ABB - Keep An EyeAll points are mentioned on the charts.
In the last session, the stock has shown a bounce back from the multiple support levels as indicated on the above chart.
If momentum continues, may go to 8150/8650.
Above 8800, a breakout of flag pattern will be there.
The setup remains active until the price sustains above 7200.
This illustration is only my view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
Positional
Moil - Low Risk Setup
CMP 334.60 on 02.11.24
The price has been corrected by around 40% from the higher levels.
All important levels are marked on the charts. If crosses the area of 340-370 and sustains above, may go into a bullish phase again. targets may be 380/480 and even more.
If sustains below 310 and sustains below, the setup goes weak.
At present point, the risk-reward ratio is quite good.
This is my view only for learning and sharing purposes, not trading advice in any form.
All the best for your trading journeys.
DCAL forming inverse H&S. Keep on the Radar.
-Good Volume today.
-Forming inverse H&S pattern.
-Dry volume when pulling back.
Watch for a breakout above 214. SL is very deep for positional players. Position size accordingly.
Aggressive players can try placing SL below today's candle (196-day closing basis).
The market is on a downtrend. The chances of fake breakouts are very high. Please do your due diligence. This is not a buy/sell recommendation.
KELLTONTEC - 2.5 year long Cup & Handle Pattern BreakoutHere's a technical analysis of the KELLTONTEC stock chart:
Key Observations
Cup and Handle Pattern:
The chart shows a cup and handle formation, which is a bullish continuation pattern indicating the potential for an upward breakout. The "cup" forms after a rounded bottom, and the "handle" represents a minor consolidation before a breakout attempt.
Major Resistance Area:
There is a well-defined major resistance area that the stock previously tested. After breaking above this level, the stock is now consolidating, creating a strong base before possibly moving higher.
17-Week Small Base:
The stock has been consolidating for 17 weeks, forming a small base just above the major resistance area. This base suggests that the stock is stabilizing, and this consolidation could provide support for a strong breakout.
128-Week Strong Base:
The stock is building on a much larger 128-week base. This extended period of accumulation signifies that the stock has gained a significant foundation, increasing the probability of a sustained move if it breaks out.
Volume Analysis:
High volume during upward moves and low volume during pullbacks indicates healthy demand. The low volume during consolidation suggests that selling pressure is minimal, while high volume spikes during upward movements indicate buyer interest.
Volume also picked up around the 20-week EMA, showing support from buyers near this level.
Bounce from 20-Week EMA:
The price has consistently bounced off the 20-week EMA, showing it as a strong support level. This reinforces the uptrend and indicates buying demand whenever the stock approaches this EMA.
Trade Setup with Key Levels
Entry Point:
Breakout Entry: Enter above the high of the handle at around 160-165 for breakout confirmation.
Targets:
Target 1: 225 – Based on initial resistance.
Target 2: 280 – A higher resistance level, achievable if the breakout gains momentum.
Target 3: 373 – A longer-term target that aligns with the larger base breakout potential.
Target 4: 450 – For a longer-term position, based on the depth of the cup and potential for an extended move.
Cello World - PositionalIn the last few months, the stock had been traveling in a rising wedge pattern. Recently breached the channel in downside. At present trying to enter the channel again, after taking support at the 860-870 zone. That has been a good support level in the recent sessions.
If crosses 930, with good volumes and sustains the momentum, further targets may be 1000/ 1120.
If sustains below 860, the setup will go weak.
This illustration is only my view, only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
Swing Trading Idea :: 02The daily chart forms a cup and handle pattern. The stock has recently made a higher high with volume buildup, a significant technical milestone, This indicates the potential for sustained upward momentum, especially as volume supported the breakout.
The stock could face psychological resistance around INR 2000. If momentum continues and the stock decisively breaks above INR 2000, a further target could be set around historical levels.
For a stop-loss level, consider placing it slightly below the retest level.
These levels can be adjusted based on risk tolerance and evolving market conditions.
Disclaimer: The information and publications are not meant to be, and do not constitute financial, investment, trading, or any other types of advice or recommendations.
Swing Trading Idea :: NRBBearingThe weekly chart shows a reversal after a long downtrend. The stock has recently made a higher high, a significant technical milestone, This indicates the potential for sustained upward momentum, especially as volume supported the breakout.
The stock could face resistance around INR 300, which is a psychological level. If momentum continues and the stock decisively breaks above INR 320, a further target could be set around historical levels.
For a stop-loss level, consider placing it slightly below the retest level.
These levels can be adjusted based on risk tolerance and evolving market conditions.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading, or any other types of advice or recommendations.
Polycab - Positional SetupCMP 6420 on 04.11.24
All important levels are mentioned on the charts. A long parallel channel has been acting as a support level in the last weeks. If Sustains above 6300 levels, it may go to 6850/7000.
This is only for learning and sharing purposes, not buying or selling advice in any form.
All the best.
Supriya- A breakout done for potential multibagger returns!Supriya Lifescience stock has given a beautiful rounding bottom pattern breakout in weekly TF
Stock has consolidated above the breakout level which shows strength of breakout.
Above 650, stock can fly towards 1000 levels.
Keep in watchlist. Not a recommendation.
LTIM - Getting ReadyThe chart is self explanatory. Since Nov. 21, the price has been forming a Triangular pattern. Already given a breakout of that.
Since Jan. 24, A Cup & Handle pattern is formed and a breakout is seen on the charts.
At present time, we can observe the retest of the both breakouts.
If the price gives a bounce back from present range of 6000-5800 and sustains above, may see a bullish run upto 7000/7500 and even more.
If sustains below 5600, the setup goes weak.
One should mind the position size according the risk-management.
The above illustration is my own view, only for learning and sharing purposes, not a trading advice in any form.
