RAYALSEEMA - Potential W Pattern - Good Above 560Sector Tailwind, hence the stock is expected to re-bound. While Smart Money Entered between 515 to 600 with great volumes.
The Price Fall is not supported with Volumes. Currently the candle rebounded near trend line.
Tip : One Can Enter with Low Qty till 560 Rs, there after top up with a SL of 515.
VIEW INVALID BELOW 515
All Potential Targets and Stop Loss plotted on the Chart
Community ideas
Jamna Auto Industries: Breakout of the Year 🚀Greetings traders! 👋
Today, I'm excited to share my analysis on Jamna Auto Industries #JAMNAAUTO has broken its previous high with significant volume, indicating a potential breakout. This breakout with volume setup suggests strong momentum and presents a compelling swing and positional trading opportunity. Our analysis includes thorough volume analysis, multiple timeframe analysis, and momentum indicator support, pointing towards a bullish trend continuation.
Don't miss out on this breakout opportunity in Jamna Auto Industries!
- Remember to conduct your own analysis and implement proper risk management strategies. Thanks!
Havells ATH break 2x possible?Havells made strong marubozu on weekly scale and looks ready for next move.
Will look for entry points on pullbacks with stop usually in 6-7% or worst 10% at 1413 below which must exit.
Don't trade in FnO based on this analysis it can go wrong
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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Breakout of The Year Tata Steel LimitedHi friends sharing a view on Tata steel where i observed a horizontal trendline breakout of ascending triangle on weekly timeframe and it seems a good opportunity to go long in this stock where Tata steel relentless climbing continues as it achieves a milestone with a weekly breakout to an all time high and bulls rejoice as price defies the expectations of bears and scaling new heights with this significant breakout of 2.5 years old resistance.
So now we will talk about technical points which i observed as we can see price is moving in ascending channel since a long time where first took resistance from upper trendline of resistance in 2017 and after taken same resistance from that trendline in the year of 2021 but this time was way higher from previous top and now price breached that top of which it made in 2021 where it got rejected from rising trendline, And in this duration price formed an ascending triangle pattern after the previous all time high and the swing bottom which it made after that all time high. Used Super trend indicator with default settings for more confirmations of this breakout which provided by Trading View and for this thank you very much for them.
Target Upside-: So mates we can see that once again price will touch that upper trendline after this breakout which will be near about to 200 to 205 levels, One pattern based target identified too in which i measured triangle height which is nearly about 75% so we can see a more 75% upside from the breakout levels.
Support-: So now 138 levels seems a good support area where two big swing rejections are there this time can work as support on weekly closing basis.
Breakout Retest-: Well a retest is a good confirmation of breakout and often gives sustainability and strength to breakout so for this idea 148-145 i will consider as a breakout retest zone friends and personally breakout retest entries are my favorite strategy and for this trade i would like to the same.
This publication is meant for only learning purpose, it is not any kind of trading advice.
Best Regards- Amit (Do boost my publication if you really like it mates)
“Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
Only one indicator is enough to trade.Yes. ! Super trend.
If we know how and where to use this indicator, you are sure about getting very good trade.
It ensures
1. Low risk
2. High returns and at times real big trend
So how to use it?
1. Prefer larger time frame to avoid noise. I use weekly.
2. Once super trend is green wait for pullback towards super-trend.
3. When supertrend acts as support/resistance and price reverses from nr super trend make entry. (I would wait for break of earlier week high nr super trend)
4. SL is close below super trend. (weekly close for weekly chart)
5. Try to exit far from super-trend to book profit. (Target around 15% possible on weekly)
Opposite is true for shorting in down trend....!
All these charts are from Nifty50 stocks
Note: I am re-publishing this post as earlier post was on Nestleindia which got split and chart is not getting updated.
Will Indexes scale to Higher levels ??Nifty has given a breakout from a 2 month consolidation and moved towards 22450 levels.
Now it seems tht on a shorter time frame it will retrace and take support at 22250-22280 levels to create a base for the next upward journey.
Bank Nifty have given a strong close at 47300 level. A close above 47350 level will open doors for 48000-48200 level above which will open doors for 49200-49600 levels in nifty
HUL: At lower end of the channel
- We are looking at Channel trade potential
- Stock has been trading in a sideways channel since July 2022
- currently trading above 21 day EMA (2419) and below 63 day EMA ( 2469)
- momentum may come in once closing is above 2470 odd levels
Rest levels are mentioned in the chart itself
Take care
Bank Nifty (Neowave Update)NSE:BANKNIFTY
I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas.
