Vlegov resilient in this weak market. Keep on radar. ✅Stock is trading in a channel.
✅Taking support at the bottom of the channel and
50 DMA
✅HH-HL pattern is not violated yet.
✅Stock in stage 2 backed with good volume.
✅Low volume when stock is pulling back.
✅Showing resilience in this weak market.
✅Part of Digital theme which could be the next big
thing in India.
❗️Fundamentally not strong as of now.
❗️Showing resilience in a weak market doesn't mean
it will never fall.
❗️Ideal entry was when the stock reversed from the
channel bottom with a bullish Marabozu.
❗️Ideal SL from CMP is very steep.
❗️The market is still under the control of bears and
we are yet to get a strong reversal sign.
Keep this stock on your radar. Safe traders wait for Nifty to close above 25200 or let the stock break out of the current base. The breakout level is 181.26. Risky traders can try going long with limited quantity at CMP. Present market is FOMO inducing. Keep your FOMO under control.
Risk management is the key, so please do not trade based on anyone's analysis. The point of sharing this chart is educational, and this is not trading advice.
Higherhigh
POLYCAB: Connection Profit KaPolycab is ready to move ahead and continue the momentum it has.
India is growing as a consumption market; the most basic consumption is home buying and home decoration.
Cables and wires are essential and aggressive industries.
So as per momentum right now Polycab is priced at 7050 target would be of 7700-7900
with SL of 6750.
It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Suntv-An amazing swing trade in this media sector stock!Suntv had a strong supply zone of 570-600 which was broken and retested successfully.
Stock has made higher high, higher low and broke its previous high.
An uptrend is confirmed and we can have bullish move continuing in this stock.
A relatively safe stock from risky media sector for investment as well.
RRR like AAA interesting chart and will interesting result AAA is very good chart pattern + high move with high risk
holding 2 flag that is sign of jackpot
high move in single day and achieved his goal of circuit
near by life time high and than actual grab the momentum of higher high prices.
now price is 68 TRG 82/98/108/120 and more than that
that is high risky high moveable stock not for safe investors
that i upload only for my study.
Higher Highs Higher Lows - Short Sell - VTL📊 Script: VTL
📊 Sector: Textiles
📊 Industry: Textiles - Cotton/Blended
Key highlights: 💡⚡
📈 Script is forming Higher Highs Higher Lows patterns on daily chart.
📈 We may see stock price at 422 on downwards.
📈 One can go for Short Swing Trade.
⏱️ C.M.P 📑💰- 438
🟢 Target 🎯🏆 - 422
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
NIFTY DAILY - 19/3/2024Nifty open with huge gap down and bear took control of it and made low of the day that is 21793 level.
Index has broke consolidation line and higher high higher low pattern.
Nifty has formed a big red body candle with upper and lower shadows.
Nifty has given closing below 22831 level which was its support level so, 21667 level will work as next support level and 21906 will work as resistance level.
Today’s Advance Decline ratio of NIFTY50
Advance - 9
Decline - 41
FII Buy + 1421.48 crore
DII Buy + 7449.48 crore.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Higher High Higher Lows - VARDHMAN ACRYLICS📊 Script: VARDHACRLC
📊 Sector: Textiles
📊 Industry: Textiles - Manmade
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages giving crossover.
📈 Right now RSI is around 67.
📈 Script is making Higher High Higher Lows as shown in chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 72
🟢 Target 🎯🏆 - 80
⚠️ Stoploss ☠️🚫 - 68
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Can Paytm reach 1000 with this breakout?The infamous stock of Paytm which was the largest IPO at the time of its listing has eroded IPO investor's wealth by more than 50%.
However, the strong has been consolidating from quite few months now. We have seen multiple buybacks from the founder and promoter in this stock during the same which was a positive sign.
However, near the release of Q4 2023 results, the stock had started its uptrend by forming higher highs, higher lows.
Now, the stock has given a breakout of inverted head and shoulders with heavy volumes last week whose neckline was 750. The stock has given weekly closing above 800 levels which is a big positive for the stock. The stock might face an immediate resistance near 840-850.
