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CAPLIPOINT LONG 1530-1545, CUP AND HANDLEBullish Indicators: Ascending triangle pattern. Trading above key moving averages (20-day, 50-day, and 200-day). Potential cup and handle formation. RSI is bullish but not overbought. Volume spikes on upward movements. target 1: 1596 target 2: 1800+ Note: I am not SEBI registered or TA expert. just learning the TA and sharing my views and you should consider doing research on your own before making any investment decisions. Finished Trades (1/1) JUBLINGREA - Target hit in 4 sessions (check out it in ideas section)
NSE:CAPLIPOINTLong
by Pattern_Ninja
Lux Industries Ltd (LUXIND) - Potential Double Bottom BreakoutWeekly Chart Analysis Lux Industries Ltd is showing a promising double bottom breakout on the weekly chart. With the confirmation of the pattern and strong bullish momentum, the stock has the potential to reach the mentioned targets. However, it's essential to monitor the RSI and use proper risk management techniques to safeguard against any unexpected market movements. Pattern Formation: Double Bottom: A classic bullish reversal pattern identified with the two equal lows marked as "Double Bottom." This pattern suggests that the downtrend is potentially reversing. Neckline: The resistance level of the double bottom pattern, identified at around 1,733.25. A breakout above this level confirms the pattern. Breakout Confirmation: The stock has successfully broken above the neckline with a significant bullish candle, indicating a potential trend reversal from the previous downtrend. Targets (T1, T2, T3, T4): T1: 2,644.50 T2: 3,929.30 T3: 4,326.80 T4: 4,648.10 Indicators: EMA 10: The stock price is trading above the 10-week EMA (1,731.02), which is a positive sign. RSI 14: The RSI is at 77.18, indicating strong bullish momentum but approaching overbought levels. Risk Management: Stop Loss: Placed below the neckline at around 1,399.25, to protect against false breakouts.
NSE:LUXINDLong
by mdsham1993
Decoding, Helium (HNT) Chart On Daily chart! On the daily chart, the HNt has shown bullish bias by forming consistent green candles for several days. Around the first quarter of 2024, the price reached a more than 700% gain, which built a peak of $11.160 by Feb 15th, 2024, from $1.429 major support. Due to instability, after the mid-feb, HNT witnessed consistent profit booking for nearly 146 days, which led to a falling wedge formation. Where the price broke out from the broader bullish sentiment this July month. This breakout led to a robust increase in the price in some days span on the daily chart. Indicators: EMA bands have been breached (50-day & 200--Day), MACD histogram on the surge at 0.199. RSI has met over-bought conditions, which might be a concern (DYOR). The support levels for the HNT token price are $3.0 and $4.25 followed by the resistances of $6.90 and $8.0, respectively.
COINBASE:HNTUSDLong
by Sam_TCR
Alpa Cup and Handle Pattern - Bullish### Chart Patterns: 1. **Cup and Handle Pattern**: - **Cup**: The price action from mid-2021 to mid-2023 resembles a cup formation, with a rounded bottom indicating accumulation. - **Handle**: Following the cup, the recent price action seems to form a handle, typically characterized by a downward consolidation. 2. **Descending Triangle**: - There is a descending triangle visible within the handle part of the cup and handle pattern. This is typically a bearish continuation pattern, but in this context, it could be part of the handle formation. ### Volume Profile: - The volume profile on the right shows the price levels where the most volume has been traded. - There is a significant volume build-up around the 70-85 level, suggesting a strong support zone. ### Support and Resistance Levels: - **Support**: Around 65-70 (based on volume profile and historical price action). - **Resistance**: Around 93-95, which coincides with the upper boundary of the descending triangle and the previous highs. ### Indicators: - **RSI (14)**: The RSI is around 51.48, which is neutral. It indicates that the stock is neither overbought nor oversold. The RSI is also showing a slight uptick, suggesting a potential bullish momentum. ### Key Observations: - The breakout above the descending triangle's upper boundary (~93-95) with strong volume could signal a bullish move. - The cup and handle pattern generally signals a continuation of the previous uptrend if the price breaks above the handle with strong volume. - The volume has been increasing, indicating growing interest in the stock. ### Potential Scenarios: 1. **Bullish Scenario**: - A breakout above the 93-95 resistance level with strong volume could lead to a significant upward move, confirming the cup and handle pattern. - Targets could be around the 110-120 range, aligning with the height of the cup added to the breakout point. 2. **Bearish Scenario**: - If the price fails to break out and falls below the support zone around 65-70, it might indicate a further downside. - In such a case, the next support levels would be around 50-55. ### Strategy: - **Entry**: Consider entering a long position on a confirmed breakout above 93-95 with strong volume. - **Stop Loss**: Place a stop loss below the handle's low, around 70, to manage risk. - **Target**: Aim for the 110-120 range based on the cup and handle pattern projection. This analysis combines technical patterns, volume profile, and RSI to provide a comprehensive view. Always consider other fundamental and market factors before making a trade decision.
