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Lauruslabs Simple Analysis - BullishNSE:LAURUSLABS had fallen down much in the past. A few weeks back it had engulfed the Down-trend Line, which is a signal for an Up-Trend to start. A curious U-shaped recovery can be observed in this chart. Overall we have a Trap Zone and the price is consolidating over it, hence my expectation is it should Go Up. A Long Term Target of 449.05 is quite possible. This would be a 25.85% Return on Investment and a Reward to Risk of 3.61 in the monthly chart.
NSE:LAURUSLABSLong
by Prosenjit
SWING IDEA - YES BANKYes Bank stock presents a compelling opportunity for a swing trade, supported by strong technical indicators: Reasons are listed below : Multiple tests at the 21 levels culminated in a decisive breakout. A significant marubozu candle on the weekly timeframe signals bullish momentum. The breakout was accompanied by a notable increase in trading volumes. Ongoing formation of higher highs indicates a sustained upward trend. Positive positioning, as the price is trading above both the 50 and 200-day Exponential Moving Averages (EMA), reflecting momentum strength. Target - 30 // 49 StopLoss - weekly close below 20.85 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:YESBANKLong
by Visionary_Growth_Insights
2
BANKNIFTY INTRADAY LEVELS FOR 19.03.2024BankNifty is trading within a range (46600 in the upper side and 46300 in the downside), so there is no scope for option buyers within this range (option sellers can deploy non-directional strategies as long as market stays within this range); they should wait for range shift for a directional trade. Traders should be conservative in their position sizes if there is a breakout in the upper side, and can be a little bit aggressive in a trade in the lower side. Option buyers should scalp within the range if there is a bearish reversal (double top) at the resistance level in 5 mins timeframe; target would be the day's low.
NSE:BANKNIFTY
by rtfofficial1618
SWING IDEA - BIRLA CORPORATIONBirla Corp , a key player in the cement industry, signals a compelling swing buying opportunity driven by strong technical indicators. Reasons are listed below : After multiple tests, a robust breakout above the 1600 zone signifies a significant shift in market sentiment. The breach of a consolidation area spanning over two years indicates a decisive move in the price action. A bullish engulfing candlestick followed by confirmation in the subsequent week signals a reversal to bullish sentiment. Trading above the 50 and 200 Exponential Moving Averages (EMAs) on the weekly timeframe indicates a bullish market stance. The pattern of consistent higher highs reflects sustained bullish momentum. Elevated trading volumes validate the strength of the breakout, indicating heightened market participation. Target - 2112 // 2315 Stoploss - weekly close below 1464 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:BIRLACORPNLong
by Visionary_Growth_Insights
Granules India: Is It the Next Opportunity?- Is Granules India our next PFC contender? - Similar move, pattern, and good strength observed. - It's worth considering a speculative move. - However, we must not risk everything. - Our course of action: 1. Granules India's current market price is around 476. 2. We will Wait for today's closing, which should be above 474 to meet our bullish trade condition. 3. If the first condition is met, we'll buy above today's high, with today's low acting as a small stop loss. - Due to the trade's riskiness, we'll manage quantity to mitigate risk.
NSE:GRANULESLong
by iamrk7