Steelxind had earlier given a channel breakout on 1D timeframe with higher volumes. It started consolidation after breakout and is now attempting to breakout from a falling wedge pattern on 1D timeframe. Go long after bullish closing confirmation. Follow stop loss rules.
Trend: As expected, last week was very eventful with wild volatile moves. Nifty has given a very strong ATH weekly closing near 23300 by forming a hammer candle(hanging man) in weekly time frame. It means that bulls have crushed & empowered bears completely. Next week should be However, the exit polls seemed to be a perfect bull trap and the crash was a bear trap....
Fundamentally good stock, Good for 2-3 weeks holding. For short term investment in cash market'. Leave a " Like If you agree ". 👍 . . Entry: 76 target: 79 - 88 - 112 sl: 68 major stoploss / support: 63 . Enter only after breaking & close above " Yellow box" mentioned. Or else wait for some time. ' ' Don't make complicated trade set-up.📈📉 Keep it " simple,...
SIKA - Good breakout observed in the daily timeframe with nice price action. The company has robust sales, profits and growth potential. I see an immediate upside potential of 9% and more.
BATA INDIA has fallen 40% from highs !! Stock has always given correction around 40 to 45% in past Right now 40% correction is done and if stock fallen more 5% from hereon then support is coming around 1220-1260 levels. Stock has broken its medium term support which was working from 2019 But stock is also making falling channel and it is working properly....
METROPOLIS | Channel Pattern Breakout Chart Analysis 1) Channel Pattern Breakout after 6 months consolidation 2) Good support from EMAs
#Idfcfirst bank Cash -Positional for 6 months 08.04.2024 Looks good above 85.10 Add more above 90 Tgt 120/150 Stoploss 72
IFBIND 1) Time Frame - Weekly. 2) The Stock has been consolidating in a downtrend channel since 2021 & Now It has given a 3 years Downtrend breakout with huge volume & strong bullish candle close in weekly. 3) The next target / resistance would be its previous life time high (1546.95 - 24.5% from the current price 1241.95). 4) Recommendation - Strong Buy
#Relinfra cash -Positional call 01.March 2024 Stock is trading at lower end of channel at 220-223 Continuesly making high lows & Trading in channel .... Strong support at 188-190 for long term investors Cmp 220-223
Technical Analysis for Federal Bank: Stock Name: Federal Bank Chart Pattern: Breakout of channel Trade Duration: Swing trade for 1 month Entry: Buy on current market price (CMP) at ₹164.7 Stop Loss: ₹10 Target: ₹20 Volume: Huge volumes and good closing on Friday
ABCAPITAL - Breakout in Daily timeframe with volume build-up. The company has been doing very well fundamentally and has very good upside potential.
1. Trend - Bullish 2. Strength - Very strong 3. Pattern - Bullish Channel pattern 4. Break of channel of the upside, that may lead to stronger momentum
Jubilant Food is making falling wedge and now given the breakout. After breakout prices are correcting. But we can make a huge position because it's multi year breakout We can clearly see prices halt there. Now from hereon we can see 650 levels and 800 levels in months to come !! Buy on Dips !!
KPITTECH 1) Time Frame - Daily. 2) The Stock has been in a consolidation since (November, 2023). It has given a breakout & Closed at its All time high with strong bullish momentum in Daily time frame. 3) Good bullish momentum NIFTY IT Index. 4) Recommendation - Strong Buy
The stock has broken a 5.5 year downtrend with massive volumes. Buy at 28.35 for a long term target of 247
Jubilant Foodwork has given a channel breakout and also formed Cup & Handle Pattern. #Current Price - 545 #Expected Target - 651 #Resistance Based Targets - Target 1 - 557 - Target 2 - 586 - Target 3 - 625 - Target 4 - 651 #Support Based Targets (Can be used as Stoploss) - Target 1 - 505 (For low risk tradders) - Target 2 - 480.5 (For risk taking...
Nifty Analysis - Stance Bearish ⬇️ Recap from yesterday “We would like to give one more opportunity for Nifty to hold its ground. We would start the day tomorrow with a neutral bias and wait for Nifty to fall below 21913 to go bearish.” 4mts chart Not only did Nifty50 open 360pts gap-down, but it broke the 21913 support. This was the laxman rekha for us below...
RCF gave a monthly breakout in December 2023 after trading within the same range for 15 years. The company has decent fundamentals, with the Government of India owning a majority of 75%.