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Gujrat Gas Ltd. Possible Breakout in Gujrat Gas Ltd. Best Buy: After breakout of the triangle pattern @ 500 to 510 OR Buy if found near support of 470-480. Stop Loss : 460 & After breakout 470-80 Target: 570/640/700/750+++ Reasons to buy: 1: Good weekly support from the bottom. 2: Possible Symmetrical triangle breakout. 3: Trending just above the 200ma. 4: Taking good support from the 200ma line. 5: Good ROI. PS: Kindly trade with strict Stop Loss , as Symmetrical Triangle may break in any direction. Thanks Disclaimer: This idea is only for EDUCATIONAL purpose. Kindly trade at your own risk.
NSE:GUJGASLTDLong
by S_Rawat
MANYAVAR - LONG ENTRY MANYVAR qualifies for long entry now. Volume is greater than previous session by 70.69%. Volatility: ATR% of the stock is 2.56% Moving Average Observations: Price above 50-day, 100-day and 200-day Moving average. RSI Observations: The Daily RSI indicator has crossed above 70 in the current session. Current Daily RSI reading is 70.99. ADX Observations: The Daily DMI position remains bullish. Donchian Channel Observations: Price is above middle Donchian channel (Bullish). Ichimoku Observations: Price above Ichimoku clouds. Bollinger Band Observations: Price is above middle Bollinger band (Bullish). Weak Below 1300
NSE:MANYAVARLong
by YASHSINCE1995
Data Patterns: Potential Profits of More then 30%Trade Report: Unleashing Potential - Data Patterns Soar on Technical Breakout Introduction: Data Patterns, a stock under scrutiny, has recently exhibited compelling technical signals, igniting excitement among traders. The stock has not only broken out of a wedge pattern on the upper side but has also witnessed a simultaneous breakout of both the 50 and 100-day Exponential Moving Averages (EMA) on today's trading session. Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors! Technical Analysis: Wedge Breakout: Data Patterns has successfully breached a technically significant wedge pattern on the upper side, indicating a potential bullish momentum in the stock. EMA Breakouts: The breakout of both the 50 and 100-day EMAs signals a strong upward trend. This reinforces the bullish sentiment and suggests the potential for sustained positive price action. Above Major EMAs: Notably, the stock is currently trading above all major EMAs, including the 13, 20, 50, 100, and 200-day EMAs, affirming a robust bullish trend. Trade Entry and Retest Opportunity: Traders have two strategic options for entry: Immediate Entry: Take a position now at the current price of 1979, riding the momentum of the recent breakout. Retest Entry: Alternatively, patient traders may wait for a retest of the breakout level near 1890 before entering the trade, ensuring a more conservative approach. Risk Management: Stop Loss: Place a stop-loss order at the 200-day EMA , approximately at 1790, to mitigate potential downside risks. Upside Targets: Anticipated upside targets for Data Patterns: 1-2100 2-2300 3-2500 Conclusion: Data Patterns exhibits strong technical signals, suggesting a potential bullish trend. Traders can choose between an immediate entry or a more conservative retest entry strategy. Risk management is crucial, with a recommended stop loss at the 200-day EMA. Upside targets provide a roadmap for potential profits. Disclaimer: This analysis serves for education, not as advice. Trading involves risks, so tread cautiously and make informed decisions. Best of luck in your trading endeavors!
NSE:DATAPATTNSLong
by ZoneFlow
Reliance LongPlease note that I'm not a financial advisor, and investing in the stock market involves risks. It's important to do thorough research or consult with a financial professional before making any investment decisions. Reliance Stock Today at 2399 Rs. Better Risk to Reward Entry Condition Entry with 1/2 Quantity Stop Loss Below 2280 on Day Basis If Stock Cross Above 2475 Again Enter With 1/3 Quantity Trailing stop loss to Entry Price Wait for Target 1 and Target 2 Keep an eye on ADX on 4Hr Time Frame for Profit Booking there has been a consolidation over four quarters, which might indicate a period of stability before a potential breakout. Remember that market conditions can change rapidly, and past performance is not indicative of future results. It's essential to stay informed about the company, market trends, and other relevant factors that could impact the stock. Additionally, make sure your position size and risk exposure align with your overall investment strategy and risk tolerance. If you're not familiar with any of the terms or strategies mentioned, or if you have doubts, consider consulting with a financial advisor who can provide personalized advice based on your financial goals and risk tolerance.
NSE:RELIANCE
by CapitalGain360
1
BHANSALI ENG POLYM Breakout prediction long opportunityBHANSALI ENG POLYM is a Process Industries/ Industrial Specialties stock that have been consoladating for past 7-Months. by looking the volume spike it seems bulls will be taking the stock to outside the channel now. once breakout is successful, after little consolidation it can give a very nice Risk:Reward :: 1:3 Approx. Reasons: RSI is crossing 60 to upside. (Bullish) 200 EMA have been providing a nice support for very long time. In History also it has been a nice support and resistance. Rectangle Pattern breakout is about to happen. If it gives a popout candle then you may go long by putting a small stoploss. Price > EMA(13,50,200) which shows bullishness. but as it has been a trendy momentum for past 2 weeks. I am expecting it to give little consolidation outside the channel and then bullish momentum. Verdict: Bullish Breakout is about to happen Plan of action: Entry after consoladition BUY: 98-100 after consoladition Stoploss: 96 Target: 111
NSE:BEPL
by finnova_
Long setup in KPRMillAn Rounding Bottom Chart Pattern Breakout happened on the weekly Time frame of NSE:KPRMILL Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned on the charts. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Rounding Bottom Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:KPRMILLLong
by raigvivek
RICAUTO Breakout analysis on 22 NovRicoAuto has given a breakout after taking the support at 200 EMA. As it has given the breakout a nice bullish momentum is expected. The trade has a nice Risk:Reward :: 1:3. Reasons: High spike of voulme shows huge buy interest. Price > EMA(13,50,200) (Bullish) Nice Range Breakout next level of resistance is 109. RSI is crossing 60 to upside means heavy bullish momentum. Price is just above VWAP. Verdict: Bullish breakout Plan of action: Buy = 95.60 Stoploss = 91.40 Target = 109
NSE:RICOAUTOLong
by finnova_
Long Setup in NAM IndiaAn Inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of NSE:NAM_INDIA NSE:NAM_INDIA Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned on the charts. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:NAM_INDIALong
by raigvivek
1
CUB Bullish breakout analysis 21 Nov 23 CUB has given the breakout as can be seen on the chart. we can make a entry once it give us a retrace and then it goes bullish. you can buy the stock once it drops to price 144-146. and hold it till 160 with Risk:Reward :: 1:3 approx. Reason: Stock has given the breakout of rectangle pattern range 120-142. (Bullish) Just EMA(13,200) crossover, also golden crossover. (Bullish) Price > EMA(12,50,200). (Bullish) RSI > 60 crosing to upside. (Bullish) Verdict: Bullish Breakout done Plan of action: Entry after retrace BUY: 144-146 after retrace Stoploss: 141 Target: 160
NSE:CUBLong
by finnova_
Sequent swing bullish Prediction Sequent is performance based stock. It gave a breakout earlier and now after a nice consolidation it seems to move again in bullish direction. Reasons: Taking support at trendline near 200 EMA and VWAP. Moving in Higher HIGH Higher LOW. Important level are marked in the chart. RSI breaking 50 to upside shows Bullishness. Re-Breakout after 3 month of consolidaiton. Verdict: Bullish Movementum Continuous Plan of action: Buy: 101 Stoploss: 98 Target: 112-114
NSE:SEQUENTLong
by finnova_