Indianstocks
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.
PVR BREAKOUTPVR breakout good potential upside due to upcoming good movies like pathan etc and good collection in upcoming quater
MARUTI - NSECompany website - www.marutisuzuki.com
49 % market share in Indian automotive market ( passenger ), slowly venturing into commercial also.
1800cr invested for future EV ready battery projects.
Roll out of EV charging infra by 2023 leading to mass acceptance.
Currently only 3 electric models in India across brands, charging times are high, avg range is less than 300km, not enough chargers on road, so still needs refining.
We have ICE engines for last 80 years, and still perfecting them , so EV have time, by 2025 expect disruption.
No debt, huge land bank, best service centre presence pan India.
When it comes to cars, a Maruti Suzuki never lets down ( Japanese tech )
Covid and semiconductor shortage hit auto markets worldwide, the share was muted. As economy reopens, things get back on track, share prices appreciates.
A must have in portfolio. BUY
NIFTY Weekly Volatility Analysis 9-13 Jan 2023 NIFTY Weekly Volatility Analysis 9-13 Jan 2023
We can see that currently the implied volatility for this week is 2.08%
With this in mind, currently from ATR point of view we are located in the 53th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
*For calculations, I am using the data since 2022*
Bullish: 1.83% movement
Bearish: 1.55% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 24.2% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 18325
BOT: 17584
Taking into consideration the previous weekly high/low, currently for this candle there is :
31.43% probability we are going to touch previous weekly high
66.58% probability we are going to touch previous weekly low
Lastly, from the technical analysis point of view, currently from
Daily timeframe indicates -26.67% BEARISH trend from the moving averages index
Weekly timeframe indicates 66.67% BULLISH trend from the moving averages index
Monthly timeframe indicates 80% BULLISH trend from the moving averages index
Cup and Handle Pattern in GNA AxlesCup and Handle pattern forming on the Weekly Timeframe. points that are adding conviction for further upper side.
. Increasing volume with an increase in price.
. Breakout of consolidation on the daily timeframe of 700-710 levels.
. Increasing Relative strength against Nifty 50.
. 680-700 levels acting as a good demand zone.
Entry near 720-730 levels with 50% quantity and rest quantity near 760-770 levels .
Initial Stoploss near 690 levels and then keep trailing your stoploss according to the price action.
possible Targets: 800 level and then all-time high levels.
(((30% to 45% upside possible with stoploss of about 5%)))
Waiting for the liquidity runExpecting price to take out the liquidity above the white lines and then continue falling, possibly from the marked breaker.
Long ideas (Investment)If nifty holds the level of 17300 and tries to creat an inverted hammer type of pattern in the upcoming days.
(I am personally overbullish, so not expecting to break 17700 levels too)
Here is the least of stock you might want to consider buying:
USHAMARTIN
GOKEX
EPL
JBCHEPHARMA
ASIANPAINTS
HDFCAMC
GUFICBIO
DRREDDY
NIIT
TCS
INGERRAND
FCL
MANAPPURAM
MAXHEALTH
VRLLOG
BLUEDART
insurance sector group
WHIRLPOOL
VOLTAS
TECHM
I am not sebi registered, and I may also build personal positions in mentioned stocks.
Enjoy the end of year sale!
PS: Apart from these keep eye on Nasdaq and Hanseng etf's
NIFTY50 Weekly Volatility Analysis 12-16 Dec 2022NIFTY50 Weekly Volatility Analysis 12-16 Dec 2022
We can see that currently the implied volatility for this week is around 1.87%, equal to 1.87% last week according to DVOL data
With this in mind, currently from ATR point of view we are located in the 23rd percentile,
while according to INDIA VIX, we are on 8th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.8% movement
Bearish: 1.55% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 24.2% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 18740
BOT: 18060
Taking into consideration the previous weekly high/low, currently for this candle there is :
30% probability we are going to touch previous high 18740
66% probability we are going to touch previous low 18407 (already hit)
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 80% BULLISH trend from the moving averages index
Daily timeframe indicates 40% BULLISH trend from the moving averages index
4H timeframe indicates 13% BEARISH trend from the moving averages index
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!!
Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis.
Do leave your valuable feedback & comments for any improvisations.
Cheers.