POLYCAB - Weekly Channel pattern - Read description carefullyPOLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock.
My thoughts (not a trading recommendation): 2 scenarios -
I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks.
I'd go short if the channel breaks with good volumes and my stop loss will be if the stock comes back into the channel.
Channeltrend
NIFTY MIDCAP 100 CHART STUDYNIFTY MID CAP SPOT CMP 47500
Weekly time frame
Ascending parallel channel structure
Index is trading around resistance zone as per structure trend line
Equivalent measured move done which confluence around resistance zone as per channel
Bearish divergence on RSI with respect to price action.
Fibbo extension of 2.618% done which is the max extension in history of index..
Time to take profit in mid caps and switch to cash.
Caution ahead..
Keep watch.
Bajaj Finance : Free fall on the way ?? Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Rising Channel
📌 Symbol/Asset: BAJFINANCE
🔍 Description: Stock has made Broadening pattern and then not able to cross the resistance.
Now stock is making Rising channel and its near to the resistance.
If resistance is not broken then
We can see fall from 8250-8350 levels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Coforge Bullish channels 📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channels
📌 Symbol/Asset: Coforge
🔍 Description: Stock is making higher high and Lower high.
Stock is in a Rising channel and we can see huge upside withing the channels.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Delta Corp : Exciting Bullish Pattern Alert📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Rising Channel
📌 Symbol/Asset: DELTACORP
🔍 Description: Stock is going up in Rising Channel.
Stock Can take a support around the support or around the Law of Polarity.
We can see huge upside once support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Analysis 1) stock at up trend momentum
2) 96 is the resistance level for the stock
3) this up trend supported by volume
4) volume building like mountains
5) 2022 APR "55-60" this zone act as resistance for the stock
6) after this breakout stock give 68% rally
7) 68% rally with in one months likely 22 sessions
8) same move can accepting from this stock
9) crossing sentimental and main resistance for the stock and must sustain above
10) stock give 25% move from present level
11) no recommendation for buy and sell
SAIL DAILY CHART BREAKOUTSAIL Breakout possible in Daily Chart view.
:: Data Point ::
Breakout Level : @91.50 (If daily close above the price)
Target 1st : @96.00
Target 2nd : @102.00
Stoploss Level : @88.00
Note: SAIL Traded above 200 EMA.
Channel Break happend in 2nd week of Nevember.
Showing Good Volume.
Previous 5 Days Avg. Delivery Percentage 43.86%.
Kotak M Bank ( Looking good 💥) Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - " 1805 ".
Trade carefully untill ENTRY level.
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Entry: 1805
target: 1855 - 1950
sl: 1770 -1760
major stoploss/ support: 1758
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer over old posted idea attached below.
KINGFA SCIENCE is showing some good SIGNS- Company is almost debt free.
- Company has delivered good profit growth of 27.0% CAGR over last 5 years
- Company's median sales growth is 23.0% of last 10 years
Kingfa Science & Technology (India) Limited, a subsidiary company of M/s Kingfa Science & Technology Co. Ltd China, is engaged in the business of manufacturing and supply of high-quality modified plastic compounds for automotive and consumer products and personal protective equipments like masks and gloves.
The Co serves the Indian market, and exports to the USA, South Africa, Thailand, and China.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Parallel Channel
📌 Symbol/Asset: Clean Science & Technology LTD
🔍 Description: Stock is at minor support, best buy region lies near 1315~1320
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Trygin Tech bullish BO of 14 Month long Consolidation A bullish breakout of 14 month long consolidation in NSE:TRIGYN .
Daily & Weekly RSI both are in bullish zone.
One can crete fresh position in NSE:TRIGYN at 122 or below with a stop loss of Rs. 110 for 1st target of Rs. 133 and 2nd Target of Rs. 144
The risk to reward ration is 1:2
Exit the position if the stop loss triggered on DCB.
DO YOU WANT ALL MY RESEARCH FOR FREE THEN DON'T FORGET TO FOLLOW ME.
I AM EAGERLY WAITING FOR YOU COMMENTS ON THE STUDY...
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
28 Aug ’23 Post Mortem on Nifty - critical juncture 19310Nifty Analysis
Contrary to the expectations, today turned out to be a boring day. The open was right at the SR level of 19310, still it was gap up as our prior close was near 19250 levels. Even then the resistance breach did not come then, we had to wait till 11.15 for a 5mts candle above the SR zone.
BankNifty was looking in tremendous form today, we will discuss that separately in the analysis below. Due to this Nifty was also staying afloat, the real breach of resistance came at 12.30 only. And it looked like we may break out from the channel today.
But by 14.05 it became quite clear that we will not have a break-out today. Surprisingly Nifty gave a final close below 19310 which still gives hope to bears.
On the 1hr chart - things are still not clear. There is an overlap of 2 technical patterns.
1. Walling wedge
2. Bearish channel
Most importantly the 19310 support/resistance stands in between. A break in support may cause Nifty to follow the bearish channel. Whereas a breach in resistance will give Nifty breakout momentum as it exits the falling wedge. I wish to go with a neutral stance for tomorrow till we get some clarity.
Ambuja cement to take long entryLong Ambuja above 450 for the target level of 482-500. All important levels have been marked on the charts. The logic behind the trade:
1) Stock price rising from the lower channel. Bullish candles have been seen from the support of the channel.
2)Entry after the BO of 50 EMA level.
3) Support taking from 200 EMA level.
Also, volume & RSI divergence will lead to a High probability that the stock will bounce back.
This is for your educational purpose only.
Channel PatternThe channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining where and when to enter a trade, where to place stop-loss orders, and where to take profits.
Script = BalkrishnaInd
Time Frame = 1 Day
Chart pattern: ChannelA channel is a pattern used in the technical analysis of financial markets that defines the movement of the price of an asset between the upper and lower lines of the pattern (parallel lines). Channels can be bullish, bearish, or sideways.
They are reversal patterns, meaning they indicate a signal for a change in trend.
When it comes to trading them, there are different ways to do so. We can trade within the channel, aiming for the opposite end of the line we are situated on. Alternatively, we can trade the trend change. The trend change can be traded once the channel is broken, either within it or by waiting for the price to break the pattern. This latter option is riskier, but it can lead to greater profits as the trading begins at a point with a higher projected movement. (🇮🇳)
neogen chemicals min 20% return Trend line Trendline is broken and retracement is also completed.
smallcap stocks are going to boom.
long term investment; min 20% return
huge potential is there.
investment ;
if you are intrested in investmet, go for it with proper investment risk,
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. more than that " neogen "is fundamentally good
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.refer our old idea attached below