Could Pokarna help you attain Nirvana ?After a long uptrend and in spite of the recent correction that we experienced this stock held its ground consolidated sideways holding on to its very strong support.
Although the targets here seem to be quite high, the overall markets are a little uncertain. Hence, we take small steps forward and then start trailing the Stoploss as and when it climbs.
Fantastic pattern and rectangle breakout seems evident. Enter only on Daily Closing Basis confirmation
Rectanglebreak
JYOTHY LABS - Swing Trade Analysis - 3rd July #stocksJYOTHY LABS (1W TF) - Swing Trade Analysis given on 3rd July, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
ADSL - BREAKOUT AND A 2X CANDIDATE BASED ON FUNDAMENTALSHi All,
This idea is about Allied Digital Services Ltd
Mkt Cap - 1204 Cr
Stock PE - 26
Mcap/Sales - 1.75
As per mgmt concal transcript, revenue guidance of 1000Cr in FY25/26
Assuming NPM at 8%, this could take the mktcap to 2200Cr easily which wud appreciate the stock price towards levels of 400
Technically also its a healthy breakout with expanding Moving averages after tight consolidation. Volume is extremely good to support further price action
Happy Trading,
Thanks,
Stock-n-Shine
WELCORP - CLEAN BREAKOUT OUT OF DARVAS BOXHi All,
This idea is about Welspun Corp Ltd
FUNDAMENTALS
Mkt Cap - 17161 Cr
Mkt Cap/Sales - 0.99
P/E - 15.5
P/BV - 3
FCF - 1022 Cr
D/E - 0.35
Promoter increase thr stake by 0.18%
ROE - 21%
ROCE - 21.6%
Technicals
Price has been consolidating within a range of 25% and has now given a decisive breakout above the supply zone. There was a mid resistance as well which was broken with good volumes
Hope you have a profitable trade,
Thanks,
Stock-n-Shine
RAILTEL - Swing Trade Analysis - 23rd June #stocksRAILTEL CORPORATION OF INDIA (1W TF) - Swing Trade Analysis given on 23rd June, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
MAHANAGAR GAS - Swing Trade Analysis - 30th June #stocksMAHANAGAR GAS LTD (1W TF) - Swing Trade Analysis given on 30th June, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
CASTROL INDIA - Swing Trade Analysis - 10th April, 2024CASTROL INDIA (1D TF) - Swing Trade Analysis given on 10th April, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - Done ✓
- Wait for Demand Zone Retest & Consolidation - In Progress
* Disclaimer
INDUS TOWERS - Swing Trade - 20th February #stocksINDUS TOWERS (1D TF) - Swing Trade Analysis given on 20th Feb, 2024
Pattern: RECTANGLE BOX
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #INDUSTOWERS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
SIEMENS - Swing Trade - 11th February #stocksSIEMENS (1D TF) - Swing Trade Analysis given on 11th Feb, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Buildup, Retest and Break - Done ✓
- Retest & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #SIEMENS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment
BHEL - SWING TRADE - 28th December #stocksBHEL (1D TF)
Swing Trade Analysis given on 28th December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup at Resistance - Done ✓
- Breakout of Resistance - Done ✓
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte
FORTIS - Swing Trade - 22nd February #stocksFORTIS (1D TF) - Swing Trade Analysis given on 22nd Feb, 2024
Pattern: RECTANGLE BOX
- Volume buildup at Resistance - Done ✓
- Resistance Breakout - In Progress
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #FORTIS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
AMBUJA CEMENT - Swing Trade Analysis - 28th January #stocksAMBUJA CEMENTS (1D TF) - Swing Trade Analysis given on 28th Jan, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #ambujacem
BIKAJI - SWING TRADE - 23rd December #stocks#BIKAJI (1D TF)
Swing Trade Analysis given on 23rd December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte
GANDHITUBE | Weekly Chart | Rectangle Chart pattern | ATHChart analysis:
Pattern: Rectangle pattern is formed when the consolidation takes place.
Breakout: Rectangle pattern is breakout happened on 24-Jan-2024. Price might comes to 770 for re-test of the BO.
Volume: Spike in volume in BO candle indicating big players are interested.
Trade setup:
Entry price: Between 769.45 and 802.85
Stop loss: Below rectangle pattern i.e., 654.95
Target 1: 957.80
Target 2: 1260.65
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades