still active on a weekly chart as per below :
5. Falling wedge observed on 1H chart with breakout & reconfirmation as per below:
6. Inverse Head & Shoulder formation in progress on 1H chart with completion of left Shoulder & Head completed with 20 & 200 EMA support established as per below :
Inverse H&S target once completed will lead to breakout of contracting triangle on weekly chart
7. Trading above 20 & 200 EMA on a weekly & 20 EMA support established on daily chart at the time of publishing.
8. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a weekly is a strong upward momentum & Daily is Neutral at the time of publishing.
9. RSI is at 52.64 on a Daily Chart and 53.03 on weekly chart at the time of publishing.
10. MACD almost touching the signal line on daily chart & below signal line on a weekly chart at the time of publishing. There is a high possibility of MACD crossover on weekly chart.
11. Hull Moving average & other averages are strong buy on daily & monthly. However Hull moving average is a sell on weekly and other averages is a Strong buy.
12. ADX ( Average directional index ) trend strength is at 14.02 on a weekly & 12.83 on daily chart, which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend).
13. No divergence observed.
Projected Target with %: provided in chart.
Stop Loss: provided in chart.
Entry point: Conservative trades can wait for breakout & retest of contracting triangle. Aggressive & risk trades can enter at CMP.
Note: The center has approved an additional Subsidy on fertilizers for winter planting season.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So
Please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
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NIFTY can the Momentum keep up ?The idea is about NIFTY.
Mentioned below are the points considered
Points as per TA on a Daily & hourly Chart:
1. Anti Crab Harmonic Pattern Completed on 1H chart & Target 1 achieved at the time of publishing as per below :
2. Breakout above 18330 will result in change of character COC (Wyckoff theory) on 1H chart Highlighted in Black as per below :
3. Ichimoku Cloud on Weekly is bullish (Chikou Span is above the price) & currently consolidating as per below:
4. Ichimoku Cloud on daily is bullish (Chikou Span is above the price) as per below:
5. Ichimoku Cloud on 1H is Bearish (Chikou Span is below the price) as per below:
6. Weekly chart has broken out of falling expanding Wedge as per below:
7. Weekly chart has broken out of cup & handle pattern & retest completed as per below:
8. Multiple divergences observed on weekly chart 7th Nov as per below:
9. MACD & RSI divergence observed on daily chart till 16th Nov as per below:
10. Open Interest data shows 180 k Call options @ 18300 which will act as resistance & 101 k put options @ 18200 which will act as support at the time of publishing.
11. RSI weekly @ 62.22, daily @ 60.07 and 1H @ 53.45 at the time of publishing.
12. MACD on weekly & hourly is above signal line and on daily chart below signal line.
13. Hull Moving Average is a Buy Signal on Weekly, Sell on daily & Buy on Hourly chart .
14. Since tomorrow will be the last day for the weekly options expiry & monthly futures expiry huge movements can be expected on 2nd half of trading today & tomorrow.
Projected target, as per Anti crab Pattern on on 1H provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Ramco cement breakoutPVR Chart is is on strong weekly support.
Entry: above 738.4 based on volume profile
Stop loss: 719.25
Target : your R&R ratio
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁
Happy learning with Earning. Cheers!🥂
Phoenix085-Analysis RILThe crucial SnR's are marked on the chart...
As per my analysis and the way price has reacted recently...
I feel there's a certain uneasiness in RIL stock which if supported by the Nifty, would definitely come crashing down to the 2450 or even 2400 levels...
These are just my analysis and not recommendations... Cos if i am not getting a penny from your profits would not be right to hold me accountable for your losses...
BANKNIFTY Double Bottom BreakoutThe idea here is about Bank Nifty:
My view is Neutral for the below observed technical factors.
Points as per TA observed on a Weekly daily & Hourly Chart:
1. Cup & Handle formation completed awaiting breakout as per below:
2. Doji candle formation on weekly chart as per below:
3. Bearish Bat harmonic pattern completed on a daily & Hourly chart as per below:
4. Double bottom pattern completed on 1H chart & 07th Nov market opened with breaking the neckline, price was pushed below the neckline in 1st Session, However, price recovered & the day closed above neckline as per below :
5. Divergence observed on 1H chart for RSI, Commodity Channel Index & Momentum as per below:
6. Trading way above 20& 200 EMA on a weekly, daily & 20 EMA support established on hourly chart at the time of publishing.
7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a weekly, daily & hourly is very strong upward momentum at the time of publishing.
8. RSI is at 66.86 on a weekly Chart, 64.76 on daily & 65.77 on hourly chart at the time of publishing.
9. MACD almost way above signal line on weekly, daily & hourly chart at the time of publishing.
Projected Targets: Double Bottom & Bearish Bat harmonic pattern provided in chart.
Stop Loss: provided in chart.
Entry point: If price sustains above the double bottom neckline in the next trading session then long entry can be confirmed. If price breaks below the double bottom support short entry can be confirmed.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So
Please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
Want to keep yourself updated with current market action? Then don’t forget boost & subscribe for more analysis. The more boost & comments further more motivation for publishing.
Let the Trading community & family know about your opinion with comments.
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NMDC Harmonic & downtrend Potential BreakoutThe idea here is about NMDC:
NMDC Limited (NMDC) is an India-based iron ore producer and exporter. The Company operates in two business segments: iron ore and other minerals and services. The Company is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands.
My view is very bullish for the below observed technical factors & News.
NEWS: MCA (Ministry Of Corporate Affairs) has approved the demerger of NMDC steel from NMDC with ratio of 1:1. Do your own research for more information.
Points as per TA on a Weekly & daily Chart:
1. Currently under downtrend & support has been re established @ 129.00 on a weekly chart as per below:
2. Gartley Harmonic Pattern completed with confirmed entry & target 1 completed at the time of publishing on a weekly chart as per below:
3. Bearish Nen Star Harmonic CD leg under progress on a weekly chart as per below:
4. Trading way above 20 & 200 EMA on a weekly chart & 20 EMA cross over expected soon.
5. Trading above 20 & below 200 EMA on daily chart.
6. Bullish flag pattern on weekly chart observed as per below:
7. Multiple divergence confirmed in the same direction on weekly chart as per below:
8. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is neutral, weekly is strong downtrend & monthly chart is consolidating at the time of publishing.
9. RSI is at 51.46 on a weekly Chart and 53.56 on daily chart at the time of publishing.
10. MACD above signal line on weekly & below signal line on daily chart.
11. Hull Moving average on daily & weekly is a sell and other moving averages on a daily,weekly & monthly chart is a buy.
12. ADX (Average directional index ) trend strength is at 20.53 on a weekly, which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 25.32 on a daily chart.
Projected Target with %: Provided in the chart as per Gartley & Bearish Nen Star harmonic pattern.
Stop Loss: Provided in the chart as per Gartley.
Note : Any further dip can be considered to accumulate & Average it down.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
Do you like my TA & ideas!!
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Do leave your valuable feedback & comments for any improvisations.
Cheers.