One can keep this stock on watchlist for buying near retest of 750-760 levels if there is a retracement for big targets of 990, 1125.
Note:- This idea is shared for educational purposes and should not be considered as a recommendation.
GODREJCP Possible tradeAnalysis in weekly time frame.
Took support nearly at 1000 . and making a neutral candlestick.
Now if crosses 1047, High possibility to reach near latest swing high at 1100 and 1150.
And if crosses 1000, then possibility to reach near horizontal support near 950 or trend line support.
And if it breaks or crosses the triangle the we can see the level of 1300 in coming few weeks.
EURUSD LONG IDEAHey before you trade #DYOR I’m sharing my idea which is based on technical analysis for more accuracy you can check news or event update.
EURUSD 1Hr Chart analysis current price is given breakout on 1hr chart, as per 4hr trend retesting is complete, for target and new retrace are you can check chart I share.
You need to wait for retrace area to break and create new HH.
Follow Like Share
Thank you
Titagarh Wagons Ltd swing tradeTitagarh Wagons Ltd is close to breakout level on daily timeframe, candle closing above 358.20 can be considered as an opportunity for swing trade. Wait for daily candle closing above 358.20 and Stoploss will be the swing low (320).
ENTRY:AFTER BREAKOUT (358.20)
STOP LOSS:320
TARGET=1:2 OR 1:3
Bullish Run in Tata Communications Ltd. An Investor's Delighthowdy Traders,
Much of the power of bullish investors is found in Tata Communications.
If seen inside the chart, higher high and lower low is shown in parallel channels.
1429 level was a strong resistance level but now it is a support.
If the market sustains above the 1429 level then a bullish market can be seen and 1480 is the target.
SBI LIFE INSURANCE Wedge Pattern Could Lead Significant MoveHowdy Traders,
I feel that the market may give a little negative I because the doji candlestick pattern is seen at the higher highs followed immediately by a black candlestick, indicating that the market may provide a little negative move.
Note = If the market stays below the level of 1249 then Target- 1231.90
ATUL AUTO, Will it be one of the best stock in coming rally ?Hello Everyone!
You may or may not have heard of this company but one thing I am sure of is that, if you you are not superrich you must have used its product (Google it🙂). Well anyway we only consider technicals here, and on chart it is looking quite strong, let's analyze it.
1. 7 year trendline breakout with volume(refer chart).
2. Higher low and higher high formation. If we look in monthly chart it has made bottom at 120 during Mar'20 crash, after that it moves up slowly
to test its last high but failed in doing so and fall down. One thing we can notice here is that during this fall it doesn't break its bottom and
consolidated which was giving some initial hints of strength (i.e., institutional buy), it consolidated at that place for some time and last month
it has given breakout with a huge gap up forming higher lows and higher highs.
3. Stock is at the area where it got rejected in mar'20, and is holding this level from last 21days w/o any sign of weakness.
4. Volume of the stock is considerably high after mar'20 crash but price has not moved anywhere giving indication of accumulation.
5. W- pattern with strong 2nd leg(refer chart).
6. Last point is the high RR ratio. Since with current entry SL will be below the strong candle of 24thOct'22 which is 8% and we are expecting
price to move to 700.
If you have any point in addition or against above points, do mention in comments.
Thanks!
Ready for Next move
Good Day ,
Hello Traders,
Deepak Nitrate is giving a trendline on a Daily basis. Strength is coming from the bottom.
Good candidate for the Portfolio, near term targets are 2377 / 2679
Chart Self explanatory.
Time Frame : Daily.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
How did I time my entry in SAIL?Well, many traders spotted the head and shoulder pattern, but it can be seen that stock didn't move much after the breakout but consolidated in a rising wedge for some days(which is generally a good sign).
Now, in the morning I was looking for an entry so after looking at the 1-hour time frame, I found a perfect triangle rising wedge pattern, so I was waiting for a 1-hour candle to close above the trend line. I took entry at 79 with half quantity and on the retest, I added my other half.
Entry, Target, and Stoploss are mentioned in the chart.
Thank you!