Currently, stock has given breakout from resistance and can be taken as a quick swing trade for 2300 target. Stock has a strong trendline supply zone which is around 2300. If this level breaks out, we can see huge rally in the stock and can be held for long term. Stock has good fundamentals and only around 2% is public holding. Good bet in EV sector theme.
Crompton stock has been largely underperforming due to poor results. However, stock is now looking strong technically. Weekly breakout is done and we can expect targets up and above ATH if broader market supports.
noticed all coins have pushed their limits except for FLOW. it is still hidden (IF) only (IF) a bet a blind bet you want to take for 10X . this can be one of it. Still accumulating under large scale if at all it comes back to the box and we see a breakout 2-3X is foresure. not a financial advence just my theory on the basis of charts.
HG Infra is a techno-fundamental pick shared from infra sector. Stock is available at a PE of around 10 and ROE, ROCE>25%. Sales growth in 5 years is above 27% which is phenomenal Technical Logic: -Stock is retesting previous breakout. Currently, small rejection is seen from demand zone. If a good candle closes above 890, stock can start upward journey with...
Saregama has been consolidating in an ascending triangle flag pattern since past 3 years after giving multibagger returns from 2020. Stock is getting ready for a breakout. If stock gives weekly closing above 360, stock can move quickly towards 500 and them to 750. Nifty media has been underperforming and this stock can fly once Media sector starts its bull run.
Praj industries has been consolidating in a Darvas box since past 2 years. The stock is a major palyer in ethanol industry which is used an alternative to petrol in automobile. The stock is looking strong for a breakout of this consolidation which would be a monthly closing above 440. Accumalate this stock on dips. Best buy zone is 380-400. This idea is for...
After a swing of 18% now a Gravestone Doji candlestick pattern is formed on the top. The breakdown of 26,825 will open the lower levels. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
This will remain as one of my most favourite idea if breakout goes successful. Trade logic: An inverted head and shoulder breakout is on the cards. The most exciting and unique observation from this chart is that a similar IHNS breakout happened in 2021. But the breakout failed. However, the stock again has created an inverted head and shoulder pattern with the...
Stock Has given a breakout on a monthly time frame. We have observed that stock has been trading in range since 2007 and now it has come out from the range. hopefully, it can give more than 100% return in the next 1-2 years. If your trading style is like swing trading for 1-2 months then skip this one. If you are okay to hold for 1-2 years, this can give great return.
The price has given the breakout of the structure. Also RSI is above 60, so the probability of an uptrend is very high. The next Important Level is 3,838 Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Symphony LTD Analyasis on 16 Jun 24 Double bottom formation stock PE (58) less than Industrial PE (89) Stock is above all moving average Monthly RSI is above 65- try to buy on dip til 1200 to 1225 Keep strict stoploss 1100 target 1300 1350 - 1400 - 1500 Double bottom target 1580
Stock is in consolidation phase Dips can be used (half qty in dips and the rest on confirmation break out) Good potential in the business segment
Overview & Observation: 1. Beautiful Double bottom formation. 2. Prices are showing weakness currently. 3. Might see some strength build up later once it starts moving ATH (200 levels) Trade Plan: 1. Just keeping it on my radar and will observe its price behaviour in coming weeks... - Stay tuned for further insights, updates and trade safely! - If you liked...
Good breakout Good potential stock Offering good risk to reward
In the GBPUSD 4-hour setup, the price has breached the previous sell-side liquidity and is now converging with the 4-hour Point of Interest (POI). I am anticipating a buy-side entry after receiving confirmation from the 15-minute setup.
Chambal Fertilizer analysis on 15 Jun 24 Stock PE (13) is less than industry PE (30) RSI Above 65 Formation of rounding bottom If come down try to buy near 390 to 400 Stoploss - 310 Target 460 - 500 - 550 Rounding bottom Target 650 to 680
Overview & Observation: 1. 70% Fib support zone. 2. Good volume support 3. Breakout & Retest done. Trade Plan: 1. Eyeing 20% upside with 10% SL 2. RRR is okay, not great! - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a...
Good fundamentals Good breakout Dips can be used Good at CMP as well