UBLUBL :- Those who are planning an aggressive trade can do so in this stock after the breakout of level 1557.75 and those who are planning a very safe trade can do so after the breakout of level 1606.05.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Growth
NMDCNMDC:- Head and shoulder pattern has been formed, breakout has also been given, but don't plan anything until the price becomes sustainable.
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HFCL HFCL :- stock is going to give breakout watch stock
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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MMTCMMTC:- The stock is going to give breakout almost after 10 years. Keep an eye on the stock.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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DISHTVDISHTV:- Wait for the breakout, if the upside sustains then we may see upside movement.
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EIHOTELEIHOTEL:- Wait for the breakout and plan only after it
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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IRFC (Indian Railway Finance Corporation Ltd)In my analysis(for 1-2 weeks), I've identified a potential trade idea for the IRFC stock. Based on my evaluation, I see two profit targets. The first target is set at 56.4, while the second target is at 60.4. To manage risk, it's important to establish a clear stop-loss level.
**Trade Idea:** Consider a long position(1-2 weeks) on IRFC stock with a first profit target at 56.4 and a second target at 60.4. Implement a well-defined stop-loss strategy to manage risk effectively.
1st Target--> 56.4
2nd Target --> 60.4
Thanks
Kambi
CHEMPLASTSCHEMPLASTS :-Stock has given strong breakout, if comes for retesting, you guys can plan something
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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KMC SPECIALITY HOSPITALS looks all set for breakoutKMC Speciality Hospitals setting up nicely for a breakout with good volume and clean price action, as I highlighted in the chart we can see a clean cup (with a big base) and handle internal pattern formation. Also company has good fundamentals (high ROIC+ROCE, quick cash flow business, debt in control and good earnings growth).
I have entered the scrip at 63 and placed my stoploss at 55. This can breakout from here or can give a small pullback till 64-62 which would be a great opportunity to initiate position.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Cracking the Code: Unveiling BANKNIFTY's Present Echoing June 5,By Surendra
Greetings, astute followers of the financial landscape. Today, let's embark on a journey that delves into the captivating parallels that have unfurled within the Indian equity market. As of August 26, 2023, we stand witness to a scenario that appears to mirror a pivotal day from the annals of history – June 5, 2013. Strap in as we dissect the tale of BANKNIFTY, its interconnectedness with the broader market, and the invaluable lessons history beckons us to learn.
Deciphering the Dance between Nifty 50 and BANKNIFTY
Our first port of call on this enlightening voyage is a fundamental assumption that's akin to a guiding star within the Indian stock market's cosmos. The banking sector's trajectory, as embodied by the BANKNIFTY, often dances in resonance with the movements of the Nifty 50 Index – a constellation of India's premier 50 companies. This unspoken correlation between these indices unveils a wealth of insights, akin to hidden gems within the market's labyrinth.
Nifty 50's Ripples and Sectoral Echoes
Picture this: a giant – the Nifty 50 Index – teetering on a precipice, encircled by eager sellers vying to tilt the balance. The implications, however, transcend this singular entity. The tremors unleashed here send seismic waves coursing through the sectors, each swayed by the same tide. This dynamic underscores the domino effect, where the fate of one index orchestrates the rhythm of the broader ensemble.
Déjà Vu: June 5, 2013, and the Present Parallels
Have you ever experienced that uncanny sense of déjà vu, where the present feels eerily reminiscent of the past? In the theatre of finance, such a phenomenon is unfolding before our eyes. Transport yourself to the canvas of June 5, 2013 – an epochal date etched in market chronicles. Fast-forward to the present, and history's echo resounds as we observe the emergence of a foreboding head and shoulder pattern within BANKNIFTY's price dynamics. This motif, much like a crescendo in a symphony, often signifies an impending transition from an upward trajectory to a downward trajectory.
Unveiling the Enigma of the Current Banking Sector
Shifting our gaze to the banking sector, the pulsating heart of economic machinations, a tapestry of signs and signals unveils a picture akin to that of 2013. Within this intricate weave lies the testimony of a sector grappling with recessionary undertones. Strains in liquidity and financial flux mirror the strains of yore, painting a canvas of financial stress.
Chess Moves of Investors, the Symphony of Corrections, and the Battleground of the Job Market
Imagine a grand chessboard, where investors, the players, maneuver their pieces with prudence. Presently, these seasoned strategists are relinquishing some of their positions, perceiving the signs that precede a market shift. Throughout history, this retreat has often presaged impending corrections. Brace for impact – a correction may well be knocking on the market's door. To add to the complexity, this period of correction might usher in a consolidation phase – a lull before the next crescendo.
Yet, the narrative extends beyond trading terminals. Much like ripples extending outward from a stone cast into a pond, the banking sector's tribulations could cascade into the job market. A scenario reminiscent of 2013 looms, where jobs become battlegrounds as the economic turbulence plays out.
Final Thought: Guiding our Way with the Torch of History
In conclusion, the tapestry of BANKNIFTY's current state weaves itself into the tapestry of June 5, 2013. The intricate interplay between Nifty 50's struggles and the destiny of BANKNIFTY serves as an invaluable compass through the market's labyrinth. As we navigate these dynamic waters, be prepared for the fluctuations of correction and the tranquility of consolidation that may shape our investment voyage. Remember, the echoes of history can illuminate our path as we navigate uncharted waters. Stay curious, stay vigilant, and let the lessons of the past steer us towards informed decisions.
BALAJITELE BALAJITELE :- The stock has given a breakout, you can plan something if you come for retesting.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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BAJAJHIND BAJAJHIND :- Stock is going to give breakout after 9 years, wait for breakout, plan with strict stop/loss if you do
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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BDLBDL:- Wait for the breakout and plan something only after it
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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AMBER AMBER :- The stock has given a breakout after 1 year, if the breakout sustains, we may see an upside movement.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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BAJAJCONBAJAJCON:- Stock Consolidation since last 5 months, ready to breakout. keep on eye.
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PNCINFRAPNCINFRA:- Stock is moving in parallel channel, about to give breakout, keep your eye on alert
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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HEIDELBERG
HEIDELBERG :- If the stock gives a breakout of 190 level then we can see an upside movement
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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COCHINSHIPCOCHINSHIP:- Stock has formed head and shoulders pattern, wait for breakout
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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BOMDYEINGBOMDYEING:- Breakout is going to give after 4 years, wait for breakout and plan something only after that.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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VMARTVMART:- Trendline + Resistance is going to give breakout, wait for proper breakout
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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INDIACEMINDIACEM:- Cup and handle pattern has been formed, breakout has also been given, if the price sustains the upside, we may see upside movement
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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BRIGADEBRIGADE:- Wait for the breakout till then keep an eye on the stock
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As always, simple and neat charts so everyone can understand and not make it too complicated.
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TV18BRDCSTTV18BRDCST :- Head and shoulder pattern has formed, breakout has also given, keep an eye on the stock
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
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