Vinay Rajani expects Nifty to remain bullish, sees 18,735 as next hurdle- QHN


Nifty View

The Nifty rose for the sixth consecutive session, to close at new all-time high of 18,618. The previous swing high of 18,442 has become strong support for the Nifty and unless that is breached on closing basis, short term trend is expected to remain bullish.

The next resistance for Nifty is seen at 18,735, which happens to be 61.8 per cent Fibonacci extension level.

BUY

Triveni Engineering

Buy Range: Rs 302 – Rs 280

Target: Rs 355

Stop Loss: Rs 270

The stock has registered symmetrical Triangle Breakout on the daily chart. Price breakout is accompanied with rising volumes. Higher tops and higher bottoms are seen on the daily chart.

The stock price is placed above all important moving averages. Sugar Sector has started outperforming after long time. Indicators and oscillators have turned bullish on daily and weekly charts.

BUY

GMM Pfaudler

Buy Range: Rs 1,898 – Rs 1,780

Targets: Rs 2,060; Rs 2,170

Stop Loss: Rs 1,740

On Week ended September 02, 2022, the stock broke out from multiple top resistance at Rs 1,750 and also from the consolidation with significant jump in volumes.

Post breakout, the stock rallied towards Rs 2,097-odd level and fell in the consolidation. The stock continued to remain in narrow consolidation for last two months.

On November 16, 2022, the stock touched lower band of the consolidation and reversed north with rise in volumes. Indicator and oscillators like RSI and MACD have been showing strength in current uptrend. The stock price has been finding support on its 50-day EMA, placed at Rs 1,821.

(Vinay Rajani, Senior Technical and Derivative Research Analyst at HDFC securities. Views expressed are personal).

Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))

2 Comments

  1. OMT’s gamified components reward progression, mаking math thrilling and inspiring trainees tо
    intend fоr examination proficiency.

    Established іn 2013 by Mг. Justin Tan, OMT Math Tuition has
    actuaⅼly assisted countless students ace exams
    lіke PSLE, O-Levels, ɑnd A-Levels witһ tested analytical strategies.

    Ӏn Singapore’s extensive education ѕystem, ԝhere mathematics іѕ obligatory аnd consumes
    аround 1600 hours ᧐f curriculum tіme in primary and secondary schools, math tuition Ьecomes essential tօ assist students
    construct а strong structure for lifelong success.

    Ƭhrough math tuition, trainees practice PSLE-style questions оn averages and
    graphs, enhancing precision аnd speed undeг exam conditions.

    Secondaary school math tuition іs essentijal for O Degrees ɑѕ it reinforces proficiency of algebraic adjustment, ɑ core element thаt regularly sһows up іn test concerns.

    Tuition іn junior college mathematics equips pupils ѡith statistical аpproaches and
    likelihood versions neсessary for analyzing data-driven inquiries іn Ꭺ Level
    papers.

    OMT differentiates іtself tһrough a custom-mɑde syllabus that matches
    MOE’ѕ by including engaging, real-life circumstances t᧐ improve student passion ɑnd retention.

    Thе sеlf-paced e-learning systеm frߋm OMT is incredibly versatile lor, mɑking it easier to
    manage school ɑnd tuition for gгeater mathematics marks.

    Ιn Singapore’ѕ affordable education ɑnd learning landscape, math tuition provides the adԁed sidе required f᧐r trainees to
    stand οut in һigh-stakes examinations ⅼike tһe PSLE,
    O-Levels, and A-Levels.

    Аlso visit my blog … math tuition singapore

Leave a Reply

Your email address will not be published. Required fields are marked *