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SWING IDEA - CYIENTA potential swing trade opportunity in Cyient , a leading global engineering solutions provider, renowned for its innovative approaches and commitment to sustainability. Reasons are listed below : The stock is currently retesting the significant resistance level of 1800, which historically served as a strong barrier. This retest could indicate a potential breakout. A dragonfly doji candlestick pattern has formed on the weekly timeframe, suggesting a potential reversal from bearish to bullish sentiment. Cyient found support at the 0.382 Fibonacci level, providing additional confirmation of a potential reversal. The stock has been consistently forming higher highs, indicating an upward trend in price action. Target - 2366 // 2860 Stoploss - weekly close below 1800 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CYIENTLong
by Visionary_Growth_Insights
INVESTMENT IDEA - TATA CHEMICALSTata Chemicals, a renowned leader in the chemicals industry is compelling an investment prospect, propelled by a confluence of bullish technical indicators and promising market dynamics. Reasons are listed below : Technicals: Tata Chemicals has recently broken out from an ascending triangle pattern, signaling a potential uptrend and presenting an attractive entry point for investors. After multiple tests in the 1100-1200 zone, the stock has decisively broken through, indicating strong bullish momentum and potential for sustained upward movement. A significant bullish marubozu candle on the weekly timeframe underscores robust buying pressure and hints at a continuation of the bullish trend. Breaking free from a consolidation phase spanning over two years, Tata Chemicals demonstrates the potential for a new bullish trend trajectory, presenting an opportune moment for investors. Accompanied by a surge in trading volumes, the recent price action reflects heightened investor interest and confidence in Tata Chemicals' prospects. Trading above both the 50 and 200 exponential moving averages (EMA) in the weekly timeframe, Tata Chemicals enjoys strong technical support, further reinforcing the bullish outlook. Fundamentals : Tata Chemicals boasts a healthy Price-to-Earnings (PE) ratio, indicating favorable valuation relative to its earnings and potential for investor returns. The company demonstrates impressive growth in both profit and sales on a year-over-year basis, reflecting strong operational performance and market demand for its products. Tata Chemicals has been actively reducing its debt burden, showcasing prudent financial management and strengthening its balance sheet resilience. With a substantial dividend payout ratio of 48%, Tata Chemicals rewards its shareholders with attractive dividends, highlighting its commitment to delivering value and sharing profits with investors. Target - 1540 // 1777 Stoploss - weekly close below 970 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:TATACHEMLong
by Visionary_Growth_Insights
NIFTY Wait for a 1D MA50 pull-back and buy.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 rejection. Both fractals made clear technical Higher Lows at the bottom of the Channel Up and the February one after the rejection, pulled back to the 1D MA50 (blue trend-line) before finding Support and new buyers. As a result, we are only willing to turn bullish again on the 1D MA50 and then target the Channel's standard target of the 1.382 Fib extension at 23100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTY
by TradingShot
ADANI POWER - Swing TRADE IdeaThe 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 upside price momentum. My SL and targets as mentioned in chart. I would plan a wide SL of 12% and target of 22% trailing. Target 1 - 591 ALL Time high.
