Muthooth Finance 1 dBullish view
Resistance Broken
RSI > 60 in daily weekly monthly time frame
Volume rising
Bullishpattern
Chola Fin co., Looking good ; min 20% Roi ; swingFor short term investment ;
Leave a " Like If you agree ". 👍
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Wait for small retracement & daily candle to close above - "1260".
Trade carefully untill ENTRY level.
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Entry: 1260
Target: 1430-1560
sl: 1199
major stoploss/ support: 1190
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer old posted idea attached below.
NIFTY Pattern (POLE and Flag Pattern) 24900/243501. If Nifty successfully crosses the 24680/690 level then the coming targets will be 24855 and 24980 as per Pole and Flag pattern
2. But if it fails (POLE and Flag pattern Failed) and the Nifty breaks below 24590/570, then the coming targets will be 24370 and 24280.
Advice:
1. If you are doing future then take the option as hedge.
2. If you are doing Option selling, take option buying as hedge.
3. Naked option buyers please take both CALL and PUT for safer side.(So, your total will be more then buying price)
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses
Triangle formation & EMA 200 in Heritage FoodNSE:HERITGFOOD
Triangle breakout is about to be formed with EMA 200 crossing over.
A confirmed breakout requires being above 520 and sustaining it. The target is the next big resistance, which is 645. Keep the SL at 475 or swing low.
For lower risk, keep looking for big positive volume, with EMA 200 and 50 below the candles.
MIDCAP100I see MIDACAP100 index very strong. In my opinion it is heading towards previous high.
1. Crossed previous top
2. RSI also showing positive compared to previous high RSI. Infact its above all high since July.
3. FII turning towards buy though in small numbers.
4. Taken a strong support nr 200 DMA
My view might be changed if it closes below 57600.
JSWEnergy Bullish Bias Set up Low Risk Reward Set upSimple Structure
Stock taking support at 200days EMA
Low risk set up
SL 640s
Targets 700+ / 750+
Jindal Poly - Cup & Handle Pattern Breakout Cup and Handle breakout
Breakout zone : 950-955
Stop Loss : 800
Target : 1200 - 1460
Time Period : Medium Term (6-18 months)
SHREEPUSHK looking good on a monthly timeframe#SHREEPUSHK has given a breakout a level of 340 on a monthly timeframe. Upside potential: 40-50%. Stop loss: 325. This is not a buy/sell recommendation. Research carefully and invest at your own risk
Aeroflex Industries by KRS Charts4th Oct 2024 / 10:02 AM
Why AEROFLEX ❓
1. Clear Pattern of Reversal to Bullish, Inverted Head & Shoulder❗❗👍
2. Many has Jumped in Breakout due to high calls were given for AEROFLEX but once in Retest ,i think it's right time to enter with more conviction.
3. In smaller TF, 100 EMA is right underneath so multi-TF support ✅↗️
Target would be of ~224 Rs with SL closing below Support as we can see in Chart 📈
Chambal Fertiliser a 6 month consolidation will it breakout ?Chambal Fertilisers and Chemicals Ltd. is another interesting chart to keep on radar with following
1. RSI on all time frames (DWM) is at or above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. ABCD pattern under formation on weekly chart with fib-extension targets of 639-694
4. 6 month long consolidation on daily chart within channel of 440-530 zone
5. Major Supports are as under:
20 SMA (weekly) 491
20 SMA (Daily) 478
50 EMA (Daily) 483
With cluster of supports in area of 478-492 lets see if it breaks out of its consolidation or continues its consolidation
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
DIVISLAB - CHANNEL CONSOLIDATION -WILL IT BREAKOUT OR NOTDivi's Laboratories Ltd. is an interesting chart with following
1. RSI on all time frames (i.e. D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking on upper band
3. Two month's long consolidation of price in rectangular range of 5675 to 6300 levels and once price breaks out of this range, momentum will increase
4. ABCD pattern under formation on weekly chart
5. Major price supports at 5930 i.e. 20 Day SMA and 5750 i.e. 50 EMA respectively
Breakout of 6300 + levels on closing basis can fetch 6700 + and 6980 levels as per Fibonacci projection tool
Lets see How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Potential breakout in DivislabNSE:DIVISLAB A strong bullish ATH breakout is about to be formed @6200-6250 with the potential to reach 6700-6800 in a few months. With a good R: R of 1.69 one can trade accordingly.
