jubilant inglooking good for upside
SCRIP NAME : JUBILINGREA
COMPANY NAME: JUBILANT INGREVIA LTD
LOOKING GOOD 625-640
target 800
Search in ideas for "ing"
SBIN Trend AnalysisSBIN fell 1.36% percent today and while it might seem bearish, it is just a mere sign of Correction.
After breaking its long-term resistance and forming a new 52W high, SBIN corrected to levels of 523. Despite many firms up-ing their target on SBIN to 750 levels, I remain bullish on SBIN and think it will correct to 515 levels and in the case of a Bearish market, up to 500 levels.
Please consult your financial advisor before making any decisions.
JKPAPER BreakoutJKPaper is looking to Breakout after recent consolidation period. It is seen making a strong bullish candle right on the lower median line of the pitchfork
1. price is above long term moving average of 200SMA ✔
2. Price is above short term moving average of 50 SMA✔
3. Uptick in RSI ✔
4. bullish MACD signal✔
5. above average volume✔
T1:285 T2:330 SL 215
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
KAJARIACEM, good risk/reward opportunityBouncing off the lower median line of pitchfork on good volume.
Target: central median line or red dash line
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
Graphite, buying pressure around lower median lineGraphite made a strong bullish engulfing candle on good volume after consolidating for last few days around the lower median line of the pitchfork.
1. price is above long term moving average of 200SMA ✔
2. Price is not above short term moving average of 50 SMA ❌
3. Uptick in RSI ✔
4. bullish MACD signal✔
5. above average volume✔
Target is the central median line. Price penetrating and closing below the lower median line of the pitchfork on consecutive days will mean the idea has failed.
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
MAHINDCIE, A morning star appearedif you club the price action of the two recent candles (22nd and 23rd) as one single candle i think we have a valid morning star.
1. price is above long term moving averages of 150 and 200 SMA ✔
2. Price is not above short term moving average of 50 SMA ❌
3. Uptick in RSI ✔
4. MACD Ok ✔
5. price breaking out from triangle pattern ABC ✔
6. above average volumes ❌
It looks like a good risk-reward trade. More conservative approach maybe to see better volumes.
Price penetrating and closing below the lower parallel line of the pitchfork will mean the idea has failed.
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
FSL, confluence of multiple lines points to continued rally1. Bouncing off the lower median line of higher TF pitchfork and daily TF pitchfork
2. Break out and last kiss from down sloping trendline
3. higher than avg volumes
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
DJI, Bullish reversal signalsOn Oct1, $DJI made a bullish candle on good volume right on the lower median line(support line) of pitchfork. Also a number of indicators are showing bullish divergence. All this points to a bullish reversal.
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
Gail, beautifully in sync a thing which struck me about this scrip was how beautifully in sync the higher and lower timeframe pitchforks are. Moving as one.
The scrip formed a bullish harami/doji right on the lower parallel line with a long lower tail. So the recent correction maybe over?
Next couple of days should be interesting.Will keep an eye 👀
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
ITC... Will the Dead Rise....?One of the most "Memed" Stock...
Seems to be holding above Green line (Bullish Point).
Channels and Trading levels marked...
Happy ITC-ing ....
Like... Share... Follow...
SilverSilver chart looks more interest ing then gold at the moment.
Silver have given a breakout on monthly charts and is now consolidating after the retest.
Bharti on "CUsP" of Breakout. Correct "HANDLE"ing KEEP WATCHBharti Airtel,
After long period of downtrend and reversal confirmation is now poised for further upmove.
As you can see from chart, Cup and Handle formation is on the edge of completion (NOT YET COMPLETE). Will complete if it closes above 500 in next 2-3 days.
RSI > 60, shows strength to move now
MACD Line cross over Signal Line.
Spurt in Volume last week.
Fibonacci 60% Resistance@500, which is exactly is the Handle Point.
Watch out if this closes above 500, be ready for TGT of 550 - 600. SL - 444 on closing basis.
