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IDBI Bank Ltd Bat pattern Trade Set UpThe idea here is about IDBI Bank Ltd: IDBI Bank Ltd. engages in the provision of commercial banking services to retail and corporate customers. It operates through the following segments: Corporate and Wholesale Banking; Retail Banking; Treasury; and Other Banking and Group Operations. The Corporate and Wholesale Banking segment includes corporate relationship covering deposit and credit activities other than retail, as well as corporate advisory and syndication, project appraisal, and investment portfolio. My view is bullish (Swing trade) for the below observed News & technical factors. News: There is a potential merger up news in air at the moment of publishing this idea. Do your own research to find out more information. Points as per TA on a Daily & Weekly chart: 1.Downtrend channel breakout & retested & trading above 200 EMA & 20 EMA support established on daily chart as per below: 2. Trading below 200 EMA & 20 EMA support established on a weekly chart as per below: 3. Anti Cypher pattern completed on weekly chart, Target 1 achieved from entry point & due to lack of momentum or global uncertainty price has been pushed below Target 1. Price has taken support on 20 EMA as per below: 4. Bat Pattern completed on daily chart, Entry point confirmed price towards target 1 as per below: 5. MACD Converging towards signal line on daily as well as monthly chart which is a signal for upward momentum as per below(daily MACD): MACD above signal line on weekly chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is strong upward momentum at the time of publishing. However on weekly it’s neutral. 7. RSI is at 53.68 on a weekly Chart and 52.63 on daily chart at the time of publishing. 8. Hull Moving average and other moving averages on weekly & monthly chart is a strong buy & on Daily Hull Moving average is sell. 9. ADX (Average directional index ) trend strength is at 20.54 on weekly & 16.58 on daily, which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 31.81 on monthly chart which indicates a strong trend .The trend seems to be picking up. 10. It is also suggested to keep a look on Bank Nifty, as its taken support on 20 EMA on Weekly and below on daily as per below : 11 Ichimoku cloud is strong upward moment for Bank Nifty on weekly and daily chart as per below : Projected Target with %: provided in the chart as per Bat Harmonic pattern, coincidentally Target 4 of Bat is almost aligned with Target 3 of Anti Cypher. Stop Loss: Provided in the chart for Bat . 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.
NSE:IDBILong
by Tron029
BOROSIL LTD : Potential BreakoutThe idea here is about Borosil Ltd: Borosil is India's most trusted glassware brand since 1962. Synonymous with heatproof glassware, it is the market leader for consumer glassware in India, USA & Netherlands. mentioned below are the points to be considered. Points as per TA on a Hourly, Daily &Weekly Chart: 1. Trading in Ranging Market(Daily chart) since 11th July 2022 after breakout of falling wedge as per below chart: 2. Gartley Harmonic Pattern completed on weekly chart since 23rd August 2021 till 20th June 2022. B Swing completed & momentum heading towards C Swing at the time of publishing as per below chart: 3. Bearish Bat pattern completed on daily chart since 4th August 2022 till 12th September 2022, price may touch B swing on the pattern since 20 EMA is just below the B swing point as per below chart: 4. Cup formation completed on daily & hourly chart since 4th August 2022 till 12th September 2022. Handle formation under process with a downtrend channel on hourly chart. Price did break out of trend on 14th September 2022 between 12.15 PM to 1.15 PM but was rejected as per below chart : Expecting the price to break through the trend in tomorrow’s session. 5. Trading above 20 & 200 EMA on daily chart & daily chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is Strong buy for an upward momentum. Weekly & Monthly chart is Neutral at the moment. 7. RSI is at 63.94 on a Daily Chart & 58.68 on a weekly chart at the time of publishing. 8. MACD Way above signal line on daily & weekly chart . 9. Hull Moving & other moving average is a strong Buy on Weekly, monthly & sell on daily chart. If price sustains above 362.22 by end of the week then it is a very strong signal for upward momentum. 10. Long entry if price breaks above 379.55 & sustains, then we are in upward momentum. However, keep in watch list for the week & alert for price momentum. Projected targets provided in the chart. Stop Loss: Enter only once cup & handle & bearish Bat pattern Break out. 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.
