Multipattern Analysis on IDFC First Bank!NSE:IDFCFIRSTB Analysis!
Multipattern Analysis on $NSE:IDFCFIRSTB!
Analysis on a Weekly Timeframe!
Analysis:
I have done the overfall analysis of IDFCFIRSTB since its inception. It looks very complicated but if you know all the patterns it is just like anything. I have combined all the patterns with the Support and Resistance Trendline. Don't get confused. Read the chart thoroughly and you'll get a better idea of where to enter and where to exit. As you can see in Chart 3 most important reversal patterns are there.
1) Triple Bottom Pattern 2) Double Bottom Pattern 3) Inverted Head and Shoulders Pattern
Now the price is moving in a parallel channel but we can see the Flag and Pole Pattern Formation is going on. Aggressive investors can enter at current price levels as the price is above 50EMA. But my suggestion would be to enter only after the upside channel breakout.
Trade Setup:
Entry= Current levels are good for aggressive investors. Conservative investors can enter after Flag/upper channel breakout
Target= Nearest Possible Target would be 100.70(New All-Time High Level)
Stop Loss= Below 75.66
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Invertedheadandshoulders
CDSL -Bull run 2.0 loading?CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market.
Stock has formed a beautiful inverted head and shoulders pattern near ATH.
A breakout of the pattern will bring more bullishness in the stock.
I would rather prefer adding on dips than having a close SL in such stocks.
Sansera-IHNS breakout coming near ATH!Sansera has been consolidating at its ATH since past few months and has formed a beautiful inverted head and shoulders near the same.
Once 1100 is broken DCB, we will see quick upside in the stock.
Today, Q4 results are going to be announced, hence we might see gap up/gap down tomorrow.
Only risky traders should enter today.
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!
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 ".👍
.
.
Wait for small retracement & daily candle to close above - "3050"
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
.
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 ".👍
.
.
Wait for small retracement & daily candle to close above - "315"
.
.
If you are interested in investment, go for it with proper risk,
.
.
Overall " biocon" fundamentally good stock.
.
.
Enter only if market Breaks
"Yellow box" mentioned.
.
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.
.
Entry: 110
target: 120- 144-150
sl: 102-95
major stoploss/ support: 94
.
.
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.






















