ELGIEQUIP
Swing Trade Idea for Elgi Equipment Will consolidate for some time and will go towards the upside. Follow levels and wait for the candle to close for perfect entry. Enter with strict SL always and exit at targets. Don't hold for bigger profits and don't convert a profit into a loss.
Entry: 321
t1: 345
t2: 390
SL: 289
P.S Consult your financial advisor and these are solely my views. I am not responsible for your profits or losses. Follow me for more such ideas and you may look at my previous trades for better insights on my performance.
Triangle breakout pullback and continuationElgie has given breakout from a triangle pattern plus did pullback and continuation.
also given range breakout above 230 level
For Intraday
can buy above 235 for target of 240 , 242
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
For Swing trade
buy above 235 for target of 260
keep stoploss below 218
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.
ELGIE EQUIPMENTELGIE EQUIPMENT
Can go long once the zone breaches
looks good above 201 on closing basis
# note #
candle closing is mandatory for positional entry
ELGIEQUIP: 70 Days of VCP PATTERN FORMATION
NSE:ELGIEQUIP
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
#GREAVESCOT #ENGINEERING #ENGINERSIN #MACHINERY #EQUIPMENT 11%+ Greaves Cotton Ltd
#GREAVESCOT
NSE:GREAVESCOT
CMP: 145.35
Target: 170++
May hold above 170
Stop Loss: 127
Time Frame: Approximately 3 months.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 200 in longer time.
Compare with peers NSE:LICHSGFIN , NSE:DHFL , NSE:IBULHSGFIN , NSE:HDFC , NSE:HUDCO .
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With 💚 from Rachit Sethia
ELGIEQUIP LONGPrice making higher highs and higher lows. There is a strong resistance at 148 and expecting breakout above 170.
Buy at CMP
SL: 148.25
Target: 174
Risk Reward - 3.43:1.
