Saregama - An Investment OpportunitySaregama is under the long consolidation zone. Breakout can be observed in the stock above R2 (Mentioned in the Chart ).
Time to invest in a fundamentally good company.
Disclaimer- This is not a piece of investment advice. Please do consult your financial advisor before investing
Consolidation-breakout
swing trade idearunning above 50 and 200 DMA
big green candle after ascending consolidation exactly over 50 DMA
RSI giving conformation for buying side
Tremendous Breakout in Maithan Alloys !!!!Maithan alloys has given a breakout from a strong consolidation of 7 months,
also we can consider it as breakout a cup also because it hasn't achieved the target of
the cup it has formed till now, but could achieve in recent times .
Strong bull run in this stock is visible which was at halt for time being but now
resumed the uptrend again.
medium term weekly strong breakout fact- Now CIPLA is 4 digits stock
multi time frame breakout daily as well as weekly breakout
strong breakout with engulfing bullish candle
Question is ...
how we can trade this breakout?
we can enter with 20% quantity at this level & keep on tracking
whenever price come for retest breakout level and creating bullish sign we can enter remain quantity.
If this breakout fail to sustain then we will take small loss.
Maithan Alloys Breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Either sell on initial stop loss hit or when closes below weekly supertrend
After a Quarterly Sales and Profit growth of 107% and 441% and TTM Sales and Profit growth of 74% and 215%, NSE:MAITHANALL has given a breakout with high volumes after a long consolidation since Aug'21. It's a buy with a stoploss at Rs.1138.
Cipla Breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Either sell on initial stop loss hit or when closes below weekly supertrend
After a TTM Sales and Profit growth of 11.5% and 15% respectively and after receiving an approval from the Subject Expert Committee (“SEC”) of the Central Drugs Standard Control Organization (“CDSCO”) to conduct local trials on anti Covid-19 pill Paxlovid, NSE:CIPLA has given a breakout with higher than average volume. The breakout came after a long consolidation since Jun'21. It's a buy with a stop loss at Rs.979.
Only for study purposeEverything shown in chart entry, SL and TGT's .
What we want as a buyer ... Strong grreen candle and high volume...
Both are there ...
But the thing is didn broke resistance level if it breaks then go with SL of 20% and tgt of 100% ..
Godd risk reward ratio.. (1:5)
Wait For breakout or buy on CMP ....
AFTER LONG CONSOLIDATION OF PRICE AND GREEN CANDLE ALSO SEEM'S LIKE BREAKOUT .... .
Will take off after breakout....
ESTER |Ready for Next Leap of 50% after 10 Month Consolidation NSE:ESTER
10 Month Long Consolidation in range of 125-150 since April 2021.
Double Bottom (Bullish Pattern) at 50% Fibonacci Retracement of previous swing high.
Taking Support on 50Week SMA & Bouncing Back. Long Wicks Formation means Sellers unable to bring the stock down.
Accumulate b/w 136 - 120 as Stock will gain more strength above 140
Targets : 162 - 180 - 200 - 232
SL : 110
Golden Cross Over
Positive RSI Divergence in Weekly
Monthly RSI >60
bharat road network ltdshare name : bharat road network ltd
call type : poistional
- share is forming a range after a good a fall
- a good consolidation can be seen for the level
of 40.40 and 26.45
- we can accumulate this share above 40.40
after a good candle closing with sl of 35
- approchable targets 53, 80 ++
Sacheta Metals Ltd. Sector: Aluminum : BreckoutSacheta Metals Ltd at present is one of the major manufacturers & exporters of Aluminum Utensils in India. They have also started manufacturing of stainless steel cutlery items in various design. Sacheta brand is well known & accepted in the market. The product range of the company includes Aluminium Products in Various Sizes & Designs Like: Aluminum.
CMP : 37.30.
Target 1 : 50
Target 2 : 69
Target 3 : 87
Reasons to Buy: Major manufacturers & exporters of Aluminum. Which is always high level cost. Also breakout on consolidation phase.
Important Note: The content Provided in our ideas only educational purposes. Please do not consider this as a financial Advise. You must consult with your financial advisor before Investing.
GODREJAGRO shows signs of reversalGODREJAGRO: shows signs of reversal from current levels, as it was consolidating since last 45 days (33 sessions) at 50% Fibonacci retracement levels on monthly charts, and now at trendline breakout on weekly and daily charts as RSI gaining good strength from 18 to 60 within consolidation zone. Also being an agricultural entity, it will be in focus due to upcoming budget event.
Buy near 550-555
keep stoploss below 535
Targets at 585, 620
And for positional trade it can give targets of 660.