Community ideas
MAHSEAMLESS- Inverted Head Shoulder buy above 315 in intraday and positional
for positional stoploss - 285 and target1 355
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Tata Steel - Bull flag + Volume expansionKey Highlights:
1. Bullish market structure
2. Volume expansion
3. Trendline breakout
4. Flag & Pole formation
5. Support zone: 1073-1098
6. Target: 1197, 1245, 1352, 1409, 1489.
7. Stop loss: 1070
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Breakout + Retest ( Best Opportunity !! )After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90.
Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can see a good up-move.
This is my analysis, done only for educational purpose only, feel free to share your views/feedback.
BPCL- Ascending Triangle Pattern Breakout?NIfty50 stock BPCL formed Ascending triangle pattern.
You can see Rising lower trend line having ascending Higher Lows and a Flat upper trend line acting as resistance line.
I have marked A and B point, to calculate the target.
Price at A point = 252
Price at B point = 478.65
Formula to calculate the target is
Target = (Price difference between A & B) + Price at point B
Price difference between A & B = 478.65 - 252 = 226.65
Target = 226.65 + 478.65 = 705.30
So we can have our positional target near 705.30
This is my personal view about BPCL. Take it as educational purpose. I am not sebi registered or any Stock market expert. I am not responsible for profit or loss.
NBCC - Bottomed OutLong weekly down trend appears to have bottomed out with a surge in volumes forming a "Cup" pattern.
Thereafter, slight retracement from marked yellow resistance zone confirms formation of the "Handle" to the "Cup".
Breakout of the Cup & Handle is indicative of a Bullish Reversal, which could push up towards the next resistance zone.
NFA. DYOR.
Coal India - Turning Around It has been observed on a weekly chart that the price action is forming a bullish "Inverse Head n Shoulder Pattern" indicating buyers coming back in the stock and shall turnaround stock to upside in coming weeks.
It is providing a good investment opportunity with holding time of 6m-1year.
T1- 250 SL 130
Watchout for Support Breakdown - Head & Shoulder FormationAll analysis has been given on charts itself.
The stock has been bouncing from the same levels several times, hence the stock may bounce from there again. Hence Trades must be taken only below suggested levels of 1315 i.e Confirmation Level.
Feel free to share your feedback and queries.
SPARC: Stormy wave 3 ?After long term correction, stock has given a breakout of a long term downtrend line & restested as well. On observation we can find an inverse Head and Shoulder pattern. The prices has given a breakout above the neckline of the inverted H&S with strong volume on weekly chart.
On the perspective of wave analysis, we can clearly count the up move from the bottoms to the necklines a full impulse 1-2-3-4-5 as wave- (i) and the right shoulder correction as a wave -(ii). The Breakout above the neckline (wave-(i) should be considered as the starting of the wave-(iii).
One should buy the stock on current levels & add on dips till the neckline level. Maintaining a stop loss of 160 one should one should remain invested and look for the measured target for inverse H&S as 330 and wave-iii minimum target guideline as 345. holding these levels in future , stock will likely to move upwards for the targets of 450 area.
INVESTMENT STRATEGY:
Buy on cmp : add on dips, SL: 160 tgt: 330-345 /400/450
IRCTC Ascending triangle in the making.IRCTC is taking support at rising trend line multiple times.
Ascending triangle is clearly visible. This pattern gives smooth move on upside.
Similarly Descending triangle gives smooth move in downside.
Currently IRCTC is moving in narrow range ( marked by dotted line ) either side break.
If it breaks on downside that will mark a lower high and new Lower low will be there, this will make stock bearish.
at each arrow marked low will be the targets.
If it breaks on high side it will touch the upper resistance marked, eventually we can expect a strong move on upside.
My take is as the stock is in continuous uptrend on longer charts. I can take the smaller risk now, or can enter with small quantity ( 1/3 or 1/2 ) depending of the risk appetite.
Stop loss is not even 15 %
Therefore for long term view or positional traders can go long keeping in mind the risk involved
When it crosses range on upside it will move more 60 70 rs away from stop loss, there by increasing the risk.
Plan well and trade accordingly.
Tip: Whenever you see any pattern forming always convert your drawings from candlesticks to line chart. This will give you an edge in the trade.
Not a recommendation, do your analysis & then enter.
SBI Analysis - Not for Intraday.For Buying
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Buy Above 374.. But not advisable for Buy..
Cannot to see any buying pressure.
Even Symmetric Triangle breakout happen in upper side, there is lot of resistance.. price will difficult to move upside.
For Sell
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Sell Below when the trend line breakout..
if the price tested the trend line again & if breaks this will test 323 and 308
