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Swingtrading

SWING IDEA - MPHASISMphasis , a prominent IT services company, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : Break of Cup and Handle Pattern : The price has broken out of a cup and handle pattern, a bullish continuation pattern that indicates potential for further upward movement. 2830 Resistance Zone Breakout : The 2830 level has been a significant resistance zone, and the price has recently broken out above this level, indicating strong bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish marubozu candle on the weekly chart signifies strong buying pressure and suggests potential for continued upward movement. Volume Spike : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling a potential new bullish trend. Target - 3460 // 3900 Stoploss - weekly close below 2475 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:MPHASISLong
by Visionary_Growth_Insights
2
SWING IDEA - FORTIS HEALTHCAREFortis Healthcare , a leading Indian healthcare provider, presents a compelling opportunity for swing trading. Reasons are listed below : Breakout from Key Resistance Zone : The 450 level has acted as a strong resistance, being tested multiple times. The price is now breaking out of this zone, indicating strong upward momentum. Bullish Engulfing Candle on Daily Timeframe : The recent daily candle engulfed the previous 7 daily candles, signaling a significant shift toward bullish sentiment and indicating potential for further upward movement. Breaking 4-Month Consolidation Phase : The stock has broken out of a consolidation phase that lasted over 4 months, suggesting a new bullish trend might be forming. Bounce from Golden Fibonacci Zone : The price retraced to the 0.618 Fibonacci retracement level and bounced back, indicating strong support and reinforcing the potential for a continued bullish trend. Trading Above 50 and 200 EMA on Daily Timeframe : Fortis Healthcare is trading above both the 50-day and 200-day exponential moving averages, a strong indicator of a sustained uptrend. Trading at All-Time High : The stock is currently at its all-time high, suggesting strong market interest and potential for further growth. However, caution is advised as all-time highs can also attract profit-taking or indicate overbought conditions. Target - 500 // 525 Stoploss - daily close below 420 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:FORTISLong
by Visionary_Growth_Insights
CholaFin-Swing Trading-Bullish flag pattern towards big breakout NSE:CHOLAFIN 18.07.2024 Buy: Above 1450 Target: 1668 Stop Loss: 1370 Risk:Reward- 01 : 1.5 1. Inside Bar Breakout in daily TF & Bullish engulfing found in weekly TF 2. Price was following the parallel channel from last one year.After breaking out the channel, now price has taken retracement. 3. After a good breakout, price has consolidated from one month by forming bullish flag pattern. Today with good green candle, pattern has found breakout with good volumes 4. Price rejected from 21 EMA & price is above 50 EMA. 5. Price has rejected from 0.382 Fibonacci level in previous uptrend.
NSE:CHOLAFINLong
by Swinging_Inside_the_BAR
Naukri - Increment imminent ?? Info Edge recently exhibited a breakout from a descending triangle pattern with notable momentum and trading volume. The stock is currently taking a resistance near 4300. A successful break of this zone has the potential to generate further momentum. Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
NSE:NAUKRILong
by TheChartereds
14
BDL - BREAKOUTBharat Dynamics is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments. FUNDAMENTAL - Company is debt free - 1 year return : 200 % - 5 year return : 900 % - Company is generating wealth - Free cash flow 10Y : 2300 cr TECHNICAL - After 1 month of staying in a range and a few attempts of breakout, the stock is finally breaking out towards new highs. - RSI is 70 on daily which may be slightly overbought but if can be bought for a swing trade ( 3 - 5 trading days ) - Trading above 21 and 50 EMA - Bullish - MACD attempting to cross over. Overall for swing trade : BULLISH For Investment : Wait for pullback as RSI on monthly TF is 90 which is highly overbought. Place a SL If you missed your entry, wait for a pullback and enter at the retest zone or when crosses the high of the pullback. Happy Trading:)
NSE:BDLLong
by rohix
#small cap stock ready for upward move?#smallcap stock Dharmraj crop Incorporated in 2015, manufactures and deals in pesticides including concessionaires of public health products for pest control, insecticides, herbicides, fertilizers and allied products related to research and technical formulations. its 1120 cr company with decent PE VS ROCE ratio, FII increase their stake from 5.5% in Mar'24 to 6.97% in June'24. This week it has taken resistance from the important fib level of 349 and if next week it manages to sustain above this level then it can move up to touch 386,410,424,443(imp level). Once it will sustain above 443 I will try to trail to another important fib level of 537. Below this week's low of 290 it will become weak for the time being. Since I am not SEBI registered please do your research before taking trade in this stock. Please let me know your thoughts on this stock or if you want me to analyze any stock for you then please mention in the comments thanks for reading.
NSE:DHARMAJLong
by ssudhirsharma11
SWING IDEA - ONGCOil and Natural Gas Corporation (ONGC), India's largest oil and gas exploration and production company, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 285 Resistance Level: The 285 level has been a significant resistance zone and has been tested multiple times. The price is now attempting to break through this level, indicating strong bullish momentum. Bullish Marubozu Candle on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement. Breaking 5+ Months Consolidation with Volumes : The stock is breaking out of a consolidation phase that lasted over 5 months, supported by increased trading volumes, signaling a potential new bullish trend. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Target - 335 Stoploss - Daily close below 260 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:ONGCLong
by Visionary_Growth_Insights
10
BASF - An Investment pick with more than 70% ROI.The stock has been in an up trend. It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now. It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe. One may also consider this for a swing opportunity , RSI intact in all time frames. Weekly price action shows, that the stock has broken out of falling channel, retested and reversed Consolidated for 7 weeks. Weekly RSI took support at 60 and bounced. Looks ready for a swing. SL - Previous week low at 3155. Target 1 - all time high, 3880.
