RedingtonRedington Limited has made a breakout and is currently in a buying zone. CMP is 189. Breakout confirmation and retesting in one day and one week time frame, thus we expect to hit all of our targets.
Indianstockmarket
Nahar Spinning looks Good.Pattern: Double Bottom pattern
The Double Bottom pattern emerges within a downtrend when the price hits two separate lows at approximately the same level. During the formation of this pattern, the volume tends to indicate a decrease in downward momentum, diminishing as the pattern develops, with a slight increase in volume at each low, typically less on the second low. Eventually, the price breaks above the highest point between the two lows, confirming a bullish signal.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
SYNGENE - Swing Trade - 7th February #stocksSYNGENE INTERNATIONAL (1W TF) - Swing Trade Analysis given on 7th Feb, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #SYNGENE #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment
3 Amazing swing trading ideas for 7 Feb Markets I daily make educational content videos for swing / positional trading
JINDAL STEEL & POWER - Swing Trade - 6th February #stocksJINDAL STEEL & POWER (1W TF) - Swing Trade Analysis given on 6th Feb, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #JINDALSTEL #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment #stockstowatch
SAIL - Swing Trade Analysis - 28th January #stocksSAIL (1D TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #SAIL
ECLERX - SWING TRADE - 14th January #stocksECLERX (1D TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #eclerx
Federal-Mogul Goetze getting ready for a breakout FMGOETZE is forming an interesting pattern, this scrip has been trading around 375-350 for a log time now, looks like good accumulation has taken place in this area of interest. The scrip has also entered in a VCP structure with a good shakeout candle, looks like the scrip is all set for a 15-20% move from here on.
Stoploss 345
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
PFC - SWING TRADE - 21st January #stocksPFC (1D TF) - 21st Jan, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Upper Trendline Breakout - Done ✓
- Volume Spike Buildup - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #PFC
Basing. Breakout. Consolidation (flag). What next ?All details marked on the chart itself.
Always sensible to use a trailing stoploss (like 50 or 20 Moving Average)
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Trading is just like parenting, everyday brings new challenges. The only trove of knowledge is experience.
- A Trader's Wife.
Kanpur Plastipack getting ready for a impulse moveKanpur plastipack after a long downtrend has now been trading in a range for quite a few months now, looks ripe for a swing trade for 15 - 20% move.
Stoploss - 115
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Long ConsolidationA basing pattern indicating a long consolidation from Feb 2017.
A breakout which can sustain above 2001 price level might begin its bullish phase.
Stop loss and target potentials marked on the chart.
Trailing SL is always a good way to protect your gains.
Note: Trade will only be active once it sustains above 2001
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Big changes come from hundreds of tiny steps and they all matter.
- Courtney Carver
ZENTEC - Continuation Wedge (Bullish) Pattern A "Continuation Wedge (Bullish)" chart pattern formed on Zen Technologies Ltd ( NSE:ZENTEC ).
This bullish signal indicates that the stock price may rise from the close of 742.15 to the range of 842.00 - 920.00.
Supportive Points:
-After a temporary interruption, the prior uptrend is set to continue.
-Also there was a gap on 7th Aug 2023 which was filled on 26th October 2023.
-Pattern formation took roughly 71 days, so target will be sooner or later than 71 days.
-FII has Increased Qty - You can refer third party tool to verify the same.
Quarterly Results : M.Cap ₹ 6,237 Cr PE 71.0
Item YOY Sep 2023 Jun 2023 Sep 2022
Sales ⇡ 203% 64.0 132 21.1
EBIDT ⇡ 304% 21.8 66.2 5.39
Net profit⇡ 279% 17.3 47.1 4.58
EPS ⇡ 255% ₹ 2.06 ₹ 5.61 ₹ 0.58
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
COLPAL - Swing Trade - 16th January #stocksCOLPAL (1D TF)
Swing Trade Analysis given on 16th Jan, 2024
Pattern: SYMMETRICAL TRIANGLE
- Volume Spike Buildup at Resistance - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #COLPAL
CHOLAMANDALAM HOLDINGS - Swing Trade - 24th January #stocksCHOLAMANDALAM HOLDINGS (1D TF) - 24th Jan, 2024
Pattern: SYMMETRICAL TRIANGLE
- Volume Spike Buildup - Done ✓
- Upper Trendline Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #cholahlding
NMDC STEEL - Swing Trade - 21st January #stocksNMDC STEEL (1W TF) - Swing Trade Analysis given on 21st Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #NMDC
SHANKARA BUILDCON looks ready for a breakoutShankara Buildcon is nicely absorbing the supply, and looks like slowly the bulls are going to control this scrip. Looks good for 15-20% move from here on.
Stoploss 740
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
NATIONAL ALUMINIUM - Swing Trade Analysis - 28th January #stocksNATIONAL ALUMINIUM (1D TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #nationalum
SBI CARDS - Swing Trade - 28th January #stocksSBI CARDS (1W TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: FALLING WEDGE
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #SBICARDS
ADITYA BIRLA FASHION - Swing Trade Analysis - 28th Jan #stocksADITYA BIRLA FASHION (1W TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike at Resistance - Done ✓
- Breakout - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #ABFRL
JOCIL Looks Good!NSE:JOCIL - The chart is self-explanatory.
- Strong Base Has been Marked and Strong Resistance is marked.
- Then Chart been analyzed in 2 parts
1. Previous Behavior - where price touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3).
2. In expected behavior - price is somewhat doing same. Price has already touched strong base twice (number marked as 2 and 4) and strong resistance twice (number marked as 1 and 3).
Now what? Let see it should go Up or down?
In chart it has been explained what will happen next but let see....
Please note it takes time to analyze such hidden things, One boost from your end will really brings smile on my face.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Petronet LNG: Bullish Pattern formationNSE:PETRONET is showing an interesting breakout pattern.
It is breaking out a pennant pattern formed since last 3 yrs with an excessive high volume.
Structure wise it is also creating an higher high patten.
Lets wait for the price to correct upto it's support level of 240. Then its a good price to acquire for a potential price target of 300. SL can be kept at 210.
Accelya Solutions: Multiple bullish pattenIn the Daily timeframe, this less known mid-cap Technology stock NSE:ACCELYA is showing confluence of multiple bullish chart pattens.
A beautiful rounding bottom formation happened over last 4 months.
Followed by a breakout with very high volume on 15th Jan.
Followed by consolidation and re-test of 1750 level.
During this consolidation between 15th Jan and now it's creating a bullish pole&flag patten.
An excellent price to enter is around 1700 (or even 1730 is ok). It can reach upto 2xxxx on next few months (1 year horizon).
