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Double Bottom

Sudarshan Chemicals - 3yr Rounding Bottom breakout retestThe stock broke out of a 3yr rounding bottom on very high volume. Subsequently it came back to test the breakout zone, made a double bottom and consolidated for 8 weeks. Now it seems to have broken out of the consolidation, and looks ready to fly. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) BUY GUIDANCE: Never ever buy before 3PM. I have been burnt many many times. Try to buy between 3:15 - 3:30PM, later the better. SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: I reserve the right to be wrong. DISCLAIMER: I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:SUDARSCHEMLong
by raavigeorgian
HCL TECH - Trade Setup (Monday)The stock is in consolidation phase, where a swing trade setup is been spotted on the daily chart. The price action firstly made a double bottom on the previous support indicating buyers strong hold on that price range, indicative of buyers buying at support again to swing the prices up. Hence providing a low risk swing trade setup on daily chart. T1- 950 I SL - 920 I Duration: 1-3 days T2 - 970 SL - It may vary depending on the correction once T1 is achieved T3 - 990 I SL - It may vary depending on the correction that will happen once T2 is achieved HCL Future Trading: 1 Lot - 700 Margin - 1.5 Lac T1 - Profit 14K (10%) SL - Loss 7K (5%)
NSE:HCLTECHLong
by NeeteshJain
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