SRF Lower End of Parallel Channel and 200 EMA Support.NSE:SRF is Looking Good from a positional trade perspective as it's reaching to its long-term support of a parallel channel with the lower end also being the 200 WEMA, one can buy and book profit again when it reaches the upper end of the channel on a weekly time frame.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
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GPPL - STAGE 2 ADVANCE IN PROGRESS WITH STRONG SECTORAL WINDSHi All,
This idea is about Gujarat Pipavav Port Ltd
Fundamentals
Mkt Cap - 11k Cr
MCap/Sales - 11.6
P/BV - 4.95
EPS - 7
PEG - 3
Technicals
Price action has formed 2 bases of nearly 25% contraction/expansion each along with Stage 1 advance of 20%. Shipping sector is buzzing right now & the price action has successfully broken out of base 2 advancing to Stage 2
Base is nothing else but Box breakouts
Happy Trading,
Thanks,
Stock-n-Shine
intradayboth side potential
wait for box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
Box Breakout Awaited / NIFTY 50All observations on chart.
The big green candle has closed outside the box, but will wait for further few candles.
on 30 min chart nifty has formed 3 back to back green candles & on 15 min chart has formed 4 back to back candles.
Chances of Up move are higher. If sustains outside the box this can move till 15160/15240 /15320