IEX Bullish Base Formed NSE:IEX today gave a good up move, confirming the recent base as a strong bullish base, recently it posted its monthly volumes in Jan up 16% YoY.
About:
NSE:IEX provides an automated platform and infrastructure for trading electricity units for the physical delivery of electricity.
F&O Activity:
Long Buildup in Futures with 180 PE Gaining Significant OI.
Trade Setup:
Looks like a good 1:1 trade setup with the recent base as a strong support zone, RSI and MACD trending upwards.
Tar
Relative Strength Index (RSI)
DEEPAKFERT Showing Strength From Base With Good Q3NSE:DEEPAKFERT showed strength today bouncing from a good base on the back of good Q3 Results, with RSI and MACD Showing Strength.
Q3 consolidated net profit jumped more than four times Y/Y, while revenue from operations climbed 39% Y/Y. Management says revenue from its crop protection business rose 55% due to good monsoon. Its profit margin also expanded to 10% from 3% a year ago. REVENUE FROM OPERATIONS 25.79 BILLION RUPEES, NET PROFIT 2.51 BILLION RUPEES.
Trade Setup:
It can be a Go
IRB Double Bottom Swing NSE:IRB confirmed a Double Bottom today with RSI Showing Strength and Excellent Q3 FY 24-25 Resluts out today and now looks likely to give a good swing.
F&O Activity:
Significant Long Build-up with 55 PE showing a Significant Increase in OI.
Trade Setup:
Looks like a good double-bottom Formation can give a swing to the previous Double Top and if Crosses 200 DSMA Postionally will look very good
Target(Take Profit):
Upper Resistance Levels of Double Top for Swing Trader. Positional Trade
Tata Cons. Prod. Cup and Handle BO.NSE:TATACONSUM today gave a Cup-and-Handle Breakout, with the RSI and MACD Showing Buy Strength as it crossed Major Levels.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade with the recent base being crucial and the Size of the Cup as the Target on the upside as it usually is for cup & Handle Breakout.
Target(Take Profit):
1087 Levels for Swing/Positional Trader.
Stop-Loss:
Around 926 For Swing Trader and a Recent Base of 880.35 for Positional Trader.
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Mphasis Double Bottom Looking good for a Swing/Postional Trade NSE:MPHASIS this week showed excellent price action on the back of decent Q3 Results and Management Commentary of Revenue during the quarter was driven by strong growth in the Banking and the Technology, Media & Telecom segments coupled with healthy revenue ramp-up in new clients despite the current quarter being a seasonally soft quarter. Consolidated revenue was up by 0.7% QoQ while net profit was up by 1.1% during the same period. The management stated that sustainable EBIT margin would be i
Fresh Buy Sinal on Globus Spr. With MACD getting +veNSE:GLOBUSSPR today gains on the drop in rice price for ethanol distilleries with MACD turning Positive and RSI showing Strength, it was from a good base if the given resistance is broken it can provide a good swing.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade, with the recent base being crucial levels on downside.
Target(Take Profit):
1115.80 Levels for Positional Trader.
Stop-Loss:
Around 795.85 For Swing Trade and Recent BO Base for Positional Trader.
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RSIThe Relative Strength Index (RSI) is a widely used momentum oscillator in technical analysis that helps traders identify overbought or oversold conditions in a market. Here’s a brief overview:
Interpretation:
Overbought: An RSI above 70 suggests that the asset might be overbought and could be due for a pullback.
Oversold: An RSI below 30 indicates that the asset might be oversold and could be due for a bounce.
OFSS Stock of the Week.NSE:OFSS is at a perfect level for a Short Downside Swing as per the price action on daily charts. Although the RSI is in an Oversold Zone it may give a dead cat bounce.
F&O Activity:
11,000 Looks like a Big Resistance With Major Long's being Covered.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade for Aggressive Swing Trader if the Level is Breached.
Target(Take Profit):
8866.65 Levels for Swing Trade.
Stop-Loss:
11187.65 Levels for Swing Trade.
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Redington Bounced from a Long Term Base With MACD +veNSE:REDINGTON today confirmed a Strong Base Formation after closing above major Levels RSI Showing Bullish Momentum and MACD turned Positive Today With Good Volumes.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit):
234.25 Levels for Positional Trader.
Stop-Loss:
Around 198.58 For Swing Trade and Recent Base for Positional Trader.
