Indus Ind Bank : +38% Upside Potential15 Dec 2022 Indus Ind Bank
Summary :
• Stock Breakout (15 Dec 2022)
* Low Volume
• Base of 3 months
• Cup & Handle Pattern
• Potential of +8% to +38%
Conclusion:
• CMP 1270
• Long positions can be initiated
• Stop Below 1110
• Higher targets could be around
o Short Term – 1373/1440
o Mid to Long Term – 1589/1660/1720
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Setup
Grasim Industries : +9% to +30% Upside PotentialGrasim Industries : 14 Dec 2022
Summary :
• BO with Volume (28 Nov 2022)
• Base of 3 months
• Approx 1 year of Head & Shoulder Pattern
• Potential of +9% to +30%
Conslusion:
• CMP 1830
• Long positions can be initiated
• Stop Below 1775 or 1675 for longer term target
• Higher targets could be around
o Short Term – 1981/2103
o Mid to Long Term – 2221/2340
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
IDFC : +4% to +6% Upside PotentialIDFC 14 dec 2022 Swing Trade
+4% to +6% Upside Potential
Clean Breakout with good volume is seen CMP 84.75
Trade can be initiated for Target 87.50/89.50 with stop below 83.50
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
HDFC Bank : +2% Upside Potential(Swing Trade)HDFC Bank CMP 1660
Breakout & Retested the zone
Looks good for an upside potential of +2.28%
Trade can be initiated for a target of 1694 with stop 1640
Trade can be above 936 with a stop below 930 for a potential Target of 939-943-947-950
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
#HDFCBANK
Larsen & Toubro : +42.90% Upside Potential17 Nov 2022 11:34hrs Larsen & Toubro CMP 2051
Heavyweight LT, 2 months of consolidation BO with huge volume was seen in the stock in the last week of Oct 2022. Consolidation/RT of BO for 3 weeks has been witnessed.
Summary
- RT & Fresh BO from the VAH zone
- 2 Months of accumulation
- Approaching major resistance place around 2078 levels(ATH)
- Cup & Handle pattern(Awaiting BO)
Conclusion
- CMP 2052
- 3% Test position can be planned at current levels
- Higher targets could be around
o Short Term – 2110-2172-2283
o Mid to Long Term – 2604-2968
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Bank Nifty : +500 to +1000 points Upside PotentialFollowup chart
01 Dec 2022
Bank Nifty is trading above the previous ATH of 41840, 42700 is acting as a good support, which is also the zone of HL trendline.
In Play : HH:HL
Summary :
- CMP 43231
- BO with good volume(closed below BO)
- Huge VP activity seen in 42800-43245 zone
- TL support
- PC support
Conclusion :
Following what the price is showing is always a good idea in stock market, we will do the same, trade can be planned for higher targets of 43842 to 44250.
Position can be held till the price is holding the trendline in simple terms, we can see a reaction in the second target zone of 44250 which is placed +1008 points,
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Rashtriya Chem & Fert : +57% Upside PotentialRCF 23 Nov 2022
Stock BO with strong volume today from a consolidation of 2 months, we can witness a follow-through.
In Play : HH-HL
Summary
- Stock bounced from the VAH zone
- 2 months of accumulation
- Inv Head and Shoulder pattern(Confirmed BO)
- ATH is at 150.45
Conclusion
- CMP 118.40
- 3% Test position can be initiated
- Rest Qty can be planned on RT of TL
- Higher targets could be around
• Short Term – 126/148
• Long Term – 176(ATH @ 150.45) need to see price action in the ATH zone to confirm
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Ultra Tech Cement : +35% Upside Potential30 Nov 2022 UltraTech Cement
Stock BO today with volume after 1 month of sideways movement
In Play : HH-HL
Summary
- Stock faked BO on 21 Nov to the lower side
- BO with Volume
- TL BO : Confirmed
- Above POC
- Text Book Head & Shoulder Pattern
Conclusion
- CMP 7077
- Long Positions can be initiated
- 7280 level can act as strong resistance
- Higher targets could be around
• Short Term – 7280/7500
• Long Term – 8193/8911/9332
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
TWL : +25% Upside Potential28 Nov 2022 TWL
In Play : HH : HL
CMP 183
BO with good volume, after 3 months of the consolidation period, momentum is likely to continue for higher targets of 191.65-211-224, RT of TL can be used to initiate trade for the mentioned targets…
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
ITDC : +62% to 597% Upside PotentialITDC 27 Nov 2022
We witnessed a sharp rise in price which is supported by volume, exactly at the TL after a long period of consolidation.
In Play : HH-HL
Summary
• Sharp rise in Price
• Price rise supported by volume
• POC 404
• Resistance 466 (Pre SH)
• ATH at 747
Conclusion
• CMP - 404.55
• Test qty can be initiated on break of TL
• Add to the position on RT-TL
• Higher Targets could be around
o Short/Mid Term - 546-659
o Long Term – 1137-1693-2821(we will watch for supportive price action to confirm higher targets)
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
TATA STEEL --INTRADAY SETUP --28-11-2022TATA STEEL - HOURLY CHART --INTRADAY SETUP -28/11/2022
1. tata steel hourly chart seen trading at lower channel
2. last hourly candle seen breakout on lower channel at above 105 level
3.RSI seen abobe WMA and above 60 level now bullish for short term
4. one can initiate BUY on intraday at 106 for target 108-109-110 and stop loss 103 level
5. intraday support 103.75 , 105 and resistance 107.50, 110 as mention on chart
THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk..
