Atul flag breakout-DO NOT MISSAtul is one of the major stock of chemical sector which has been correcting since past many months.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
Priceaction
RIIL is approaching a strong supply zoneRIIL has given a trendline breakout and is looking good for short term target of 1250.
Try to buy at lower price, around 1025-1050 for good risk reward.
SL should be below 970 DCB.
If the stock manages to give a weekly closing above 1300, we can see 1500+ levels in the stock.
Idea shared for educational purposes only
KAYNES - SWING TRADE - 14th January #stocksKAYNES (1D TF) - Swing Trade Analysis given on 14th Jan, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Consolidation & Upmove Candle - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #kaynes
BORORENEW - SWING TRADE - 29th November #stocksBORORENEW (1W TF)
Swing Trade Analysis given on 29th November, 2023 (Wednesday)
Pattern: FALLING WEDGE
- Volume Spike from Demand Zone/Support - Done ✓
- Upper Resistance Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #bororenew
PPL PHARMA - Swing Trade - 22nd January #stocksPPL PHARMA (1D TF) - Swing Trade Analysis given on 22nd Jan, 2024
Pattern: RECTANGLE BOX
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #PPLPHARMA
NETWORK18 - SWING TRADE - 22nd Jan, 2024NETWORK18 (1D TF) - Swing Trade Analysis given on 21st Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - In Progress
- Breakout - In Progress
- Retest & Consolidation - In Progress
- Waiting for the entry at the Demand zone marked out
#stocks #swingtrade #chartanalysis #priceaction #traderyte #NETWORK18
SHANKARA - Next swing is here SHANKARA - Is in the bottom of the channel in the weekly timeframe. The stock has been trading in the channel for 4+ years and takes support at the bottom of the channel. It is back to the bottom of the channel and has been in the accumulation phase for the past 15 weeks.
The risk-reward is looking very handsome and the company has stable fundamentals.
CMP: 744.40
Stoploss: 663
Target: 930
SWSOLAR - SWING TRADE - 11th January #stocksSWSOLAR (1D TF)
Swing Trade Analysis given on 11th Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Buildup at Resistance - Done ✓
- Shakeout to Lower Trendline & Pullback - Done ✓
- Breakout of Resistance - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #swsolar
A stock for momentum traders!Quickheal has given a trendline breakout today with very heavy volumes.
Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal.
However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+.
However, risky momentum traders can look for quick 5% returns at CMP. Stock might touch 295 levels in this momentum.
Idea shared for educational purposes!
NESTLEIND - Evening StarNESTLEIND - Watch out for a good breakdown/ shorting opportunity in 1D timeframe.
A few points to note:
1. There is a weekly reversal sign (bearish - Evening star pattern)
2. The stock is below 50DMA
3. Ascending wedge pattern - Usually is a bearish sign.
4. Overall on a higher timeframe, the stock is rallying - hence it is wise to be cautious and have a hedge.
PNBHOUSING - Swing Trade - 16th January #stocksPNBHOUSING (1D TF) - Swing Trade Analysis given on 16th Jan, 2024
Pattern: ASCENDING TRIANGLE
- Volume Spike at Resistance - Done ✓
- Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #PNBHOUSING