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Bullish Patterns

BHARATFORG Ready for Upmove ??!!Chart pattern does insist me to go with above titled opinion REASONS 1. Bharatforg has been trading inside Expanding triangle and currently it is under its upswing move inside the major expanding triangle. 2. In Weekly timeframe, there is a Bullish Pennant formed and Breakout has happened it seems( volume not so good ) 3. Target and SL mentioned @ chart 4. SL(less risky) can be Day candle closing out of dark blue Ascending channel . 5. Pink trendline (884 level) seems tough and Day close above that line may confirm the bulls approach !!! Let's wait and watch how it moves!!!! Note- Just Sharing my view....not a tip nor advice!!!
NSE:BHARATFORGLong
by mmjimm
Renuka Sugars: Good price to enter from Long term perspectiveStock is at support levels. Buy at CMP and on dips towards 42. Important resistance around 63-68. Once crossed and sustained, the stock may head much higher.... Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:RENUKALong
by indiamarketoutlook
Pound Pushing PThe GBP/USD pair builds on Friday's solid recovery from a six-week low and gains strong follow-through traction for the second successive day. The momentum lifts spot prices to a two-and-half-week high, around the 1.2170 area during the first half of the European session and is sponsored by the prevalent US Dollar selling bias. From a technical perspective the break above the December 28 highs at 1.2125, the last key lower high in the corrective move down from the December 14 peak, marks an important turning point as it could suggest a reversal higher and that Cable's three-week yuletide correction is at an end. It probably means the medium-term uptrend which started in September has restarted and prices will now continue rising.
Long
by xavierNF
FINNIFTY Bullish view till 19000* All the information shared in this chart is provided for strictly educational purposes only. * This chart is sharing information are based on the theory of technical analysis . * This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. * Back test yourself before jump into live market consult your financial adviser and use proper risk management. ------------------------------------------ FINNIFTY Level's ------------------------------------------ SMC Selling area is near 19000 there are some small supply area but bull will cover it. :) And Buying Area is 18300-18200 (Support Breakdown Level) Resistance-- 18300-18200 (Target) Support --18600-18700-18750--18900-19000 Trade : Buy between 18280-18200 SL will be 70-80 Points Target will be 18600-18700-18750-19000 ____________________________________________________________ Visit Us for more details Trading_Cafe24 Thank you :)
NSE:CNXFINANCELong
by Trading_Cafe24
3
INFOSYS BREAKOUT SWING TRADE - INVERTED HEAD AND SHOULDERSGood day :) NIFTY IT has given a range breakout with a strong Marubozu open candle. Most of the IT stocks are performing really good and most of them are giving breakouts. I have identified one of the most strongest stocks of the IT sector which holds a weightage of more than 7% in Nifty. The stock is INFOSYS. This stock has been in a channel since May 2022. In the recent support at the base of channel , the stock has created a Inverted Head and Shoulder pattern which signals a bullish trend in the stock. Stock has broken the neckline with a strong bull candle. We can take a long position on retest of neckline and can expect good targets. Investors typically enter into a long position when the price rises above the resistance of the neckline and the stock has already proved this by breaking out with a strong bullish candle. Huge volume spike can be seen at breakout which confirms it as a healthy breakout. Resistances are identified as Target 1 and Target 2 giving a Risk Reward Ration of 1:1.5 & 1:3 respectively The probability of targets being hit increases as the stock is in a channel. Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
NSE:INFYLong
by Shaed61
3
Yearly outlook - Long IOC Resistance @ 99, 114 Support at 60 Revise targets in April, May and August 2023-25 Pros: 1)Reduction in GRM to increase the demand. 2)Green Initialtives to be housed in existing IOC franchises. 3)Stock is trading at 0.86 times its book value 4)Stock is providing a good dividend yield of 10.7%. 5)Company is expected to give good quarter 6)S/D Gap in EV value-chain Cons: 1)Allocation of 30T Cr of funds to state-run OMC's to the requested 50T Cr. 2)Net Profit reduction of 87% QoQ 3)The company has delivered a poor sales growth of 10.6% over past five years. 4)Company might be capitalizing the interest cost References: Could supply-chain issues derail the energy transition? - Mckinsley Insights, Dec 5 2022
NSE:IOCLong
by EfficientInvesting
1