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Basebreakout

Powerful base breakout in this power generation company!NSE:SJVN This company is into THERMAL / HYDRO / RENEWABLE power generation and distribution. Key technicals: - The stock price has made a huge base breakout on weekly charts closing above previous high made somewhere in 2018 - Volume has been consistently increasing over the past few weeks - The stock returns have largely outperformed the nifty returns since Q1 this year - Stock not in overbought zone - Stock not in ASM/GSM lists Key fundamentals: - Dividend yield higher than sectoral peers - PE ratio lower than sector - EBIDTA and NPM margins on the rise since last 4 quarters, same goes with sales - Debt to equity is well lower than 1 with ~5x interest coverage - Promoter holding is significant with no pledging
NSE:SJVNLong
by UnknownUnicorn23435789
1
Edelweiss Swing Trade (1:2)There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume pullback suggests a good retest and if you are having a low risk appetite then prefer going in after it shows a sign of reversal like a hammer to make sure it respects the support zone around 65 and if it somehow goes below. I have kept a logical stop loss below 59-60 where lies another resistance turned support! Below it the structure fails and an exit should be made. Position size according to risk appetite and use strict exit rules, I would prefer a close below 58 to trigger my SL as a wick is frustrating but at that time will update here in comments if the price approaches that zone. If we talk about targets we have the next resistance 20% from here I.E. at 77. so we get 1:2 if it hits our target. To add more conviction I have added the volume POC that suggests the highest traded zone and it lies around the second support zone of 60.5. Another strategy can also be used to scale is by adding half @ CMP & half @ 60.5 THIS IS NOT A FINANCIAL ADVISE & KINDLY DO YOUR OWN ANALYSIS/RESEARCH.. Thanks for reading!
NSE:EDELWEISSLong
by UnknownUnicorn21160479
Chalet Hotels - Breakout of a 10mth baseBUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:CHALETLong
by raavigeorgian
Siyaram Silk 1.5yr Cup and Flat Handle Breakout setupSuggested by @monkmaxims Most Textile sector stocks are breaking out of their bases. This is setting up in a flat base for 6 months on good volumes (Monthly chart shows ATH volumes). Hopefully we'll see a breakout soon. Moving along with sector. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. For educational purposes only.
NSE:SIYSILLong
by raavigeorgian
8