Wochardt Ltd, classic Cup & handle break out (Long target ₹1500)Hello trader,
Wockhardt Pharma is showing a promising technical setup with a classic cup and handle pattern breakout, supported by a significant volume spike . This pattern often signals the continuation of an uptrend, suggesting strong buying interest. Additionally, the RSI (Relative Strength Index) is above 60, indicating sustained strength and bullish momentum in the stock. These factors combined make wockhardt Pharma an attractive momentum play for traders, with the potential for continued gains if the breakout holds and volume persists.
Note: This opinion is only for educational purpose, before trade please do your own analysis
Profits
APPOLOHOSP - 30MIN MARKET STRUCTUREConsidering the Appolo Hospitals, the price was just completed its accumulation stage. If we see in the Accumulation stage, it traveled between the range. And 200 EMA was also above the Price. Currently, the price is about to break the resistance of the Range. As we can see that the price is also above the 200 EMA. This indicates the price will go up because it completed its accumulation stage. There are more chances to go up as I mentioned in the chart. I think it's the time to gain profits in Appolo Hospitals.
SOLARA ACTIVE PHARSOLARA ACTIVE PHAR was failed to take support from the levels of 913.55 and was a gap down on the next day on 10th Feb 2022. Now understand that, whenever the gap up or gap down occurs, the market always tries to fill it, as it is an empty space. Now Solara was a gap down and after that, Solara takes the support on 606.80 and now rushed up to the 769. Can go to the 900 levels to fill the empty space. This is a Tutorial Chart, but anyone can have a trade if they want to enjoy the rally.
Trade on your own risk management and trade management tool
As the market is showing no clear direction, be cautious for not just this trade, but with every trade.
If you are in profits, please maintain your Trailing Stop Loss.
ELGIEQUIP is ready to equip the profitsELGI EQUIPMENT is showing us a good triangle pattern.
It's a small triangle pattern but can be useful for swing trading.
Maintain the trailing stop loss in every profitable trade.
The Redline is 1st target line as well as the first resistance line and if 450+
Risk Management is capital management (Based on your risk appetite) and Trade management is the technique or a strategy from which you carry out your current profit.
Trade on your own risk management and trade management tool
As the market is showing no clear direction, be cautious for not just this trade, but with every trade
Orient Paper T3 Target Achieved, with gains of 32% Orient Paper T3 Target was achieved giving gains of 32%, in five months.
The entry was triggered on 9th June and missed the the SL twice by a whisker. By that note it also missed the ultimate third target by 0.10 ps.
While it did take substantially longer time than the anticipated 8-10 weeks, yet in the end it turned out quite worth the ride.
HIND PETRO upward channel pattern BreakDown - BEARISH NOWNSE:HINDPETRO Looking bearish below 300 now. It has given a breakdown from upward channel pattern and continuing downward trend by giving a breakdown from this channel pattern. Short below 300 after passing a retest from channel's trendline resistance. Hind Petro has a strong support zone near 375 following a long term trendline. it may reverse from it and can give a reversal after touching 372-375.
TARGETS HIT!! NIFTY EXPIRY LONGITS RAINING PROFITS TODAY!! 🤑🤑
Earlier I posted a Nifty expiry long trade and all the levels worked like wonders today. Nifty opened directly at our entry level and I updated on the post saying that we can enter the long trade as soon as the markets open . We captured about 80% of the move in the market today and hit our targets as soon as nifty hit the all time high. I exited my option trades at our 3rd target . Over greed is also not good in the markets and exiting the trade was very important at our T3 .