NSE:ADANIPOWERLong
by Rugminik
SWING IDEA - EID PARRY INDIAExploring 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 barrier. A robust bullish marubozu candle on the weekly timeframe signals strength and conviction, reinforcing the bullish sentiment surrounding the stock. Following a resilient consolidation phase lasting over a year, Eid Parry India is indicating signs of a breakout, adding an extra layer of potential momentum. The formation of higher highs underscores the stock's upward trajectory, highlighting the persistence of a positive trend. Increased volume activity aligns with recent price movements, amplifying the potential impact of the stock's upward momentum. Trading above both the 50-day and 200-day Exponential Moving Averages (EMAs), Eid Parry India demonstrates a solid trend, providing additional confidence for a potential swing trade. Target - 733 // 815 StopLoss - weekly close below 558 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:EIDPARRYLong
by Visionary_Growth_Insights
NIFTY did a MACD Bearish Cross. 1-month correction very likely.The Nifty 50 Index (NIFTY) gave us an excellent bottom buy opportunity on November 03 2023 (see chart below) easily hitting our 21000 target and transitioning into a longer term Channel Up: Right now the index is coming off the strongest 1W red week since October 23 2023, the first pull-back after a series of 4 straight green weeks. This week will complete a MACD Bearish Cross on the 1W time-frame, the first such formation since September 25 2023 and before that, December 26 2022. Naturally this is a technically bearish pattern and being so rare suggests that it shouldn't be taken lightly, even though we have been on this Channel Up since June 2022. More specifically, those 2 MACD Bearish Cross occurences delivered monthly corrections of -6.75% and -7.45% respectively, so an average of -7% pull-back. Both also hit the 0.382 Fibonacci retracement level from the Channel's last Higher Low. As a result, assuming a minimum correction of -6.75%, we are now turning bearish on NIFTY, targeting 21100. That may make contact, or at least come very close to the 1W MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYShort
by TradingShot
SWING IDEA - COFORGEIn 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 through and retesting this critical range. The current attempt to resume the upside move indicates a resilient upward momentum. Notably, CoForge is supported by the 0.382 Fibonacci retracement level, adding a robust layer of support and fortifying the potential for an upward trajectory. CoForge consistently forms higher highs, a testament to a sustained uptrend and indicative of positive market sentiment. Trading above both the 50 and 200 exponential moving averages (EMA), CoForge maintains the integrity of its trend, providing confidence in the continuation of the upward movement. The presence of a bullish marubozu on both daily and weekly timeframes adds a bullish tone to the technical outlook, further reinforcing the potential for a positive price action. Target : 8404 Stoploss : weekly close below 5987 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:COFORGELong
by Visionary_Growth_Insights
HDFC BANK Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-16-2024 GREEN TrapZone with GREEN UMVD. UP swing, price may come back into the Green TrapZone
NSE:HDFCBANK
by SnowflakeTrader
2
SWING IDEA - JUSTDIALJust 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 bullish marubozu candle on the weekly timeframe signals strong bullish sentiment among traders. A discernible head and shoulder pattern has formed on the weekly chart, suggesting a potential trend reversal. Recent market movements accompanied by increased trading volumes add weight to the bullish outlook for Just Dial. The stock is trading above both the 50-day and 200-day EMAs, indicating positive price action and underlying bullish momentum. Just Dial's recent price action signifies a breakthrough from a consolidation phase spanning over two years, potentially heralding the onset of a new trend. Target - 1125 // 1260 StopLoss - weekly close below 848 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:JUSTDIALLong
by Visionary_Growth_Insights
SWING IDEA - GSFCGujarat 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 breaking out from the crucial 210 level, GSFC is now retesting it, indicating potential support-turned-resistance dynamics which could signal further upward momentum upon confirmation. The price action aligns closely with the 0.618 Fibonacci level, adding significant support to the bullish bias and enhancing the probability of a continuation of the uptrend. The 200-day Exponential Moving Average (EMA) on the daily timeframe provides additional support to GSFC's price action, further reinforcing the bullish outlook and suggesting potential for sustained upward movement. Target - 245 // 273 // 317 Stoploss - daily close below 205 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:GSFCLong
by Visionary_Growth_Insights
SWING IDEA - MPHASIS 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 steadfast at the 0.382 Fibonacci retracement level, this stock showcases resilience and a reinforcing support structure. The presence of a bullish continuation candle on the weekly timeframe adds weight to the analysis, signaling positive momentum for potential upward movement. A consistent pattern of forming higher highs underscores a sustained uptrend, reflecting positive market sentiment. Trading above both the 50 and 200 EMAs affirms the stock's commitment to the prevailing uptrend, further bolstering the case for a potential swing trade. Target - 3373 // 3653 StopLoss - weekly close below 2515 DISCLAIMER : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:MPHASISLong
by Visionary_Growth_Insights
5
SWING IDEA - HOMEFIRST FINANCE COHome 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 swing trading. On the daily timeframe, a bullish engulfing candle has formed, indicating a strong shift towards bullish sentiment. This pattern often signals a potential reversal or continuation of an upward trend. The 200-day Exponential Moving Average (EMA) is acting as a support level on the daily chart, further bolstering the case for a bullish bias. The stock is finding support around the 0.5 Fibonacci retracement level, adding another layer of technical support to the bullish thesis. Home First Finance has been establishing a pattern of constant higher highs, indicating sustained upward momentum and a potential continuation of the current uptrend. Target - 960 // 1060 StopLoss - daily close below 860 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:HOMEFIRSTLong
by Visionary_Growth_Insights