Watchout today for good reversal from herelooks good for planning swing trade, reversing from support level with good vol
Beautifully making HH HL on Monthly TF.Beautifully making HH HL on Monthly TF.
However, Bearish on Daily TF.
a Perfect Example of Bearish ABCD Reversal Pattern,
Touched Point D & Reversed.
Now, either it should close above 1520 on Monthly basis
for a positive move probably upto 1600+
else,
the selling pressure may bring it to the Next Support
around 1300 - 1365.
In worst case, it may touch 1140 - 1145.
RUDRABHISHEK READY FOR VOLUME BREAKOUT...NSE:REPL trade at 260 level. Stocks give an 18% upside move on a single day with high volume.
You can watch for a all time high breakout above 280 level...
Review and plan for 20th February 2025Nifty future and banknifty future analysis and intraday plan.
Few stocks.
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
SBI CMP 727.30 Date 19.02.2025 , Bearish ModeSBI looking bearish at current level, Target is 660 in 2-3 weeks
Auropharma arresting the fall It can be observed that Auropharma is in stage 4(markdown phase). However looking the the Price action it seems that Beers are exhuasted and Price shows lack of Downside momentum (RSI shows Bullish Divergence). We can also Observe the Undecisive Impulsive wave in the downside supporting the above statement. Hoping to see Reversal Price Pattern soon.
JSL- On My shopping list!!Analysis of the Chart (Jindal Stainless Ltd - NSE, Weekly Timeframe)
1. Elliott Wave Structure
Wave (1) and (2) are complete.
Wave (3) reached its peak and Wave (4) is forming, finding support near 549.90 INR (highlighted blue line).
Wave (5) projection: The chart suggests a possible bullish move from Wave (4) to Wave (5), targeting new highs.
2. Fibonacci Retracement Levels
0.382 (553.40 INR) and 0.5 (465.85 INR) are key Fibonacci levels.
Current support: The stock is bouncing from the 0.382 Fibonacci retracement level, indicating a potential reversal zone.
If this level fails, the next major support is near 465 INR (0.5 level).
3. Price Action & Trendline Support
The stock has been following an ascending channel, touching both the upper and lower trendlines.
Currently, the price is near the lower boundary of the channel, which historically has acted as a strong support.
A breakout above the mid-line of the channel could trigger Wave (5) rally.
4. RSI (Relative Strength Index)
The RSI is 39.48, indicating mildly oversold conditions.
The RSI-based moving average is 44.59, showing weakness but also potential for reversal.
If RSI crosses above 50, it could signal bullish momentum.
5. Key Levels to Watch
Immediate Support: 549.90 INR (current bounce level)
Major Support: 465.85 INR (0.5 Fibonacci level)
Resistance Levels:
605-610 INR (recent highs)
848 INR (previous peak & target for Wave 5)
Conclusion
✅ Bullish Scenario: If the price holds 549 INR support and RSI improves, a potential Wave 5 rally could push the stock towards 700-850 INR in the coming months.
❌ Bearish Scenario: A breakdown below 465 INR could signal further downside towards 350-400 INR.
NCC- A good Bargain here?!1. Trendline & Support Levels:
A long-term upward trendline (dashed pink line) is drawn connecting significant lows.
The price recently tested the trendline support and rebounded slightly, indicating a possible buying interest at this level.
Historical bounces from this trendline (circled in purple) suggest it has been a strong support in the past.
2. RSI (Relative Strength Index) Analysis:
The RSI is currently at 27.05, which is in the oversold zone (<30).
Historically, when RSI reached similar levels, the stock rebounded.
The RSI-based moving average is 40.92, significantly above the RSI, suggesting potential weakness.
3. Price Action & Reversal Signs:
A sharp decline was observed, followed by a slight recovery, hinting at demand near the support zone.
The candlestick pattern near the trendline could indicate potential reversal or temporary consolidation.
4. Key Levels to Watch:
Resistance: Around 280-300 INR, where the stock previously faced selling pressure.
Support: Near 118-120 INR, which is a long-term horizontal support (dotted black line).
Conclusion:
The stock is at a crucial support zone and could bounce if buyers step in.
The oversold RSI suggests that selling pressure may be exhausted.
If it breaks below the trendline, it may test the 118 INR level.
If it holds and moves up, the next target could be 200-220 INR in the short term.
Go long in HINDALCOThere is a good breakout can been observed in hindalco. From here we can expect targets on 661m 684 and 713 on the upper side.
On the downside there is an important support level of 600. We can place a stoploss for investment (educational purpose).
Hathway Cable, possibility of rallyingHathway cable is coming to an interesting level....Long term support....a term that is loosely thrown around.....In this market no support is dependable.....Buy a stock at support and pray to the Trading Gods it will bounce.....In any case, prayers aside, Hathway Cable could bounce from here, I have initiated some buys, multiple sell orders till 75......start praying....
suzlon energy on perfect support for buying 50% gainsuzlon energy on perfect support for buying 50% gain, please trade on own analysis
IRFC Analysis 2025Near a good Historic Support zone! 110-120 is a good zone to enter for long term!
If anyone missed that range, can still enter n hold for over Rs. 200 Levels.
BRITANNIA | SHORT | SWINGFMCG sector is weak.
In my earlier post I had mentioned that those who are invested in HINDUNILVR must exit all positions as the stock is going to see a major correction towards 1600 levels.
BRITANNIA is also expected to correct towards 4500 price levels this year.
Those seeking to trade options can enter into a short position for Target towards 4765 price levels.
ARE&M | AMARA RAJA | Time to Start with minimal Buying.Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
Buying opportunity in BOSCH@27261Bosch is looking good for buying for short/midterm. As it made a low and rising steadily also corrected enough and oversold.
ASHOKLEY reached nothing to do area @225We will wait till 240, Once price crosses 240 we will get a new high with targets of 260 &285. For now wait as we get a lot of patterns but they will fail and eventually u will end up with losing your SL.
Bearish divergence Positional sell
Relative strength divergence on monthly wrt to Nifty (12 months)
Range breakdown from 20 to 12=8 pts
Measured move from breakdown
12-8=4 price target
4 months Price consolidation near 65 months channel trendline low.
Sl 9.5 on closing.
DLF - Towards 580 - Triple top BreakdownDLF has shown Triple top breakdown and with this it will have following targets
Target1: 655
Target2: 580
ITC short term target could be 300ITC on weekly time frame has broken support channel.
Moreover, it has formed crab pattern.
With this it has potential for 300 with following levels.
380 / 360 / 350 / 320 / 300.
SL:425
Small Trade intra for OLILSmall trade opportunity in OLIL.
Target 1: 160
Target 2: 180
Happy Trading!