NSE:BOROLTDLong
by Tron029
Hindalco Bearish Move Possible retest for HINDAlCO INDS. Demand could change into supply. Sinds the end of March Hindalco has been facing a strong downtrend. Which could be resulting from the high Dividend payout Q1 2022 as investors have taken profit both from the bullish run and it's dividend higher payout. Approaching the shorter time frames for a more intra-day trade, there is possibility for shorting. The stock's volume is corresponding with a most likely retest, as their is a little barrier occurring right at the previously mentioned formed supply. I recommend a risk reward of 3 due to the enormous selling pressure. - David van Delden
NSE:HINDALCOShort
by ImperialTrading
VIP Industries Clean BreakoutThe idea here is about VIP Industries: V.I.P. Industries Ltd. engages in manufacturing and marketing of luggage, bags, and accessories. The firm's product includes hard and soft luggage-trolleys; suitcases, duffle bags, overnight travel solutions, executive cases, backpacks, and travel accessories. Its brands include VIP, Carlton, Caprese, Footloose, Alfa, Aristocrat, and Skybags. My view is bullish (Swing trade) for the below observed technical factors. Points as per TA on a Daily & Weekly chart: 1.Contracting or Symmetrical triangle breakout & retested on weekly chart as per below: 2. Bearish Crab Harmonic CD leg under formation at the time of publishing as per below: 3. EMA 20 support established on weekly chart as per below: 4. Trading above 20 & 100 EMA on daily chart. 5. Double Bottom formation competed & Neck line breakout completed as per below: 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily,weekly & monthly chart is strong upward momentum at the time of publishing. This is a very good signal for upward momentum. 7. RSI is at 62.82 on a weekly Chart and 66.72 on daily chart at the time of publishing. 8. MACD above signal line on daily & weekly chart which is a signal for upward momentum. 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 10.45 on a weekly which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 32.57 on a daily chart which indicates a strong trend .The trend seems to be picking up. Projected Target: provided in the chart as per Cypher 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.
NSE:VIPINDLong
by Tron029
Deepak Nitrite Breakout of wedgeThe idea here is about Deepak Nitrite: Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals. The company`s product range includes a spectrum of chemicals which caters to a wide range of industries including Colorants, Agrochemicals, Pharmaceuticals, Rubber, Specialty & Fine chemicals. 1. Broken out of Falling Wedge on a weekly chart at the time of publishing. 2. Retesting of support line & breakout point completed on a daily chart as per below image. However, would recommend for a weekly retest of the breakout point. 3. Support established on 20 EMA & 200 EMA on a daily chart as per above image. 4. Trading above 20 & 200 EMA on Weekly chart. 5. Bearish Sea Pony (Advanced Harmonic pattern) formation on a weekly chart. 6. Sea Pony Pattern: Explained in the below image. 7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & monthly chart is Strong for an upward momentum. However, weekly chart is on a strong downward momentum at the time of publishing. 8. RSI is at 50.78 on a weekly Chart at the time of publishing. 9. MACD Way above signal line on weekly chart. 10. Hull Moving average on a daily & weekly is sell & on a monthly chart is a buy other moving averages are strong buy on Daily, Weekly & monthly chart. 11. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Sea Pony Pattern provided in the chart. Stop Loss: Enter long only if retest & upward momentum continuation. 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.
NSE:DEEPAKNTRLong
by Tron029
United Spirits (McDowell_n) Waiting for Breakout.The idea here is about United Spirits (McDowell_n). Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Engulfing candlestick formation on a weekly chart at the time of publishing. 2. Anti Cypher Pattern looks ahead. 3. Downtrend Channel resistance tested might break the channel in coming week. 4. Resistance on 20 EMA on a weekly chart, support established on 50 EMA & Trading above 200 EMA on weekly chart. 4. Kumo Twist & Breakout on a weekly chart is neutral & currently consolidating. However, Kumo Breakout & kumo Twist on daily chart is strong for a upward momentum. 5. RSI is at 49.34 on a weekly Chart at the time of publishing. 6. MACD Crossover signal line on weekly chart. 7. Hull Moving Average is a Buy Signal on Daily, Weekly & monthly chart. 8. Enter long if Price breaks above the resistance. In, any case keep a price alert. 9. Volume Spike in weekly chart signals strong Momentum. Projected targets as per Anti Cypher Pattern & Downtrend channel provided in the chart. Stop Loss: Enter only if price breaks the trend & Retests. 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.
NSE:UNITDSPRLong
by Tron029
TECH MAHINDRA Wiiting for BreakoutThe idea here is about TECH MAHINDRA Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Bat Pattern Completed on a weekly chart. 2. Waiting for Breakout of Falling Wedge or Downtrend Pattern . 3. Resistance on 20 EMA tested on weekly chart. 4. MACD Crossed over Signal on weekly chart on 8th Aug 2022. 5. RSI is at 42.89 on a weekly Chart. 6. Keep in mind CNXIT to break the resistance @ 30475 to 30560. 7. Current market under consolidation. Some Add on Info : Equities saw 17 Number of large deals on 19th Aug 2022, and also Company Acquired its 2 South African Joint ventures. Targets : Estimates based on Bat pattern provided on the chart for reference. Disclaimer: “The above is an idea only and not any kind of financial 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 please follow my profile for more analysis. Cheers.
