Asset: Godrej Industries (GODREJIND)
Timeframe: Weekly and Daily
Technical Analysis:
Weekly Timeframe: The price on the weekly timeframe is indicating a bullish trend, highlighting potential upward momentum in the mid to long term.
Daily Timeframe: Similarly, the daily timeframe is showing positive signals, supporting the optimistic outlook for GODREJIND.
50...
The stock is trading at lower prices if you see last month's movements. In the last few days, it formed a double bottom
and again came down to lower levels. If reverses from these levels, a bull run may come.
The risk-reward ratio is good at this point.
1. If we enter at 940 while considering the stop-loss at 860 - the loss will be 60 points.
2. If prices go in...
NSE:DIXON seems ready for next big move as on weekly scale it has completed it's wedge pattern and already breakout happened for 40% now second entry comes now as it has now given breakout from channel (better visible on daily time frame).
Next, at least 40%, move is quite clear.
Note: Government ban over import of related goods could possible accelerate...
NSE:KTKBANK have formed Cup and handle pattern on weekly time frame. Already first entry have passed now it's time for second entry but for serious and patient investor only.
Disclaimer: My ideas are not for recommendation purpose. Just sharing ideas with community.
BAJAJFINSV has completed the formation of CUP and handle pattern.
Stock is trading near to neckline.
After Break out Stock can give a potential move of up to 15%
Hello traders,
Previously an idea was posted on godrejprop, this is another realty stock at a good dip as well with a great potential.
the realty sector is expected to boom in 2023.
let us look onto a short note on fundamentals of SOBHA.
A short description of the company:
Sobha Limited, incorporated in 1995, is a real estate developer engaged in construction to...
Usha martin symmetric triangle breakout, which is continuation pattern.
size of pattern is rupees 80.
potential targets 165, 190, 220, 280.
keep stop loss 7-8%
Time horizon 6-12 months.
Note : Only for learning, trade at your own risk.
Apcotex has the potential to give 20% to 30% returns before its following quarterly results, there are few intense resistance levels if the stock crosses them then it will become unstoppable .
Devyani International looks good to buy at current levels 145 - 140 and add more if get around 130 for the marked targets on the chart.
This is an investment stock to hold for the mid-long term.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
CMP coincides with downside of 200MA, 50% Fibonacci level and current RSI level at previous resistance level. Daily candle in the range of previous support now turned resistance. Short term selling could be seen.
1) The stock has given a Strong Trendline Breakout with the candle closing.
2) It Took support from the Bottom.
3) Can go long above 1700
4) Target levels are mentioned in the chart
SHARDA CORP
Recently Stock shown some good move and then Consolidating in a range from feb
Volume almost dried up during consolidation.
Also took support from 50DMA
Now After Range breakout on chart above 585 levels again price retracing
Could be a good bet to buy for targets of minimum 660
Keep watch list for Intraday also, use 5min chart for Target and Sl...
As Stock given negative breakout after consolidation we can expect a pullback in this stock while considering 200-DMA ,Fibo levels and previous data stock is expected to take support in range 1030-1055 with Stop loss 1020 or 1000(psychological levels) for target of 1130 / 1160 / 1200.
BUY NAUKRI UPTO 4200
TARGETS 5180, 5360, 5600, 5770, 6000+++
SL 3200 ON WEEKLY CLOSING BASIS
TRAIL SL ONCE IN PROFIT
Disclaimer: All charts are for educational purpose. Please consult your financial advisor before investing.
