Longterm
HDFC Bank big Breakout HDFC bank has just given a breakout from it's double bottom pattern. But volume and Rsi indicates lower strength so we might se pullback tomorrow and that should be taken as an opportunity to enter in this golden stock
Buy at 1645-1650
Targets 1700,1780
SL 1600
Long term 1800 2000
(No SL)
HDFC bank is one the most fundamentally strong company and with its upcoming plans o expanding in rural areas makes it one of the best long term bet.
For short Targets duration is 3-4 weeks
and for Long term targets 1-2 years
SBIN is in Ascending Triangle channel what is Ascending Triangle ?
Ascending Triangle is a bullish pattern that indicates the price moment on the upward side .
I expect a good upward side moment in this channel reasons are as follow
1: its a bullish pattern }
2: no sing of correction in nifty
why not ?
if seen a good correction in nifty then it may fall down...
*always 60-80% technical pattern works*
Sree Rayalaseema Hi-Strength Hypo Ltd Buy for Mid/ Long TermSree Rayalaseema Hi-Strength Hypo Ltd may be considered a buy for Long term.
Please read every point before taking entry - Enter only and only if you feel confident, and if you feel what is written here is acceptable.
Factors for entry:
1. Fundamentally strong (Please go through the fundamentals of the company before messaging me, its easy and direct)
2. The Company is engaged in manufacturing and sale of industrial chemicals and generation and distribution of power - Chemical will be the next segment I will be concentrating on.
3. Technically - weekly trendline broken, strong bullish candles
4. Upper support levels are broken.
However, I won't recommend to buy completely now.
I will personally start building my portfolio slowly (I am expecting it to retest the bottom trendline again, if not then I am satisfied with the present entry).
Initial marked SL i.e below 270, is if people are taking an entry in CMP (What I suggest is better to build the portfolio, slowly adding more if its coming down).
The dark blue line may be followed if daily candle closing strongly above the resistance zone.
I am expecting a retest - so high probability of the dotted line to follow is there.
A safe SL is below 220 (This would be my SL)
TGT: 400/450/500 ++
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
This is for a mid to long term investment only, its not a positional or an intraday trade
PS: Since I am presently sailing- I wont be able to do any intraday trade, and this is the reason why I am not posting any intraday/ positional trades. As and when a good stock appears for mid/ long term investment, I will try to post.
Tata power. RSI Divergence in Tata power indicates the upcoming fall. we have a resistance at 172 so investors Book partial profits at 172 and full profits after it falls below 170then reenter positions at 155-140 levels. Traders can Short Tata power futures after it touches resistance and close below 170.option traders can buy put option after it starts to fall below 170
Indus Towers - Bullish viewThere is a huge accumulation observed within this pattern. I suppose this is likely to breakout on the upside.
If it breaks out the ride is gonna be massive & fun filling.
This is a value buy for long term investors with a good Dividend yield.
Short Term traders can jump in only when it break out in this weekly timeframe.
Hope this hepls... Happy trading :)
Looks good for long trem !!A good company for long term view like for 3-5 years.
Company has a plan to make Goa a entertainment city by expanding its casino & club in next 3-5 years.
It has an good upside in coming time as the covid is suppressing and people are begining to travel.
As we know that the travel sector are good in these days like booking compaines , hotels etc.
now once the booking is finished they will go to place and enjoy hospitality and Delta corp will play a major role in the coming days! (in goa)
they also have online business runnig as adda52.com
has good investers backing it.
ITC going to break its 52 week High?If you observe chart you can see a falling wedge pattern in ITC after an Uptrend.
Generally in such situation there is a major chance for trend continuation after Falling wedge pattern successful breakout.
Here I have marked A and B points that are nothing but the two points on the trend lines.Upper trend line is Resistance and Lower trend line is Support.
So If ITC successfully breakout, how to calculate the target?
Target = B - A = 239.65 - 204.35 = 35.30
Roughly you can expect 30 to 35 rupees target. (If trend continues we can get more.)
Where to take entry?
If stock shows breakout , wait for a confirmation candle. You can also use MACD , RSI indicators for confirmation.
If in worst case, stock breaks the support, it can fall further.
Consider this stock for a long term as this stock is commonly known for a slow moving stock.
Stock is fundamentally strong. Stock has a great dividend-bonus history. The Company operates through different segments FMCG, Hotels, Paperboards, Paper and Packaging and Agri Business.
We can expect some positive news for the ITC in current market situation because the Deliverable quantity for ITC stock is increasing day by day.
So in future we can surely expect an Up trend.
Disclaimer : This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible for any profit or loss.
BHEL Swing TradeBHEL has given spectacular returns of 280+% in the past 1.5 year and is still looking good for the upcoming months.
It's currently facing resistance from a critical level and a breakout can be seen in the upcoming weeks providing a good swing trade.
Levels:
Entry = Rs 83
Target 1 = Rs 90.20 (~08.5%)
Target 2 = Rs 105.7 (~27.1%)
Target 3 = Rs 120.8 (~45.3%)
Target 4 = Rs 132.1 (~58.9%)
Target 5 = Rs 144.4 (~74.9%)
Note: There is a possibility that the price may retest and take support from T2 or T1 before giving a breakout.
DR Reddy Buy For Long termBuy At CMP
Stop Loss 4445 (CLOSING BASIS)
HEY TRADERS,
THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD...
HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS POST. DON'T FORGET TO SUBSCRIBE.
COMMENTS WRITE DOWN BELOW OF THIS Chart...
THANK YOU...
~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only.
BATA INDIA LTD.Bata India, this company has know for it's "AADARSH" chart, it's a clear cut buying/investing opportunity for the stock right now
Reason for buying :
Fundamentally strong company.
If you see the highlighted area with attention,you will see a pattern
the pattern made is called as "LONG TAIL DOJI"
The pattern shows a Strong rejection for a script on downside
This indicates that buyers are in power for the stock currently & this is the indication of a strong buying on a script.
Target : (double) 3400+ in an year
Stoploss: 1600 ( for long term)
Swing Target 1900-1950-2000+
Swing Stoploss 1680.
Close Positions on daily closings only.