RITES LTD - Swing Trade Analysis - 13th July #stocksRITES LTD (1W TF) - Swing Trade Analysis given on 13th July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
Darvasbox
IRCTC, Formation of Darvas Box in the Compression Zone.According to the degree and nature of separation in bands the price is in the compression zone. Also a Darvas Box is formed in this zone. Wait for the breakout or breakdown of the box. Currently there is no trend in the price.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Accumalate this stock before it flies!Praj industries has been consolidating in a Darvas box since past 2 years. The stock is a major palyer in ethanol industry which is used an alternative to petrol in automobile.
The stock is looking strong for a breakout of this consolidation which would be a monthly closing above 440.
Accumalate this stock on dips. Best buy zone is 380-400.
This idea is for investment perspective only.
SBI Card, Technical Outlook 21MayThe degree and nature of separation in both bands indicates the start of a downtrend.
But the price has been trapped in the Darvas Box. So the breakdown of the box confirms the downtrend. And a short trade with a R/R - 1/3 can be planned with a stop loss of 724 if breakdown happens with momentum.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
GRSE - Darvas BoxAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting charts.
Disc - Am not a SEBI registered analyst. Please do your own analyses before taking position. Details provided on chart is only for educational purposes and not a trading recommendation
DO NOT MISS THIS PRE BREAKOUT TRADE!We have seen in past how consolidation breakouts always give rocket moves.
One such pre breakout consolidation trade is NALCO
If this stock manages to sustain above 140, we will enter mad bull run in this stock.
It is always safe to enter before breakout since we get an option to partially book and trail SL post breakout.
Levels mentioned on chart. I hope you all can get to ride this share with me if this breaks out.
Nifty PSU Bank Index | Review and LevelsRSI = 50, Darvas Box formed at 23.60% retracement level of Fibonacci.
The index could be volatile in the range of 6840 to 7300.
The constituents could experience high volatility in the coming week.
A fresh trend is formed above the level of 7300.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
VBL Varun Beverages Expecting 30-40% by End of this Year.Varun Beverages Limited is an Indian multinational company that manufactures, bottles and distributes beverages. It is the largest bottling company of PepsiCo's beverages in the world outside the United States and the largest in the AMESA sector.
Promotors Have 62.9%
March 2024 Net Profit: 548 cr
Technical side: Darvas Box Theory
Targets: 1844/2037/ 2206
Duration: 6-8 Months
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
BATAINDIA Breakout of Darvas boxNSE:BATAINDIA 1W TIME FRAME
1. Trading at a support line at ₹1358.00. The stock is experiencing accumulating buying interest and is expected to bounce back up. The stock price is currently resting on this support level.
2. Darvas Box: A rectangle on the chart created by drawing horizontal lines at the highs and lows of a trading range. The idea is that the stock price will eventually break out of the box in either direction.
3. In May 2021, the stock initiated an upward move from 1350 to 2000, then retraced back to support. Starting from where the last journey began in March 2023, the stock once again saw an upward trajectory. It later retraced back to support. Now, mirroring previous patterns, it's establishing a base. In April 2024, sellers attempted to push the price down, but they were unsuccessful. This failure indicates high accumulation or buying interest, suggesting a potential upswing. If the stock consolidates near resistance and forms a base, we may anticipate further upward movement.
It is important to conduct your own research before investing in any stock.
Few Examples of Darvas Box For better understanding
Darvas Box Bigger the bigger the potential of upswing
Ex 1 .
Ex 2 .
Ex 3 .
These are examples for better understanding about the Darwas box.
2 year rounding bottom breakout + retest in Dixon Tech.Background:
With a massive ~8x post covid rally, Stock gave highest closing of 5753 and entered a long consolidation beginning Oct'21.
Strong Breakout (With reasoning):
With 2 years of consolidation and making a rounding bottom, the stock finally broke out and closed at 5951 on 1 Dec 23 along with good volume buildup. Post breakout, it consolidated again making a high of 6670 (sign of a healthy breakout).
