For 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...
The stock price has doubled since June 2022. As per the chart, has been traveling in a rising parallel channel. This time resting at the upper edge. If the price is rejected here, there may be some correction time ahead. One has to decide the entry and exit levels very wisely. This illustration is for learning and sharing only. Not a piece of trading advice in...
The stock price has been coming down in one month from 7800 to 6600. This time consolidating at lower levels, and support also can be seen on the charts. If bounces back from these levels, may go in an uptrend. Projected targets are indicated on the charts. If closes below 6520 for two days, may go weak according to this setup. The risk-reward ratio is good in...
The stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes. The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk. If goes well, then the risk-reward ratio is quite good according to the projected...
Indian Oil Corporation Limited is engaged in refining business. The Company's segments include Sale of Petroleum Products, Sale of Petrochemicals and Other businesses. TTM EPS: 17.36 TTM PE: 5.43 P/B: 1.00 Mkt Cap (Rs. Cr.): 133,022 Dividend Yield: 3.19 Sector PE: 30.01 Book Value Per Share: 94.73 Some Positives: Strong Momentum: Price above short, medium...
The stock is forming an interesting pattern since last year. Runs bullish for quite some time, breaks the support of the bull run then comes to retest the support area. The sequence is shown on the charts. If the present rally continues, this time price may go to 2500 around, (according to the past week's behavior). Only for learning and sharing purposes, not a...
All levels are mentioned on the charts. The stock comes near its five-month-old support trendline. If bounces from here, maybe in an uptrend again. the upside targets maybe 2350 or even more ( you can see the previous broken support retest behavior ). The best entry price is as near as possible to 2150 If breaks down from 2150 for a couple of days, then the...
The stock has been moving in a parallel channel for the last 2 months. Now comes to breach upper level. If crosses the channel and sustains above, may go to 2375 or even 2500 in coming sessions. If sustains below 2290/80, will go weak. The risk-reward ratio is very good at this point. This is only my personal view for learning and sharing purposes, not a trading...
Look into the chart. Stock moving towards proper buying levels after making a HIGH , so the trend is up. Good to hold for Swing Trade / Short term trade.
The index has been traveling in a rising channel formation for the last year. This time it reaches the top edge of the channel. If doesn't sustain the above, a downward journey is possible. We just see our risk-reward. Keeping a stop-loss of around 36400 on a closing basis for two days. or according to one's risk management. target seems 35700 or more. The setup...
- CDSL is India’s largest securities depository in terms of number of accounts with the highest - -share of incremental growth of demat accounts. - The total number of demat account investors in India reached over 12 crores, with more than 9 crores registered with CDSL. - Highest Ever Quarterly revenue of 207 crore. - Highest every net profit of 109 crore in...
The stock has formed a good support base at 210 since July 23. In recent sessions, there seems a support of 220. There is a gap formed at the above side at around 236. If maintain the support of 220 in the coming sessions, may go to test the gap at 236, and the further target comes around 245. If sustaining below 220, there should be an exit. This is my...
this research is the based on the past data of the market and at this levels reactions of market. channel of trend is uptrend on daily basis. and looking channel is nw high of market or near the all time high of market. we can consider this research valid till mid of December 2023. level 1 44400 -44600 level 2 44950-45202 level 3 45890-46265
A few days back, we had mentioned that Nifty may fall towards 18820 odd levels When 18820 odd levels came, despite gloomy world markets and our markets also going through a sell off, it was suggested that Longs could be initiated. Results are in front of you. Going forward: Buy on dips can be considered. Till the time Nifty stays above 19030 - 18960 odd...
It is clear from the chart that the price is near the breakout level of the rectangular channel. My setup is to see it bearish. But have to exit if sustains above 540. The risk reward is also good in this setup. Targets are mentioned on the chart. ( If works) The setup is valid only if it sustains below 540. It is only for learning and understanding purposes, not...
As it is clear from the charts, the price is coming to the lower level of the channel. if bounces from these levels, may go bullish, Expected target may be 520 or even 580. The setup fails if doesn't sustain above 497 on a closing basis. This is only for learning and sharing purposes, not trading advice in any form. All the best.
19784-94 ENTRY LEVEL with the high of stop loss like 40 -50 points but wait n watch then . level 1 19720-40 level 19750-70 and above
entry level for long above 44250-270 stop loss level near / below of yesterday low i.e 44160-150 below target zone is if break yesterday high and add more 200 + points(44400-44600) but carefull expires and all