KKCL - Ascending Triangle Setup 🚀Get ready for a profitable swing trade with KKCL! We've spotted an ascending triangle setup, indicating potential upward movement. Stay tuned for our in-depth analysis in our upcoming TradingView idea. It's time to seize the opportunity for gains! 📈💼
#SwingTrading #AscendingTriangle
Positionaltrade
GRSE - Garden Reach Shipbuilders Garden Reach Shipbuilders & Engineers Ltd stands as a leading shipbuilding firm in India, operating under the oversight of the Ministry of Defence. Its primary focus is on meeting the shipbuilding requirements of both the Indian Navy and the Indian Coast Guard.
Technicals:
▶ Trend changed in April due to bull market
▶ 50 EMA has always acted as a support
▶ There is a good chance that it will uphold this behaviour in the short-term.
▶ A demand zone is present at 575-640. This zone could provide a bounce if and whenever the price returns to it. Hence, I see this as a accumulation opportunity for the long-term.
Fundamentals:
March 2023
▶ Sales Growth: 46%
▶ Net Profit Growth: 20%
March 2022
▶ Sales Growth: 53%
▶ Net Profit Growth: 24%
Disclaimer: I am NOT a SEBI Registered Analyst and the information provided here is NOT investment advice. This post is intended solely for educational purposes.
Indusind Bank Head and Shoulder Pattern - hourly timeframeYet another H&S structure is formed in the IndusInd Bank's chart of hourly time frame. In a bull market like the one underway, this pattern has a very high probability of achieving the target. I am going long, are you?
PS: This is NOT a trading call or advice. Please do your own research.
HDFC AMC looks good for Positional Trade.HDFC AMC looks good for Positional Trade. W pattern breakout given on Monthly chart. Also RSI is showing strength, can be a good buy on Dips.
Please note, I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
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Aarti Pharmalabs- Price is sitting at the demand zone + flip level.
- There is a small deviation from the parallel channel which seems like a bear trap to me.
- If the demand zone holds up, then there is a good possibility of the ATH over the next few months.
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
HG infra has given breakout and now retested the levels.HG infra has given neat and clean breakout on daily timeframe and now it has retested the levels also. Now this is going to fly towards all time high levels. So if anyone wants to go long can go with given levels on chart.
This could be a positional trade chances are high we can capture here more than 100 rs move.
Price and Action proper showing a bullish momentum in this ticker.
Disclaimer:- Always do your own research or consult with your financial advisor before taking any trades.
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Rahul Pal
Banknifty Positional ViewA rising Wedge kind of pattern is forming in the NSE:BANKNIFTY as we can see in the chart above .
If breakdown of the same may lead us towards 42350 levels in coming days.
The dashed lines in the chart may act as support.
Note: This is positional view only for educational purpose, please follow your trading setup before initiating. Also, it may involve more risk, Risk management is the key in these kind of positions.
HDFC BANK - A long tradeHDFC BANK has been consolidating for a long while near its resistance areas. This is showing that the sellers are losing their grip on the supply zone and buyers are willing to push the stock ahead and change the market structure.
The breakout has not yet happened but the signs look positive hence keep it on your radar.
Disclaimer - Please take positions as per your risk appetite and also do not put all your capital in one trade. I am not responsible for any loss or profit that comes along with the trade. Please do your due diligence as well. Just sharing my thoughts and setups as per my 4 years of experience.
Will be updating when the trade triggers and giving the Stop loss and Target areas.
Bajaj Auto - 27% gain potential in positional trade Key highlights:
1. Bounced off weekly demand zone
2. Took support from 200 MA
3. Formed the Morning star pattern on 200 MA + demand zone
4. Reclaimed the flip level
5. Bounced off from the psychological level of 3000
Disclaimer : This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers!
Rajat Kumar Singh (@johntradingwick)
NSE Certified Technical & Fundamental Analyst
Positional Trade Buy (RAMCOCEM)Name- RAMCOCEM
Trading Style- Positional
Strategy- MCC ( Momentum + Consolidation + Confirmation )
Buy Above Breakout Candle High
Stoploss Below Breakout Candle Low
Target Should be 1:2
Note: All the details are provided on the chart itself
Check updates regularly regarding this trade idea
BPCL- Bullish HARMONIC Buy Signal!Attached: BPCL Weekly Chart as of 17th March 2023
Going by Harmonics:
A Bullish Anti Bat Pattern has got activated with this Week's Bullish Power Candle Close above 350. This is a BUY signal!🚀
Going by Dow Theory:
We see that Price has also put in its First Higher Low of 314 since the Lows of 288 back in October 2022. This is a Sign of a Trend Reversal Structure.
The Prior Trend was DOWN on the Weekly TF. Now it appears the Trend is turning on the UPSIDE.
Coming back to the Harmonic Pattern, our Plan of Action for a Positional Trade is:
Buy Entry triggered at Current Market Price of 351✅
Stop Loss can be placed below 52 week low which is ~ < 288⚠️
Upside Targets🎯 as follows:
T1= 380 to 400
T2= 480 to 500
T3= extension beyond 500 level, towards Prior ATH / New ATH
(Also do check out my related idea on BPCL which looks at the Daily TF)
...........
If I were to talk about some Fundamentals,
then BPCL also has a 4.5% Dividend Yield which is quite Attractive in a Rising Interest Rate Environment that the Global Economy currently is in
And so it is also a Buy if you consider the Dividend along with a Capital Appreciation potential📈