Saregama-A breakout to have in watchlist!Saregama has been consolidating in an ascending triangle flag pattern since past 3 years after giving multibagger returns from 2020.
Stock is getting ready for a breakout. If stock gives weekly closing above 360, stock can move quickly towards 500 and them to 750.
Nifty media has been underperforming and this stock can fly once Media sector starts its bull run.
Flagformation
Bullish Flag Breakout in SJVNIntroduction:
SJVN Limited, a Mini Ratna, Category-I and Schedule –‘A’ CPSE under administrative control of Ministry of Power, Govt. of India, was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP). SJVN is now a listed Company having shareholders pattern of 55.00% with Govt. of India, 26.85% with Govt. of Himachal Pradesh and rest of 18.15% with Public. The present paid up capital and authorized capital of SJVN is Rs. 3,929.80 Crore and Rs. 7,000 Crore respectively. The Net Worth as on 31.03.2023 is Rs.13821.97 Crore.
Analysis
A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:SJVN
The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip near Rs.78-81 levels with the stoploss of Rs. 70 on weekly closing basis for the following targets 85.15, 89.25, 96.05, 100.15,
105.65,111.50 and 116
Risk Disclaimer:
The trading ideas and analyses presented here are for educational purposes only and do not constitute financial advice. Trading and investing in financial markets involve risk. You should carefully consider your own financial situation, risk tolerance, and investment objectives before making any investment decisions.
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.
Trading and investing carry the risk of substantial losses, and past performance is not indicative of future results. Always be aware that markets can be unpredictable, and prices may move against your trade or investment.
It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions. You should only invest funds that you can afford to lose.
I am not responsible for any trades or investments made based on the information presented in this analysis. By reading and using this information, you acknowledge and accept that you are solely responsible for any losses you may incur.
Short Term Swing trading idea in Enginners India for 20% upsideHi,
NSE:ENGINERSIN has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Daily Bullish Flag breakout for in Hikal Ltd for 10% upsideHi,
NSE:HIKAL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and weekly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
UNO Minda : Momentum Trade Ideas#unominda #swingtrade #momntumtrade #patterntrading #flagpattern #trendingsetup
Uno Minda : Momentum Trade
>> Flag Breakout move
>> Trending setup
>> Momentum Stock
>> Low Risk High Reward Trade
Start Trailing tightly after 8% move or Book Partial Profits
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.
Bharti Airtel - Bullish Flag PatternBullish Flag chart pattern formed in Bharti Airtel and breakout above 1129 confirm that price will up to 1400 target as per measurement rule.
While Robert Kiyosaki and other said that in march 2024 there will be big crash, so keep away from noise and focused on chart and market structure. If chart turned negative we will definitely exit.
Escorts - Positional Long OpportunityFor the last 3 months, the stock has been trading in a range that is forming a downward parallel channel. This moment, just close to the upper side of the formation. If breaks the upper level and sustains, this could be a breakout of a parallel channel.
Targets may be 3245/3440 or even more.
The setup is with a good risk-reward ratio.
The entry point should be chosen patiently ( if the price comes down intraday.)
The setup fails if sustains below 2810 for 2 days, or the exit point should be per one's risk management.
This illustration is only my view. It is not a trading recommendation in any form. It is for learning and sharing purposes only.
All the best.
Swing Trading Idea in ICICI PRU LIFESYMBOL - ICICIPRULI
There is a flag & pole pattern on daily time frame in ICICI PRU LIFE.
CMP is 520
I am taking long position in march futures here at CMP for 560-590 target.
Stoploss would be 498.
It is in good support zone & consolidated here. I think it is ready to blast. After breaking out above 530, It will move towards 560 & 590 very fast.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Long Setup In MuthootA Inverted Head & Shoulder Chart Pattern Breakout happened on the Daily Time frame of NSE:MUTHOOTCAP
Price Action supported by volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
One can initiate the long trade as per the lavel mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for Educational Purpose only.
29 Jan ’24 — A flag like formation on 63mts TF - BankNiftyBankNifty Analysis - Stance Neutral ➡️
BankNifty also gets a stance upgrade - from bearish to neutral. The price action was not as beautiful as Nifty50 today. One reason would be the outlier performance by Reliance today +7%, whereas the main weightlifters for BankNifty were HDFCBK 1.38%, Kotak +3.08%, ICICBank 0.64%.
4mts chart
The support/resistance of 45399 was in play today and it proved quite sticky. Although BN got to this level by 09.31 - we never had a strong breakout today. On the 4mts TF it appears we broke the resistance between 09.59 to 11.15 - but it was not strong enough as we fell back to it by 11.19. On a close-to-close basis, BankNifty gained an impressive 576pts ~ 1.28% but the charts do not signify a bullishness yet.
63mts chart
The pattern formed today more or less looks like a flag formation - so the bullishness could come at any moment. BankNifty has a lot of catching up to do, so the run could get quite wild too. If the FII selling in HDFCBK has ended, it could be a good relief to the Bulls. We have changed the stance from bearish to neutral as BN has defended the 44542 support & is just above the 45399 SR. The moment we break these supports, we will go back to bearish mode.
Algo Trading
Our BankNifty algo trades ended today with a loss of 608 rupees per lot
Vaibahav Global-Bottom fishing tradeVaibhav Global Limited (VGL), is in the business of global retail space, especially in the jewellery, accessories and lifestyle product segments of two of the largest economies of the world - the US and UK.
Logic: Stock is consolidating since few months after a huge fall and is trying to give breakout of consolidation. It can be a sign of accumulation breakout. It is a wedding season and stock can show some quick moves after a breakout.
Risky trade.
Do follow me if you like my analysis. Happy trading!
PFC : Breakout Candidate#pfc #breakoutstocks #VCPpattern #Flagpattern #Lowriskhighreward
PFC : Weekly (1-3 Months) Holding Period
>> Breakout Soon for New Rally
>> Flag Structure
>> VCP Pattern
>> Highly Trending Setup
>> Good Strength & Decent Volume
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and Keep Trailing for more
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
CCHHL : Breakout Candidate#CCHHL #breakout #Flagpattern #VCPpattern
CCHHL : Maldives Theme
>> Flag Pattern / VCP Pattern
>> Institutional Buying visible
>> Good Strength & Volume Building up
>> Low Risk High Reward Trade
Swing Traders can lock profit at 10% and keep trailing.
Disc : Charts shared for Learning Purpose not for Trade
3IINFOLTDVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions
IDEA : Best trading opportunity in penny stock Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Flag & Pole
📌 Symbol/Asset: IDEA
🔍 Description: Stock has continuosly making patterns. And all are bullish patterns
Stock has just given breakout of Flag & Pole and now it has retested the same levels.
We can see huge momentum if 13.50 levels is not broken.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.