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BPCL : Filling Fuel for recoveryBPCL | Based on Demand Zone and Elliott Wave Analysis Chart Overview The chart highlights a completed Elliott Wave 5-structure, with price entering a Valid Demand Zone between ₹270-280. A potential reversal setup is visible, targeting higher levels if price action confirms buyer strength. Analysis Breakdown Key Zones to Watch: Demand Zone (₹270-280): A deep retracement zone with strong historical buying activity. Liquidity likely emerges here after breaking the Major Base Support, trapping weak sellers. First Target Zone (₹343-355): Initial resistance where sellers may reappear after a reversal. Second Target Zone (₹387-400): Extended retracement supply zone where profit-taking is expected. Elliott Wave Structure: The current chart shows a 5-wave bearish structure: Wave (1): Initial impulsive move down. Wave (2): Weak corrective pullback upward. Wave (3): Strongest wave breaking major supports. Wave (4): Minor correction upward. Wave (5): Final wave driving price into the demand zone. Wave 5 completion often signals a potential trend reversal, aligning with this setup. Confirmation Signals: Price Action: Look for bullish reversal candlestick patterns (e.g., hammer, bullish engulfing) near ₹270-280. Volume Spike: Increased buying volume in the demand zone indicates institutional interest. Change of Character (ChoCH): Shift from lower lows/lower highs to higher highs/higher lows. Trading Plan Bullish Reversal Trade: Entry: Near ₹270-280 upon confirmation of bullish price action or volume signals. Targets: Target 1: ₹343-355 (initial resistance). Target 2: ₹387-400 (supply zone). Stop Loss: Below ₹265 (invalidation of demand zone). Bearish Breakdown Trade (If Setup Fails): Logic: A daily close below ₹265 invalidates the demand zone. Entry: Short position below ₹265 after a confirmed breakdown. Target: ₹240-250 (next strong support zone). Stop Loss: Above ₹270-275 (to avoid false breakdowns). Risk Management Position Sizing: Limit risk to 1-2% of total capital. Stop Loss Discipline: Strictly follow stop-loss levels to prevent emotional trading. Risk-to-Reward Ratio: Aim for at least 1:2 or higher R:R ratio (risk ₹10 to target ₹20+). Educational Notes Demand Zone Reversals: Demand zones often lead to significant reversals when combined with liquidity traps and bullish signals. Wave 5 Completions: Wave 5 typically completes a trend, offering reversal opportunities. Patience is Key: Wait for confirmation signals to improve trade probability. Conclusion: Bullish Plan: Watch for reversals in the ₹270-280 demand zone, targeting ₹343-355 and ₹387-400. Bearish Plan: Short below ₹265 if the demand zone fails, targeting ₹240-250. Stick to the plan, follow risk management rules, and allow the market to confirm your bias before executing trades. Disclaimer: I am not a SEBI-registered analyst. The above analysis is for educational purposes only. Please conduct your own research or consult with a financial advisor before making trading decisions.
NSE:BPCLLong
by LiveTradingBox
ADVENZYMES: Catching the Wave of OpportunityADVENZYMES (Advanced Enzyme Tech Ltd.) Key Levels: Demand Zone: ₹333.85 - ₹384.90 Stop Loss: Below ₹333.85 (on daily closing basis) Target Zone: ₹523 - ₹543 (Golden Retracement Zone of the correction swing) Structure & Trend: The stock is currently in an ABC correction wave with Wave C extended. A strong demand zone is visible near ₹333.85 - ₹384.90. Buyers are likely to step in at this zone, creating a potential reversal opportunity. Trade Plan: Entry: Around ₹366 - ₹385 within the demand zone. Targets: First target: ₹450 (midway to retracement) Final target: ₹523 - ₹543 Stop Loss: ₹333.85 on a daily close basis. Note: Sellers might use the ₹523-₹543 zone for profit booking. General Guidelines: Risk Management: Adhere to strict stop losses as per the plan. Confirmation: Look for price action signals (bullish candles, volume spikes) near entry zones. Patience: Allow the trades to develop towards targets gradually. Educational Purpose only
NSE:ADVENZYMESLong
by LiveTradingBox
