Som Distilleries Rectangle Positional Trade: Som Distilleries
Last close: 47.15
Target: 53/55
Stop Loss: 44
Rectangle
NIFTY WEEKLY ANALYSIS (17/7/21)Trendline still not broken (price near trendline and in consolidation mode around 15600 to 15900
This week the nifty closed at ATH and managed to close at upper levels.
Making small momentum candles (can break either side, p.s. Major trend is up)
Strong support at 15300 levels
A decisive close above 16000 with a catalyst is needed to enter new territory.
This weak midcap/ Smallcap and many other stocks blasted (realty/ pharma / broking) stocks did well.
Borosil Renewables Rectangle Trend Post Mean ReversionMedium Term Trade: Borosil Renewables had been undergoing mean reversion which appears to have completed and the stock seems poised to trend again.
Buy: Borosil Renewables
CMP: 290
Target 1: 353
Target 2: 392
Stop Loss: 270
Eicher Motors - Short term opportunityEicher Motors looks good with a decent risk reward
A good pick for very short term
Levels and analysis is mentioned in the chart
If you found the analysis useful, give a like and show your support. Thank you!
Happy Trading!
Regards,
Segan
Astra Microwave ProductsPositional Trade: Buy Astra Microwave Products
Last Close: 178
Target: 195
Stop Loss: 173
Century Plyboards Rectangle BullishPositional Trade: Century Plyboards is on the verge of breaking out of a rectangle.
Buy: Century Plyboards
CMP: 423
Target 1: 460
Target 2: 475
Stop Loss: 408
TVSMOTOR NEAR SUPPORT. SWING TRADE OPPORTUNITYPrice taking nice support with hammer candle. 1R:2R Swing Trade Opportunity
Buy at 600 with strict SL 575 TGT - 650+
GRANULES AT BO ZONE WITH HUGE VOLUME. SWING TRADE OPPORTUNITYPrice is near Breakout Zone with very nice price action and Huge Volume Support
SWING TRADE OPPORTUNITY
BUY ABOVE 375 FOR TGT 425+ WITH STRICT SL 325
SPECIAL CHART: PETRONETMonthly Chart Analysis:
1. Trading in the range of 220-250 for almost 3.8 years. Most candles close in the range. Buyers not allowing to fall below 200, and sellers too not allowing to rise above 300. Tight compression.
2. Right now, trading inside triangle pattern. Watchout for breakout on either side.
3. I am long on this share, because buyers have tried multiple times to take it up. See upside spikes highlighted on chart.
Nifty - Technical Analysis - LongHi Guys,
Please find the detailed analysis of my view in Nifty!!!
Time Frame of Chart - Daily
Market Structure - Advance
Swing Point - Swing Low to Swing High
Last Line of Defense is Braked ? No
What Type of Trend? Strong Trend - Healthy Trend - EMA50
ATR Volatility? Down
CPR? - Bullish Bias
What type of CPR? Extreme Narrow
Previous Virgin CPR is there? Yes
Trend: Bullish
Chart Pattern: Flag and Rectangle
Build Up happened before /after the breakout of the Chart Pattern? Yes At Resistance
Breakout Happened? No
Breakout Happened with god volume in Chart Pattern? Not Applicable
Post Breakout Next Candle in-line with breakout candle? Not Applicable
Retest Happened? No
Whether Breakout happened near the CPR? Not Applicable
Post Retest Any Candlestick Pattern Found Inline With? Not Applicable
In Area of Value whether any trend continuation pattern Found? No
Support: 15700-15650, 15400 and 15050
Resistance: - 16000
Trading:
Buy : Above 16000 ( Closes Above Daily TF)
SL - 15625.90 ( Closes Below Daily in TF)
Target - 17150 ( Based on Fib Extn)
Risk: 374
Reward: 1150
Ratio: 1:3.07
Trade is Favorable ? Yes
Regards,
Thenali Views.
Disclaimer: Kindly do your own analysis before executing the trade or contact
your financial advisor
M&M FIN : trade set up !!!m&m finance : cmp 161.70
trade set up :
1.buy at breakout price zone (160 to 162)
2.stop loss 149 closing basis
3.targets : 178/192/210/224+
technical buy based on :
1. symmetrical triangle pattern .
2. support and demand zone .
3. volume increase at breakout price .
4. cheap valuation valuation in sector .
DARVAS ka pitara Keep this stock in watchlist for Monday. Also can be considered as a candidate for swing Looks a bit illiquid please be cautious.
Hdfc Bank Range BreakoutThe stock has given a RANGE BREAKOUT in day tf, short term investment for quick 5-10% is expected. Please like, comment and follow me if you like my work :)
ICICIGI - RectangleRectangle forming on Hourly Chart of ICICIGI. BUY 1610 -> 1630, 1650, 1670. ATH 1626.90. Consolidating in between 1550-1610. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Orient Refractorie - Classic price action breakoutNSE:ORIENTREF
entry - cmp
sl - 325
trail as per trending HH-HL structure