NSE:ALPA
by brijmohan_h
Global Offshore Services Ltd going strong.Technical and Fundamental Anaylysis for Global Offshore Services Ltd. If you like the analysis, please do not hesitate to give boost to the stock idea. ### Price Action Analysis 1. **Head and Shoulders Pattern:** - **Left Shoulder:** Formed around mid-2022. - **Head:** Formed around early 2023. - **Right Shoulder:** Currently forming around mid-2023 to 2024. - This is a typical reversal pattern indicating a potential change in the trend from bearish to bullish. 2. **Ascending Channel:** - The price is moving within an ascending channel, suggesting a gradual increase in price. - The upper and lower boundaries of the channel are acting as resistance and support levels, respectively. 3. **Cup and Handle Pattern:** - A large cup and handle pattern appears to be forming over several years, with the bottom of the cup around 2020 and the handle forming currently. - This is another bullish pattern that can indicate a continuation of the uptrend once the pattern is completed. ### Volume Analysis - **Increasing Volume:** The recent candles show increasing volume, especially around the right shoulder formation, which is a positive sign. This suggests strong buying interest and supports the bullish patterns identified. ### Summary - **Bullish Indicators:** - The head and shoulders bottom pattern, cup and handle pattern, and ascending channel all suggest a bullish outlook for Global Offshore Services Ltd. - Increasing volume and a rising RSI further support the bullish case. - **Key Levels to Watch:** - **Resistance:** The upper boundary of the ascending channel and the neckline of the head and shoulders pattern. - **Support:** The lower boundary of the ascending channel and the recent low of the right shoulder. - **Actionable Insight:** - If the price breaks above the neckline of the head and shoulders pattern with strong volume, it could be a signal to buy. - Conversely, if the price falls below the support levels with increasing volume, it might indicate a potential bearish reversal. Fundamentals from Screener.in Global Offshore Services Ltd. has had a turbulent financial history, with several key metrics providing insights into its performance over the past decade. ### Financial Performance and Ratios 1. **Revenue and Profit Growth**: - The company has experienced negative compounded sales growth over the past 10 years, with a significant decline observed in the last 5 years and 3 years as well - However, there has been a notable improvement in profit growth, particularly in the recent term, with a 70% increase in TTM (Trailing Twelve Months) profit growth 2. **Earnings and Net Profit**: - Despite past losses, Global Offshore Services reported a turnaround with a net profit of ₹38 crores in the most recent fiscal year, a significant recovery from previous years of losses. - The company's EPS (Earnings Per Share) also improved, although it still reflects the volatility experienced in past years. 3. **Debt and Liabilities**: - The company has significantly reduced its borrowings from ₹1,155 crores in 2019 to ₹37 crores in 2024, which indicates a strategic focus on debt reduction. - Total liabilities have also decreased, showing a more manageable financial structure. 4. **Cash Flows**: - Operating cash flow remains positive, indicating that the company's core operations are generating cash, albeit at lower levels compared to earlier years. - Cash from financing activities reflects the company's efforts to repay debt, resulting in negative cash flow from financing. ### Market Performance - The current share price of Global Offshore Services Ltd. is ₹65.21, with a PE ratio of 4.35. - The stock has shown significant gains over the past year, with a 1-year return of 60.86%. - The market capitalization of the company stands at ₹156.02 crores. ### Conclusion Global Offshore Services Ltd. appears to be in a recovery phase, with improved profitability and a stronger balance sheet due to reduced debt. The market has responded positively to these improvements, as reflected in the significant stock price gains. However, investors should remain cautious due to the historical volatility and ongoing challenges in revenue growth.
