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.
Midcapstocks
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.
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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Medium term trading opportunity in VPRPL for v. good upsideHi,
NSE:VPRPL 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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Long term trading opportunity in Suratwala for huge upsideHi,
NSE:SBGLP 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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Medium term trading opportunity in Tirupati for > 20% upsideHi,
NSE:TIRUPATI 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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Short term trading opportunity in AISL for > 20% upsideHi,
NSE:AISL has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily 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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Short term trading opportunity in Proventus Agro for> 20% upsideHi,
NSE:PROV 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.