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GNFC Potential BreakoutThe idea here is about GNFC (Gujarat Narmada Valley Fertilizers & Chemicals Ltd): Gujarat Narmada Valley Fertilizers & Chemicals Ltd.is engaged in the manufacturing and marketing of chemicals, fertilizers and information technology.The products and services offered by the company include Fertilizers- GNFC is one the leaders in the domestic fertilisers industry. The company manufactures and markets fertiliser such as urea, ammonium nitrophosphate and calcium ammonium nitrate under the brand NARMADA. It is also engaged in importing urea, diammonium phosphate (DAP) and muriate of potash (MOP).Chemicals- The company has also set up core chemical and petrochemical plants that manufactures products such as methanol, formic acid, nitric acid, acetic acid and many more My view is Bullish for the below observed technical factors. Points as per TA observed on a Weekly,Daily & Hourly Chart: 1. Contracting or symmetrical triangle observed on a weekly chart as per below: 2. Doji/Spinning top candle formation on weekly chart which indicates the continuation of trend (upward) as per below: 3. Apex point Breakout & Support established with huge breakout in volume & Bullish pin bar candle formation on a daily chart observed as per below: 4. Bullish Gartley, Bearish Anti Crab & Bullish Navarro 200 pattern formations completed within the range of contracting triangle with Gartley & Navarro 200 targets been still active on a weekly chart as per below : 5. Falling wedge observed on 1H chart with breakout & reconfirmation as per below: 6. Inverse Head & Shoulder formation in progress on 1H chart with completion of left Shoulder & Head completed with 20 & 200 EMA support established as per below : Inverse H&S target once completed will lead to breakout of contracting triangle on weekly chart 7. Trading above 20 & 200 EMA on a weekly & 20 EMA support established on daily chart at the time of publishing. 8. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a weekly is a strong upward momentum & Daily is Neutral at the time of publishing. 9. RSI is at 52.64 on a Daily Chart and 53.03 on weekly chart at the time of publishing. 10. MACD almost touching the signal line on daily chart & below signal line on a weekly chart at the time of publishing. There is a high possibility of MACD crossover on weekly chart. 11. Hull Moving average & other averages are strong buy on daily & monthly. However Hull moving average is a sell on weekly and other averages is a Strong buy. 12. ADX ( Average directional index ) trend strength is at 14.02 on a weekly & 12.83 on daily chart, which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend). 13. No divergence observed. Projected Target with %: provided in chart. Stop Loss: provided in chart. Entry point: Conservative trades can wait for breakout & retest of contracting triangle. Aggressive & risk trades can enter at CMP. Note: The center has approved an additional Subsidy on fertilizers for winter planting season. 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 & subscribe for more analysis. The more boost & comments further more motivation for publishing. Do leave your valuable feedback & comments for any improvisations. Cheers.
NSE:GNFC
by Tron029
NIFTY can the Momentum keep up ?The idea is about NIFTY. Mentioned below are the points considered Points as per TA on a Daily & hourly Chart: 1. Anti Crab Harmonic Pattern Completed on 1H chart & Target 1 achieved at the time of publishing as per below : 2. Breakout above 18330 will result in change of character COC (Wyckoff theory) on 1H chart Highlighted in Black as per below : 3. Ichimoku Cloud on Weekly is bullish (Chikou Span is above the price) & currently consolidating as per below: 4. Ichimoku Cloud on daily is bullish (Chikou Span is above the price) as per below: 5. Ichimoku Cloud on 1H is Bearish (Chikou Span is below the price) as per below: 6. Weekly chart has broken out of falling expanding Wedge as per below: 7. Weekly chart has broken out of cup & handle pattern & retest completed as per below: 8. Multiple divergences observed on weekly chart 7th Nov as per below: 9. MACD & RSI divergence observed on daily chart till 16th Nov as per below: 10. Open Interest data shows 180 k Call options @ 18300 which will act as resistance & 101 k put options @ 18200 which will act as support at the time of publishing. 11. RSI weekly @ 62.22, daily @ 60.07 and 1H @ 53.45 at the time of publishing. 12. MACD on weekly & hourly is above signal line and on daily chart below signal line. 13. Hull Moving Average is a Buy Signal on Weekly, Sell on daily & Buy on Hourly chart . 14. Since tomorrow will be the last day for the weekly options expiry & monthly futures expiry huge movements can be expected on 2nd half of trading today & tomorrow. Projected target, as per Anti crab Pattern on on 1H 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:NIFTY
by Tron029
