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Bullish Patterns

HONAUT, 1D forms Hammer after a dwntrndNSE:HONAUT Honeywell Automation India Limited (HAIL) is a ~$350 million+ company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It was incorporated in India in 1984 and its registered office in Hadapsar, Pune. HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions. It has a wide product portfolio in environmental and combustion controls, and sensing and control, and also provides engineering services in the field of automation and control to global clients. HONAUT dorms Bullish Hammer after a downtrend on Daily time frame and gave closing above it. Entry : 39941 Target : 41100/41400 SL : 38600 RR : 0.85/1
NSE:HONAUTLong
by Safwan65
Chalet hotes IHNS breakoutChalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline. A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head. SL is deep around 30 points at 375 levels. Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
NSE:CHALETLong
by chartistamey
RADHIKAJWE Daily looking bullishRADHIKAJWE Daily has trendline breakout/flag and pole breakout with 200 ema support on daily candle. Good to buy at 37 for target of 43.45 with sl below 34.30 **************************************8 This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:RADHIKAJWELong
by pranjalitigade
Delhivery can deliver profits to your portfolio!My observation is that the new age startup stocks have rallied in the past few days, eg. Nykaa, Paytm, Zomato. Now, it might be time of Delhivery stock to breakout and rally. The stock has formed a clear inverted head and shoulder pattern with 380 as its neckline. 403 is a minor resistance after which the stock can rally uptil 450-460. If the stock retraces towards 365, it can be a good buy in dip since the SL is deep below 345. Note:-Idea is shared for educational purposes and should not be taken as a recommendation.
NSE:DELHIVERYLong
by chartistamey
Trygin Tech bullish BO of 14 Month long Consolidation A bullish breakout of 14 month long consolidation in NSE:TRIGYN . Daily & Weekly RSI both are in bullish zone. One can crete fresh position in NSE:TRIGYN at 122 or below with a stop loss of Rs. 110 for 1st target of Rs. 133 and 2nd Target of Rs. 144 The risk to reward ration is 1:2 Exit the position if the stop loss triggered on DCB. DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME. I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY... Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:TRIGYNLong
by raigvivek
TAKE Daily looking bullishTAKE Daily looking bullish, it has trendline breakout/ inverted head and shoulder breakout with 200 ema support on daily candle. Good to buy at 23.60 for target of 38.20 with sl below 18.25 ************************8 This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:TAKELong
by pranjalitigade
3
LXCHEM Daily looking bullishLXCHEM daily has trendline breakout with 200 ema support on daily candle. Good to buy at 299 for target of 387 with sl below 264 ******************************* This is purely for training and educational purposes. We shall not be responsible for your profit or loss. The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
NSE:LXCHEMLong
by pranjalitigade
Archean Chemical Industry: An undervalued Chemical GemNSE:ACI is looking ripe for a breakout in the near future. NSE:ACI has been languishing at 500-550 price level since 18th April 2023. However the candlesticks that have appeared on 3rd and 4th August 2023 gives hints about an upcoming bull run which could see it cross the 650 mark. Technical Analysis: Since 8th June 2023, NSE:ACI has been on a continuous downtrend but on August 3rd after opening at 495 (the lowest price it had reached in 2023), it formed a green candle and followed it up with a green candle the next day. Green candles have appeared showing a characteristic of hitting the bottom and bouncing back up. StochRSI has also crossed over the indicator line and has exited from the OverSold zone. This indicates the bullish momentum in the stock. Fundamental Analysis: With a PE ratio of 16.36, it is well below the sector PE ratio of 20.93. In the financial year 2022-23, income has risen 103%, assets increased by 14% and liabilities reduced by a massive 74% and a positive cash flow of 396 crores. Thus the stock seems undervalued for the might of its financial statements. Strategy: You can enter at current levels (515 - 520) with a stoploss at 490. Once NSE:ACI moves above 560, you can increase the stoploss to 540 - 550. Exit the position once NSE:ACI touches 650 - 660.
NSE:ACILong
by Aryan_Devaiah
Breakout in Gujarat Fluorochemicals NSE:FLUOROCHEM is currently trading at a discount of 30% from its all time peak. It was going through a downtrend and has now broken past its channel (highlighted in purple). The breakout pattern is noticeable and higher highs are being achieved by $NSE:FLUOROCHEM. This indicates NSE:FLUOROCHEM can go higher and inch closer to its 52 week high of 4170. Strategy: You can enter into a long position at current levels of 2920 - 2930. Place a stop loss at 2590 - 2600. You may exit position once the stock reaches the target of 3400. Technical Analysis: NSE:FLUOROCHEM was making lower lows and was in a continuous downtrend, it has now reverted and is making higher highs and has broken out of the channel. Fundamental Analysis: NSE:FLUOROCHEM has a healthy balance sheet with a positive free cash flow. The net profit in the year 2022 - 23 has increased by 68% year on year. It has sufficient cash reserves to meet its short term liabilities. Revenue for the year 2023 - 24 is expected to grow by 15%. There has also been an increase in the FII ownership over the past 3 months.
NSE:FLUOROCHEMLong
by Aryan_Devaiah