CAPLIPOINTCAPLIPOINT giving resistance breakout. Its a clear base setup with decent volume. Get ready for the next ride. I built 1st position nr 1550 level and not its trading nr 2600.
Midcapstocks
NIACLNIACL giving resistance breakout with increased market participation. I have observed strong momentum in insurance sector. It seems momentum may continue. Keep it on radar
Trading Opportunity: Kabra Extrusiontechnik (Daily Flag BreakoutStock: NSE:KABRAEXTRU
Pattern: Flag Breakout (Daily Chart)
Type: Short to Medium-Term Trade
Trade Details
Buy Level: ₹513
Stop-Loss: ₹485
Targets:
₹527
₹543.35
₹555.60
₹570.05
₹584.35
Final Target: ₹597.50
Risk-to-Reward Ratio: 1:3
Analysis and Rationale
Kabra Extrusiontechnik has formed a classic flag breakout pattern on the daily chart, signifying a strong continuation of the ongoing uptrend.
Entry Level: ₹513 aligns with the breakout confirmation.
Stop-Loss: ₹485 protects against invalidation of the setup.
Targets: Derived based on measured moves and prior resistance levels.
Key Observation s
Trend Continuation: The flag breakout indicates bullish momentum.
Risk Management: Attractive risk-to-reward ratio of 1:3 enhances trade viability.
Scaling Out: Partial profit-booking at intermediate targets is advised.
Disclaimer
This analysis is for educational purposes only. Trading involves risk; consult a financial advisor before making investment decisions. Always trade within your risk tolerance.
Trading Opportunity: Salzer Electronics (On-Neck Breakout)Stock: NSE:SALZERELEC
Pattern: On-Neck Breakout (Weekly Chart)
Type: Medium-Term Trade Opportunity
Trade Details
Entry Point: Buy at ₹1411
Stop-Loss: ₹1257
Targets:
₹1486.45
₹1561.90
₹1649.90
Final Target: ₹1739
Risk-to-Reward Ratio: 1:2
Analysis and Rationale
The stock of Salzer Electronics has shown an on-neck breakout on the weekly chart, indicating a continuation of bullish momentum. This breakout is backed by strong price action, suggesting a favorable medium-term opportunity for traders.
Entry Level Justification: ₹1411 is a key level of confirmation where the breakout appears sustainable.
Stop-Loss Positioning: ₹1257 serves as a strategic stop to protect capital while allowing the trade room to develop.
Target Projections: The targets are calculated based on historical resistance levels and measured moves post-breakout.
Key Observations
Bullish Momentum : The on-neck breakout signifies buyer strength, hinting at further upside potential.
Volume Confirmation: Monitor trading volume, as increasing volume can further validate the breakout.
Medium-Term Horizon: The trade is structured for medium-term gains, ideal for positional traders.
Trade Plan
Risk Management: Maintain discipline by adhering to the stop-loss to ensure controlled risk.
Scaling Out: Consider partial profit-booking at intermediate targets to lock in gains.
Monitoring: Regularly track the stock’s performance to adjust levels if market conditions change.
VARUN BEVERAGE GONNA FIZZ UPBased on Technical parameters believe that Varun beverages has bullish biasness due to triangle breakout in a ascending channel
Stop Loss and Targets are marked in the chart
Once can follow the same pattern and enjoy the gains.
Dont forget to Trail your Stop Loss
MIDCAP100I see MIDACAP100 index very strong. In my opinion it is heading towards previous high.
1. Crossed previous top
2. RSI also showing positive compared to previous high RSI. Infact its above all high since July.
3. FII turning towards buy though in small numbers.
4. Taken a strong support nr 200 DMA
My view might be changed if it closes below 57600.
Bajaj Housing Bullish BiasBased on Technical parameters believe that Bajaj Housing has bullish biasness in the counter supported with a W pattern breakout
Stop Loss and Targets are marked in the chart
Once can follow the same pattern and enjoy the gains.
Dont forget to Trail your Stop Loss
Supriya Lifescience Ltd. (SUPRIYA): Flag Breakout OpportunityKey Points:
Pattern : Clear Bullish Flag breakout on daily chart.
