Angel One - good fundamentals and technicalsWeekly Chart
Rounding base and Cup and Handle formation followed by Neckline Breakout
Recently Highest ever volume spikes seen and average volumes increasing
Fundamentals are descent, business with approx. 45% OPM
Recently Angel One received mutual fund licence
Stock outperforming NIFTY based on Comparative RS
MACD, RSI and ADX supporting bullish bias
Trade Execution
Buy above CMP 3292-3150 range
Stop Loss below breakout candle low - 2838 on weekly basis
Target 1 - 3791 ATH
Target 2 - Cup & Handel Pattern Target 4500
Trail with EMA 20 or SuperTrend 10,3 on daily chart
Chart Patterns
MIDCAP100I see MIDACAP100 index very strong. In my opinion it is heading towards previous high.
1. Crossed previous top
2. RSI also showing positive compared to previous high RSI. Infact its above all high since July.
3. FII turning towards buy though in small numbers.
4. Taken a strong support nr 200 DMA
My view might be changed if it closes below 57600.
Skipper Ltd Breakout: Aiming for New Highs with Strong MomentumSkipper Ltd has given a strong breakout above its consolidation zone on the daily chart, supported by rising volumes, indicating bullish momentum. The stock is trading well above its 21 EMA (₹565) and 50 EMA (₹532), confirming an uptrend. A buy can be considered at the current price of ₹622 or on a pullback near ₹610, with a stop-loss at ₹590. The immediate target is ₹650, followed by ₹680. Monitor the breakout for sustainability and align the trade with overall market sentiment.
RVNL Forming Good Patterns. Ready for an upmove?RVNL
At a support level and forming multiple patterns. It offers good RR at this level.
- Double Bottom
-Cup & Handle
-Trendline Breakout.
-Candles were narrow right before a breakout and volumes were dry during the pullback.
Positional SL is 13%, If you are an aggressive player then you can place the SL below 428. Adjust the SL and Targets as per your style/appetite.
520 will be a crucial level. Watch the PA there and decide on booking/further addition or fresh entry.
Please consult with your financial advisor before investing. The chart shared is for educational purposes.
Bajaj-Auto ready for north 1. Nearly 32% down from 52 weeks high .
2. In daily candle closing is up from last 2 day closing making a reversal pattern
3.Daily RSI is upward after consolidation for a long period of time .
4. Weekly candle is showing end of selling wave .
5. According to Fibonacci Bajaj-auto can move to its golden ratio of Fibonacci
Nifty trades and targets for - 9/12/24Hello Everyone. The market was in a bullish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 50 points as we are getting very few trending moves.
Texmaco Infrastructure & Holding Ltd- Breakout Setup, Move is ON#TEXINFRA trading above Resistance of 154
Next Resistance is at 208
Support is at 103
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
XAU/USD continue short Continuing to sell on time H1 and H4, gold's downward price channel is still maintained.
At time M15, there is a small rising price channel, however, the price has broken through the price channel and has a decreasing signal, showing that the sellers are gradually overwhelming.
Bank nifty trades and targets - 9/12/24Hello Everyone. The market was in a bullish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 100 points as we are getting very few trending moves.
XAUUSD GOD WEEKLY BUY PROJECTIONIf demand for the real metal goes up due to economic or political factors, it tends to increase XAUUSD's price too. The same things that impact supply and demand for gold bullion – like market conditions, policies, and shortages/ surpluses – also feed into movements in the gold/ dollar rate
Transport Corporation of India (TCI) - Long Setup, Move is ON...#TCI trading above Resistance of 1198
Next Resistance is at 1666
Support is at 997
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
JUBLFOOD an interesting ABCD pattern under formation Jubilant FoodWorks Ltd. is an interesting stock with following :
1. RSI on all time frames DWM above 60
2. Big anchor Green Candle on daily chart with high volume at weekly close
3. ABCD Pattern under formation on weekly chart
4. Major cluster of supports as under:
20 SMA (daily) 634
50 EMA (daily) 629
20 SMA (Weekly) 634
200 SMA (daily) 584
Lets See How it progresses from here further
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Dixon Technologies - Breakout Setup, Move is ON...#DIXON trading above Resistance of 15840
Next Resistance is at 22101
Support is at 12879
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Goldiam International Ltd - Breakout Setup, Move is ON...#GOLDIAM trading above Resistance of 395
Next Resistance is at 491
Support is at 299
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.