In TCS we are seeing ascending triangle pattern. wait for the proper breakout, at the same time movement is not that much powerful, that's why we are seeing M PATTERN also, so wait for proper breakdown with volumn. This is just a view not a recommendation to trade. Trade at your own risk management.
Mahindra & Mahindra analysis for swing trading
if it breaks the level of 1058 then above this level you can go for long side
it may consolidate continue if came below 1017 go for sell side
once a up side rally started there will be expecting target of 1235
In a weekly chart there is ascending triangle breakout in Armanfin and also broke its all time high 1121 with volume. As per pattern target stock can go till 1990. Its a purely technical call not a fundamental. Do your own analysis before investment.
Pramod Patwari, CFO at Balrampur Chini Mills, said on Monday that India's sugar exports will be at an all-time high this year and that the financial year 2024 would see the benefit of plans to raise pan-India ethanol production capacity.
As i've already posted an analysis on TATA POWER creating it's Descending Triangle Pattern, Now it has broken this pattern and creating a new upward rally. I am hoping for TATA Power's new lifetime High Soon. There is more positivity in Tata Group due to IPL Sponsorship. Tata Power is also good opportunity for Investment Purpose .
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
Good Morning Traders
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Profit :- 25,000 (1Lot) or 2.76 % in cash
Capital Invested :- 2.3 LAKH
ROI :- 11%
FOLLOW , LIKE , COMMENT & SUPPORT
Company has delivered good profit growth of 34.88% CAGR over last 5 years.
Consistent YOY growth.
Fresh breakout after accumulation with huge volumes.
Targets will be 403|428 in short term.
Granules India to be sold to PE funds. RJ (Big bull)/ Madhu kela & other big names are buying daily
I am not a financial advisor. Use your...