NIFTY MEDIA- PIC PERFECT BAT PATTERN ON WEEKLY CHART Nifty Media is an interesting index chart with following
1. RSI above 55 on all time frames i.e. DWM
2. Index consolidating between 1600-2500 zone since 2021
3. Narrowing Bollinger Bands on weekly chart
4. Price trading near upper Bollinger Bands
5. After completion of Cypher Pattern on weekly chart Index now forming BAT pattern on weekly chart with price above 20 Week SMA
Lets See how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Contains IO script
NETWORK 18 TURNING BULLISH WITH WEEKLY ABCD & SUPERTREND BUYNetwork 18 Media & Investments Ltd. is an interesting chart with following
1. RSI on all time frames almost at or above 60 (DWM)
2. Price Gaining Momentum with rising volumes
3. After a long consolidation of price between 77-95 zone since March 2024, Price made a breakout from the range last week with volume
4. Super trend on weekly turned positive
5. Narrowing Bollinger Bands on weekly chart and price walking on upper band
6. Cluster of moving averages support in 85-89 zone 20, 50, 100, 200 day simple averages fall within this zone
7. ABCD Pattern under formation on weekly chart
Can be a Good Risk reward to buy on dips and dips only
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Range Breakout in SILGO (+ Potential 20%)1. Rounded Bottom
2. Price is near 52 Week high and shows strength
3. About to break the range
4. Weak hands have been removed
5. Price is slowing down
6. Volumes have diminished
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in EPIGRAL
BUY TODAY SELL TOMORROW for 5%
daily high delta short orders point short with daily level in the footprint chart and short delta at this point was the highest and sellers will try to depend this level. point to scalp if not swing back to 48200. i consider the red daily trend retest. high RR
AWL : CYPER PATTERN - CLUSTER SUPPORTS -EIFFEL TOWER VOLUMEAdani Wilmar Ltd. is an interesting chart with following
1. RSI on daily and weekly above 60
2. Price Consolidating between 285- 390 for almost last 8-9 months
3. Price trading above 14, 50, 64, 100, Day SMA and Above 20,50 Week SMA
4. Cluster of Averages support at 340-342-346-350 zones
5. Super Trend turned bullish on weekly chart
6. Cyper pattern under formation on Weekly chart.
7. Price gain with huge Eiffel Tower like Volume Bars.
Can be a good risk reward with buy on dips and dips near cluster of support and / or above 400 levels once price breaks out of consolidation channel and retests the same as per one's own risk reward setup
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Swing trade idea for 20 to 25 % gainhere the swing trade idea for new traders to learn swing trade. how to trade breakout trades ? explained fully here. #swingtrade #nifty50
RAMCOCEM PERFECT BAT UNDER FORMATION WEEKLY CHARTRAMCO CEMENT
1. Weekly Bat Pattern under formation
2. Price Taking Support at 20 SMA (Daily and Weekly) 804-807 levels respectively
3. Narrowing Bollinger Bands on daily and weekly charts with Price constantly sustaining above middle band
4. Double Bottom visible on Weekly charts
5. Can be a low risk bet to buy on dips and dips with stop loss below 20 Week SMA
Lets See How It evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
PVR INOX A PICTURE PERFECT BAT PATTERN UNDER FORMATION ON WEEKLYPVR INOX is forming BAT pattern on weekly chart
its double bottom
Price taking Support at 20 Week SMA i.e. 1394 so can be a good Risk reward to buy on dips and dips only as per one's own risk rewards
Lets see how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
H1 peak, retracement short to 52kthis is a short within the trend now and is a retracement short to 52k and if follow and structure doesnt change we hit that 48200. small risk trade.
