SWING IDEA - UNO MINDAUno Minda , a leading automotive components manufacturer, stands out as a compelling candidate for investors.
Reasons are listed below :
Multiple tests on the 600-630 levels followed by a breakout, now undergoing retesting, indicating a significant market shift.
Identification of a bullish "morning star" on the daily timeframe and a bullish "hammer" on the weekly timeframe, signaling potential upward momentum.
Strong support from the 50 EMA on the weekly and the 200 EMA on the daily timeframe, bolstering Uno Minda's price action.
Support from the golden Fibonacci zone reinforces the importance of current price levels, adding confidence to potential trades.
Consistent establishment of higher highs reflects a sustained bullish trend, aligning with swing trading strategies seeking upward movement.
A notable increase in trading volumes underscores growing investor interest and suggests the potential for sustained momentum.
Target - 720 // 765
StopLoss - weekly close below 604
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
Nseindia
BANK NIFTY INTRADAY LEVELS FOR 20/06/2024BUY ABOVE - 51600
SL - 51200
TARGETS - 51960,52200,52500
SELL BELOW - 51200
SL - 51600
TARGETS - 50950,50730,50550
NO TRADE ZONE - 51200 to 51600
Previous Day High - 51960
Previous Day Low - 50400
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
SWING IDEA - CONCORContainer Corporation stands out as a promising prospect, supported by compelling technical indicators, inviting closer scrutiny.
Reasons are listed below :
Container Corporation has exhibited resilience at the 815 level, undergoing multiple tests before breaking through. The ongoing retest of this level signals a potential paradigm shift in the stock's trajectory.
A bullish marubozu candle on the weekly timeframe serves as a strong bullish signal. Its significance is magnified by its engulfing of the preceding six weekly candles, indicating a decisive shift in market sentiment towards the positive.
The stock's current trading at all-time high levels reflects a robust bullish sentiment. This not only signifies positive market perception but also suggests untapped potential for further upward movement.
Container Corporation's breakout from a period of robust consolidation is a key indicator of unleashed momentum. Such breakouts often mark the initiation of sustained upward trends.
Trading above both the 50 and 200 Exponential Moving Averages (EMA) provides additional technical confirmation, reinforcing the stock's bullish stance and indicating the strength of the prevailing uptrend.
Target - 1030 // 1140
StopLoss - weekly close below 813
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:GODFRYPHLP - 🚬 ➕🏪➕🍭 can it create a magicThis evergreen stock from the FMCG Sector listed in India is not just on the verge of a breakout after seven years but also building optionalities that can surprise us on the upside.
👍
✅ Weekly Closing close to 52-Week High
✅ Stock up close to 40% in the last couple of weeks
✅ Verge of the multi-year breakout
✅ FMCG sector
🤞~ Every green sector
🤞- Optionalities - Cloud kitchen (ready to eat)
🤞- Optionalities - Convenience store's growth
👎 💣
❎Promoter's credibility
❎ Sin Stocks
❎ Not in explosive growth
BSE:GODFRYPHLP
ITD Cementation - going get good now?NSE:ITDCEM
Is it a good time to invest in ITD Cementation?
Knowing when to exit and re-enter the market is crucial to navigating it successfully. A great way to illustrate this concept is by using a clear example of ITD cementation.
Disclosure: I have invested and want to share it for educational purposes.
SWING IDEA - PBCLA potential swing trade opportunity in PCBL (Phillips Carbon Black Limited), the largest carbon black manufacturer in India.
Reasons are listed below:
Strong Support at 230-240 Zone : PCBL is rebounding from a robust support level, reflecting market confidence in the company's leading position and expertise in the carbon black industry.
'W' Pattern : A 'W' pattern observed in the daily timeframe indicates a potential reversal and bullish continuation pattern, showcasing PCBL's ability to navigate market fluctuations effectively.
Bullish Marubozu Candle : The appearance of a bullish Marubozu candle on the daily timeframe signals strong buying pressure and potential upward momentum, underscoring positive market sentiment towards PCBL's prospects.
