Jio Financial has finally given the much awaited IPO breakout with a beautiful cup & handle pattern accompanied by strong volumes. With a strong business and parent company backing it up and also the fall of Paytm, this stock can be a great investment opportunity.
The stock has taken a support again on the trendline shown on the charts. and given a reversal. If momentum begins on the upside, this can be a good positional trade with a good risk reward. All levels are mentioned on the charts. This illustration is only my view, not a piece of trading advice in any form. This is only for learning and sharing purposes. All the best.
For the last 3 months, the stock has been trading in a range that is forming a downward parallel channel. This moment, just close to the upper side of the formation. If breaks the upper level and sustains, this could be a breakout of a parallel channel. Targets may be 3245/3440 or even more. The setup is with a good risk-reward ratio. The entry point should be...
Havells has given a fresh lifetime high breakout above all the previous resistances which have been present since 2021. The pattern looks very promising, do not miss this opportunity to invest in one of India's leading FMEG company. This is a positional trade, holding period will be around a year or more. Expect good returns as the sector, consumer products, has...
This is the analysis of JIOFIN in Daily Time Frame. Watch carefully. The chart explains itself. In DTF JIOFIN formed Cup & Handle Pattern. JIOFIN closed above the green up line of Suraranjan Trading Band indicator but facing resistance at immediate level. If it breaks and sustains above the level, good for the stock. There are some prediction levels. These Levels...
Castrol is a safe stock which has shown an amazing trendline breakout. Stock provides a good dividend yield as well. If trend continues in upward direction, stock can test ATH and make new highs in medium term. Keep in watchlist. Levels mentioned on chart.
Greenpanel Industries has come out of a long term Inverted H&S pattern and is ready to start it's previous uptrend after a beautiful breakout with good volumes. One can definitely look to enter for a medium term trade with the stop at 320
Going long in Gail. Box breakout Sector is in strong uptrend Pullback to 200 MA (1H) on low volume Targets are big compared to SL Potential risk reward is close to 1:5
The weekly chart of the market has closed around an interesting resistance zone. Even RSI indicator is showing some strength but price action needs to confirm. Fibonacci Golden Ratio is also in sink with the resistance zone and on the contrary it took support on the weekly charts from the major trend Golden ratio. There is a confusion as both the indices are...
NSE:BLBLIMITED Mid Term - Low investment - 2x Reward Forcast. #BLB LIMITED Weekly chart 📊 Stock has been in a tight range for Almost a year now. 🗓️ The Resistance point is 25.50, upon breakout Long entry should be initiated. 🎯The targets will be mentioned on chart, upper channel resistance line around 51. 🤑 Stop loss Will be below Previous swing Low. @17...
AVTNPL is a good company, and its fundamentals are good. A stock from Small cap, which can show a good upmove for next few months. One understand the chart properly to take your trades. Monthly Trendline Support Double Bottom Base creation Daily Timeframe Consolidation Breakout Now watch this ratio chart of AVTNPL and NIFTY 500. Three Major points...
The stock price has been coming down in one month from 7800 to 6600. This time consolidating at lower levels, and support also can be seen on the charts. If bounces back from these levels, may go in an uptrend. Projected targets are indicated on the charts. If closes below 6520 for two days, may go weak according to this setup. The risk-reward ratio is good in...
The stock has been going down in recent sessions. Now indicating a possible reversal by forming a double bottom and increased volumes. The most important factor in this setup is the exit, if does not go in the desired direction. One should strictly follow the predetermined risk. If goes well, then the risk-reward ratio is quite good according to the projected...
Cyient has formed double bottom pattern on weekly chart. RSI (14) > 60 Support - 900 Resistance - 1080/1200/1292
KPITTECH has given a box breakout and is in a strong uptrend with the sector being bullish too. One can look to make entries around cmp. The breakout is on back of a false breakdown which gives the trade more confidence. Stop loss should be around 1425
GICRE has given a breakout from downtrend has retested the 200 levels yesterday. This stock is looking good as an positional bet. SL can be below 175 weekly closing basis. Targets can be minimum 300 and then above it hold for long term as an investment pick as per your risk appetite. Stock has good fundamentals available at cheap P/E ratio of 5.2 at CMP. Stock...
Rattan India has given a fantastic breakout on Weekly Timeframe. Wait for candle close and then build positions gradually as this is a positional trade. The volume spike has been the highest ever in this stock so that gives it more confidence. Wait for some retracement to get a better risk reward
Infra theme is going to be on the forefront in 2024 following the Budget in which the sector was highly talked about. GMR Infra has a very high weightage in the same and the chart looks very appealing. One can start accumulating this stock as it's at a crucial demand zone. View invalid below 75. Targets can be big