Should You Invest in ICICI Bank or Wait?Technical Analysis:
The stock is currently trading at its all-time high of ₹1,367, which may appear attractive to new investors.
However, a triple top pattern is forming, indicating potential resistance at this level.
This pattern is considered a bearish signal, suggesting that the stock may face rejection from this level.
A potential downtrend toward ₹1,200 seems likely based on this pattern
poonawalahas launched its commercial vehicle secured loan business, according to a Monday filing to the Indian stock exchanges.
The loan covers small, light, and intermediate and heavy commercial vehicles from all major manufacturers, supporting both new and used vehicle purchases.
The commercial vehicle loans will be offered through direct-to-customer, dealers, and channel partners.
Sarda Energy & MineralsSarda Energy & Minerals looks like consolidating after the breakout. It has formed a tight flag. If it closes above 565 then it would be considered as a breakout. Weak below 525. This post is purely for educational purposes to learn the financial markets.
Disclaimer: I'm not a SEBI registered advisor. This is a paper trade idea for educational purposes. Not to be performed in their real accounts. Always consult your financial advisor before taking trading and investment decisions. You are liable for your profits and losses, and nobody will be held responsible.
#SUNPHARMACEUTICAL Supply ZoneShort selling is a trading strategy used by investors to profit from the decline in the price of a stock or other financial asset. Here’s how it works:
Borrowing Shares: An investor borrows shares of a stock they believe will decrease in value, typically from a broker.
Selling the Shares: The borrowed shares are sold in the market at the current price.
Waiting for Price Drop: The investor waits for the stock price to fall.
Buying Back Shares: Once the price drops, the investor buys back the same number of shares at the lower price.
Returning Shares and Profiting: The shares are returned to the broker, and the investor pockets the difference between the selling price and the buying price as profit.
Buying Opportuninty on LTI MindtreeUsing Envelope and Knoxville indicators (80% accuracy) gives a good buying signal on LTIMindtree. We can expect an increase of 20-30% in price in the next few (3-6) months.
Explanation -
As you can see, the stock is clearly below the 14% margin line (bottom blue line) of the 200-day moving average in the envelope indicator, signaling a strong buy.
Also, the Knoxville downward red line was created at the start of March, and the current price is below that, which adds to the buying opportunity and makes a perfect short-term swing trade.
Nestle - Long term Bottom formation and Breakout for investmentSupport b/w 2100-2150 since Dec 24 has been holding
50 month SMA at 2106— very strong & rarely breaks
200 week SMA rarely breached & now at 2132
Moving averages: Crossed 20/50/100 day SMA
MACD: Daily +ve, Weekly +ve, Monthly -ve
Daily CCI > 100 (bullish)
Resistance Levels:
- 2280 (range)
- 2380-2400 : 2380 (100 week SMA), 2387 (parallel), 2394 (50 week SMA)—converging soon.
Break above 2280 likely coming week, but break above 2380-2400 with volume needed for long term breakout.
2100 support intact currently
At 2268-2280: Strong 2100 support. Buy on every dip for long term or on 2280 breakout.
Target - 2700 in 06 months
Long term Stop loss- below 2100
For short swing- Target 2380 if it breaks & closes above 2280, make 2270 as stop loss
Review and plan for 24th March 2025 Nifty future and banknifty future analysis and intraday plan.
Few stocks analysed.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
IKIO Lighting LtdIKIO Lighting Ltd
IKIOLS is an ODM (Original Design Manufacturer) that designs, develops, manufactures and supplies products
(mainly LED lighting). It has a product offering of over 1,000 SKUs
Product Categories:
a) LED Lighting Solutions:
High-End Home Decorative LED Lights, Indoor and Outdoor Lights, LED Lights for RVs
b) Product Display Lighting:
Interior LED Lights for product display including Commercial Refrigeration (CR)
c) Energy Solutions & Others:
Solar Panels for RVs, ABS Pipes for RVs, IPS Stabilisers for CR, Rotary Switches, Fan Regulators & Assembly, Lithium Battery, USB
Chargers
JB Chem & Pharma short term analysis JB Chem & Pharma is looking steady, and we can expect upside from here. The level to watch for upside would be 1690. Upon crossing this level, we can expect good upside, and it will face strong resistance at 1795. Upon crossing and sustaining this level, we can even witness upside upto the level of 1943+. On the downside, the support zone is 1605-1535, and imp short covering levels are 1471 and 1392. This view remains invalidated if JB Chem and Pharma breaches 1392 on the downside. All levels are marked in the chart posted .
Persistent SystemPersistent System
MTF Analysis
Persistent SystemYearly Demand 3,788.0
Persistent System 6 Month Demand 4,450.0
Persistent SystemQtrly Demand BUFL 4,450.0
Persistent SystemMonthly Demand 4,285.0
Persistent SystemWeekly Demand 4,450.0
Persistent SystemDaily Demand DMIP 4,637.0
ENTRY -1 Long 4,637.0
SL 4,400.0
RISK 237.0
Target as per Entry 9,084.0
RR 18.8
Last High 6,767.0
Last Low 4,450.0
8 year Cup breakout and CIPSHILPAMED looking good with a 8 year cup breakout and CIP. Institutional holding has increased from about 11% to 17% over about 18 months.
Disclaimer: This is not recommendation to buy/sell. This is only to share learning, observations and personal views. Do your own analysis before taking any trading/investing decision.
Today, let's dive into an analysis of CGPower stock-CGPower is a large-cap stock with a market capitalization of ₹98,023 crore. The stock currently trades at a Price-to-Earnings (P/E) ratio of 104, which is significantly higher than the industry average of 64. Based on these fundamentals, CGPower seems to have entered an overbought zone, suggesting that the stock may be trading at a premium compared to its earnings potential.
Now, let's turn to the technical side of things.
The all-time high for CGPower was around ₹875, after which the stock underwent some profit booking. Since then, it has experienced a correction of approximately 40%. In the short term, there could be some upside, but a more cautious view is warranted over the long term.
The stock currently has strong support levels in the range of ₹530-₹500. Given its overvaluation, there’s a higher likelihood of the stock continuing to face downward pressure in the near future, rather than sustaining upward momentum.
In conclusion, while there may be short-term movements, the long-term outlook suggests that CGPower might struggle to maintain its current valuation, with more risk of a decline than a sustained recovery
OLA ELECTRIC MOBILITY LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
MPHASIS LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
INDUSIND BANK LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
RIL S/R Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.