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BEPL- interesting consolidation breakout on monthly chartsBhansali Engineering Polymers Ltd. an interesting chart and a long term consolidation breakout 1. Stock breaking out of long term consolidation zone i.e. on monthly chart and crossed its all time high resistance zone of 2017 i.e. 122-124 levels. (which can act as strong support now) 2. RSI on all time frames (DWM) above 60 3. Company is almost Debt free 4. Company has a good return on equity (ROE) track record: 3 Years ROE 23.4% and Company has been maintaining a healthy dividend payout of 92.4% Can be good risk reward to buy near support or 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.
NSE:BEPLLong
by rajivrajeev
Bitcoin cash good rising pattern from the bottomSimple breakouts price action seen in Bitcoin cash. It has lot of potential. Treadline breakout is already done in day timeframe. Retesting it and booooom…. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Long
by ashishhc
5
TCS Bullish - Three White Soldiers on weekly chartTata Consultancy Services Ltd. is an interesting chart with following 1. RSI on all time frames (DWM) above 60 2. Price formed a Huge Green Anchor Candle with high volume on daily chart 3. Three White Soldiers pattern on weekly chart 4. ABCD pattern on weekly chart Can be a good buy on dips and dips only with major support near 3800- 3900 zone being 50 -200 SMA zone CAUTION : Stock is trading at 16.7 times it's book value, but it's PE is 31.81 against industrial average PE of 32.98 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.
NSE:TCSLong
by rajivrajeev
ITC LTD BULLISH WITH CONVERGENCE OF SMA SUPPORT NEAR 430ITC Ltd. is an interesting chart to keep on radar and buy on dips with following 1. RSI on all time frames i.e. Daily / weekly/ Monthly above 60 2. Convergence of Moving Averages i.e. 20 day SMA =432 50 day SMA= 433 100 day SMA = 425 200 day SMA = 430.50 Making it a case of Strong strong price support at 425-435 levels. 3. Price Making higher highs for last 3 days 4. Price Close above both last week and last month's high 5. ABCD pattern under formation on weekly chart Fundamentally : Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 27.5% Company has been maintaining a healthy dividend payout of 92.4% Can be a very better Risk reward to buy on dips and dips only with SL below Moving Average Convergence zone i.e. 420-425 CAUTION: MINOR RESISTANCE NEAR 460-465 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.
NSE:ITCLong
by rajivrajeev
OBEROI REALTY NEGATIVE RSI DIVERGENCE CAUTION LOW VOLUMEOberoi Realty Ltd. is an interesting chart to keep on radar with following 1. NEGATIVE RSI Divergence on weekly chart 2. Price Trading below 20 day SMA on daily chart 3. Price crossed below 50 DAY SMA on daily time frame 4. RSI on daily crossed below 40 and on weekly crossed below 60 and 100 day RSI SMA 5. Price formed THREE BLACK CROWS Bearish Pattern on weekly chart 6. Price walking near lower Bollinger bands on daily chart. 7. Fundamentally company is trading at 4.46 times its book value and has low return on equity of 13.6 % over last 3 years CAUTION : falling price is followed by low volume and can be a profit booking exercise so it is better to sell on rise near resistance or as per one's own risk reward matrix with strict stop losses. 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.
NSE:OBEROIRLTYShort
by rajivrajeev
ABCAPITAL NEGATIVE RSI DIVERGENCE Aditya Birla Capital Ltd. is an interesting chart with bearish formations: 1. RSI on daily chart crossed below 40 2. RSI on weekly chart crossed below not only 60 but also below 100 SMA on RSI 3. Negative Divergence on RSI on weekly chart 4. Price formed Three Black Crows candle stick pattern on weekly chart 5. Price crossed below 50 Day Moving Average. 6. Double top like pattern under formation on weekly charts NEXT Major Support at 213 and 200 levels i.e. 100 day and 200 day Moving Averages. CAUTION : Fall in price is followed by lower volumes and may be because of profit booking before an event. so better look for sell near resistance i.e. 240-250 zone and as per one's own risk reward with strict stop losses. 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 have some with my own Risk Reward matrix.
NSE:ABCAPITALShort
by rajivrajeev
BANK BARODA NEGATIVE RSI DIVERGENCE Bank Of Baroda is an interesting chart forming bearish set up with following 1. Negative RSI Divergence on weekly chart 2. RSI crossed below 40 on daily chart 3. Price crossed below 20 Week (100 Day) Moving average 4. Price never crossed above the high of huge RED ANCHOR candle formed on 04-06-2024 and is constantly facing resistance near high of the anchor candle and has formed resistance in area of 270-285 zone CAUTION : Price is approaching near 200 day moving average at 245 levels which will act as major support and if price slips below 245 , more downside cannot be ruled out. Keep on radar and Better sell on rise near resistance as per one's own risk reward. Fundamentally : Following Risks and negative points are visible Company has low interest coverage ratio. Company has a low return on equity of 13.9% over last 3 years. Contingent liabilities of Rs.6,40,763 Cr. Where as stock is trading at just 1.08 times its book value 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 have some with my own Risk Reward matrix.
NSE:BANKBARODAShort
by rajivrajeev