Balajitele - Range Bound - Range BreakoutNSE:BALAJITELE
BalajiTele
View : Bullish Shortterm - Medium Term - Long term
Structure : Range Bround
Range Breakout: Traders can enter in the direction of a breakout from a trading range.
To confirm the move is valid, Traders can use other indicators as per thier own wish.
Observation:
1. Range Breakout @ 75.00
2. Double / Multiple Bottom
3. Multiple support between 57 -58 indicates Balajitele can break the Upper range.
4. Range broken at 75.00 CMP 77.00 (7th February 12.40)
View:
Buy between 75 - 78
Stop Loss: 69.75 for long term
Target 83 - 89 - 92 - 96 - 95 - 100 + + + +
Double
Nifty - Emerging with Double Bottom Chart PatternHello Everyone,
Let's have a look at the technical chart of Nifty, can you see a double bottom formation on Nifty Charts? Do you think Nifty reversal started form here?
Yes I hope it is perfect double bottom chart pattern and the break out point of double bottom comes at 17470 & we can expect Nifty to reach at 18140 levels and further more.
The contents updated here are only for Educational Purpose.
Double Bottom Breakout1. Double Bottom breakout
2. Buy if sustain above 571 on 4hour chart
3. 200EMA Support on daily chart
4. Volume profile Breakout
5. Pharma Sector Index ALL Time High Breakout
GLAXO #StockMarket #StockIdeas #StocktoWatch #StockToBuyGLAXO Smithkline-- It is one of the oldest pharmaceuticals companies in India.
Operating in Health Care and Pharma Sector.
Recently in News for Covid Vaccine.
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On Monthly CHART BO & also volume coming
Buy & Hold 30% At CMP and add more if Breaks Resistance level of ~1750
Keep SL of 1450 for Short term or 1300 for long term
Keep holding for min 1 year Stock will minimum Double from CMP
Long Positional BET
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Strict SL to be followed in every trade
ESTER #StockMarket #StockToWatch Ester Industry --Polymers and Engineering Plastic compounds making Company.
Peer Company already did well and moved.
Company delivered good profit
Promoters & FII holdings increased recently.
Good number of patents
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good consolidation with volume
After BO retracement did and now ready to move
Buy at CMP for target 160-200 minimum
REFER CHART FOR ENTRY DETAILS
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Stock soon will double
Multibegger potential
Keep for long term
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Strict SL to be maintained in every trade
SOMICONVEY #StockMarket #StockToWatch [POSITIONAL BET]Somi Conveyor Beltings Limited is engaged in manufacturing of conveyor belt.
GOOD LOW BETA STOCK
CONTINUOUSLY IN UPTREND WITH VOLUME
POSITIONAL BET ON THIS STOCK
STOCK WILL DOUBLE FROM ITS CMP
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STRICT SL TO BE FOLLOW IN EVERY TRADE
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AGARIND #StockMarket #StockToWatch [POSITIONAL BET]AGRAWAL INDUSTRIES---> GOOD ROUNDING BOTTOM BO, WITH VOLUMES
GOOD BUSINESS MODEL
STOCK TRADING AT CHEAP PE RATIO
STOCK WILL BE DOUBLE/TRIPLE FROM CMP
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REFER CHART FOR DETAILED LEVELS
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ALWAYS FOLLOW STOPLOSS FOR EVERY TRADE
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THIS IS A POSITIONAL BET
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HPCL rebound from lowsIt is on a verge to a rally unless 219 breaks on the below.
First target is 330 and then 490
Divd yield is 3.72%
Promoter holding 53.5%
Debt/ equity - 0.91
Pledged percentage - 0%
It is a good fundamental pick with comparitively cheap price compared to peers. Technically it is showing a rebound from its lows.
Due to increasing demand of economy recovery there is an expectancy of increase in EPS for further years.
Company is expecting prices to range between USD50-60/bbl in which case they are fine with this oil prices.
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.