Buy ABSL AMC at the breakout of 535 on weekly charts for target of 700 at least. Good CUP&HANDLE breakout happening on daily, weekly charts. Stock has taken support 200ema and now ready to bounce with volumes. Invalid below 500-505 range on weekly basis.
ZENSAR making higher highs where NIFTY IT index is struggling. Good ROE/ROI with PE ratio comfortable at 22, one of lowest in industry. Net profit doubled from last year.
Technichal rebound from 200EMA and gradually trading at all time highs.
Buy for target of 810 to 1020 in medium to long term. Technical stop around 555 on weekly closing basis
What happened?
1. US Inflation Data - Offers Breathing
2. Support at 200 EMA
3. 50 Lac Put Contracts at 19000
4. Full Moon Effect
Support & Resistance?
Bottom of the tight channel - 19200
Support - 18600 -18850 Range & 200 EMA
Price is near 200 EMA on the weekly timeframe along with the resistance of January 2021.
On a daily time frame, it is showing Bullish RSI divergence.
CMP - 383.65
Disclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
GAEL is consolidating on higher time frames + trading near 200 EMA as well. Company is sound fundamentally as well. It's a Conglomerate of commodity business. Specially in MAIZE.
**Breakout done but....candle size is huge so risk has increased so where to put stop loss ? (main concern)
**One can see, the breakout done at confluence of two trendlines- one is dash line and 2nd continue line.
** There are three touches on upper counter line and five touches on...
After the previous post on Ultratech where the target was hit beautifully, it has given another break after having a TIGHT consolidation during
the formation of a triangle after support from the 200 EMA constantly.
Very High probability with a possibility of a Golden Cross coming in.
Target to Next High Of 7497
Stop loss inside triangle.
Keep It Simple
**This is weekly time frame analysis so that only used for medium term swing trade.
** Demand Zone- 3300-3450.
** Double Bottom At Demand Zone
** Above the 200 EMA( which is good sign)
...
As we see BEAR TRAP formation in HINDPETRO +200ema support. we can go long by keeping our stoploss below 200ema. Targets are mentioned in the chart itself.
As we see RELIANCE is on very good support from its trendline and 200ema (AREA OF CONFLUENCE).We can go long by keeping our stoploss below 200ema. Targets are mentioned in the chart itself.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
