Take a look: low risk; 35% ROI possible; don't missFundamentally good stock,
Good for 1-3 weeks holding.
For short term investment in cash market'.
Leave a " Like If you agree ". 👍
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Entry: 72 (daily should close above)
target: 75- 85- 96
sl: 66.5
major stoploss / support: 63.40
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Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer old ideas attached below
Niftystocks
IRCTC long, In wave 3rd of 3rd IRCTC long with stop loss given in chart as red line. One immediate stop loss and lower one is long term SL for long term targets
Green lines are T1, T2 and T3 targets with obviously increasing timelines to achieve.
For educational purposes. Elliot wave numbering shown, let me know if incorrect numbering done.
Ride the Wave: KPITTECH- Breakout Signals Profitable OpportunityKPITTECH, has recently caught the attention of traders with its impressive momentum. stock experienced a breakout from the bullish trendline, marking a significant turning point. Currently, the stock is testing its breakout at trendline which was supply line before breakout, which has now transformed into a demand line.
📊 Key Analysis Points 📊
When examining the daily timeframe, it's clear that the stock is holding above its breakout level with minimal volume, confirming the bullish outlook at retest of breakout.
Zooming in to the 75-minute timeframe, we observe a bullish RSI divergence, providing additional confirmation for a buy entry at the retest of the trendline breakout.
Moreover, analysing the volume on the 75-minute timeframe, we notice that the majority of bullish candles exhibit higher volume, surpassing the 50-day moving average of volume. This indicates a significant buying interest and reinforces the bullish setup.
Based on this analysis, we can plan our buy trade if the price surpasses today's high at 1067. Once the breakout is confirmed, we can enter the trade at 1069. To manage risk, it is recommended to place the stop loss below the previous swing low, around 1044, it's prudent to keep a buffer and set the stop loss at 1041. it's crucial to trail stop losses to secure profits as the trade progresses.
🔍 Educational Insights 🔍
Before concluding this analysis, let's clarify some technical terms used:
1. Breakout : This refers to a price movement that surpasses a key resistance level or trendline, indicating a potential shift in market sentiment and often leading to further price appreciation.
2. Volume : It represents the number of shares or contracts traded during a given time period. Analysing volume can provide insights into the strength or weakness of price movements.
Curious about volume? Check out my educational article on volume analysis that made it to TradingView's prestigious Editor's Pick:
3. RSI (Relative Strength Index) Divergence : RSI is a popular momentum oscillator. Divergence occurs when the price and RSI indicator move in opposite directions, indicating a potential trend reversal.
curious about RSI Divergence? Learn more in my educational article on Divergence, chosen for TradingView's Editor's Pick:
Remember, this analysis is for educational purposes only and does not serve as financial advice. As a reminder, I am not a SEBI registered analyst.
If you found this analysis helpful, please like and share your observations in the comments section below. Your feedback keeps me motivated to consistently provide valuable content. Don't forget to follow me on TradingView for more articles and trade setups. Let's connect and grow together! 😊📈
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Nifty - Daily Chart Analysis 200 DMA giving support to nifty CNifty - Daily Chart Analysis
200 DMA giving support to nifty Can we say Bullish Gartley if we get a bullish Gartley then we are heading back for 18200+ levels
Nifty Close around 17000 we can see a Bullish Harami Pattern.
Closing above 17100 ( bullish candle) is very important for bulls
hope for best - bulls Tomorrow gapup if we will see bullish harami
Reliance Industries price action analysisReliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side,
Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so be it becomes absolutely important to wait patiently for a trade position.
Above the supply zone, all the shorts could be trapped, a short covering move could give a strong rally upside.
This is a neutral idea. So there are no targets. Once we have a proper trend, we will set targets.
Happy trading :)
This is not investment advice, please consult your financial advisor before investing.
▼ ▼ ▼ ⚡ UPL ⚡ ▼ ▼ ▼Previously on UPL we noticed static Downtrend from the level of 673 and that Downtrend continued for a bit long.
Currently we are expecting the same Downtrend will continue for next 2-3 days as par our Technical and Statistical Analysis.
Enter into the market after the clear trend defined into 5 Min Time frame and wait until formation of 2 Continues Red Candles in the downside.
Entry,Target and Stop Loss :
Entry : Anywhere below 611
Targets : 589, 587, 586.5
Stop Loss : 627.65
This Targets are based on my Risk Appetite . Put Stop Loss and Take Profit targets according to your own Risk Appetite if possible.
Happy Trading. :-)
Note :
Trading foreign exchange and stocks on margin carry a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stocks you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss in excess of your initial investment. You should be aware of all risks associated with stock and foreign exchange trading and seek advice from an independent financial divisor if you have any doubts. I am not a licensed financial advisor and this content is not financial advice.
Larsen & Toubro 15 mins chart analysis.LT is forming a falling wedge pattern which is a Trend continuation pattern. As LT is sustaining below 200 EMA it indicates that stock is in downtrend and falling wedge formation gives strong setup for shorting stock in intraday basis. Look for the open of market if the range or wedge is broken down go for short trade.
This is just my view. Trade at your own risk. Trade safe.