REFEX Trade Set up1. Trend bullish
2. Price trading at support
3. SL wait for 2 weeks closing below the 507 levels
4. RR lucrative from 1:8 to 1:22+
Reversal
REVERSAL TRADE IN MANGLMCEMPrice approaching support trend line.
Overall, the structure looks strong.
Valid only if bounce sustains!
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.
BASF on a strong supportBASF is consolidating near a strong support. We can see a higher low, higher formation with daily RSI over 60 which indicates that a breakout might happen soon.
Stock might face resistance at 2650 and 2800 levels.
Kindly trade as per your own analysis since this idea is shared only for educational purpose.
JISLJALEQS Trade Idea1. Trend: Bullish
2. Set up: Fib level reversal
3. RR: Lucrative
4. Strength: Stron
Heavy volume breakout in CastrolCastrol is a safe stock which has shown an amazing trendline breakout.
Stock provides a good dividend yield as well.
If trend continues in upward direction, stock can test ATH and make new highs in medium term.
Keep in watchlist. Levels mentioned on chart.
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
TIPS INDUSTRIES DESCENDING CHANNEL BREAKOUT REVERSAL STRATEGY TIPS INDUSTRIES
1. Descending channel Breakout reversal strategy
2. Close within 52W high zone (-12.1%)
3. Close above the previous day's high
4. High increase in 1 month (+8.8%)
5. High increase in 6 months (+32.6%)
6. High increase in 12 months (+92.7%)
7. Promoter holding 63.9 %
8. Pledged percentage 0 %
9. Change in Prom Hold -5.06 %
10. FII holding 2.09 %
11. Chg in FII Hold 1.24 %
12. DII holding 8.17 %
13. Chg in DII Hold 7.26 %
14. Stock PE 47.1
15. Industry PE 45.6
16. ROCE 107 %
17. ROE 80.6 %
For Educational Purpose Only
Gravita-A support reversal you shouldn't miss!Gravita is looking strong to retest ATH levels soon.
Stock had given breakdown from trendline support which was a bear trap.
Stock formed double bottom near support and today gave a huge volume move.
If broader markets support, this stock can make new ATH!!
IIFL Finance-A risky potential trade!The stock IIFL finance has recently crashed post news release of RBI debarring the company from sanctioning and disbursing fresh gold loans.
However, such news based falls are good opportunity for long term investors to accumulate.
Short term traders can also be interested in this stock since it has started some recovery.
The stock can show sudden spike like the one seen in Polycab and Manappuram post news based fall.
Trade is risky but has a big potential.
Trading in tight range, breakout candidateBreakout candidate, has given good reversal from 2100+ levels.
$Bitcoin ($BTC) good setup : One Simple Horizontal line-In consolidation for 3 months (Long base means Big Breakout)
-Tested 71800ish resistance level multiple times and this time after testing took support of 10 ema (2 wicks) n signalling reversal.
-Good Shakeout U&R (Undercut and Rally, when price go lower than last lower: kicking out weak players , taking out their stop losses and rally back to upside)
-Signal Candles: Big Green Candles with vol showing buyers in action.
Metropolis-This breakout can bring momentum back!Metropolis had been a multibagger during Covid but corrected almost 100% post 2022.
Stock will give good returns once a weekly closing is seen above 2000.
Fundamentals are strong. Healthcare is a good sector for long term investing.
Keep stock in watchlist.
ONWARDTEC Probable trade set up analysis1. Trend: Bullish
2. Set up: Retest Reversal
3, Confirmation pending for the right stop loss
4. RR will be lucrative if reversal is confirmed
ACCELYA Reversal Trade set up1. Trend: Reversal Trade
2. Set up: Double bottom reversal
3. RR: 1:5+
4. Follow strict SL
jubiliant foodworks potential reversal NSE : JUBILANT FOODWORKS
CMP - 472.6
VIEW - bullish / long
ANALYSIS - Technical
A bull divergence on daily MACD indicator with higher lows is contrast with price
action of lower lows indicating a divergence.
Breaking of bearish trendline indicates a potential trend change with double bottom formation
Target - 519-525
stoploss - below 407-415 closing basis
timeframe : 12 weeks
disclaimer: it is a educational purpose publication and not a trading recommendation.
Nifty IT BULLISHThis perspective is for mid and long term.
Share the link as much as you can so everyone can benefit.
:)
SEAMECLTD 1:5 sideways channel trade set up1. set up: double bottom
2. Trend Bullish
3. Probable channel breakout may happen in coming weeks
4. RR: 1:5+
KPITTECH 1:9.5+ RR trade set up1. Set up: Reversal
2. Trend Bullish
4. SL lucrative with less then 3%
5. RR 1:9.5+
ASIANPAINT 1:8.8 RR Trade set up1. Trend: Sideways
2. Set up: Reversal from support zone
3. RR: !:8+ RR
4. 1 Year consolidation zone, it could be re accumulation or could be distribution, will know after breakout or break down.
5. For now can trade in sideways zone
Dilip buildcon-A good infra stock to build portfolioDilip buildcon has given a monthly breakout from cup and handle pattern and is looking good for a reversal trade.
If you trust India's infra story, this stock should be in your portfolio considering its bettering fundamentals.
For short term traders, currently stock is not showing any bullishness but can give good move if Q4 2024 results are positive.
Supriya Life-A picture perfect IHNS breakout!If you are a pattern breakout trader, you will definitely love this idea!
Supriya life science has given a good breakout from inverted head and shoulders pattern and is looking strong for a reversal.
Stock can test ATH levels soon and might give bigger targets in future. Stock should give weekly closing above 400 for confirmation. Safe traders must wait for tomorrow's closing before entering.
A must stock to keep in watchlist!
Solara-A risky reversal trade for multibagger returns!Solara is a loss making pharma company which has been consolidating in a tight range from last couple of years.
If stock sustains above 500, we might see quick movement like the one we saw in Wockhardt & SPARC.
Company doesn't have good fundamentals, so keep it as a trading position and less amount if you want to.
