Tata Power- Beautiful Cup and Handle Breakout done. At the verge of breaking all time high. Entering after 300 is advisable for the target of 370.
Note: This is for educational purpose only.
Stock gave all time high Breakout and making higher highs and showing some bullishness.
Entry - 590 to 593
Target 1 - 587.75
Target 2 - 648.70
This is not a buy or sell call, analysis is shared for educational purpose.
Typical Cup and Handle breakout done on monthly clearly. Will go for the target of 4000 slowly since its a monthly pattern.
Note: This is for educational purpose only.
After a breakout from the range pattern, Stock is now in clear uptrend
past few trading sessions sellers trying to pull it down
but buyers form LONG WICK CANDLES
SHRADHA INFRAPROJECTS has formed a nice accumalation in the form of a BASE over BASE setup with goof VOLUME pickups and even 50/200 Daily EMA is following the price well, even showing outperformance compared to index analysis
SBI LIFE 1350, witnessing classical inverted head and shoulder breakout on weekly charts. Target can be 1450 to 1520. invalid below 1280 on weekly closing basis. Entry should be above 1350 on weekly basis
XAUUSD price trade at highest level in 6 month near $2052 wednesday. As per the RSI ( Relative Strength Index ), it show oversold zone on a 1 Day chart ( TF ). Resistance level of xauusd is $2052 ( highest point of 6 month high ), there is a higher chance of pullback in gold price. Support is seen in middle of the september high of $2022 which was the important...
Fundamental :
* New revenue streams from Apparel & Consumer Products are solid.
Technical:
* High Relative Strength Vs Index
* Sector doing great
* All-time high breakout
Bias:
Invested in personal PF, so far 3x in the last 3 years!
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SWADESHI POLYTEX looks good on Weekly tf as it is forming base upon base pattern which is basically ACCUMALATION for a Possible RALLY, we have VOLUME dryup while its moving UP which is a good sign.
MOS Utility is absorbing ALL TIME HIGH Supply and is forming an IPO Base Setup with Good Volumes as well as 50 Daily EMA is following an uptrend with price can give a good move, but accumalate it slowly, don't go all in at once
IRB Infrastructure has been consolidating on weekly timeframe for a very long time and has created a good BASE for upcoming rally, it is also near its All Time High Prices absorbing the SUPPLY, as well as we can clearly see the 50 Daily EMA + 200 Daily EMA following the price and Volume Dryups for Red Days and on Green days significant VOLUME activity and we also...
ALLCARGO TERMINALS near ith ALL TIME HIGH with good VOLUME PICKUP as well as good BASE FORMATION and 50 Daily EMA following the price could be a QUICK MOVE to the upside for a 10-20% move.
AAA Technologies has made a good BASE formation with rise in VOLUMES and is also near ALL TIME HIGH with good SUPPLY absorbtion and even 50/200 EMA is following the price well can be good for short/mid term rally
ZODIAC ENERGY is near its ALL TIME HIGH which previous weekly selling bases not broken as well as good VOLUME PICKUPS , alse FUNDAMENTALLY STRONG SECTOR for long term investments and 50/200 Daily EMA following the price
Homefirst Finance seems good for the upcoming month which has earnings in December, it is also near its ALL TIME HIGH with WEEKLY action looks like the price is CONTRACTING or SUPPLY ABSORBTION, alse fundamental rise in QTR profits with GOVT Housing PUSH.
200 EMA is just a bit of concern as it is lacking.
The stock of Poonawala fincorp has been consolidating in an ascending triangle pattern since end of 2021.
Currently, the stock is trading above its previous all time high of around 343.8
Buying at the top is always risky so keep this stock in watchlist and enter at a retest of 320 levels or as per your own risk reward.
Idea is shared for educational purposes.
Hello Traders! Today, we're going to take a deep dive into the technical analysis of KSB , a prominent company known for manufacturing valves, pumps, and more.
🔍 Understanding the Chart
KSB has recently made an all-time high on 23rd August 2023. Interestingly, it broke this all-time high on 21st September 2023 with impressive volume. The stock has now...
