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Consolidation

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.
NSE:MAITHANALLLong
by akashbothra
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.
NSE:CIPLALong
by akashbothra
Nifty Today: “Take a Break” - 16 Feb’22 
Nifty View: Flat close for the Nifty index in today's trading session - at a close of 17,317, the index lost just 43 points on a day on the basis. We see this as a sign of consolidation, especially after the recent wild price oscillation. It was good to notice that the Nifty and BankNifty indices reacted today from our anticipated resistance zones. Also, from now on towards tomorrow's trading session, it is very likely that the index will face selling pressure, and a break below today's low can infuse fresh selling. The underlying trend is still down, so trade cautiously, especially if you are long-biased. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
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
NSE:ESTERLong
by manuvsingh
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.
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by vahabsheikh
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