Happy_Candles_Investment

Happy_Candles_Investment

A very good day for NIFTY moving up 1.57% and closing above 17625. A move of 271.65 points North Wards. What would have made analyst like me more happy would be if it would ended the day just above most critical resistance of 17639. Which was the peak of 13th December 2021 big red candle. Any way Nifty can do it tomorrow with the momentum that it gained today....

Happy_Candles_Investment

Market Outlook: Nifty closed strongly above 50 days EMA on Friday which should be a good sign for the coming week. Immediate resistance is near 17432. Crossing it the resistance will be near 17558 and 17683. 17683 is a formidable resistance, crossing it will be difficult but once it is crossed Nifty can go till 18173. Supports on the lower side are 17132, 16938...

Happy_Candles_Investment

IPCA Labs CMP 2176. Looks good for X/2 entry at CMP and second X/2 entry above 2265. Targets: 2453, 2600 and 2700+ (long Term) Stop Loss: Below 1850 closing. Also there will be stock split soon 2:1 in IPCA.

Happy_Candles_Investment

NIFTY chart on hourly candle is looking range bound for last 20 or so candles. That is immense show of strength. 200 Hours EMA 17255 is holding the NIFTY down proving to be tough resistance and 17135 to 17188 range is showing immense support. Once 17255 is broken and the Nifty sustains above it for one or two hour. Next short term target and resistance will be...

Happy_Candles_Investment

Atul was initially given at 7000 for the target of 9K+. Further at 9K it was given for the target of 10K+ which were done and dusted. Again Atul is looking good for Fresh Entry / Averaging / Compounding at CMP 8962. It has made a sort of double bottom and is looking good for the targets of : 9968 and 10971. Stop Loss: 7500 for trading. Otherwise it is a long...

Happy_Candles_Investment

JB Chemical and Pharma CMP 1741 was first given at 1222 from there it went to upto 1985. Last week at 1698 fresh entry was given now it has already gone to 1741 but still if you have missed it there is another entry option available above 1767 closing. Those who hold it can do compounding. Stop Loss remains same at 1500 as of now. Long Term target 1900-2000+

Happy_Candles_Investment

Poonawalla Fincorp is nearing it's ATH BO levels and might move further. It might try to challenge 227.75 today. Above this level the next target for Poonawalla will be 254. 197, 189 are strong supports now. For Fresh Entry 189 should be the Stop Loss. Very Long Term Target looks like 300+ in 12 to 18 months.

Happy_Candles_Investment

NFITY is facing 50 EMA resistance which is near 17342 and quite formidable. Additionally the bottom of candles dated 14th December is also at 17225 which acted immediate resistance yesterday. 17168 yesterday's bottom will be support as NIFTY will once again try to challenge 50 EMA resistance today. RSI is at 49.27 and it is also facing mid channel resistance. 14th...

Happy_Candles_Investment

Major resistance for Nifty going forward is 50 days EMA at 17347. Above that the resistance will be near 17427 and 17683. Above 17683 the potential of Santa Clause rally is to go near 18.2K running cautiously wild. Supports on the down side are 17165, 16938 and 16330 which is a major 200 EMA support, below which there will be cold bear market which can go upto...

Happy_Candles_Investment

ARO Granite Earlier given at 61 in the Special Group going towards the target of 90.55 mentioned in the above message. Trailing Stop Loss is 78.4 now. The stock has already given 36% Returns in 6 months in the most volatile market💥💥💥💥What more can you expect?

Happy_Candles_Investment

ERIS Life Sciences was first given at 644 it went upto 861.95 and has corrected substantially there after. Fresh entry above 734 closing Targets 768. 768 will be a major resistance. Crossing 768 the price can go to 795 and 815 levels. Thus X/2 entry can be taken in the counter at 734 closing and X/2 after closing above 768. Stop Loss should be at closing below 670.