Sharda Motor for 80% jump after correctionSharda Motor Industries on daily chart seems to be in Wave IV that began on 9th July’24 and likely to come down to 2000-2050 levels as seen in the chart. This consolidation can go on for a few months.
Thereafter, the stock shall move up as Wave V (in five smaller waves) towards 3700+ levels (a 80% jump over corrected price), also marked in the chart.
The stock has been a favourite for institutions in recent times.
The above analysis is our view on the stock and in no way a trade recommendation. Please do your own due diligence and analysis. Please share your views through comments.
Bosch
Bullish on BOSCH for the 'long term'The scrip was trading below multi-year resistance trendline. The scrip gave a breakout from the trendline forming a large bullish candle on a weekly time frame. The Stock rose nearly 4 percent in last two days hitting a new 52W high.
Bosch is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
One can 'go long', after the stock breaches the resistance level of 18968 and crosses 18987 decisively.
Bosch on the verge of a monthly breakoutNSE:BOSCHLTD is on the verge of a monthly breakout and the chart looks very strong. A little bit of nudge and the downward sloping line would be broken. This should end a long consolidation for the stock. Keep it on your radar. Breakouts like these can deliver enormous returns in just a few year's time.
Unlocking Potential in BOSCHLTD: A Breakout Analysis 🚀Hello, fellow traders! Today, we're diving into an exciting breakout scenario with BOSCHLTD, a stock that has recently made a significant move, breaking free from its six-month-long consolidation phase. In this article, we’ll explore what this breakout means, how you can trade it, and most importantly, how you can secure your gains with a smart strategy.
Understanding the Breakout 📈
BOSCHLTD broke out of a consolidation phase that lasted for more than 6 months.
During this time, the stock was trading within a rectangle box, maintaining a range of around 9%.
The breakout was accompanied by a strong candle and impressive volume, indicating significant market interest.
Trading Strategies for BOSCHLTD
Immediate Entry: Buy at the end of the trading session today, leveraging the breakout momentum for BTST (Buy Today, Sell Tomorrow) gains.
Next Day Entry: If the price cross above high of breakout Candle 🕯 tomorrow, consider entering a position.
Retest Entry: For a safer approach, wait for a retest of the breakout level. Buy when the stock retraces, ensuring a more secure entry point.
Setting Realistic Targets and Risk Management 🎯
Plan your exit strategy by targeting a gain similar to the range of the previous consolidation, which is almost 9%.
Stop loss : Set your stop loss below today's candle low, adding a buffer around 19550.Always use a stop loss to manage your risk. In this case, keeping it below today’s candle low ensures you limit potential losses.
Remember, trading is a journey of continuous learning. Never stop educating yourself and honing your skills. Stay disciplined, and the markets can reward you generously. 🌟
Lastly, Thank you for your support! 🚀 Your likes & comments are invaluable. Feel free to share your thoughts and feedback in the comment section.
Disclaimer: This analysis is for educational purposes only. I am not a SEBI registered analyst; always consult with a certified financial advisor before making any investment decisions.
Bosch Ltd - 04.03.2022Bosch Ltd - 04.03.2022
The stock is trading @ 14731 levels
There is a SUPPORT Zone @ 14200 levels
There is a RESISTANCE Zone @ 16000 levels
The prices are below EMA
Let the prices go above 16200 for a trend reversal
One can initiate a buy position @ 14220 levels (Fib Retracement 61.8%)
Watch out for the price action
bosch ltd weekly analysis part-1as we can see left pattern is bullish butterfly and it completed at green line and fell from it and it retraced till 0.618 level and bounced back two times as we can see with fibonacci lines and our bullish ab=cd pattern has been activated at point of abcd pattern with orange color and target for delivery based trade will be 21470.
Our most harmonic pattern hit the target, it takes efforts to study technical analysis so if you like the idea, please share & like the idea thanks
good luck
BOSCH long opportunityNSE:BOSCHLTD
Hello all!
Bosch has been stuck inside a channel since March 2015. It has now finally given a multi-year breakout on a weekly timeframe with explosive volumes. This I believe is a great opportunity for a positional long.
Apart from the pure price action, I have multiple other reasons for going long:
1) Support from both 50 week and 200 week EMA.
2) The stock has broken its nearest resistance as well.
Multi-year breakout coupled with the above two reasons form a strong confluence.
The Reward to Risk ratio also seems favorable.
Do let me know your thoughts on this!
*NOT A CALL*
FET Price Prediction - NFAFET is really doing good as expected.
What is FET ?
-It is the native token of FETCH.AI.
"Fetch.ai is building an open access, tokenized, decentralized machine learning network to enable smart infrastructure built around a decentralized digital economy."
It is certainly unique in nature, involving AI and ML concepts within decentralized economy.
Further, it's collaboration with giants like BOSCH, makes it highly bullish for the cycle.
Price targets are shown, and it can even run more.
So, let's see.
#DYOR
#NFA
BINANCE:FETUSDT
BINANCE:FETBTC