Sun pharma,1D formed Bullish MarubozuNSE:SUNPHARMA Sun Pharmaceutical Industries Limited is an Indian multinational pharmaceutical company headquartered in Mumbai, that manufactures and sells pharmaceutical formulations and active pharmaceutical ingredients in more than 100 countries across the globe.
Sunpharma gave BO of Bullish Marubozu candle on Daily TF.
Entry : 1136.9
Target : 1169
SL : 1099
RR :0.85
Bullish Patterns
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.
ICICIPRULI, 1D formed hammer.NSE:ICICIPRULI ICICI Prudential Life Insurance Company Limited is a life insurance company in India. Established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management business.
ICICIPRULI forms bullish hammer on 6 sept,2023 and gave closing above hammer on 7 sept,2023 on support line.
Entry : 547.15
Target : 560.5
SL : 530
RR : 1.06
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
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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.
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.
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.
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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.
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
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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.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Ascending Channel
📌 Symbol/Asset: HCC
🔍 Description:
Moment Stock with Strong Channel Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
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
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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.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rangebound Zone
📌 Symbol/Asset: GSPL
🔍 Description:
Moment Stock with Strong Support, now retesting for further upside.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
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.
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.
India Bulls Real estate | Strong stockHello friends,
One more stock with good momentum , strong buy column and recently break out up side by breaking old pattern.
Market cap : 3500+ CR
Result : better then previous quarter
So it looks good to make cash position for short term may be one or two month and it will give good return.
So check out more detail and make position
This is not my recommendation for this stock but i find this strong stock as of now and should post. do your own analysis, check with your perimeter and trade on it.
If you like my idea on stock please...
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FILATEX Daily looking bullishFILATEX Daily looking bullish. It has trendline breakout/inverted head and shoulder breakout with 200 ema support on daily candle.
Good to buy at 44.70 for target of 65 with sl below 40
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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.
Bank Nifty | August ExpiryHello friends,
As i post before bank nifty idea, and it worked well and the best.
it was moved option price from 330-360 to 1000. but yes defiantly many would have made profit of 700 points profit. ( i was not from them as i scare to dare ).
My idea works well might be for others but it never work for me. yes sometime it works but after exit from trade.. hehehe well ill make profit one day and repeat it again n again..
for now today one more idea if better luck to you.
I have put last hour range in this chart.
1. it will be bearish for sure tomorrow so there are two different thing here can do.
2. a. if price open or break below of range take bearish entry take profit and exit. up to 44300 support.
b. once it take support take entry same or next day for bullish view it will give you again 44950 for sure.
3. if next it reverse or make bearish candle then it will have pattern of double top.
So do analysis own this thought and make trade on your own risk
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Thank you.