Buyondip
POLYCAB - Ready for UptrendA beautiful Gap-Down has been created in the chart signifying a possibility for the market to move in an upward direction soon by the end of this week.
We can be bullish on it and hold on to our first target of about 9400-9457.
I am not SEBI Registered. Do your analysis before investing your hard-earned money.
My idea is to go long on this share.
Investment pick- Marksans pharmaMonthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock.
We have seen an ATH breakout already and a consolidation/retracement is bound to happen.
The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105
Keep this stock in your watchlist. For investment, stock can be added at CMP as well with buy on dips strategy.
Stock fundamentals:
Category-Midcap
Sector-Pharma
Industry-Pharma(Bulk drugs)
10 Year compounded profit growth:- 19%
Ratios at CMP:-
Stock PE:-19 ; Ind. PE:- 26
Debt to equity:- 0.07 (negligible)
ROCE:- 22%; ROE:-20% ; P/B:- 3.07; PEG:- 0.34
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.
INDUSIND BANK INDUSIND BANK has broken out of its 5 year old downtrend line showing big buyers coming in the stock , retest of support is also done and the stock has formed a good inside bar candle in monthly time frame . Any breakout above the inside bar candle range will be a confirmation of upcoming rally in the stock , ie levels of 1180 , one can go long above this range if a weekly candle closes above it for targets of 1500 levels in medium to long term
VETOVETO:- at weekly strongly breakout with good volumes and also retest
keep on the radar. buy at current level
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.
Buy out the dip of 1350 in InfosysNSE:INFY is one the leading IT consultancy company which does not need any description. Infy recently broke 1360 levels. Investors might add this scrip in their portfolio at current levels. Also one can average out if we see 1300 levels.
No chart patterns are favourable
Nothing so called trend reversal
This is an effect of unfavourable market conditions
The rising dollar index
This might soon settle in near time and we might see 20% upside i.e 1600 levels. before the end of this year
EQUITAS HOLDINGS for swing tradeone can plan to buy above 106.80 as you can see we will get double confirmation of trendline and cup and handle pattern .
hope you liked it.
keep it simple
Disclaimer : we are not SEBI registered .all the content if for educational purpose only.
Go long on any bullish candleWelspun India looks oversold + is in a very strong buyer's area go long on any bullish/green candle on daily time frame. Sl of 4 to 5 ruppes will be good for a swing trade .
Tata Power Analysis, a strong bearish trendI just started doing analysis, do comment if it lacks some learnings.
Tata Power has been In a bearish trend for the past couple of weeks. As the markets are also bearish, hold Tata Power for the long term as it gonna blast if it closes above the trend line breaking its bearish trend. Adopt buy on dip strategy and hold for the long term.
BUY HDFC BANK - SWING TRADEBuy HDFC Bank at 1545
Targets 1600, 1670++. Trail SL to avoid loss.
Small SL Below 1520 on closing basis
For Options and Big Capital Traders: Puts can be sold or At The Money Bullish Spreads can be created. Incase Sold Puts go in the money then settle by taking delivery of this stock.
PS: This is a good long term stock and can be accumulated at these levels.
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
Wipro (1W)A very clear pattern of breakout and retest (buy on dips) can be seen in Wipro! But, with every breakout volumes are fading away along with a probable formation of negative divergence on RSI.
So, price can again come back to the mark Monthly Demand Zone once for further ATH.
Pivot Reversal Levels:
- Buy above 608.95
- Sell below 565.35