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L&T FINANCE - PERFECT RSI DIVERGENECE; LETS SEE HOW IT WORKSL&T Finance Ltd. is an interesting chart with following 1. Positive RSI Divergence on Daily Chart 2. Price taking minor support at monthly super trend levels 3. Double Bottom with Outside and inside (Bollinger Band) Bars on daily chart 4. Major Trend line support on weekly chart near 122-132 zone 5. Price near 50% Fibonacci Retracement level at 135.45 and thereafter 61.8% retracement near 121.60 levels 6. Can be a good risk reward for a reversal trade Caution: Stock as well as benchmark index both are in down trend with Stock's RSI below 40 on both Daily and Weekly charts. One must keep on radar with strict Stop loss as per one's own Risk reward matrix Lets See How it evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:LTFLong
by rajivrajeev
Descending channel Breakout reversal strategyLINDE INDIA 1. Descending channel Breakout reversal strategy 2. Inv Head and Shoulder Pattern 3. Close within 52W high zone (-12.6%) 3. Close above the previous day's high 4. Close above last week high 5. Close above last month high 6. High increase in 1 month (+18.8%) 7. High increase in 6 months (+33%) 8. High increase in 12 months (+47.9%) 7. Promoter holding 75 % 8. Pledged percentage 0 % 9. Change in Prom Hold 0 % 10. FII holding 3.03 % 11. Chg in FII Hold +0.72 % 12. DII holding 6.84 % 13. Chg in DII Hold -0.61 % 14. Stock PE 168 15. Industry PE 39.9 16. ROCE 17.4 % 17. ROE 12.9 % For Educational Purpose Only
Editors' picks
NSE:LINDEINDIA
by Sachin_Lokchandani
4
FEDERAL BANK reversal candidate in short termNSE:FEDERALBNK looking good for reversal after correction. Closed just at Resistance zone. If sustains above resistance which is 190-192 can show Positive move till 195-198 in very short term. above 198-200 zone stock will head towards new life time high and 1st levels will be 215-220. very Short term support is at 187-188 and mid term support is 182. No buy sell recommendation. trade with your own study and risk management just for education purpose
NSE:FEDERALBNKLong
by Prabodhan_K
IS IT TIME FOR REVERSAL IN NHPCNHPC has been moving in a Parallel Channel from January. No green candle has closed above the upper trendline. There is also a Resistance Zone between 115-119. After testing the above resistance zone the price has been continuously falling to touch the Bottom Trendline. Yesterday a green candle has been formed signalling a trend reversal. A buy can be initiated above the candles high for a 1st Target of 116 and a 2nd target of 126 if it breaks the Resistance zone.
NSE:NHPCLong
by eastwind65
KABRA EXTRU. A 6 MNTH CONSOLIDATION BREAKOUT WILL IT SUSTAIN?Kabra Extrusiontechnik Ltd. is an interesting 6 month long consolidation breakout 1. RSI on all time frames above 60 2. Price Breakout with huge volume candles 3. Narrowing Bollinger Bands on both daily and weekly charts Will it sustain ? or Will it Fizzle out ? Lets See How it Evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
NSE:KABRAEXTRULong
by rajivrajeev
SBICARD - WILL IT RETEST ITS BREAKOUT OR NOT ?SBI Cards And Payment Services Ltd. an interesting chart with Harmonic Pattern under progress 1. Narrowing Bollinger Bands on Weekly chart and price started moving on upper band last week 2. Break out from base formation after 8-9 month's consolidation within 680 - 750 levels. 3. Daily and Weekly RSI above 60 4. Next minor resistance between 830-870 zones A chart to keen on radar and to watch Will it RETEST its breakout levels or Will it complete its pattern journey without any RETEST Lets see How it evolves. Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:SBICARDLong
by rajivrajeev
Trendline breakout in Jubilant IngreviaJubilant Ingrevia is a multibagger stock from 2021-22 bull run which has now corrected to a fair value. The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels. However, this is a very risky stock to invest and the next strong support is deep near 390-400 levels. One can try to buy the dip near 425 for a better risk reward . Note:-Idea has been shared for educational purposes and should not be considered as a recommendation.
NSE:JUBLINGREALong
by chartistamey
BUTTERFLY - PRICE REVERSAL POST CORRECTION OF 64%Hi All, This idea is about Butterfly Gandhimathi Appliances Ltd CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis Weak Fundamentals Market Cap - 1500 Cr Stock PE - 184 ROE - 2.8% ROCE - 5% Promoter Holding - 75% D/E - 0.01 Technicals Post correction of 64%, price has reached a point where horizontal & rising support meet and price action is showing signs of reversal This is a weekly chart & therefore time is required in order to reach different targets marked on the chart namely T1, T2, T3 Happy Trading, Stock-n-Shine
Editors' picks
NSE:BUTTERFLYLong
by Stock-n-Shine
7