GOCOLORSTracking it since very long.
There are two patterns which are visible on chart first one is cup and handle and secondly round bottom.
I'm expecting it to give CNH breakout and and complete round bottom as it's target.
Targets are marked.
My SL will be 1100 DCB.
Views personal.
I Can go wrong.
Not a trading recommendation.
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Positional
BULLISH on ELGIEQUIP (Positional)NSE:ELGIEQUIP
There is Cup and Handle pattern in this stock. The has already given the breakout and is sustaining above the support level. The prices are trading above the Moving averages which shows Bullishness. The RSI is above 50 which shows good momentum. There is also a good volume in the past trading sessions. The Target here is 683 level which the depth of the Cup and the SL is 350 level which is depth of the handle. It is my positional view from 1 month to 6 months.
Disclaimer : This is own view and analysis. This is for educational purposes. This not a recommendation, call or a Tip.
BULLISH on Deepak Nitrite (Positional)NSE:DEEPAKNTR
According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum.
SL : 1948.20
Target 1 : 2456.40
Target 2 : 2625.80
Disclaimer : This is my views and analysis, it is only for educational purposes. It is not a recommendation, call or a tip.
Breakout of weekly chart in Apollotyre The stock has successfully given the breakout of its important resistance.
The stock is ready for the bullish move, it will test the levels of the previous high of 307.
If the price holds the levels of 307 then it will potentially show the levels of 320.
Good for cash and futures.
Points of Analysis
During correction of 80 weeks four exponential moving averages of 20,50,100,200 periods come close.
The stock has given the breakout of the neckline of the Double Bottom pattern.
A successful breakout of important resistance.
Futures
Lot size - 3500
Margin required - Rs 1,85,267.26 approx (zerodha)
Stoploss
Place a strict stoploss according to your trading style.
BEPL | Excellent area of value - Weekly chart also attachedBEPL | Excellent setup - Short term looks 20-30%
CMP : 124 (Dip : 120)
SL : 115
Target : 145, 155
1:4 risk reward setup for first target
Weekly chart looks potential for 70% - I'm visualizing Cup & Handle making, reversing from 200 EMA + Fib + Strong demand zone