Summary:
4 Bullish indicators (RSI, MACD, Volume and Trend)
2 Resistance Indicators (FIB 60% & Handle breakout@500 pending). Watchout for closure above 500. Keep a close watch
PS
1. This idea is for education purpose and back testing only. Consult your advisor before any calls or position
2. Traders with risky appetite can take 10% position before the market lead
Adani Port Long . #NSE #BSE #NIFTY50 #StockMarketAfter Taking good support at 365 . Adani Port is nicely mov NSE:ADANIPORTS ing up .
Kotak Bank - On the verge of breaking trendline supportFriday's selloff in Kotak Mahindra Bank due to ING's stake sale has taken it back to its supporting trendline.
Seems that it has already broken the trendline slightly, but will look for confirmation to sell it for targets of 1210 and 1170.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
LT Neckline BreakoutLT has been respecting the support line for few weeks. After a sharp leg up, its been FLAG-ing for long, moving in a range, testing the neckline few too many times.
Blue Dart Express-ing “GST”Targets : 4850-5120 Buy Range : Above 4500 Stoploss : Below 4090 Duration : 4-5 weeks
The most important observation in the share price of Blue Dart Express is that the stock has formed a bullish “Double Bottom” as the lows of May 2017 and June 2017 are almost identical at around Rs 4165 signalling a reversal of the corrective trend prevailing since March 2017 at high of Rs 5300.
The stock has recently registered a resolute breakout above the short-term falling trend line resistance joining immediate highs of March 2017 (Rs 5290) and June 2017 (Rs 4500) currently placed at Rs 4325 levels which will act as major support for short term.
Current price action scenario is similar as of previous “Double bottom” formation during the period of (December 2016 to February 2017), Hence we expect a identical move for the stock prices going further.
During the recent up move, the stock has also moved above its 50-Days SMA, which has acted as a strong resistance during the corrective decline. During the last four week’s consolidation the stock is seen taking support at or near the horizontal trendline (pink line) joining from Rs 4170 (December 2016), Rs 4160.65 (February 2017) and the recent two bottoms respectively.
Daily 14 period RSI is trading above the key upper levels of 60 also given a breakout of its own trendline. On its sustaining above 60 levels could mean strengthening of upside momentum in the stock price ahead. ADX plus DI has crossed above minus DI in last trading session, MACD has given a positive signal.
Moreover, the stock is currently placed near the major support area. It is likely to resolve higher from hereon and head towards Rs 4835-4850 (minimum projected targets of above said pattern), over the coming weeks and break of which prices may accelerate towards Rs 5100-5150, Hence advise to Buy at CMP and also adopt buy on dips strategy (price range Rs 4475-4500), maintaining a Stop just below levels of Rs 4090 on closing basis below which our bullish view will be voided.
TITAN FlagTITAN is moving in the range after a breakout from a lifeteime wedge < see the weekly chart in Related ideas at the bottom and HIT PLAY >
After a huge move up < in a single 15 min candle> its flag-ing up, before it decides its next leg.
If it breaks down, it can test the purple wedgeline, and bounce back frmo there. of it can just go up up up the flag.
Bharti Airtel viewTelecom sector has been a rough road...
- a flurry of new entrants increasing competition keeping prices in control
- sudden change in spectrum allocation policy increasing the cost multi-fold
- a new big giant entrant with different pricing model and luring many away from existing players
- impacting revenues negatively per user
- Some are done and dusted...
- Some on the verge of dying...
But this is the chart of long time industry leader...
and has been able to withstand the rough weather
- Yo yo ing in 100 point range
- doing well so far in managing Change...
So has the dust settled or pain will increase as time goes by...
Difficult for me to say or try to justify
The chart is saying short me if you can...
I'm near the channel resistance line...
330-340 is the target zone boss
But if it goes & sustains above 385 consider it Stop Loss
This is not an intra-day but a positional view
Do your trading style review
Understand the risk:reward potential
& Plan your trade accordingly
Take care & safe trading...!!!
Inox - Wind(ing) downInox wind has shown a classic descending triangle pattern. The stock has also been performing poorly vs. BSE 500. Despite the recently concluded bull run, the stock did not get any traction. The accum/Dist chart also confirms overall weakness. The stock may be on the way to its life time lows.
