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.
**/
SHIBUSDTThere is a long consolidation or sideways price action seen within parallel channel,
when it has given breakout, there was a good intensity of volume at breakout candle,
also it was along with trendline breakout in (RSI) relative strength index too, so it was double confirmation
as per channel breakout, target should be equal to depth of channel, which was achieved almost double.
one can go long in this type of scenarios with stop loss of Low of breakout candle, because there was a good volume.
Another breakout seen in flag pattern with increasing volume and rsi breakout same as above, which was again double confirmation.
here target as per flag pattern should be equal to highest depth of flag pattern, which was achieved very nicely,
one can go long in this type of scenarios with stop loss of Low of breakout candle.
These types of patterns are working very wonderfully in any type of stocks, commodities, forex etc. etc.
Usually risk reward ratio also allows to trade in this types of patterns.
Enjoy Learnings,
Thanks.
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing