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 %
Nse
stock for swing KRN Heat Exchanger and Refrigeration Ltd
TF-1DAY
The stock was in a consolidation phase and now it has broken the upper side level.if this candle sustains the 880 level then make plan for entry
STOPLOSS-820
TARGET-940-980-1000++
KRN Heat Exchanger and Refrigeration (KHERL), manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning, and Refrigeration Industry.
SWING IDEA - BALAJI AMINESBalaji Amines , a leading manufacturer of specialty chemicals, is showing promising signs for a potential swing trade.
Reasons are listed below:
Crucial Support Zone (1850-2000) : The 1850-2000 range has proven to be a strong support zone, indicating significant buying interest and potential for a price rebound.
0.618 Fibonacci Support : The price has found support at the 0.618 Fibonacci retracement level, often referred to as the "golden ratio," suggesting a likely reversal or continuation of the uptrend.
Bullish Marubozu Candle on Weekly Timeframe : The recent weekly candle is a bullish marubozu, characterized by little to no shadows, indicating strong buying pressure and potential for further upward movement.
Support from 50 and 200 EMA on Weekly Timeframe : The stock is trading above both the 50-week and 200-week exponential moving averages, providing strong support and confirming the long-term uptrend.
Increase in Volumes : A noticeable spike in trading volume often confirms the strength of a price move, indicating greater participation and confidence in the direction of the trend.
Target - 2720 // 3030 // 3800
Stoploss - weekly close below 1875
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - JUBILANT PHARMOVAJubilant Pharmova , a diversified global pharmaceutical and life sciences company, offers an attractive swing trade setup with the following technical factors.
Reasons are listed below :
Break of 1000 Resistance : The price has decisively broken above the significant 1000 level and is sustaining, indicating strength and bullish momentum.
Consolidation Breakout : The stock is breaking out of a consolidation phase lasting over 6 years, suggesting a potential long-term uptrend.
Volume Spike : Increased trading volumes highlight growing investor interest and support the breakout.
Engulfing Candle : A bullish engulfing candle on the weekly timeframe reflects strong buying sentiment.
Target - 1450 // 1590
Stoploss - weekly close below 1030
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - PNB HOUSING FINANCEPNB Housing Finance , a prominent housing finance company in India, is exhibiting a promising swing trade setup supported by strong technical signals.
Reasons are listed below :
Breakout and Retest of 800 Zone : The stock previously broke a strong resistance at 800 and is now retesting it, showing potential for upward momentum.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe indicates robust buying interest.
Golden Fibonacci Zone : The stock is bouncing back from a key Fibonacci retracement level, suggesting a continuation of the uptrend.
50 EMA Support : Price action is well-supported by the 50 EMA on the weekly timeframe, affirming bullish sentiment.
Volume Spike : A significant increase in trading volumes highlights growing investor confidence.
Target - 1190 // 1380
Stoploss - weekly close below 825
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - THE RAMCO CEMENTS Ramco Cements , one of India's leading cement manufacturers, is showing a promising swing trade setup with compelling technical signals.
Reasons are listed below :
Cup and Handle Pattern Breakout : The price is breaking out from a classic cup and handle pattern, which indicates a continuation of the upward trend.
1050 Resistance Zone : This level has been tested multiple times and is now showing signs of a breakout, suggesting strong bullish sentiment.
2.5+ Year Consolidation Break : The stock is emerging from a prolonged consolidation phase, which often signals a significant trend reversal or continuation.
Bullish Engulfing Candle : A bullish engulfing candle on the daily timeframe highlights strong buying momentum.
Target - 1150 // 1215 // 1340
Stoploss - weekly close below 925
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Tata Motors Forms Reverse H&S, Targets 61.8% Fibonacci Level?Tata Motors trying to form a reverse head and shoulders pattern, a bullish indicator suggesting a potential price reversal. As the stock continues to rise, it is anticipated to touch the 61.8% Fibonacci retracement level possibly before the upcoming announcement of Quarterly results (17% up move from current levels), a critical point often associated with significant price movements. Investors should watch for confirmation of this pattern to gauge potential upward momentum.
View invalidates below 720 on Daily close.
Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses.
