LINDEINDIA : STOCK WITH QUICK MOVEMENT IN NEXT FEW DAYSLinde India Limited is an India-based industrial gases company. The Company operates through two segments: Gases and Related Products and Project Engineering Division (PED). Hindering Around 52 Week High, we may see a new 52 Weeks high if uptrend continues. The Entry level is 3868 , but we have to ensure that the stock retests the support @ 3867.75.
We may see stock reaching its first @ 4015.65 and second @ 4092.85 very quickly . However, resistance could be seen at the third level @ 4203.75 , and if we see break out at this level , we may certainly see a new 52 weeks High.
Lets keep a watch if the stocks makes a new support at 3867.75
Setupoftheday
Fin Cables- A Good Setup in Weak MarketHi All,
The benchmark index (NIFTY50) has become somewhat weak now or to put it better we can say that the power of bulls is now being challenged by the bears. In this phase the trader needs to become really cautious and find some really good setups where the R:R should be given highest priority.
Above is the weekly chart of one such setup. Finolex cables gave a trend reversal signal and now the stock price is aiming towards its ATH price level. It has given a good clear breakout along with volumes ( also note the volume breakout in May) while the benchmark is falling. This fact makes this setup strong.
While currently the R:R is not favorable. I would wait for a pullback towards the green line which should now act as a support and any reversal signs after testing the green line would mark my entry into this scrip with 1st target at the red line.
I would request to whomsoever watches this idea, give sometime to this setup, mark your own entry/exit strategies before executing this trade.
Remember, a failed plan is far more rewarding than a successful guess. You can comment/message, any feedback/suggestions/applause.
Like I always say, let's learn and earn together :)
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON HATSUN AGRO PRODUCT.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON JSL.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
INTELLECT DESIGN A - Potential good long 🔰 MY thought process :
⭐At a very strong support
⭐A parallel channel support
⭐A trendline long term support ( potential stock reversal point )
⭐Low-risk high reward setup
🔰Am I taking this trade now:
Already in it :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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