HIMADARI, HSCL 103, has respected all weekly moving average and support of 80 range. HSCL ready for 140 to 160 range in medium term.
Invalid below 80 levels on weekly closing basis. Use big dips here
Buy Engineers india ltd, EIL 98, for 125 and 200 in medium to long term. Highest weekly volumes in last 20years showing signs of big movement likely to happen. Invalid below 75 on weekly closing basis. All PSU stocks are getting re rated and now EIL getting ready for turnaround for bigger returns
BBTC (W), 1009 is looking good to breakout from weekly consolidation channel. BBTC just crossing 200 wema at 1025. Target 1250 to 1380 in medium term. Buy above 1030 is better. Invalid below 875 on weekly closing basis. Big weekly breakout with volumes happening.
Time frame - Daily
Study -
-- Good consolidation after ATH touch
-- Breaking out Fresh above 1482
-- SL -1400, TGT - 1600-1640 zone may be done
This chart is only for educational purpose, do your own study before taking any trades
Key Points:
- Breakout from very Long period consolidation zone
- RSI > 70 and Crossed RSI MA
- All EMA crossed and good potential of up-move
- Resistance Level breakout
- Portfolio component
In Gujarati “ Bhav is Bhagwan ”
Disclaimer :
I am not a SEBI registered Analyst.
Please do your own Analysis before taking any trade/investment.
The above view is just...
Touchwood Entertainment Ltd is engaged in Event Management business offering services across the globe.
Now stock Flag and Pool pattern Breakout and upmove started.
BUY - KNR CONSTRUCTIONS
CMP - Rs. 253
Target - 1: Rs. 326
Target - 2: Rs. 510
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Technicals - 1) Flat Base
2) Stock is in consolidation, has 2 major supports, and is likely to hold the current one, given the supply and demand.
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In the above chart, the price action goes like this.
1) 50-60% Fibo retracement zone - Stock after a substantial fall getting lots and lots of demand from this zone
2) Its fibo retracement - Used from a swing low to swing High
3) Its called a counter trendline - stock currently getting demand on the extended CT, as a result of breakout and bigger time frame...
This IT service provider may breakout of big accumulation phase!
NSE:DATAMATICS
• Datamatics Global Services is a provider of IT, BPO, and consulting services, and has demonstrated strong profitability and efficiency.
• The company's current stock price is below its intrinsic value, making it a potentially attractive investment opportunity.
• The stock is not...
CIGNITITEC has been forming an inverted head and shoulder pattern from last 1.5 years and is currently near breakout of the neckline.
It can give a good upside move if a strong weekly closing above 639 levels is seen.
Idea shared just for educational purpose.
I found that large volume is coming in $MINA and also the chart pattern and trend shows bullish consolidation and a soon breakout.
Although market is in downtrend it would be bit risky to trade, still I would advice you to take minimal risk and invest a very small capital with tight RR if
you are willing to trade.
Entry @ 0.920
Exit @ 1.150
SL @ 0.800
Another very simple technical analysis which works wonders in the markets.
We have heard of BREAKOUTS. It could be upside or downside. It could be a breakout of any zone, consolidation, range, trendline, any indicator or anything. The Important thing is that a breakout BREAKS OFF an Important Level in the market. There can be many indications when there can be a...
$JASMY managed to break from consolidation above first demand zone and now I am expecting it will rise above the second demand zone as well.
If happens we can expect a rally up to 0.012 where it will face local resistance.
Entry @ 0.0075
First TP @ 0.0089
Second TP @ 0.012
SL @ 0.0063