200 EMA Support : The 200-period Exponential Moving Average (EMA) on the daily chart acts as reliable support, highlighting PCBL's consistent performance and stability in the industry.
0.5 Fibonacci Support : Finding support at the 0.5 Fibonacci level reinforces PCBL's solid fundamentals and growth potential, providing a strong foundation for potential upward movement.
Target - 300 // 333
Stoploss - Daily close below 229
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
Coromandel International (NSE: COROMANDEL) ForecastWait for the weekly close
Based on the daily chart for Coromandel International (NSE: COROMANDEL), here is the summary:
Key Levels:
- Breakout Level: Around 1287-1290
Current Price:
- Current Price: 1287.85
Chart Analysis:
1. Ascending Triangle Pattern: The stock has formed an ascending triangle pattern, a bullish continuation pattern, which it has recently broken out of.
2. Breakout Confirmation: The breakout from the ascending triangle indicates a potential upward move.
3. Targets:
- Short-Term Target 1: 1320
- Short-Term Target 2: 1380
- Long-Term Target 1: 1450
- Long-Term Target 2: 1700
Strategy:
- Entry: The stock has already broken out of the ascending triangle. A potential entry point would be on a pullback to the breakout level (around 1287-1290) or on confirmation of sustained upward momentum.
- Stop Loss: Consider placing a stop loss below the breakout level, around 1260, to manage risk.
- Targets:
- For short-term trades, consider taking profits at 1320 and 1380.
- For long-term trades, the targets are 1450 and 1700.
Conclusion:
- The stock has shown a strong bullish breakout from the ascending triangle pattern. The breakout suggests a continuation of the upward trend, with short-term targets at 1320 and 1380, and longer-term targets at 1450 and 1700. Monitoring the price action around the breakout level is crucial for confirming the trend and making informed trading decisions.
NIFTY 660+ Points GainAfter a massive week of 660+ points gain, NIFTY has given a SHORT opportunity yesterday.
Days of volatility, guys! BIG money. Everybody is talking about the co-relation of election results.
And why not, market being driven by fundamentals in full power and josh.
A big move is still pending, I dont know if thats gonna happen on Monday 3rd June, 4th June or 5th June. There is a possibility of big gap-ups and gap-downs on these days, specifically.
So, BTST traders, you better watch out and be careful. Risk management is key.
Also, position sizing needs to be watched. You would not want to go in big with a hope to capture big move, only to witness a rude reversal.
NO POSITION IS ALSO A POSITION!
So, be careful, and enjoy the fireworks, gonna start any time now.
Bajaj Holdings & Investment Ltd (ticker: BAJAJHLDG) ForecastThe chart provided is a daily candlestick chart for Bajaj Holdings & Investment Ltd (ticker: BAJAJHLDG) on the National Stock Exchange (NSE). Here's a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Daily
- Data Range: From mid-2023 to mid-2024
Price Analysis:
- Current Price: ₹8,031.95
- Price Movement: The stock has experienced a gradual upward trend with periodic corrections.
- The price reached a peak near ₹10,000 in early 2024 and has since been consolidating in a symmetrical triangle pattern.
Technical Patterns and Indicators:
- Symmetrical Triangle: The stock is forming a symmetrical triangle pattern, characterized by converging trendlines.
- Upper Trendline Resistance: Formed by lower highs since early 2024.
- Lower Trendline Support: Formed by higher lows since mid-2023.
- This pattern often precedes a breakout in either direction.
Key Levels and Future Projections:
- Resistance Levels (Take Profit Targets):
- BUY TP1: ₹9,400.00
- BUY TP2: ₹10,400.00
- BUY TP3: ₹12,100.00
- Support Levels:
- Immediate Support: Around the lower trendline of the symmetrical triangle.
- Further Support: If the price breaks below the lower trendline, previous support levels around ₹7,600 to ₹7,800 could be tested.