Thank you
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Degree full forms-
L1 stand for Long term wave 1 and so on
M1 stand for Medium term wave 1 and so on
S1 stand for short term wave 1 and so on
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Key Points-
Stoploss- 44780
This needs to break for the confirmation of downside.
Support level- 45661
Use this as a stoploss for buying position
Target1 - 47200, Target-2 48800
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Probablities-
# we are in up cycles now, which is in sync with SC series.
So we will see bulllish ((i)) , ((ii)) and so on count.
#There is always comes a word "but" which says follow risk managment.
But Scenerios
Incase 1 support level is hit, Than stoploss also hit mean cycles is change.
Incase 2 if support level is hit and stoploss is not, than SC4 is still going
changes of case 1 is more in case of breaking of support level.
Thank You
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Medium Term Forecast
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Havells India LtdHavells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence.
The company owns and operates 5 brands i.e. Havells, Crabtree, Lloyd, Standard and REO functioning in different product segments.
Fundamentally very strong company.
Divedend giving Stock.
Promoter holding is good and no promoter pledged.
Good ROCE & ROE.
Debt is less than Reserves.
Darvas Box is marked as Skyblue shaded rectangle area.
Price consolidated in this darvas Box for 2 to 3 Years.
Darvas Box upper Resistance Breakout along with Huge volume.
Breakout trade above Green Horizontal line.
Target is marked as red horizontal line.
Stoploss is marked as orange horizontal line.
Price already bounced from 100 EMA on Weekly chart.
all Price bounce from 100 EMA on weekly chart are marked with Stars.
Rest all levels are marked on the chart.
Breakout trade:-
Buy above 1500
Stoploss 1400
Target 1775 - 2500
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Bhageria : VCP Breakout#Bhageria #VCPbreakout #momentumtrade #swingtrade
Bhageria Industries : VCP breakout
>> bottomed out stock
>> Breakout with Volume
>> Good Strength & volumes
>> Low Risk High Reward Trade
Swing traders ca lock profit at 10% and keep trailing
Please give a Boost or comment if u r Liking the analysis & Learning from it. Keep showing ur Love by following
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
BANKNIFTY : Expected levels of inflectionHere are the three levels or points of inflection I'm monitoring for potential entry opportunities in BANKBEES ETF. I will assess the macro and microeconomic factors that could contribute to a price decline towards these levels before considering an entry.
Feel free to share your thoughts and analysis under this post.
Previous posts regarding position and analysis on BANKBEES are attached underneath. Do check them out too.
BFUTILITIE Breakout With Volume Setup 🚀Hey traders! 👋 Today, I'm sharing my analysis on BFUTILITIE, which is showing a breakout setup with strong volume. Here's a breakdown of the setup:
📈 Setup: Breakout With Volume
🔍 Analysis: I've conducted a thorough analysis on multiple timeframes, confirming the breakout setup.
📊 Indicator Support: Momentum indicators are showing support for the bullish momentum.
🔍 Keyword: Good volume, multiple timeframe analysis done, momentum indicator support, etc.
Keep an eye on BFUTILITIE for potential upside momentum! Remember to conduct your own analysis and manage risk accordingly.
#BFUTILITIE #BreakoutSetup #VolumeAnalysis #TechnicalAnalysis #TradingView #StockMarket 🚀
Professional Analysis By ShreeKrishnaHope you will listen it completely , act accordingly when time comes for booking of profits
Make sure you are in the market by growing sector wise ,
Keep calm on some Negative news which may deter the rally due to political agendas
if you have any Questions then ask me
Thanks
ASTRAL | BEAUTIFUL POLE + FLAG! | RR-1:3A strong pole & a flag consolidation is formed on Astral. Price hovering around the flag resistance indicates a breakout is highly probable. Price consolidating in All time High territory, so no resistance to the upside.
Disclaimer: This is NOT a trade recommendation but only my analysis. Please do your own research before trading.
Nifty Lifetime High, 36 years of bull rally coming to a halt ?In this video we discuss the possibilities of nifty on the yearly, monthly and daily scale. Utilizing time cycles and Elliot wave. We also utilize basic Price action and Market structure to determine the same.
The Video explanation was cut short due to how extensive the entire concept can get.