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Crucialpoint

CONFIPET ANALYSISDaily charts of CONFIPET. (OPEN THE CHART ABOVE TO UNDERSTAND THIS DESCRIPTION BETTER) Gave a long accumulation for 4 months in 2020 Shot up after a breakout price action Consolidating again in the purple zone This purple zone can act as a Re-accumulation zone (if price breaks from the upper side of the range) or as a distribution zone (if price breaks from the lower range of the zone) Also taking support of the year old trendline (green) LONG trade if breaks from the upper range Entry: Above 65 (must sustain above 65) Targets: 72 (10%), 75 (14.5%), 83 (26%). 92++ Stop loss: 60 TRAIL STOP LOSS FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!! THANKS
NSE:CONFIPETLong
by Keshav2329
1
GUJARAT PIPAVAV PORTS LONGHere is the weekly charts of Gujarat Pipavav Ports. (OPEN CHART FOR DETAILED VIEW) Firstly, a historical crucial zone (117-112) is again in action. The price today crossed this zone but wasn't able to sustain above this 7 year old zone, and came back to the purple area. Here the volumes are very high, THIS MEANS THAT THE STOCK CAN GIVE A GOOD BREAKOUT. Secondly, an inverted head and shoulders kind of pattern can be seen on the weekly charts. This is followed by a breakout of the pattern line. These two major points shows bullishness in stock, but what mat create worry among traders at this point is the non-sustainment of the price above the crucial zone. Hence, this gives us two cases: Risk averse traders are advised to take entry above 122 (sustainment) Risk takers may take entry here LEVELS Entry: Above 122 for risk averse; CMP for Risk takers Target 1: 132 Target 2: 156 Target 3: 172 STOP LOSS: 108 TRAIL STOP LOSS RSI: Shows momentum Volumes: What else do we need MACD: Bullish Risk-Reward Ratio FAVORABLE I would recommend going long on Gujarat Pipavav Ports (with prescribed levels) for a swing trade FOLLOW IF YOU LIKE THE ANALYSIS... LIKE AND COMMENT WHAT YOU THINK ABOUT IT... THANKS!
NSE:GPPLLong
by Keshav2329
3
ITC CrucialLevelsAs We can See on 15Min Time Frame its is showing SymmetricalTriangle type of pattern and RSI aslo Weak ... Making Lower lows and Faced Resistance too long It might me open downside on monday then we can see short side target lets see monady where it goes ...it can go both side and give closing at up or down side then we will see big momuntum... ON Daily Chart its showing H&S Pattern which indicate downtrend .... on monday it can take support from this levels ...wait for 1st half then take trade ... Sell Below-200 only when Give closing below this Buy above-207 or 209 ....
NSE:ITC
by Darshaann