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Beyondtechnicalanalysis

TATA POWER: Bullish TriangleBULLISH TRIANGLE : Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e. Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Trading strategy: Buy on cmp and add on dips , maintain the sl of 120 & look for the tgt of 133-34 .
NSE:TATAPOWERLong
by TradingSutra
1
MSTCLTD got a Trigger | CHART#16MSTC Ltd. engages in the export of scrap. It operates through the following segments: E-commerce and Trading. The E-commerce segment offers e-auction or e-sale, e-procurement services and development of customized software or solutions. On February 1, 2021, Finance Minister Nirmala Sitharaman stated in her annual budget speech, “the government will announce a voluntary vehicle scrapping policy to phase out old and unfit vehicles.” She added, the move will help in encouraging fuel-efficient, environment-friendly vehicles, thereby reducing vehicular pollution and oil_import cost. On March 18, 2021, Nitin Gadkari, Minister for Road Transport & Highways, introduced the much-awaited vehicle scrappage scheme in the LokSabha. According to the new policy, commercial vehicles of >15 years and passenger vehicles of >20 years will have to be mandatorily scrapped if they do not pass the fitness and emission tests. *Stock Analysis* The Scrappage policy news announced during union budget made a rally in the stock to rise to 400 levels. But the price is seen cooled off afterwards forming a triangle pattern consolidating to 250 range waiting for a trigger to move up. The Trigger for the new move is listed in Notes. *Important Levels to Watch* --Entry @ above 272 --Target @ 315 --SL @ 230 Notes : 1. INDIA’S MSTC MARCH-QUARTER CONSOL PROFIT 758.3 MILLION RUPEES VERSUS PROFIT 47.1 MILLION RUPEES YEAR AGO (Source : Reuters) 2. MSTC MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 3.11 BILLION RUPEES VERSUS 1.94 BILLION RUPEES YEAR AGO (Source : Reuters) ▢ Feel free to suggest your view on this as learning is earning here. ▢ Drop a follow here😉 @GokulHari Good Luck Investors❗ -- GokulHari ❗❗ Disclosure : I am not a SEBI registered analyst. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this suggestions. Consult your financial advisor or do your own analysis before taking any decision ❗❗
NSE:MSTCLTDLong
by GokulHari
NIFTY 50 MONTLY LEVELS Expecting huge selloff at the range of (16250-16300 ) if Nifty break the level of 15400 and sustain for the day we can expect a downside side move for the coming month (a small correction) If Nifty close above 15900 it can reach 16250++ (Buy only after the breakout from the resistance zone ) Personally, I'm expecting Nifty to reach 17000 by this financial year. Disclaimer: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
NSE:NIFTYLong
by anandhavel2941
BEL : Strong Breakout with Strong Q4 Results 🔥🔥🔥BHARAT ELECTRONICS (BEL) About Company : Bharat Electronics Ltd. engages in the manufacture and supply of strategic electronic products to defense services. Its products are weapon systems, radar and fire control systems, electro optics and communication, vacuum interrupters, electronic voting, telecom and SATCOM systems, semiconductor devices, microwave and transmitting tubes, solar products and systems. The company was founded on April 21, 1954 and is headquartered in Bangalore, India. Analysis : BEL has formed Cup & Handle kind of a chart pattern on Daily Chart and has given a strong breakout, hits over 3-year high. Strong Q4 Results: BEL reported a strong all-round performance in Q4FY21 despite a challenging environment. Robust order inflows at Rs 15,280 crore, up 15.8 per cent on YoY and order book at Rs 53,434 crore for the year provide good revenue visibility over the medium to long term. Also, strong balance sheet provides confidence about the continued accelerated business trajectory for the company Looking good at CMP for further upside movement :)
NSE:BELLong
by urmilaghelani