Breakout and Retest in MCDOWELL_N
Entry: 859
Target 1: 930
Target 2: 1005
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
NSE:IRCTC
The price, after the breakout from the channel pattern is regularly testing the Trendline and taking a support from it. Now the price is again testing the trendline, and also testing the confluence of the major moving averages. This is the reason I am very confident on this trade. This is a positional trade for upto 3 months. This Target levels are 758...
Breakout and Retest done in GUJGAS
Entry: CMP (527)
Target - 577
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
NSE:BDL
The prices, after giving a breakout from the Ascending Triangle Pattern has retested the support area. I think that it is the good time to enter the stock. The prices are above the important moving averages. The MACD and RSI is also Bullish. This view is for upto 6 months. The Target levels are 1070 and the stoploss levels are 864.50 levels.
Disclaimer...
Breakout and Retest in GRANULES
Entry: 323.45
Target 1: 390
Target 2:430
DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
Entry: 87-88
Stop loss on closing basis : 83.5 (for aggressive traders) & 80 (for conservative traders)
Target : 116-120
Notes:
Stock made 52 W high with good volumes
Retest with declining volumes
NSE:OBEROIRLTY
The Stock had given the breakout from the channel pattern and now the price is retesting the trendline. The risk takers can take a bet and enter on current levels. Those who are conservatives can wait and see the candle patterns and price behaviour to enter. The SL and Target are given on the chart. The view is for upto 6 months.
Disclaimer :-...
Entry : 249-250
Target: 275/283
SL : 240.5 (closing basis)
Notes:
Stage 2 stock
Formed 9 week base
Breakout form base with good volumes
Retest with lower volumes
Completing round bottom on monthly chart
There's some interesting price action happening in Edelweiss Fin After a strong base formation it gave a Breakout with good volumes expansion. It retested thrice on the same support of 51 giving the stock a strong bounce every time. After it broke out it halted and started going for a pullback and that too with dull and weak sellers' interest and this low volume...
INFO EDGE has been respecting the trendline since a long time and has always hit the lower channel followed by hitting the upper channel which gives an opportunity for a quick profit following past data and all done on above average volume.
Support of 50EMA and trednline provide enough confluence for a quick long side trade targeting around 4591.45
Tight stop...
Entry: 3085
Stop Loss: 3015 (closing basis)
Target : 3425
Notes:
VCP pattern formed as base
Breakout with good volumes
Retested Bo with declining volumes
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
