Glenmark Pharmaceuticals Limited - Breakout Setup, Move is ON...#GLENMARK trading above Resistance of 1262
Next Resistance is at 1943
Support is at 970
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Chartanalysis
Dr. Reddy's Laboratories Limited - Breakout Setup, Move is ON...#DRREDDY trading above Resistance of 6474
Next Resistance is at 7803
Support is at 5786
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Zydus Lifesciences Ltd - Breakout Setup, Move is ON...#ZYDUSLIFE trading above Resistance of 1128
Next Resistance is at 1297
Support is at 919
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Kirloskar Brothers Limited - Breakout Setup, Move is ON...#KIRLOSBROS trading above Resistance of 2587
Next Resistance is at 2997
Support is at 1786
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Marksans Pharma Ltd - Breakout Setup, Move is ON...#MARKSANS trading above Resistance of 180
Next Resistance is at 212
Support is at 134
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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.
Bitcoin: Deep DiveBitcoin managed to reach a new low within our green Target Zone (between $58,655 and $47,012). This move is in line with our expectations. For the time being, we give the price a little more time and room to the downside to complete the current green wave 4. Our Target Zone can, therefore, still be used to establish long positions, whereby a stop 1% below its lower edge could minimize risk. However, please note that BTC could turn upward again at any time, as the technical requirements for the correction low have been met. Subsequently, Bitcoin should continue its overarching upward movement. The first step should take the price above the resistance at $73,462.
Advanced Entry setup on Advanced Enzyme Ltd.Advanced Entry setup for Advanced Enzyme?
ABOUT
Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally.
FUNDAMENTAL
Since we are looking at the weekly chart, it becomes very important to check the fundamentals.
• Company is almost debt free.
• Company has been maintaining a healthy
dividend payout of 20.9%
• OPM % increasing you
• Cash Flow positive
• FII and DII increasing shareholding.
TECHNICAL
• On a weekly TF, we can see a cup and handle pattern and the formation is completed.
• Increasing volumes are increasing the chances of a breakout
• RSI is at 60, indicating a potential buying strength and is not overbought.
• Trading above 50, 100 and 200 EMA indicating bullishness.
ENTRY, EXIT, TARGET, STOPLOSS
- If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout.
- If you are a risk averse trader then buy some at breakout and more at retest.
- The safe buying zone is above 424 and little aggresive players can add above 410.
- Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350.
- Target 1 is 480, Target 2 is 570
Happy Trading :)
Gold: One Last ClimbGold has slowed its newest upward move, but we assume the precious metal will not give up. Indeed, we expect it to realize even stronger (corrective) gains up into our turquoise Target Zone between $2510 and $2631 to finish the turquoise wave B. However, the turquoise wave alt.B could have already concluded below our Target Zone. In this 40% likely case, the price would fall directly below the support at $2285 (without reaching the Target Zone).
AUROPHARMA/SWING TRADE # STRONG CANDLE CLOSE
#TRADING WITHIN A PATTERN
# SL 1200
ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
VBL/SWING TRADE# ENGULFING CANDLE AT RTST LEVEL
#TALING SUPPORT FROM MA21 EMA 21
# SL 1573
ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
S&P500: Final Sprint!Although the current wave 5 in turquoise has already reached a significant size, and the high should be placed soon, we cannot yet regard it as completed. We therefore continue to give the movement room to the upside. As soon as the high is established, the index should turn and head for our magenta Target Zone (coordinates: 4681 - 4434 points). However, please note our alternative scenario (40% probable). In this case, the index would place the top of the green wave alt. (3) with the next high. Consequently, a reversal and a transition into the wave alt.(5) could already be expected in our green Target Zone (coordinates: 5056 - 4878 points).
SRF/SWING TRADE # PRICE LOOKING BACK TO PREVIOUS TREND
#PRICE TRADING IN A PATTERN
# TAKING SUPPORT FROM MA 21 MA 50 EMA 21
#SL 2370
ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
ExxonMobil: RegenerationWe are primarily assuming that the ExxonMobil stock should rise again significantly as part of the final stage of the green wave (1). Once the high of this movement has been established, a sell-off should follow. However, our please note our alternative scenario (37% probable), which will be triggered on a fall below the support level of $95.77. This option sees the stock in the green wave-alt.(2) correction and will lead to an imminent sell-off.
GOLD - one n only support, holding or not??#GOLD... a perfect move is going on according to our video analysis and as you can see market perfectly hold 2 times 2331 32 and dropped.
and our last day supporting area 2321 is still valid guys don't take it easy,
a triangle is also on table. keep close the tringle.
