Beautiful example of the power of ICT analysisThis was the first Indian futures product I looked at after a friend asked me for an analysis. Lots and lots to study and see.
Indianstocks
Move lower to drive higher.Patience is required when we look at daily time frame analysis. But remember HTF order flow is KING. Buys from the OTE marked.
Kingdom of BullsBeautiful reaction from the daily Order Block. I would have liked to have seen a deeper retracement to at least 50% of the range. But then what a run.
Range bound but likely to drive higher IMO Significant opportunities for the astute buyer for asian paints futures. Always confirm your entries on a lower time frame to reduce risk. Use a stop loss and good luck.
MUTHOOTFIN ON WEEKLY RESISTANCEMUTHOOTFIN has reached a crucial resistance level on the chart. The price has respected this highlighted zone, and we should watch closely for a valid reversal or breakout confirmation. Given that the previous run encountered significant selling pressure at this point, careful attention to price action on lower timeframes is necessary for confirmation. A breakout above the resistance will invalidate the bearish outlook.
possible Head & shoulder patternthere is a possibility that nifty smallcap 250 can for a head and shoulder pattern here, which can bring it down by total of 11%, and 7.7% after the formation gets completed. It is very likely that the market will not complete this pattern, but just for awareness and availability of different perspective I wanted to post about it.
also, please do not take any decisions too quickly based on this as patterns are for very short term but in the long term I'm still very bullish on the midcap and smallcap index.
SWING IDEA - SYRMA SGSA potential swing trade opportunity in Syrma SGS , a notable player in the electronics manufacturing industry.
Reasons are listed below :
The stock exhibited resilience as it rebounded strongly from the 450-500 support zone, suggesting a false breakdown and indicating underlying strength.
A hammer candlestick formation on the weekly timeframe signals a potential reversal, hinting at a shift from bearish sentiment to bullish momentum.
Finding support at the 0.5 Fibonacci level further bolsters the bullish outlook, providing a solid foundation for potential upward movement.
The 50-period Exponential Moving Average (EMA) on the weekly chart acts as additional support, reinforcing the bullish bias.
Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding weight to the bullish case.
Syrma SGS has demonstrated a pattern of higher highs, indicating a trend of increasing bullish momentum and reinforcing the potential for upward movement.
Target - 570 // 670
Stoploss - weekly close below 448
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
SWING IDEA - INDIABULLS HOUSINGRenowned as a premier housing finance company in India, India Bulls Housing is esteemed for its innovative financial solutions tailored to the housing sector. Delving into technical indicators and price action, we uncover compelling factors signaling a potential buying opportunity within India Bulls Housing's stock.
Reasons are listed below :
Multiple tests on the 170-180 zone, followed by a successful breakout and subsequent retest, indicating a strong foundation for upward momentum.
The presence of a robust bullish candle on the weekly timeframe signifies sustained buying pressure and a potential continuation of the uptrend.
Additionally, a bullish Marubozu candle on the daily timeframe further bolsters the bullish sentiment, emphasizing strong buying interest.
The formation of a cup and handle pattern breakout pattern adds another layer of confirmation to the bullish bias, suggesting a potential uptrend continuation.
Notably, the stock is currently trading above its 50-day exponential moving average (EMA) and is poised to break the 200-day EMA, indicating strengthening bullish momentum.
The price's bounce from the 0.618 Fibonacci level reinforces the significance of this level as a key support area, potentially attracting more buyers.
Furthermore, increased volume activity accompanies the price movements, indicating heightened investor interest and participation in the stock.
Target - 248 // 280
StopLoss - weekly close below 182
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
NIFTY50 INDEX BREAKOUT CONFIRMED, WHAT'S NEXT?The NIFTY50 has indeed followed the projection I made last week, confirming the breakout on the channel we identified. Now, I anticipate a continuation of the bearish trend towards the lower support level. This retracement should provide a significant pullback from the current bullish momentum observed on the hourly timeframe.
