HUL - HALLA BOL 🐛 🐛#LONG
entry above 2402.20
target 1 - 2425/2431
target 2 - 2462 / 2477.85
target 3 - 2496
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ITC
ITC for Investors & positional tradersITC for Investors & positional traders
looking at monthly chart,
Price Movment : after covid market crash ITC respected almost 9yr old monthly trend line and made a base for uptrend again by forming HH & HL on monthly time frame.
Volume : at the same time after covid dip monthly volume is also increased almost more than twice compare to past few years before covide dip.
looking at monthly volume definitely Accu mulation of ITC stock is going on .
Wave study : if we talk about waves bullish breakout of recent down trend line may end corrective wave 2 and head us towards wave 3 which generally calculated as 1.6 times the wave 1 (previous uptrend) from the price point of covide fall, price dip.
Very good opportunity for Investors.
Trade/Investment Execution can be as below
Buy @ Current levels (any price above 200 to 225 )
STOP LOSS : 190
Target : T1 270, T2 320, T3 360, T4 - depend on future price moment (generally 1.6 times of wave 1 )
Disclaimer : this is just a study on stock investment idea, please do your own research to understand price movement, Always Respect STOP LOSS in case trade/investment tern in a loosing trade/investment.
ITC LONGAccumulate ITC between 207-205 with sl 202
Short Target 1= 219 Target 2= 225
Long tern Target 238
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
#RAYMOND CMP 385 Target 583 (50%+) #NIFTY #BANKNIFTY #stocks #it#RAYMOND
NSE: RAYMOND
CMP 385.65
Target1: 476
Target2: 583
SL: 359
TimeFrame: <5-6 months
Can hold for a longer term. Price from now might double.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
#ONGC #TIDEWATER #OIL #IOC #HINDPETRO #BPCL #DIESEL #PETROL #IT#ONGC
NSE: ONGC
CMP 117.60
Target 130+
Time frame < 2 months
Factors:
Petroleum sector booming
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 130 in longer time.
PEER COMPARISONS:
NSE: ONGC
NSE: TIDEWATER
NSE: IOC
NSE: OIL
NSE: HINDPETRO
NSE: BPCL
NSE: PETRONET
NSE: SUPPETRO
NSE: CHENNPETRO
NSE: RELIANCE
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#TRITURBINE 107 to 122+ 15% return #Nifty #bankbifty #energy #it#TRITURBINE
NSE: TRITURBINE
CMP 107.50
TARGET 122++
HOLD AFTER BOOKING APART!
Long Term Target 146++
Factors:
BREAKOUT
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Fundamental are strong.
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming
The stock has potential to go beyond 146 in longer time.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
ITC - Perfect Descending Triangle | Target - 225,240🔰 MY thought process :
⭐Multiple supports at the triangles lower side and 3 times good reversal from the upper trendline
⭐Volume profile is showing its trading at the most crucial and most tradable supply demand zone, a breakout from the trendline might initiate a good upmove :)
⭐Risk : 206 can be taken as a good SL where we can take 225 as 1st target and 240 as 2nd . :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today as posted guys :)
Also keeping an eye on JSW steel too seems bullish to me :), All the analysis already posted :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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