Disclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions.
Buy if:
Follows current price action movements with Volume support
Respects Triangle pattern formation
RSI...
We can buy the new order after the candle will close above 2007.876 and then wecan target the 2012 zone for sure but after that we can see the retractment in big time frame so please be patient while placing new order or just watch the market
Central Bank Of India:
CMP: 48.30
Exciting news! Central Bank Of India has recently experienced a breakout, a trend we've noticed performing well historically, especially when accompanied by volume. Today, we observe a breakout, albeit in the form of a trend line.
Watch closely : If the price surpasses 48.50, we'll consider a long entry, managing risk...
MEP appears promising to me, and I'm optimistic about its potential to be a multibagger. I've acquired some positions at 15.95, and I believe the current price remains favorable for investment. As of now, our stoploss is set at 11.
Disclaimer: Investing in stocks carries inherent risks, and past performance is not indicative of future results. It's important to...
ABFRL (Aditya Birla Fashion and Retail Limited) :
The stock is currently consolidating in a sideways zone after a significant downtrend.
Key Points:
Downtrend and Sideways Phase: ABFRL has experienced a notable downtrend followed by a period of consolidation in a sideways zone.
Promising Signal: A potential bullish signal will be triggered if the stock...
Ashok Leyland, based on the analysis using the Stock Navigator by FnOGyan Indicator, presents a compelling long signal on the daily time frame. The indicator suggests a positive outlook, supported by strong volume building up. The stock has demonstrated resilience by repeatedly finding support near the trendline support area, indicating a robust underlying...
Put it in your watch list guys and set the alerts for breakouts and targets
if the prevailing conditions satisfy then the price should move as per the given breakout assumption.
Can grab the Targets of 418 and 435!
Get Ready ;)
🍽️ Zomato Ltd., CMP: 130
Zomato recently exhibited a trendline breakout on December 14, closing above it. A successful retest followed, and another breakout unfolded yesterday. Today, the pattern from that breakout is holding.
Anticipating Zomato to serve us a delightful dish at the 147 rupees point.
📉 SL Reference Guide:
For Stop Loss, refer to the...
ITDC
1) Time Frame - Weekly.
2) The Stock has given 6 years consolidation breakout with huge volume & strong bullish candle close in weekly.
3) The next target / resistance would be its previous life time high (747 - 17% from the current price 636.70).
4) Recommendation - Strong Buy
Shankara Buildcon is nicely absorbing the supply, and looks like slowly the bulls are going to control this scrip. Looks good for 15-20% move from here on.
Stoploss 740
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop...
📈 Key Points:
1. Up-Trend Momentum: The stock is riding a strong up-trend, signaling positive market sentiment.
2. Breakout Confirmation: A recent breakout, coupled with a successful retest, indicates a potential upward trajectory.
3. Entry Strategy: Planning a long entry as the stock has surpassed 23.60, aligning with the breakout momentum.
4. Risk...
IREDA forming Bullish Pennant pattern. This might be good for swing trading.
Points to Considered:
1. Pattern formation
2. Volume analysis
3. Any Conformation for Entry
4. RSI
NOTE: IF IT CLOSE BELOW 20-EMA & RE-TEST IT, DO NOT ENTER FOR LONG.
Pros:
Flag pattern
Breakout
Took support on Fibo levels
Swept the liquidity to move up.
Cons:
Breakout with less volume
No breakout on Daily Time frame
Volume doesn't looks good during the pattern
echnical Analysis Update (18 January 2024):
Trident stock has found strong support around the 43 level, as we anticipated in our previous analysis. After a brief dip below this zone, the price has bounced back convincingly, signaling a potential bullish reversal.
Bounce Confirmation: The recent price action shows a clear bullish engulfing candlestick pattern,...
This has given a good breakout on 20th DEC with good volume.
Considering it as a good breakout, entering based on the Fibo level.
NOTE: There is a strong Bearish RSI divergence. Assuming that it is because of the profit booking, one might still hold the stock.
