The Green line is marked for breakout, The Red line is marked for breakdown, The Black lines are for the target. Stay tuned, if any levels occur, I will update you in the comment section.
It can be clearly seen that the stock price has been moving in a rising parallel channel for the last two months. If the pattern continues, the price may go to 1380/1420/1450. This setup fails if the price remains below 1300 levels. The above illustration is only my view. Only for learning and sharing purposes, not a piece of trading advice in any form . All the best.
CMP 1817 on 02.05.24 The stock price has tried several times in the last 12 months to cross the resistance levels around 1800. This time consolidating near the zone. If crosses this time, may go to 2250. One has to choose the position sizing carefully, keeping the risk management or exit in mind. This is only for learning and sharing purposes, not a trading...
PFC consolidated 3-4 months, now stock is given break out from resistance zone, due power demand increasing, stock can be perform very well in up coming days. i am seeing 20% upside potential in this stock. even risk to reward ratio is higher.
The stock is forming a rising wedge pattern on the daily chart. This time at the lowest edge of the wedge. If bounces back from these levels, a bullish run may be seen. Currently at 1475 around. One should exit if sustains below 1460 ( below the wedge formation). This illustration is only my point of view, for learning and sharing purposes, not a bit of trading...
As you see on the charts, if the stock crosses 550 levels and sustains above, it can be considered as the breakout of the Cup & handle pattern. Also, the rising parallel channel will be giving scope for a further upside move. If does not cross 550 and not sustaining above, then this setup fails. This is only one view according to the chart patterns, there may be...
For the past 12 months, the stock has been moving in a rising parallel channel. This moment rests at the lowest edge of the channel. If takes support and bounces back, there may be a bullish phase. Possible early targets may be 2600/2700. The setup fails if the price trades below 2340 ( below the channel). This is only for learning and sharing purposes, not a...
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...
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 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...