The next big support is @ 5700 followed by 5500
Viaz Tyres Ltd: On the Verge of a Major Breakout or ReversalKey Highlights:
Resistance Zone (₹70-₹72):
The chart shows a well-defined resistance zone marked in red. This level has been tested multiple times without a breakout, making it a critical hurdle for the stock.
Ascending Trendline Support:
The blue trendline indicates a steady upward movement, with the stock consistently making higher lows. This trendline is currently acting as a strong support level, near ₹63.
Critical Support Level (₹53.90):
A red horizontal line at ₹53.90 highlights a strong support zone. If the price breaks below the ascending trendline, this level could act as the next major support.
Volume Analysis:
The stock is witnessing moderate volume near the consolidation phase, indicating indecision. A spike in volume could confirm a breakout or breakdown.
Potential Scenarios:
Bullish Outlook:
A breakout above ₹72 with strong volume could lead to a rally towards ₹85 or higher.
The ascending trendline suggests a positive bias as long as the price respects this support.
Bearish Outlook:
A breakdown below the trendline (₹63) may push the stock towards ₹53.90, the next support zone.
Failure to hold ₹53.90 could trigger further downside.
Takeaway:
The stock is currently consolidating between ₹65-₹72, forming a critical juncture for traders and investors. A breakout above resistance or breakdown below support levels will determine the next trend. Keep a close watch on volume for confirmation of the next move.
Marico | Bullish SetupMarico chances of moving 5% in coming days.
Back to back green candle
Increasing volume
Strong RSI
Sustain Above 650 might give 3-5% returns in 2-3 days.
Disclaimer: This post is for educational purpose. No trade/ buy/ sell signal is suggested or advised. Do your own analysis before buying or selling any stock/options.
KOTHARI PETRO By KRS Charts31st Oct 2024 / 10:13 AM
Why KOTHARIPETRO❓
1. Fundamentally Good Company with Good Durability and at Good Valuations. ✅
2. Technically, All Time Bullish Stock. 📈
3. In August, Broke Resistance and Now again giving opportunity to Buy at same Price while Retesting same Resistance Zone.
4. Though Better Entry would be around 206 to 209 Rs range.
5. Further Bullish sign, Bullish Continues Divergence is visible with MACD, means Sellers are Exhaust and Failed to Make New High. 💪
Target is Marked in Chart SL will be Flexible Either staying above 100 EMA or Staying above Resistance Zone any.
NAUKRINAUKRI :- The stock gave a breakout with good volume
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HCLTECHHCLTECH :- Keep an eye on the stock, the stock has given a breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Double bottom reversal with bullish engulfing candle in TitanNSE:TITAN A double-bottom reversal from the 3120-3140 level can be bought and the target can be achieved at 3750-3800. A bullish engulfing candle has been formed in the weekly time frame confirming the reversal.
A stop loss to 3150 or a closer swing is advisable. The risk-to-reward ratio can be managed at 1:4.
Ganesh Housing Corp Bullish BiasStructure looks really attractive
with a Stop Loss of 1000/-
Target 25 to 30% Return
Volumes picking up in the counter
Divergence was witnessed and led to an immediate Spike in the price
Hammer Candlestick Pattern on support zone in Bajaj FinanceHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a short term swing Trading Idea in Bajaj finance. Stock have formed hammer candlestick pattern on perfect support zone, Bajaj finance stock is trading inside the triangle pattern and chances are very high that we can see this towards upper resistance of triangle pattern which i plotted on chart above. Overall i feel stock should rise from here and no double over the period if we can see most awaited breakout in Bajaj Finance.
Technically stock is looking good for swing trade, and also if anybody wants to think for long term can take entry as chances are high that this time after spending some time we will see finally breakout in it. Please follow strictly stop loss which i mention above on chart, it will save you if something goes against to our analysis.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
EMMBIEMMBI :- Falling wedge type structure has formed and is consolidating by giving breakout, chances of upside movement are high
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
COROMANDELCOROMANDEL :- The stock has given a breakout with a strong candle and has also formed a cup and handle pattern
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