TECHNICAL:
2321 is one of the most important on chart in hour and 4 hours chart. in yesterday market perfectly hold it and now again hat is your area, short only below that area with mentioned tp's
good luck
trade wisely
UPL :: Turning around to (Agrow)Chemical Stock? - It's been decades we have seen that AgriCulture is contributing almost about 18-20% in India's GDP growth yet this sector remains to be more politically inclined to their specific actions during major elections.
- GDP contribution by Top 3 sectors:
Agriculture: 18.4%
Industry: 28.3%
Services: 53.3%
- NSE:UPL is one of the top 5 global providers of total agricultural solutions with a footprint in 138+ countries.
Going by the current situation we see the following observations -
1) Script is trading at a Money-based range dating back to the pandemic lows after hitting 52W Lows due to global headwinds.
2) After a stellar doubler move from Dec'20 to May'21 the script delivered almost more than 100% return to its investors and eventually we see a exhaustion after an eventual double top like pattern with a neckline candle marked in a red zone.
3) Interestingly, you see a SWAP LEVEL marked to denote the beautiful Yearly Low of 2021 being protected for next 2yrs and finally breaks down nearing ending of 2022 while being in a range of 200p within the red zone and swap level for that existing period.
4) While, we talked about price action in the previous point we missed out the lethal info being nudged in by our FUNDFLUX tool which showed consistent outflow of money in first 2Q's of 2022 before it out the swap level in Q3 of 2022.
5) What happens next will make you understand why we call the marked blue dotted line as the "Swap level" as after the breakdown we see a retest of the same level now turning out to be a resistance for script and eventually the Yearly Pivot Level of 2024 .
6) Now, currently the script trades in a good money-based range eventually dodging out YL4 breakdown and here the risk seems to be minimum as per the return is concerned as after 510-520 the script will be ripped for 640-650 initial target making a return of 30-35% in cash from entry being in the marked money-based green range and it can be in news in this quarter as elections are nearing and as said in the beginning - "AgriCulture" will be on one of the top agendas of the political parties and alongside if we see a relief from destocking and price revisions in the West after the much anticipated rate cuts then it will be an icing on the cake for the script as margins will improve in the coming quarterly results and lastly monsoon season is about to begin in India in a month and till now SKYMET expects Monsoon to be 'normal' in India.
A RELEVANT ARTICLE -
www.livemint.com
Apple: DownhillApple recently set the high of the corrective wave (B) in magenta just below the resistance at $221.59. The wave (C) should now expand down into our green Target Zone (between $192.26 and $176.27). There the superior green wave (2) should be completed. Subsequently, we expect a reversal and a rise above $221.59. However, please note our alternative scenario (43%) that will come into play on a direct break of this resistance. In this case, the green wave alt.(2) is already complete.
Disney (DIS): Waiting for the Right MoveIt's been a while since we last checked on Disney. We hit our target for Wave A, getting close to $126. Now, we are working on Wave B, which we think will finish between $96 and $89. This range matches the 61.8% to 78.6% Fibonacci retracement levels, suggesting a Zig-Zag correction.
Current Situation:
Regarding the future outlook, we are looking at $156 to $176 for the next upward move, matching the 61.8% to 78.6% Fibonacci retracement levels for the larger Wave B.
Strategy:
Our plan is to be patient. We are not trading or taking any positions right now. The correction might extend and could bring the price below $77 if Wave (A) isn’t fully done. It’s important to wait for clear signs of stability and the end of the correction before making any moves.
Conclusion:
Patience is very important for Disney right now. We are watching the $96 to $89 range to see if Wave B completes. If this correction phase ends well, we might see a move towards $156 to $176. However, we need to stay cautious and wait for a clear signal before taking any action.
Lista chartLista key levels. Each horizontal line represents support and resistance with the green lines representing ideal targets for a bull run. The green diagonal line is the support pushing the price up, when it brakes the price can go to the lower targets.
The vertical lines are trigger points for pumps or dumps.
This is done using an experimental method inspired by Da Vinci. This is not financial advice.
1000 rats full chartThis is an experimental chart using a method that I developed over 6 - 7 years. The circles act as targets and magnets for the price also as support and resistance.
You also have diagonal trendlines with channels. each channel has an upper limit that acts as resistance, a lower limit that acts as support and a middle area.
The trendlines will direct the price in one direction and sometimes it can breakout of the downtrend and uptrend and reset to the reversal targets.
eBay: Knock... Knock...Ebay is trying to overcome the resistance line at $55.50. We expect it to succeed in doing so soon. We expect the high of the current wave b in beige and thus the end of the corrective rise well above this level. If, on the other hand, the stock now heads directly below the support at $46.03, we will have to assume that the wave alt. b in beige is already finished (probability: 37%).