Vinati Orgncs: Gearing Up for big move.Vinati Organics has been consolidating for 2 years in a unique supply-demand conversion zone.
In the first year, it traded in a rectangle pattern, making higher highs. Later, it underwent a trend reversal, forming a triangular pattern with lower highs. Throughout this period, it held one support level, as its visible from chart.
Today, it made a good move and retested its resistance. If it breaks its trend line with volume tomorrow, it could be an excellent opportunity to add some positions.
The chemical sector has been going through a correction phase, but now it seems promising to invest in.
We can take a long position in this stock with a potential target of at least 20%. To manage risk, we'll set a reasonable stop loss of 15%
Buy-1960
Target- 2350
StopLoss- 1650
If your thought also aligns with this analysis do consider boosting this.
Note- Do your own Analysis before investing.
Multibagger
📈 Exciting Bullish Pattern In A Multibagger Stock Spotted! 🐂📊 Pattern: Rising Channel
📌 Symbol/Asset: Globus Spirits Ltd
🔍 Description: Potential Multibagger Stock on Strong Support of Channel & Law Of Polarity.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
HDFCAMC Is Something Cooking ?Hello Friends,
From last few weeks HDFCAMC is making some unusual moves which indicates that there's something happening. Around 1900 there's some big buying emerged as we can see on the charts. Currently HDFCAMC is trading on 2498.60 NSE.
The pattern is bullish, as the market is witnessing a selling pressure from last many days this particular share is trading on a flat to positive price as visible on charts.
One can buy this script for a longer time as well as a trading opportunity.
"Stop losses can be deep just to avoid the volatility in the market."
Following Trade Positions can be made in HDFCAMC:
1 - In cash the stock can be bought for a target of 2765 in September with a stoploss of 2417
2 - In futures the stock can be bought for a target of 2745 in September with a stoploss of 2407
3- Options CE 2500 September Expiry trading at 55 can be bought for a Target of 175 with a stop loss of 27 INR
Disclaimer - REGISTERED SUB BROKER IN NATIONAL STOCK EXCHANGE.
Alert! Bullish Pattern Spotted! 🐻 Alert! Bullish Pattern Spotted! 🐻
📊 Pattern: Channel
📌 Symbol/Asset: SESHAPAPER
🔍 Description: Momentum Stock with strong Support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
150 % in just 1 MonthAnalyzing chart on longer time frame will give us a Stocks with Multifold Return .
Points to consider to find such stocks :-
Multi Year Support
Buying from Support Levels (Big Green Volume Candles)
RSI Start to move up (Bullish Momentum)
Delivery Based Buying (High Delivery Quantity)
Not a BUY Recommendation at these levels (SL will be very High now)
IDFC First Bank Shines with Excellent Q1 Performance.IDFC First Q1 Result.
Impressive performance across the board! Deposits up 44% YoY, Advances up 25% YoY, Profits up 61% YoY. Net NPA down to 0.7% (Which is very good indication). ROA at 1.24% vs 0.97% YoY. QoQ net income down -731 Cr. vs 816 Cr. in Q4FY23, but excluding a one-off income of 180-200 cr. from the last quarter, results are still better on a QoQ basis.
Why to Invest in IDFC first ?
They are many reasons to invest in IDFC Bank, but trading in this company seems risky and tricky right now. However, if you are someone who believes in the narrative that for India to grow, the banking sector would have to follow the same path, then undervalued and growing banks will benefit the most. Stocks like IDFC First Bank are more likely to double their Market Cap. So, if you are a long-term and serious investor like me, this analysis will help you.
Why to Avoid Trading ?
Now, let's discuss why trading this stock is currently considerably risky. The stock is trading near 200% of its support level, following a special channel pattern known as a big-length rectangle pattern, which makes it riskier from a trading perspective.
How to Invest ?
We plan to take a longer position in this stock. As visible from the chart, the stock has tested its resistance on a weekly timeframe. As, we all know Q1 results are out, Earnings have been impressive, indicating a potential strong breakout with good volume. If that happens, we'll invest half of our money and wait for a retracement before putting in the rest. But, if the stock falls instead of breaking out, it'll be a great opportunity to invest, and in that case, we'll wait for a consolidation.
Note- I am not a SEBI registered, Please consult to your Advisor before investing.
Somi Conveyor: Cup and Handle BreakoutCup and handle formation which started in Feb 2018. Looks like it ends as the Chart breakouts from it's horizontal Trendline above the cup & handle's base line. Brace for super long targets with strict stoploss in any case the momentum gets slow given the chart is based on a weekly timeframe.
Multibagger Stocks for 2X Gain | Best stock to buy now!Multibagger Stocks for 2X Gain | Best stock to buy now!
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