BUY MAZAGON DOCK SHIPBUILD LTD After split in last month stock was going through tight downside consolidation phase, now it is showing trend reversal with budget coming near with expectation of increase in DEFENCE EXPENDITURE. BUYING RANGE 2170-2200 WITH TARGET OF 2400,2700 AND FOLLOW STOPLOSS OF 1850.
Blue or Red - Which Alternative Would Play Out in NIFTY50?I see two major possibilities in NSE:NIFTY from Elliott Wave perspective, marked in red and blue.
As per blue counts, B of ABC down was done at 24857.75 and we are in C down. The downmove in C so far was corrective W (internally WXYXZ, or triple zigzag) so the bounce this week should be X. X has already retraced more than 50%, though less than 61.8%, so there is a possibility this X is complete and wave Y down within larger wave C will unfold next week. Having said that, X may not be over and might do 61.8% or more so that leaves some more room on the upside followed by Y down.
On the other hand, as per red counts, we are still in wave B of ABC down. 61.8% of the A is around 25125 so B might make an attempt towards or beyond that level. Once that's done, C should unfold on the downside.
Bigger picture is that, C down is still pending (or already in progress as per blue count) in both scenarios. If we break the low of 23460 then blue wave counts would likely play out. But if we break this week's high of 23226.70 then either blue or red counts could be in play as per the upside levels mentioned in both cases.
Let's see on which side camel will sit ...
NIFTY : Critical Support Retested – Bank Nifty Adds Pressure !Title: 📊 NSE:NIFTY (₹23,644.90): Critical Support Retested – Bank Nifty Weakness Adds Pressure!
🔍 Market Overview:
Current Price: ₹23,644.90
Key Observation: NSE:NIFTY is hovering near the crucial support of ₹23,540 (previously held on Dec 20).
Breakdown Risk: If ₹23,540 fails to hold, expect a slide toward ₹23,300 and possibly ₹23,150.
Market Sentiment: The market remains in an oversold zone, signaling a potential technical bounce, but weakness dominates.
🛑 Impact of Bank Nifty Weakness:
NSE:BANKNIFTY Trend: Also showing signs of weakness, which adds downward pressure on Nifty50.
Key Correlation: Financials have a significant weight in Nifty50; Bank Nifty's weakness could accelerate Nifty's downside move.
📊 Support & Resistance Levels:
Support: ₹23,540 → ₹23,300 → ₹23,150
Resistance: ₹23,750 → ₹23,880 → ₹24,000
📈 Fibonacci Insights:
The Fibonacci retracement highlights ₹23,540 as a make-or-break level.
A bounce from here could see Nifty testing ₹23,750 as the first resistance level.
⚖️ Strategy:
For Traders:
Below ₹23,540 → Short with a target of ₹23,300, keeping a strict stop-loss near ₹23,750.
Above ₹23,750 → Look for intraday longs targeting ₹23,880–₹24,000.
For Investors:
Use dips around ₹23,300–₹23,150 to accumulate quality stocks for long-term investment.
⚠️ Key Risks:
Continued selling pressure in Bank Nifty can trigger sharper declines in Nifty50.
Global cues and FII activity remain critical for near-term direction.
Disclaimer: I am not a SEBI-registered advisor. This analysis is purely for informational and educational purposes. Please consult a SEBI-registered financial advisor before making trading or investment decisions.
Deepak Nitrite Ltd's (DEEPAKN) technical analysisDeepak Nitrite Ltd's (DEEPAKN) technical analysis shows daily price movements. Here's a summary of the key insights:
Price Action and Trend:
The stock price is consolidating within a triangular pattern, suggesting a possible breakout or breakdown in the future.
A strong support level is evident near ₹2,454.60.
Resistance is marked at multiple levels, with a highlighted "Strong Resistance Zone" around ₹3,023 to ₹3,150.
Fibonacci Levels:
Fibonacci retracement levels are drawn from a previous significant swing low to high:
0.5 Level: ₹3,023.50 (a key resistance level).
0.618 Level: ₹3,157.75 (another potential resistance zone).
Targets:
Target 1: ₹3,150.95 (based on Fibonacci 0.618 level).
Target 2: ₹3,594.70 (prior high or 1 Fibonacci level).
