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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.
NSE:APOLLOTYRELong
by The90sTraderOfficial
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.
NSE:BATAINDIAShort
by The90sTraderOfficial
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.
NSE:ACCLong
by The90sTraderOfficial
1
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.
NSE:ABBOTINDIA
by The90sTraderOfficial
1
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.
NSE:AARTIINDLong
by The90sTraderOfficial
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.
NSE:KARURVYSYALong
by ProfitsNinja
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:BHELLong
by ProfitsNinja
$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.
NSE:SAILLong
by rahulxvaishnav
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
ILong
by 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 ! ! ! !
NSE:PNBLong
by WavesandZones
Consolidation in COAL INDIA - Expect a 15% upmove post breakout COAL INDIA - is nearing its 52 week high with decreasing supply on a daily time frame with a consolidation from the past 100 days. The company has seen an influx of institutional investing. Coal has also been a silent performer and will only increase with the dependency on the product. Good for swing traders to be kept on watchlist. Look for volume gain above the 30w moving average on weekly time frame. Can expect an upward momentum of a min of 25%. Entry - On breakout - INR 455 and above. SL - swing low of 3% TSL - According to your risk profile. Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:COALINDIALong
by Rokdevildivine
CROMPTON - DAILY CHARTThe 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. Please keep your comments useful & respectful. Keep it simple, keep it Unique. Thanks for your support Tradelikemee Academy Saanjayy K G
NSE:CROMPTONLong
by Tradelikemee
BAJAJ FINSERVEThe 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 Saanjayy K G
NSE:BAJAJFINSVLong
by Tradelikemee
3
NATIONALUMwe are looking NATIONALUM bullish move. If market take support from channel it will boost to increase buying pressure. Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:NATIONALUMLong
by Kaviarasu_Chandrasekar
Industower has a breakout out resistanceIndustower has been moving higher after the rumours of telecom policy and finally after the actual policy decision major buying seen with high volumes. We now see a major resistance level breakout today, Buy with targets of 353,432 & 500. Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.82 times Healthy long term growth as Net Sales has grown by an annual rate of 27.65% and Operating profit at 34.04% With a growth in Net Sales of 4.7%, the company declared Very Positive results in Jun 21 The company has declared positive results for the last 2 consecutive quartersNET SALES(Q) Highest at Rs 6,797.00 crPBDIT(Q) Highest at Rs 3,516.70 cr.PBT LESS OI(Q) Highest at Rs 1,820.10 cr.4 The technical trend has improved from Sideways on 14-Sep-21 and has generated 16.27% returns since then Multiple factors for the stock are Bullish like MACD, Bollinger Band With its market cap of Rs 73,693 cr, it is the biggest company in the sector and constitutes 60.83% of the entire sector Its annual Sales of Rs 19,115.90 are 54.63% of the industry. Industower low debt exposure to telecom and largecap for comfort If you like the idea, like & subscribe
NSE:INDUSTOWERLong
by Mukadam
2
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
NLC INDIA DAILY TIME FRAME - MY VIEWThe 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 Sanjay K G
BSE:NLCINDIALong
by Tradelikemee