Ramco cement breakoutPVR Chart is is on strong weekly support. Entry: above 738.4 based on volume profile Stop loss: 719.25 Target : your R&R ratio ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁 Happy learning with Earning. Cheers!🥂
NSE:RAMCOCEM
by Shivamtyagi06
BANKNIFTY Double Bottom BreakoutThe idea here is about Bank Nifty: My view is Neutral for the below observed technical factors. Points as per TA observed on a Weekly daily & Hourly Chart: 1. Cup & Handle formation completed awaiting breakout as per below: 2. Doji candle formation on weekly chart as per below: 3. Bearish Bat harmonic pattern completed on a daily & Hourly chart as per below: 4. Double bottom pattern completed on 1H chart & 07th Nov market opened with breaking the neckline, price was pushed below the neckline in 1st Session, However, price recovered & the day closed above neckline as per below : 5. Divergence observed on 1H chart for RSI, Commodity Channel Index & Momentum as per below: 6. Trading way above 20& 200 EMA on a weekly, daily & 20 EMA support established on hourly chart at the time of publishing. 7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a weekly, daily & hourly is very strong upward momentum at the time of publishing. 8. RSI is at 66.86 on a weekly Chart, 64.76 on daily & 65.77 on hourly chart at the time of publishing. 9. MACD almost way above signal line on weekly, daily & hourly chart at the time of publishing. Projected Targets: Double Bottom & Bearish Bat harmonic pattern provided in chart. Stop Loss: provided in chart. Entry point: If price sustains above the double bottom neckline in the next trading session then long entry can be confirmed. If price breaks below the double bottom support short entry can be confirmed. 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 & subscribe for more analysis. The more boost & comments further more motivation for publishing. Let the Trading community & family know about your opinion with comments. Cheers.
NSE:BANKNIFTY
by Tron029
2
NMDC Harmonic & downtrend Potential BreakoutThe idea here is about NMDC: NMDC Limited (NMDC) is an India-based iron ore producer and exporter. The Company operates in two business segments: iron ore and other minerals and services. The Company is engaged in the exploration of a range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and beach sands. My view is very bullish for the below observed technical factors & News. NEWS: MCA (Ministry Of Corporate Affairs) has approved the demerger of NMDC steel from NMDC with ratio of 1:1. Do your own research for more information. Points as per TA on a Weekly & daily Chart: 1. Currently under downtrend & support has been re established @ 129.00 on a weekly chart as per below: 2. Gartley Harmonic Pattern completed with confirmed entry & target 1 completed at the time of publishing on a weekly chart as per below: 3. Bearish Nen Star Harmonic CD leg under progress on a weekly chart as per below: 4. Trading way above 20 & 200 EMA on a weekly chart & 20 EMA cross over expected soon. 5. Trading above 20 & below 200 EMA on daily chart. 6. Bullish flag pattern on weekly chart observed as per below: 7. Multiple divergence confirmed in the same direction on weekly chart as per below: 8. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is neutral, weekly is strong downtrend & monthly chart is consolidating at the time of publishing. 9. RSI is at 51.46 on a weekly Chart and 53.56 on daily chart at the time of publishing. 10. MACD above signal line on weekly & below signal line on daily chart. 11. Hull Moving average on daily & weekly is a sell and other moving averages on a daily,weekly & monthly chart is a buy. 12. ADX (Average directional index ) trend strength is at 20.53 on a weekly, which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 25.32 on a daily chart. Projected Target with %: Provided in the chart as per Gartley & Bearish Nen Star harmonic pattern. Stop Loss: Provided in the chart as per Gartley. Note : Any further dip can be considered to accumulate & Average it down. 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:NMDCLong
by Tron029
Godfrey Phillips Possible BreakoutThe idea here is about Godfrey Phillips: Godfrey Phillips India Ltd. operates as a holding company. It engages in the manufacture and marketing of tobacco related products. The firm operates through the following segments: Cigarette, Tobacco and Related Products and Retail and Related Products. Its cigarette brands include Marlboro, Red & White, Cavanders, Four Square, Stellar, and North Pole and Tipper. My view is bullish short term(Swing trade) for the below observed technical factors. Points as per TA on a Weekly Chart: 1.Contracting or Symmetrical Triangle formation on a weekly chart as per below: 2. Double Bottom formation on a weekly chart as per below: 3. Possible Bearish Gartley harmonic pattern in progress at the time of publishing as per below: 4. Ichimoku cloud Senkou Span A support established on weekly chart as per below: 5. Support established on 20 EMA & trading way above 200 EMA on a weekly chart as per below: 6. Trading above 20 & 200 EMA on daily chart. 7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily, weekly & monthly chart is Strong for an upward momentum at the time of publishing. 8. RSI is at 52.44 on a weekly Chart and 53.73 on daily chart at the time of publishing. 9. MACD above signal line on weekly & daily chart. 10. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy. 11. ADX (Average directional index ) trend strength is at 10.69 on a weekly and 8.70 on a daily chart which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend). Projected Target: provided in the chart. Stop Loss: Provided in the 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:GODFRYPHLPLong
