POLYCAB - Although the company has corporate governance issues, there could be good swing trading opportunities in the stock.
My thoughts (not a trading recommendation): 2 scenarios -
I'd go long if the stock takes support at the channel bottom with good price action & reversal candlesticks. My stop loss will be if the channel breaks.
I'd go short if the...
Technical Analysis:
Exciting times for MAZDOCK as it showcases a compelling setup for swing traders, marked by a significant development in its chart pattern:
1.Rounding Bottom Breakout: MAZDOCK has been diligently forming a rounding bottom
structure
for over three months, indicating a potential reversal of the previous downtrend. The
...
Exide Industries has given a multiyear breakout after 5 years....
Stock can retest at levels of 300-305
Targets are 375, 406, 430, 456
My view is for long term
Only for educational purpose
Do your own research
On day chart
Rune is pulling back to $3.5 now
This level is demand zone and golden ratio so I think RUNE will bounce back from this level
Wait for next move
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: APLAPOLLO
🔍 Description: Stock is in a pattern and now near to the support level.
View is bullish if support is intact.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
On Week TF
Solana's in Fibo Channel and it's trading at $108 now
I found a #FairValueGap around in range $80 - $96 so I expect SOL will pullback and bounce back from this range
Besides, this range included #GoldenRatio
So I think the chance for long position
Time will tell
In weekly chart we can see after double top price was fall. And whole 2023 reate a strong support at 441.70.
Very Strong Support - 441.70
Now 464 resistance level is breaking. If we see this week creating a red candle but volume is good and as expected price will go higher and touch 500 within couple of month.
It Creating cup and handle pattern.
If we see very...
Similar to the HDFC analysis I gave, Hindustan Uni has approached its major support zone where it has had three previous 12% rallies from.
position Sizing is recommended...
What is position sizing?
It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second...
Today rvnl has done a bullish break out With a bullish singnal on it. I recommend you to buy and hold it at least a month or so. You Will get good results. In fundamental analysis in February government will announce the budget of the rail way sector.which will inventualy pump the price till then I recommend you to hold. NSE:RVNL
Britannia Industries Ltd is forming a Symmetrical Triangle Pattern as it is about to give a breakout from 4600. Based on the pattern, one can enter around 4600 after the breakout and target can be set around 6250-6300 with Stoploss to be set around 4200. This gives us risk to reward ratio of 3.99. Pattern is forming on weekly chart with horizon of 2-3...
Apollo hospital has been bullish in past 3 days after it formed a positive reversal in the Daily-Time-Frame and took support at 5275 close to the 50 SMA.
Today im observing a positive reversal once again in the 1Hr Time Frame.
My Entry in Apollo Hospital would be at 5688, with a stop loss at 5653 and a target at 5759.
Happy Trading!!
INFOSYS has shown some sort of demand on 1hr timeframe right at the lower trendline which has been forming since 6+ months. One can make long position in the same with a target of the upper band of trendline.
Stop Loss: SL has to be below 1,325
Entry: Entries can be made after formation of a strong candle on hourly timeframe which is also backed by strong...
EID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs.
Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon.
CMP: 565
Breakout level : Today's high (579)
SL: 560
Targets : 540 / 700
Disclaimer: I'm not...
Balaji Amines almost gave a long pending breakout today.
High level of volume seen today, adding to confidence for its breakout soon.
The stock can be considered for buy above today's close, 2208, with an SL of the trendline shown or simply 2295.
First target will be 2600 where resistance can be seen.
Disclaimer: I'm not a registered analyst. I'm only sharing...
Advanced Enzyme has made a consolidation breakout. Breakout is supported with high Volume, which is almost 4 times of its average volume.
The breakout is also made Cup & Handle pattern over a period of almost 2 years. This pattern is generally quite reliable for the further hike in stock price.
Breakout level : 350
CMP : 360
SL: 345
Targets : 410 /...
Right Time to Invest in HDFC BANK.
Buying Range : 1615 to 1620
Stop Loss : @1595
Targets : 1650/1680/1725/1775/1840 ++++++
Reasons to Buy:
1: HDFC bank following a channel from past one year, and now again taking support from the channel low i.e. @1615.
So basis idea is that, we will follow the price up to channel high (i.e. @1775-1840).
2:...
If it crosses 2214
Entry price: 2214.10
Stop loss: 1949.95 (11.94% risk involved)
Target: 2745.40 ( reward of 24% with 11.94% risk)
Enter into the stock if one is able to take risk of 11.94%
I am entering this stock with 11.94% risk
I am not SEBI registered individual, please do your own analysis before taking a trade , this is only a trade idea