HAL : Hindustan Aeronautics Ltd completing its correction#HAL (Hindustan Aeronautics Ltd) Daily Chart Analysis 🔍 Technical Overview: 1️⃣ The stock is forming an ABC corrective wave structure, nearing the Extended Correction Zone of Wave C around ₹3,697 - ₹3,405. 2️⃣ The 200 SMA (₹3,405) aligns with a strong support level, increasing the likelihood of a bounce. 3️⃣ Immediate resistance levels are at ₹4,209 and ₹4,509, with the target zone around ₹5,080 - ₹5,130 if bullish momentum continues. 🟢 Bullish Scenario: Support Zone: ₹3,697 - ₹3,405. A reversal here could trigger a rally toward ₹4,209, with an extended target of ₹5,130 - ₹5,165. Confirmation: Look for bullish reversal patterns (e.g., hammer or bullish engulfing candle) supported by volume. 🎯 Long Plan: Entry: ₹3,697 - ₹3,405 (upon bullish confirmation). Targets: TP1: ₹4,209. TP2: ₹5,130 - ₹5,165. Stop-Loss: Below ₹3,380. 🔴 Bearish Scenario: If ₹3,405 fails to hold, the next downside targets are ₹3,000 and ₹2,600. Breakdown Confirmation: A decisive break below ₹3,405 with increased selling pressure. 🎯 Short Plan: Entry: Below ₹3,405. Targets: TP1: ₹3,000. TP2: ₹2,600. Stop-Loss: Above ₹3,500. 📈 Key Levels to Watch: Support: ₹3,830, ₹3,697, ₹3,405. Resistance: ₹4,209, ₹4,509, ₹5,130. ⚠️ Note: Monitor volume and price action carefully around the Extended Correction Zone. Any major defense sector updates or contracts could impact the stock’s movement. #HindustanAeronautics #HAL #StockMarket #TradingView #ElliottWave #TechnicalAnalysis #SwingTrading #NSE #StockCharts #PriceAction #DefenseStocks #IndiaMarkets #StockTrading #MarketAnalysis Comment below if you have questions or insights! 🚀
NSE:HALLong
by LiveTradingBox
VINATIOR - ABC Correction Near Completion (weekly)Vinati Organics Ltd – Weekly Chart Analysis 1. Current Correction and Support Zone The price has completed the ABC corrective structure with wave C nearing its completion in the Extended Correction Zone (₹1,729-₹1,689) . The current price (₹1,834.95) is hovering near the completion zone of wave C , and a sharp recovery is anticipated if support holds. 2. Key Levels and Trading Plan b Bullish Scenario Sustained buying from the current levels or the demand zone (₹1,729-₹1,689) could lead to a recovery toward the following target zones: Target 1: ₹2,360 Target 2: ₹2,614 b Bearish Scenario A break below ₹1,645 (on a day closing basis) could invalidate the bullish setup, with potential downside to lower levels. 3. Observations and Indicators Support at Golden Retracement Zone: The stock had shown sharp recoveries in the past from the 61.8% Fibonacci retracement levels, as seen in earlier price movements on the weekly timeframe. Volume Analysis: A noticeable increase in volume during previous support testing phases indicates buyer interest around key levels. 4. Key Risks A failure to hold the current correction zone could push the stock toward lower levels. Watch for macroeconomic factors or company-specific news that might impact sentiment. 📈 What’s Your Take on the Setup? Are we heading toward the targets, or will bears take over? Share your insights in the comments! 🚀📉
NSE:VINATIORGALong
by LiveTradingBox
BABA | A trillion dollar criticismChinese tech titan Jack Ma had been having it rough ever since his criticism of Beijing triggered a backlash on his companies and wealth but a recent development may change the tide. On Friday, China's central bank announced a fine of 7.12 billion yuan, or $985 million, for Ant Group the fintech giant co-founded by Ma that operates the Alipay payments app signaling that its years-long regulatory crackdown is ending. But the years-long crackdown has taken a heavy toll on Ma's wealth and the market valuations of the companies he holds stakes in. Alibaba the flagship company he cofounded saw a 45%, or $620 billion, drop in market value since shares hit their peak in 2020, per Bloomberg's calculations on Sunday. Ant Group is now valued at around $78.5 billion marking a steep 75% discount to its valuation of $315 billion in a scuttled IPO before Beijing's regulatory crackdown in 2020. The collective $850 billion wipe out in Alibaba and Ant's valuations has sent Ma's net worth plunging from about $61 billion in October 2020 to $34.1 billion as of Monday On a personal level, Ma has also been lying low for more than two years.Ma angered Chinese authorities after giving a speech in October 2020 in which he criticized China's financial regulatory system and claimed Chinese banks were operating with a "pawnshop" mentality. His words prompted intense regulatory scrutiny of his businesses including Alibaba and Ant and a wider crackdown on tech firms in China. In January, he was spotted in Bangkok, where he visited a Michelin-starred street-food restaurant and watched a Muay Thai fight. He also popped up in Hong Kong in the same month. In March, Ma returned to a school he founded in his hometown of Hangzhou in eastern China. In April, he was appointed an honorary professor at the University of Hong Kong. In May, Ma took up a teaching position in Japan, one of the first public roles he has assumed since disappearing from the spotlight in 2020. Last month, Ma attended the Alibaba Global Mathematics Competition finals in Hangzhou, where Alibaba is based. Alibaba shares in Hong Kong were up 3% at 86.90 Hong Kong dollars apiece at midday, buoyed by news of the fine. The company's shares in New York closed 8.1% higher at $90.55 apiece on Friday.
