Pennystocks
AARVEEDEN: HORIZONTAL RESISTANCE BREAKOUT NSE:AARVEEDEN
Aarvee Denims & Exports Ltd. engages in the manufacture and sale of denim and non-denim Fabrics. It operates through Textile and Windmill segments. The company was founded on March 28, 1988, and is headquartered in Ahmedabad, India.
Technical View
Trading in a tight trading range on the weekly chart.
and Also above - 200 ema
Formed a horizontal resistance point at 33.50
Go long above resistance with a Stop of 15
Targets Shall be 40-62-78+
Keep Learning,
Happy Trading.
Infibeam - purely technical pickI usually don't suggest penny stocks. However, I found the chart of a Nifty500 stock, Infibeam vey interesting!
We have a beautiful positive RSI divergence currently in weekly time frame.
If you observe the chart, a similar divergence is visible near the previous low of 7-8 after which it rallied upto 28.
It can be a good positional trade between 12.5 and CMP for targets of 17.5, 19.35 and SL below 11.15 DCB.
Please note that this idea is shared only for educational purposes and should not be taken as a recommendation. Kindly trade as per your own analysis.
Gael Better Risk Reward#Gujarat Ambuja Exp is trendy at the moment and Making continuous Higher High and Higher Low,
At the Moment #stock is at Higher Low, followed by #Priceaction.
Buy with the Calculated SL and can Ride the trend.
Safe players can book 1:1.5.
Do your own Analysis before any trade.
#TradewithConviction
BRNL- U-turn possible for 2x returns!A penny stock idea with extremely risky investors having excess disposable income.
A monthly closing above 60 will open doors for U-turn.
Levels mentioned. There is no confirmation for same.
I do not invest in such stocks. But the price action is suitable for 2x returns.
Vodafone Idea : View on penny stock Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Broadening Pattern
📌 Symbol/Asset: IDEA
🔍 Description: Stock is making Broadening pattern and we can see resistance around 20-22 levels.
In history stock has corrected 50% from the rise so will this time we will see correction of 50% or more ??
23 is crucial resistance level and if stock not able to breakout then we might see good fall.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Alok Industries jumps after Reliance Industries invests $396 mln
Reliance Industries RELIANCE1! on Tuesday said it invested 33 bln rupees ($396.2 million) in ALOK by subscribing to preferential shares of co.
RELI, the largest shareholder of ALOK, holds a 40% stake in co
It's a penny stock . Today's news this stock create upper circuit.
These are the Level Details here for Stop Loss :
20.50
21.10
22.50
LindeIndia BestBuyStock made a Higher high with Very good volume and Strong Bullish candles.
Now consolidating without much fall in price., which is a clear sign of Bullish Consolidation.
RSI gave clear sign of Entry. Now Price action need to confirm the Entry in weekly timeframe.
Daily timeframe PA is formed. Buy above the Daily Priceaction