Boeing looks good above 245$BA above 245 looks good (if it gives breakout with volume), quite a consolidation #StocksToWatch. Also finally the order book tuens positive
Positionalview
Is the broad-term trend of Tata Motors finally turning up?NSE:TATAMOTORS has been underperforming consistently since 2016 (around 4.5 years). It's been in a textbook downtrend so far, making lower highs on the Weekly chart.
But with the strong moves December onwards, the stock has cleared a very important hurdle and has broken market structure. This may potentially mean that it could finally be a favourable as a bullish positional pick. A 200 retest cannot be ruled out and the trade basis should remain intact as long as this is maintained.
Also, the stock is trading above AVWAP for the first time in years.
On the fundamental front, 11th Jan's movement in particular might be due to strong JLR sales. They are also improving their product portfolio a lot with several new launches planned. The Nexon EV appears promising. Things seem to be looking good!
Positional Nio View$nio chart is looking interesting with the symmetrical triangle formation, a close above 48.5 can lead to a breakout.
Also, Nio day is near on 9th Jan, an annual event for the company to make major announcements for products or services. Will it lead the rally to ATH?
JK paper looks bullish JK paper got bounced from support line, buy it for a tgt of 92, 94+ in 1 week of time frame
ITC ascending triangle breakout, closed above 202 Target 210,220 ITC ascending triangle breakout, closed above 202 Target 210,215,220 SL 192
AMD finally breaks the rangeAMD channel breakout , T1 70$ Have mentioned fibo levels in the chart to help with entry and exit
Positional Buy Gold looks bullishGold looks bullish with a flag an pole breakout , T1 1900 T2 2000. Also have drawn the fib levels in the chart
Positional buy VISA above 200Potential Cup and Handle Pattern breakout , will look for the breakout above 200 above volume. It is a long term stock in my portfolio. Will update the targets once we see the clear breakout
DJI on am important support levelToday's candle will be important to see if we are breaking the channel , m inclined towards a fall as the market is not reflecting the current economic conditions . Refer to charts for the levels
MCDOWELL - KEEP AN EYE NEAR 570-550 zoneMc dowell has rallied about 25% in past 8 trading session and it also closed above it previous resistance around 570 levels.
Currently Its taking resistance T Fib extension levels around 616.
The structure of the stock is now of higher highs and higher low, hence any pullback can be an opportunity to enter long in the stock.
I will be eyeing 570 -550 zone for entering in the stock for the target of 700-720 levels.
The said view will be negated below 520 levels.
Positional Reliance looks a good buy above 1445Positional buy - Reliance with target of 1550 and more SL 1370
WABAG ::: BULLISHinstrument: WABAG
Time frame: Week
CMP: 112.70
Buy above: 112.50
SL: 106.
Target 01: 151.70
Target 02: 178
My View DAY TIME FRAME
Even though WABAG is now moving in sideways for 3 consecutive days and Stochastics giving bearish sentiment PSAR is still bullish.
My view WEEK TIME FRAME:
Both Stochastics and PSAR are bullish it has just come out of the rangebound scenario. So expecting it to become bullish.
RISK DISCLOSURE:
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
CIPLABefore the technical analysis, Please do like comment and follow.
In the Hourly time frame, there is a half-circle pattern formed. Take entry after the breakout is done, Easy target will reach when the breakout is done, but target will reach after the retest. Do wait for the target. A breakaway gap is there, as well as target, is also in the gap so it will fill the gap and it reaches the target
Nifty in Important support Nifty in important support when it break down we may expect an fall. Trade with the one hour closing candle.
EURUSD Travels in the parallel channel Travels in the parallel channel, Now take entry and wait for the resistance, only for the positional.
BritanniaBritannia breaks an important support, sell below 2980 next next targets in the chart. and follow an nifty trend to get the best results. No physical stoploss, stop loss by your own
Torntpharm breakout is doneBreaked its resistance and retest is also completed you can take entry after you get the confirmation in the chart
DABUR INDIA : Possible reversal from a strong support ZoneDABUR INDIA on the Weekly appears to have a Doji at a strong support zone. If the price sustains above the HIGH of this Doji then, reversal is possible.
It certainly worth confirming this reversal and then enjoy the LONG ride!
