Whirlpool of India - A Long Term Investment StockIn this Monthly chart wave (1) is completed at 2787 and wave achieved its minimum retracement range....If wave (2) is already completed at 1186 then wave (3) is already started and may achieve given targets of wave (3) in upcoming months or so....but if wave (2) is still in progress then 1458--927 support(buying) range for the stock....
Bottomfishing
Sumitomo chemical ind ltd - A Long term investment stockIn this weekly chart wave (1) is completed at 540 and wave achieved its minimum retracement range....If wave (2) is already completed at 336 then wave (3) is already started and may achieve given targets of wave (3) in upcoming months or so....but if wave (2) is still in progress then 345-268 support(buying) range for the stock....
Emami Ltd - A Multibagger stock for upcoming yearsWhat a Chart !!! Its a very good Investment stock for upcoming years and it may give multifold returns....The reason behind this idea is the pattern which i have marked in chart where stock is formed multiple wave 1 and 2 and it may bounce sharply to justify the personality of wave 3.
METROPOLISMETROPOLIS
get trail of another one study of my bottom fishing scanner this name is eRHr buy at LTP . trg is 1) 1700 2) 1800.
1) good support zone .
2) technically swing trading set up
3) and last one is "my efforts "
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Some signs of bottoming in Mahindra Logistics!Mahindra logistics is a stock which is showing strong technical signals of a bottoming with a major breakout of a range.
The level of 450 has proved strong resistance in past. Stock has broken it with volumes recently and is now retesting the breakout zone.
RSI positive divergence is clearly visible in chart. Levels mentioned in chart are crucial.
If stock sustains above 450 for couple of weeks, it will be clear signs of bottoming.
This stock is a clear avoid for me as the company does not have strong fundamentals as of today. Any investor who is stuck in the stock from higher levels can think of averaging.
Short term trade setup in MFSLIt appears that the price has hit its lowest point and is now showing indications of a reversal. This is evident as it has broken out of a period of consolidation or uncertainty and is moving in an upward direction. This pattern is commonly known as the Diamond Bottom pattern, which typically occurs during a downward trend. The pattern is characterized by a broadening pattern of higher highs and lower lows, which gradually narrows as the lows start trending upward after the highs peak. Once the price breaks out of the diamond's boundary lines in an upward direction, it signifies a significant shift to a new uptrend.
Target has been Marked.
DMART BOTTOM FISHINGNote:
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Aries Agro - Mirror patternThis script is making a mirror pattern showing how history repeats itself.
Currently, it's available at cheap valuations and also, the stock would be benefited from the upcoming farm season.
The target price is 250 as per the charts. Duration - 6 to 12 months.
This is my analysis, done only for educational purposes, feel free to share your views/feedback.
Just Dial: Buy @ CMP 365.50, SL 310, Target 400, 527, 618....Just dial is a classic case of a developing major trend reversal. There is no clear traditional evidence of reversal on longer frame charts but on the weekly basis, it's showing clear signs of reversal. Since all this is happening near to the previous bottom, this weekly reversal becomes more significant. This is a medium term aggressive trade but with the lucrative risk reward. One needs to analyze this trade at every major pivot.
COAL INDIA Ltd: Buy @CMP 245.50, SL 230, Target 320, 427Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate( Rs 0.29% .245). This zone is major support point( Analyze coal India's behavior during Aug 2013 0.25% to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.
bottom fishing stock...Perking setup...
Very good momo and this time it will hopefully break the channel..
Very ling consolidation of 5 years.
The blast upside will give large targets.
buy at 82 with Sl 65
Targets 150, 200( why not 100?) Plz comments why not or why should ?