Daily Bullish Flag Breakout in CSB BANKHi,
NSE:CSBBANK has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and monthly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario I am expecting that the bullish momentum will continue.
Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Dailychart
TATA Chem - MomentumThis Chemical stock has been in consolidation for a while. It seems that the consolidation is about to end and there are signs of a rally on technical indicators. On daily charts there is a crossover of moving averages and RSI is also bullish. Buy this stock at 1033 for a target of 1200 and stop loss of 935 in a short to medium term.
SKFINDIA - SWING TRADE - 19th December #stocksSKFINDIA (1D TF)
Swing Trade Analysis given on 19th December, 2023 (Tuesday)
Pattern: FALLING WEDGE
- Volume Spike Buildup Near Trendline - Done ✓
- Breakout Candle - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #skfindia
Hindustan UniliverThis FMCG Alpha is looking good for a short run. On daily charts there is a rounding bottom formation. While on technical Indicator front 20 DEMA is crossing above 200 DEMA and RSI is trending bullish, which shows strength in the stock. Buy at 2608 with a targets of 2730 and Stop Loss of 2450.
RIL - a conditional buyThis Index giant is showing signs of breaking a channel. On daily chart, it has formed a rounding bottom. Whereas on technical indicator, RSI shows bullish trend for a medium term momentum. Any breakout above 2580 could bring further rally in the stock. Buy this stock if it sustains above 2580 on daily closing basis with at target of 2800 and a stop loss of 2445
CENTURYTEX - Potential Swing Trade opportunity - Daily TimeframePotential swing trade opportunity in CENTURYTEX - Daily timeframe. There is a potential upside of up to 16% in this next leg of swing within the pattern.
Bajaj FinanceThe stock is slowly gaining positive momentum on the daily & Weekly charts. It has formed the double bottom on daily charts. RSI is in bullish trend on daily and weekly charts. On moving average front 20 DEMA has crossover 100 DEMA. One can made trade at CMP with SL 7200 and Target 8000.
SONA BLWThis Auto Ancillary Stock has been beaten up enough. On the Technical Indicator RSI for Daily, Weekly and Monthly chart is gaining strength. However, care should be taken cause any correction in stock could take a deep dive. One can take a risky bet for a Target of Rs. 620 and above which could rally upto Rs. 700. A very strict Stop Loss to be kept at Rs. 550 and an entry price of Rs. 577.
M&M Fin - Ready for an up-moveM&M is showing indications of breakout on Daily charts. A moving average crossover is seen on daily charts, with 20 DEMA crossing above 200 DEMA showing indications of potential up-move in short run. Further, MACD has crossed the zero line showing strength for the up-move. One can enter the trade at 286 with a Stop Loss of 270. Target for short run will be 300 and closing above 300 could lead a short rally to 320-330
KOTAKBANK - Cup & HandleKotak Bank is in a Rectangle Channel on Weekly Charts, while on Daily chart a potential Cup & Handle formation is seen. With 20 DEMA crossing 200 DEMA making a positive crossover. There could be a possible breakout of Cup & Handle pattern breakout in near sessions. Buy @ 1850 with a Stop loss of 1687 for the short term target of 2075.
Daily Bullish Flag Pattern BO in ELECON ENGGIntroduction:
Elecon Engineering Company Ltd. was established in the year 1951 as The Pioneers in the manufacturing of Industrial Geared motors and Reducers, Material Handling Equipment, Mining equipment, casting processes etc. Elecon is one of the largest manufacturers of Industrial Gears in Asia and Material Handling Equipments.
The expertise in the successful production of custom gearboxes for steel mills, high-speed turbines, naval aircraft carriers, and many growth sector industries is increased by Elecon's acquisition of Benzlers- Radicon Group from David Brown Gear Systems in 2010.
A unit of Elecon Engineering Company Ltd. which is also the 3rd largest Material Handling solutions company in the country along with in-house design, manufacturing, fabrication, component manufacturing, and support system in a Vertically Integrated Model.
First in India to manufacture sophisticated equipment for bulk Material Handling and a product range that caters to almost every Industrial sector in India.
Analysis
A Bullish Flag and Pole pattern is visible on the Daily chart of $NSE:ELECON.The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip near Rs. 936-956 levels with the stoploss of Rs. 885.15 on Daily closing basis for the following targets 970.15, 989.65,1012.35 1035.45 1060.10 1081.95 1101.85 and 1123.95
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
PAISALO daily looking bullishPAISALO daily has flag and pole breakout/trendline breakout with 200 ema support on daily candle. Good to buy at 64 with sl of 60 for target of 77.
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
MARICO MARICO :- On the daily time frame, the stock has tried to give a breakout by hitting the multiple time resistance, if we get a breakout, we may see an upside moment.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
UFLEX Daily looking bullishUFLEX daily looking bullish, it has trendline breakout with 200 ema support on daily candle. Good to buy at 478 for target of 688 with sl below 387
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.
TAKE Daily looking bullishTAKE Daily looking bullish, it has trendline breakout/ inverted head and shoulder breakout with 200 ema support on daily candle. Good to buy at 23.60 for target of 38.20 with sl below 18.25
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This is purely for training and educational purposes. We shall not be responsible for your profit or loss.
The stocks discussed or recommended here, may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position.






















