Divi's Laboratories - Stable PerformerTopic Statement:
Divi's Laboratories has shown resilience amidst the broad market correction, with stable price movements and potential for accumulation near the 180-day moving average.
Key points:
1. Company reported a profit growth of 64% QoQ for the third quarter.
2. Price broke down from the up-trending channel, transitioning into a sideways pattern.
3. Strong resistance is present at the 6000 level.
4. The stock repeatedly approaches the 180-day moving average, presenting a good
Moving Averages
Price Action vs. Indicators: Which Strategy is Better?Price Action vs. Indicators: Which One Works Better?
Hello everyone! I hope you're all doing great in life and in your trading journey. Today, I bring an educational post on a widely debated topic in the trading community— Price Action vs. Indicators . Some traders swear by naked charts , while others rely on technical indicators for trade decisions. But which one is better? Let’s break it down!
Price Action vs. Indicators: Key Differences
Trading Approach:
Price Action Traders
Asian Paints: Oversold with Recovery Potential Topic Statement: Asian Paints has faced a sharp decline due to weak third-quarter results, but strong support levels suggest a potential recovery ahead.
Key Points:
1. The company reported a profit decline of 23.5% QoQ in the third quarter.
2. The stock price fell sharply, creating a gap after the earnings announcement.
3. The price is taking heavy support at the 61.8% retracement level at 2260.
4. The stock is overextended below the 180-day moving average, making it highly oversold.
MUTHOOTFINThe chart is self-explanatory and shared for educational purposes.
The most prominent feature is the clear upward-trending channel that the stock price has been respecting. This is a significant bullish indicator, suggesting consistent upward momentum. The recent price action shows the stock price touching the bottom of the channel line. This suggests a potential bounce-back towards the upper channel line, further reinforcing the bullish sentiment implied by the channel.
The alignment of the 5
NIfty at Channel & 200Ema support in 15 minsHello,
Nifty spot made high around 23800 after the 2025 budget now delhi elections exit polls and some selling there nifty in 15 mins trading at near channel support and there is Ema 200 line along with slow selling volume is not seen as needed for short opportunity RSI adjusting and oversold in 15 mins overall bullish set up forming.
ICICI Prudential: Oversold and Poised for Recovery Topic Statement: ICICI Prudential Life Insurance has made a healthy correction, positioning itself near strong support levels within an up-trending channel.
Key Points:
1. The company reported a robust 43% profit growth QoQ.
2. The price is moving in an up-trending channel, providing clear trading opportunities.
3. The stock is taking support at the lower end of the channel, indicating oversold conditions.
4. The price is near the 180-day moving average, reinforcing the oversold status
Tata Motors: Oversold and Near Support for Potential ReversalTopic Statement: Tata Motors has experienced a significant correction in recent months, approaching a crucial support level that could signal a potential turnaround.
Key Points:
1. The stock has corrected to the 61.8% retracement level, suggesting strong support at the current price level.
2. The price is near the 180-day moving average, indicating oversold conditions.
3. Weekly MFI is at 30, further confirming the stock is oversold.
4. The company reported a profit decline of -22% QoQ
Analyzing Silver's Price Action: Educational Trade IdeaShort Bias Setup:
Entry: Wait for the price to retest the descending trendline (~$31.50) and fail to break above it.
Target: $30.00 (initial), followed by $28.50 if momentum persists.
Stop Loss: Above $32.00 to protect against a trendline breakout.
Alternative Long Opportunity:
Entry: A confirmed breakout above the trendline with high volume (~$32.20).
Target: $33.50 (resistance level) and beyond if the trend reverses.
Stop Loss: Below $31.00 to minimize risk.
MSFT Support on Weekly MA20, $515 Price TargetMSFT hasn't missed an earnings since before 2024.
Weekly chart looks strong. On the 1 hour you can see they went low for a last liquidity grab.
ER tonight if positive reaction can make the stock go to 480-500
This feels all around bullish to me and they are also to announce partnership progress in AI projects.
NFA - I went with August contracts.