BSE:GLOBOFFSLong
by brijmohan_h
KPITTECH GOOD FOR SWING TRADEStock Analysis: KIOCL LTD Date: June 26, 2024 Observation: KIOCL LTD is showing strong resistance around the 475 INR level, as indicated by the black horizontal trendline. The stock has been consolidating just below this resistance level. A breakout above this level could indicate a bullish continuation. Technical Indicators: Price Action: The stock closed at 458.65 INR, showing a negative movement of -3.12% for the day. Volume: Increasing volume indicates growing buying interest as the price approaches resistance. Moving Average: The blue line represents the 50-day moving average, providing support and confirming the upward trend. Potential Scenarios: Bullish Breakout: If the stock breaks above the resistance level with strong volume, it could indicate a bullish trend continuation. Rejection at Resistance: If the stock fails to break through the resistance, it may pull back to support levels around 425 INR. Trading Plan: Entry: Consider entering a long position above 475 INR with confirmation of increased volume. Stop-Loss: Set a stop-loss below the recent low at 450 INR to manage risk. Target: Initial target can be set at 500 INR, with further upside potential if the breakout is strong. Hashtags: #StockMarket #TradingView #TechnicalAnalysis #KIOCL #SwingTrading #BreakoutTrading Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Trading in financial markets involves risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any trades.
NSE:KPITTECHLong
by VISHALSWINGTRADE
RAJSREESUG GOOD FOR SWING TRADEStock Analysis: RAJSHREE SUG & CHEM Date: June 26, 2024 Observation: RAJSHREE SUG & CHEM is showing strong resistance around the 85 INR level, as indicated by the black horizontal trendline. The stock has been consolidating just below this resistance level. A breakout above this level could indicate a bullish continuation. Technical Indicators: Price Action: The stock closed at 81.09 INR, showing a slight movement of -0.02% for the day. Volume: Increasing volume indicates growing buying interest as the price approaches resistance. Moving Average: The blue line represents the 50-day moving average, providing support and confirming the upward trend. Potential Scenarios: Bullish Breakout: If the stock breaks above the resistance level with strong volume, it could indicate a bullish trend continuation. Rejection at Resistance: If the stock fails to break through the resistance, it may pull back to support levels around 75 INR. Trading Plan: Entry: Consider entering a long position above 85 INR with confirmation of increased volume. Stop-Loss: Set a stop-loss below the recent low at 79 INR to manage risk. Target: Initial target can be set at 90 INR, with further upside potential if the breakout is strong. Hashtags: #StockMarket #TradingView #TechnicalAnalysis #RajshreeSugChem #SwingTrading #BreakoutTrading Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Trading in financial markets involves risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any trades.
NSE:RAJSREESUGLong
by VISHALSWINGTRADE
RAJSREESUG GOOD FOR SWING TRADEStock Analysis: RAJSHREE SUG & CHEM Date: June 26, 2024 Observation: RAJSHREE SUG & CHEM is showing strong resistance around the 85 INR level, as indicated by the black horizontal trendline. The stock has been consolidating just below this resistance level. A breakout above this level could indicate a bullish continuation. Technical Indicators: Price Action: The stock closed at 81.09 INR, showing a slight movement of -0.02% for the day. Volume: Increasing volume indicates growing buying interest as the price approaches resistance. Moving Average: The blue line represents the 50-day moving average, providing support and confirming the upward trend. Potential Scenarios: Bullish Breakout: If the stock breaks above the resistance level with strong volume, it could indicate a bullish trend continuation. Rejection at Resistance: If the stock fails to break through the resistance, it may pull back to support levels around 75 INR. Trading Plan: Entry: Consider entering a long position above 85 INR with confirmation of increased volume. Stop-Loss: Set a stop-loss below the recent low at 79 INR to manage risk. Target: Initial target can be set at 90 INR, with further upside potential if the breakout is strong. Hashtags: #StockMarket #TradingView #TechnicalAnalysis #RajshreeSugChem #SwingTrading #BreakoutTrading Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Trading in financial markets involves risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any trades.