by Tron029
JPPOWER Wait for Bulls & Trend ReversalThe idea here is about Jai Prakash Power Ventures: Jai prakash Power Ventures Ltd. engages in the generation of power. It operates through the following segments: Power and Transmission, Coal, and Other. The Power and Transmission segment includes generation, sale, and transmission of power. The Coal segment refers to the coal mining for captive use in energy generation. The Other segment consists of cement grinding. My view is short term bearish & long term Bullish for the below observed technical factors. Points as per TA on a Monthly, Weekly & daily Chart: 1. Contracting or symmetrical triangle formation observed with ABCD completed and expected move towards E on Elliott’s triangle pattern on a weekly chart as per below: 2. Cup & Handle formation observed on a Monthly chart & under ranging market at the time of publishing as per below: 3. Bearish Anti Butterfly Harmonic pattern completed swing target 2: A Swing = 6.45 which is also contracting or symmetrical triangle support zone as per below: 4. Bullish Gartley Harmonic Pattern CD leg in progress, min & max XD distance on Fib is 0.786 for Gartley which is 6.30. Which is also approx to contracting or symmetrical triangle support zone & Target 2 on Bearish Anti Butterfly Harmonic Pattern as per below: 5. Possible Inverse Head & Shoulder Pattern observed & price to be rejected @ 8.50 due to resistance zone & Bearish Anti Butterfly B point on a weekly chart as per below : 6. Elliott’s Bullish triangle ABCD points completed and Price direction towards E point on a weekly chart as per below: 7. Possible Head & Shoulder pattern observed on daily chart with support zone @ 6.75 as per below: 8. Trading way above 20 & 200 EMA on a weekly chart & 20 EMA cross over expected soon. 9. Trading above 200 EMA & 20 EMA Support on weekly chart. 10. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & weekly is strong uptrend & monthly chart is consolidating at the time of publishing. 11. RSI is at 54.17 on a weekly Chart and 49.44 on daily chart at the time of publishing. 12. MACD above signal line on weekly & daily chart, However it is converging towards signal line on weekly chart. 13. Hull Moving average on daily is a sell and other moving averages on weekly & monthly chart is a strong buy. 14. ADX ( Average directional index ) trend strength is at 23.43 on a weekly & 11.70 on daily chart, which indicates a absent or weak trend ( ADX between 0-25 is a Absent or weak trend). Projected Target with %: Wait for bulls to take over once the price hits 6.60 to 6.45 and enter long since the Risk to Reward looks damn good(Final % provided in chart), since the Earnings report which was on 22nd Oct 2022, looks good this week will give more clarity on Entry points, Stop Loss: Entry only once we have confirmation for long. Note: Any dip can be considered as accumulation. 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:JPPOWER
by Tron029
IRCTC Potential BreakoutThe idea here is about IRCTC: Indian Railway Catering & Tourism Corp. Ltd. provides railway related services. It engages in Catering and Hospitality, Internet Ticketing, Travel and Tourism. My view is bullish (Swing trade) for the below observed technical factors. Points as per TA on a weekly & daily chart: 1.Falling wedge pattern observed on a weekly chart & near the breakout point as per below: 2. Cypher Harmonic completed on weekly chart at the time of publishing as per below: 3. EMA 20 support established on weekly chart as per below: 4. Trading above 20 & 100 EMA on daily chart at the time of publishing. 5. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & monthly chart is Neutral & Weekly is strong downtrend and weak at the time of publishing. 6. RSI is at 55.36 on a weekly Chart and 58.75 on daily chart at the time of publishing. 7. MACD Just crossed signal line on daily chart which is a signal for upward momentum as per below: 8. MACD way above signal line on weekly chart. 9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy. 10. ADX (Average directional index ) trend strength is at 11.81 on a weekly and 14.09 on a daily chart which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) However, the trend seems to be picking up. 11. Enter long position once the breakout is confirmed with retest on daily/weekly chart as per below: Projected Target with % : provided in the chart as per Cypher harmonic pattern. Stop Loss: Provided in the 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:IRCTCLong