Now, with breakout of this range, dixon is ready for a massive rally of ~56% being the gap between the low of round bottom and resistance.
Entry, Stop Loss and Target (With rationale):
1) With the stop loss at 6300 (low of Breakout candle), first target comes at 7600 (Being 2:1 risk reward)
2) 2nd Target at 8500 (1.6 level of fibonacci)
3) 3rd one, 9300 final target.
HFCL-An investing stock for open targets!HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable . (Source:-Screener)
With growing 5G and Gigafiber demands, HFCL has a big future ahead and chart suggests the same. Stock had given 20 year consolidation breakout back in 2021 but since then, stock formed a flag for 2 years which further would have frustrated its old investors.
However, last couple of months have been phenomenal for the investors as stock finally managed to break the flag and given weekly closing above the psychological resistance of 100.
Definitely a long term buy for investing at dips(till 80) with monthly support near 65.
Republic Day Special Positional Scrip - Forbes & Company Ltd Forbes & Company Ltd-
Technically tight setup. Price coming out from a Dravas Box pattern. With improvements in fundamentals. Managable debt. Into Engineering, Real Estate & Technosystems. Expecting good upside in this scrip.
Stoploss - 660
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
BREAKOUT IN NICAL 📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF MIDHANI :-
•Breakout of symetrical pattern on DTF with strong candle
•Break counter trend line
•Volume increases last few days high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
HFCL's Journey: A Visual Exploration with Darvas BoxIntroduction:
Let's dive into the world of NSE:HFCL , a stock on a wild ride for the past 2.5 years. We'll uncover the story and see if there's a chance for a smart trade.
Past Analysis:
HFCL has remained in a range for the past 931 days or 133 weeks, indicating a prolonged consolidation phase.
Current Market Snapshot:
As of now, HFCL is priced at 84.6, a bit away from its 52-week high of 94.65. The recent surge in volume, particularly in the previous month's close, adds an intriguing layer to our analysis. HFCL is approximately 10.61% away from its yearly peak. What does this mean? Stick around to find out!
Darvas Box Unveiled:
Picture a magical box that helps traders pick winning stocks. That's the Darvas Box! We'll break down this strategy and explore why stocks near their yearly highs, like HFCL (10.61% away from its 52-week high), grab our attention. Is something special happening? Let's find out!
Risk Management 101:
It's not all sunshine and rainbows in the stock market. That's where risk management comes in. We'll chat about keeping your investments safe with stop-loss tricks, diversification, and other smart moves. Stay tuned for our tips on handling HFCL.
Conclusion:
In a nutshell, HFCL has a story to tell. We've looked at its history, explored the Darvas Box, and learned how to protect our trades. Exciting times ahead? It's up to you!
Disclaimer:
Before you jump in, remember this is a learning journey, not financial advice. We're here to explore and share knowledge, not predict the future. Do your own research, talk to the experts, and make decisions that fit your financial journey. Happy trading! 🚀
Some signs of bottoming in Mahindra Logistics!Mahindra logistics is a stock which is showing strong technical signals of a bottoming with a major breakout of a range.
The level of 450 has proved strong resistance in past. Stock has broken it with volumes recently and is now retesting the breakout zone.
RSI positive divergence is clearly visible in chart. Levels mentioned in chart are crucial.
If stock sustains above 450 for couple of weeks, it will be clear signs of bottoming.
This stock is a clear avoid for me as the company does not have strong fundamentals as of today. Any investor who is stuck in the stock from higher levels can think of averaging.
BREAKOUT IN MIDHANI 📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF MIDHANI :-
•Breakout of symetrical pattern on WTF with strong candle
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
BREAKOUT IN DLINK📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF DLINK :-
•Breakout of symetrical pattern on dTF with strong candle
•Break counter trend line and
•Volume increases last few days high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
BREAKOUT IN IOB 📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF Shakti pumps :-
•Breakout of DARVAS BOX pattern on DTF
•Break counter trend line
•Volume Build-up Near breakout zone
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips