Chartoftheweek
Breakout of the Decade by RIILReliance Industrial Infrastructure Ltd ( NSE:RIIL ) already given a very big breakout after 12-13 years. Make long position for next 4-5 year. The minimum target after this type of breakout is 8 times to 12 times . Use Trailing stop-loss and add quantity if you are in the winning side of the trade.
Sit and ride on this horse it will take you to heaven.
SHALIMAR PAINTS looking very strong on charts#Chartoftheweek
SHALIMAR PAINTS looking strong on charts
Could be a good buy candidate for this week if sustain above 120
Keep eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Chart of the Week (15/05/2021)Chambal Fertilisers is Chart of the Week this time and the stock has given a very good breakout. Keep Stop Loss at Rs.245 and go long in this counter. The whole agro industry is doing well and I expect the effects of that will be positively felt in Chambal Fertilisers as well.
Excel industries looking very strongExcel industries charts looking very strong for short term
Range breakout after almost 2 years consolidation
Sustaining above 1050 can take it more upside
View negative below closing of 975 only
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Chart of the Week (10/04/2021)This week we have an amazing Chart in the form of Gujarat Alkali. Keep Stop Loss at Rs.380 and all successive targets are marked on the chart. Gujarat Alkali is a chemical company and it deals primarily in Basic Commodity Chemicals rather than Specialty Chemicals. Thus, the business is cyclical and we must exit on technical basis rather than getting stuck in this one for ages.
Chart of the Week (20/03/2021)This week's chart of the week is JSW Steel which is trading at All Time High. The Stop Loss is the resistance line that has been cut and the targets can be trailed as the stock moves up. The stock is in uncharted territories and can go the distance if the metal rally continues.
Chart of the Week (13/03/2021)Dr. LalPath Labs is our chart of the week. The chart is pretty self explanatory and the trendline is clearly visible in this line chart. According to me this is an investment grade stock and can be even part of your portfolios. This rate looks like a good place to add position.
Chart of the Week (13/02/2021)This week we will cover Vinati Organics as it had a very clear breakout on weekly levels. The chart is self explanatory and the company is definitely an investment grade company. Stop loss will be the downward sloping resistance line that the stock has broken which is currently around Rs.1360
Chart of the Week (06/02/2021)BHEL is our chart of the week and it has given a good breakout above Rs. 42.45 (which is also our Stop Loss). The stock should show good long term target (3 years) of Rs. 190, otherwise one can follow the trendlines as targets that I have drawn on the chart for shorter time frame. But it is prudent to trade on confirmation and hence I would wait for Monday/Tuesday's closing to see if these levels actually hold.
Advanced Enzymes | Chart of the Week 09-01-2021Advanced enzymes has formed a wonderful triangle pattern and as soon as it comes out of its pattern on the upper side, the stock should rally towards Rs.445, but it should only be bought post breakout and not before that. Also Stop Loss can be the resistance line of the triangle once that is taken out. Once the stock rises, make 50EMA as your Stop Loss as it is acting as a brilliant support for the stock.
Head & Shoulder in SGX NiftyAs per the chart, SGX Nifty is showing a Head & Shoulder Pattern on its hourly charts.
Breakout is awaited.
Once a valid Breakout comes above the level of 13800, we may see SGX Nifty go to the levels of 14000 - 14100.
As of now one can keep it on his radar, and wait for the breakout to enter into the trade.
Coal India Falling Wedge BreakoutCoal India has given upside break out to a falling wedge on weekly charts.
One can do buy and hold trade for a few months.
The upside is likely to continue till 177, however the price levels of 153 - 156 may prove to be an obstacle.
One should be cautious at that time.
Probable Cup FormationCadila Healthcare looks positive on charts.
A probable cup formation can be seen. Brkout awaited.
Trade as per price action.