Buy!
NEOGEN CHEMICALS RISKY TRADE NEOGEN CHEMICALS RISKY TRADE BREAKOUT RETRACEMENT DOJI FORMATION CAN GO FOR 1:2 AS SHOWN ION IMAGE WITH DOJI LOW AS SL,it is breakout trade with reversal candle + again reverse trade with cobnfirmation od doji high touching todays candle go for buy with 1:2 risk hai tjho ishk hai
TATAELXSI BUY (Positional Trade Idea)Name- TATAELXSI
Trading Style- Positional
Strategy- Trendline Breakout + Daily Closing
Timeframe- Daily Chart
Buy Above Breakout Candle High
Stoploss Below Breakout Candle Low
Target Should be 1:2
Note: All the details are provided on the chart itself
Check updates regularly regarding this trade idea
GAIL- Relative Strength says BUY!Attached: GAIL/ NIFTY 50 Daily Chart as of 12th April 2023
As you can see in the Attached Chart, there are 3 Bullish Signals hinting that the Ratio Chart is likely to Rally Up:
1) Cup and Handle Pattern Breakout (see Green Neckline)..... whose Target is still Pending as the Chart works its way up
2) Falling Wedge Breakout (see Wedge Blue lines)........ this is clear with today's Candle
3) Price (Ratio in this case) Moving Up within the confines of a Channel (see Black Channel)
The Upside Target is shown by the Green Arrow Mark Extending
Being a Relative Strength (Ratio Chart) the Signal we get from this says that GAIL is likely to Outperform Nifty 50 in the coming days/ few weeks
GDX- BIG BULL OPPORTUNITY!GDX (VanEck Gold Miners ETF)
INVESTMENT CALL📈
Attached: Monthly Chart as of 7th April 2023
(Technical Analysis self explanatory as annotated✍️ in the Chart)
CMP= ~34
Upside Targets🎯:
T1= 40 +
T2= 60 +
T3= $100...
Stop Loss:
SL is Not Needed but just for the sake of it one can keep it below Last Month's (March) Candle Low so < 26.50
Upside Potential is almost 3x🚀 and that too in an ETF (not an individual stock)
With Risk⚠️ of just 25% at Max
The Risk Reward for this Investment is FABULOUS😮✅
And it is on the same thesis of the Bull Run in Gold & Silver 🥇🥈
..............................
Check out my Related Ideas for the Bullish Call that I had put out for Silver and how it met its Target
RELIANCEReliance is approaching towards March 2022's lows of 2180 which happens to be very strong & last support for Reliance.
If Indexes & Reliance had to bottom then 2180 (Reliance) 16745(Nifty) are strong levels.
Also, Reliance & Indexes are extremely oversold.
Could be bought with strict stoploss of 2175 & postional targets (if market bottoms here then) 2454
Risk:Rewaed in favour of bulls.
Infy: Chart setup, Risk Reward levels & my trading strategyInfy (1492)
We are looking at weekly candlestick chart
In Dec 2022, I had mentioned the level of 1444 to be of crucial importance. The stock made a low of 1446 and then has seen smart bounce from thereabouts.
Currently the stock is in retracement mode. Important for Infy to hold on to 1480-1460 zone
If withheld then stock can be looked with an upside target potential of 1666 / 1735.
SL 1444
My trading strategy: Bullish Calendar Put spread
Take care and 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
BPCL Bullish Breakout BUY!Attached: Daily Chart as of 17th March, 2023
- Price shot up a whooping 6.24% on 16th March (Thursday) and also held the Gains closing Higher on Friday
- Overall giving a Strong Weekly Breakout Candle closing above the 350 key level
- 315 level or the 0.618 Fib retracement held out perfectly as a support🙏
Indicator Signals:
- MACD crossed above 0 line ✅
- RSI crossed above 70 ✅
- DMI gave Buy signal ✅
- ADX is above 25 ✅
- An Inverse Head & Shoulder Pattern is currently active given the Breakout Candle📈
Upside Potential:
A Short Term Target 🎯 of ~ 400 is now Open
Stop Loss for the same is < 325
SBIN: 560-580 Make or Break zone SBIN
- The stock has seen a nice recovery over the last couple of days rising from the Budget day low of 499.35 to 567.9 today
Observations
- The zone o 560-580 is very important for SBIN
- Black Line of Resistance coincides with Yellow Downtrend Line at around 580 odd levels
- 61.8 Fib retracement level is also at 579.80
Making the current zone all more important.
Bulls need a sustainable price movement above 580 levels for further rally.
If gets resisted then SBIN may resume it's down trend again
On the lower side the Blue Line may be looked at first Line of Support.
My trading strategy
Bear Call Spread strategy.
Exit if SBIN closing above 585 on daily charts.
Take care and Plan your trade accordingly...!!!
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