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MotilalOFS Bullish Flag Breakout - Potential for Further Upside MotilalOFS appears to be forming a bullish flag pattern on the chart, indicating a potential continuation of its upward momentum. The stock has shown strength by maintaining levels above 2120, suggesting bullish sentiment in the market. Key Points: Bullish Flag Formation: MotilalOFS is displaying a classic bullish flag pattern, characterized by a sharp upward move (flagpole) followed by a consolidation phase (flag) in the form of a downward sloping channel. Sustaining Above 2120: The stock has managed to sustain levels above 2120, which acts as a critical support-turned-resistance level. This indicates strong buying interest and a potential shift in sentiment towards the bullish side. Potential Breakout: A sustained move above the upper boundary of the flag pattern, accompanied by increasing volume, could trigger a breakout, signaling the resumption of the prior uptrend. Target Levels: If the breakout occurs, the next resistance levels to watch for are at . Traders may consider setting their profit targets accordingly. Risk Management: As with any trading setup, it's essential to implement proper risk management techniques. Consider placing stop-loss orders below key support levels to protect against adverse price movements. Confirmation: Traders should wait for confirmation of the breakout before initiating any trades. This could include a strong close above the flag pattern or a surge in volume confirming the upward momentum. Disclaimer: This is not financial advice. Trading involves risk, and individuals should conduct their own research or consult with a financial advisor before making any investment decisions. Keep an eye on MotilalOFS as it approaches the potential breakout point, as it may present an opportunity for traders to capitalize on the anticipated bullish move.
NSE:MOTILALOFSLong
by CyborgTradingHub
DLF Long Trade Idea🔔 BUY Signal Alert! 🔔 🔗 Ticker: DLF 🌐 Market: India Equities 🔄 Side: Long ⏱️ Type: Swing Trade 🎯 Entry: 921,95 🛑 Stop Loss: 883,4 🥇 First Profit Target: 967,4 🏆 Final Profit Target: 1011,4 The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals. The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
NSE:DLFLong
by Chamleo
Devyani analysis Buy activated Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India. If we look at the chart: The stock has broken out to upside. and expected to move higher high. Reasons: It has broken Falling wedge pattern to upside. (Bullish) It has been consolidating for 8 months and now ready to move to upside. (Bullish) RSI crossing 60 to upside means bulls are in the control of the market. (Bullish) Price > EMA(13) and Price < EMA(200), good point to enter to bull side right now. (Bullish) Verdict : Strong BUY Plan of action: BUY: 165 Target: 190 Stoploss: 158
NSE:DEVYANILong
by finnova_
2
NAVINFLUOR Long Trade Idea🔔 BUY Signal Alert! 🔔 🔗 Ticker: NAVINFLUOR 🌐 Market: India Equities 🔄 Side: Long ⏱️ Type: Swing Trade 🎯 Entry: 3170 🛑 Stop Loss: 3122.4 🥇 First Profit Target: 3221.6 🏆 Final Profit Target: 3289.4 The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals. The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
NSE:NAVINFLUORLong
by Chamleo
1
LICI with upside momentum🔔 BUY Signal Alert! 🔔 🔗 Ticker: LICI 🌐 Market: India Equities 🔄 Side: Long ⏱️ Type: Swing Trade 🎯 Entry: 1003.8 🛑 Stop Loss: 973.4 🥇 First Profit Target: 1047.8 🏆 Final Profit Target: 1092.6 The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals. The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
NSE:LICILong
by Chamleo
SKFINDIA to continue rising🔔 BUY Signal Alert! 🔔 🔗 Ticker: SKFINDIA 🌐 Market: India Equities 🔄 Side: Long ⏱️ Type: Swing Trade 🎯 Entry: 4518.85 🛑 Stop Loss: 4447.2 🥇 First Profit Target: 4592.4 🏆 Final Profit Target: 4687.8 The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals. The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
NSE:SKFINDIALong
by Chamleo
KPITTECH Long Trade Idea🔔 BUY Signal Alert! 🔔 🔗 Ticker: KPITTECH 🌐 Market: India Equities 🔄 Side: Long ⏱️ Type: Swing Trade 🎯 Entry: 1511 🛑 Stop Loss: 1472.4 🥇 First Profit Target: 1563.4 🏆 Final Profit Target: 1598.6 The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals. The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
NSE:KPITTECHLong
by Chamleo