Trade Setup:
- Bullish Scenario: If the price breaks above the upper trendline of the symmetrical triangle and sustains above this level, it could potentially move towards the identified resistance levels (TP1, TP2, and TP3). This would confirm a bullish breakout from the symmetrical triangle pattern.
- Bearish Scenario: If the price fails to break above the upper trendline and instead breaks below the lower trendline, it could indicate a potential downside move towards the next support levels.
Conclusion:
The chart for Bajaj Holdings & Investment Ltd shows the stock in a consolidation phase within a symmetrical triangle pattern following a significant upward trend. Key levels to watch include the upper trendline resistance and the lower trendline support. A breakout above the upper trendline could signal a bullish move towards ₹9,400, ₹10,400, and ₹12,100. Conversely, a breakdown below the lower trendline could suggest potential further downside. Traders should look for a confirmed breakout in either direction to make informed trading decisions.
Apollo Tyres (ticker: APOLLOT)The chart provided is a daily candlestick chart for Apollo Tyres (ticker: APOLLOT) on the National Stock Exchange (NSE). Here is a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Daily
- Data Range: From around October 2023 to mid-2024
Price Analysis:
- Current Price: ₹481.65
- Price Movement: The stock price has shown a significant upward trend followed by a period of consolidation.
- The price increased from around ₹300 in October 2023 to a high of approximately ₹560 in early 2024.
- Since reaching this high, the stock has been consolidating, forming lower highs and higher lows, indicative of a symmetrical triangle pattern.
Technical Patterns:
- Symmetrical Triangle: The chart displays a symmetrical triangle pattern, characterized by converging trendlines of lower highs and higher lows. This pattern suggests a period of consolidation before a potential breakout.
- Upper Trendline Resistance: Around ₹500
- Lower Trendline Support: Around ₹460
Trade Setup:
- Wait for Breakout: The chart suggests waiting for a "perfect breakout" from the symmetrical triangle pattern. This breakout will signal the next potential move in the stock price.
- Bullish Scenario: If the price breaks above the upper trendline resistance (around ₹500), it could indicate a continuation of the previous uptrend.
- Buy Target Price (TP): ₹555, which is slightly below the recent high of ₹556.35.
- Bearish Scenario: If the price breaks below the lower trendline support (around ₹460), it could signal a downward move.
- Sell Target Price (TP): ₹415, which is a previous support level.
Conclusion:
The chart for Apollo Tyres shows a symmetrical triangle pattern, indicating a period of consolidation following an uptrend. Traders should wait for a breakout from this pattern to determine the next move. A breakout above ₹500 would suggest a bullish trend with a target price of ₹555. Conversely, a breakdown below ₹460 would suggest a bearish trend with a target price of ₹415. The key action is to wait for a confirmed breakout in either direction before making a trading decision.
Bata India Ltd. (BATAINDIA) Sell StrategyThe chart shows a weekly candlestick pattern for Bata India Ltd. (BATAINDIA) on the NSE, with the current price at INR 1355.95. The chart is exhibiting a downward trend and suggests a bearish outlook based on key technical indicators.
Key Observations:
1. Current Price and Trend:
- The current price is INR 1355.95, with a recent decline of 1.32%.
- The stock has been in a downtrend, as indicated by the descending trendline.
2. Support and Resistance Levels:
- Immediate resistance is around INR 1379.20.
- Support levels are marked at INR 1223.55 and a lower support level at INR 998.30.
3. Descending Trendline:
- The stock has been following a descending trendline from its peak, indicating continued bearish momentum.
- This trendline acts as a resistance level, preventing the stock from moving higher.
4. Trade Strategies:
- Bearish Scenario:
- The stock is currently below the descending trendline, suggesting further downside potential.
- If the price fails to break above the resistance at INR 1379.20, it may continue to decline towards the support levels at INR 1223.55 and potentially down to INR 998.30.
- Sideways Movement:
- The price may experience some consolidation between INR 1379.20 and INR 1223.55 before making a decisive move.
- Traders should watch for a breakout or breakdown from this range to determine the next direction.
