SARLAPOLY CAN BE PUMPED STRONGLY...SARLAPOLY (Sarla Performance)
About the company
Sarla Performance Fibers Limited is engaged in the manufacturing and export of polyester and nylon textured, twisted and dyed yarns, covered yarns, high tenacity yarns and sewing thread
Weekly Chart Pattern
Setup..
cmp 50.45
any dip upto 45 can be bought
For targets🎯 55 / 57 / 60+
Above 60 it would be a inverted head and shoulders breakout
Breakout Targets🎯 64 / 70 / 77 / 82 / 87+++
Looking at Monthly Charts now....
We can see a bigger inverted head and shoulders pattern on monthly chart
Hence, If sustains above 90...
We can see a fresh breakout...
For targets🎯 95 / 100 / 110 / 115 / 121 / 129 / 135 / 141 / 150++
WCBSL can be taken as 30
Tecnical Analysis...
1) Formation in progress of..Inverted head and shoulders pattern on Weekly as well as Monthly charts...
2) Volume addition
3) At good and strong numbers
Regards..
Keshav Jain..
26/11/2023
Disclaimer & Risk Warning
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck!
Invertedheadandshoulders
TCS-An ATH breakout of investment stock with IHNS pattern!TCS is India's largest IT stock which has been consolidating since 2021 in an inverted head and shoulders pattern.
Stock has managed to give weekly closing above neckline with decent volumes.
Positional traders can also keep an eye on this breakout. If it sustains, we can see good quick move in the stock.
However, markets are also trading at ATH and a correction MIGHT be seen post budget.
It is better to watch the market reaction and stock movement for a week before entering.
Not a recommendation, just my personal opinion
Emami-A pre breakout tradeLogic: Inverted head and shoulder formation in weekly chart
Weekly closing above 630 will be a confirmation of breakout
Levels mentioned on chart. FMCG sector has started to gain momentum.
If you like my analysis, do follow me for more such ideas.
And a happy new year to all my viewers. Hope you all have a prosperous & profitable year ahead!
Grasim at make or break levelAs seen on the chart, Grasim stock is trading near a strong supply zone of 1750-1775.
The stock also has taken support from trendline which is drawn from 2020 lows.
If the stock manages to break its ATH level and sustain above this supply zone for few weeks, we can see a flag breakout and a new bull uptrend in this stock.
However, rejection from supply zone can bring to stock to 1670, 1580 or below.
This is a FNO stock and hence we can expect a good amount of call writing at 1800 levels. Also, the chart is very similar to JSWSteel chart which i posted 2 days back.
Note:-Idea has been shared for educational purposes and shouldn't be considered as a recommendation.
Reliance right opportunity for Swing Trade.Huge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "3050"
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Follow for regular updates.👍
Federal BankFederal Bank
Time frame - Monthly
Study - Inverted Head and Shoulder Pattern, Also good volume ticks seen on monthly chart.
Daily Chart - Breakout given above 128
Fundamentals - Maximum profit gained all time high
Buy Range - 110-120
Target - 200 ++
SL - 82
This chart is for only educational purpose
Low risk-high return : min10% returns : Take a lookHuge potential is there.
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "315"
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If you are interested in investment, go for it with proper risk,
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Overall " biocon" fundamentally good stock.
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for proper reversal and conformation.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
Refer over old posted idea attached below.
low risk-high return; min 30% ROI ; swingAdd this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - " 110 ".
Avoid Trade untill ENTRY level.
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Entry: 110
target: 120- 144-150
sl: 102-95
major stoploss/ support: 94
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Enter only if market Retrace and Breaks
"Yellow box" mentioned.
.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
.
Refer over old posted idea attached below.
Paras defence-IHNS pattern formationParas defence is a stock from defence manufacturing sector.
Stock has formed inverted head and shoulders pattern.
Risky traders can enter before breakout for better risk reward.
Stock will fly once the neckline is crossed. Decent stock for long term as defence sector is major beneficiary of India's Make in India program.
Sunteck-A potential rally pending in this realty stockWe have seen a massive bull run in most of Realty stocks like DLF, Oberoi, Godrejprop, etc.
However, suntech has been consolidating in an inverted head and shoulders pattern for last few years. This is mainly due to poor sales numbers shown by the stock in past.
530-550 is a strong supply zone for the stock. Once we see a monthly closing above this, we can see massive upmove in the stock. Also, Q4 2024 results are amazing which can fuel the rally.
Keep in watchlist. Not a recommendation.