GLOBAL - Weekly Chart Analysis, CMP-345.80Coming out a base and probable VCP. Sustained above the supply/resistance zone for almost 3 weeks now. Quarterly results have been good so far.
It is sailing above all the key moving averages too.
366-310 shall now act as a support and if it manages to weekly close below it and a follow up we see thereafter would invalidate our view.
428 - 508 - 609 are the probable levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Contains IO script
MANAKALUCO - Weekly Chart Analysis, CMP-43.40On a monthly chart the stock broke out of the double bottom pattern and again went into consolidation. This month it is seen breaking out of that consolidation and on good volumes. Monthly close is yet to happen next week, but it is evident enough that it will probably close above the resistance levels. (30-33). It is sailing above all its key moving averages.
Now this zone 30-33 shall act as good support and a weekly close with a follow through will invalidate our view.
49 - 53 - 58 - 62 - 69 - 90 -100 are the levels its can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
MANGCHEFER - Weekly Chart Analysis, CMP-152.75Nice contraction of volumes is see while the stock is consolidating and taking support of 73-90 zone and thereafter sustaining well above 98-104 supply zone too which it failed to earlier.
It is trading above all its key moving averages too.
Well it has broke our of this base and sustained well above it for 2 weeks now.
119-125 shall now act as good support and weekly close with a follow through below these levels will invalidate our view.
169 - 264 - 359 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
RAJSREESUG - Weekly Chart Analysis, CMP-81.80On the monthly timeframe the stock is possibly breaking out of the long term down trend. It is also breaking out in confluence with the resistance 69-76 levels.
Volumes are also on the rise.
On the weekly timeframe we see it sustaining above the down trend line and finally got a close above 76.
Now 69-76 shall act as a support and weekly close with a follow through below it with good volumes shall invalidate our view.
91-103 will be the initial supply zone and we expect a consolidation around these levels and breakout of this levels will also confirm a start of an uptrend on the longer timeframe.
If it sustains above the 103 levels for a few weeks we can expect 201-224 levels to be tested over the long term .
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
RELINFRA - Weekly Chart Analysis, CMP-277On a monthly timeframe (Image attached in the chart for reference) the stock is standing right below the resistance zone(281-352). The long term down trend line seems to be breaking this month.
On the weekly chart stock is making a vcp kinda structure and break out of the last 14week base again on a good volumes. The stock is trading above all its key moving averages too.
238.45 shall now act as an initial support while 201-215 zone is the main support.
On the upside the zone's upper level 352 can be tested in the near future. Which is still a 1:1RR.
If it manages to close above and sustain above it then 474 also can be tested in the long term.
Disclaimer: I am not a SEBI registered analyst. This is not a buy/sell recommendation. It is shared for educational purpose. If you intend to trade this counter then do your own due diligence and trade/invest on your risk.
KAMOPAINTS - Daily Chart Analysis, CMP-217.70As the weekly chart does not have much history to the left, this time we will go with the daily timeframe. The stock is coming out of 23 Week base with a probable VCP(Volume contraction pattern). Volumes went dry since Aug2023 till Nov2023. Good volumes started building up after that while the volumes on the down days were very low as compared to the up volume days. This shows punter's footprints. After breaking out of the probable low cheat zone(178-181) it has sustained above it for almost a two weeks now.
The stock is trading above all its key moving averages too.
A weekly close and follow up there after below 195 would negate our view.
272.50 - 309.90 - 357.50 (as per the trend based fib) are the probable level it can test in the future.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
The Trend day is Coming.Nifty 50 Tradeplan 31st July 2024
First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trend is not clear, Market profile is tight.
Pattern Indicates a Trend day.
Trade plan: 15 Min breakout
for detail levels see the video
Jai Hind.
WALCHANNAG Looks Good ABOVE 303 (Breakout Candidate)Date : 03-07-2024
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BO RESEARCH TO OBSERVE
WALCHANNAG Looks Good ABOVE 303
SL 135
Target 378, 453, 528, 678
Hold few Months / 1 Year
Please consult your financial advisor before investing
All research for educational purposes only.
LALPATHLABS ROUNDING BOTTOM BREAKOUT AFTR-24 MTHS CONSOLIDATIONDr. Lal Pathlabs Ltd. is an interesting chart to keep on radar
1. Breakout of rounding bottom pattern on weekly chart
2. Breakout of 24 months consolidation between 1770 to 2710 zone
3. RSI on all time frames above 60
4. Narrowing Bollinger Bands on monthly chart price moving on upper Bollinger band on monthly chart
Can be a good Risk reward to buy and buy on dips and dips only near breakout zone 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.
IEX ROUNDING BOTTOM BREAKOUT AFTER CONSOLIDATION OF 24 MONTHSIndian Energy Exchange Ltd. an interesting chart to keep on radar with following
1. Rounding Bottom pattern breakout on weekly chart
2. Breakout after a long consolidation of 24 months with rising volume
3. Can be a good risk reward with buy near breakout test zone i.e. 166 as major support exist between 155-170 zone being multiple moving averages support area.
FUNDAMENTALS:
Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 40.3%
Company has been maintaining a healthy dividend payout of 51.7%
CAUTION:
RSI on monthly is struggling to cross above 60, which can cause resistance
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.
SUNPHARMA BULLISH MOMENTUM - ABCD PATTERN AND CHANNEL BREAKOUTSun Pharmaceutical Industries Ltd. is an interesting chart with following
1. RSI on all time frames above 60
2. Narrowing Bollinger Bands on Weekly chart and Price moving on upper Bands on daily charts
3. ABCD pattern under formation on weekly charts
4. Breakout of consolidation channel of 1380-1640 with rising volume.
5. Cluster of moving average supports in 1540-1580 zones
FUNDAMENTALS:
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 23.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 46.6%
Can be a good risk reward to buy on dips and dips only near supports
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.
APOLLO TYRE CONSOLIDATION BREAKOUT WITH ABCD PATTERNApollo Tyres Ltd. is an interesting stock with following
1. RSI on all time frames above 60
2. price breakout from 8 months long channel of 450-529 levels
3. Narrowing Bollinger Bands on weekly chart and price moving near upper Bollinger band on daily chart
4. ABCD pattern under formation on weekly chart
5. 20 SMA support at 532 ; 50 SMA Support at 511; 20 Week SMA at 490 levels 200 DMA at 474 levels. Multiple supports between 474 to 530 zones
6. Stock trading at PE of 19.97 against industry average of 29 and Price to Book value of 2.51 against industry average of 3.26
7. Company has reduced debt.
8. Company has been maintaining a healthy dividend payout of 27.3%
9. Price Gain is supported by higher volume bars visible 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
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.
20 MICRONS BO LongDate : 28-07-2024
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Breakout RESEARCH TO OBSERVE
20 Microns Looks Good AT CMP
SL 145
Target 301, 372, 442
Hold Period : Few Weeks to Months
Reason for Pick : BO, Above 20, 50, 200 SMA, yearly price target is 700
Please consult your financial advisor before investing
All research for educational purposes only.
IMAGICAA BO Ready LongDate : 28-07-2024
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BO RESEARCH TO OBSERVE
IMAGICAA Looks Good ABOVE 83
SL 65
Target 87, 94, 100, 114, 140, 174
Hold Period : Few Weeks to Months
Reason for Pick : Consolidating, Above 200 SMA, yearly price target is 174
Please consult your financial advisor before investing
All research for educational purposes only.
Bears Taking Over? Trade Plan Nifty 50 22nd July 2024First Step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal . (education purpose for all )
Trend is down
Trade plan: Sell on rise.
for detail levels see the video
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade.
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.