DCB BANK(W): CMP LOOKS GOOD FOR MORE UPSIDE. 1) TRENDLINE RESISTANCE BREAKOUT 2) AN INVERSE HEAD AND SHOULDER + RISING CHANNEL PATTERN IS VISIBLE ON A BIGGER TIME FRAME. 3) RSI, MACD & ADX ARE BULLISH.
Reason For Buying This Script :
In weekly time frame it has formed HEAD & SHOLDER PATTERN Now price has to come down buy at dip around 4665 .
Once if neck line break and close above the neck line in weekly or monthly time frame means further we can go for buy and the target is 6618 to 6742.
In monthly time frame it has broken the box...
The Tea/Coffee sector is on the upmove.
Moving along with sector.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
Never ever buy before 3PM. I have been burnt many many...
All Studies mentioned in the chart💰
Buy @60-63 range
Strict sl below 55
Reasons for selecting this stock ✔ ✔
✔ Something cooking in the chart.Can see Ascending triangle in the chart.
✔ Infrastructure developing company,mainly involved in marine infrastructure development.
✔ One of the main cmpany which is involved in marine infrastructure activities.
SUN Pharma Adv Weekly Analysis
Inverted Head And Shoulder Breakout - Range Breakout - Volume Breakout
CMP 255 Buy Target 300-350-400-475-550-600-700+
Add some more @ 200-205
SL below 140
Holding Period 3-5 Years
BUY 194 TO 171
TARGET 390 TO 514
Reason For Buying This Script :
In this script it has as formed inverted head & shoulder in monthly time frame . And It has taken the support bottom of the neck line.
Once the price close above 294 in monthly candle . And the target is 514 . 294 Neck line has to breakout then only 514 target will be reach.
We have a clear breakout with good volumes on the weekly chart for GNFC. We can see a trend reversal pattern of Inverted Head and Shoulders on the chart. GNFC brokeout of H&S pattern during the last week of Feb. We can clearly that volumes kept increasing as the pattern developed and finally brokeout of the neckline. GNFC consolidated after the initial breakout...
An Inverted Head and Shoulders pattern broke out and retested itself inside a bigger Inverted Head and Shoulders Pattern.
The same move is expected on the bigger pattern as well.
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I believe in keeping the chart simple...
Buy @260-70 range 💰💰
no need of sl,if u have patience u can hold it.
🧩the stock in a major/strong support zone ,can see the price is respecting that area that's why we shared this entry.
🧩a company with good funda.
🧩IT stocks publishing not much good result,so technical base it's a good entry,dont know about it's result.anyway i am...
PARACABLES,,W & M chart are in formation of cup & HANDLE Pattern.
Daily cart forming inverted Head & Shoulder pattern.
Above all the moving averages too.
This could be a multi bagger stock.
All levels are marked on chart itself.
All analysis are for educational purpose only.
This has Perfect Flag breakout and Inverse head and shoulders pattern getting formed.
Inverse head and shoulders pattern are usually seen at bottom of the trend and are strong.
Long near 250 SL 205 target 400-500 and beyond
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research....