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Highconviction

KPIT Tech: Is This High-Conviction Pattern Set to Deliver?This is purely a technical play in NSE:KPITTECH The chart is showing a high-conviction inverse head and shoulders pattern, suggesting a potential bullish reversal. A volume breakout and close on a lower timeframe above 1882 could provide a solid entry point. For this trade one can maintain a strict stop loss of 1790. The targets to aim for are 2054 and 2105, which align with the expected move from this setup . This is a short-term trade idea, but monitor price action and volume for confirmation of the breakout. Additionally, consider any other technical indicators or tools that could further validate this setup. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risks and is not suitable for everyone. Always conduct your own research and consult with a financial advisor before making any investment decisions. The author is not responsible for any losses incurred.
NSE:KPITTECHLong
by sandeshprabhu85
8
MMTC's Rounding Bottom BreakoutHere's an exciting trade prospect in MMTC. A clear rounding bottom formation is evident on daily and weekly charts. The recent surge above the robust resistance at 42.05, coupled with substantial volumes, marks a notable breakthrough. Anticipate a possible retest after breakouts, keeping a close watch on closing prices. The setup remains valid as long as MMTC stays above 43, a key level indicating pattern strength. This is a medium-term trade with targets set around prior resistance levels and the rounding bottom's projected completion near 65. Remember, this information is for educational purposes and not financial advice. Manage your trades wisely and consider setting appropriate stop-loss levels to manage risk.
NSE:MMTCLong
by sandeshprabhu85
2
Favourable RR OPTIONS in ONGCTechnical Analysis - 1. Falling channel breakout above DZ turned SZ 2. Going from lower range to higher range of rising channel 3. Sustaining above 20EMA & towards 200 EMA 4. OI data supportive - A Short Covering is to be seen after Long Buildup wipe out last 2 days Short Buildup Go long in ONGC by buying CE - 1. ENTRY / TARGET as per spot chart - 139.2 / 144 2. SL using spot chart - 138 3. RR - 1:4 4. Strike Price - ONGC 25 AUG 140 CALL (or a little OTM as per your risk taking capacity) Other considerations - 1. Considerably good result (might not be as per expectations) 2. Huge demand still to be seen given the dividend ex-date on 18th Aug'22 3. Avoid this trade if opens Gap Up or Gap Down by 1% This is for educational purpose for others & not a recommendation. Please do a thorough analysis of your own before entering the trade.
NSE:ONGCLong
by ht_rohit
1