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SWING TRADE - LAURUS LABS LTD NSE:LAURUSLABS * Laurus labs Laurus labs have been consolidating on an hourly chart for some time now and it has given a strong breakout of the resistance line with good volume. now it's facing a horizontal resistance at 335 zone. It's a good buy at CMP and you can add more qty at 335 if it sustains that zone and closes above it. its showing multiple confirmations like: 1. double bottom neckline break 2. Volume spike up 3. strong breakout keep a stop loss of 10-15% for the projected target. You can trade in intradaday to if it breaks 334. please like and comment if you like the analysis. keep learning, happy trading.
NSE:LAURUSLABSLong
by SANJAYPATIDAR_
NHPC: Buy on pullback: Monthly chart saucer formationNSE:NHPC has an interesting formation in the monthly chart, a perfect rounding bottom / saucer formation. It can be flying saucer as well :) Some features noticed in monthly chart: A 12 years long Saucer formation breakout. ATH attained. There is a clear ascending triangle, basically a nice uptrend channel (shows as cyan colored channel in the chart). Of course we shall not jump into buying. Shall wait for a pullback on the green horizontal support like (around 41) or even better around the dotted cyan line (of the channel) around 37. Buy around 40 (or more retracement upto 37) with a SL of 33 for a target of 50+ (upto a year holding).
NSE:NHPCLong
by pradipandsuvra
IDFC First Bank: Buy on dips for long termIn the NSE:IDFCFIRSTB shares, we can see the Elliot Wave pans out nicely. See the outer wave marked in green 1-2-3. We are in the motive/impulsive 3rd wave. Now in the motive 2nd wave, there are again 5 subwaves formation. We are at 3rd motive inner wave. So it is 3-3 wave overall. Hence a retesting of the long term support (which is also a neckline of a rounding bottom) around 50-52 is welcome. We can accumulate around 50-52 for a target of 65-70 (a few months timeframe) with a SL of 46.
NSE:IDFCFIRSTBLong
by pradipandsuvra