Goldencross
CONSOLIDATION BREAKOUT IN LTIMBuy LTIM (D) 5240, for 5700 and 6100. Add on dips till 5000 with stop at 4950 on weekly close. Stock ready to give breakout above 38.2% fibonacci levels and then will reach 50% and 62% eventually. Consolidation happening for last 12 months which shall give minimum 15% returns.
Both leading and lagging indicator MACD and EMA is indicating bullish momentum in LTIM
PERFECT BUY IN PUNJABCHEM&CROPPUNJAB CHEMICAL & CROP 1230, has taken good support on 200WEMA. Stock has taken support at multi yr levels of 750 and now backed up by volume burst. Already golden crossover on daily charts are there.
Buy for medium term view above 1260 levels for 1400 to 1650. stop below 1050 on two day closing basis.
METROPOLIS Analysis(Rounding Bottom)!Rounded Bottom Pattern in Metropolis!
50 EMA 100EMA Crossover!
Golden Crossover 50 EMA and 200 EMA?
METROPOLIS has made a Rounding Bottom Pattern in a Daily Timeframe. We can see the fluctuations in Volume, after the price reaches the bottom it diminished, and after the rally, it gained. The previous trend was a clear downtrend after this stock gained momentum and showed an uptrend now it is trading in the parallel channel and it is trading around its neckline. We should wait till it breaks the parallel channel as well as the neckline, the interesting thing is 50EMA crossed 100 EMA and now it may cross 200EMA so we can see the Golden Crossover. After the golden crossover, we may expect a long-term uptrend in the METROPOLIS.
Entry = Above 1492.10
Stop Loss = Below 1419.30
Target = 1790.15 and 1879.35
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4)Don't trade with full capital
Supriya superb longSupriya shows bullish potential due to the following factors
1. Upward channel giving a good
range bound move
2. Buying with good volume and candles
seen at the support zone
3. Golden cross about to form
4. Bullish flag with low volume
We should take the position sizing approach,
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, buying as close to the trendline, moving averages and support zone and adding more on the break of the flag pattern.
Target: 320
Stop loss: 231.90
Keep It Simple
SAIL Breakout Happend Today @88.70 on Daily and Weekly ChartSAIL Breakout Today @88.70 on Daily and Weekly Chart.
SAIL creating upside channel from May 2023, today if closes above @88.70 then it should be potential breakout.
In Daily charts 50 EMA (Yellow) cross over 200 EMA (White) as well.
SAIL Data Point:
Breakout Level: @88.70
1st Target Level: @93.00
Stoploss Level: @86.00
If SAIL sustain above 1st Target then go for 2nd target @96.00
Tata Chemicals rangebound Tata chemicals has formed a beautiful symmetrical triangle pattern and requires traders to trade the range, buying at the lower trend line and selling at the higher. It has also formed a golden cross- When 50EMA passes 200EMA from below showing bullish nature.
A break of the lower trend line will see an end to the trade, making it a risky one.. Hence we should position size in a smart way.
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct.
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
I would suggest to risk only half of what you normally risk on this trade since the risk to reward is very favourable with a small stop loss.
Example- If you normally risk 1000 per trade, this time risk only 500 since the potential is the same reward with lesser risk making it a A+ set up.
If a green candle or a bullish candle is formed at the trend line, we can add to more positions.
Keep It Simple
Reliance Breaks Its DownfallReliance has broken past its long term bearish trendline after taking support from its short term bullish trendline
on above average volume.
50EMA has crossed 200EMA giving a
golden cross.
Targets can be take at T1 and T2
Stop loss below the most recent candle
Keep It Simple
HDFC quick profit HDFC has finally broken out of the resistance zone after forming a beautiful golden cross as well as a flag and pole break pattern. Support has been provided by trendline
A limit order above the resistance zone and a target of 1589 is a high probability trade.
Tight Stop loss below recent candle low.
Keep It Simple
BF Investment - Breakout of DowntrendWe have seen breakout of downtrend with high volume in BF Investment and also notice higher top and higher bottom indicate trend will remains bullish.
Demand zone and psychological level near 300, one can accumulate share from this level and hold for new higher top.
Buying Zone 303-300
Stop Loss below 294 (Below 200 DMA)
Target 1 325
Target 2 370
Target 3 399
UltraCement with the Ultra Trade After the previous post on Ultratech where the target was hit beautifully, it has given another break after having a TIGHT consolidation during
the formation of a triangle after support from the 200 EMA constantly.
Very High probability with a possibility of a Golden Cross coming in.
Target to Next High Of 7497
Stop loss inside triangle.
Keep It Simple
UPL respects its uptrend !UPL Has formed a beautiful double bottom pattern with its first support off the 200 EMA and second off the long term trendline.
UPL has given a double confluence
1. Rejection candle and respect of the long
term trendline
2. Golden Cross( Crossing of 50EMA and 200EMA)
A long position can be taken on break
of the resistance zone
Risk To Reward of 1:2 or a more riskier approach would be if trendline is broken.
Keep It Simple
XAUUSD SHORT TERM BUY PROJECTION
XAUUSD SHORT BUY @ 1725-1730
TP 1800
SL 1720
1. Obay Strong FIBO Golden ration of 0.618
2. Respect support zone of 1725-1730
3. Due to sell pressure will retest the swing low of 1725
4. Dxy before reaching teh high of 109,00 will retest the previous low which tends gols to short term Buy
GOLDEN CROSSOVER: MEDIA SECTOR LOW PRICE STOCKNSE:EROSMEDIA
GOLDEN CROSSOVER, 50 DAYS MA moved upwards crossing 200 DAYS MA.
SECTOR: MEDIA a bullish sector.
LOW PRICED stock.
Fundamentals improving gradually, SUPER Q3 22 result.
PRICE STRENGTH 72, BUYER DEMAND 'A+', MASTER SCORE 55, GROUP RANK 16 OF 197 (Data from MarketSmith)
CMP 32.20, minor resistance breakout done, retest done.
Making HH, HL, in uptrend
Now moving up, next resistance near 36, buy signal when break this level, target on chart.