L&TOn Daily Chart Stock has Given Breakout on Cup and Handle Pattern and now the Stock has retest those level with green candle close.
Priceactionanalysis
Nifty witnessed it's uptrend today and made New All time Highs
The Nifty opened Gap up and it continued to move higher throughout the day to close at New ATH around 22650
The Bullish Pattern formed on Daily TF
On the upside immediate hurdle is near 22750/800
On the downside Imp support is placed at 22400
*For Education Purpose
Practice and Learn price action setups
Nifty Mid Market Update, 08 AprNifty Opened on a Positive note & maintained Upside momentum
After breaking prev Resistance above 22620, it made New High today near 22680
Next Resistance is near 22700
Whereas Support is available at 22520 zone
A Pullback is also pending in the Market after recent Rally
For Educational Purposes
Learn & Practice Price Action Setup
Nifty consolidated around 22500 level in Last week Nifty index made New All time Highs above 226500
Upside resistance is placed around 22700
Whereas imp support is near 22300
* For Education Purpose
Practice and Learn price action setups
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.
HDFCBANKHDFCBANK :- The stock has tried to break the resistance many times on the daily time frame. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
HDFC Life: Retest of H&S PatternClassical BO failure example. The stock broke out a inverted H&S pattern and now coming to retest the same pattern BO levels.
Retracing to a round level of 600 which will be the exit levels for BO buyers.
Good for long term here. It MAY bounce back from this level.
Entry: 580-595
SL: 500
Target: 740
Disclaimer: Not a buy or sell recommendation. Please consult your financial adviser before investing.
Syrma-A hidden bullish divergence hinting a reversal?Syrma is a very reputed Electronics manufacturing supplier which has shown good growth in past few years.
Technical analysis of chart shows bullish divergence near a strong support.
If the stock crosses 500, we can see quick move towards target mentioned. A supportive broader market can also help stock make new ATH.
Keep in watchlist.
BAJ AUTO ready for NEW ALL TIME HIGHBAJ AUTO ready for NEW ALL TIME HIGH
Baj Auto is following good Price Action. wait for Trendline Breakout for New All Time High
Follow Chart For Levels
LONG TERM VIEW FOR ALKYL AMINESOn monthly basis, price has made a significant correction and is currently at the Fibonacci level of 0.618, which is the "Golden Ratio" for a price. The whole area from 2000 to 2150 is a huge demand zone for the buyers to accumulate in bits. The price will confirm it's change of structure above 2800 on a higher timeframe.
TATACONSUMTATACONSUM:- STRONG CONSOLIDATION BREAKOUT CANDIDATE
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
CASTROLINDCASTROLIND:- Breakout of falling wedge has been found and if it sustains above 147.30 level then downside movement can be seen.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
JKTYREJKTYRE:- Cup and handle pattern has been formed, breakout has also been given, volumes are also visible well.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
EIHOTELEIHOTEL:- Breakout has been received, if the price sustains then we may see upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
PILANIINVSPILANIINVS:- The stock was in consolidation for a long time, it has given a breakout after 6 years, the volume is also good.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
CAMSCAMS:- Breakout after 2 years
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
DCALDCAL : - The stock has given a breakout after 5 years. Keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
DCMNVLDCMNVL : The stock has given a breakout by forming a head and shoulders pattern.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
FASP levels for Nifty 01/03/2024The FASP for Nifty is listed for 01-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Bank Nifty 01/03/2024The FASP for BankNifty is listed for 01-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
RBL Bank a Simple Price Action Analysis BullishNSE:RBLBANK after a downtrend was able to break an LH which is a Bullish Signal and standing on a Trap Zone. Hence the expectation is it will move up for the Long Term.
Entry: CMP: 266.55 | SL: 197.70 | 1st Target: 438.65 | 2nd Target: 716.40
Though Buy on Dips would be a better strategy.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
Tourism Finance Corporation Simple Price Action Bullish3 Reasons Why NSE:TFCILTD can be a Swing Long trade.
1. Price is in Uptrend and creating continuous HHs and HLs on the chart.
2. Price has revisited the uptrend line and this can send the price up.
3. Last but not least, the Price is standing at a Bullish Trap Zone which should send the price up. Moreover, it will allow us to Plot Specific Entry, Stop-loss, and Target.
So, Entry at 202.95/- or CMP inside the level. Stop-loss at 175.75/- and Target at 260/-. This will make it a 2:1 RR trade and a 27.77% Return on Investment.
Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
AVT - A Natural Product to invest inAVT Natural Products Limited is engaged in the business of manufacturing plant-based extracts and natural ingredients solutions for the food, beverage, animal nutrition and nutraceutical industries of the world.
The main products of the Co. are - Marigold Extracts for Eye Care, Food Coloring & Poultry Pigmentation; Spice oleoresin and Oils for Food Coloring and Flavoring; Value added Teas - Decaffeinated Teas and Instant Teas; Animal Nutrition Products; and Rosemary extract.
The Co. continues to invest in developing new products to add to the ingredients portfolio. Its efforts have resulted in new soluble tea offerings for Instant Tea customers, new complimentary product lines with nutritional applications, new spice extract offerings, and new functional ingredients with various cross division applications.
Value Added Tea Segment
The value-added tea segment continues to be a major growth area for the company. It continues to work closely with large key accounts and expand into new regions. It will invest in new capacity, to service its growing list of customers. Its growth will consolidate its position as a key player in the value-added tea market.
Foray into Global Animal Nutrition Market
The Co.’s foray into the Global animal nutrition market is starting to bear fruit. It is also entering into strategic relationships with global feed additive companies to expand its footprint. These strategic partnerships will ensure a long term and innovative future for the animal nutrition division, making it a key segment in the years to come.
New Business Verticals
The Co. has started two new business verticals to service the natural cosmetic and Nutraceutical markets. These new divisions will continue to add value by leveraging its in-house capabilities and technologies.
The global demand for clean and natural antioxidants remains strong and the company will continue to invest in both capacity and process innovations, ensuring a more sustainable supply.
