CARBORUNIVCARBORUNIV:- Cup and handle pattern has formed on the weekly chart, keep an eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Investing
Vindhya Telelinks LimitedVINDHYATEL:- If you see in the stock, head and shoulder pattern has been formed, the stock had also given a breakout, but the breakout failed, but the stock has closed above the resistance even once, if the stock sustains, then we can make a plan.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Mrs. Bectors Food Specialities LimitedBECTORFOOD:- Head and shoulder pattern is formed but wait for the breakout to plan something only after that keep your eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Nelcast : +62% to +348% Upside PotentialNelcast 21 Dec 2022
In Play : HH-HL
Summary
- Breakout with huge volume
- Classic Cup & Handle
- ATH is at 119.75(20 Dec 2022)
Conclusion
- CMP 118.40
- Position can be initiated for potential targets
- Higher targets could be around
• Short Term - 152/180 (3-5 months)
• Mid Term – 217/244/292 (6-12 months)
• Long Term – 426-531(18-24 months)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
RAYMOND LTD : PRICE CONSOLIDATION NSE:RAYMOND
Raymond Ltd price consolidation with volume shrink.
The major trend is bullish, the new bull leg is started after a strong breakout with high volume and the price has formed a triangle pattern on 30 min TF, If it breaks the 1515 level then it might show good momentum up to 1550 in intraday, and for positional it should close above 1550 in daily candle for further up-move.
Use position sizing according to your stoploss level.
like this idea if you find it useful and please share with your friends.
keep learning,
happy trading.
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Crompton greaves W pattern waiting for breakoutCrompton greaves making 2 of my favourite setup's in weekly TF, W pattern & inside candle consolidation. Weekly RSI & ADX +DI also ready to blast, above 411, 434, 457 can come immediately. Only dampener can be correction in Nifty else every thing looks good here.
Bluestar, another star waiting to explode above 1085Weekly chart of Bluestar shows promise, I have been tracking this stock for last 1 year now. From 8th Nov 2021 price resistance of Rs 1085 been multiple times tested, 2 consecutive daily closing above this level can bring fresh momentum. If you are a breakout trader (keeping yesterday correction in Nifty), enter only with 50-60% of plan qty and pyramid more once it sustains above 1085 for a week or so. Pull back traders can add 30-40% qty at 1008 and more near support area. Weekly resistance has just crossed 57, daily RSI still not in overbought zone, make this an interesting stock to watch out for.
Weekly chart of Tanla platformWeekly chart of Tanla Platform, although I am not in favour of catching a falling knife but risk reward is looking to good to miss out. Price has taken support at low of Dec'20 and reversed. There is some change of hands kind of volume by company called "XTX markets LLP" on 27th July, but can see some volume post that also. People who have missed out riding previous wave in Tanla may think of encashing this opportunity. Can we enter with 20-30% of the plan qty for tracking basis, add more once price breakout above trend line resistance above 1000. Keep eyes open
NIFTY bullish above 18400NIFTY - Why to keep bullish bias
☑️ 0.61% retracement done
☑️ buying from previous swing top
☑️ channel support taken
☑️ 18400 becomes confluence zone
Friday selling looks more like a major shakeout. Once bulls reclaim 18600 and go above 18640-18670 band, upside should continue
@TradeStrikes
This all-time high aerospace defence player is worth studying!Rossell India Ltd has two very diverse businesses, namely Tea and Aerospace Defense (Engineering, Manufacturing, and Services). It has spent 27 years in the Tea division and nine years in the A&D division.
The company's Tea business is well-established, with a strong presence in India and other key markets. The A&D division is a relatively new venture for the company but is already proving to be highly successful. Add to this the defense sectoral tailwind that has been ongoing for quite some time now.
The same is also evident on the charts, with the price hitting all-time highs after a solid base breakout on above-average volumes.
With a strong track record in both divisions, Rossell India Ltd appears to be a company that is worth keeping in the radar.
Larsen & Turbo making a new highLarsen & Turbo is making a new high after more than 11 months. On the weekly time frame it is a very strong breakout, and on daily basis it has set up quite nicely for a positional trade, If one has missed it, can enter on a correction on hourly timeframe, keeping stoploss below the indicated red line. Keep in mind that, risk management is "everything" in trading.
SATIN - Ichimoku Bullish Breakout Stock Name - Satin Creditcare Network Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 175
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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INFY available at good price, khareedo bindaas 1258-1308INFY is down by 30% from its high made in Jan'22, and now available at good risk reward ratio. Its near good support zone and entry in the price range with 30-40% plan qty near 1258-1308 (which was price May'21) looks good. In my opinion if any fundamentally strong company is available at good risk reward zone then we should plan an entry but with risk management in place. Only problem right now is RSI which during May'21 was in the range of 60-70 which is now at 37. Thats the reason I am asking to enter only with 30-40% plan qty and more once price close above 1476.
Enjoy
DLF : +35% to +147% Upside Potential01 Dec 2022 DLF
Stock BO today from the previous 10 months rejection levels in 400-415 zone, which is supported by volume.
In Play : HH-HL
Summary
- Stock BO from 10 months 400-415 zone
- BO with Volume
- TL BO : Confirmed
- Above POC
- Text Book Head & Shoulder Pattern
- 519 is 13 Year SH ‘’STRONG RESISTANCE’’
Conclusion
- CMP 412.70
- Long Positions can be initiated
- 483-519 level can act as strong resistance
- Higher targets could be around
• Short Term – 483/519
• Long Term – 539/623/987
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat