"EMUDHRA LTD"
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Price touched a new high & fell to retracement/retest level 0.23% & on Wednesday made a green candle but with a wick at top a indication of reversal [but this will fail if price goes below 10/4/2024 low/open price] price took support from 20 DEMA & On 10-4-2024 10-DEMA support taken & on day time frame on line chart you can see stock forming a "INVERTED HEAD & SHOULDERS" pattern & confirmation on 771.80 above price sustains, On hourly basis price in a 100 points range & immediate resistance at top so let it break once; so for tomorrow i.e. Friday 12/4/2024 if price sustains above 746 then 757-763.55 tgt level can be seen, if price goes below 734 then can fall to another 10-15points or can till 720.45 level or if more weakens then can fall till 713.50.
Small Note: on 15min time frame plot 9&50 dema you'll see then 9 ema crossed 50 ema from below price moved up so same thing done it will fail if price goes below 735 level.
NOTE: I'm analyzing the stock for first time, so if there's a mistake or levels doesn't meet or gap up or gap down scenario then wait for at least 30 mins before taking any trade.
DISCLAIMER : I'm not a SEBI registered analyst/financial advisor & the above analysis is for educational purpose to give a small idea about stock & its move so before taking any position/trade please consult with your Financial advisor.
Small Note: on 15min time frame plot 9&50 dema you'll see then 9 ema crossed 50 ema from below price moved up so same thing done it will fail if price goes below 735 level.
NOTE: I'm analyzing the stock for first time, so if there's a mistake or levels doesn't meet or gap up or gap down scenario then wait for at least 30 mins before taking any trade.
DISCLAIMER : I'm not a SEBI registered analyst/financial advisor & the above analysis is for educational purpose to give a small idea about stock & its move so before taking any position/trade please consult with your Financial advisor.
Trade attivo
Analysis didn't exactly met the price targets or levels so pls accept my apologies & price is weak now & can come down to test 700 level & if more weakens then may fall to another 15 points or more due to imbalance created & order gap not filled & to retest levels.708 below 700=1st tgt if sustains below it then 686-675 level can get tested,
for buying let price sustain above 725 for 735-740.55 tgt levels;
Note: when on weekly time frame a long wick candle forms & next candle comes down then there's a probability of price reaching towards the low of that Candle is more but try to book early as price reversal can happen as per hourly/daily basis.
Trade attivo
A Gravestone doji on day chart & of green color significance is reversal as formed at channel lower/support level, so if price opened & sustained above closing price of 15/4/2024 then can go up if 1st 15min candle is positive. if breaks opening price of 15/4/2024 then can fall.so for tomorrow i.e. 16/4/2024 mark a zone at bottom from 686.35-674.80= a support zone,if breaks then 666 is next stop.
so 700 below proper red candle closes below on 15min timeframe basis then 10-12 points fall can be seen or till 686.40 level. once 674 breaks then 666 is next tgt level & if price reverses from 690 level then price can go up to touch 704-708 level.=flat open scenario(both)
if flat open & price goes above 716.60 then 727.50-731.40 tgt can be seen if sustains above it then trail as per risk reward.
if price takes rejection from 740 level then can "slowly" come down to 731-725.50 tgt level.
Trade attivo
A inverted Hammer candle on day chart formed shows price reversal if price o 18/4/2024 stays above 16/4/2024 closing price & trades above only. if not price can come down to test 700 levels or can stay side ways as it did on 16/4/2024 as price moved inside 1st 15min candle, so this move have important significance,for 18/4/2024 if price trades & stays above 720 on 15min candle basis & closes above then only buy for 5-8 points or can see 730.55/731.45 tgt levels. (or) on contra if price opens flat & goes up sharply & takes rejection from 728/730 levels & crosses 725.10 then can sell on next 15min candle for 5 points, if sustains below then trail as 16/4/2024 low can get tested.
for selling on flat open scenario & goes down 700 a hurdle let 15min candle closes below it & proper red candle with wick at top but no/small wick at bottom then price can fall till 682 level or you can take 8-10 points & exit as there's a possibility of sharp reversal & hurdle zone at bottom.
Trade attivo
710-730= no trade zone let price break any side & sustain for 15min then can buy or sell. 710 below sell for 4-8 points==> flat opens scenario.730 above buy for 4-8 points ==> flat open scenario.
if gap up or gap down opens then wait for 30mins & mark 1st 15min candle high & low then trade on side price breaks.
Trade attivo
Price on weekly timeframe is in a range 674-773.757 to 762 a resistance zone & 708-704 support zone.
On Monday if price goes above 745.55 then 750.50-756.35 tgt can be seen
736 below 730-725.80 tgt can be seen.
Note: If price takes rejection from 757 level then sell for 8 points tgt.
if price falls a little then takes support from 720-725 level then buy on next candle formed after support candle {on 15min time frame} for 6 points & trail as per risk reward if sustains.
Trade attivo
in.tradingview.com/chart/Ki8pmBUN/price took rejection from top rejection zone, so if price goes below 753.40 then 750 immediate tgt then 746-744 is next tgt level & price can fall down further but if 1st 15min candle forms red & of 4-6 points then mark its high & low & next candle upon low break sell for 4-8 points.
for buying if price opens flat & goes up above 765 for 770-772 tgt level, if sustains then trail as per risk reward.