BataIndia looking good to buyPrice bounce back from weekly supply zone , looking good to buy at @cmp
First Safe Target 1434. T2/1565
NYKAA(FSN E-Commerce) A PIC. PERFECT DARVAS BOXES BREAKOUT FSN E-Commerce Ventures Ltd. is an interesting chart with following
1. RSI on daily and weekly above 60
2. Price consolidating in picture perfect "DARVAS BOXES" on weekly chart
3. It consolidated in first box from jan-2023 to nov 2023 and
4. Then consolidated in second box from Nov-23 to July 2023
5. Made Breakout from Second Box with high volume
6. ABCD pattern under formation on weekly chart
7. Narrowing Bollinger Bands on weekly chart
Fundamentally Working capital cycle of company has improved from 81 days to 56-57 days
Can be a good risk reward option with buy on dips and dips only with support near 175-182 zone
Lets see How it evolves from here further
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
kokuyo camlin- An interesting Price breakout with volume ABCD Kokuyo Camlin Ltd. is an interesting chart in momentum
1. RSI on all time frames above 60
2. ABCD pattern under formation on weekly chart
3. Price Breakout after almost 3 month's consolidation
4. Breakout with high volume on weekly close basis
Can be a good risk reward with buy on dips and dips only as per one's own risk reward
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Dr reddy bullish tgt 6700-6880-6950 28/04/24Dr reddy tool Support at major Support level of 5860 and bounced back
Volume rising
ABCD Pattern under formation on weekly chart
SL below 5800
lets see how these evolve
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
GABRIEL TGT 450-466 SUPPORT NEAR 358-366
Gabriel India Ltd. is an interesting chart with following
1. Price Rise with huge volume
2. RSI on all time frames above 60 (DWM)
3. Better Risk Reward with 20 SMA (daily and Weekly) Support near 358- 365 zone
4. immediate resistance 450-466 zone
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
LARSEN TURBO DOUBLE TOP TGT 3350-3240 04.05.2024Larsen & Toubro Ltd. seems to be an interesting bearish chart with following
1. Inverse Head and Shoulder kind pattern on daily chart
2. RSI on daily crossed below 40
3. Price Crossed below 20 SMA on Weekly chart
4. Negative RSI divergence on weekly chart with price making new highs and RSI making lower highs
5. Can be a good risk reward for short with stop loss above 20 SMA daily and for a TGT of 3350 - 3240
Lets see how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
IRCON INTERNATIONA TGT 330-360 SL - 229-210 ZONE Ircon International Ltd. is an interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Stock Strongly outperforming Benchmark index and sectoral index
3. Both SRS and ARS above zero
4. Close within 52 Week High Zone
5. Stock making higher highs for last 3 consecutive trading days
6. Higher Trader and Delivery quantity this week
7. ABCD pattern under formation on weekly chart
8. Narrowing Bollinger Bands on weekly chart
9. Price walking on upper Bollinger Bands on daily charts
Can be a Good Buy on dips and dips only as Major Support is at 229-243 zone where as next resistance above 275 can be 331 - 364 zone
Lets See How it evovles
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
SUNPHARMA -TGT 1640-1694-1710-1764 SL BELOW 1480 Sun Pharmaceutical Industries Ltd. is an interesting chart with following
FUNDAMENTALS
Company is almost debt free.
Company has delivered good profit growth of 26.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 56.0%
Technical
1. RSI on weekly and monthly time frame above 60
2. Price Taking Support at 20 Week SMA
3. ABCD Pattern under formation on Weekly chart
4. Narrowing Bollinger Bands on Daily chart and Price taking support at middle Band
5.Both ARS and SRS above zero
Caution : Pharma stocks are subject to Global risks
Can be a good risk reward with buy on dips with Support near 1484-1490 zone and resistance near 1640 (52 week High) -1694- 1710-1763 levels
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
TVS MOTORS TGT 2314-2383-2480 SUPPORT AT 2025-2070 ZONETVS Motor Company Ltd. is another interesting chart with following
1. RSI on all time frames (DWM) above 60
2. Both SRS and ARS above zero
3. Price took support at 20 Week SMA
4. Narrowing Bollinger Bands on weekly chart
5. Price walking on upper Bollinger Bands on daily chart.
6. ABCD Pattern under formation on weekly chart
Can be a good risk reward with buy on dips and dips only with stop loss below 20 SMA for near term resistance at 52 week high 2314 levels and
further at 2383-2480 levels
Fundamental:
Company has reduced debt.
Company has delivered good profit growth of 19.0% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 21.3%
Lets see how it evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
ULRTACEMCO BULLISH - TGT 10500-10730 SL 9780Ultratech Cement Ltd. is an interesting chart with following
1. RSI on all time frames DWM above 60
2. Price Crossed above 20 W SMA
3. Narrowing Bollinger Bands on weekly chart
4. ABCD Pattern under formation on weekly chart
5. Both ARS and SRS above zero
Can be a good risk reward with buy on dips and dips only with major support at 9780- 9830 zone and next resistance at 10500 levels
Lets See How it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
RELIANCE BULLISH TGT 3080-3170-3250 SL 2880 Reliance Industries Ltd. is an interesting chart with following
1. RSI on D/W/M above 60
2. ABCD Pattern under formation on weekly chart
3. Price crossed above 20 Week SMA during the week
Can be a Good risk reward with buy on dips and dips as major support exist at 2870-2880 zone being daily and weekly 20 SMA support
Lets see how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
DIVISLAB LONG TGT 4460 SL 3700 (Divi's Laboratories Ltd. is an interesting chart with following
1. Reverse Head & Shoulder Pattern on weekly chart
2. Narrowing Bollinger Bands on Weekly chart and Price walking on upper Bollinger Band
3. ABCD Pattern under formation on weekly chart
4. RSI on daily and Weekly time frame above 60
5. High Trade and Delivery quantity
6. Stock outperforming both on sectoral and benchmark index on 1week and 3 month time frame
7. Both ARS and SRS above zero
can be a good buy on dips and dips only with SL below 3700 levels and for immediate resistance near 4460 levels
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