Good luck
Dixon Technologies Near Oversold Levels After Trendline BreakDixon Technologies (India) Ltd. has recently faced a heavy selling pressure triggered by the third quarter earnings results. The stock reported a whopping profit growth of 122% QoQ. Investors should monitor the stock's performance closely to identify optimal entry points.
Key Points:
1. Uptrend Line Breach: The stock has broken below its established uptrend line, signaling a possible change in trend direction.
2. Potential Sideways or Corrective Movement: This breach suggests that the stock m
IREDA CMP 207 Weekly Chart Forming Parallel channelIREDA is forming Parallel Channel on Weekly chart.
RSI 14 is going up slowly. Price is trying to cross 20 EMA line on weekly basis.
Resistance around 229-234, 260-264 and ATH 310
Support 189, 170
Target 1 : 310
Target 2 : 540++
Probable Time Period : 3-5 Months
HDFC Bank Oversold with Strong Support Levels Topic Statement: HDFC Bank's 3% QoQ profit growth has been overshadowed by its oversold stock price, which is under the 180-day moving average but has found strong support at the 50% retracement level and the critical ₹1600 mark.
Key Points:
1. Reported a profit growth of 3% QoQ.
2. Price has received decisive support at the 50% retracement level.
3. The price point of ₹1600 is a critical support level.
4. Stock is trading below the 180-day moving average, making it oversold.
Newgen in Blue Sky.NSE:NEWGEN showed a strong upmove today Crossed Key Levels and Hit an all-time high, with RSI bouncing back Sharply again.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader.
For Postional Trade let it cool down a bit and then try to enter at swing low.
Target(Take Profit):
1977 will be Levels for Swing/Positional Trader.
Stop-Loss:
Around 1534.15 For Swing Trade and Positional Trader.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLL
Ashapura Minechem - All Time Breakout after 17 yearsAshapura Minechem has give ATH breakout after 17 years. Technically this stock can go to whooping 24500. Other factors:
1. 3rd largest producer of Bentonite in the world
2. Promoters have increased stake
3. Electrification, E-cars, Solar panels gives huge opportunity
4. Technically, has given breakout after 17 years
5. Has done a retracement of ~55% from its high price before moving up and giving a breakout
6. Monthly volumes have been steady
Looking at the above parameters and opportunities
INFY Declares Q3 Earnings Amid Market PressureTopic Statement: Despite posting healthy Q3 earnings with profit growth of 11.6% QoQ, INFY's stock experienced a significant decline, signaling potential further corrections.
Key Points:
1. Stock dropped 6% after announcing Q3 earnings, creating a gap.
2. Candle broke the 23.6% retracement level.
3. Price may fall to the 38.2% retracement level, a previous support in November.
4. Price is near the 180-day moving average, indicating oversold conditions.
5. If the price reaches the 38.2% level, i
Gold retreats from $2698. Will drop to $2640?Gold is seen facing resistance and selling pressure after witnessing retail traders preferred to book profits as price action lacked strength to surpass $2700
As long as the metal trades below immediate resistance zone $2670-$2675, downward shift in momentum is likely to extend towards $2660-$2650-$2640
On the flip side, strong break above $2675 will push the metal further upside towards $2690-$2700
Stock Analysis: #NESCOHello, Traders! 👋
Sharing my thoughts on #NESCO, a stock I’m currently holding:
📈 Technical Overview:
🔹 The stock is trading near critical moving average levels, which could act as a solid support.
🔹 I’ve marked key stop-loss (SL) and target levels on the chart based on my analysis.
💡 Risk-Reward Perspective:
This setup looks promising with a low-risk trade potential. However, as I am holding the stock, my view might be biased, so keep that in mind while interpreting this analysis.
⚠️ D
Nifty weekly analysis for 13/01/2025.The weekly charts of the index is looking bearish as the market has closed around the 50 EMA.
A strong support around the 23400 levels is there. The support has been tested 2-3 times and it is weakening the levels.
If the support levels is breached it can test the lower support level of 22k.
Sell on rise the market is there. On daily charts market has reversed from the levels but bullish trades can only be trade once the previous resistance level is taken out.
Major levels
Support :- 22340























