Reliance Getting Ready for next rallyBuy Reliance when Daily Closes above 2480
Stop Loss Closing below 2350 on Daily Closing Basis
and low break with 5% Buffer
TGT Open and Book P&L when it daily closes below 20 SMA
and break low with 5% buffer
Highvolume
Breakout in Kalyan JewellersBreakout with good volume in Kalyan Jewellers.
Resistance levels to watch: 72, 75, 78.
Higher demand can be seen due to Festive season.
BPCL TRADE SETUP FOR TOMORROWBPCL share has given breakout on today once it closed above 496.
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So, Now the tomorrow we can see the good upward momentum on tomorrow.
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We can make a entry at 499 with the stop 3 or 4 and Our target would be 510.
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Risk Reward Ratio is around 1:2.
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What do you think comment below in the box.
#VOLTAS wait for breakout There is high probability that this time resistance will break
1 resistance is weak it has resist 2 time before and price is moving fast
2 increasing high volume from last 2 to 3 there is high volume
buy at the break out sl should be the low of the break out candle and tg- 1:2
PPL Making CUP & HANDLE Pattern 15M | READY FOR BREAKOUTPPL creating cup and handle pattern in 15 M time frame. Now it is trading aroud it's resistance ie 163 if it will break this level with HIGH VOLUME then you can take entry arount 164 for swing trade. Targets are 170, 188, 200 and the SL 160. you can enter here for 2:1 RR .
PFC Positional Trade SetupPFC making cup and handle patter in the day time frame,
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So for we will buy this trade once it cross 140 for the target of 160-170.
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140 is the resistance if it's break, we can see the good upward momentum in the stock.
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So what's your view on this comment below in the box.
CORBORUNIV: Rectangular Pattern Breakout CandidateThe stock has been moving in a narrow range rectangular pattern for a couple of days now.
On Friday, July 23, we observed a spike in volume, bringing it towards the upper resistance and the 52W high levels.
Carborundum had good results last quarter, and it next set of results are expected on August 2. May be this has lead to renewed interest in the stock.
Depending on your risk profile, stock can be either bought at current levels, or you can wait for the resistance level (~680) to be broken with volumes and then enter the trade.
Depending on the follow through, we can expect targets of 736 and 840 in short to mid term.
The stop loss can be maintained at 610 level, which is the lower end of the rectangular range.
Supporting technicals:
RSI: 63 ( Bullish but not overbought)
ADX: 33 (Suggesting strong trend)
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
Schneider Electric Will Breakout a Big Rounding Bottom PatternNSE:SCHNEIDER
Schneider Electric Will Breakout a Big Rounding Bottom Pattern Starting from mid 2017 - till now With high Volume attraction
Targets 1 - 162
Target 2 - 185
MIRZAINT POSITIONAL TRADE SETUP Mirza International is near to breakout 63 is very strong resistance level .
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MIRZAINT share test multiple times this level, but this time there is a high volume.
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If it break 63, you can make the safe entry at between 65-70 for the targets of 100.
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What's your view on this comment below in the box.
AU BANK POSITIONAL TRADEAs you see in there is a strong resistance of 1203 in the AU Bank Stock,
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In starting of 2020 touch the level of 1203 and then reverse and yesterday AU Bank touch and market closed.
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But now there is high volume so two thing can happen in this case.
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1. Maybe AU Bank will break the 1203 level and touch the target of 1300-1323.
2. Maybe AU Bank can be rangebound or give some correction and then goes up.
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Let see what will happen, what's your view on this comment below in the box.
FDC LTD - Tuesday Trade | 15th JuneStock has risen above resistance zone supported by huge volumes.
Has formed Inverted HnS
Biocon Bullish (W Pattern)Chart is self explanator, Can add near 390-395 levels for swing trades.
Note: This is strictly for education purposes. I'm still learning the concepts of stock market. I'm not responsible for your profit or loss. Do your own analysis before taking any positions.
LALPATHLAB - Resistance turned into support and pattern broken 🔰 MY thought process :
⭐The resistance zone of 2600, now is a good buy spot for this stock
⭐Made a good pattern above it
⭐Triangle pattern it was, BO on 1hr given, potential swing trade is ON
⭐Risk and targets are marked :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted on my page :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>
Falling Channel + Wedge Pattern COMBO !Traders, as you can see clearly that BBTC was first in falling or descending channel pattern and then it gave breakout and formed wedge pattern. Stock also gave breakout from wedge pattern (that too with high volumes ). Now stock is again retesting the trend line (resistance line). Buy once stock start showing positive momentum. Don't buy if stock closes below the resistance line. This was my personal analysis only for educational purpose. Feel free to share feedback/queries.
JK Lakshmi- BO of Ascending Channel, at ATH, can do +40% moreNSE:JKLAKSHMI
Breakout of Ascending Channel Pattern with Huge Volume
CMP at All Time High
Possible Upside : 40%++
Next Levels : 682 & 800
SL : 450
Golden Cross Over confirmation signals very Bullish Trend Ahead
Part of the #NiftySmallCap100 Watchlist to participate in Rally
Coal India BreakoutNSE:COALINDIA
Fundamentals:-
Average ROE for last 3,5,10 years > 25% (should be greater than 15)
Debt to equity at 0.13 (should be less than 1), Interest coverage at 30.3 (should be greater than 3), Current ratio at 1.77 (should be greater than 1.5)
Dividend yield of 7.95% and pays dividend regularly, means it's an investor friendly company.
Generated free cash flow of more than 60% after capital expenditure from operating cash flow in last 10 years, means it has enough cash for further expansion and wouldn't need to raise debt.
All in all, a fundamentally strong company.
Broken out of a strong resistance with high volumes and now it's retesting the breakout levels again. 50 day EMA just crossed 200 day EMA. Took 182 days to come down from a high of Rs.152 to Rs.109 but took only 133 days to recoup the losses, so it was a fast recovery which makes it a high probability buy. Buy if it crosses 156-157 again with a stop loss below 149.
CANARA BANK STOCK SKYROCKETS AFTER BUDGET DAY !Gives a breakout after few rejections!..High volumes are also there(buy).Uptrend may continue.Target of 215-220 should be achieved within a couple of weeks .
NSE:CANBK
Bank of Baroda Breaks resistance at 80!..CAN GO LONG ON ITBSE:BANKBARODA
A resistance level of 80.25 was broken today.Can reach upto its 52-Week high..i.e 103-105
BPCL - Strong BUY for 15% potential profit BPCL has shown a trendline breakout today with high volume .
The indicators like MACD and EMA are showing bullish trend.
The RR ratio is also around 4 for 15% potential profit in a short term.
