QUICK HEAL - BULLISH - LARGER 3 WAVE ONGOINGHi Folks,
Quick heal is undergoing larger 3 wave on weekly time frame. Within internals of ongoing 3 wave, we can see correction in 4 wave with a classical falling wedge pattern.
Falling wedge has been broken with good volumes on daily time frame. RSI augments the price action and has broken with HH-HL structure.
2-4 trendline will act as support as well as invalidation level. Price action below this can lead to weaker price action or sideways movement will continue in ongoing 4.
In case if RSI makes higher high then previous high of 3 wave, then this can be an extended 3 which will go further up.
Targets are marked with fib projections, can be a smooth ride to these targets.
Happy Trading! Cheers!
Not a buy reco, please do your own due diligence.
QUICKHEAL
Quickheal- A quick, strong upmove coming soon?I had earlier shared quickheal as a reversal trade which gave big move.
Now, stock has formed a flag post breakout of ATH and is ready to blast.
Please note that stock is overvalued and hence, trade might be risky.
A small correction in broader market can make this stock to fall quickly. Do book profits as targets get hit.
QUICKHEAL - Ichimoku Breakout📈 Stock Name - Quick Heal Technologies Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 580.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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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!
Quick Heal Technologies Ltd#Quickheal
CMP : ₹ .405.95/-
Date : 11-01-2024
Technically looking good. SL below ₹.370-360
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
watch for resistance breakoutbuy above 245 in intraday and swing trade
keep stoploss below 228 in swing trade
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
#EXPLEOSOL Expleo Solutions #ML #AI #IOT #IT #BLOCKCHAIN #MONEYNSE:EXPLEOSOL
Expleo Solutions Ltd.
NSE:EXPLEOSOL
Risky but could be a great trade
RR Ratio > 4
CMP: 1127
Target 1750 almost 50%
SL: 975
Time < 6Months
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
Breakdown in QuickhealTheir Japanese Subsidiary has been desisted from JAPAN, as it was the loss center for the group.
~ Market is punishing this brutally.
Best thing for us in this, is that we have entered in the right time, i.e., even after the 17% fall, we are having around 45% return from this one.
They have strong new age product to be launched this quarter, In India & globally.
But This may continue to fall further for some time. Hence, I would suggest you those how are holding this to take out the initial investment. & let the profits be invested.
As per the technical levels, It may fall till 204 or 174 levels. (When market will be fearful, then we will take advantage with these funds!)
based on the performance in the next quarter we will then book the remaining profits or again reinvest in this one. (This is what did today)
~Also, Word of caution : Midcap & Small Cap looks week now.
from over stretched stocks try to book some profits.. market may get choppy from here. (also when 3rd covid wave is around the corner)
#ENDURANCE CMP1577.90 #Target 2085 #NIITLTD #QUICKHEAL #TCS #IT#ENDURANCE
LONG TERM INVESTMENT
NSE: ENDURANCE
CMP 1577.90
Target 2085
SL 1447
Profit 32%
Can Hold For Long Term
Factors:
ROUNDING BOTTOM PATTERN
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
#QUICKHEAL #IT #ML #IOT #CNXIT #TECH #NIFTY #BANKNIFTY #NIITLTD #QUICKHEAL
NSE:QUICKHEAL
CMP 193.10
Target 225++
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
Might blast to more than 225++
Super Bullish on this stock.
From Rachit Sethia with 💚
A pattern you would love to trade | S01e02 | QuickHeal | FLAGTake the trade on 1hr as the same day trend line is maintained on 1hr too , u can go for other timeframes too if comfy with the risk ... i would say a good 20 to 30% UPSIDE IS POSSIBLE if broken for upside ..... if broken for downside = don't take the trade wait for the price to tell what to do next :)
Happy trading :)