by Tron029
Shree Renuka Sugar Clean BreakoutThe idea here is about Shree Renuka Sugar: Shree Renuka Sugars Ltd is a fully integrated player focused on manufacturing and marketing of sugar, power and ethanol. The Products portfolio of the company includes: Sugar, the company manufactures refined sugar confirming to EU standards it is the higher end product consumed by European and African Countries and is also used for Industrial purpose. 1. Broken out of Symmetrical Triangle & retested with heavy volume at the time of publishing. 2. Navarro 200 Advanced harmonic completed from 26th May to 20th June 2022. 3. Trading above 20 & 200 EMA on daily chart. 4. Kumo Breakout & Kumo Twist on a daily chart is Strong for an upward momentum. 5. RSI is at 69.59 on a Daily Chart at the time of publishing. 6. MACD Way above signal line on daily chart. 7. Hull Moving & other moving average is a strong Buy Daily, Weekly & monthly chart. 8. Long Entry confirmed Target 1 achieved. Projected targets as per Navarro 200 & Symmetrical triangle 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:RENUKALong
by Tron029
4
IDBI Bank Ltd Bat pattern Trade Set UpThe idea here is about IDBI Bank Ltd: IDBI Bank Ltd. engages in the provision of commercial banking services to retail and corporate customers. It operates through the following segments: Corporate and Wholesale Banking; Retail Banking; Treasury; and Other Banking and Group Operations. The Corporate and Wholesale Banking segment includes corporate relationship covering deposit and credit activities other than retail, as well as corporate advisory and syndication, project appraisal, and investment portfolio. My view is bullish (Swing trade) for the below observed News & technical factors. News: There is a potential merger up news in air at the moment of publishing this idea. Do your own research to find out more information. Points as per TA on a Daily & Weekly chart: 1.Downtrend channel breakout & retested & trading above 200 EMA & 20 EMA support established on daily chart as per below: 2. Trading below 200 EMA & 20 EMA support established on a weekly chart as per below: 3. Anti Cypher pattern completed on weekly chart, Target 1 achieved from entry point & due to lack of momentum or global uncertainty price has been pushed below Target 1. Price has taken support on 20 EMA as per below: 4. Bat Pattern completed on daily chart, Entry point confirmed price towards target 1 as per below: 5. MACD Converging towards signal line on daily as well as monthly chart which is a signal for upward momentum as per below(daily MACD): MACD above signal line on weekly chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily chart is strong upward momentum at the time of publishing. However on weekly it’s neutral. 7. RSI is at 53.68 on a weekly Chart and 52.63 on daily chart at the time of publishing. 8. Hull Moving average and other moving averages on weekly & monthly chart is a strong buy & on Daily Hull Moving average is sell. 9. ADX (Average directional index ) trend strength is at 20.54 on weekly & 16.58 on daily, which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 31.81 on monthly chart which indicates a strong trend .The trend seems to be picking up. 10. It is also suggested to keep a look on Bank Nifty, as its taken support on 20 EMA on Weekly and below on daily as per below : 11 Ichimoku cloud is strong upward moment for Bank Nifty on weekly and daily chart as per below : Projected Target with %: provided in the chart as per Bat Harmonic pattern, coincidentally Target 4 of Bat is almost aligned with Target 3 of Anti Cypher. Stop Loss: Provided in the chart for Bat . 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:IDBILong
by Tron029
BOROSIL LTD : Potential BreakoutThe idea here is about Borosil Ltd: Borosil is India's most trusted glassware brand since 1962. Synonymous with heatproof glassware, it is the market leader for consumer glassware in India, USA & Netherlands. mentioned below are the points to be considered. Points as per TA on a Hourly, Daily &Weekly Chart: 1. Trading in Ranging Market(Daily chart) since 11th July 2022 after breakout of falling wedge as per below chart: 2. Gartley Harmonic Pattern completed on weekly chart since 23rd August 2021 till 20th June 2022. B Swing completed & momentum heading towards C Swing at the time of publishing as per below chart: 3. Bearish Bat pattern completed on daily chart since 4th August 2022 till 12th September 2022, price may touch B swing on the pattern since 20 EMA is just below the B swing point as per below chart: 4. Cup formation completed on daily & hourly chart since 4th August 2022 till 12th September 2022. Handle formation under process with a downtrend channel on hourly chart. Price did break out of trend on 14th September 2022 between 12.15 PM to 1.15 PM but was rejected as per below chart : Expecting the price to break through the trend in tomorrow’s session. 