EXICOM completes WAVE4, Ready for Reversal#Exicom CMP: 320 📈
✅Completed Wave 4 above Wave 1 levels on Daily Chart
🚀Can give sharp up move towards Wave 5 that can lead to Target above previous high of 530.
LongReversalpattern
Long
bandhan bank a consolidation under breakout will it succeed ?Bandhan Bank Ltd. is an interesting chart to keep on radar
1. Price formed base in its 6 month long consolidation
2. BAT pattern under formation on weekly chart
3. Narrowing Bollinger Bands on daily and weekly chart
4. Price getting ready to breakout of its consolidation and walk on upper Bollinger bands on daily chart
5. Minor resistance near 208-210 zone
Will it breakout and reach point 'D' ?
or
Will it continue its consolidation ?
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.
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Technical Analysis for Barbeque Nation Hospitality Ltd.Technical Analysis for Barbeque Nation Hospitality Ltd. (BARBEQUE):
- **Time Frame:** Weekly chart
- **Trade Type:** Swing trade for 6-12 months
- **Entry Strategy:** Buy at Current Market Price (CMP) ₹626.60
- **Stop Loss (SL):** ₹539 for risk management
- **Targets:**
- Target 1: ₹1022
- Target 2: ₹1190
- **Risk-Reward Ratio:** Favorable
Monitor price action closely, particularly during the retest of the breakout. Adjust strategies based on market dynamics.
#BarbequeNation #TechnicalAnalysis #SwingTrade #StockMarket #RiskRewardRatio #TradingStrategy #BreakoutTrading
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ZFCVINDIA 1: 10+ RR trade set up1. Trend: Bullish
2. Set up: Reversal from Fib levels
3. RR 1:10+
4. Strength strong
Long
Rossari Biotech-A reversal in yet another chemical sector stock?Rossari Biotech has given a breakout of horizontal resistance of around 890-900 is sustaining above it.
Stock is looking attractive for good reversal and might reach its ATH in medium term if broader markets are supportive. However, there is an immediate resistance near 1000 as well.
As we have seen this week, there are lot of global tensions leading to high market volatility.
Focus on managing your risk and saving your capital.
Long
ASTER DM HEALTHCARE - Swing Trade Analysis - 23rd June #stocksASTER DM HEALTHCARE (1W TF) - Swing Trade Analysis given on 23rd June, 2024
Pattern: BACK AT WEEKLY SUPPORT ZONE
- 8 Weeks Consolidation at Weekly Support Zone - Done ✓
- Strong Weekly Volume Buildup at Support Zone - Done ✓
- Demand Zone Consolidation & Retest - In Progress
* Disclaimer
Long
JKCEMENT Trade Set up1. Trend Bullish
2. Set up: Probable Breakout / Reversal H & S
3. High bottoms wih consolidation below the resistance, may give bigger move
Long
ADANI GREEN - Swing Trade Analysis - 26th July #stocksADANI GREEN (1W TF) - Swing Trade Analysis given on 26th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendline Breakout - Done ✓
- Strong Pullback from Weekly Support Level - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
#ADANIGREEN #niftyenergy
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JISLJALEQS Trade Idea1. Trend: Bullish
2. Set up: Fib level reversal
3. RR: Lucrative
4. Strength: Stron
Long
Epigral-DO NOT MISS!Logic:-RSI positive divergence near trendline support followed by Consolidation breakout
Epigral is yet another chemical stock showing reversal signs. It has got decent return ratios (ROE , ROCE above 30% ) and PE ratio of 18 at CMP.
Relatively safer stock to bet as technofundamentals are strong together.
Happy trading!
Long
Tejas networks-Technically strong setup!Tejas networks is a loss making multibagger company which has been consolidating since few months.
If stock breaks 800, a support reversal can be confirmed and new ATH can be expected in stock.
The stock is a multibagger stock which can repeat its performance if market is bullish.
Only Risky traders should keep this in watchlist
Long
KILITCH DRUGS - Swing Trade Analysis - 20th July #stocksKILITCH DRUGS (1W TF) - Swing Trade Analysis given on 20th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - Done ✓
* Disclaimer
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GMDC - Swing Trade Analysis - 9th July #stocksGMDC (1D TF) - Swing Trade Analysis given on 9th July, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
#GMDC #niftymetal #nifty500
Long
PNC INFRATECH - Swing Trade Analysis - 8th July #stocksPNC INFRATECH (1D TF) - Swing Trade Analysis given on 8th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
#pncinfratech #niftyinfra #nifty500
Long
DB REALTY: New Trend incoming!DB REALTY is showing buyers interest at the support and currently looking attractive at CMP of 203. Enter after studying this with your setup. Targets are marked.
NOTE: I'm not a SEBI REG. Study charts before investing.
Wheels India- A good breakout for big targets!Wheels India has given a weekly breakout of triangle pattern. Stock is getting ready for making new ATH.
We can see a good quick move in the stock once 910 is broken. Keep in watchlist.
Stock has shown good volumes as well in recent weeks.
Long
Long
Another diagnostic stock ready for reversal!This has been on my radar for months but it never gave a convincing breakout. A strong weekly candle closing today may lead to the awaited breakout and further upmove in the counter. NSE:LAURUSLABS is running strong with trendline support and ready to break above and sustain 450 levels. Have already posted NSE:LALPATHLAB from the same sector.
Long
Nazara-Have your Nazar on it ;)Nazara is a company which develops gaming software.
Stock has given good volume breakout from a strong resistance zone.
Immediate resistance is 1000 above which stock will fly.
As i said, keep this stock in your nazar(watchlist)
Risky traders can enter as per my levels for better risk reward.
Do follow me if you like my analysis!
Long
STAR HEALTH - Swing Trade Analysis - 30th June #stocksSTAR HEALTH & ALLIED INSURANCE (1W TF) - Swing Trade Analysis given on 30th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendline Breakout - Done ✓
- Volume Spike at Weekly Support Zone - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
Long
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
Long
Bank Of India for 66% biggest profitCMP 123
Target 201Rs( 66%)
Next average at 101( Invest same amount at 101Rs level)
duration : 1.5 year.
Bank of India made reversal from trendline support and now its looking great at this level of 123Rs...downside is limited to 100Rs
Belongs from PSU sector which is already bullish .
nothing is negative for this counter.
You can invest big amount also
Be invested and grow your wealth .
Long
JAYAGROGN - INVERSE HEAD AND SHOULDER PATTERN WITH STRONG VOL BOHi All,
This idea is related to Jayant Agro Organics Ltd
Fundamentals:
The Company is mainly engaged in manufacturing and trading of castor oil and its derivatives such as oleo chemicals.
Market Cap - 962 Cr
Stock P/E - 18
Book Value - 181
Promoter Holding - 67%
EPS - 17.6
Debt to Equity - 0.29
ROE - 10%
ROCE - 12.2%
Dividend Payout - 23%
Technicals:
This counter has shown all important characteristics of a perfect Inverse Head and Shoulder Pattern. Left Shoulder is deeper than right whereas the head is deepest. Volume price also concurs to the pattern that with every rise volume was low whereas each decline, the volume associated was high
Most importantly, during neckline breakout, the relative volume was very high which is the most important aspect to avoid false breakouts.
The stock price has advanced more than 3% from the neckline, cementing the continuation of the breakout
This is a weekly chart, so before taking the trade it is advisable to let price action be pulled back to nearest Moving average & then take a trade
If you like my analysis please comment and let me know your thoughts,
Happy Trading!
Thanks,
Stock-n-Shine
Long