✅The stock has been in a downward-sloping channel since October 2022, forming lower highs and lower lows. Recently, the price has broken above the upper boundary of this channel, indicating a potential reversal in trend. ✅There is an increase in volume, especially during the breakout above the upper boundary of the channel. This indicates strong buying interest...
Its a up flag breakout.Breakout is happened after a long consolidation with huge volume
Hi All, This idea is about Butterfly Gandhimathi Appliances Ltd CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis Weak Fundamentals Market Cap - 1500 Cr Stock PE - 184 ROE - 2.8% ROCE - 5% Promoter Holding - 75% D/E - 0.01 Technicals Post correction of 64%, price has reached a...
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is...
Symbol - BTCUSD CMP 60700 Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely. In any case, If it is breaking 59000...
With the book value of 155 trading at 120 BOI is most underrated stock One who believe in long term holding buy it and hold till 5 years 200 1st target 270 2nd target 350 3rd target 500 4th target
Price Analysis & overview: 1. Price has changed its structure to bullish and started forming HH-HL. 2. Bouncing from the demand zone and taking rejection from the EMA. 3. Good volumes are building up. Trade Plan: 1. RRR is favourable. 2. ENTRY = CMP 3. SL = 10% 4. TP = 30%,40%,50%,60%,70%++ - Stay tuned for further insights, updates and trade safely! - These...
Olectra seems to have started wave 3 of bigger Elliott wave after competing wave 1 and 2 starting from 1460 (recent swing low on June 4th) and wave 2 ended at 1733. With this wave 3 must have target of 275+ points means 1733+275 = around 2020. Seems wave Ii) and (11) already completed and it is in wave (iii) of wave (3). * It is not a trade advise but technical...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (21-06-2024) Current price- 2365 "if Price stay below 2386, then next target is 2346 and 2332 and above that 2394. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Ashok leyland has 5 years breakout. That too is cup & handle pattern. Targets are normally double from here. That too had bullish wedge breakout too. I am long since 165 though. There is double strength in the stock. I have also demonstrated example1 on the left side. past cup & handle pattern brekout and target. Used fibo extention for above 300 targets. Keep...
Time: 10:22 AM, 26th June 2024 Bank Nifty Current Market Price: 52,585 Stop Loss 53100 Targets: 47843, 44,897, 44,444 and 40135 We shared our view on Bank Nifty (BN) in yesterday's post. A few people asked us to share the complete wave count in BN in detail with trendlines. Bank Nifty has completed its degree (2020-2024 wave). It has to go down for Degree 2,...
NIFTY Intraday Trade Setup For 26 Jun 2024 Bullish-Above 23760 Invalid-Below 23710 T- 23918 Bearish-Below 23630 Invalid-Above 23680 T- 23460 NIFTY has closed on a bullish not with 0.78% gain today. It opened with a small gap up of 39 points above our buy level. Then 10 o'clock range broke upside above 23620 and gave a fantastic move till 23750. Tomorrow 23630...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
ta mo is now on support zone, looks to be bullish for positional, it also support on fibo 38.2 lvl, tgt will 970 , 998+
Its a up flag breakout.Breakout is happened after a long consolidation with huge volume
NSE:ALKALI TimeFrame - day chart analysis 🧐 Swing Breakout Setup. 🔹Trend: range bound, 🔹Swing:- start of upswing, 🔹view: The ascending triangle forming at the support trendline should break out with good momentum. 🟢Entry:124.50+ ♦️Risk:- day close below 114 🎯Targets:- 137,149,163+ Detailed analysis of the chart study it and mark levels on your chart. Keep...
CMP 123 Target 201Rs( 66%) Next average at 101( Invest same amount at 101Rs level) duration : 1.5 year. Bank of India made reversal from trendline support and now its looking great at this level of 123Rs...downside is limited to 100Rs Belongs from PSU sector which is already bullish . nothing is negative for this counter. You can invest big amount also Be...