HCC-Is it a U-turn multibagger?HCC is one of the oldest infra stock of India showing some change in fundamentals which is visible clearly on chart.
A weekly closing above 50 can open big targets for stock. A risky bet for multibagger returns.
BIG
Everest industries-Good reversal trade!Everest industries is looking good as a reversal trade as a swing trade.
Stock is bouncing from confluence of supports.If bullish trend continues, we can see targets soon. RSI divergence is also seen during the bounce.
JINDRILLWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Bulls can trigger Bank Nifty making dojis on range looks like it side ways today but trend says bullish if take at support marked range ( black lines on chart ) & makes a big green bar candle then an upward move can be seen.
BTC Time (Today) to pay atention.
It looks like a reversal pattern in BTC.
I know the market is very bullish,
I don't want to bet against the big money, but if confirmed by tomorrow,
this Head and Sholders could plummet to 24.5k-25k. Today the US PMI is out.
Pay attention to that. BTC below 27K and confirmation of what I am pointing out.
Anyway scenarios are always 3.
Not a financial advice
apple double top NASDAQ:AAPL
As you can see on 4jan the stock attempt double top formation. this was the great opportunity to deploy some shorts.
IOTX is getting boom on in 24 hours. Buy DIPIOTX is getting boom on in 24 hours. Buy DIP
Check consolidated pattern
Invest & HoldBig move might come in federal bank its book value is 78 and current price is 87 at least 2x we should expect from it in longer term
Jindal Drilling Multi -Year Falling Channel BreakoutAlmost a 10 year falling channel breakout has happened in jindal drilling. Usually falling channel breakout gives a huge targets and is also in this case. The target could be somewhat 440 and the CMP is 142.
Edelweiss Financial Services Triangular Pattern BreakoutEdelweiss Financial Services has been in a sharp downtrend since long. Now it seems a reversal can happen. Triangular breakout and bottom seems to be capped. Rakesh Jhunjhunwala has increased his stake in it. Its peers have been performing like motilal oswal, IIFL Finance. So this can also show a re rating. Looks like a good buy.
ETH reaching towards ath as discussed in the last eth chart out triangle broke upwards and we hit all our targets
now as you see we may play a short trade for little profit because of the resistance line of that channel.
SHORT
entry: 1390
Exit: 1320 (1330 for safer side)
according to my chart analysis, the chances of ETH reaching 1500 is very high in the next 4-6 days
