Date 7th Mar 2024 Chemfab shown breakout with gap opening from significant resistance last week. Target was already decided with breakout, and now I am giving actual call to buy it after rejecting sellers pressure. Thank You!
CIEINDIA - Flag pattern in Weekly timeframe. Currently in colsolidation/ accumulation zone. Good entry point if the channel breaks.
BIKAJI is poised for its next upward move, presenting a potential upside of approximately 23%. The stock has maintained a trading channel for the past 2 years. This is an opportune moment to consider entry due to the following factors: 1. The Risk:Reward ratio appears favorable, with a stop loss (SL) potential below the channel. 2. Last week's candle exhibits a...
When Noone seems to be Interested in this stock. Time Cycle Points towards a Rise from the Ashes.
On every time cycle, ITC has a tendency to form a low and bounce back on upside. Very few were interested in this stock as it was a major laggard during April 2022. The recent sharp fall of ITC also made low near this Time cycle date. Way forward: When Noone seems to be Interested and all Negatives Around, TimeCycle Points towards a Rise from the Ashes...
Monthly chart of Jindal Steel & Power shows high potential of a breakout from resistance level of 15 years. OBV shows massive accumulation in volumes with strong RSI levels. Can be a very good BUY opportunity above 800 for potential gains in excess of 200% in long term and 50-60% in short term. Mutual funds raised their stakes recently. Quarterly results are...
SAIL is at 14 years resistance level. Volumes, RSI on monthly and weekly charts look very promising. A possible breakout on the cards! Overall, metal sector looks well set for a rally in the next 1-2 years which makes SAIL a safe bet. Keep a close watch and go LONG if it breaks out!
TIMETECHNO - Weekly breakout and retest of breakout level after 4 years. The stock has been in a good bullish trend and has very good fundamentals. I would keep a tight SL (155) and a 1:2 risk reward.
This is the update on the previous post, beautiful 1:3.4 RR
OIL India has broken >10 year high and presents a good long term buy opportunity
Swing Trade Setup - BUY Self Explanatory chart. This is only for educational purpose. Kindly take the trade as per your risk management.
GABRIEL - Breakout in the daily timeframe. The stock is in an uptrend in the higher timeframe and has taken a small dip, with this breakout - it looks like the uptrend is going to continue. Fundamentally the company has strong numbers.
JM Financial looks very solid on charts. Made double bottom on Monthly charts, now at crucial resistance level. Massive volumes with strong RSI. Can be a good BUY opportunity above 115 levels for 50% returns in short to mid term. Fundamentally very strong stock with both MF and FII raising their stakes.
CMP of Asian Paints is at 2 very strong support levels: Yellow Line - 3 Years support level Green Line - 8 Years support level Also, RSI (Monthly timeframe) of Asian Paints in last 9 years has always bounced back from ~50 levels. Current RSI can be assumed to be at its minimum level. So very good BUY opportunity for 10% gains in short term from current levels.
Mahindra logistics is breaking out of a consolidation, supported by volumes and momentum and presents a good long term buy opportunity
Castrol is breaking out of consolidation and presents a good long term buy opportunity
Engineers India is breaking out of multi-year channel and presents a good long term buy opportunity
DEEPAKSP - Weekly breakout completed and the stock is currently retesting its breakout level; The stock has broken out after a huge consolidation and has a good upside potential.