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Breakoutretest

BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support. BSoft is one smallcap IT stock which has big potential to grow in future. Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish. If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380.
NSE:BSOFTLong
by chartistamey
MapMyIndia-A multibagger stock for a swing tradeMapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price. If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart. A very good investment stock as well since the company provides API solutions as a cheaper alternative to google maps. Just a personal opinion shared for educational purposes.
NSE:MAPMYINDIALong
by chartistamey
2
SMCGlobal-A breakout done for multibagger returns?SMCGlobal is a small cap company which is involved in broking related activities. As we know, share market industry has big potential, this company has big scope to grow exponentially. Technically, stock has given ascending triangle breakout and has completed retest of same. Risky investors should not miss this opportunity of making multibagger returns. Stock is ready for a big bull run once 150 is crossed. If you like my analysis, please follow me for more such interesting ideas.
NSE:SMCGLOBALLong
by chartistamey
SHALBY: High Return Idea Upto 100%Shalby Hospital India’s best multispeciality hospital which provides world class healthcare services. It has recently undergone a notable decline and is currently trading near the 242 mark after retesting its multi year breakout zone, indicating a potentially favorable opportunity for investors. Traders and investors can contemplate entering Iong positions within the 220-240 range for a potential upside upto 450/- To mitigate risks, we advise setting a stop loss below 195 based on monthly closing prices, ensuring prudent risk management throughout the trade.
NSE:SHALBYLong
by Chinmayonniftyy
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.
NSE:MAHLOGLong
by chartistamey
#Godrej Property, low risk high reward setupGodrej property is looking good to me for low risk high reward setup. In weekly TF price is taking support in the price range of 1133-1150 and RSI is making positive divergence which can help this counter to go up to levels of 1) 1188 2)1200 3) 1215 4) 1221 5) 1240 SL 1110. I will be looking for long entry around 1118-1133 price band. Only thing which is cause of concern for me is head & shoulder pattern and in case of breakdown I need to be ready for initiating short positions also.
NSE:GODREJPROPLong
by ssudhirsharma11
4
cup and handle pattern at VBLPreviously the stock made a CUP & HANDLE pattern in daily timeframe. It was facing resistance @1175-1200 range, then it broke that resistance with enormous Volume and made a new high. Now it is coming back to the breakout level for the first time, which might provide us with a good long opportunity. For added confluence 1. RSI is below 40 (which will fall a bit as the stock approaches 1180 - 1200, CMP/LTP 1221). 2. 100 Day EMA is near 1170. Important Levels Entry - 1185 SL - 1125 Target 1 - 1280 (1.58R) Target 2 - 1350 (2.75R) **Do your own research before taking any trade**
NSE:VBLLong
by iChoco