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Biocon Higher Lows and Key Levels Broken.NSE:BIOCON today made higher Lows and Broke Out Key Levels, with RSI and MACD showing a Bullish Momentum, a Swing up to 400 Looks Good and Postionally 450.
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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.
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Bajaj Healthcare Showing Strength, Crossing Key Levels after BO.NSE:BAJAJHCARE today closed strongly on weekly charts of the consolidation after a big breakout with heavy volumes and RSI and MACD are Showing Strength on the Weekly timeframe.
About the Company:
NSE:BAJAJHCARE manufactures a wide range of Active Pharmaceutical Ingredients and Formulations, It is focused on the development, supply, and manufacturing of Amino Acids, Nutritional Supplements and Active Pharma Ingredients for the Pharmaceutical, Nutraceuticals and Food industries.
Trade Set
SBI LIFE Looking Good Made A Good BaseNSE:SBILIFE is looking good. It has made a base around 1395-1338; today, it broke above major Levels.
The RSI and MACD are Showing Strength.
Results are Due in a few Days Watch Closely.
F&O Activity:
Short Covering Seen Today With PCR of 0.70 and 1400 PE as Strong Option Base.
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. With the recent base being crucial levels.
Target(Take Profit):
Around 200 DEMA For Swing Trade or 1660 Levels for Positional.
Stop-Loss:
Around 20 DEMA F
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Nifty 50: Key Levels to Watch for Tomorrow’s Trading SessionNifty 50 Index Analysis
Timeframe: 15-Minute Chart
Current Price: ₹23,990.15
Key Levels to Watch:
Resistance Zone:
Immediate resistance at ₹24,046. Targets are ₹24,148 (1st Target), ₹24,208 (2nd Target), and ₹24,309 (3rd Target).
Support Zone:
Immediate support at ₹23,927. A break below this level could lead to ₹23,788.
Bullish Scenario:
Buy above ₹24,046 with potential targets of ₹24,148, ₹24,208, and ₹24,309. The trendline and support zone near ₹23,927 provide a solid base for bullish
ITI Getting Accumulated HeavilyNSE:ITI is getting Accumulated Heavily with Volumes since the Past 3 Breakouts I have given trade ideas earlier. It looks like this pattern will continue after it cools down again.
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Sundarmfin Breaking OutNSE:SUNDARMFIN today broke out with RSI and MACD showing Buy Signal. Major Support and Resistance are shown on charts
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TAJ GVK Breaking Out Major Resistance with volumesNSE:TAJGVK is breaking out major resistance with volumes today with RSI and MACD showing strength.
If it retests it's breakout Levels good opportunity for a swing trade.
NSE:TAJGVK incorporated in 1995, is a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL). The Company is engaged in the business of owning, operating & managing hotels, palaces, and resorts under the brand name of “TAJ”
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ITI Looking Strong NSE:ITI is looking Strong and Trading above 200 DEMA and RSI showing Strength with Recently Huge Accumulation Seen and looking good for making New ATH.
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Greaves Cotton getting accumulated for Positional Trade.NSE:GREAVESCOT is getting accumulated for Positional Trade, as per the price action and volume analysis in the past few days since its subsidiary IPO was announced. MACD and RSI have been overheated but positive.
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Saurashtra Cement Crossing Key Levels.NSE:SAURASHCEM today crossed key levels and traded above 200 DEMA, with RSI and MACD showing a Buy Signal.
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UBL Looking Good For A SwingNSE:UBL is Looking Good for a Short-Term Swing With RSI and MACD Trending Up and Price Action Crossing Key Levels respecting Upward Trendline.
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RSI Divergence Trading RSI divergence is fairly reliable, especially when used alongside other technical indicators for confirmation. However, like all technical tools, it's not foolproof and should be used as part of a broader strategy that includes risk management.
A bullish divergence occurs when the price of a security is moving downwards along with making lower lows while the RSI indicator is making higher lows. These movements indicate an increasing bullish momentum where traders can enter a long position when























