Suven Life Science - ATH BreakoutThe stock has rallied well in last few sessions. Today the stock has broken above ATH. A strong upmove expected after some pause
Positionaltrading
Positional Trade - Weekly analysis
- Ascending triangle Pattern
- Strong trend line multiple time support , wait for test again .
- Target all time high
GRANULES INDIA--> Breakout possibility with 20% upside The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
MOREPEN LAB--> Quick 25% upside potential on 52w highThe above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
ALOK INDUSTRIES--> Minimum 20% upside potential in short term>Breakout from a channel and retest of 20EMA with 50% fib retracement forming a flag pattern
>A buy trade can be initiated between 26.5 to 28 for at least 20% potential upside in short term with a stoploss of 24.5
>Favorable risk reward ratio of almost 5
Long Indian Terrain FAS (Indterrain)Indian Terrain FAS (Indterrain)
Cmp - 38
Stop - 20 on DCB
Expectation -
T1 - 75
T2 - Open, Review at 75
Expected Holding Period - 240 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
Long Avadel Pharma (AVDL)Avadel Pharma
Cmp - 7.85
Stop - 6.5 on DCB
Expectation -
T1 - 13.5
T2 - Open, Review at 13.5
Expected Holding Period - 100 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
DMART - Inverse Head & Shoulder PatternIt is an Inverse Head & Shoulder Formation.
On 18 may 2021, There is a Candle with a good volume breaking the Neckline of the Pattern. This is a positive sign or a confirmation for an Up move. Stock price is taking support of a Neckline. If stock shows some up move and when it breaks the nearest swing high (red candle next to the breakout candle) we can take entry for Swing or Positional trade.
So the Entry price is above 3090.95, we can take entry between 3095-3100.
Formula to calculate the Target Price
Target = (Height from head to neckline) + Neckline
Height from head to neckline = 309.45
Neckline = 3018.95
Target = 309.45 + 3018.95 = 3328.4
So we get here Target 3328.4 and it is near to the all time high price that is 3330.
You can consider stoploss close below the shoulders of the pattern as it can be the support line.
Disclaimer : I am not Sebi registered or expert in stock market. This is my personal analysis for educational purpose. I am not responsible for any profit / loss.
A big move expected.!!!Positional trade:
GUJALKALI
BUY: At retest:
SL: 350;
T: 438++564+618++
-Mohit Rajani
RPGLIFE SPOT SWING VIEWRPGLIFE (Spot) made double bottom pattern in weekly timeframe. This is looking attractive for 411/461/521 if 329 is protected on DCB.
Fundamentals-
-> Company has been maintaining a healthy dividend payout of 29.68%
-> Pharma and API are in strong uptrend.
CUPID LTD. SPOT POSITIONAL VIEWCUPID LTD (SPOT) Made double bottom pattern. If it break neckline it may rally for level -299/325/349.
view negated below - 239 (Day Closing Basis).
Fundamentals-
1. Repeated consumption business
2. Expecting good quarter
3. Maintaining healthy dividend payout of 26.48%
4. Profit growth and ROE is also very attractive.
LONG Tanla SolutionsLooking at the Monthly charts of TANLA SOLUTIONS, it has given a Breakout after a 10 year consolidation period. Can be accumulated near the 85-100 level. SL should be maintained at 65 on the EOD closing basis. This is a positional view. If the SL is respected the target for this trade is around 220-250. Respect the risk management first before entering the stock.
LONG Oberoi Realty.The stock has given a Textbook breakout with supporting volumes, after a good 1-month consolidation. Aggressive Traders can enter immediately & add on dips. Conservative Traders should look to add on a dip around 390-400. SL should be kept as 370 on the EOD closing basis. Positionally, traders can target for 430-440.
LT - Wedge ConsolidationSell only below 904.5 for 900, 895, 880 with SL at 910
Long above 924 for 930, 940, 945 with SL at 910
Sustaining over T2 on hourly time frame will open targets of 965, 980, 1000 with SL at 930 - See the linked idea for details.
POSITIONAL TRADE IN UPLPOSITIONAL TRADE IN UPL
BUY@438
STOP@423
TARGET-1@460
TARGET-2@470
TAREGT-3@480
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
POSITIONAL TRADE IN WIPRO POSITIONAL TRADE IN WIPRO
BUY@193 (ABOVE)
STOP@190
TARGET-1@198
TARGET-2@203
QTY=4000(CASH)
!!please note trade with caution!!
!!manage your risk!!
!!trade-wise!!
!!please adjust for future rates!!
