#CESC CMP742.65 #Target 840+ #ModiSpeech #PMModi #Philipcarb #ITWeekly Chart
#CESC
NSE: CESC
Short Term Quick Profit
CMP 742.65
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
PFC
PFCNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Is PFC breakout possible ?After more than 620 days It had now crossed 137.5. Can it move up with the same potential or Is it a false breakout again?
Please evaluate my analysis:
On 15th (Monday) March if the bullish candle forms and closed above resistance then It will go up. If bearish candle forms then again downtrend
on 12th (Friday)Massive Increase in volumes and RSI also crossed 60 increases bullish probability…
PFC 121.8PFC-121.8. It has fallen from recent high of 135.9 and consolidated. Now it will start its upward journey to reach previous highs of 136 and 140 in near future. Its last quarter EPS is 10 and stock is trading at very cheap valuations. It is also a holding company of REC. Buy for target of 130, 136, 140++ with a sl of 107 in near term also good dividend paying company. Last year in Feb'20 they paid interim dividend of 9.5. This time also they may pay. This is for educational purpose only. Consult financial adviser before investing.
Reversal Signs Signals 👀 Rounding pattern formation
Lead to a bullish rally
Later on breaking of neckline
All follow up candles touched neckline
Interesting note is last 3 day candles
Almost DOJI candles back to back
These makes it curious for a reversal and start of downtrend below neckline
Sale wud trigger around 104-103 with so 108
disclaimer join your study to take trade
PFC :- BEST FOR SWING AND POSITIONALShowing good recovery and braking its resistance best to buy for Swing Trading for 2 weeks trending above 50 and 200 EMA
Cmp : 103.50
Buy Abv : 109
Sl :103
Trgt : 122 (10.27%)
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. NSE:PFC