Head and Shoulder in RBL BankStock gives breakout of Head and Shoulder Pattern on weekly timeframe and price is giving breakout, just wait for weekly closing to enter.
Now this stock has the higher chances of moving upwards Best entry price around 190.
CMP : 181
Target : 219
Target 2: 274
Stoploss : 163
This is not a buy or sell call, this analysis is shared for educational purpose.
Positional
RBL LOOKING GOOD FOR POSITIONAL AND SHORT TERM As its trying to break the ascending channel, has been rising with a good consolidation + volume dried up.
The key EMA acting as the resistance. Once its broken I'm gonna enter above 169.35. With a small Sl of 65.30.
#RBLBANK
After that, once it sustains above the 1st target, will keep trailing Sl. And will book 25% at the 1st target and 50% at 2nd Target.
In terms of fundamentals, the bank has very good valuation compared to its industry peers. A good P/E ratio.
The P/E has been rising steadily annually and quarterly. This is very good indication.
Bank's Total Revenue, Net Income and Margin has been increasing with a good pace. It also seems accelerating.
Company has a strong business allocation with most of from the retail customers. I think it's good bcz young generation is growing and they will need financial help from banks in every step.
Actual revenue also growing with good ratio, annually as well as quarterly.
Dividend per share and dividend yield rising at very good pace. It's attractive to investors. A plus point.
What a financial health with total deposits and loan deposits increasing with a good ratio.
Thanks for coming till here.
Hey, by the way I love to teach new traders on weekends and in my free times. If you wanna learn let me know.
Cheers. 🥂💫
Infibeam - purely technical pickI usually don't suggest penny stocks. However, I found the chart of a Nifty500 stock, Infibeam vey interesting!
We have a beautiful positive RSI divergence currently in weekly time frame.
If you observe the chart, a similar divergence is visible near the previous low of 7-8 after which it rallied upto 28.
It can be a good positional trade between 12.5 and CMP for targets of 17.5, 19.35 and SL below 11.15 DCB.
Please note that this idea is shared only for educational purposes and should not be taken as a recommendation. Kindly trade as per your own analysis.
Ready to touch the moon (Positional Pick)Metal sector bein in an uptrend, this stock with a massive upside potential has given a breakout of a beautiful Cup & Handle pattern on Monthly timeframe. Wait for the candle to close and then start accumulating. It has also witnessed highest volumes ever since IPO
Stock name: Manaksia Steels Ltd
Stop loss: 40
13 year range breakout in MOILcan buy at cmp and in dip till 290 for positional trade
stoploss 265 on daily closing basis
target 422, 500, 630, 830
this stock may take some time as it is consolidating after breakout which is good
opportunity add in dips It may take some time but can give potentially very good returns
HFCL Box breakoutHFCL on weekly TF has made a extremely bullish candle breaking a multiyear box consolidation.
Entries can be made on current price but the SL will be big, so make multiple entries if price retraces and consolidates and try averaging.
FINAL Stop Loss @80/-
TARGET 150-160
Ride the breakout with the help of 20 and 50 EMA on daily TF.
Operator might double bluff us by making a "fake" fakeout in coming days/weeks OR it will launch like a rocket and you won't be able to catch it and suffer from FOMO :p
RAIN INDUSTRIES READY TO RAIN MONEY.RAIN INDUSTRIES on weekly TF looks promising for a potential BIG breakout.
Weekly candle is very bullish, KEEP A LONG TERM VIEW.
ENTRY AT CURRENT PRICE OR IN THE RANGE OF 150-160
STOP LOSS @140
TARGETS : 190, 200, 250
TRAIL USING A COMBINATION OF 20 AND 50 EMA ON DAILY TF.
KAMDHENU Analysis & PredictionThis is the analysis of KAMDHENU in Weekly Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About KAMDHENU :
Kamdhenu Ltd. manufactures, distributes, and markets steel and paints. It operates through the Steel and Paint segments. The Steel segment is involved in the marketing and manufacturing of TMT Bars, structural steels, and color coated profile sheets. The Paint segment provides emulsions, primers, distempers, enamels, and other products. The company was founded by Satish Kumar Agarwal and Sunil Kumar Agarwal on September 12, 1994 and is headquartered in Gurgaon, India..