NSE:RAJSREESUGLong
by VISHALSWINGTRADE
NCC GOOD FOR SWING TRADEStock Analysis: NCC LTD Date: June 26, 2024 Observation: NCC LTD is showing strong resistance around the 336 INR level, as indicated by the black horizontal trendline. The stock has been consolidating just below this resistance level. A breakout above this level could indicate a bullish continuation. Technical Indicators: Price Action: The stock closed at 329.10 INR, showing a positive movement of +1.61% for the day. Volume: Increasing volume indicates growing buying interest as the price approaches resistance. Moving Average: The blue line represents the 50-day moving average, providing support and confirming the upward trend. Potential Scenarios: Bullish Breakout: If the stock breaks above the resistance level with strong volume, it could indicate a bullish trend continuation. Rejection at Resistance: If the stock fails to break through the resistance, it may pull back to support levels around 290 INR. Trading Plan: Entry: Consider entering a long position above 336 INR with confirmation of increased volume. Stop-Loss: Set a stop-loss below the recent low at 315 INR to manage risk. Target: Initial target can be set at 350 INR, with further upside potential if the breakout is strong. Hashtags: #StockMarket #TradingView #TechnicalAnalysis #NCC #SwingTrading #BreakoutTrading Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Trading in financial markets involves risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any trades.
NSE:NCCLong
by VISHALSWINGTRADE
NCC GOOD FOR SWING TRADEStock Analysis: NCC LTD Date: June 26, 2024 Observation: NCC LTD is showing strong resistance around the 336 INR level, as indicated by the black horizontal trendline. The stock has been consolidating just below this resistance level. A breakout above this level could indicate a bullish continuation. Technical Indicators: Price Action: The stock closed at 329.10 INR, showing a positive movement of +1.61% for the day. Volume: Increasing volume indicates growing buying interest as the price approaches resistance. Moving Average: The blue line represents the 50-day moving average, providing support and confirming the upward trend. Potential Scenarios: Bullish Breakout: If the stock breaks above the resistance level with strong volume, it could indicate a bullish trend continuation. Rejection at Resistance: If the stock fails to break through the resistance, it may pull back to support levels around 290 INR. Trading Plan: Entry: Consider entering a long position above 336 INR with confirmation of increased volume. Stop-Loss: Set a stop-loss below the recent low at 315 INR to manage risk. Target: Initial target can be set at 350 INR, with further upside potential if the breakout is strong. Hashtags: #StockMarket #TradingView #TechnicalAnalysis #NCC #SwingTrading #BreakoutTrading Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Trading in financial markets involves risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any trades.
NSE:NCCLong
by VISHALSWINGTRADE
DATA PATTNS GOOD FOR SWING TRADEStock Analysis: DATA PATTERNS INDIA LTD Date: June 26, 2024 Observation: DATA PATTERNS INDIA LTD is approaching a key resistance level around 3,045-3,050 INR, as indicated by the black horizontal trendline. The stock is currently forming a consolidation pattern just below this resistance. A breakout above this resistance could indicate a bullish trend continuation. Technical Indicators: Price Action: The stock closed at 2,983.85 INR, showing a slight positive movement of +0.41% for the day. Volume: Moderate volume suggests cautious buying interest as the price nears resistance. Moving Average: The blue line represents the 50-day moving average, providing support and confirming the upward trend. Potential Scenarios: Bullish Breakout: If the stock breaks above the resistance level with strong volume, it could indicate a bullish trend continuation. Rejection at Resistance: If the stock fails to break through the resistance, it may pull back to support levels around 2,800-2,850 INR. Trading Plan: Entry: Consider entering a long position above 3,050 INR with confirmation of increased volume. Stop-Loss: Set a stop-loss below the recent low at 2,920 INR to manage risk. Target: Initial target can be set at 3,200 INR, with further upside potential if the breakout is strong. Hashtags: #StockMarket #TradingView #TechnicalAnalysis #DataPatternsIndia #SwingTrading #BreakoutTrading
NSE:DATAPATTNSLong
by VISHALSWINGTRADE
