Aegis Logistics , with its robust market presence and expertise in logistics and supply chain solutions, presents an attractive opportunity for swing traders. Reasons are listed below : Cup and Handle Pattern : Aegis Logistics is exhibiting a classic cup and handle pattern, suggesting a potential bullish continuation. Breakout and Retest : After multiple...
MapmyIndia (CE Info Systems) presents a compelling prospect for swing traders. Combining innovative technology with mapping solutions, MapmyIndia has established itself as a leader in the navigation and location-based services industry. Reasons are listed below : The 1600-1700 range, once a challenging barrier, has now transformed into a strong support...
The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains. Reasons are listed below : Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough. Stock is in...
The stock is in continuous uptrend , with no evidence of sellers in major time frames. The stock has reversed from 38.2% retracement in weekly. I am looking to enter this counter at cmp with 184.20 as SL and minimum 15% ROI - 224 and then trail further.
Page Industries presents a compelling investment opportunity, supported by both technical indicators and robust fundamentals. Reasons are listed below : Technical strengths : The psychological level of 35,000 has shifted from a resistance point to a strong support level, reflecting market confidence in the company's prospects. The formation of a hammer...
Consider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form. Reasons are listed below : Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a...
There seems to be a strong breakout in CASTROL IND . This could potentially be an excellent swing trade. Reasons are listed below : Multiple tests on 161 levels and finally the price broke these levels with high volumes. Marubozu candle (bullish sign) on weekly timeframe. Breakout after a strong consolidation of 5years . Stock price is above 50 and 200EMA...
This presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Hindustan Petroleum Corporation Limited ,a leading energy company in India engaged in the refining and marketing of petroleum products. Reasons are listed below : Strong Support at 450 Level : HPCL has established a robust support level at 450, indicating...
Uno Minda , a leading automotive components manufacturer, stands out as a compelling candidate for investors. Reasons are listed below : Multiple tests on the 600-630 levels followed by a breakout, now undergoing retesting, indicating a significant market shift. Identification of a bullish "morning star" on the daily timeframe and a bullish "hammer" on the...
Rationale: Stock has been taking rest at short term moving averages but MACD and RSI's internal crossover is suggesting some buy.
Banking stocks had been outperformers in 2023 but has been laggard until now in 2024! Things are about to turn around in coming week if we sustain above 48400 which is a "Neckline of an ascending triangle" formed on weekly charts of Bank Nifty. Indicators like RSI has already shown signs of a new rally by internal crossover last week. Target which will be...
Nifty has been in side ways directions since quite some time but now the parallel channel seems to take it to 22800+ next week. Indicators are sweetly placed with bullish crossover and short term moving averages at 22252 could act as stop loss to all longs!!
Rallis India , a leading player in the agrochemical sector renowned for its innovative solutions and commitment to sustainable agriculture, showcases promising potential for swing trading amidst favorable technical indicators. Reasons are listed below : After multiple tests in the 270-290 zone, Rallis India has finally breached the resistance, signaling a...
With its strong foothold in the Indian banking sector and commitment to providing financial services to customers, Indian Overseas Bank presents an intriguing opportunity for swing traders. Reasons are listed below : Strong Support at 55-60 Zone : IOB has established a robust support base in the 55-60 zone, from which the price is rebounding, reflecting...
Chambal Fertilisers , a prominent player in the fertiliser industry, has recently garnered attention for its intriguing price action and technical indicators, prompting a closer examination for potential trading prospects. Reasons are listed below : Recent price action witnessed a breakthrough of the strong resistance zone at 350 levels, indicating a potential...
This setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards . Reasons are listed below : Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points. Bullish Marubozu Candle : A...
Consider a compelling swing trade opportunity in Aavas Financiers , a leading housing finance company in India. Reasons are listed below : Bullish Marubozu Candle on Weekly Timeframe : Aavas Financiers shows a strong bullish candlestick pattern, indicating robust buying pressure and potential upward momentum. Engulfing 22 Weekly Candles : The stock's bullish...
The stock has taken good support at fibonacci retracement levels. A close above 85 would be a safe entry to buy with swing high being the first target. ADX also supports the view Entry - Above 85 Stop Loss - 77 Target - 118