DMART LONG Dmart in sip and long term accumulation zone.
HOLDING PERIOD- 1-2 YEAR FOR BIG GAINS.
FEW CHECKPOINT -:
1. monthly and weekly rsi not in overbought zone.
2. price above 200 ma
3. similar chart pattern repeating again and its 3rd time.
4. Good fundamental with good results just taking a correction and soon will be ready for long run and newer highs.
5. june quarter sales increased compared to PY june quarters result and if compared previous quarter results are good .
Testing patience of long term investors and without pain there will no big gains.
JUST BUY ON EVERY DIP AND HOLD FOR BIG MOVE AND BIG GAIN.
Longterm
Indraprastha Gas: Breakdown or potential rise ?Hello guys I am back with another Interesting Analysis.
This time we will discuss about Indraprastha Gas Ltd. in a very easy to understand and end of the section I will reveal my personal opinion on this stock.
Current Chart Pattern:
Currently, the stock is in an uptrend, following an ascending parallel channel pattern. When we examine the daily timeframe, it's evident that the stock has been consolidating within this pattern for the past 1.5 years.
Previous Price movement:
Looking at the weekly timeframe, the stock was previously moving in a rising wedge pattern. However, in 2021, it experienced a breakdown and underwent a correction of 50%.
Current price movement.
>>Since that decline, it has initiated an uptrend movement while forming the current channel pattern.
>>Recently, the stock experienced a 15% decline again from its peak and moved outside of its parallel channel pattern.
My Commentary on "will it fall or Rise".
So, When we look at how this stock behaved in the past, we see that after big drops, it often bounced back strongly. This time, the stock has fallen below its usual support area, which seems like a normal pullback. Interestingly, it found support at Fibonacci S3 (420 level) and started rising again.
Now, Looking at its Financial data everything looks great, The company is currently undergoing its highest-ever sales and profits.
To cut the Long story short, I'm still positive about this stock, considering this level as good opportunity. But when it comes to entry it is better to wait for a strong confirmation. Ideal entry would be when it breaks the 450 level with comparatively big green engulfing candle, we can take a small stop loss at 415 level to capture atleast 25%.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note: This is for informational purposes only. Do your own research before investing.
Cup & Handle Pattern Breakout Seen in Guar GumHello Guy's, i have brought analysis for Commodity lovers on Guar Gum. Chart is clearly showing a Cup and Handle breakout on daily timeframe and it is supported by rising volume. MACD is sustaining above zero line and has formed a bullish crossover. All these observations are seen in the daily timeframe chart. A long trade can be taken in this Guar Gum for healthy upside. Well i have written everything on chart, but still writing here.
Important levels in Guar Gum:-
Buy between in the range of 13300-13000 levels.
Targets we can see in upside 14078/15166/15836.
Keep stop loss at 12538.
Bullish Crossover in MACD supports the bullish view.
So, Guy's according to Price action and MACD bullish crossover, a rally is expected towards 15000+ levels. So trade accordingly.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Deepak Fertilizer: Plain simple chart analysisDeepak Fertilizers
One may look to accumulate the stock at cmp and on dips towards 485 from Medium to Long term perspective.
Momentum may come once it crosses above 580 odd levels.
Take care & safe trading..!!!
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
INOX WIND will give good returnswe see in the chart that the stock changing its momentum
we will see that the stock will give good returns on the monthly chart
Central resistance zone between 235 to 310 rs approx.(+-5)...above 233 will see a sudden change in north direction...book profit at 300 rs and if broke 310 monthly then the stock will show further momentum
first target:235
second target:305 approx.
sl:165 rs on a closing basis
views are personnel...we are not sebi registered...
ENGINEERS INDIA - 164% RETURNS!!!BUY - ENGINEERS INDIA
CMP - Rs. 75
Target - 1: Rs. 117
Target - 2: Rs. 150
Target - 3: Rs. 200
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Comment: Targets 2 and 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern indicating Bullish Reversal.
2) Targets set using Fibonacci Retracements and Gann Angles.
3) The stock is at support.
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GLENMARK PHARMA - 140% RETURNS!!!BUY - GLENMARK PHARMA LTD
CMP - Rs. 449
Target - 1: Rs. 702
Target - 2: Rs. 914
Target - 3: Rs. 1061
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Technicals - 1) Harmonic Patterns - Anti Nen Star, Sea Pony, Leonardo
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comments - Target 2 and 3 will be achieved in the long term.
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LSIL - 85% RETURNS!!!BUY - LLOYDS STEEL INDUSTRIES LIMITED
CMP - Rs. 16
Target - 1: Rs. 21
Target - 2: Rs. 24
Target - 3: Rs. 30
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Technicals - 1) Bullish Harmonic Pattern - Sea Horse.
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comment - Target - 3 will be achieved in the long term.
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United Spirits, for Swing trade and Positional tradeThe best company with strong technical and fundamental.
Double bottom formed and gave breakout last week.
Conservative traders wait for retrace and then go for entry.
Aggressive traders can enter at the Current market place itself.
Short term Target 1220 🚨SL must, it depend's on your risk appetite
Long term Target Hold for decade
🚨DYOR