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Anupam Rasayan - Inverse H&S Breakout on Weekly ChartChart patterns are the most loved trading strategy among traders. There are different kind of patterns traded in stock market. One of which is inverse head and shoulder - a trend reversal pattern. Upon formation of this pattern the stock trend get reversed. Generally if the stock is in consolidation phase then this pattern is seen. Now here I have observed inverse head and shoulder pattern formation in one of the chemical manufacturing company in India named Anupam Rasayan India Ltd. On closely observing the chart, I found that the stock is in downtrend since May 2022 after making a high of 1234 and remain in downtrend till Oct 2023. Now the fresh uptrend in the stock is supported by inverted head and shoulder pattern which signifies that the stock can continue the uptrend in coming months. The targets for this stock can be found by projecting the depth of head just after the breakout which comes around 1320. Also the stop loss for this trade can be put at the depth of right shoulder which is around 990. Disclaimer: The stock shared is only for educational purpose and does not hold any buy or sell recommendations.
NSE:ANURASLong
by Vipin_Dixena
SBIN Swing for 30 days**Technical Analysis for State Bank of India (SBIN):** **Stock Symbol:** SBIN **Timeframe:** 1-Day (1D) **Pattern:** Bullish Pennant **Entry Condition:** If the 1-day candle closes above ₹653. **Stop Loss:** Set a stop-loss at ₹631 to manage potential risks. **Target Prices:** 1. First Target: ₹700 2. Second Target: ₹720 **Trade Duration:** Short-term swing trade with an expected target completion within a month. **Disclaimer:** The provided analysis is based on technical indicators and patterns observed in the market. Trading in stocks involves risks, and past performance is not indicative of future results. It is important to conduct thorough research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. The mentioned entry and exit points are suggestions and not guaranteed outcomes. The market is subject to change, and unforeseen events may impact stock prices. The user is solely responsible for their investment decisions.
NSE:SBINLong
by hunterhunt777
Ptc India Limited - Long Setup, Move is ON...#PTC trading above Resistance of 191 Next Resistance is at 289 Support is at 130 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.
NSE:PTCLong
by MandeepSinghKohli
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Ksolves India Ltd - Long Setup, Move is ON...#KSOLVES trading above Resistance of 1338 Next Resistance is at 1840 Support is at 831 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.
NSE:KSOLVESLong
by MandeepSinghKohli
Jyothy Labs Ltd - Long Setup, Move is ON...#JYOTHYLAB trading above Resistance of 503 Next Resistance is at 663 Support is at 343 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.
NSE:JYOTHYLABLong
by MandeepSinghKohli
Gujarat State Fertilizers & Chemical Ltd- Long Setup, Move is ON#GSFC trading above Resistance of 250 Next Resistance is at 387 Support is at 166 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.
NSE:GSFCLong
by MandeepSinghKohli
Rashtriya Chemicals And Fertilizers Ltd - Long Setup, Move is ON#RCF trading above Resistance of 166 Next Resistance is at 256 Support is at 111 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.
NSE:RCFLong
by MandeepSinghKohli
Transformers & Rectifiers (India) - Long Setup, Move is ON...#TRIL trading above Resistance of 221 Next Resistance is at 251 Support is at 159 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.
TLong
by MandeepSinghKohli