IFCI Stock Analysis: IFCI LTD Date: June 26, 2024 Observation: IFCI LTD is showing a strong resistance around the 67-68 INR level, as indicated by the black horizontal trendline. The stock has made multiple attempts to break through this resistance level but has failed so far. Recent price action indicates a potential breakout above this resistance. Technical Indicators: Price Action: The stock closed at 62.85 INR, showing a positive movement of +1.39% for the day. Volume: Increasing volume indicates buying interest as the price approaches resistance. Moving Average: The blue line represents the 50-day moving average, providing support and confirming the upward trend. Potential Scenarios: Bullish Breakout: If the stock breaks above the resistance level with strong volume, it could indicate a bullish trend continuation. Rejection at Resistance: If the stock fails to break through the resistance, it may pull back to support levels around 56-58 INR. Trading Plan: Entry: Consider entering a long position above 68 INR with confirmation of increased volume. Stop-Loss: Set a stop-loss below the recent low at 60 INR to manage risk. Target: Initial target can be set at 75 INR, with further upside potential if the breakout is strong. Hashtags: #StockMarket #TradingView #TechnicalAnalysis #IFCI #SwingTrading #BreakoutTrading
NSE:IFCILong
by VISHALSWINGTRADE
NIFTY: Key Support and Resistance Levels with Uptrend AnalysisKey Levels Current Price: 23,270.05 Immediate Resistance: 23,287.65 - 23,301.65: Recent high levels. Support Levels: 23,140 (VWAP): Volume-Weighted Average Price, which can act as dynamic support. 23,043.95 - 23,132.15: First significant support zone. 22,804.35 - 22,849.05: Next strong support zone. Trend Analysis Uptrend: The price is in a clear uptrend, moving above previous highs and maintaining higher lows. Indicators: RSI (68.12): Near overbought territory, suggesting caution for potential pullbacks. Volume: High volume at the 23,140 level indicates strong support at this point. Potential Outcomes Bullish Scenario: If the price breaks and sustains above the 23,287.65 - 23,301.65 resistance zone, it may target new highs above 23,400. Bearish Scenario: If the price fails to sustain above the current levels and drops below 23,140 (VWAP), it could test the support at 23,043.95 - 23,132.15. Further decline below 23,043.95 could see the price moving towards the 22,804.35 - 22,849.05 support zone. Summary Immediate Resistance: 23,287.65 - 23,301.65 Immediate Support: 23,140 (VWAP) Next Support Levels: 23,043.95 - 23,132.15, 22,804.35 - 22,849.05 The chart shows a strong uptrend, but the RSI indicates it is near overbought levels, suggesting potential for a pullback. Watching the support levels for potential buying opportunities and the resistance levels for profit-taking or short-selling opportunities would be prudent.
NSE:NIFTY
by Optionsticker
7th JUNE GOLD ANALYSISTo analyze the potential movement in gold prices based on the anticipation of nonfarm payroll news, and with specific target prices and stop-loss settings as you've described, we'll look into several factors: Nonfarm Payroll (NFP) News Impact: The nonfarm payroll report is a key economic indicator that represents the total number of paid U.S. workers excluding farm employees, government employees, private household employees, and employees of nonprofit organizations. Significant deviations from expectations in this report can cause substantial volatility in the financial markets, including gold. Gold's Response to Economic Indicators: Typically, gold is considered a safe-haven asset. In times of economic uncertainty or when the data is worse than expected, investors might flock to gold, driving up its price. Conversely, if the economic outlook is strong, gold prices can decrease as investors turn to riskier assets. Technical Analysis: You mentioned specific price targets for gold: Entry Zone: 2394-2398 Stop-Loss (SL): 5 prices above the entry Risk-Reward Ratio: You've set a risk-reward ratio of 1:3. This means for every unit of risk taken, the potential return is three times that risk.
OANDA:XAUUSDShort
by TradingGuruTop
2
Dmart swing trade Title: Golden Opportunity at DMART! 🌟 🛒 DMART BUYING OPPORTUNITY ALERT! 🚀 Attention savvy investors! An exciting buying opportunity has just emerged at DMART, one of India's leading retail giants. Seize the moment and potentially reap significant gains as DMART gears up for a bullish trend. 📈 Key Indicators: Strong Fundamentals: DMART has a proven track record of robust financial performance, with consistent revenue growth and profitability. Market Dominance: As a key player in the retail sector, DMART has established a strong market presence, consistently outperforming competitors. Resilience During Challenges: DMART has showcased resilience during economic downturns, demonstrating its ability to weather uncertainties and maintain stability. Expansion Plans: With plans for continued expansion and diversification, DMART is well-positioned to tap into new markets and revenue streams.
