Rectangle
Ganesh Housing Weekly AnalysisBy this we get to know Importance of Technical analysis.
13 Years Channel Breakout Target 364.
After that 2 times consolidated and again it breakout with strong buyers . Recently also same Thing happened and going towards it 13 Years Channel Target that is 364
Even though market is correcting this stock look very strong technically.
Do your own analysis before taking any trade. This is just view not recommendation to trade.
NSE:GANESHHOUC
Siemens India: Positive Breakout after a long hiatusBasis: Siemens has given a good box breakout after nearly 8 months consolidation and supposed to be looking good. Could touch 3000 soon. Based on the situation below spread can be created for Aug'22.
Idea: Bull spread. Buy 2900 CE 1 lot and sell 3000 CE 1 lot for R:R of 1:1.52.
SL: If Siemens starts breaking down below 2800 exit. (Dont hold for too long.)
Target: Exit with profit as soon as it touches 3000. (Dont hold for too long.)
If above is risky then one can buy Siemens in cash at current levels for target of 3000 with SL of 2790.
Thanks
(Above is for education purpose only. Pl consult your financial advisor before investing.)
Channel breakout in Kirloskar Oil EngiChannel breakout in Kirloskar Oil Engi.
Stock has a potential to reach 200-220 Range.
12 Aug we saw breakout candle with good volume.
For upside movement stock has to close above 180 range .
170 should act as immediate and important support.
Risk averse can keep 160 as SL. Risk taker can keep 149 as SL.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
NSE:KIRLOSENG
BALAJI AMINES LTD - Bullishness?Balaji amines Ltd gave resistance breakout with Good volume and made a retest. One can go long above day high with stoploss below the retest low.
Disclaimer :- I'm not SEBI registered analyst. This is my personal view. Information given is for educational purpose only.
Do your analysis before investing.
Channel Breakout in Mold Tek Packaging?Stock was trading in a sideways channel, now it has given breakout with good volume.
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move in coming days.
If price is coming for retest 840-870 levels should act as immediate support.
Stop loss for this trade can be placed below 775.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
NSE:MOLDTKPAC
KEI INDUSTRIES - WEAKNESS?Evening Star pattern has been formed near Trend Resistance inD1 Timeframe. Evening Star pattern shows a trend reversal if it's formed near resistance. In M30 timeframe, Head and shoulder pattern has been formed. So closing below 1350 may show some weakelness.
Disclaimer :- I'm not a SEBI registered analyst. This are my personal view. Information given is for educational purposes only. Do your own analysis before investing.
Nifty Market Prediction for 8 August MondayIf you observe the market on 1h Time it's is in good range and if it gives breakout to that level, we can expect a good momentum either side.
And also you can take entry based on 5 minutes TF for intraday.
Before taking trade make a view, that will help in the trading.
VEDL Weekly analysis This is just a view of Vedanta. Now stock is at important trend line, next important supply zone also mentioned in the chart. This is just for education purpose, you can check how stock was behaved once it broken its important resistance previously.
Do your own analysis before taking any trade.
NSE:VEDL
Looking Good for short termtried with multiple time frames and its looking fine as of now could initiate entry at CMP but I would suggest a safer place to enter above 1488 in that case risk reward changes accordingly, so please check that with your own.
Apart from this its ready when it gives close above/below box for around 10%.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
[POSITIONAL] METROPOLIS LONG BET risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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