Positional
LATENTVIEW DOUBLE BOTTOM @ WEEKLY CHARTLatentview on weekly chart is finally breaking the descending triangle trendline.
Enter in lower timeframes in the price range of 350-360 OR at current price.
STOP LOSS @ 345
Target at 400-420 after that trail using EMAs.
If price holds above 430 we can plan for 500-520 levels.
TCS TRADING STRATEGY LONG TERMTCS on weekly chart looks good to plan a trade. Currently it is making a descending triangle pattern, testing the trendline for fourth time. We can anticipate a slow and steady breakout.
We can make an entry now STOP LOSS@ 3100 (5-6%), TARGET 1 is 3600, if the price holds 3600 level we can expect TARGET 2 at around 4000 zone, from thereon new ATH can form, this might take a bit of time so it is a long term strategy. OR just trail using 20/50 EMA.
2800-3000 is a strong support zone so if the breakout fails we can catch TCS in that zone.
SAH POLYMER LONG IDEASah polymers made a bullish weekly candle and forming higher high- higher low pattern on daily TF.
Make positions in the range of 75-80( any bullish candle or hammer candle on daily chart)
Tight SL at 72.
If we apply fibonacci levels, Targets are 100, 110, 120, 135 OR trail using 20EMA.
SBICARD - Looking good for Long Sbicard Looking good for long.
After a good downtrend finally now a sign of trend reversal on Daily Time frame by forming Doji on bottom.
Above VWAP
Above 20 EMa
Supertrend also Bullish now
Weak Below 832 on Closing Basis
Upside Targets - 880-900-920
For Educational Purpose Only
ROUNDING BOTTOM PATTERN - AXIS BANKStock gives breakout of Rounding Bottom on daily timeframe and price retested the resistance.
Now this stock has the higher chances of moving upwards.
CMP :973
Target : 1040
Stoploss : 947
This is not a buy or sell call, this analysis is shared for educational purpose.
MUTHOOTFIN - Long Entry for 6-8 MonthsMUTHOOTFIN Looking good for long entry on Daily Time Frame.
*Close to 52 Week High
*ADX 43.64 Strong Trend
*MACD 34.83 Neutral
*RSI 75.27 Neutral
*SuperTrend 1140.22 Bullish
*ATR 26.18 Low Volatility
*VWAP 1255.66 Below Vwap
*20 EMA 1157.42 Above 20ema
About Company:-
Muthoot Finance Limited operates as a gold financing company in India. The company offers personal and business loans secured by gold jewelry, or gold loans primarily to individuals and micro finance. It also provides housing finance, gold coins, money transfer, and foreign exchange services; mutual funds and non-convertible debentures; health, home, vehicle, life, and travel insurance products; and vehicle, corporate, and SME loans. In addition, the company generates electric power through windmills in Tamilnadu. As of March 31, 2022, it operated through approximately 4,617 branches in 23 states and 6 Union Territories. The company was founded in 1887 and is headquartered in Kochi, India.