Rectangle
Long on DeltacopThis channel is about sharing my views about the Indian stock market. I am not SEBI registered. This channel is only for educational purposes. Before taking a trade takes a suggestion with your Financial Advisor (or) Trade at your own risk. I am not holding any position.
Rectangle pattern break out in Deltacop We can Expect 375/-
Supreme Petroleum #supremepetro 1000+Breakout with volume.
Weekly volume is already above average.
Expecting 1000+
Not sebi registered. Only for educational purpose.
Take position according to your risk-reward.
Continuously uptrend |Retrenched to fib & support| Option DataThe stock is in continuously uptrend and given multiple breakout, recently corrected and retrenchment golden level.
The bullish engulfing candle created from support & fib level and partial confirmed from volume surge.
Idea : Go long above mentioned level in week chart with stop loss at support level and target of 30%.
Short only if support broken, target and stop loss as per price action & pivot point.
Option Data : Max Put writer at Strike 400
Max Call writing at price range of 440-450
The option data suggesting that price range between 400-450, above 450 definitely will initiate short covering and will be an entry point.
The above chart based on 2 hourly time, the price broke the trendline and retested level with bullish candle.
JSW Energy Rectangle pattern formation around 50 ema shows some accumulation. Pattern has a quite good consolidation for 3 months. Also with 50 EMA sloping flat to positive will help in price to move higher. A recent re-test of 50EMA inside rectangle pattern shows strength.
DISC: chart posted for learning purpose only.
PNB Gilts : Fundamental & TechnicalsStrong Fundamental with sales and profits growth.
a) P/E 4.81 b) P/B 0.96 c) ROE 38.50 % d) ROCE 8.34% e) Dividend Yield 13.61% i.e., Rs 10 per share f) Operating Income has grown well for the company over past 3 years CAGR 38.02%
Technical
The price was consolidating inside Darvas Box past 6month and given a Resistance breakout
Entry will be at retest level Rs 72, Target Rs 78.25, 82.80 & 94.50 and Stop Loss Rs 67.80
Thanks
Disclaimer: Consult your financial advisor for trading, investing and risk management