All the best.
Mphasis - Multiple BreakoutsCMP 2910 on 19.08.24
It can be seen on the charts that the stock has been forming a triangular pattern and Cup & handle pattern in the last 2-3 years. Already shown the breakouts of both the pattern around July 24. Already retested the breakout in recent sessions and showed a strong bounce back in the last session ( closed 192 points above).
If the momentum continues, the next target area may be around 3230, 3640, and even more.
Plz analyze the chart carefully and make a strategy that suits you. Make an exit according to your risk management. However, if it trades below 2650 levels it will show weakness on the charts.
The above illustration is only my own view, only for learning and sharing purposes, not a buy or sell advice in any way.
All the best.
Birlasoft - Positional setupCMP 599 on 12.10.24
A Pole and Flag pattern-like formation is in progress on the chart. But a trade setup should be backed by other parameters too.
The range of 550-580 has been acting as a good support zone for a long time. This time, it reversed from the zone again—a good time for a buy setup with a favorable risk-reward ratio.
Immediate targets seem 670, 710, and 740.
The setup fails if the price sustains below 550-540 levels.
Position size should be following risk management.
This is only for learning and sharing purposes, not trading advice in any form.
All the best.
IPCA Lab - Observing Buy SetupCMP 1361 on 09.08.24
The above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts.
MACD is showing a likely crossover too.
Possible targets may be 1600/1800 or even more.
As long as it sustains above 1300, this setup remains relevant.
Decide your exit levels according to your position sizing and risk-management.
This illustration is only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
STARHEALTH - Symmetric Triangle Breakout🔊 STARHEALTH - Symmetric Triangle Breakout
STARHEALTH - STAR HEALTH & AL INS CO LTD
⌛Duration - Short Term (4 month to 8 month)
📊📈 Trade Logic -Symmetric Triangle Breakout
CMP - ₹628.65
Time Frame - Weekly
🎯Target 1 : ₹760
🎯Target 2 : ₹830
🎯Target 3 : ₹900
🛑 Stop : ₹560
🏆 Risk/Reward Ratio (1: 4.25)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
LXCHEM - Rounding Bottom Formation🔊 LXCHEM - Rounding Bottom Formation
LXCHEM - Laxmi Organic Industries Ltd
⌛Duration - Short Term (4 month to 8 month)
📊📈 Trade Logic - Rounding Bottom Formation
CMP - ₹297.80
Time Frame - Weekly
🎯Target 1 : ₹380
🎯Target 2 : ₹425
🎯Target 3 : ₹470
🎯Target 4 : ₹540
🛑 Stop : ₹245
🏆 Risk/Reward Ratio (1: 4.5)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
HAPPSTMNDS - Falling Wedge Pattern Formation🔊 HAPPSTMNDS - Falling Wedge Pattern Formation
HAPPSTMNDS - HAPPIEST MINDS TECHNO LTD
⌛Duration - Long Term (1 year to 2 years)
📊📈 Trade Logic - Falling Wedge Pattern Formation
CMP - ₹ 813
Time Frame - Weekly
🎯Target 1 : ₹940
🎯Target 2 : ₹1050
🎯Target 3 : ₹1160
🎯Target 4 : ₹1260
🛑 Stop : ₹735
🏆 Risk/Reward Ratio (1: 7)
* Stock hit ATH of ₹1580 on 12th July 2021
* After sharp fall from july 2021 to June 2022,
stock goes into consolidation mode without
any significant price change.
* Stock recently bounced back from support
line and this time there is high chance to
break the resistance and start upward journey
* Trade reason - IT sector in momentum,this stock
is already beaten down and is at good support
level.
* FII and DII have increased their stake in June
qtr vs March qtr.
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
AMIORG - VCP Chart Pattern Breakout🔊 AMIORG - AMI ORGANICS LTD.
AMIORG - VCP Chart Pattern Breakout
⌛Duration - Short Term (4 month to 8 month)
📊📈 Trade Logic - VCP Chart Pattern Breakout
CMP - 1381.05
Time Frame - Weekly
🎯Target 1 : ₹1680
🎯Target 2 : ₹1888
🎯Target 3 : ₹2125
🛑 Stop : ₹1210
🏆 Risk/Reward Ratio (1: 4.3)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
LTIM - SYMMETRICAL TRIANGLE BREAKOUT🔊 LTIM - LTIMINDTREE LTD.
⌛Duration - Long Term (8 month to 15 month)
📊📈 Trade Logic - Symmetrical triangle breakout
CMP - 6127
Time Frame - Weekly
🎯Target 1 : 6500
🎯Target 2 : 7580
🎯Target 3 : 8600
🎯Target 4 : 9200
🎯Target 5 : 10000
🛑 Stop : 5500
🏆 Risk/Reward Ratio (1:6)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
FINOPB - Rounding Bottom BreakoutFINOPB - FINO PAYMENTS BANK LTD
Trade Type - Short Term (2 month to 6 month)
Trade Logic - Rounding Bottom Breakout
CMP - 392.10
Time Frame - Weekly
Target 1 : 435
Target 2 : 500
Target 3 : 580
Stop : 330
Risk/Reward Ratio (1: 2.8)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
HMT is it going to be a Multiyear Breakout HMT Ltd The company is engaged in the manufacturing of Food Processing Machineries etc.
After 14 Yrs of Consolidation, at breakout level. Only concern is lower circuit and upper circuit.
Cmp 93.18.
The company has shown a poor profit growth of -69.48% for the Past 3 years.
Company has a poor ROE of 6.14% over the past 3 years.
Company has a poor ROCE of 3.47% over the past 3 years
Other Income was 2735 Mar 2024 which bring Net profit in profit.
This information is NOT a recommendation to buy or sell