stock has been consolidating in a range, expecting to sweep the low
expecting 'DOWNTREND' in the following week. 1600 range could be the BEST place to buy (because the presence of WEEKLY DEMAND ZONE ). The target will be ATH or even more can be expected due to consolidation period of more than 3 years.
Dr Lal PathLabs net profit zooms 54% to Rs 81.3 crore in Q3. Yet the stock is consolidating in the same place for a week, even NSE:CNXPHARMA is trading at the ATH. This might be a very good chance to enter at below price of 2400 (2394) with 1.5% stoploss.
as we may notice that market showing some bullish bias and auto sector is not an exception and pretty decent results were posted by the auto companies. This point may be the reversal for NSE:EICHERMOT as well, with stoploss of 2.5% for the target of min. 15% .
price made a Change of Character in ATH, and taken the inducement to fall more.
EXPLORE THE PREVIOUS ANALYSIS TO GAIN THE CONFIDENCE TO TRADE. NSE:RELIANCE closed the week with massive down, expecting some good move in upcoming weeks, for that 2275 could be the best price to enter with the stop loss below 2250 and the target can be 2475 or even the ATH . COMMENT BELOW TO LEARN THE CONCEPTS FOR FREE.
NSE:ULTRACEMCO , risking 1.5% in a stock is a good setup to trade, buying at the price of 8150 and making 8050 or 10 points below is the stop loss for the trade, expect the recent ATH to be the target. CHECKOUT SOME PREVIOUS ANALYSIS TO GAIN THE CONFIDENCE TO TRADE.
FMCG index has given a good impulsive move and now it is at the end of retracement move, expecting the index to be BULLISH in the upcoming months if it gives any kind of reversal from the VALID DEMAND ZONE then can start to build long positions in the sector
NSE:BANKNIFTY is nearer to the important DEMAND ZONE, if it takes any kind of support like a PINBAR or an engulfing candle, can look for an up move or if it break the DEMAND ZONE never look for upside trade. 44000 round number may be great support for BN.
whenever a stock rally near or at ATH never look for the retracements instead look for valid pullbacks , so, by which can join the rally. Here, NSE:SYNGENE is given an opportunity to participate in the rally by risking 2.5% for the gain of 8.5% or even more and can enter the trade above 28/08/2023 candle's high by placing strict stoploss below the candle's low.
for GAINING atleast 13.5%, NSE:HEROMOTOCO is in rally for past 5 months and expecting it to continue it's rally until it reaches the ATH (fundamental view : expecting rise in revenue by HARLEY-DAVIDSON partnership) and it also respected the valid DEMAND ZONEs in the past. 2862.50 or below it could be the best price to enter the trade and the target could be...
price made CHANGE OF CHARACTER from BERAISH to BULLISH in DAILY time frame and taken out the inducement (1st pullback) and reached the first valid DEMAND ZONE and we can look for LONG from that level and can ENTER the trade ABOVE 25/08/2023 candle's high by placing a strict STOPLOSS of 3% or when the SL got hit, can look for long from extreme demand zone...