BANCOINDIA Ready to FlyHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Jan 2024 to July 2024 its in 200 Points range.
* From Jan 2024 to July 2024 Tested & Moving Near Resistance Many times.
* It's Break resistance Zone and trying to Sustain above Resistance Zone with good volume.
* Volume Accumulation (Volume is Highest Ever After August 2023 big move).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Breakout!
IndoBorax - Fibonacci Targets in sight after Breakout - DailyIndo Borax & Chemical Ltd. has recently broken out cleanly from a descending trendline. The Fibonacci retracement levels provide clear targets for the upcoming price action, making this an interesting setup.
Technical Analysis:
Descending Trendline Breakout: The stock has decisively broken out from a descending trendline, indicating a shift in momentum from bearish to bullish.
Fibonacci Retracement Levels: The Fibonacci retracement levels drawn from the recent high to the low indicate potential resistance and support levels. Key observations include:
Support at Fib 1: The price took support at the 1.0 Fibonacci level (₹171.10) post-breakout and bounced off strongly.
Resistance at 2.618: The stock faced resistance at the 2.618 Fibonacci level (₹213.59) but has since taken support at the 1.618 level (₹187.33).
Potential Target Levels: A daily close above ₹213.59 opens up the 3.618 level (₹239.86), with the previous high acting as another target at ₹232.21.
Volume Analysis: The breakout was accompanied by a significant increase in volume. The Volume has spiked again today.
Key Levels to Watch:
Support: ₹171.10 (1.0 Fibonacci level) and ₹187.33 (1.618 Fibonacci level).
Resistance: ₹213.59 (2.618 Fibonacci level) and ₹232.21 (previous high).
Bullish Divergence on Weekly
On the Weekly chart, you will also notice that there has been a Bullish Divergence where the price made a Lower Low, while RSI made a Higher Low, shortly before the Breakout.
The RSI seems to be on an upward trajectory since, as you can see in the chart below.
Let me know your thoughts in the comments. Please do Boost and Follow for more analyses!
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
Tata Motors is Ready for LongHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle pattern in daily TF.
* Rectangular Box Pattern In Weekly TF.
* From Mar 2024 to July 2024 tested resistance many times.
* From Mar 2024 to July 2024 Moving in 150 Points Range
* It's Break resistance Zone and trying to sustain above Resistance Zone with good volume.
* If resistance zone is Sustained then we can see a good move.
* Volume Accumulation (Volume is Showing Strength).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
MSTCLTD is ready for big MoveHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Pole & Flag pattern in Daily TF.
* From Jan 2024 to July 2024 tested resistance many times.
* It's Near resistance Zone and trying to sustain above Resistance Zone with good volume.
* If resistance zone is Sustained then we can see a good move to 1138.
* Volume Accumulation (Volume is Showing Strength).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Keep An Eye - Consolidation - OMINFRAL📊 Script: OMINFRAL
📊 Sector: Infrastructure Developers & Operators
📊 Industry: Engineering - Turnkey Services
Key highlights: 💡⚡
📈 Script is trading in consolidation zone, it has to give closing above 180 level to break consolidation zone.
📈 One can go for Swing Trade only above 180.
BUY ONLY ABOVE 179
⏱️ C.M.P 📑💰- 177
🟢 Target 🎯🏆 - 197
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
ASALCBR - 1.5 Months Downtrend / Consolidation Breakout - ATHAssociated Alcohols & Breweries Ltd
1) Time Frame - Daily.
2) The Stock has been in a downtrend / consolidation since (June, 2024) after breaking it's previous life time time of (653.65) . Now It has given a downtrend / consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (920 - 20% from the price 762.25).
4) Recommendation - Strong Buy.
NOVAAGRI - 6 Months Consolidation BreakoutNova Agritech Ltd
1) Time Frame - Daily.
2) The Stock has been Consolidating since (January, 2024). Now It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (100 - 20% from the price 83.91).
4) Recommendation - Strong Buy.
PVR INOX - Rising from the sleep!PVR has been running sideways for months after declining for a long time.
PVR is making a W pattern during its sideways run and accumulation phase.
Now, PVR is showing good bump in price along with rise in volumes. This sounds like a promising situation.
First target is 1450 which is also a point that will give a breakout from it's consolidation zone.
CMP: 1397
Breakout Point: 1450
SL:1350, revise it to 1445 when price crosses 1500.
Target: 1590 and beyond.
Stock can be bought at its breakout level. But investor has patience for medium term then even CMP seems good to buy on, as the volumes are strong and are reflecting high probability for breakage of breakout level.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
Can AWHCL be a multibagger?Anthony waste handling has given a strong weekly closing above 370 after a long consolidation since its IPO listing in 2020.
Stock has support very far at 300-310.
It is better to add on dips till 350 for targets of 450 and then 2x(700).
Only risky investors should be interested in this stock.
Momentum traders can look for targets of 410 in short term.
Idea shared for educational purposes only.
CASTROLIND - 5 years High / consolidation BreakoutCASTROLIND
1) Time Frame - Monthly.
2) The Stock has been consolidating since August, 2018 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock may reach its previous All Time High (272) in long term.
4) Recommendation - Strong Buy
KSCL - 3 Years Consolidation / 9 Years Downtrend BreakoutKaveri Seed Company Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Consolidation since (May, 2021) & in a downtrend since (April, 2015). Now It has given a Consolidation and Downtrend breakout & Closed above it's (May, 2021) High with good bullish momentum candle & with huge volume in weekly Time Frame.
3) The next resistance would be it's Life Time High (1075.50) .
5) Recommendation - Strong Buy
Wockhardt-Bad fundamentals, Strong technicals!Wockhardt is an age old Indian pharma company which has been in loss since few years.
Stock has bounced from strong support and also gave inverted head & shoulders breakout.
Stock is consolidating post breakout.Not my usual technofunda pick but a very attractive technical breakout. Please know that risk is more with such ideas.
KSCL is ready for longHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle pattern in daily TF.
* From June 2024 to July 2024 tested resistance many times.
* It's Near resistance Zone and trying to sustain above Resistance Zone with good volume.
* If resistance zone is Sustained then we can see a good move.
* Volume Accumulation (Volume is Showing Strength).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Glaxo Is GainingHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Range Bound pattern in daily TF.
* From Last June 2024 its in range.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* If resistance zone is break then we can see a good move.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Watch the price action like I do in 2024 I make educational content videos for swing / positional trading
SARLAPOLY CAN BE PUMPED STRONGLY...SARLAPOLY (Sarla Performance)
About the company
Sarla Performance Fibers Limited is engaged in the manufacturing and export of polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread
Weekly Chart Pattern
Setup..
cmp 50.45
any dip upto 45 can be bought
For targets🎯 55 / 57 / 60+
Above 60 it would be a inverted head and shoulders breakout
Breakout Targets🎯 64 / 70 / 77 / 82 / 87+++
Looking at Monthly Charts now....
We can see a bigger inverted head and shoulders pattern on monthly chart
Hence, If sustains above 90...
We can see a fresh breakout...
For targets🎯 95 / 100 / 110 / 115 / 121 / 129 / 135 / 141 / 150++
WCBSL can be taken as 30
Tecnical Analysis...
1) Formation in progress of..Inverted head and shoulders pattern on Weekly as well as Monthly charts...
2) Volume addition
3) At good and strong numbers
Regards..
Keshav Jain..
26/11/2023
Disclaimer & Risk Warning
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
TTML near IMP AreaHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle pattern in daily & Weekly TF.
* From Aug 2023 to July 2024 its in range.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* If resistance zone is break then we can see a good move.
* Volume Accumulation all time high volumes (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.