ADANIPORTS Long (24 Nov)ADANIPORTS Long (24 Nov)
stock is at resistance zone around 763
Took support at 200 day EMA
Crossed all EMAs
Buy above-763
SL- 710
Target- 825, 876
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M-oscillator
Muthoot Finance Ltd " upto 10 % gains "Hi Traders / Investors ,
This is a Swing Trade.
There can be a bullish momentum in Muthoot Finance Ltd because of following reasons :-
1) Consolidation from (5 months) with Low Volumes got Breakout with High Volumes and Large Green Candle.
2) Got another opportunity to enter because of Retest .
3) Prior resistance level got break and now acting as a support .
4) RSI indicator is above 60 which indicates strong upside momentum.
5) Retest retraced till 0.236 level which is a healthy retracement .
Giving a Risk to Reward of 1:2 , Entry : 1686
Stoploss : 1598
Target : 1855
Please don't make any decisions solely based on this analysis .
Give a thumbs up if you liked this analysis as it requires deep research.
IPCALAB :: Near buy ZoneAccumulate on dips during the next 4 -5 sessions near the buy Zone..
S/L : 1950
Target :: Use FIB levels / Channel Top
Reasons for increased probability::
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-- Good buying pressure (Demand candles) seen below 2150 levels with decent volumes.
-- Momentum drop has paused in RSI,, hoping it will pickup
/**
Caution : Pharma stock... Prefer allocating <5% of your capital.
This is just a probability and trade only if you know about "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
MCDOWELL :: LONG buildup MCDOWELL :: LONG buildup (FIB Retracement )
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--- Buy range 835 - 850 (if price sustains/ retraces to these levels).
-- S/L 805
-- Use Fib Level or Channel top as Targets
Reasons for increased probability::
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-- recent Demand Candles
-- Text book respect for Fibonacci Golden ratio levels..
-- Price is near Bottom of an uptrending channel
-- Momentum seems to pickup RSI support level
/**
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
ALICON :: LONG SETUPALICON :: LONG SETUP
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-- Buy at Current Levels / Pull back (770 - 820)
-- Initial S/L 735
-- Target the Channel Top / FIB Levels or hold as positional pick
Reasons for increased probability::
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-- Recent Trendline breakout.
-- high volumes + delivery seen last 3 sessions
-- Momentum breakout in RSI
-- MultiYear Breakout & Retest completed
/**
Caution : Smallcap Auto stock... Prefer allocating <5% of your capital.
This is just a probability analysis and trade at your own risk.. And re-read "Risk Management".
Consult your financial advisor to know more about the risks associated with buying / selling shares.
**/
BANKINDIA :: LONG (Trendline reversal)BANKINDIA :: LONG (Trendline reversal)
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-- Price took support from Long term Trendline few weeks ago and making HH & HLs.
-- Price also broke the Falling wedge resistance line and held for last few days
Buy Levels :: 56-57 Initial S/L 52
Add more above @ 62.5
Use SuperTrend Indicator to trail your SL
/**
Caution : Midcap PSU Bank stock... Prefer allocating less than 5-10% of your capital. And consult your financial advisor to know more about the risks associated with buying / selling shares.
**/