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Longposition

POLYCAB - Weekly Channel pattern - Read description carefullyPOLYCAB - 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 channel breaks with good volumes and my stop loss will be if the stock comes back into the channel.
NSE:POLYCAB
by SwingtradesbyAbhishek
Exciting times for MAZDOCKTechnical 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 breakout from this pattern is a powerful signal of a shift in sentiment from bearish to bullish. 2.Retest Triumph: What's even more noteworthy is the successful retest of the breakout level. The fact that MAZDOCK revisited and held above the breakout point adds robustness to the newfound bullish momentum. This is a positive sign that the bulls are ready to take charge. 3.Volume Confirmation: An essential aspect of this trade is the observation of strong volumes accompanying the green candles during the breakout. Healthy volume confirms the authenticity of the move and suggests increased market participation, potentially indicating sustained upward momentum. In summary, MAZDOCK'S chart is looking quite promising for swing traders. The rounding bottom breakout, coupled with a successful retest and notable volumes, paints a positive picture for potential future gains. Conduct your due diligence, monitor the price action closely, and make informed decisions. Remember, this post is for informational purposes only and should not be considered financial advice. Always perform your analysis and trade responsibly. Best of luck with your MAZDOCK trades!
NSE:MAZDOCKLong
by TTS007
Right time to invest in WIPROIn 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 carefully couple 7 consecutive 7 week creating green candle with a good volume. It's a good sign for investor.
NSE:WIPROLong
by KaustavHazra
1
Hindustan Institutional buying zone 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 half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Hence, if one does go long, I personally am buying as close to the zone as possible and then will be adding more as positive signs are shown. One downside is that the overall market is taking a beating and a dead cross has formed on Hindustan Uni Keep It simple
NSE:HINDUNILVRLong
by Krish_Kohal
BRITANNIA: Forming Symmetrical Triangle PatternBritannia 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 year. Disclaimer: This idea is only for education purpose, Please consult your financial advisor. I am not SEBI registered.
NSE:BRITANNIALong
by paras0408
Ready for breakout - EID ParryEID 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 a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:EIDPARRYLong
by anuragcoma15
Great volume breakout in Balaji AminesBalaji 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 my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:BALAMINES
by anuragcoma15
Weekly breakout with VolumeAdvanced 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 / 480 Disclaimer: I'm not a registered analyst. I'm only sharing my opinion on the platform for others to benefit & learn from my market understanding. Please do your due diligence before making a trade.
NSE:ADVENZYMES
by anuragcoma15
HDFC BANK Long Trade.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: RSI is about to oversold. As observed whenever RSI was found below 35 then the movement was shifted to upside. 3: Good fundamentals 4: Good Risk to Reward ratio. Thanks Disclaimer: This idea is only for the Educational purpose. Trade at your own risk. If you like the idea kindly support.
NSE:HDFCBANKLong
by S_Rawat
EUR/USD Price AnalysisThe EUR/USD pair is currently trading around 1.0970, facing slight losses in the early European session after pulling back from a four-month high of 1.1017. Traders are awaiting inflation data from Italy, France, and the Eurozone, with the Eurozone Harmonized Index of Consumer Prices (HICP) expected to show a 3.9% YoY growth in November. From a technical standpoint, the EUR/USD maintains a positive outlook, staying above the 50- and 100-hour Exponential Moving Averages (EMA) on the four-hour chart. The Relative Strength Index (RSI) is in bullish territory, suggesting a favorable trend for the pair. Immediate resistance is observed at 1.1000, marked by the Bollinger Band boundary and a psychological round figure. The next resistance levels are at 1.1017 and 1.1042, followed by a potential rally to 1.1150 if buying momentum persists. On the downside, a key support level lies at 1.0930, indicated by the lower limit of the Bollinger Band and the 50-hour EMA. Further support is found at 1.0895 (low of November 24), 1.0867 (100-hour EMA), and 1.0825 (low of November 17). Monitoring these levels can provide insights into potential price movements.
by tradewith_ritik