Summary:
The weekly chart of Bata India Ltd. shows a clear downtrend, with the stock struggling to break above the descending trendline. Immediate resistance is at INR 1379.20, and the stock is likely to find support at INR 1223.55 and INR 998.30. Traders should be cautious and watch for a breakout above the trendline for any bullish indications, but the current outlook suggests a bearish trend with further downside potential if the price fails to hold above the immediate support levels.
ACC Ltd. (ACC) StrategyThe chart is a daily candlestick chart of ACC Ltd. (ACC) on the NSE, with the current price at INR 2,543.35. The chart shows a descending triangle pattern, highlighting a major support level and potential trade strategies based on key price levels.
Key Observations:
1. Current Price and Trend:
- The current price is INR 2,543.35, showing a slight increase of 0.61%.
- The price is near the upper boundary of the descending triangle pattern.
2. Support and Resistance Levels:
- Major support is at INR 2,361.65.
- Resistance is indicated around the INR 2,600 level and higher at INR 2,734.90 (target).
3. Descending Triangle Pattern:
- The chart shows a descending triangle pattern, suggesting potential for either a breakout or continued consolidation.
- The upper trendline acts as a dynamic resistance.
4. Trade Strategies:
- Buy Strategy:
- If the price breaks above INR 2,600, it signals a potential bullish breakout.
- Traders could buy at the breakout level of INR 2,600.
- Alternatively, traders can wait for a retracement and buy at INR 2,550 for better entry.
- The target for this buy strategy is INR 2,730.
- Sell Strategy:
- If the price fails to break out and moves downward, keeping an eye on the major support at INR 2,361.65 is crucial.
- A break below this major support could indicate further downside potential.
Summary:
The chart of ACC Ltd. indicates a descending triangle pattern, with the current price near the upper boundary. Major support is at INR 2,361.65, and resistance is around INR 2,600, with a target for a bullish breakout at INR 2,730. Traders are advised to watch for a breakout above INR 2,600 for a buy opportunity, with a potential entry at INR 2,550 on retracement. Conversely, a failure to break out and a move towards major support could suggest caution or potential downside risks.
Abbott India Ltd. (ABBOTIND) StrategyThe chart is a 4-hour candlestick chart of Abbott India Ltd. (ABBOTIND) on the NSE, with the current price at INR 26,196.20. The chart illustrates a symmetrical triangle pattern, highlighting key support and resistance levels and suggesting potential trade strategies based on price movements.
Key Observations:
1. Current Price and Trend:
- The current price is INR 26,196.20, reflecting an increase of 1.08%.
- The price is currently near the lower boundary of the symmetrical triangle.
2. Support and Resistance Levels:
- Immediate support is at INR 25,000.
- The next significant support level is at INR 23,591.
- Resistance levels include INR 26,700 and INR 27,100.
3. Symmetrical Triangle Pattern:
- The chart shows a symmetrical triangle pattern, indicating a potential breakout in either direction.
- Traders are watching for a breakout above the upper trendline or a breakdown below the lower trendline.
4. Trade Strategies:
- Buy Strategy:
- If the price breaks above INR 27,100, it signals a potential bullish breakout.
- Traders could buy at the breakout level or wait for a retracement and buy at INR 26,700.
- The target for this buy strategy is INR 28,700.
- Sell Strategy:
- If the price breaks below INR 25,000, it signals a potential bearish breakout.
- Traders could sell at the breakdown level or wait for a retracement and sell at INR 26,000.
- The target for this sell strategy is INR 23,600.
Summary:
The chart suggests a symmetrical triangle pattern for Abbott India Ltd., with the current price positioned near the lower boundary of the triangle. Key support is at INR 25,000, with further support at INR 23,591, while resistance levels are at INR 26,700 and INR 27,100. Traders are advised to watch for a breakout above INR 27,100 to initiate a buy with a target of INR 28,700 or a breakdown below INR 25,000 to initiate a sell with a target of INR 23,600. The decision to enter trades can also be based on waiting for retracement levels to ensure stronger confirmation of the breakout or breakdown.