Trade attivo
price touched resistance zone & stayed there so that means buyers trying to take price up after 1&half consecutive side ways. on day chart a hammer like candle & on exact rejection zone. if flat & 770 above 15min candle sustains then 775-778/783.75 tgt can be seen, if goes up further then trail, if takes rejection from 778/783/785 level then sell for 5-7 points.flat open & 760 crosses then 755-751.25 tgt level can be seen.
Trade attivo
price opened gap up then didn't sustain & fell down forming a shooting star type candle on day chart, but previous day doji candle are there, so we need to be a bit cautious here.764 sell for 760-755.55/750 tgt level can be seen
780 above buy for 786.70-790tgt level can be seen,
if gap up/gap down then wait for 30-45mins & mark 1st 15min candle high & low then trade on side price is.
Trade attivo
price given a breakout then fell from top & came inside the range again so there's a possibility of price following the old pattern 760 below 754-750 tgt level & for buying let price sustain above 772(proper 15min green candle no wick/little wick at top) for 780 tgt level, if sustains above then trail as per risk reward.gap up or gap down wait for 30mins mark 1st 15min candle high/low then trade on side price is.
Trade attivo
price on monthly formed a spinning doji candle & if price weakens then it may form complete doji, on weekly a rejection candle from top, on daily a body candle with little wick showing negative scenario, on hourly basis price is weak & can fall further but the price is near range mid point where price took support previously. so for Monday if opens flat & goes up 15min candle closes above 750 then 8-10 points move can be seen, & if price takes rejection from 760/762 then can sell for 4-6 points tgt.flat & crosses 732 on 15 min timeframe then sell for 5-8 points as there's immediate range mid point support & once it breaks then more fall can be seen, if price opens near 754/755/760 then on red candle rejection from top sell for 8-10 points. if price opens near 720-724 a green candle forms on 15min mark its high & low & trade on side price breaks on next candle but keep small tgt, & small stop loss, if big for example sl of 5 points then let a retracement come for trade.
Trade attivo
price fell from top & results came out positive so price reacted to it on 30/4/2024 so if it has to go down then 747 below 740 immediate tgt can be seen; if price takes support & reverses from 740 then can buy for 10-12 points tgt,if 740 below 15min candle closes then fall of 8 points can be seen
for buying let price take support from 740 & close a candle above 742.45 on 15min timeframe for 750-752.20 tgt level or flat opens 764 above 15min candle closes then 772-780 tgt level can be seen.
if gap up or gap down opens then wait for 30mins & mark 15min 1st candle high/low & trade on side price goes.
Trade attivo
price going up slowly by forming small candles & near rejection zone at top which is at 763-773 so from here price reversal & price continuation both can happen so i will say be a little cautious, if price opens flat goes up above 763.50 on 15min time frame small candle then can buy as it will sustain if big candle forms then there's possibility of retracement & sl hit, & our targets will be for 770-772.65/773.10.if flat opens goes below 755 then 750 immediate tgt then if sustains 745.70 next tgt
if gap up or gap down opens then wait for 30mins mark 1st 15min candle high& low then trade on side price goes.
Trade attivo
gocharting.com/terminal?ticker=NSE:EMUDHRAJUST MARK THIS ZONE & TRADE ACCORDINGLY
Trade attivo
Price is positive & can even touch the 52week high but we need a pull back for any buy trade as price is at top rejection zone & from here price took rejection 3 times & if special trading session price is added then om 30mins you can see a double top like formation exactly at rejection zone so 790 below upon flat opening 780-777 tgt level can be seen, if goes down further then trail as per risk reward.flat opens 824 crosses then 830-834 tgt level can be seen but with a lot of hiccups or single candle(big green) breaking & touching 830/835 level on 15min basis.
if gap up or gap down opens then wait for 30mins mark 1st 15min candle high & low then trade on side price goes but keep small tgts as gap up/gap down scenario will impact the rejection zone & wicks price spike reversal can be seen on both sides.
Trade attivo
Price is negative formed spinning candle on day chart from here price can go any side so 763 below 751.55-747 level can be seen for buying if price closes above 773 then buying till 778-780 can be seen. Avoid in gap up and gap down opening scenario or can trade in 2nd half if got any momentum.Trade attivo
price formed a inverted hammer candle on day chart from here a small retest & then price continuation can be seen, 860 below sell for 10 points & for buying let 15min candle close above 872 for 876 1st tgt then to 880-884.65 tgt level or 885.if gap up or gap down opens then wait for 30mins mark 1st 15min candle high & low then trade on side price goes.
Trade chiuso manualmente
avoidTrade attivo
price is weak on week time frame and day time frame but if reverse then can go up to 2% value.so if flat & breaks 852 then 850 immediate tgt then 846.55-842tgt level can be seen & if flat & falls a little till 850/852 then reverses then upon friday closing value above buy for 3-5 points tgt & if opens below 870 or takes rejection below 870 sell for 5 points tgt.
flat 865 above 4-8 points tgt can be seen.
Trade attivo
price near supply zone at top from here price can fall or can go up so we need to be a little cautious as 910 a hurdle at top once price closes above it on 15min candle closing basis then we can sit for buy for 915 tgt if sustains then 920/921 tgt level can be seen & if flat opens price takes rejection from top i.e. 910/911/912.45 then price can test 905-907 tgt level.flat opens price falls below 900 then wait for next candle to close below breakdown candle for 5-8 points tgt level.
if gap up or gap down opens then wait for 1 hr then mark hourly range then trade as per price action & move.
Trade attivo
Keep an eye on this scrip as 890 above price sustains then 900-909.45 as 1st tgt then 920 next tgt and once price sustains above 909 then price can move 15% from there.
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