Avanti Feeds LtdThe company is the largest producer of shrimp feed in India with a market share of 45% in the domestic feed business & best technical support to the farmer and caters to the quality standards of global shrimp customers. Shrimp Feed Business (78% of revenues) Inverse Head & Shoulders:- Inverse Head & Shoulders Recovery pattern is marked in yellow along with Target 670 (its also a resistance). 200 EMA on Weekly & Monthly Chart:- Price is below 200 Weekly EMA (White Line). Price is below 200 Monthly EMA (Yellow Line). Both these Weekly and Monthly 200 EMA are approx at 450 level (which is a Strong Buy level). Fundamentals:- CMP is more than Book Value, Graham Number & Intrinsic Value. Stock PE is Less than Industry PE. Dividend giving stock. ROCE & ROE Good. Promoters holding is Good & No promoters are pledged. Debt is too Less as compare to its reserves, almost a Debt free company. Piotroski Score is 8 (Good). Technical:- Demand Zones are marked as Green shaded horizontal area. Resistances are marked as red horizontal lines. Stoploss is marked as orange horizontal line. Trendline Resistance is Marked & Pink Circles indicate Reversal points from where price fell. Inverse Head & Shoulders Recovery pattern is seen. Price is expected to bounce from Demand Zone 1 or Demand Zone 2. Good Volume is visible along with price accumulating within a zone. RSI about to take Support at trendline Support which is also at RSI 50 level - which may act as Up Reversal level. First Entry:- Buy 490 - 450 Stoploss 400 Tgt 670 - 840 - 975 Second Entry:- Buy 340 - 310 Stoploss 280 Tgt 450 - 560 - 670 - 840 - 975 This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Editors' picks
NSE:AVANTIFEEDLong
by MasterTrader1949X
13
LUPIN STOCK ANALYSISThe chart is self-explanatory and shared for educational purposes. 1. Moving Averages (MA): LUPIN stock is trading above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend. 2. Trendline Support: The stock has strong trendline support, line 1 provided too slow as the uptrend accelerated. In this scenario, a second line is steeper tracking a rising trend with high volume. suggesting that there is a well-defined upward trend in place. 3. High-Volume Breakout with Retracement: A high-volume breakout can be a positive sign, indicating that there might be strong buying interest and potential for further upward movement. 4. Trade with Stop Loss: This is a risk management strategy. Placing a stop-loss order helps limit potential losses if the trade goes against expectations. 5. Short-Term Investment Expectation: The suggestion is for a short-term investment with an expected return of 10-20% within 3 months. It's important to note that while technical analysis can provide valuable insights, it doesn't guarantee future outcomes. Market conditions, news events, and other factors can influence stock prices.
NSE:LUPINLong
by NK-PK
NHPC STOCK ANALYSISThe chart is self-explanatory and shared for educational purposes. 1. Moving Averages (MA): NHPC stock is trading above the 50, 150, and 200-day moving averages. This is often considered a bullish signal, indicating that the stock is in an uptrend. 2. Trendline Support: The stock has strong trendline support, suggesting that there is a well-defined upward trend in place. 3. High-Volume Breakout with Retracement: A high-volume breakout followed by retracement can be a positive sign, indicating that there might be strong buying interest and potential for further upward movement. 4. Trade with Stop Loss: This is a risk management strategy. Placing a stop-loss order helps limit potential losses if the trade goes against expectations. 5. Short-Term Investment Expectation: The suggestion is for a short-term investment with an expected return of 10-20% within 3 months. It's important to note that while technical analysis can provide valuable insights, it doesn't guarantee future outcomes. Market conditions, news events, and other factors can influence stock prices. If you're considering acting on this information, make sure to conduct thorough research, consider the broader market conditions, and be aware of potential risks.
NSE:NHPCLong
by NK-PK
sailthere is a potential strong support level around ₹92.36. This level has been tested and held multiple times in the past year, most recently in December 2023. There is also a significant increase in volume at this level, which suggests strong buying pressure. Additionally, the 50-week moving average is also located around this level, which can further act as support. It is important to note that no support level is foolproof, and the price of SAIL could still break below ₹92.36. However, this level does seem to have some technical and fundamental support behind it, making it a potential area to watch for buyers to step in.
NSE:SAILLong
by anikeshdey7