LongReversalpattern
Long
MUTHOOT FINANCE READY TO SWING UP WITH HUGE VOLUME BREAKOUT 📈💡MUTHOOT FINANCE READY TO SWING UP WITH HUGE VOLUME BREAKOUT 📈💡🔥
🟢 What a Reversal on weekly chart from Long term support! I would be damned if I wouldn't take a position it. So I will tomorrow.
🟢 That too with a steller Quarterly Results 🔥👇🏻
🎯 Revenue: Revenue increased 26.8% year-over-year to ₹3,842.68 Cr in the Q3 2023-2024
🎯 Net profit: Net profit increased 18.95% year-over-year to ₹1,103.52 Cr in the Q3 2023-2024
🎯 EPS: EPS is ₹29.46 for Q3 FY24, which is an increase of 16.19% year-over-year
🟢 Promoters Buying also Spotted 🔥🔥
I'll enter tomorrow for upto 35% upside rally with these levels 📈👇🏻
Entry - 1328
Target 1 - 1375
Target 2 - 1424
Target 3 - 1535
Target 4 - 1640
Stoploss - 1260 on Weekly Closing Basis
Long
NELCO 1:5.6+ RR trade set up1. Trend: Bullish
2. 6 months consolidation
3. Price taking support from fin 0.61% levels with double bottom formation
4. RR: 1:5.6+
Long
BATAINDIA with 1:14+ RR trade set up1. Set up: Reversal
2. Triangle set up
3. SL: Follow weekly closing basis
4. RR 1:14+
5. Probable bottomed out stock ready for massive upside move
Long
HINDALCO 1:5.5+ RR trade set up1. Trend bullish
2. Set up: Breakout & Retest
3. RR 1:5.5+ reversal trade set up
4. Double bottom at retest
Long
AKSHARCHEM Reversal trade set up1. Set up: Breakout
2. Bottomed out
3. In process of big rounding bottom
4. RR 1:13+ with 2 probable entries
Long
MCDOWELL - SWING TRADE - 6th December #stocksMCDOWELL (1D TF)
Swing Trade Analysis given on 6th December, 2023 (Wednesday)
Pattern: REVERSAL FROM SUPPORT TRENDLINE
- Volume Spike Buildup Near Support - Done ✓
- Moving back to Resistance - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #mcdowell
Long
RSYSTEMS A good high rewarding set up1. Trend Bullish
2. Price trading at support level after a false breakout
3. High chances price close in green for this week and entry can be high rewarding
Long
SAREGAMA Trade set up1. Bounce from support
2. Low risk & high reward
3. Clearly buyers are step in with wicks
Long
DPWIRES 1:7+ RR Trade set up1. Trend Bullish
2. Weak hands removed with false breakdown
3. RR: 1:7+
4. Price may shoot up faster to trap sellers
Long
ADANIENSOL with 1:8+ RR trade set up1. Set up: Breakout
2. Based built up for reversal
3. higher Bottom building
4. Early entry high rewarding set up
Long
MOL Trade st up with 1:7.9+ RR1. Set up: Breakout
2. Accumulation phase over
3. RR: 1:7.9+
4. Bottomed out
5. Big rounding bottom
Long
KOKUYOCMLN with 1:10+ RR trade set up1. Trend: Bullish
2. Potential 5 years breakout
3. RR: 1:10+
4. SL: follow of weekly closing basis
Long
BGRENERGY 1:4 RR trade set up1. Trade set up: Cup & Handle
2. RR: 1:4+
3. Trend: Bullish
4. Confluence of support
Long
SANGHVIMOV 1:7 trade set up1: Trend: Bullish
2. Set up: Reversal from support
3. RR: 1:7+ RR trade set up
Long
ANURAS Reversal trade set up1. Set up: Potential reversal demand zone
2. Trend Bullish
3. double bottom set up
Long
Railtel LongAfter given upside rally, stock price is taking rest.
Daily Time Frame
As shown in chart, price took support and making a upside reversal pattern.
for study purpose only.
Long
Atul flag breakout-DO NOT MISSAtul is one of the major stock of chemical sector which has been correcting since past many months.
We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well.
A clear flag breakout in weekly TF is visible. Confirmation is above 7600
Stock can even touch ATH if the rally continues for an year.
Keep this in watchlist.
Long
BHEL: Riding the Reversal Wave? Chart Analysis Inside!Hello traders!
Today’s spotlight is on NSE:BHEL stock, which recently surged but is now flashing a reversal candle pattern. Here’s a quick rundown:
Rapid Ascension: BHEL experienced a swift climb, catching the market’s attention.
Reversal Indicators: A reversal candle pattern has emerged, suggesting a potential shift in the stock’s trajectory.
Chart Insights: Check out the chart for my marked levels around 220 to 230 – potential key zones.
Derivative Play: Derivative traders, consider exploring ITM PE options based on your research.
Due Diligence: Always a reminder to conduct your research before making any trading decisions.
Stay Informed: Let’s stay informed and navigate these market movements together. Your insights are valuable!
See you in the next post, traders!
Best regards,
Alpha Trading Station
Short
GUJARAT GAS LTD - Reversal possible with good R:RGUJARAT GAS LTD - Reversal possible with good R:R - Early entry - with minimum risk
:- Oil & Gas index has given good breakout on 1-M and 1-W candle.
Long
SURYAROSNI Trade set up1. Set up: Double bottom
2. Price trading at 75% discount (pullback)
3. RR 1:5+
Long
JMFINANCIL - Weekly chart, Wedge Pattern, Huge potentialThe analysis is done on Weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
NOTE - Usually Price Shows reversal with help of certain setups - Inverted H&S, Cup & Handle, Wedge pattern & Ascending Triangle Pattern.
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 with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis
Long
Kopran Trade set up1. Trend - bullish
2. Stop loss hunt before upside move
3. Good strength in the candle if close at day's high
Long