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IPCA LABORATORIES : Potential Harmonic Reversal The idea here is about Ipca Laboratories: Ipca Laboratories Ltd is a fully-integrated Indian pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments. 1. Bullish Cypher pattern completed on a daily chart potential trend reversal expected. However, if the trend continues downward then the pattern is nullified. Out of Falling wedge trend at the moment. 2. What is Cypher Pattern? Explained in the below image: 3. Double top completed and currently looks like a Double bottom pattern under formation as per chart at the time of publishing. 4. Trading way below 20 & 200 EMA on Daily chart & between 20 & 200 EMA on a weekly chart. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, Weekly chart is Strong bearish & Strong Bullish on monthly chart. 6. RSI is at 30.37 on a Daily Chart at the time of publishing. This indicates almost oversold at the time of publishing. 7. MACD below signal line on daily chart, and converging towards signal line. 8. Hull Moving average on a daily & monthly is sell & on a weekly chart is a buy. 9. Wait for trend reversal & retest may be for long entry (short term). However, keep in watch list for the week & alert for price momentum. Projected targets as per Cypher Pattern provided in the chart. Stop Loss: Provided in chart as per Cypher pattern. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:IPCALAB
by Tron029
GRP LTD Double Bottom BreakoutThe idea here is about GRP LTD: GRP Ltd is engaged in the production of reclaim rubber from scrap of whole tyres, tread peelings, natural rubber tubes, butyl tubes, molded rubber products for different applications in both, tyre and non tyre rubber products.. 1. Broken out of Ascending Triangle, Double bottom & retesting of support & neck level in progress at the time of publishing. 2. Trading above 20 & 200 EMA on daily chart. 3. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is Strong for an upward momentum. 4. RSI is at 70.46 on a Daily Chart at the time of publishing. 5. MACD Way above signal line on daily chart. 6. Hull Moving & other moving average is a strong Buy on Daily, Weekly & monthly chart. 7. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Ascending triangle & Double bottom provided in the chart. Stop Loss: provided in chart. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GRPLTDLong
by Tron029
JUBILANT FOODWORKS ? WHAT DO YOU THINKThe idea here is about Jubilant Foodworks. Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Hammer candlestick formation on a weekly chart at the time of publishing. 2. Bat Pattern Completed. 3. Ascending Triangle Formation in place. 4. Support established on 20 EMA on a weekly chart & trading below 50 EMA & above 200 EMA on weekly chart. 4. Kumo Twist & Breakout on a weekly chart is bearish & currently consolidating. 5. RSI is at 51.80 on a weekly Chart at the time of publishing. 6. MACD above signal line. 7. Hull Moving Average is a Buy Signal on Daily, monthly charts & sell on weekly. 8. Enter long if Price breaks above the resistance. In any case keep an price alert. Projected targets as per Bat Pattern & Ascending Triangle provided in the chart. Stop Loss: provided on chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas !! Want to keep yourself updated with current market action? Then don’t forget boost & to subscribe for more analysis. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:JUBLFOOD
by Tron029
HGS primed for breakoutThe idea here is about HGS ( Hinduja Global Solutions). Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed. 2. Cup formation under completion with today’s trading, wait for pull back & break above the current resistance as per chart. 3. Trading way above on 50, 20 & 200 EMA on weekly chart. 4. Resistance on Kumo cloud on a weekly chart & currently consolidating. 5. RSI is at 71.11 on a weekly Chart at the time of publishing. 6. MACD above signal line. 7. Hull Moving Average is a Buy Signal on Daily, weekly & monthly chart. 8. If Price breaks above the resistance then cup & handle formation in invalid. Projected targets as per Crab pattern & cup and handle provided in the chart. Stop Loss: provided on chart. Disclaimer: “The above is an idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! then click on like and comment your thoughts. Want to keep yourself updated with current market action? Then please follow my profile for more analysis. Cheers.
NSE:HGSLong
by Tron029
BERGER PAINTS Clean BreakoutThe idea here is about TECH MAHINDRA Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed on a weekly chart. 2. Break out of Downtrend channel with good Volume. 3.Trading way above 20 EMA on weekly chart. 4. MACD over Signal line on weekly chart . 5. RSI is at 56.80 on a weekly Chart. 6. May retest the break out point and wait for reconfirmation to enter. 7. Hull Moving Average is a Buy Signal on a weekly chart. Targets : Estimates based on Crab pattern provided on the chart for reference. Disclaimer: “The above is an idea only and not any kind of financial advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:BERGEPAINTLong
by Tron029
BERGER PAINTS IND Clean Brakeout The idea here is about BERGER PAINTS Mentioned below are the points to be considered Points as per TA on a Weekly Chart: 1. Crab Pattern Completed on a weekly chart. 2. Elliott's Wave Corrective wave completed and price has broken out of Downtrend channel with good Volume . 3. Trading way above 20 EMA on weekly chart. 4. MACD over Signal line on weekly chart . 5. RSI is at 56.80 on a weekly Chart. 6. May retest the break out point and wait for reconfirmation to enter. 7. Hull Moving Average is a Buy Signal on a weekly chart. Targets : Estimates based on Crab pattern provided on the chart for reference. Disclaimer: “The above is an idea only and not any kind of financial advice. So please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action, then please follow my profile for more analysis. Cheers.
NSE:BERGEPAINTLong
by Tron029
NIFTY 50 is testing important resistance now.Hello Everyone, This is the first time i am sharing my idea on NIFTY 50, Indian Index. Past 3 days were very good for NIFTY. rise of more than 700 points. But now i see downward wedge pattern in Daily chart. Possible scenarios i see here are; 1) Strong resistance at 16000 . We should see profit booking here. we may test 15600 again for good pump. 2) If we continue trend above 16000, (possibilities are slightly high) next strong resistance is between 16150 to 16300 . we should see strong pull back from this levels to 15800 . American market is following the same trend. So trade carefully. #IndianExchange #NIFTY50 #StockMarket
NSE:NIFTY
by Mr_Mainra
Next week is the last ray of hope for the bulls! Last week came like a brain freeze for traders where we saw tremendous volatility on both side but ultimately bears got the final hold. In my last two posts on #Nifty, we predicted a correct Wave C to unfold and that what exactly happen in last week. We are moving towards a near term target of 16100 on indices. But next week is crucial because we MIGHT test 15900 which is a downward trending channel support and also the last ray of hope for the bulls. If we trade below the channel then be ready for a night more on the Nifty... P.S. Just a warning for the bulls !
NSE:NIFTYShort
by KushGhodasara