Persistent - CASHLooks like the stock has break the Resistance level of 4636-4670 and the price has come for retest.
Will create a long position here for target of 4915-4930 with a stop loss at 4610-4600.
Longposition
AbbotIndia - CASHLooks like the formation of cup and handle pattern in AbbotIndia chart.
Will create a long position once we have breakout and the target will be determined by measuring the distance between the bottom of the cup and the pattern’s breakout level.
Berger Paints - CASHThere can be a breakout coming on daily chart of BERGEPAINT. As the stock trying to break resistance of 605-608.
Also looks like an inverse double top pattern on the chart therefore we can create a long position and expect a target of 625-630 with a stop loss at 604-603.
IOC - CASHThere can be a breakout coming on daily chart of IOC. As the stock trying to break resistance of 80.85-81.15
We can create a long position and expect a target of 85-86 with a stop loss at 80.50-80.30
Bank Nifty daily analysis 16 may 23 buyhello, today 16 May 23 bank nifty go life time high, next resistance 44133 if break go up side direction. & 43976 is strong support for down side.
Beware of TrapsBN is on strong bullish trend but also coming near to very strong resistance at 44100 & 44000 mark both as strong resistance as well as they are round number's
most of the traps happens at this levels
Wait of retest and then ride the bulls trend!
LALPATHLAB breakout on weekly trendline with high volumeLALPATHLAB has given a breakout on weekly trendline with high volume. It's good stock and almost trading in downtrend since 2021, and corrected from ATH -4245. Now trend reversal is expected and can achieve targets up to 3250 in coming weeks. Keep eye on it or add at mentioned levels.
The Elliot wave pattern continues? Yes or No? Lets watchin my previous analysis, i have mentioned that BTC is testing important resistance zone. and Yes, BTC was rejected from 30600 levels and now trading around 26500. It was my stop loss point in the analysis.
But Now, BTC is looking bullish as pattern in 1 Day chart indicating towards the Elliot Wave Pattern. But also BTC is testing 100 MA support levels in a Day candle. Previously ( Highlighted in Orange circle ) it was tested at 20400 levels and you can see a bullish pump in BTC. are we going to face the same? well, i have feeling that Yes. but there are few conditions;
1) If we see the same pump as per previous time from the 100 MA support line, We are good and BTC can test the levels of 33K to 35K . Its a very strong resistance in terms of volume, as per my VRVP indicator.
2) If we see more downtrend, BTC going to test levels of 23K to 25K . from there we can see a pump in BTC to levels of 30K to 33K .
Now, i was following my previous analysis, i have taken Short Position from 30200 levels and closed at 27500. Good Profit. BINANCE:BTCUSDT 😃😝. again, i have taken short position from 28700 and closed at 26200.🤩
Please dont forget to add stoploss in any of your trad. Have a safe trading!!!
M_M - CASHLooks like the stock has break the Resistance level of 1224-1227.
Will create a Long position here for target of 1320-1334 with a stop loss at 1200.
Mahindra and Mahindra showing strength for buyM&M stocks has entered into a curcial zone and is looking bullish with increase in delivery percentage...
can be a good buy
Holding Period - few weeks/months
targets- Long
ACH USDT PREDICTIONIt seems a small long position.
All details are fill on the chart pattern.
Here my last analysis on this coin 👇
BUY Exide Industries. for Long Term Hold position as April Month Candle..
Inverse Head & Shoulder Pattern occures on MOnthly Time Fram...
Almost Double or Tripple Target in Exide Industries As per pattern...
LONG HOLD EXIDE as in 1st H&S Breakout Conformed
REC May month watch out Monthly RSI above 60
Weekly crossing at 60
Bb at crossing level and also at resistance
Watch out for next week and if it hold with breakout level
We can enter for 1st target with SL at resistance level
swing trade for long termreason for trade:
200 ema support on weekly candle
Bears are Trap
morning star at 200 EMA
trendline breakout
retest done
entry activated
Long buildup in Futures ( 30% OI increase in last 5 days)
SL marked
Targets are also marked
Entering a swing trade for TEXRAILMaking a falling wedge pattern. RSI showed bullish divergence. Entering trade with a risk to reward ratio of 1:2.
RCF INV H & S BREAKOUT # RCF
1. Inverse H & S pattern
2. Price is respecting Horizontal S & R zones
3. TL BO
4. 50 EMA BO & Retest
5. Volume is above average
6. Close is above PDH 105.20
7. Close is above LMH 106.45
* Educational purpose only *
MACROTECH DEVELOPERS - 56% RETURNS!!!BUY - MACROTECH DEVELOPERS LTD
CMP - Rs. 918
Target - 1: Rs. 1200
Target - 2: Rs. 1430
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Technicals -
1) Bullish Flag BO
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Fundamentals -
1) The company's financials show a steady growth in revenue and profits in the past few years, with quarterly sales exceeding ₹1,000 crores. The company's profits have also increased, with a net profit margin of around 10%.
2) The current ratio and return on equity are both reasonable, while the debt-to-equity ratio is relatively high, indicating that the company has taken on significant debt to finance its operations.
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This is just a view by an expert analyst, please trade at your own risk.
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Follow me for more!
DIVILAB : A MUCH AWAITED REVERSAL RISK REWARD UPTO 1:13.75Divi's Laboratories Limited is an India-based company, which is engaged in manufacturing and sale of active pharmaceutical ingredients (APIs), intermediates and nutraceutical ingredients with predominance in exports. The stock is in downtrend since Oct 2021 and was moving in a channel. However , we saw channel break out on 13 April 2023 and we see that the level @ 3188.55 has supported the price thereafter and may proved to be next swing to the reversal trend. An opportunity to enter the trade as the risk reward ratio is high due to relatively small Stop Loss .
ENTRY @ CMP i.e. 3207 ,
STOP LOSS @ 3046.20
TARGETS : 3911.80 , 4410.20 , 5420
RISK REWARD RATIO : 1:4.3 TO 1:13.75
We rarely get such opportunity with such a great Risk Reward Ratio. Worth taking this risk and certainly a trade opportunity not to be missed .
Please remember that this study is only for education purpose , do your own analysis before trading. Good Luck !!!
Atul AutoAtul Auto is on his way to achieving the target 478 / 509 🎯
Note : This is just for Backtesting and Educational Purpose Only.
JKTYRE - SWING TRADEJKTYRE - SWING TRADE
After a good upmove of more than 120%, we saw good consolidation with low volumes.
Now stock is showing strength again.
Can we see ATH again?! 👀