Target 3: ₹4,271.95 (extension at 1.618 Fibonacci level).
Strong Resistance Zone:
The shaded region indicates a historically strong resistance zone, where the price has struggled to break above in the past.
Outlook:
If the price breaks above the resistance zone, it could aim for Target 1 and potentially higher targets.
A breakdown below the triangle's lower trendline or ₹2,454.60 could lead to a bearish scenario.
SWING IDEA - EXCEL INDUSTRIESExcel Industries , known for its expertise in manufacturing specialty chemicals, is setting up for a possible swing trade with supporting technicals.
Reasons are listed below :
Breaking out 1600 Zone : The price has tested this level multiple times and is now set to potentially break through, signaling strength.
Trendline Breakout : A breakout following a period of consolidation at the higher end of the trendline suggests momentum building.
Highest Weekly Close Since 2019 : The recent price action reflects significant bullishness, closing at levels not seen in years.
Intact Trend : The formation of higher highs and lows indicates that the bullish trend remains solid.
Trading Above 50 and 200 EMA : The price action above these key moving averages on the weekly timeframe points to continued positive sentiment and support.
Target - 1920 // 2130
Stoploss - weekly close below 1425
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Wave C down in NIFTY seem to have started ...NSE:NIFTY is in ABC correction mode and seem to have completed B and now starting C down. The minimum requirement for C is around 23000 which is 61.8% of wave A. Other important levels are around 22500 and 22000, 78.6% and 100% of A respectively.
There might be pullbacks on the way down but all major swing highs should hold from here till we do at least 23K.
BEML Ltd: Bullish Breakout AnalysisUpdate:
BEML secured a ₹136 crore order from the Ministry of Defence, strengthening its fundamentals and boosting investor sentiment.
Technical Highlights:
Breakout Zone: Stock broke above ₹4,500 resistance with strong volumes, confirming bullish momentum.
Key Levels:
Support: ₹4,300 | ₹4,040
Resistance: ₹4,762 | ₹4,995 | ₹5,205 | ₹5,472 (Fibonacci target).
Trend: Higher highs and higher lows indicate a sustained uptrend.
Momentum: RSI in overbought territory suggests strong buying pressure, with potential minor pullbacks.
Outlook:
The technical breakout, combined with a solid fundamental catalyst, positions BEML for a potential rally toward ₹5,200–₹5,470. A stop-loss below ₹4,300 is advised for risk management.
Disclaimer:
This is for educational purposes only. Please consult a financial advisor before investing.
Analysis of the Cummins India Ltd. (CUMMINS)Analysis of the Cummins India Ltd. (CUMMINS) Chart:
Key Observations:
Resistance and Breakout Zone:
The chart highlights a significant resistance level at ₹3,600–₹3,620, which the stock is currently testing.
A downtrend line (dotted) also converges near this zone, making it a critical level to watch. A breakout above this trendline would confirm a bullish move.
Support Level:
The ₹3,262 level acts as a strong horizontal support zone. The stock has tested this level multiple times, indicating solid buying interest at this level.
Targets Identified:
Target 1: ₹3,883.75 — This is the next key resistance zone if the stock breaks out above ₹3,620.
Target 2: ₹4,106.45 — This level represents the next significant hurdle based on prior highs.
Consolidation Phase:
The stock has been consolidating in a range between ₹3,262 and ₹3,620 for the past few months, creating a base for a potential breakout.
Targets:
Short-term:
A breakout above ₹3,620 can lead to a move toward ₹3,883 (Target 1).
Sustained momentum beyond ₹3,883 can aim for ₹4,106 (Target 2).
Medium-term:
If ₹4,106 is breached, the stock could head toward ₹4,200–₹4,300 in a strong bullish scenario.
Trading Plan:
Entry:
Enter on a breakout and sustained close above ₹3,620 with volume confirmation.
Stop Loss:
Place a stop loss at ₹3,500 (below the breakout zone) to manage risk.
Target Levels:
Short-term target: ₹3,883.
Medium-term target: ₹4,106.
Pullback Opportunity:
If the stock retraces to ₹3,500–₹3,550 and holds, it could provide a better risk-reward entry point.
