SWING IDEA - BALKRISHNA INDUSTRIESFor savvy traders seeking the next big opportunity, Balkrishna Industries is now in the spotlight with a breakout that demands attention.
Reasons are stated below :
After multiple tests, Balkrishna Industries has triumphantly closed above the key resistance level at 2675, signaling a decisive breakthrough.
The stock has shattered a robust consolidation spanning over two years, suggesting a potential shift in the underlying market dynamics.
A bullish hammer formation, engulfing the preceding candles, provides a strong visual cue of bullish momentum, enhancing the appeal of this breakout.
Balkrishna Industries has not only breached but also taken out all previous highs, showcasing the strength of the current upward movement.
The stock's ability to establish constant higher highs underlines a sustained bullish trend, offering traders confidence in the stock's positive trajectory.
With the price trading above both the 50-day and 200-day EMAs, the technical landscape indicates that the trend is intact, adding another layer of confirmation to the breakout.
Target - 3144 // 3361
StopLoss - weekly close below 2506
@visionary.growth.insights
Nseindia
SHALBY LTDShalby Ltd has given a strong breakout above 273 and has gained a good potential to move upside. Shalby Ltd is consolidating in a particular range, I am bullish on the stock only after 330 on closing basis. Targets are 380, 410, 452, 500.
Long Term View
Only For Educational Purpose
Do your own Research
TEJASNET - Bullish Consolidation with VolumesNSE: TEJASNET is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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HOMEFIRST - Bullish Consolidation with VolumesNSE: HOMEFIRST is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
ICICIGI - Bullish Swing Reversal with VolumesNSE: ICICIGI is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
MIDHANI - Bullish Consolidation with VolumesNSE: MIDHANI is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
VTL - Bullish Swing Reversal with VolumesNSE: VTL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
SONACOMSSonacoms has given a beautiful breakout with good volumes, stock has even retested its levels and gave a good confirmation.
My targets are huge and I am bullish on this stock
Quick targets for Swing - 638, 690
Long targets - 690, 735, 769, ATH (all time high)
Only for Educational Purpose
Do your own research
PNCINFRA - Bullish Consolidation Breakout with volumesNSE: PNCINFRA is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 17% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
AWHCL - SWING TRADE - 29th November #stocksAWHCL (1W TF)
Swing Trade Analysis given on 29th November, 2023 (Wednesday)
Pattern: RECTANGLE BOX BREAKOUT
- Upper Resistance Breakout - Done ✓
- Neckline Breakout - Done ✓
- Retracement + Consolidation - Done ✓
- Volume Buildup & Spike - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #AWHCL
Colpal Double Top Breakdown: Navigating Short PositionsColpal broke the neckline following the formation of a double top , signaling a potential bearish trend. We've initiated short positions based on this pattern.
Please note, that the provided chart includes details such as entry points, stop-loss levels, re-test zone, and target levels.
However, trading involves risks, and these are speculative predictions. It's crucial to conduct thorough research, consider your risk tolerance, and, if necessary, consult with a financial advisor before making any trading decisions. The market is dynamic, and outcomes may vary. Trade responsibly.
Nifty 10/01/2024My analysis on Nifty for tomorrow is range bound as shown on charts, any move on either side can only be seen after breakout or breakdown of this range.
I expect a flat opening in market tomorrow,
If markets moves on positive side targets are 21650, 21722. 21794 respectively
If Markets moves on negative side targets are 21500, 21456, 21410, 21320 respectively
KECL - Bullish Swing Reversal with VolumesNSE: KECL is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 10% to 15% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
UJJIVANUJJIVAN:- Stock has formed cup and handle pattern, plan something only after breakout till then keep an eye on the stock
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.
RBA - Bullish Swing Reversal with VolumesNSE: RBA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 11% to 18% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
TTML - SWING TRADE - 19th December #stocksTTML (1D TF)
Swing Trade Analysis given on 19th December, 2023 (Tuesday)
Pattern: FALLING WEDGE BREAKOUT
- Falling Wedge Breakout + Consolidation - Done ✓
- Neckline Breakout - Done ✓
- Volume Spike- Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #ttml
Godrej Industries: Seeding Prosperity in Every Chart 📊🌿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 EMA (Exponential Moving Average): The 50 EMA is demonstrating strength, signaling a readiness for an upward movement.
Trade Rationale:
The technical analysis on both weekly and daily timeframes aligns with a bullish sentiment.
Consideration of the sector's strength and market cap adds confidence to the trade, expecting favorable market conditions for GODREJIND.
GODREJIND is currently in a demand zone, providing additional support for a potential upward movement.
The 50 EMA acts as a supportive indicator, indicating potential strength for an upward trajectory.
Trade Parameters:
Entry Point: Within GODREJIND's demand zone.
Stop-Loss: Set at a level that respects the demand zone and ensures effective risk management.
Take-Profit: Targeting a conservative upward movement of 20% to 50%.
Exit Strategy:
Consider exiting the trade if there are significant shifts in broader market conditions or if the original technical analysis signals are invalidated.
Risk Management:
It's essential to manage risk effectively. Consider position sizing and ensure that the risk-reward ratio aligns with your trading strategy.
Disclaimer: This is not financial advice. The post is for educational purposes only. Please do your own research and consider your risk tolerance before making any trading decisions.
Titan, Reverse Head and Shoulders.Titan has formed a reverse head and shoulders pattern on the weekly charts and will have to decisively break out from the current resistance channel and close at a price above 2810 to further validate the bullish pattern.
Stoploss would be just below the resistance channel.
First target would be at around 3775 levels, although given the volatile nature of the markets since after the massive bull run of 2020-2021, I would strongly advise using a trailing stoploss of 20EMA on the weekly chart.
That said, as usual, please ensure appropriate position sizing and risk management practices.
GLOBALVECT - SWING TRADE - 23rd November #stocksGLOBALVECT (1D TF)
Swing Trade Analysis given on 23rd November, 2023 (Thursday)
Pattern: ASCENDING TRIANGLE BREAKOUT
- Volume Spike Near Neckline - Done ✓
- Pullback Candle - Done ✓
- Retracement + Consolidation - In Progress
#stocks #swingtrade #priceaction
NESTLEIND - SWING TRADE - 6th December #stocksNESTLEIND (1D TF)
Swing Trade Analysis given on 6th December, 2023 (Wednesday)
Pattern: ASCENDING TRIANGLE
- Volume Spike Buildup Near Resistance - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #nestleind