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Poddar Pigments forming a 3 week tight doji patternPoddar Pigments after a good time correction is going into bullish zone again, the formation of 3 week tight doji pattern near the trend line breakout zone is a good sign of demand this scrip is getting. Looks like this pigments scrip will be giving a breakout soon. Stop loss should be placed @ 290 here. *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.
NSE:PODDARMENTLong
by nishant_bhatt
2
RAILTEL watch for trend line breakoutExpecting Railtel to give a good move from here setting up tight near trend line with fundamentals backing it up. Stop loss can be placed at low of doji candle. *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.
NSE:RAILTELLong
by nishant_bhatt
5
KMC SPECIALITY HOSPITALS looks all set for breakoutKMC Speciality Hospitals setting up nicely for a breakout with good volume and clean price action, as I highlighted in the chart we can see a clean cup (with a big base) and handle internal pattern formation. Also company has good fundamentals (high ROIC+ROCE, quick cash flow business, debt in control and good earnings growth). I have entered the scrip at 63 and placed my stoploss at 55. This can breakout from here or can give a small pullback till 64-62 which would be a great opportunity to initiate position. *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.
BSE:KMCSHILLong
by nishant_bhatt
2
Remarkable Breakout in MPS LTD.Good morning Guys! Here is a potential trade set up for next week. Providing you some pointers for MPS LTD. >>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week >> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern. >> After witnessing breakout it has retraced back to its breakout zone and again bounced back as bulls got activated, it seems lot of juice has still left. Sales and profits are also looking promising. Now question comes, How to trade in this zone as it has already shown significant moves ? So, Checks these pointers out to understand it. >>Either we can take entry while it retraces back to its BZ level or it gives a good upward move after little accumulation. >>IF it comes back all the way to 1460 that would be our trigger point. >>Now in second scenario if it does not give a pull back then we will wait for little consolidation and if we find a sort of engulfing type green candle then also we can think of taking entry. STOP-LOSS. Now stop loss would be deferent in both the scenarios. First scenario: Buying at Breakout Zone- we can go with 5% of stop loss. Second scenario: Buying higher level- In this case we will have to with higher stop loss, that would be 12%. Targets totally depend on your patience level. If you find this analysis helpful, please consider boosting 🚀 it. If you have some suggestions and any question please post in comment section. Please note- I am not SEBI registered, so do your research before investing.
NSE:MPSLTD
by BullishLine
EVERESTIND's Recent Breakout - A Dive into the Technical📈 EVERESTIND's Breakout Analysis 📉 Hello, fellow traders! Today, we're diving deep into EVERESTIND's breakout that occurred on 7th August 2023, shortly after the company announced impressive financial results. The stock has shown some intriguing patterns, and I'm here to break it all down for you, especially if you're new to the world of trading. Let's get started! 🔍 Key Observations EVERESTIND announced stellar financial results, leading to a breakout on 7th August 2023, accompanied by impressive volume. Before this breakout, the stock maintained a robust base hurdle, with previous swing lows remaining unbroken. High volume on bullish candles indicates potential accumulation . Despite the price decrease over the past two days, the last candle is an inside candle , with its mother candle being a large bearish one. However, the selling volume is minimal. The price seems to be retesting the breakout, possibly due to RSI bearish divergence. 📉 Trading Strategy First Entry: Buy if the high of the inside candle is broken, around 1030. Stop Loss for First Entry: Below the inside candle. Second Entry: On a retest of the breakout, around the 1000 level. Stop Loss for Second Entry: Below the plotted support zone on the chart, which was previously a resistance. 📚 Let's Learn Some Technical Terms! 1. Inside Candle: A candlestick pattern where the current candle's high and low are within the previous candle's high and low. 2. RSI Bearish Divergence: When the price makes a new high, but the RSI fails to make a new high, indicating potential weakness in the trend. 3. Accumulation: A phase where investors buy or "accumulate" a stock in anticipation of a future price increase. 🚫 Disclaimer This analysis is for educational purposes only. I am not a SEBI registered analyst. Always do your research before making any trading decisions. "In trading and in life, patience is not just a virtue, it's the key." 🔗 Connect with Me! For more insights and analyses, follow my TradingView profile: in.tradingview.com Thank you for your support and feedback! If you found this analysis helpful, please like, comment, and follow. Happy trading!
NSE:EVERESTINDLong
by AfnanTAjuddin
2
CALCOM VISION a VCP in progressCALCOM VISION chart is forming a VCP structure in Weeekly Timeframe. Going thru the company fundamentals, looks like a turnaround situation. I have initiated my position @158 and set my Stoploss @145. Lets see how this plays out. *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.
BSE:CALCOMLong
by nishant_bhatt