5. Trading above 20 & 200 EMA on daily chart & daily chart. 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily is Strong buy for an upward momentum. Weekly & Monthly chart is Neutral at the moment. 7. RSI is at 63.94 on a Daily Chart & 58.68 on a weekly chart at the time of publishing. 8. MACD Way above signal line on daily & weekly chart . 9. Hull Moving & other moving average is a strong Buy on Weekly, monthly & sell on daily chart. If price sustains above 362.22 by end of the week then it is a very strong signal for upward momentum. 10. Long entry if price breaks above 379.55 & sustains, then we are in upward momentum. However, keep in watch list for the week & alert for price momentum. Projected targets provided in the chart. Stop Loss: Enter only once cup & handle & bearish Bat pattern Break out. 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:BOROLTDLong
by Tron029
Hindalco Bearish Move Possible retest for HINDAlCO INDS. Demand could change into supply. Sinds the end of March Hindalco has been facing a strong downtrend. Which could be resulting from the high Dividend payout Q1 2022 as investors have taken profit both from the bullish run and it's dividend higher payout. Approaching the shorter time frames for a more intra-day trade, there is possibility for shorting. The stock's volume is corresponding with a most likely retest, as their is a little barrier occurring right at the previously mentioned formed supply. I recommend a risk reward of 3 due to the enormous selling pressure. - David van Delden
NSE:HINDALCOShort
by ImperialTrading
VIP Industries Clean BreakoutThe idea here is about VIP Industries: V.I.P. Industries Ltd. engages in manufacturing and marketing of luggage, bags, and accessories. The firm's product includes hard and soft luggage-trolleys; suitcases, duffle bags, overnight travel solutions, executive cases, backpacks, and travel accessories. Its brands include VIP, Carlton, Caprese, Footloose, Alfa, Aristocrat, and Skybags. My view is bullish (Swing trade) for the below observed technical factors. Points as per TA on a Daily & Weekly chart: 1.Contracting or Symmetrical triangle breakout & retested on weekly chart as per below: 2. Bearish Crab Harmonic CD leg under formation at the time of publishing as per below: 3. EMA 20 support established on weekly chart as per below: 4. Trading above 20 & 100 EMA on daily chart. 5. Double Bottom formation competed & Neck line breakout completed as per below: 6. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily,weekly & monthly chart is strong upward momentum at the time of publishing. This is a very good signal for upward momentum. 7. RSI is at 62.82 on a weekly Chart and 66.72 on daily chart at the time of publishing. 8. MACD above signal line on daily & weekly chart which is a signal for upward momentum. 9. Hull Moving average and other moving averages on a daily,weekly & monthly chart is a strong buy. 10. ADX (Average directional index ) trend strength is at 10.45 on a weekly which indicates a absent or weak trend (ADX between 0-25 is a Absent or weak trend) and 32.57 on a daily chart which indicates a strong trend .The trend seems to be picking up. Projected Target: provided in the chart as per Cypher harmonic pattern. Stop Loss: Provided in the 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:VIPINDLong
by Tron029
Deepak Nitrite Breakout of wedgeThe idea here is about Deepak Nitrite: Deepak Nitrite is a leading manufacturer of organic, inorganic, fine and specialty chemicals. The company`s product range includes a spectrum of chemicals which caters to a wide range of industries including Colorants, Agrochemicals, Pharmaceuticals, Rubber, Specialty & Fine chemicals. 1. Broken out of Falling Wedge on a weekly chart at the time of publishing. 2. Retesting of support line & breakout point completed on a daily chart as per below image. However, would recommend for a weekly retest of the breakout point. 3. Support established on 20 EMA & 200 EMA on a daily chart as per above image. 4. Trading above 20 & 200 EMA on Weekly chart. 5. Bearish Sea Pony (Advanced Harmonic pattern) formation on a weekly chart. 6. Sea Pony Pattern: Explained in the below image. 7. Ichimoku Cloud analysis: Kumo Breakout & Kumo Twist on a daily & monthly chart is Strong for an upward momentum. However, weekly chart is on a strong downward momentum at the time of publishing. 8. RSI is at 50.78 on a weekly Chart at the time of publishing. 9. MACD Way above signal line on weekly chart. 10. Hull Moving average on a daily & weekly is sell & on a monthly chart is a buy other moving averages are strong buy on Daily, Weekly & monthly chart. 11. Wait for retest completion for long entry. However, keep in watch list for the week & alert for price momentum. Projected targets as per Sea Pony Pattern provided in the chart. Stop Loss: Enter long only if retest & upward momentum continuation. 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:DEEPAKNTRLong
