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200emabreakout

STARHEALTH (Trendline Breakout Seen on WTF)Star Health and Allied Insurance Company Ltd (STARHEALTH) has given a trendline breakout on the weekly chart frame (WTF). The stock could head towards 610, 650 in the coming few days. Also, increasing volumes can be seen on the WTF. The stock is also trading above 200 EMA level, which is placed at 558 (on daily time frame). Stop loss can be placed at the low of the current weekly candle, which is 555. #STARHEALTH Disclaimer: This post is for educational purpose, and not a recommendation. I am not a SEBI registered analyst. Investors must consult a financial advisor before making any investment.
NSE:STARHEALTHLong
by onkarsoundankar
Biocon : Bottomed out Stock#Biocon #Momentumstock #Swingtrade #BreakoutCandidate BIOCON : 200 EMA Breakout Soon >> Momentum Stock >> Bottomed-out Stock >> Good Strength & volumes in stock >> Low Risk High Reward Trade Swing Traders can lock 10% profit & keep trailing Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
NSE:BIOCONLong
by moneyfesttrading
4
Keystone Realtors (Rustomjee), BullishThe stock had been in downtrend since its listing. Had made Inverted Head & Shoulder Pattern after listing but was unable to sustain, however continued the downtrend forming rounding bottom pattern. Now, the stock has given 6month breakout. Even though earlier Inverted H&S pattern is invalid, I have shown intermediate targets based on the same. All levels shown on the chart, are only for educational purpose, not any trade recommendation.
NSE:RUSTOMJEELong
by aquarianup
1
Elliott Wave Insights: Shree Renuka Sugar Ltd - Bullish OutlookHello Friends, Welcome to our Elliott Wave analysis and technical indicators overview of Shree Renuka Sugar Ltd (RENUKA). In this analysis, we'll explore the Elliott Wave perspective and how it aligns with various technical indicators to support a bullish sentiment in the stock. Please note that this analysis is for educational purposes only and not financial advice. Let's dive into the details. Completion of Larger Degree impulse wave (1) and then correction wave (2). Based on the Elliott Wave principle, we've witnessed Shree Renuka Sugar Ltd undergo a larger degree wave cycle. The stock completed waves 1-2-3-4-5 as subdivisions of larger degree wave (1). Following that, corrective waves A-B-C formed as subdivisions of larger degree wave (2). This suggests that the corrective phase might be over, potentially heading the way for a new impulse wave. In line with the Elliott Wave structure, there are indications that the stock is entering the initial phase of a fresh impulse wave. If this assumption holds true, it could signal a renewed bullish momentum in the stock's price. possibly we are in the beginning of a fresh Impulse wave may be we are in wave (i) of 1 of (3). Possible Elliott wave structure and counts on daily time frame Adding to the bullish case, stock has experienced a breakout on the daily timeframe. Breakouts signify a decisive breach of a key resistance level, indicating a potential change in trend direction. The accompanying strong trading volumes during the breakout add validity to the move, suggesting a significant market interest. Breakout on daily time frame along with good intensity of Volumes Weekly price closed above 20-Week Moving Average (20WMA) On the weekly timeframe, the stock's price has consistently closed above the 20-week Moving Average (20WMA). This indicates a positive long-term trend and reinforces the potential for further bullish movements. Weekly price closed above 20WMA which is good sign for bulls Daily Price Above Key Moving Averages - 50DEMA, 100DEMA, and 200DEMA On the daily timeframe, stock trading above the 50-day Exponential Moving Average (50DEMA), 100-day Exponential Moving Average (100DEMA), and now has closed above 200-day Exponential Moving Average (200DEMA). The alignment of these moving averages above the stock's price is considered a bullish sign, indicating a strong trend. Daily price closed above 50DEMA, 100DEMA, and 200DEMA which is good sign for bulls MACD positive in daily MACD positive in weekly Conclusion The comprehensive analysis combining Elliott Wave principles with technical indicators supports a prevailing bullish sentiment in Shree Renuka Sugar Ltd. The completion of a larger degree correction and the potential beginning of a fresh impulse wave suggest positive market sentiment. Moreover, the breakout on the daily timeframe and strong volume support reinforce the potential for further bullish movements. However, always remember that no analysis can predict future price movements with certainty, and the market carries inherent risks. While this analysis aims to provide a well-informed perspective, it's essential to acknowledge that the future performance of the stock cannot be guaranteed, and prudent risk management is advisable. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:RENUKALong
by RK_Chaarts
11
Eicher Motors Double BottomEicher motors has fallen from its high by about 20% and we may be looking at a double bottom reversal as it rests on the 200EMA. According to option chain data, 3100 is a strong support. According to Multi strike OI, calls graph is falling which shows a bullish Singal and puts graph is rising which shows an even more bullish signal. Targets of T1 and T2 with stop loss below 3050, safer traders can wait for the break of the trendline but it may mess up the entry price Keep It Simple
NSE:EICHERMOT
by Krish_Kohal