Get started

Consolidation

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.
BSE:SACHEMT
by vahabsheikh
1
Axis Bank at good levels for investmentSimple box breakout awaited. ( blue box ) Stock is consolidating since a year from Jan 21. Axis bank is currently is the strongest of the large cap banks, Bank nifty index corrected around 7 % since the 12 Jan 22 compared to it Axis bank corrected 8.5%. Interesting par is Axis bank has reached the price as on 12 Jan 22 today compared to bank nifty which is still 1200 points away form the 12 Jan 22 levels. To conclude Axis Bank is showing strength compared to index. Today Axis bank closed above 12 Jan 22 highs. As soon as the price reached the lower level of ( blue box ) volumes jumped significantly and price moved in narrow range (Yellow box). This show market makers/big hands have entered the stock. There is also a double bottom visible on lower time frames. Check Chart below. Most importantly the stock is just below the life highs. Once it breaks out of the consolidation, it will be in the blue sky territory. This will be new high by the stocks after 3 years. Overall can be a good bet for longterm form the current levels.
NSE:AXISBANKLong
by varadtambolkar
After consolidation, there's a crazy move today! 3rd expiry Crazy movement will happen right after a consolidation in the way the market behaves. But this kind of movement is the nightmare of an option seller like me. The movement is led by the globe clue. Let's see how the 18000-19950 range acts above 18350. We know the import level to watch. Looking at the chart, there is a gap it filled now and will try to bounce back if that is being strong enough. 18000 will not be B.K this week. Let's see how it is going to end up this week. I am coming to my weekly option selling position. I have a deep pain in 17950 PE. I keep holding it and on the CE side, I have made profit of 18650 and 18600. currently holding 18500CE. I hope I can exit with 1% this week if the nifty won't B.K. 18000. If that happens, I will exit with a 1% loss.
NSE:NIFTY
by Manuadarsh
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.
NSE:GODREJAGROLong
by MIRACLE2128
1