DTIL PREPARING FOR A ROCKET MOVE DTIL on weekly TF has broken the falling trendline, hovering at the top of a year long consolidation. It can be a potential multibagger.
Make positions at current market price.
Stop loss at 210
Targets are 320, 420, 500, 560……
TRAIL USING 20/50 SMA.
Saal bhar ke “Chai” paani ka intezaam kar sakta hai ye stock ;)
Positional
EARLY ANTICIPATION OF A RALLY IN BATA INDIABata india has now regained its 1600 level, hovering at around the falling trendline. It might breakout after a consolidation, also festival and wedding season is coming.
BUY ON DIPS IN BATA INDIA.
1550-1650 is very strong support for bata india. Make positions around this range or buy at current market price.
Stop loss at 1530
Targets at 1850, 2000, 2150, 2400, 2700, 3000.
GRASIM ATH WEEKLY BREAKOUTGrasim on weekly TF looks mouth watering, it is showing a textbook style triangle breakout.
Make positions at current levels, if it traps then make positions around the range of 1850-1900
Stop loss at 1750-1760.
Fibonacci targets are at 2050, 2250, 2500, 2850, 3500, 4100….
OR TRAIL USING 20/50 SMA.
IRCTC long, In wave 3rd of 3rd IRCTC long with stop loss given in chart as red line. One immediate stop loss and lower one is long term SL for long term targets
Green lines are T1, T2 and T3 targets with obviously increasing timelines to achieve.
For educational purposes. Elliot wave numbering shown, let me know if incorrect numbering done.
Ultratech - Towards 9000 ?As you can see the stock is traveling in a range that is forming a rising parallel channel. If does not breach the lower side of the channel, we can anticipate the price to move up to 9000.
This setup fails for the time if the price breaks down of the lower channel support.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
HDFC Life - Keep on RadarThe stock has come down to the support area as shown on the charts. May reverse from here itself or may come down to even 600 levels. Keep tracking for a comfortable entry so that your stop-loss should be humble.
We should learn to hunt like a tiger. Show extreme patience. Take time to identify the trade to make a perfect entry. So that our target may not miss.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best for your trading journeys.
Info Edge - Long OpportunityAs shown on the charts, the stock has been forming a rising wedge pattern for quite some time. This time, trading at the lower levels. if bounces, may be bullish for some time.
MACD also shows a possible crossover.
The Setup fails if sustains below 4140 for two days.
The important thing at this point is a good risk-reward ratio.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.
This Rice stock might rise soon!KRBL is one of the leading stocks in basmati rice export(holding company of India gate brand)
Recently, Indian government has put a ban on non-basmati rice exports which has led to increase in price of basmati rice in the world.
However, despite of the positive news for the stock, no major price change was observed in chart.
The stock is available at a PE of 12 and has a negligible debt with ROE of around 17%.
Technically, the stock is near a strong round number resistance of 400.
Positional traders can keep this stock in watchlist as the risk associated is low and reward is high in a longer term.
Idea is shared only for educational purposes
JSWEnergy Another energy sector stock on watchlistWe have seen good support reversal or breakouts in Energy sector stocks from past couple of weeks.
JSWEnergy is looking very attractive at 240 levels for a strong support reversal for medium term. Keep on radar for big target of 300 and above.
Idea shared only for educational purpose,
Cup and handle in Mishra dhatu NigamMIDHANI has formed a beautiful a beautiful cup and handle pattern from 2020. Now, the stock is standing near its neckline and is looking strong.
However, the stock has rallied from quite some time now so wait for consolidation after breakout or a retracement to get a good SL. Currently, 230 is a strong support.
Positional Target can be 350 which is 90 points(the length of handle above the neckline) .
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
LTTS - At Crucial LevelAs you see on the charts, the stock price is struggling at the crucial resistance zone. If not able to cross and sustain above 4300, may go weak for some time. Possible targets are indicated.
Only for learning and sharing purposes, not a piece of trading advice in any form.
Please share your views about the idea.
All the best.