SP Apparels Bullish setup
Most of the textile stocks including GOKEX, Nitin Spinners and other export companies look good
Gann Box
Nitin SpinnersLooks good above 278 and chart looks good all the Daily, Weekly and Monthly timeframes
Buying Trend Continuation on CHFJPY. The Swiss Franc/ Japanese Yen pair appear to be on a strong bullish direction since September 2016. However, since January 2023, we can see a steeper and stronger bullish pressure on the pair.
The CHF/JPY pair is currently trading in a swing Premium level, and has been for months, but while we predict that the pair should sell, Fundamentals has also been adding to the massive gain in the CHF pair. Our confluences for a Bullish trend continuation include:
1. HTF bullish trend.
2. FVG range (146.402-149.287) is unbroken, but instead acts as a SUPPORT LEVEL.
3. Price hasn't still reached our main Point of Interest (POI, which is at 158.520).
4. Price is currently at Equilibrium on the Daily chart.
Therefore, we are expecting a consolidation on the 50% level, before an expansion towards 155.583. Let's be expectant between today and Friday.
Sharda Crop - Swing TradeLooks good after trend line BO and retest and weekly candle going past one of the Gann levels , closing above weekly 50 EMA after almost 8 months and entering new Fann angle.
Rama Steels - Long term BOLooks good after breaking out a long term trendline and monthly candle opening above the close of the previous candle and will be moving rapidly once it crosses 44.7
Keep an eye on this script
Patel Engineering Risky Bet based on the recent awards and projects it has been winning lately and could be a turnover story
Has broken out of the long term downward resistance trend line and crossed bothe Gamm box and Famk angle levels
Andrew YuleAndrew Yule - Setting up nicely with HL formation and closing out of falling trendline resistance and gann box level.
Parvnath DevelopersPenny Stock (Risky One)
Monthly Flag Pole BO and closing above Monthly 50 EMA and looks good for reversal
Lyods Steel - Swing TradeLyods Steel looks good after breaking out of the trendlines and crossing Gann box levels
RSI showing good strength
Can be played based on the levels marked
JTEKT IndiaForming a nice setup in the weekly and monthly charts
Has given a BO of the Gann box level
Weekly MACD cross over with volumes
Genus Power Has given a good weekly breakout and initial entry can be taken now with more positions after it crosses 101
Hind CopperLooks good above weekly candle closure of 115
Good Weekly volumes are seen this week
Resistances and Supports are marked accordingly
Astral Astral is setup nicely with Monthly/weekly candle opening above the Gann box levels
Entry can be taken at the weekly RSI above 74 and Monthly RSI above 65
SL- 1850
Nifty Healthcare IndexKeep an eye on the healthcare index as it is in a good position to BO the long term trendline.
Positions in any of these charts can be done once the BO occurs and based on the individuals chart Analysis.
ABBOTINDIA
ALKEM
APOLLOHOSP
AUROPHARMA
BIOCON
CIPLA
DIVISLAB
LALPATHLAB
DRREDDY
GLENMARK
GRANULES
IPCALAB
LAURUSLABS
LUPIN
MAXHEALTH
METROPOLIS
SUNPHARMA
SYNGENE
TORNTPHARM
ZYDUSLIFE
GR InfraLooks good after BO the falling wedge with a Bullish weekly candle.
weekly RSI above 65 which shows strength
Weekly closing exactly at the Gann level resistance which needs to be watched out for a new entry..
SL - 1277
A good entry would be above 1290 weekly closure
Sun Pharma Looks good above 1007
Weekly Positives:
More Volumes
Very close to the Gann levels 1007
Weekly candle Closed in one of the bullish Fann angles
Very good Flag pole pattern
HEGHEG :
Breaking all the weekly and Monthly 50 and 200 SMAs with volumes..
Safe bet above 1350 levels
Lumax Auto- Long-term BOBreak out of the long term trendline with a rapid move.
Entered new Gann box and Fann levels
RSI and MACD in bullish zone
Onward Technology Looks bullish as it broke both the Gann Fann and Gann box levels
RSI and MACD showing strength
ZomatoZomato has consolidated for a while and ready to make a good rally in the coming few weeks
Please find the resistance and support levels marked on the chart.
PNB Housing One of the best long term setups being formed
Long term trendline generally breaks out with good and rapid moves. Weekly candle almost closing above this trendline with all the weekly and Monthly candles/indicators being positive.
NRB BearingsKeep an eye am the weekly candle closing above this long term trendline.
Positives : Volumes,RSI strength and closing above 1/1 angle(blue)
Nifty Daily Nifty Daily Update:
Daily candle might come down till that highlighted elliptical area before bouncing back from 1/1 angle ( blue zone)
RSI is also taking support from its support levels
