METROPOLIS - Bullish Consolidation BreakoutNSE: METROPOLIS is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Consolidation-breakout
Mahindra & Mahindra Finance - Bullish Consolidation with VolumesNSE: M_MFIN is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
FINEORG - Bullish Consolidation BreakoutNSE: FINEORG is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Consolidation Over for DONEAR1. 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 Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one-day price drop
After a consolidation of nearly 8 months NSE:DONEAR is showing signs of a new up move, buy with a stop at ₹100.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
GMMPfaudler- Big move on the cards?GMMPfaudler was on my watchlist from past couple of months because of its beautiful consolidation after a fall.
Recently, the company has announced good Q1 results due to which a breakout was seen in the stock. It was followed by some profit booking.
On friday, the stock gave a gap down opening due to news(GMM selling stake in the stock) followed by a huge buying momentum.
It seems like the gap down was a SL hunting move for the breakout buyers.
The chart is looking very strong at CMP for minimum target of 1750 and 1970. SL can be below 1400 DCB which is a strong demand zone.
However, since its a news based stock, the risk associated is higher.
Please note that I am sharing this idea only for educational purposes.
One can study and observe the chart as it could be a very beautiful example of how a big move is always preceded by SL hunting.
GIPCL will it finally break its consolidation GIPCL has been consolidating in a price range of 105-70 for almost 2 years now. Right now the price is nicely stabilizing near the supply range which is getting supported by good volume it looks like the supply is getting absorbed now and its ready to finally breach the resistance. Stop loss can be placed @ 90. This is a positional pick.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
EIH Bullish Bias 40% Upside PossibleSoon to be a blockbuster Stock
Consolidation was happening and the moment it went down from 200day EMA it pulled back
The Steam is still pending
Anchored VWAP also indicating a stop loss of 185s
Aim to buy when the stock pauses
It has a typical behavior of pausing after an upmove
Flag Pattern Potential 35 to 40% upside
Huge breakout in Morganite crucible.Hello Smart traders Hope you are doing exceptionally well in you Trading journey.
This time we will discuss about another beautiful breakout stock Morganite Crucible (India) Ltd.
Technical-
Morganite Crucible (India) Ltd has shown a rectangle channel pattern breakout. It spent six years in a consolidating phase. During this time, it consistently tested its resistance level, moving back to its strong support. Recently, it retested its resistance once again, undergoing a pullback. However, this time, it found support at its pivot point, resulting in a significant bullish candle that broke through the resistance with strong momentum and higher volume. We can anticipate a higher returns as consolidation phase was really long.
Entry and Stop-loss level.
Currently, the stock is trading above the trend line and maintaining its bullish trend. If this upward movement continues and remains above the line, particularly beyond the R2 level at 1246, it could be a favorable time to consider investing in this stock. To manage risk, setting a stop loss just below the R1 level, around 1130, is recommended.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
Prince Pipes Turning Around1. 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 Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a long consolidation NSE:PRINCEPIPE is showing signs of upward movement, buy with a stop at ₹620.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
KIRLOSKAR OIL Trendline Break1. 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 Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a mild pullback NSE:KIRLOSENG is trying to resume its uptrend, one can buy the share with a stop at ₹386.50
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
TECH MAHINDRA | BREAKOUT🚀🚀🚀SWING TRADE OPPORTUNITY
Stock has corrected last year by approx 50% from its high, and then consolidating from last year. Stock clearly gives breakout of this consolidation to give some good upward move.
It is constantly taking supports from moving averages.
Note: All IT stocks like infosys, TCS, etc seem to be giving new breakouts, looks like new uptrend has just started in this sector.
BERGER PAINTS | Breakdown Or FakeoutAfter a good upside rally as can be seen in the chart, 'Berger Paints' went into a consolidation phase.
today it has broken the consolidation zone and also has changed the trend in the smaller time frame.
Now we can keep it on the radar for the coming days so we can see if this is a breakdown which is more likely to happen or a fakeout to trap sellers.
both side opportunities can be grabbed this week.
Keep in the watchlist.
Seshasayee Paper ready for upmove1. 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 Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
NSE:SESHAPAPER has given a breakout today with high volume. It's a buy with a stop at ₹269.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
Nifty AnalysisIn this assessment I will try to answer a few questions:
1️⃣where is the market trading?
It is trading near its all-time high 18887.60
2️⃣How it is behaving near this resistance?
🚩It reacted sharply from near the resistance level but took support near a previous swing low of 18670.
🚩Then it rallied even much sharper back to the resistance and this time the reactions have been not that strong.
🚩It seems consolidating/absorbing whatever supply is left near the highs.
3️⃣Is there any pattern or range that can be traded?
🚩Yes, there is a triangle pattern formation as shown in the chart. It is probably best to buy near the lower edge and wait for an up move.
🚩There could also be a range formation in which market can oscillate for a while. This range is between 18780 (an important support-resistance level) and 18875-18900.
4️⃣Is there any chance of massive crack from all-time highs?
🚩At this point of time I don’t see any indication of a fall. As I said that the reactions are getting smaller, and price is hugging the resistance zone. There are higher chances of a breakout in the direction of primary trend on the weekly timeframe (see chart on the right).
5️⃣What should be the trailing SL to protect gains in the market?
🚩The swing low of 18660 could be a good stop loss to protect or lock the gains (if any) in the markets.
Do like🚀 share 🔊 or comment 📃 for more such ideas in future.
Disclaimer: The views shared above are not a trading or investment advice. You need to apply your due diligence before investing your capital.
GESHIP - SWING TO SHORT TERM ENTRYGESHIP
* Perfect Cup N Handle pattern Breakout
* Best to enter near around 715-720 in retracement
Financial trend
Operating Profit To Interest (Q)
Highest at 11.03 times
Roce (HY)
Highest at 20.80 %
Debt-Equity Ratio (HY)
Lowest at 0.36 times
Pbdit (Q)
Highest at Rs 847.04 cr.
Operating Profit To Net Sales (Q)
Highest at 58.18%
Pbt Less Oi (Q)
Highest at Rs 602.76 cr.
Pat (Q)
At Rs 721.94 cr has Grown at 41.4 %
A Cash And Cash Equivalents (HV)
Highest at Rs 3,799.35 cr
1 Net sales (Q)
Highest at Rs 1,455.98 Cr