LT FOODS - Health BO w/ 40% upside possibility!Overview & Observation:
1. Strong breakout
2. RRR is favourable
3. Moving with weekly demand
4. Momentum is strong.
Trade Plan:
Entry = 248
SL = 215
TP = 280, 300, 350++
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Indianmarket
BULLISH MARUBOZU FORMATION - UNION BANK OF INDIA
STRONG BULLISH CANDLE HAS BEEN FORMED AT A KEY SUPPORT ZONE AREA.
The up move may continue with a slight doji-like candle.
134.50-131.50 is a strong support zone (highlighted area); any dip to that area is a buy opportunity ONLY if the market sentiments are positive.
You can buy at CMP or wait for it to test the highlighted zone, but as past data shows, the price has never retested when it bounced upwards.
LEVELS
-Buy at CMP or at 137.25 Do your analysis too before buying. Any further fall is just a good opportunity to add more quantity.
-We are aiming for targets of 150, 158, and 170; short to semi-long term respectively.
-If it keeps falling after you buy it and you can't bear the loss, consider booking it at 125.
Happy Trading :)
Get ready for a price surge with Dr Reddy & TTK Prestige!DRREDDY
After the market crash in March 2020, the stock began a steady upward movement and formed a Bullish Pennant pattern.
After breaking out, the price surged and encountered resistance multiple times near the 5,550 level.
Consequently, the stock price experienced a significant drop and entered a prolonged consolidation phase.
During this phase, an Inverted Head & Shoulders pattern emerged on the chart.
Most recently, a breakout has occurred, causing the stock to move higher.
TTKPRESTIG
The stock price has developed a Head & Shoulder pattern on the weekly chart.
After the pattern breakdown, the price underwent a significant consolidation period and created a Double Bottom pattern, suggesting a potential reversal in the trend.
By breaking above the pattern's neckline, the price is now moving upwards with a substantial potential for gains.
Long Position in Ramco CementLooking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB.
A strong displacement to the upside creating a OB in the W timeframe - unmitigated.
Gap at the top acting as a magnet for price to move into.
Very clean CoCH and BOS giving confirmation of the move up into higher levels.
A great entry be entry in the GOLDEN level of price retracement - 60% fibs
Levels are in confluence with the W +OB.
Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)