Comments and suggetions are welcome .!!
HAPPY TRADING . !!
Apollo Hospital : +33% Upside PotentialApollo Hospital is trading in the 700 points range for the past 3 months, now the price has further narrowed down to 300 points range, Last 2 days stock has shown above-average volume and heading towards previous strong resistance TRENDLINE from which we have witnessed multiple rejections in price.
Summary :
- 3 Months price consolidation
- Price range getting narrowed
- Healthy Bullish Candles
- Inv Head&Shoulder Pattern
- VP not supporting the bullish move(POC around 4600), NEED TO CLEAR FOR THE MENTIONED TARGET BELOW
Conclusion : Any BO above 4650 Could take stock towards 5087-5597-5965-6193
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Bank Nifty : +500 to +900 Points Upside Potential14 Nov 2022 2113hrs
Bank Nifty Trading above the Previous ATH of 41840, now (14 Nov 2022, 21:00hrs) we can with a HH in price which is not supported by volume. We can clearly see a decline in volume and HH in price.
Summary :
Price and Volume – Divergence
VP – POC around 41300 level
Most Likely Bank Nifty is in an Ending Diagonal formation
Ending Diagonal - Last wave(Volume Favours)
Conclusion :
What Not to DO - Short Selling Index at this level is not at all a good idea(CMP 42072). A clean HH
What we can Expect – A rising Trendline(green bold line)from 40800 & 41200 levels, can be used as good support levels for the higher target of 42542 & 42976
Long for potential 500 to 900 points
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
ZOMATO --INTRADAY SETUP - 23/11/2022ZOMATO -- 1 HOUR CHART --SETUP -- INTRADAY --23/11/2022
1. ZOMATO 1 hour chart seen stock close at near trendline suppprot level.
2. stock above 55 hma as seen hull suit indicator when 15 min candle close above 64 level , BUY can initiate on intraday above 64 for target 65-66 stop loss 62.50
3. IF trendline support breaks bellow 62.75 , 15 min candle close bellow 62.75 for confirmation short position can initiate for target 62-61
4. wma RSI line near oversold level at hourly chart so short position should take after 15 min candle confirmation only bellow 62.75
5. pullback is expected at oversold level so Buy IS favorable the short position at better risk to reward ratio.
** THIS IDEA IS FOR EDUCATIONAL PORPOSE .. trade at own risk !!
HAPPY TRADING !!
BHEL --INTRADAY SETUP-- 21/11/2022BHEL --15 MIN CHART -- INTRADAY SETUP -- 21/11/2022
1. Trendline breakout seen on 15 min chart above 70 level
2. Triangle pattern formation and triangle breakout also seen at same level
3. Stock seen consolidate at this level after sharp rise from above 50 level to 75 level last few days fall around 70 and look like ready for upmove again
4.Triangle breakout candle seen last 15 min closing candle .
5. Trix line seen positive crossover around center line ( 0 line )
6. one can initiate intraday BUY around 70-70.75 level for intraday target 71-72-73 stop loss can place bellow support level at 68.50
** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk .!!
HAPPY TRADING . !!
JSW STEEL --INTRADAY SETUP -- 21/11/2022JSW STEEL --15 MIN CHART --INTRADAY SETUP --21/11/2022
1. JSW STEEL on 15 min chart seen double bottom support formation at 700 odd level
2. Trendline breakout seen on 15 min chart at last closing hiekin ashi candle
3. stock seen upper channel currently where support of channel form at 705 level and resistance 715 -720 level , same as take as intraday support and resistance
4. trix line shown positive crossover .
5, one can initiate buy 705-708 for intraday target 715-720 -725 stop loss bellow double bottom line at 695
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk !!
HAPPY TRADING .!!
PAYTM -- INTRADAY --SETUP--18/11/2022PAYTM -INTRADAY --15 MIN CHART --SETUP --18/11/2022
** paytm chart setup shown on intarday basis for today ..15 min chart shows BUY INITIATE above IF terndline breakout 545 for target intraday 550-555-560
** Sell bellow 525 if trendline breakdown candle 15 seen on chart for target intraday 520-515-510
** Support , resistence mention on chart
* can build long position based on setup for swing/positional trade based on 15 min chart trendline breakout level. if 15 min candle close above 545 long position
** THIS IDEA IS FOR EDUCATIONAL PURPOSE , trade at own risk !!
HAPPY TRADING. !
Navin Fluorine Int : +11% Upside Potential17 Nov 2022 Navin Fluorine Int
After a strong BO in Aug 22, the stock was in a range for 4 odd months. Now, stock shows some sign of BO from the previous LH/TL.
Summary
- Stock bounced from the VAH zone
- 4 months of accumulation
- Inv Head and Shoulder pattern(Confirmed BO)
Conclusion
- CMP 4595
- 3% Test position can be initiated
- Rest Qty can be planned on RT of TL
- Higher targets could be around
o Short Term – 4746/5055
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat