Hi Friends, Tanla Platform has retraced and bounced from approx 0.618% of the previous impulse. For confirmations, levels are marked. Their is impending 3 wave which can start. Trade with confirmations and take quantity likewise.
On top of the recent swing move we can see a nice liquidity sweep of the consolidated previous weekly candles, rejecting the price and pushing downside and the recent bearish candle we now see validates the previous downclosed candle. The huge wicks are results of economic events that occurred last week showing sign of rejection and pushing price to the downside....
Hi Friends, Berger paints is settign up well basis on EW counts. 1. Retraced 50% in 4 of larger ongoing impulse. 2. R:R is very favourable for long term. 3. Targets for 5 is marked on the chart. 4. Safe entry near weekly close above 530.
BANKNIFTY is currently hold the level of 50000 & once the rally start it could see the levels upto 52-53k. Strong contraction predicts by bollinger band & the higher probability suggest that it could break upside. But the volatility move will start & will Trap Many of traders. Let the Market decide the direction & will follow the footprints of SMART MONEY....
Gujrat Pipovav Pert Analysis on 16 Jun 24 Fundamently strong stock with Almost Zere debt and Good FII Holdings stock PE (25.60) is less than industry PE (34) Rounding bottom formation breakout and retest after 2016 try to buy on dip till 180 to 200 Strict stoploss 150 (on closing basis) target 225 - 250 -275 rouding bottom target 300
closed above 100 DMA 643.81 with increased volume. increasing reserve and decreasing debt showing management's good intention.
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