Suzlon is at the cusp of a 5 year high. On a monthly chart, a long term outlook is advisable, with an initial upward targets of 15 and 17.45 and further if strength and momentum is sustained. However, would be careful if price falls below 9.30. Has the potential to be a big winner. However risk management is key with a strict stop loss. PS: Not a buy/sell...
GNFC FUT break out of descending channel on an hourly chart with good OI buildup. Also reversal candle seen on daily charts(not confirmed yet). Could be bought on the basis of channel breakout with mentioned stoploss & target.
Pattern : Channel Range : Medium Buy Above : 18580 Stop Loss : 18540 Targets : 18620, 18660 Sell below : 18500 Stop Loss : 18540 Targets : 18460, 18420 Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
KBE the ETF for the banking sector has had increasing trading volumes since early March. It was in a downtrend with the banking crisis apparently precipitated by the decreased value of fixed yield bonds and treasuries as interest rates were raised. Things have since stabilized with a pause in the rate increases in May. As seen on the 4H chart, KBE in early...
I am expecting this stock travel in the parallel channel. Just sharing my expectation
DHAMPURSUG | Channel breakout - Potential for 35-40% CMP : 278 (Dip : 270) SL : 250 Target : 370 1:3+ risk reward setup
I analyze the chart of Honeywell Automation - price, volume, trendlines, other technical data points across daily and weekly timeframe.
Nifty at crucial level at the time and the formation is double top at all time high if nifty breakouts the high then we will see new bulls trend either breakdown the double top neckline the we will see a 15-20% retraces Wait and see
Since 2009 MSCI All country World index is in parallel channel. 77-72 is imp range to have bounce
Pattern : Channel Range : Small Buy Above : 18660 Stop Loss : 18620 Targets : 18690, 18720 Sell below : 18580 Stop Loss : 18610 Targets : 18550, 18520 Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NSE:BHARTIARTL Looks good for short and long Markets are in down trend recently. Huge resistance around 800-803. If it breaks we can go for 830 if reversal happens then 780 target. Under rador
It has broken parallel channel after 1.6 yr on weekly chart. let's see if we are going to have bear trap or the bearish fall. We yet don't have the follow through selling
SKFIndia has been falling in parallel channel after making top closing above 4250 is a breakout from channel. look for smooth 200-500 point move
SAREGAMA is into parallel channel after making top in Jan 2022 on daily timeframe. until it doesn't breakout on either side consider it to move into same channel for a while
INTLCONV looks good for swing trading. It gave the break out in 1D time frame.
Aarti Industries is below 200EMA and its 10EMA has crossed above 21EMA showing short term strength and momentum in the stock. Has been trending downward in the channel since Sept 2022 and is closer to break short term and long term trendline as well. If that happens, we can look forward to rally upto 650 as first target. Levels marked on the chart, for...
Concor has given sharp fall from 52 week high of around 828 . Currently stock is in a channel and RSI is showing a positive divergence clearly. Risk reward ratio at 575-580 levels is very high since there is a strong support at 550-555. Above 610, 660 is the next strong resistance level. Keep in radar and trade with your own analysis. This idea is shared for...
PRESTIGE giving break out in the weekly time frame. Wait for the week to end