Alltimehigh
2007 High going to break ?
*** This is a monthly time frame analysis so this will be used for medium term swing trade.
***All time high was made in 2007 , was 250-260 precisely 261 and it never broken till now.
*** There is lower high formation as indicated in chart.
*** This time , it is a 2nd attempt .
***As per price action , it should make one more lower high & a little consolidation near ATH then give a perfect breakout(sustinable high probability)
***If it give breakout without it , breakout may fail & fall under the *ATH ZONE* .
*** Happy Trading***
Breakout after 6 yearsAbout the company
NIFTY IT index & other stocks from Mid-cap & large-cap has shown a tremendous performance, where OFSS being a strong financial company has underperformed. [i ]
Chart analysis
This is the monthly chart of OFSS, the stock is in the consolidation zone for years & now has given a breakout from its 2015 high with record volumes.
As per Fibonacci extension, the next target for the stock is near 6000 level, which is also similar to the range where the stock was consolidating.
How to trade
Fresh position can be initiated from the current level. As this is a monthly chart, a bigger stop loss should be considered & the time horizon should be month to year.
Target 1: 5200
Target 2: 6000
SL: Ideal SL should be closing below the recent polarity level.
NSE:OFSS
Aarti Industries - LONG Swing Trade AnalysisAarti Industries - LONG Swing Trade Analysis
1. On the daily timeframe it has already done the breakout, for weekly almost it breaks the current downtrend.
2. upcoming week there may be some retracement based on the pharma sector.
3. Something is cooking on the Nifty Pharma, Hope after Nifty auto, Bank... pharma will start its rally from next week.
4. If Nifty pharma supports the next couple of weeks, This stock will fly to 950.
5. For the long-term trend it may breach an all-time high as well, which should be based on that date's global market condition.
Note:
1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only.
2. Always check with your financial advisor and take the trade as per your risk/reward ratio.
3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
Cup and handle breakout in FCL?Possible Classic Cup and handle breakout in Fineotex Chemical.
We can see how volumes have increased near the breakout candle
At present Stock has given a strong breakout with significantly good volume. For further strong up move, price has to close above 240.
All possible targets are marked on the chart. Maintain strict stop-loss at 203.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
NSE:FCL
All-Time High Breakout in PVRPVR has successfully broken the all-time high price of 2086, with considerable volume. Prior to this, the stock was moving in a channel for almost 2 years. Now, this has been broken along with an all-time high. If the candle next to the breakout manages to close above 2170, we can expect a sharp upside move in the coming days.
About its fundamentals,
PVR Limited (PVR) is India’s largest and most premium film exhibition Company. In March 2022, Inox merged with PVR becoming the largest cinema exhibition company in India operating more than 1500 screens across 110 cities.
All possible targets are given in the chart, maintain SL at 1650.
This is not a recommendation, do your analysis before investing.
Do share your views on this.
Target 2 achieved in Pageind | 10% mover This idea is a follow-up to Pageind
You can check the Link to Related Ideas.
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
Possible Zone Breakout in Ganesh BenzoplastGanesh Benzoplast is ready for zone breakout. If we narrow down the time frame, we can observe price is constantly taking support at 50MA which is healthy price action.
Breakout will be confirmed if the price closes above 142.
Trade set-up
1) Enter trade only if price closes above 142 in daily time frame.
2) Possible targets for the trade153,170,187.
3) Stop loss at 120.
Note:-
This is not a recommendation. Do your own analysis.
Pls feel free to share your thoughts on this trade.
thanks.
GRP Ltd Weekly Cup and Handle Breakout & all time high breakout?Recently we can see a Cup and candle Formation(5 years), and this week, cup and handle pattern broken with maruboze candle which is supported by good volume.
supporting this pattern , now its all time also broken and formed new high of 1914.70.
For the further upside movement its should break 1915 properly in a weekly chart, then is can go till 2840 range at the same time 1815 must act as Major support if it is a genuine breakout then we can keep SL of 1700.
Technically Stock is having potential to reach 3000 range.
Situation 2:
If it is coming for retest then 1600 should act as major support and good chance to enter by keeping SL below 1430 ( Less Risk Takers) and for risk takers 1195 will the SL.
Share your opinion in the comment section.
This is just a View not recommendation to trade, Do your own analysis before taking any trade.
NSE:GRPLTD
Target 1 achieved in Tcplpack | 9.5% mover This idea is a follow-up to Tclpack
You can check the Link to Related Ideas.
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.