ICICIBK swing trade analysisDescending trendline breakout, strong support, stochasticRSI divergence, macd crossover, raising volume, Q4 result is good and since it fell nearly 20% from its highs in last 2 months its a good time to buy.
Buysetup
TATA MOTORS INTRADAYTata Motors looking to recover strongly with the market and one can buy above 296 with the targets of 300-304-308 on intraday. A strict stoploss is advised below 290.
DIXON Technologies daily chartDIXON took good support over the lower TL of the channel. Looks good for a target till the upper TL and SL below the TL on clb. Trade as per your risk.
SBI Card Daily chartSBI card breakout of TL with good support from the previous breakout zone. Entry above 980 looks decent for a target up to the supply zone.
KSCL Daily chartKSCL daily chart breakout over a TL. looks good for long entry with low-risk high reward. Note Very Good fundamentals stock.
TATA Consumer Breakout and RetestTata consumer has broken out of this triangle pattern and retested the breakout TL. looks good for Positional at this level. SL 636
Concor - Flag PatternBuy Level = 590 - 605
Stop Loss = 580 - 585
Target = 650 +
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
BEML 2 Hr chartBEML could breakout anytime out of this triangle flag pattern. keep in radar for long entry in upcoming sessions.
AdaniEnt breakout. Hourly ChartAdaniEnt had a breakout on Hourly chart. round bottom pattern can be seen here.
spandana swing plan 690 is first if sustain above 700 then 950 spandana swing plan 690 is first if sustain above 700 then 950 is open
Biocon - Breakout of Rectangle PatternBuy Level = 400-405
Stop Loss Level = 395-398
Target 1 = 425
Target 2 = 450
It can fill the gap but please book 50-60% profit at Target 1.
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
Bajaj Auto - Inverse Head and Shoulder PatternBajaj Auto :
Buy Level = Near about 3700 level
Safe Stop Loss = 3600
Aggressive Stop Loss = 3560
Target 1 - 3850
Target 2 - 3900
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
VGuard Weekly resistance BOV-GUARD is breaking out of a long-term resistance (2 years). closing above 260 looks good for entry with short to medium term view. Risk is a little more as the time frame is Weekly. Plan according to your risk appetite.
SBIN "Gap Trading" The major gap which was given created is finally filled and hence a breakaway gap was created and now i am expecting an easy target of 372,
ABFRL D chartABFRL breakout retest and continuation on D time frame. Looks good for long entry with SL below previous swing. For short to term buyers.
TATA CONSUMER PRODUCTS "SWING TRADE"Tata consumer is standing at very crucial support once the ressisrance is broken and sustained we might see an up-move.
BIOCON "Swing Trade"Due to the earnings declaration the prices were hammered, and hence was opened as gapped down,
Reasons For Selecting:-
1.Trendline acting as a support
2.Stock respecting Fibo levels
3.Double bottom pattern
4.Gap Filling.
placing a stop-loss @ 375,
Followed by the Targets 1 & 2
LEMONTREE HOTELS "pennant pattern"Stock has shown good upside momentum and has not been fully recovered after the covid-19 Impact
hence here i see an opportunity and feel like it is ready to shoot up and forming a pennant pattern
For easy targets of 50 to 60.