Conclusion:
Cummins India Ltd. is at a critical resistance zone. A confirmed breakout above ₹3,620 can signal the start of a bullish move, with immediate targets of ₹3,883 and ₹4,106. Monitor the price action and volume near the resistance for confirmation.
City Union Bank Ltd. (CUB) AnalysisDetailed analysis of the chart and key levels for City Union Bank Ltd. (CUB) along with potential targets:
Key Levels:
Support Levels:
₹165–₹170: Recent breakout level (previous resistance turned into potential support). Any retest of this level could provide a buying opportunity.
₹120–₹140: Strong multi-year demand zone. The stock has bounced from this area multiple times in the past, making it a crucial support zone.
Resistance Levels:
₹190–₹195: Immediate resistance near the current price. This level could act as a short-term hurdle.
₹200–₹210: A historically significant resistance zone that aligns with prior peaks from 2022 and early 2023.
₹220: Next major resistance based on the last significant swing high (mid-2022).
Targets:
Assuming the breakout sustains and bullish momentum continues:
Short-term Target:
₹190–₹195: Test of immediate resistance.
₹200: Psychological and historical resistance level.
Medium-term Target:
₹210–₹220: If the stock sustains above ₹200, this zone is the next logical target, as it represents the previous major peak.
Long-term Target (Bullish Scenario):
₹240–₹260: If the stock continues its upward trajectory, these levels could act as long-term targets based on historical highs in 2019.
Risk and Stop Loss:
Stop Loss: Place a stop loss below the ₹165 level (previous breakout zone) to manage downside risk.
Pullback Level: A healthy pullback to ₹170–₹175 could provide better entry opportunities if not already in the trade.
Conclusion:
The stock is showing signs of a bullish breakout from a long-term downtrend. Sustaining above ₹185 and crossing ₹190–₹195 will confirm bullish continuation. Traders can aim for the ₹200–₹210 range in the short to medium term, while the ₹220–₹260 levels are achievable in the long run if momentum persists. Monitor closely for volume confirmation and price action near resistance levels.
Technical Analysis Report: Balmer Lawrie & Co. Ltd.Overview:
Balmer Lawrie & Co. Ltd. is showing key technical setups, offering potential trading opportunities. Here's a concise breakdown based on the daily chart analysis.
Key Observations:
1.Fibonacci Retracement:
The stock retraced to the 0.5 level at INR 225.00 and rebounded from the 0.382 level (INR 202.40).
2.Chart Patterns:
An inverse head-and-shoulders pattern signals potential reversal, with a target of INR 263.45 if INR 249.54 is breached.
3.Moving Averages:
Near-term support: 20-day EMA (INR 232.30) and 50-day EMA (INR 238.84).
Resistance: 200-day EMA (INR 245.56), aligning with the pattern neckline.
4.RSI Momentum:
RSI at 58.36 suggests mild bullish momentum, with room for upside.
Key Levels to Watch:
Resistance: INR 249.54, INR 263.45, INR 279.95.
Support: INR 238.00, INR 225.00, INR 202.40.
Potential Scenarios:
Bullish: A breakout above INR 249.54 could lead to INR 263.45 and potentially INR 279.95.
Bearish: A rejection near INR 249.54 may push prices back to INR 238.00 or lower.
Volume Analysis:
Rising volume indicates renewed buying interest, supporting a bullish outlook.
Conclusion:
Balmer Lawrie & Co. Ltd. is poised for a potential breakout above INR 249.54. Traders should monitor key levels closely and manage risk accordingly.
Disclaimer:
This analysis is for educational purposes only and not financial advice. Conduct your own research before investing.
SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis
SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level:
1. Fibonacci Levels:
The price previously peaked around ₹1,935.10, forming a possible double-top pattern.
It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds.
Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support.
2. Volume Profile:
The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point.
3 . Moving Averages:
The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level.
The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines.
Technical Indicators
1. Relative Strength Index (RSI):
The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound.
2. Volume Trends:
There has been a significant increase in volume during the recent pullback, indicating strong selling pressure.
Conclusion and Potential Scenarios
Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60.
Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450.
Trading Strategy
For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels.
For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower.
Note: Always consider market conditions and use proper risk management techniques.