by Tron029
Madras Fertilizers Traiangle breakout The idea here is about Madras Fertilizers: Madras Fertilizers Ltd. engages in the manufacture and marketing of ammonia, urea, and complex fertilizers. It also produces bio-fertilizers and markets organic fertilizers and neem pesticides. I am short term bullish on Madras Fertilizers due to below observed technical factors. 1. Contracting or Symmetrical triangle formation on a weekly chart as per below: 2. Possible bearish Butterfly pattern under formation as per below: 3. Trading above 200 EMA & Support established on 20 EMA on a weekly chart as per below: 4. Ichimoku Cloud analysis: Senkou Span B support established on a daily chart as per below: 5. Ichimoku Cloud analysis: Kumo Break out and kumo twist strong buy for upward momentum on daily & Weekly chart. 6. RSI is at 49.47 on a Daily Chart & 55.97 on a weekly chart at the time of publishing. 7. MACD below signal line on weekly chart & way converging towards signal line on daily chart. 8. Hull Moving average on daily & monthly chart is buy & sell on Weekly chart & other moving average is a strong buy on Weekly & monthly chart. 9. ADX (Average directional index) trend strength is at 24.93 on a weekly and 25.83 on a daily chart which indicates a strong trend ( ADX between 25 - 50 is a strong trend) in the current direction. Projected targets as per bearish butterfly patterns provided in the chart. Stop Loss: provided in chart as per contracting or symmetrical triangle. 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. Note : use the Load new Bars forward button to know the current movement. Cheers.
NSE:MADRASFERTLong
by Tron029
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
3 Indian IPOs To Watch In 2022India has, in the past, been called the “next China” for possessing some of the same growth potential and investment opportunities. The truthfulness of this claim was supported recently when Chinese authorities began cracking down on its tech sector giants, prompting investors to look elsewhere for a more reliable home for their money. Coincidently, Indian tech companies are currently experiencing a boom, with Paytm (NSE: PAYTM) and Zomato (NSE: ZOMATO) going public in 2021 and producing some of the country’s largest IPOs to date. While opportunities can be found outside India’s stock exchanges, I want to explore these regulated markets and upcoming IPOs in this article. India’s stock exchanges India is home to eight stock markets with its listed companies worth a combined US $3.46 trillion. To put this into perspective, UK listed companies are worth a total of US $3.59 trillion, less than US $100 billion more than the former British colony. By 2024, Indian listed companies are projected to surpass the value of UK companies’ value and hit approximately US $5.00 trillion. Hosting these companies are the countries well-known exchanges, including the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), and the Multi-Commodity Exchange (MCX) 3 Indian IPOs to watch in 2022 Snapdeal IPO Snapdeal is an Indian e-commerce platform catering to the country’s growing middle class, similar to the US’s Amazon.com (NASDAQ: AMZN) or China’s Alibaba (HKG: 9988). The Company is said to be ready to file preliminary documents signalling its intent to IPO next year at a valuation of approximately US $1.50 billion. Snapdeal is currently backed by Japan’s Softbank (TYO: 9984) and China’s Alibaba Group, which are expected to continue to hold significant stakes after the Company’s IPO. Data Patterns (India) IPO Data Patterns has developed a vast array of electronic systems for the defence and aerospace sectors for the past 35 years. The Company filed to IPO with regulators in September 2021, expecting to raise ₹700 crores, or US $100 million, to help it repay debt and aid expansion. The funds will assist Data Patterns to deliver on its order book, which has grown by 40.7% over the past four years. Data Patterns is seeking a valuation of US $340 million when it goes public. However, no official date has been scheduled for its IPO. MapMyIndia IPO The digital mapping company, headquartered in Delhi, MapMyIndia, develops mapping technology used by some of the world’s largest companies. The Company has received approval (as of the last week of November) from the country’s financial authority to go public. MapMyIndia is perhaps the highest-profile Company on this list, with business relationships with US tech giants Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN) and Uber Technologies (NYSE: UBER), among others. MapMyIndia is seeking a valuation of US $825 million when it IPOs, which it could do before the end of the year. The Company has expressed that the funds will, in part, be used to lift its marketing, helping it compete with the likes of Google (NASDAQ: GOOGL) and Dutch-based TomTom (AMS: TOM2).
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by BlackBull_Markets