BUY RELIANCE NEAR BREKOUT ON WEEKLY CHART , Reliance showing strength to breakout and may hit a new high ,volume is good .
one may go for breakout trade with stoploss near 2250 .
for the tgt ;- 2500+
Largecap
ASIAN PAINTS PRICE ACTION ANALYSIS. Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support.
Place your stop loss level below the demand zone 2.
The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book your profits here and wait for the price action for a new position.
All the levels and information is mentioned on the chart as well.
Happy trading :)
This is just for educational purposes. Trade responsibly with proper financial advice.
Reliance Industries price action analysisReliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side,
Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so be it becomes absolutely important to wait patiently for a trade position.
Above the supply zone, all the shorts could be trapped, a short covering move could give a strong rally upside.
This is a neutral idea. So there are no targets. Once we have a proper trend, we will set targets.
Happy trading :)
This is not investment advice, please consult your financial advisor before investing.
Investment Idea || Larsen & Toubro LtdWeekly Investment Idea | Large Cap Stock | Larsen & Toubro Ltd #LT
1) Good weekly close.
2) Inverted Head & Shoulder Breakout.
3) No near term resistance. ATH.
Free Tip #Calculation of Target in INHS type of breakouts:
Target = R1 + (R1-S1) = 1600 + (1600-765) = 2435.
Note: Above values are approx. values. Please refer chart.
Naukri - Big Breakout on the wayWe already chunked good profit and Sitting tight in same. from level of 4300 .
If anyone wanted to buy or take entry/Fresh Position
Just buy above 5550 closing
Or risky come with me CMP 5360
SL 5000
Tgt 5800 6200 6600++
Adani PortsCMP 669
Good likely opportunity to Buy at Rs 620.
Wont Go Short here, though its 7.5% downside from here.
The upside potential from 620 levels seem enormous.
HEG ready for a blast✔heg cmp 2195
add @2100 range
2370-90 acting as a good resistance.
once it breaks the resistance, we can see a good ride in the stock.
Why was it selected❓
🔹expecting good growth in this company
🔹Technically looks good.
🔹Funda almost good.
🔹Good numbers.
🔹Company is almost debt free.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
HEG Ltd is India’s leading graphite electrode
manufacturer. It has one of the largest integrated Graphite Electrode plants in the world, processing sophisticated UHP (Ultra High Power) Electrodes. It is the premier company of the LNJ Bhilwara group.
Thank You.💚
Like🔹Comment🔹Support
Adani Ports: Great Assets First Target : 600 !!
Then there would be a recovery.
Final Target: 420 !!!
HCL Buy IdeaHCL is a largecap IT company which has made a price action reversal at support zone. So enter the trade with excellant 1:4 reward ratio.
APOLLOHOSP BUY IDEAIt has been non stop rally for Apollo hospitals because of ongoing Covid scenario. It has a very good trendline and also recently bounced form the trend line. Hence enter the stock now for upward swings.
COAL INDIAIt appears strong both in the short term as well as medium term. It could test 150 (short term) and above that 165/190. For short term the view negates below 137
Nifty/Small Cap Relative StrengthPost SEBI's circular on Multi Cap this chart warrants attention. The current reversal which has seen the Small Cap Bullish revival is now at a monthly as well as weekly support of a Spread Strength Comparison of Nifty / Small Cap. For further out performance of Small Cap Index over Nifty (Large CAP) this support has to broken decisively. Else it might once again go and test it's recent high.
Relative Strength Study
Buy Reliance above 1619 SL 1490Technical Trade - Price is contracting and the volume has been shrinking since the past month or so. Last days have seen a lift with substantial volume is choppy markets.
SBI / Alternative LookHare Krishna !,
Showcasing some technical confluences for a possible alternative outlook.
A break an close above the channel will open doors to 315
All in the chart.
Good Luck
INFY - Update for Long IdeaHaribol !,
Had Bought the stock yesterday( Infy Long) as per the linked idea below.
Now moving stop loss at break even( Buying price of 815.70)
Even if it comes down i don't loose anything, but if it goes up i make some money.
Always respect the unpredictability of the markets and take the profits when they come.
Always keep your trading professional
Good Luck
TCS Intraday Short"humpty dumpty falling off the wall"Sell TCS @ 2180.
SL @ 2197
Good Luck
Hare Krishna !
NIFTY HEAVYWEIGHT TUMBLING DOWN !Tata Consultancy Services
Lets Analyse :-
a)TCS which has the single largest market cap in the Indian stock market dropping down for the ' 5th Consecutive Day '.At the same time the Nifty is showing some strength.
b) Looking at the chart we can clearly see that the stock has found sellers in between 2250-2300 price range on 3 different but consecutive occasions.
c) It has found support in between 2030-2070 on two consecutive occasions...and has a high probability that it may try to find support here for the THIRD TIME .
d) Also we have the 200 Ema lining up at the level.
e) There are very very minor TA confluences like H&S /Elliot wave 5/Divergence etc also flavoring a drop.
Looks a great sell till 2070 at-least.
All the very best
Hare Krishna