NYSE:BABA
by moonypto
2
Down by 55% now, one should you buy or avoid it !Here in Aavas Financiers are already declined by 55% in the last few months and currently trading at the 1353 level with strong support at 1335 & 1330. Look like it will take reversal from this level now and again fly high for a strong target as below : Buy Above 1385 level on a closing basis Target 1 - 1510 Target 2 - 1588 Target 3 - 1700 Strict Stop loss - 1300 Please consult your financial advisor before taking any trade on my analysis.
NSE:AAVASLong
by smartmarketview
BSE ltd - what's my trade plan 📈💡NSE:BSE Performance: BSE LTD's performance in the market has been stable with significant growth in its key business segments. Market Dominance: BSE LTD continues to dominate as one of the leading stock exchanges in India, dealing with a wide array of asset classes. Technological Advancements: BSE LTD has made significant technological advancements to provide efficient and robust trading systems. Revenue Streams: BSE LTD has diverse revenue streams such as transaction charges, depository charges, membership fees, and listing fees, contributing to its stable financial performance. Regulatory Compliance: BSE LTD operates under strict regulatory compliance, ensuring the interest of investors. Partnerships: BSE LTD has formed strategic partnerships globally, enhancing its market reach and influence. Investment Opportunities: With a high potential for growth, BSE LTD presents promising investment opportunities for traders and investors. disc: Invested , will look for averaging up
NSE:BSELong
by Peaceful-Weekend-Investing
Engineers India - Can it engineer some magic 🔮Spent hours on an Engineers India con-call, sharing analysis to the point in disc: Invested, do your own research 📊 Company Update on Engineers India Limited (EIL) #EIL #Q2FY24 #FinanceReport Financial Performance: EIL's turnover for Q2 ending Sep 2023 was INR 777 cr, a slight dip from INR 808 cr in Q1 FY23-24. Half-year turnover stood at INR 1586 cr. Notable increases in profit before tax (68%) and after tax (59%) compared to last year. Important Q&A Margins & Revenue Adjustments: Post-liquidity damage settlement, margins for the turnkey segment at approx. 1.3%. #Margins Order Pipeline: EIL continues focusing on oil & gas, petrochemicals, refinery, mining, and infrastructure sectors. International Initiatives: Expanding into global markets, EIL has made strides in Guyana, Algeria, and continues efforts in Nigeria, South America, and other African countries. Non-Oil and Gas Initiatives: EIL is actively engaged in green hydrogen projects and has signed an MOA with NTBC for green initiatives and energy transition projects. Growth Prospects: EIL anticipates a 10% increase in turnover and net profit, signalling growth after a period of stability. Investment Plans: Significant investments include the Ramagundam fertilizer project and Numaligarh refinery. No new major projects are planned. Opportunity Size: EIL is bidding for projects in the range of INR 30k to 40k cr across various sectors. Margins in New Sectors: While exploring green hydrogen and other sectors, margins will depend on market competition, but profits are expected to be favourable. 🚩Risk Management in EIL Strategy #Risks #InvestmentRisks Turnkey Segment Margin Variability: Quarterly fluctuating margins in the turnkey segment, generally between 2-3%, with ongoing efforts to improve. Investment in Specific Projects: EIL's focus on a few large projects could be risky if delays or issues arise. Dependency on Large Projects: With significant engagements like the Nigeria fertilizer complex and Guyana power plant project, EIL's performance is heavily dependent on securing large projects Critical Takeaways for EIL Investors #Investors #StockMarket #EIL ⚙️ Chart pattern looking very good on the weekly and daily chart 🔚That's a wrap on the latest EIL update! Follow me for more insightful updates on EIL, finance, and the stock market. #EIL #Finance #StockMarket $NSE:ENGINERS
NSE:ENGINERSINLong
by Peaceful-Weekend-Investing