#RITES CMP264.65 #Target 283 #POWERINDIA #NHPC #NTPC #ModiSpeechDaily Chart
#RITES
NSE: RITES
Short Term Quick Profit
CMP 264.65
Target 1: 272.65
Target 2: 283
SL : 251
Timeframe < 30 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
NTPC
Flag Pattern + Breakout in NTPC LtdFlag pattern is common and continuation chart pattern in trading.
NTPC Ltd formed Flag Pattern + Breakout completed in daily TF
1. On 7th June Breakout completed and retest phase in progress
2. Since its continuation pattern price started from channel bottom of 97.05 level
3. Can add now until 112 for avg price
4. At present volume is ok level
5. 1st target is 123 and 2nd target 131
6. SL for this candidate 107 on daily close level
7. Additional confirmation RSI above 60+ level and MACD crossover done
8. This is 1:3 RR candidate
Disclaimer: Views are for educational purpose only
You are welcome to post your comments
#POWERGRID CMP236Target258 #ADANIPOWER #TATAPOWER #RPOWER #NIFTYWeekly Chart
#POWERGRID
NSE: POWERGRID
Short Term Quick Profit
CMP 236.25
Target : 258
SL : 226
Timeframe < 30 Days
Can hold for longer time
The BONUS:
The stock is picked up not for this small target.
The Long Term Target is a lot more
This might take around 9-12 months from now.
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections and then higher highs again.
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#CESC CMP742.65 #Target 840+ #ModiSpeech #PMModi #Philipcarb #ITWeekly Chart
#CESC
NSE: CESC
Short Term Quick Profit
CMP 742.65
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
SHORT Opportunities for 12 - 16 AprThe key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
NTPC TRIANGLE PATTERNNTPC is forming a triangle pattern on hourly timeframe. If it gives a breakout it can be a good positional trade. Sl will be the nearest swing low. Enter the trade when price crosses the high of the breakout candle. For best results and to avoid false signals get into the trade using 1H timeframe.