NSE:DMARTLong
by vkfincare09
Analysis of Scooters India LtdFinancial Overview Market Capitalization: ₹535 Crore Current Market Price (CMP): ₹61.41 PE Ratio: -28.74 (indicating negative earnings) Dividend Yield: 0.50% Debt to Equity Ratio: 6.44 (indicating high leverage) Technical Analysis Bollinger Bands: The stock has shown expansion in the monthly frame and gave an upward breakout from the upper Bollinger Band, indicating increased volatility and a potential upward trend. Relative Strength Index (RSI): Currently at 60.34, suggesting the stock is neither overbought nor oversold. It has recently reversed from an overbought zone. Moving Averages: A bullish crossover has been observed with the 20/50/100/200 Exponential Moving Averages (EMAs) moving together. This alignment often indicates a strong bullish momentum and suggests that the stock price may continue to rise in the near term. Investment Consideration Scooters India Ltd operates in the three-wheeler sector, which has potential growth opportunities driven by demand for affordable and efficient transportation solutions, particularly in emerging markets. Long-Term Potential: Investors and traders looking for long-term investments might consider the three-wheeler sector due to its growth prospects. Risk Factors: The high debt-to-equity ratio and negative earnings (as indicated by the negative PE ratio) are significant risks. These factors suggest financial instability, and potential investors should carefully assess the company's ability to manage its debt and return to profitability. Recommendations Investors interested in Scooters India Ltd or the three-wheeler sector should: Conduct Thorough Research: Evaluate the company's financial health, market position, and growth strategy. Consider Technical Indicators: The upward breakout from the Bollinger Band, current RSI, and the bullish crossover of moving averages indicate potential bullish trends. Assess Risk Tolerance: Given the high leverage and negative earnings, this stock may be suitable for those who can tolerate higher risk. Disclaimer The information provided here is for informational purposes only and should not be construed as financial advice. Investing in stocks involves risks, including the potential loss of principal. Past performance is not indicative of future results. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions.
SLong
by RSIBBTRADER
ABB India LtdThe chart is self-explanatory and shared for educational purposes. 1. ABB India Ltd Stock: The stock of ABB India Limited is being discussed. 2. Technical Indicators: o Moving Average: The stock is trading above its moving average. o Breakout: It has broken out from the stage 2 consolidation zone, indicating potential upward movement. 3. Risk Management: The recommendation to trade with a stop loss is essential to manage risk effectively. Remember to make informed decisions and consider risk management strategies! 📈🛑
NSE:ABB
by NK-PK
Kotak: Short term reversal (6 May onwards)On this Daily Chart, we can see that Kotak has made a recent swing low of 1546 on Friday after losing support from its 1650 level. The results were out yesterday and Kotak has announced 26% increase in profits beating the market estimates. This should potentially cause a reversal in price going forward. In the short term, price is likely to touch the 200D SMA (purple line) which also coincides with a trend line (in blue) creating an upside of about 15% from current levels. Indicators: 1. The EPS chart shows solid growth while the P/E is almost at a decadal low of 16.9 2. The RSI has bottomed out both in the Daily and Weekly 3. The price hit the lower threshold band of Fibonacci Bollinger Band (solid green line) indicating a possible bottoming out of price 4. The price is currently below both the 50D and 200D SMA, indicating short term bearish territory Risks: The current downtrend can also continue in the next week and the next visible support is at 1450 implying a downside of 6% Strategy: Given the growth drivers and a ridiculous valuation of the bank, the price is sure to make a reversal in coming days. Watch for the price action on Monday, and based on lower time frame price action, take entry. If the price comes down, towards 1450 levels, it should be used as an opportunity to build more positions instead of thinking about Stop loss and exiting. Happy Trading!
NSE:KOTAKBANKLong
by tej_s9
Bullish Breakout Potential for Radico Khaitan Above 2040Radico Khaitan has been showing signs of a strong bullish trend, and the recent price action suggests a potential breakout above the 2040 level. If the stock sustains above this channel resistance, we could witness a significant upmove. Technical Indicators: The stock is currently trading at ₹1,732.10, with a recent high of ₹1,744.401. The 52-week high stands at ₹1,885.10, indicating room for growth. Volume Analysis: A surge in trading volume could accompany the breakout, confirming the strength of the move. Price Target: Traders should look for initial targets near the 52-week high, with further upside potential if the momentum continues. Stop Loss: A stop loss can be placed below the recent swing low to protect against any false breakouts. Conclusion: Radico Khaitan’s breakout above 2040 could offer a lucrative opportunity for traders. Keep an eye on volume and price action for confirmation. Remember to adjust the figures according to the latest market data before posting. Happy trading!
NSE:RADICOLong
by CyborgTradingHub