Equity Research Flash – Hexaware Technologies Ltd.CMP: ₹722.35 | Bullish Momentum Post Trend Reversal
HEXT shows a bullish breakout from a falling trendline, with RSI near 60 and strong volume uptick. The price reclaimed the 0.5 Fibonacci level, eyeing next targets at ₹749.85 (0.618) and ₹793.35 (0.786). Fundamentally strong with robust revenue growth, improving ROCE (26.4%), and low debt. A move above ₹750 could trigger further upside. Accumulate on dips with SL at ₹688.
Recommendation: Positive | Buy on Dips Near ₹700
For Education Purpose only
Indianstockmarket
Equity Research Flash – BEML Ltd.CMP: ₹3,242.10 | Breakout From Falling Trendline
BEML has decisively broken out of a falling trendline and is now sustaining above a key consolidation zone. With strong bullish candles, a rising RSI, and healthy volume spike, the stock signals bullish momentum. Immediate resistance lies at ₹3,420–₹3,480. Sustained move above could target ₹3,750+. 20/50 EMA crossover supports the upward trend. Traders may consider entries on dips with SL near ₹3,080.
For educational purposes only
RIDING THE INDIAN METAL RALLYThe Indian Metal Index (CNXMETALS) is shaping up for an exciting move! 🚀
LINK TO MY FULL REPORT -
drive.google.com
Through technical analysis, I’ve identified a strong inverse correlation between CNXMETALS and the Dollar Index (DXY) 📊.
Historically, when DXY weakens, Indian metal stocks tend to shine.
🔥 Key Observations:
✅ CNXMETALS Technical Setup – Strong indicators suggesting bullish momentum! 🏗️💰
✅ Stock Picks & Targets – I’ve highlighted key stocks that could benefit from this macro and technical setup! 📌💡
✅ Dollar Index at Crucial Support – A breakdown could fuel an upward surge in Indian metal stocks! 📉➡️📈
✅ Global Macro Trends – A quick dive into the global metal sector & its impact on Indian markets 🌍🔎
Metals are heating up, and the charts are telling a compelling story!
Are you tracking this trend?
Let’s discuss in the comments! ⬇️💬
NIFTY still bearish targeting the 1W MA100 at 22250.The Nifty 50 Index (NIFTY) has been trading within a Channel Down pattern, with its latest Lower High being exactly on the 1D MA50 (blue trend-line). This caused the rejection that initiated the current Bearish Leg.
As we've already completed a 1D Death Cross, the last two times we saw a similar Channel Down was during December 2022 - March 2023 and October 2021 - June 2022. Both of those patterns hit the 1W MA100 (red trend-line) before forming a bottom and rebound.
The March 2023 in fact, was priced exactly on the 0.5 Fibonacci retracement level. With their 1D RSI sequences also identical, we expect the bearish trend to continue for around another 30 days before the Channel Down bottoms on the 1W MA100 - 0.5 Fib cluster. Our Target is 22250.
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BAJAJFINSV BUY PROJECTION Bajajfinsv - Buy View
Trade Setup :
Monthly - Strong Support and FIB 0.786
Weekly - Symmetric Triangle Breakout
Day - Higher High Formed (Uptrend)
Entry - Aggressive Trader(Entry Now)
Conservative Trader - 1588 Rs
Target 1 - 1925 Rs
Target 2 - 1971 Rs
Stoploss - 1514 Rs
Expected Return - 20 %
stock for swing MAZAGON DOCK SHIPBULL LTD
BUYING RANGE - 2315-2380
STOPLOSS-1890
TARGET - 2470-2550-2650
Mazagon Dock Shipbuilders Limited (MDL), Mumbai, established in 1774, is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. It has constructed 801 vessels since 1960, including warships, submarines, cargo/passenger ships, and offshore platforms.
ZOMATO- KEY PRICE LEVELSThe entire move from the Flash crash level of JUNE 4 on ZOMATO
Targets at lower levels marked, should hit the 0.618 FIB level if we see move below 226 where it stopped yesterday.
May not break 200-207, wick down to 200 possible but likely to hold barring a major sell off
Stops below 200 for short term trades when it does come down to 210 odd
NIFTY Best buy opportunity before +20% rise.The Nifty 50 Index (NIFTY) has been trading within a Channel Up every since the June 2022 market bottom of the Inflation Crisis. Last week it broke below its 1W MA50 (blue trend-line) for the first time since March 27 2023 and this week touched the bottom of the Channel Up.
As long as it closes the 1W candle inside the Channel Up, the trend will technically remain bullish. The standard rally of the previous Bullish Legs has been +20%. As a result, we can remain bullish for now and target 27500 (just below the +20% mark).
If it closes a week below the Channel Up, we may very well see further technical correction until it either hits the 1W MA100 (green trend-line) or the 1W RSI gets bearish below 40.00 towards the bottom of its 3-year Rectangle.
