#MFSL Max Financial Services Ltd. looks good for more upside. Reclaimed a very important S/R zone (orange); Currently at Golden fib zone. Also, Insurance sector overall seems to be gaining momentum. Expecting an upside of about 20-30% in coming weeks/ months.
A Quick Overview of Global Major Economies Japan, US, UK, Australia, Germany are officially in Recession USA has not declared Recession officially as it is just covering up the underlying problem Chinese Economy is in serious turmoil Now where does India Stand? Which Sectors within India are dependent on these Foreign Economies? Which Sectors are in...
#IPCALAB Stock looks good for another 20-25% move above. A candle close below ₹1100 would trigger me to close the position. 1) There is a bullish pennant forming with measured target of above ₹1400 2) Horizontal previous ATH support - Looks great.
Rising Wedge Banknifty on Daily Time Frame Downside Targets near 42200 Bera put or call spread Strategy use Do Your Analysis BEfore Take Trade
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Embark on a journey of strategic investment as we dissect the growth potential of Reliance Communications (RCOM). In this detailed analysis by NEOALGO, we navigate the intricacies of RCOM's narrative, shedding light on key indicators that shape its future trajectory. Resilient order blocks, promising upward trends, and a noteworthy EMA crossing collectively...
#ITC ITC LTD looks bad here. Market Structure is bearish, price can go lower. ₹445-₹460 can be a good level to short if market gives a chance in future. There is a gap/ inefficiency that price has left above, which might get mitigated in future.
Looks amazing to me - Nice basing formation right at support. I expect this to move to new ATH and beyond. Expecting minimum 10% returns on this. SL will be a daily candle close below ₹1652/- Also, if you apply Stochastic RSI, there is a clear bullish divergence forming on Daily.
Following a brief pause, the previous upward trend is poised to resume. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper...
#YESBANK Bought some Yes Bank @₹21.65/- Broke out after > 3 years of consolidation. I like this because, the upside target that I have is about 45-50% and the invalidation is simple as well (a weekly candle close back inside the channel)
#PayTM Today’s daily candle is showing the biggest buy volume candle ‘ever’. You know what this typically means? While retailers are selling, Institutions or market makers are building position in it. Price made new low’s and has already reclaimed previous ATH level (dotted line as shown in chart) If price is able to reclaim this dotted line as support - I...
#SMLT is breaking out of a nice bull flag - Bullish! I have much higher targets for this stock. Solid fundamentals!
#ATGL Attempting a breakout on Daily timeframe. If it does breakout, we can see another good rally in stock! Also, if we use Fib tool, we can clearly see that the stock has been consolidating above 0.382% level and has been forming a nice base there since many days now. Breakout looks imminent imo.
Title: "RAMASTEEL: Navigating Momentum with Anticipated Pullback and Upside Potential 📈🔄" Description: Embark on a strategic exploration of Ramasteel as we delve into the dynamics of an anticipated pullback, poised to fuel a potential upside move. In this analysis by NEOALGO, we uncover the intricacies that suggest momentum-building opportunities for discerning...
Buy-51.20 Target-57.90(Adjustable) Stop-44.65 "Before considering a purchase, it's advisable to conduct your own analysis. However, with approximately an 80% chance indicating a favorable buying opportunity for this stock based on current market trends and analysis, conducting thorough research could validate its potential for growth and profitability."
Dive into the dynamic market landscape as we spotlight compelling opportunities surrounding Ashok Leyland (ASHOKLEY). NEOALGO's analysis unveils a promising scenario with a recent buy signal and robust support from an order block, complemented by an upcoming earnings event. The convergence of a buy signal and support from an order block signifies a potentially...
Success! The share I recommended on January 30th has turned into a winning trade. Today's gains affirm the wisdom of that suggestion. Here's to more successful trades ahead. 7 Days Profit=13.33%
#TATAMOTORS has broken out of the resistance after about 8.4 Years and it has been consolidating just above resistance since last more than 130 days. I don't think that the rally is finished yet. It is easily a 4 digit stock i.e. ₹1000 per share. Don't fade this rally.