This stock can fly after breakout!Redington has been forming an inverted head and shoulder pattern from the past 2 years.
A weekly closing above 200 will confirm the breakout which will unlock huge targets for the stock.
This stock has nice fundamentals with a good dividend yield so one can consider this stock for long term investment as well.
Keep this stock in watchlist as the rejection in previous week is due to dividend correction.
Idea shared for educational purposes.
Flag
PDMJEPAPER - 2.5 years consolidation / All Time High Breakout.PDMJEPAPER
1) Time Frame - Monthly.
2) The Stock has been consolidating since June, 2021 and has given a breakout with strong bullish momentum & Huge volume.
3) The stock will find its next resistance around the price (125).
4) Recommendation - Strong Buy
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.
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Ultratech Cement - Flag PatternUltraTech Cement is trying to break the flag-pattern. Once done we can expect the price to move to 12500+. Pls see my other charts to see the breakout. Other factors:
1. Volume is steady
2. RSI will move up gradually, and once we see it moving above 60, stock can be super bullish
3. MACD is also becoming positive and as the price breaks out, we can see it becoming positive.
4. Fundamentally stock is doing good, highest TTM sales and profit. Overall as well, we can see cement sector picking up with new infrastructure developments / projects
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Atul flag breakout-DO NOT MISSAtul is one of the major stock of chemical sector which has been correcting since past many months.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
HFCL-An investing stock for open targets!HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable . (Source:-Screener)
With growing 5G and Gigafiber demands, HFCL has a big future ahead and chart suggests the same. Stock had given 20 year consolidation breakout back in 2021 but since then, stock formed a flag for 2 years which further would have frustrated its old investors.
However, last couple of months have been phenomenal for the investors as stock finally managed to break the flag and given weekly closing above the psychological resistance of 100.
Definitely a long term buy for investing at dips(till 80) with monthly support near 65.
IFB Industries- Paisa double opportunity. IFB Industries- 0.618 retracement done on monthly long back. For the past 2 years, its undergoing a big flag pattern. So will explode once it breaks up. The point to be noted is, even if it breaks up in daily, wait for the weekly candle close atleast for safe trade. If not keep the stop loss as the candle close within the channel after breaks up. Paisa double opportunity if it explodes.
Note: This is for educational purpose only.
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.
Accelya Solutions: Multiple bullish pattenIn the Daily timeframe, this less known mid-cap Technology stock NSE:ACCELYA is showing confluence of multiple bullish chart pattens.
A beautiful rounding bottom formation happened over last 4 months.
Followed by a breakout with very high volume on 15th Jan.
Followed by consolidation and re-test of 1750 level.
During this consolidation between 15th Jan and now it's creating a bullish pole&flag patten.
An excellent price to enter is around 1700 (or even 1730 is ok). It can reach upto 2xxxx on next few months (1 year horizon).
Bullish move on SBIN charts (08/01/24). SBIN is trading around the highs and if forming a bullish flag and pole pattern.
For last 3 weeks it is holding on to the higher levels. A nice bullish trade can be capture for a 10-12% move in near future.
A nice move it has already given and it can touch another milestone of 700 in this quater.
Break out can provide a nice up move in the stock. Positional trades in the stock and derivative can be initiated.
Fundamentally the stock is good. A nifty50 stock is always good for investment purpose.
Major levels are 660 & 700 on the higher side and support is around 620 levels.
Wait for the break out to trade. In case of a break down avoid a trades as the lower side R:R is not suitable.
A bull move awaiting hereAbbott India formed a good flag and pole - with all factors necessary to anticipate bullish move.
Present price can be used for call option buying and even intraday cash trade can be taken.
Sector supports too, but as over all market is negative, be quick to book the profits
Aarti Industries Flag Pattern - Target 1450Wait for breakout and close above trendline to enter on monthly charts.
Forming a Flag and Pole pattern on Monthly charts and Last month volume indicating reversal in downtrend of stock.
Stop Loss will be low of breakout candle once its breakout.
Single Target 1400 to 1450
Long term view not for day trading.