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HERO MOTOR- MAJOR CORRECTIONHero Motor Corp- Almost a 3x from March 2023 to Sept 2024. Now under a severe correction, macro and tech factors in play.
Demand zone is 3600-3850, if breaks crucial 4K level.
Sideways in that zone will be good for accumulation for target back 4500+.
Large caps getting attractive in this fall.
BAJAJ AUTO Shortterm VIEW BEARISHAfter a good run from Rs.4,000 (in APRIL 2023) Stock has doubled and more to Rs.10,000.
Along the journey We have seen small consolidations at Rs.8,500-9,300 and stock reached Rs.10k After that we have seen a small dip towards 8,800.
Now its forming a HNS Pattern in Weekly TF.
I expect a Downside correction to 7,000-7,300 Zone.
I also believe Automobile Sector will go through some consolidation.
HERO MOTOR- SUPPORT TESTHero Motor broke out of a crucial level at 2900 where multi month resistance was seen. Post that its rise was halted at 6K+ and now its testing a crucial level of support- 0.618 FIB level , break of which can be bad for the stock -mid term. Correction is heavy on this stock, should watch this level carefully over the next 2-3 weeks.
HEG Skyrockets! All Targets Nailed with RisologicalHEG on the 1-Hour timeframe successfully executed a long trade with all targets from TP1 to TP4 hit with remarkable precision.
Trade Highlights:
Entry: ₹428.35
Targets Hit:
TP1: ₹448.85
TP2: ₹482.00
TP3: ₹515.20
TP4: ₹535.70
Stop Loss: ₹411.75
Technical Insights:
This trade showcased the accuracy and reliability of the Risological Trading Indicator in identifying optimal entry points and scaling through multiple target levels. The upward trend was well-sustained, demonstrating confidence in the tool's ability to manage trades effectively.
Rolex Rings Ready for Takeoff: Long Trade Targets ₹2741!Rolex Rings on the 4-hour timeframe is presenting a fresh long trade opportunity, with the price currently hovering around the entry level. This setup, identified using the Risological Swing Trading Indicator, is primed for a strong upward move targeting 2741.60 at TP4.
Rolex Rings Key Levels:
TP1: 2267.90
TP2: 2448.85
TP3: 2629.80
TP4: 2741.60
Technical Analysis:
The entry price is set at 2156.05, with a stop-loss at 2065.55, ensuring effective risk management.
The price recently broke through a significant resistance zone, signaling bullish momentum. With the Risological trend line confirming the upward bias, this trade setup offers a high-reward opportunity for traders looking to capitalize on the next potential rally.
Namaste!
DELHIVERY INTRADAY TARGETS DONE!Delhivery on the 15-minute timeframe delivered a stellar intraday performance, achieving all predefined targets with precision. This long trade was executed using the Risological Swing Trading Indicator , ensuring a well-timed entry and a disciplined approach.
Delhivery Key Levels:
TP1: 340.80 ✅
TP2: 346.20 ✅
TP3: 351.60 ✅
TP4: 354.90 ✅
Delhivery Technical Analysis:
The trade was initiated at an entry price of 337.45, with a stop-loss positioned at 334.75 to limit downside risk.
Delhivery exhibited strong bullish momentum, crossing the Risological trend line early in the session.
The stock maintained upward movement, achieving all take-profit levels in this intraday trade. This setup highlights the power of the Risological indicator in capturing quick and profitable opportunities in volatile markets.
All the best and do follow me for more success stories, insights, tips and profitable stock calls.
Namaste!
ITI Hits TP1! Target ₹450—Daily Chart Breakout!Indian Telephone Industries (ITI) on the daily timeframe has achieved TP1 and shows strong bullish momentum, making it highly probable to achieve TP2, TP3, and TP4. This trade was identified using the Risological Swing Trading Indicator , providing clear entry, stop-loss, and target levels.
Key Levels:
TP1: 301.40 ✅
TP2: 357.90 (Pending)
TP3: 414.40 (Pending)
TP4: 449.30 (Pending)
Technical Analysis:
The trade entry at 266.50 was confirmed with a breakout above key resistance levels, supported by bullish price action. The stop-loss is tightly placed at 238.25, ensuring risk is well managed. The current upward trajectory aligns with the Risological trend, signaling strong continuation toward the upper targets.
Traders should monitor the price action near TP2 and TP3 for any signs of consolidation or resistance, with the expectation of further upside potential.
Banknifty | 3rd Dec'20243m: Price at strong resistance; wait for bearish confirmation after a nearby buy-side liquidity sweep to short.
15m: If 3m shows no bearish confirmation, watch for a buy-side liquidity sweep on 15m, then await bearish confirmation to short.
*Remember overall 15m trend is bearish!