LTTS Analysis & PredictionThis is the analysis of LTTS in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About LTTS :
L&T Technology Services Ltd. offers consultancy, design, development and testing services across the product and process development life cycle. It includes products, manufacturing, operations and consultancy services. The company was founded by Anil Kumar Manibhai Naik on June 14, 2012 and is headquartered in Vadodara, India.
JAYSREETEA Analysis & PredictionThis is the analysis of JAYSREETEA in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About JAYSREETEA :
Jay Shree Tea & Industries Ltd. engages in the cultivation of tea and manufacture of tea, chemicals and fertilizers. The firm also involves in warehousing activities. It operates through the following segments: Tea, Chemical and Fertilizers and Sugar. The company was founded on October 27, 1945 and is headquartered in Kolkata, India.
DEN Analysis & PredictionThis is the analysis of DEN in Weekly Time Frame. Watch carefully. The chart explains itself.
I have already posted DEN Network analysis on daily time at 49 level. You can check and do according to that analysis also.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About DEN :
DEN Networks Ltd. is a holding company, which engages in the distribution and promotion of television channels through digital cable distribution network. It operates through the Cable and Broadband segments. The Cable segment includes distribution and promotion of television channels. The Broadband segment offers internet services. The company was founded by Sameer Manchanda on July 10, 2007 and is headquartered in Mumbai, India.
GUJAPOLLO Analysis & PredictionThis is the analysis of GUJAPOLLO in Weekly Time Frame. Watch carefully. The chart explains itself.
The stock managed to break up line of triangle pattern with volume. It can retest the breakout level. If it will sustain above the breakout level, it is good for the stock.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Happy trading.
About GUJAPOLLO :
Gujarat Apollo Industries Ltd. engages in the manufacture of construction equipment and maintenance machineries business. Its products include crushing and screening plants, jaw crushers, horizontal shaft impact crushers, and vibrating screens. The company was founded in 1967 and is headquartered in Ahmedabad, India.
Don't miss-Flag breakout in this stock!Tata consumer has been consolidating in a symmetrical triangle pattern since mid 2021.
The stock has given breakout of the pattern and can be a good positional stock on the long side since FMCG sector is looking bullish
The stock can be added on dips between 800-820 levels with a SL below 755 DCB.
Minimum target in the stock is ATH levels of 889 above which the stock can reach 1000+ level as well.
Note:-Ideas are shared for educational purposes and should not be considered as a recommendation.
Stock of the Week: SUNDARMHLD - A Bullish Opportunity Unfolding.Weekly Time Frame:
On the weekly chart, SUNDARMHLD is displaying strong bullish signals. The stock is currently undergoing a retest, which often signifies a robust support level. What's particularly noteworthy is the formation of a rounding structure, indicating a potential reversal or continuation of the current uptrend. This structure has the potential to set the stage for a sustained upward move.
Daily Time Frame:
Zooming in on the daily chart, we observe a breakout from the rounding structure mentioned earlier. This breakout not only validates the strength of the bullish trend but also provides an excellent entry point for traders. The gradual consolidation and accumulation over the past few days indicate a healthy and controlled price action, allowing for strategic entry positions.
Key Technical Indicators:
Higher Highs and Lower Lows: SUNDARMHLD is consistently establishing higher highs and lower lows, a classic sign of a healthy and sustainable uptrend. This pattern suggests a strong buying interest and potential for further price appreciation.
Risk Management:
As with any trade, it's essential to implement a robust risk management strategy. Consider setting stop-loss orders to protect your capital and adhere to sound risk-reward ratios. Additionally, stay informed about relevant news and market developments that may impact the stock's performance.
In conclusion, SUNDARMHLD is shaping up to be an exciting opportunity for traders seeking a bullish play. Keep a close eye on the stock's price action, and may the markets favor your trades! Happy trading! 📈💰
(Note: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions.)
MAHABANKlooking good price action
if breaks high will look for long, banking stocks are very well performing this time
DISCLAIMER: I am not a sebi registered analyst. ALL POSTS ARE EDUCATIONAL PURPOSE. NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.