NSE:TECHMLong
by Tron029
Madras Fertilizers Traiangle breakout The idea here is about Madras Fertilizers: Madras Fertilizers Ltd. engages in the manufacture and marketing of ammonia, urea, and complex fertilizers. It also produces bio-fertilizers and markets organic fertilizers and neem pesticides. I am short term bullish on Madras Fertilizers due to below observed technical factors. 1. Contracting or Symmetrical triangle formation on a weekly chart as per below: 2. Possible bearish Butterfly pattern under formation as per below: 3. Trading above 200 EMA & Support established on 20 EMA on a weekly chart as per below: 4. Ichimoku Cloud analysis: Senkou Span B support established on a daily chart as per below: 5. Ichimoku Cloud analysis: Kumo Break out and kumo twist strong buy for upward momentum on daily & Weekly chart. 6. RSI is at 49.47 on a Daily Chart & 55.97 on a weekly chart at the time of publishing. 7. MACD below signal line on weekly chart & way converging towards signal line on daily chart. 8. Hull Moving average on daily & monthly chart is buy & sell on Weekly chart & other moving average is a strong buy on Weekly & monthly chart. 9. ADX (Average directional index) trend strength is at 24.93 on a weekly and 25.83 on a daily chart which indicates a strong trend ( ADX between 25 - 50 is a strong trend) in the current direction. Projected targets as per bearish butterfly patterns provided in the chart. Stop Loss: provided in chart as per contracting or symmetrical 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!! 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. Note : use the Load new Bars forward button to know the current movement. Cheers.
NSE:MADRASFERTLong
by Tron029
TTM: BIG SUPPORT on watchTTM (Tata Motors), Indian conglomerate. TTM in a clear downtrend. However, reversal or attempt for reversal has to start somewhere. Some positives signs: TTM is now sitting on a huge support which is the upper line of the downtrend channel and a historical horizontal line at $24.27. The downtrend channel was broken, which is a positive sign for the bulls, now we are retesting the top of the channel. RSI daily is oversold. For Ichimoku aficionados the lagging span also bounced on the horizontal support, so far confirming the bounce. And the price is sitting on the top of the cloud on the monthly chart. Will the support hold? No one knows. But the risk vs reward is quiet good here for a long trade with a stop at $24 for minimum loss in case it goes against you. I'm long for a swing trade. Text major support is around $23.44. Trade safe.
TLong
by Elpidaldo
HAL- 60 MINS TIMEFRAMEThe 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
NSE:HALLong
by Tradelikemee
UBL(United Breweries Ltd) Waiting for BreakoutThe idea here is about UBL (United Breweries): United Breweries Ltd a flagship company of UB Group is engaged in the manufacturing and marketing of beverages. 1. Broken out of Ascending Triangle , Double bottom & retesting of support & neck level completed on a weekly chart as per below: 2. Waiting for breakout of Ascending Triangle & Double bottom on a daily chart at the time of publishing. 3. Trading above 20 & 200 EMA on daily chart & weekly chart. 4. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong buy for an upward momentum. 5. RSI is at 59.85 on a Daily Chart & 58.87 on a weekly chart at the time of publishing. 6. MACD Way above signal line on daily & weekly chart . 7. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart. This is a very strong signal for upward momentum. 8. Wait for breakout & retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Ascending triangle & Double bottom 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!! 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.
NSE:UBLLong
by Tron029
KPR MILL clean BreakoutThe idea here is about KPR MILL LTD Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Weekly Candle Highlighted in chart is a Harami Pattern. 2. Gartley Pattern Completed on a weekly chart. 3. Broken out of Downtrend Channel with Good Volume . 4. Support on 20 EMA established. 5. Kumo Twist on a Daily chart is strong. 6. MACD Crossed over Signal on weekly chart. 7. RSI Comfortable at 55.01 on a weekly Chart. Targets : Estimates based on Gartley pattern provided on the chart for reference. Disclaimer: “The above is an idea only and not any kind of financial 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 please follow my profile for more analysis. Cheers.
NSE:KPRMILLLong
by Tron029
Lumax Industries Breakout & RetestThe idea here is about Lumax Industries: The Company offers a range of complete automobile lighting systems and solutions, which includes head lamps and tail lamps, sundry and auxiliary lamps and other related products and accessories for four wheeler, two wheeler, trucks, buses, earth-movers, tractors and a range of applications. Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Shark Pattern Completed, Target 1 achieved momentum towards target 2. 2. Broken out & retested Symmetrical Triangle as per chart. 4. Crossover of 20 EMA & 200 EMA on weekly chart. 4. Kumo Twist & Breakout on a weekly chart is Strong buy with an upward momentum. 5. RSI is at 70.87 on a weekly Chart at the time of publishing. 6. MACD way above signal line on weekly chart. 7. Hull Moving Average is on day is sell, Weekly is buy & monthly is sell coming week will decide on the direction of momentum. 8. Keep a watch on price alert. Projected targets as per Shark Pattern 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.
NSE:LUMAXINDLong
by Tron029
ACC LTD Wait for breakout & retest.The idea here is about ACC LTD. mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Inverse Head & Shoulder Pattern almost complete. 2. Bullish Ascending triangle formation with top flat & bottom rising. 3. Trading way above 20 & 200 EMA on weekly chart. 4. Strong Kumo breakout on weekly chart (Ichimoku Cloud). 5. RSI is at 60.28 on a weekly Chart. 6. MACD way above signal line. 7. Hull Moving Average is a Buy Signal on a weekly chart. 8. Wait for breakout & retest @ 2400.00. 9. Stop loss just below lower low of right shoulder. 10. Projected target as per inverse Head & Shoulder on the chart. Disclaimer: “The above is an 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 please follow my profile for more analysis. Cheers.
NSE:ACCLong
by Tron029
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