Aarti Industries Ltd. (AARTIIND) Analysis The chart is a weekly candlestick chart of Aarti Industries Ltd. (AARTIIND) on the NSE, with the current price at INR 630.20. The chart includes several key support and resistance levels and highlights a recent price movement pattern.
BUY Zone : 580 - 610 INR
Key Observations:
1. Current Price and Trend:
- The current price is INR 630.20, showing a slight decline of 0.29%.
- The price has recently broken down from a rising channel, indicating potential bearish sentiment.
2. Support Levels:
- The nearest support levels are at INR 608.40 and INR 580.35.
- If the price continues to decline, these levels might act as potential points of price stabilization or reversal.
3. Resistance Levels:
- Several resistance levels are marked as targets:
- Target 1: INR 765
- Target 2: INR 800
- Target 3: INR 925
- Target 4: INR 1120
- These levels are potential future targets if the price reverses and begins to rise.
4. Price Channels and Patterns:
- The chart previously showed a rising channel from which the price has recently broken down.
- This breakdown from the channel suggests a potential trend reversal or a correction phase.
5. Historical Price Action
- The chart shows that the price experienced significant volatility over the past couple of years, with notable highs and lows.
- There was a marked downtrend until the recent rise within the channel, followed by the recent breakdown.
Summary:
The chart indicates that Aarti Industries Ltd. is currently in a bearish phase after breaking down from a rising channel. Immediate support levels to watch are INR 608.40 and INR 580.35, while resistance levels or future targets are set at INR 765, INR 800, INR 925, and INR 1120. The recent price action suggests caution for traders, as the breakdown from the channel may lead to further declines or a consolidation phase before any potential upward movement.
KARURVYSYA 87%+ Gain in 1 YearKARURVYSYA has been in my bag from a year now.
Never thought this would touch 80%++ in gains.
I had sold 50% of it at 150 price level and held the remaining. I sold 25% of the remaining this morning and keeping the remaining 25% for some more gain, especially for the week after the election results.
We are for sure going to see some crazy spikes / volatility.
Anybody holding KARURVYSYA? Share your story in the comments.
God bless you and happy trading.
BHEL 13%+ Gain in 7 trading days!Hello traders,
How are you guys doing?
Iam bring you one of my recent successful equity trade I took - BHEL
The price on the 15 min time frame successfully closed above the astra line which gave me the confirmed entry for this trade.
The election results are round the corner and the overall market sentiment looks bullish, Iam selling 50% of BHEL on the TP 4 as shown in the chart and hold the remaining till the price crosses under the Astra dotted line.
Overall a nice trade. Good luck and happy trading.
$NSE:SAIL looking Bullish and ready for an Upmove.NSE:SAIL has formed Inverse Head and Shoulders in weekly chart and has successfully given breakout from Triangle taking support from 0.618 Fibonacci and if we check weekly chart it has also broken Ascending triangle pattern.
With current Fundamentals and Technicals NSE:SAIL looks strong and ready for one leg up around 160 and 180 in next few months and 200 to 250 in a year.
Those who want to buy NSE:SAIL can buy around 125 to 135 with a Stoploss of 115.
Targets are
-Short Term
1. 145
2. 150
3. 158
- Mid Term
1. 160
2. 180
3. 200
- Long Term
1. 219
2. 256
3. 293
Please note we are not SEBI registered and the idea above is for educational purpose only and for my own understanding. Please DYOR before taking any trade.
If you like my idea just give a share and boost and don't forget to follow.
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
PNB The Best Investment Opportunity ! ! !
We see Wave 1 and 2 both are completed and Wave 2 has retraced Wave 1 by less than 100% which suffices the rules of the Elliott Wave Theory, Now forms the Wave 3 the Most awaited the most powerful the most wanted and important wave for every trader, This Wave 3 has the maximum potential.
According to the Elliott Wave Theory these are the Extended Fibonacci Levels giving us the leading information instead of lagging.
HAPPY INVESTMENT ! ! ! !
An Ascending Triangle for MARICO!!!The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern!
For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!