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.
Contains IO script
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.
WINDLAS Positional LongDate : 21-07-2024
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BO + Consolidation RESEARCH TO OBSERVE
WINDLAS Looks Good ABOVE 725
SL 490
Target 830, 934, 1039, 1248
Hold Period : Few Months
Reason for Pick : Breakout, Retrace, Consolidation
Please consult your financial advisor before investing
All research for educational purposes only.
GMMPFAUDLR Positional LongDate : 21-07-2024
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BOTTOM PICK RESEARCH TO OBSERVE
GMMPFAUDLR Looks Good ABOVE 1541
SL 1237
Target 1693, 1845, 2148, 2755
Hold Period : Few Months
Reason for Pick : Double Bottom, W Pattern, Taking support at 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
BAJAHLDNG Positional LongDate : 21-07-2024
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BO + Consolidation RESEARCH TO OBSERVE
BAJAHLDNG Looks Good ABOVE 9940
SL 8444
Target 10179, 10419, 10659, 11139, 12098
Hold Period : Few Months
Reason for Pick : Pole & Flag, Consolidating, Above 20, 50, 200 SMA
Please consult your financial advisor before investing
All research for educational purposes only.
MOLDTKPAC Bottom Pick(Longterm)Date : 21-07-2024
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BOTTOM PICK RESEARCH TO OBSERVE(Risky)
MOLDTKPAC Looks Good ABOVE 830(Don't buy below this)
SL 700
Target 855, 920, 972, 1024, 1076, 1128, 1232
Hold Period : Few Months
Reason for Pick : Consolidating, Near 200 SMA, yearly price target is 970
Please consult your financial advisor before investing
All research for educational purposes only.
Weekly Wrap Nifty 50 20th 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, Sell on rise
Critical levels & Traadeplan see the video till the end.
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trade
DEEPAKNITRATE-Long for 20 %on weekly charts
1. ascending triangle pattern
2. bounce from the slope of ascending triangle
3. 3>6>18>50>200 Week EMA while price bouncing from 200 week EMA and closing above 18 week EMA .18 week EMA provides a strong support and can be used SL
4.price closing in 2 year high zone
5.weekly MACD (12-26 ) showing positive momentum
entry - ideal at 2350 to 2320 level
target - 3000
SL - 2300
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.
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.
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.
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.






