ICICIBANK POTENTIAL REVERSAL AHEAD WITH THIS PATTERNICICIBANK has experienced a bullish breakout followed by a pullback within the confines of a bull flag pattern. The recent reversal, respecting the upper boundary, suggests a potential retracement within the current bullish trend. Should the breakout occur as anticipated on the chart, a price decline towards the highlighted key level is conceivable.
TATAMOTORS BACK ON DAILY RESISTANCE, WILL IT GO ABOVE 1150 NEXT?TATAMOTORS might establish a fresh peak provided there's ample volume to breach the highlighted resistance zone. Therefore, it's prudent to monitor this level closely for either a breakout or confirmation of a reversal, which will determine the stock's future trajectory. A decisive breach of the resistance could propel it to a new high, potentially surpassing 1155. Conversely, a bearish reversal and breakout below the floor price of 945 would negate the bullish outlook.
SBIN MAY LOOK FOR A CORRECTION AHEADSBIN has been on a robust bullish streak, indicating a possible retracement or correction phase in the near future following its recent rally. There's potential for the price to consolidate within a formed channel before potentially breaking out bearishly, supporting a bearish outlook.
NIFTY50 POTENTIAL BREAKOUT ON THE STRUCTURENIFTY50 is currently within a robust bullish channel, displaying consistent growth since the emergence of bullish sentiment. Price has adhered to the previous high established on the daily timeframe. We anticipate potential price action to remain within the upper and lower boundaries for a period. Upon future confirmation of a breakout at the lower boundary, a bearish trend with significant momentum could be witnessed.
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
REC ready for a flag breakoutA sector which has had a good rally in the past few months and looks good to go amidst the volatile markets during the election year.
A high dividend-yielding stock ready to break out of the flag pattern, REC looks good for short to medium-term.
Entry - 457
SL - 415
Target - 600+
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
SWING IDEA - TATA COMMThis stock looks good for a swing trade.
Reasons are stated below :
1566 levels acted as a resistance but the price broke that level and now its retesting the same.
Formed a morning star pattern on daily time frame.
0.5 level Fibonacci support.
50EMA support on daily time frame.
target - 1950
stoploss - 1508
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.
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MARUTI SUZUKI - A long term Investment Idea - 50% ROI expected.1) The stock is breaking out of a 6 year old consolidation zone in yearly time frame.
2) The stock is reversing from a Fib 61.8% in yearly time frame.
3) The stock is breaking it's previous swing high.
4) The stock is above to form a strong 3 Month breakout if March closes strong.
The stock structure looks strong, one may accumulate in dips for a long term target of 19000.
#BajFinance has been consolidating in this channel since Sep’21#BajFinance has been consolidating in this channel since Sep’21
IF and when this breaks, it will be a decisive move and can set the trend for next few months.
Mark these levels on your chart so that you do not miss the breakout!
JTEKT INDIA - Weekly and Monthly VCP with a 6 year old breakout.The stock has broken upside of it's important supply region - 2018 all time high levels , clear Volatility contraction in place.
Breakout and Retest has happened - level - 162.
As per the Technical pattern, target of minimum 236 is seen.
As mentioned in charts,
My entry at 178 with an SL of 5%, target of 30% - 236 - Trailing as per Price Action.
Positional Buy AMBUJACEM fut near 632 tgt 655 SL: 624 Rationale: Stock has been taking rest at short term moving averages but MACD and RSI's internal crossover is suggesting some buy.
53000+ if we sustain above neckline!Banking stocks had been outperformers in 2023 but has been laggard until now in 2024! Things are about to turn around in coming week if we sustain above 48400 which is a "Neckline of an ascending triangle" formed on weekly charts of Bank Nifty. Indicators like RSI has already shown signs of a new rally by internal crossover last week. Target which will be activated would be 53000+ while stop loss at 47300.