Entry : Ideal buy point at ₹804 after breakout confirmation.
Stoploss : Set at ₹745 to protect against downside.
Targets:
833 INR
862 INR
891 INR
922 INR
948 INR
977 INR
Risk-Reward : Offers a potential reward up to 173 INR with a risk of 59 INR.
Considerations: Volume spike on breakout necessary for validation. Always review market conditions and company fundamentals.
KIRIINDUS (Kiri Industries Ltd.): Bullish Flag BreakoutSetup:
Pattern: Kiri Industries has formed a Bullish Flag on the daily chart, signaling a potential continuation of the prior uptrend.
Breakout: The stock has recently broken out of its consolidation phase, confirming the flag pattern.
Entry Strategy:
Buy at: 613 INR. Wait for a confirmation close above the flag's resistance for entry.
Risk Management:
Stoploss: Set at 554 INR, positioned below the flag's lower trendline.
Profit Targets:
1st Target: 644 INR
2nd Target: 670 INR
3rd Target: 702 INR
4th Target: 729 INR
5th Target: 760 INR
6th Target: 788 INR
Risk/Reward:
Risk : 59 INR (Entry - Stoploss)
Rewards: Ranging from 31 INR to 175 INR, offering a strong risk-reward profile.
Notes:
Volume Confirmation: Ensure the breakout volume is higher than average to validate the setup.
Market Context: Consider the sector and broader market trends for added confidence.
Fundamentals: For long-term holds, review company fundamentals.
This setup provides traders with a clear plan for entering, managing risk, and aiming for multiple profit levels. However, always adapt your strategy to real-time market conditions.
KOTHARI PETRO By KRS Charts31st Oct 2024 / 10:13 AM
Why KOTHARIPETRO❓
1. Fundamentally Good Company with Good Durability and at Good Valuations. ✅
2. Technically, All Time Bullish Stock. 📈
3. In August, Broke Resistance and Now again giving opportunity to Buy at same Price while Retesting same Resistance Zone.
4. Though Better Entry would be around 206 to 209 Rs range.
5. Further Bullish sign, Bullish Continues Divergence is visible with MACD, means Sellers are Exhaust and Failed to Make New High. 💪
Target is Marked in Chart SL will be Flexible Either staying above 100 EMA or Staying above Resistance Zone any.
Positive RSI Divergence As it can be seen on the Daily Time frame chart
The price has moved down from 55165 to 53833 (-1332 points)
during the time period of 25/10/24 to 13/11/24
While during the same time period the RSI has moved
upwards from 28.99 to 30.66
It is a 13 bar divergence
If the RSI crosses and sustains the level of 40 on Daily time frame ,
we could expect an upmove towards 55230 / 56500 levels respectively.
MIDCP nifty making Head and shoulder and near support dailyMidcap nifty index MIDCP making head and shouler pattern in daily timeframe also at crucial trendline support breaking below create more panic till 11850,11600,11380.
Medium term opportunity in Refex Industries for V.good upsideHi,
NSE:REFEX has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term trading opportunity in Black Box for V.good upsideHi,
NSE:BBOX has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term opportunity in Coromandel for >20% upsideHi,
NSE:COROMANDEL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term opportunity in Oriental PG Electr for V. good upsideHi,
NSE:PGEL has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term trading opportunity in KIMS for >20% upsideHi,
NSE:KIMS has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short term opportunity in Dynamic Cables for V. good UpsideHi,
NSE:DYCL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short term trading opportunity in GP ECO for > 20% upsideHi,
NSE:GPECO has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term opportunity in Tembo Global for v. Good UpsideHi,
NSE:TEMBO has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term opportunity in Suven Pharma for V. Good UpsideHi,
NSE:SUVEN has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Medium term trading opportunity in Aarvee Den for V. good UpsideHi,
NSE:AARVEEDEN has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Short term trading opportunity in Hindalco Ind for > 10% upsideHi,
NSE:HINDALCO has given a Bullish Inverted Head & SHoulder Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
