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IRCTC: DOUBLE BOTTOM CANDIDATEFrom Nov'22 high stock was under pressure and tested the Jul'22 on 27-Mar'23. From there prices are bouncing back forming higher high and higher low on the lower degree time frame. There is also a formation of INVERSE HEAD & SHOULDER PATTERN which is a bottom reversal pattern whose neckline is 655 and currently prices are trading above this level on weekly chart which should be considered as the breakout of this bottom reversal pattern. The measured target for this pattern is coming about to be in the region of 775-780 zone which is also the neckline of Double bottom pattern on larger degree front. TRADING STRATEGY: Buy 662, SL: 616 TGT: 775-780
NSE:IRCTCLong
by TradingSutra
2
Long setup in Metropolis HealthcareA probable Inverted Head & Shoulder Chart Pattern Breakout will happen on the weekly Time frame of NSE:METROPOLIS Price Action nees to be supported by volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only after successful breakout confirmation. Stop loss will be on a weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Inverted Head & Shoulder Chart Pattern Technical Indicator :- Positive MACD Crossover
NSE:METROPOLISLong
by raigvivek
MMTC Extremely Bullish BreakoutA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:MMTC Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:MMTCLong
by raigvivek
1
BHARAT ELECTRONICS LTDHello & welcome to this analysis Stock continues to be in an uptrend in the higher time frame with resistance in the monthly/weekly time frame near 145. In the lower time frame its forming a wedge like structure with a small triangle. Resistance at 128.50 support at 124. The stock has been a rank outperformer and any dips to monthly / weekly support zones would be an opportunity to buy, as well as investors could continue to do SIP in it from a long term perspective. Happy Investing
NSE:BEL
by Dinesh_C_Nagpal
5
Long on COAL INDIA (CMP - 230)Coal India (CIL) has reported another quarter of excellent earnings in Q1FY23. Revenue increased 38.8% YoY to Rs351bn, supported by 10.6% YoY. Expected revenue growth of 25.01% for next year is more than last 3 year CAGR revenue growth of 2.53%. This stock offers good dividend returns and has been generating better return on equity than bank FD. The current price is less than it's intrinsic value. It is good time to consider, as stock is not in overbought zone. I believe Coal India Ltd will continue to perform well as factors which were at play in the past two quarters will continue – high thermal power demand, high international coal prices and subsequent increase in demand for domestic coal, leading to higher e-auction premiums. So, one can add to there portfolio for long term. The stock has completed its rounding bottom structure and one can consider the levels mentioned in the chart.
NSE:COALINDIALong
by mayurmalgear