NSE:BASFLong
by Rugminik
5
MarketBreakdown | AUDUSD, EURCAD, GBPAUD, AUDCHF ere are the updates & outlook for multiple instruments in my watch list. 1️⃣ #AUDUSD daily time frame 🇺🇸🇦🇺 The pair violated a key daily horizontal support. It opens a potential for a further bearish continuation. Next support - 0.648 2️⃣ #EURCAD weekly time frame 🇪🇺🇨🇦 The market is approaching a significant weekly resistance cluster that is based on 2 important historic highs. I think that we may see a correctional movement/pullback soon. 3️⃣ #GBPAUD weekly time frame 🇬🇧🇦🇺 The pair is unstoppable. The price keep going up rapidly. Ahead, I see 2 important historic resistances. I believe that we will see a pullback from one of these structures. 4️⃣#AUDCHF daily time frame 🇦🇺🇨🇭 The market looks very oversold after a massive selloff. The price is testing a key horizontal daily support at the moment. I think that we may see a pullback from that structure. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Bitcoin Long/Short-Term or Holding AreaMy daily setup My trading strategy is to look for opportunities to enter and exit trades based on these levels on a daily basis. It's important to monitor the market closely for any changes in the key levels of support and resistance to get a good exit or entry. I use technical indicators, such as moving averages, order block and volume price to identify trends and potential entry and exit points. If the price approaches the short-term resistance level at 28897.0 (Max) and the moving average indicates a potential reversal, i consider taking a short position with a target exit at the support level at 27190.2 (Max). Conversely, if the price approaches the support level at 27190.2 and the moving average indicates a potential rebound, we may consider taking a long position with a target exit at the resistance level at 28480.0
by Fadlyyyyy
SWING IDEA - BAYER CROPSCIENCEBayer CropScience , a global leader in agricultural science, is exhibiting technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 6500 Resistance Breakout : The 6500 level has been a significant resistance zone. The price is now breaking out above this level, indicating strong bullish momentum. Breaking 4+ Year Consolidation Phase : The stock is breaking out of a long consolidation phase that lasted over 4 years, signaling a potential new bullish trend. Strong Bullish Marubozu Candle on Weekly Timeframe : The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. Bounced Back from Golden Fibonacci Zone : The stock has bounced back from the golden Fibonacci retracement level (0.618), a key area where prices often rebound, indicating potential for an upward move. Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Target - 7670 // 8700 Stoploss - weekly close below 5600 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:BAYERCROPLong
by Visionary_Growth_Insights
SWING IDEA - INDRAPRASTHA GAS (IGL)Consider a compelling swing trade opportunity in Indraprastha Gas Limited (IGL) , a leading natural gas distribution company in India. Reasons are listed below : Attempt to Break Triangle Pattern : IGL is attempting to break out of a triangle pattern, indicating a potential shift in market sentiment and the beginning of a new trend. Bullish Marubozu on Daily Timeframe : The presence of a bullish Marubozu candlestick pattern on the daily timeframe signals strong buying momentum and potential upward movement. Broke Consolidation of 5 Months : IGL has broken out of a consolidation phase lasting 5 months, suggesting a breakout from range-bound trading and potential sustained upward movement. 50 and 200 EMA Support on Weekly Timeframe : The stock finds support at both the 50 and 200 Exponential Moving Averages (EMA) on the weekly timeframe, indicating bullish momentum and potential for trend continuation. Constant Higher Highs : IGL consistently forms higher highs, reflecting a trend of increasing bullish momentum and reinforcing the potential for further gains. Target - 515 // 585 Stoploss - weekly close below 394 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:IGLLong
by Visionary_Growth_Insights
SWING IDEA - CYIENT Cyient , a global engineering and technology solutions company, is displaying technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : 1700 Support Zone : The 1700 level has been established as a strong support zone, providing a solid base for potential upward movement. Double Bottom Pattern : The formation of a double bottom pattern indicates a potential reversal from the downtrend, signaling a bullish outlook. Bullish Hammer Candle on Weekly Timeframe : The presence of a bullish hammer candle on the weekly chart suggests a reversal in sentiment from bearish to bullish, indicating strong buying pressure. Engulfed 6 Weekly Candles : A recent bullish candle has engulfed the previous 6 weekly candles, demonstrating significant buying interest and a potential shift in trend. 0.382 Fibonacci Support : The stock is finding support at the 0.382 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move. 50 EMA Support : The stock is supported by the 50-week exponential moving average (EMA), reinforcing the bullish sentiment and providing a strong support level. Target - 2190 // 2460 Stoploss - weekly close below 1660 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:CYIENTLong
by Visionary_Growth_Insights