Nse
Piramal Enterprise For Next WeekNSE:PEL
Analysis after 9th dec 2022 Closing
Double Bottom Pattern - DB with Bullish Divergence on MACD & RSI (BULLISH)
Weekly TF - There is inverted hammer candle on resistance (BEARISH)
But still there is no bearish Revered divergence means Buyers still have potential to breakout
Entry
Either on Higher Low for early entry or,
Wait for breakout of red resistance line.
Ignore study if There is huge GAPDOWN.
POLYMED - Trading opportunity is discovered - Swing TradePOLYMED is trading at weekly & Daily Demand zone, This demand zone is also visible in lower Timeframes.
We can see that the selling volume is decreasing, so we can set our stop loss below the support zone and plan our trade accordingly.
I can conclude that this is a trade with Low Risk & High Reward.
If this analysis is useful to you then please like it & follow me for such analysis and and let me know what you think about this analysis in the comment box below.
Indus Ind Bank : +38% Upside Potential15 Dec 2022 Indus Ind Bank
Summary :
• Stock Breakout (15 Dec 2022)
* Low Volume
• Base of 3 months
• Cup & Handle Pattern
• Potential of +8% to +38%
Conclusion:
• CMP 1270
• Long positions can be initiated
• Stop Below 1110
• Higher targets could be around
o Short Term – 1373/1440
o Mid to Long Term – 1589/1660/1720
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Grasim Industries : +9% to +30% Upside PotentialGrasim Industries : 14 Dec 2022
Summary :
• BO with Volume (28 Nov 2022)
• Base of 3 months
• Approx 1 year of Head & Shoulder Pattern
• Potential of +9% to +30%
Conslusion:
• CMP 1830
• Long positions can be initiated
• Stop Below 1775 or 1675 for longer term target
• Higher targets could be around
o Short Term – 1981/2103
o Mid to Long Term – 2221/2340
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
HDFC Bank : +2% Upside Potential(Swing Trade)HDFC Bank CMP 1660
Breakout & Retested the zone
Looks good for an upside potential of +2.28%
Trade can be initiated for a target of 1694 with stop 1640
Trade can be above 936 with a stop below 930 for a potential Target of 939-943-947-950
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
#HDFCBANK
INFOSYS:READY TO FIREInfosys ready to breakout . After breakout it retested what you can do from here is now buy 30% of quantity after it crosses previous day candle. else if it closes above trendline you can go with full quantity risk reward is good . what i want to you people know if you risk management is good you can be a success trader with 50% and you can mint enormous money. keep 5% as SL
This post is only for learning this not a financial advise . do consult your financial Advisor before taking trade
Larsen & Toubro : +42.90% Upside Potential17 Nov 2022 11:34hrs Larsen & Toubro CMP 2051
Heavyweight LT, 2 months of consolidation BO with huge volume was seen in the stock in the last week of Oct 2022. Consolidation/RT of BO for 3 weeks has been witnessed.
Summary
- RT & Fresh BO from the VAH zone
- 2 Months of accumulation
- Approaching major resistance place around 2078 levels(ATH)
- Cup & Handle pattern(Awaiting BO)
Conclusion
- CMP 2052
- 3% Test position can be planned at current levels
- Higher targets could be around
o Short Term – 2110-2172-2283
o Mid to Long Term – 2604-2968
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
NIFTY Movement for Next Week Possibly.NSE:NIFTY
Analysis Closing After 8th Dec 2022,
CHART PATTERN (Bullish)
Wedge Pattern Formed and Successfully Breakout with High Volume Candle.
1st Target would be Top of the wedge Pattern
Wave Counts (Bullish)
2nd Target would be 78& of Correction Wave A
If break 78% hurdle,
then
5th Wave of Higher cycle is remaining.
Donear Industries : +50% to +323% Upside PotentialDonear Ind 07 Dec 2022
In Play – HH:HL
Summary
- BO of previous TL
- Huge Volume
- VP acted as nice spring action to the upside
- Cup & Handle (4 year base)
- Head & Shoulder (1 Year base)
Conclusion
Long Position can be initiated on PB for targets
Short Term – 90/110/138
Long Term – 240/325
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
JSL : +94% Upside PotentialJSL 07 Dec 2022
Stock BO with huge volume on 06 Dec 2022, ATH is 224.40
In Play : HH : HL
Summary
- CMP 197.30
- TL BO confirmed
- Volume Confirmed
- ATH 224.40
Conclusion
Long can be initiated with stop below 168 for potential target of 224-242-285(LT Target 320-351-382)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
MAHINDCIE - Stong Resistance Zone (Since 2015) has been brokenBull dominance is still required to avoid a false breakout even though Strong Resistance Zone (since 2015) has been broken. If bulls are unable to push the price further higher, the breakout could be fake.
Buying Opportunity in HCL TECH.* Price broke the down trend line and came back for retest.
* This is a early buying suggestion as price didn't created a higher high (which would have acted as a confirmation).
So the Idea here is
BUY :948-950 LEVELS
SL :865 LEVELS
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*The long position in the chart is for representation purpose still I'd advise you to exit all positions at 1115 -1117 levels.
TWL : +25% Upside Potential28 Nov 2022 TWL
In Play : HH : HL
CMP 183
BO with good volume, after 3 months of the consolidation period, momentum is likely to continue for higher targets of 191.65-211-224, RT of TL can be used to initiate trade for the mentioned targets…
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
ITDC : +62% to 597% Upside PotentialITDC 27 Nov 2022
We witnessed a sharp rise in price which is supported by volume, exactly at the TL after a long period of consolidation.
In Play : HH-HL
Summary
• Sharp rise in Price
• Price rise supported by volume
• POC 404
• Resistance 466 (Pre SH)
• ATH at 747
Conclusion
• CMP - 404.55
• Test qty can be initiated on break of TL
• Add to the position on RT-TL
• Higher Targets could be around
o Short/Mid Term - 546-659
o Long Term – 1137-1693-2821(we will watch for supportive price action to confirm higher targets)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
EQUITASEQUITAS:- The stock has given a breakout on the weekly chart. the stock is right for short term. keep on eye
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.