Cup & Handle BreakoutCup and Handle pattern on weekly chart has formed and Breakout with high volume has occurred above the neckline. This stock has the potential to double in no time.
Sharemarket
Vimta labs for swing trading👉🏻 Stock name: Vimta Labs
👉🏻 breakout: Reverse head & shoulder pattern
👉🏻 50 & 200 EMA breakout
👉🏻 Volume: Higher
NIFTY... ALL SET FOR A CORRECTION...21830 remains a stiff resistance for NIFTY.
After a good bull run, I expect a decent correction in our markets.
The euphoria attached to Ayodhya and the Budget is over now, and the Market has to face the next uncertainty in the form of Elections in a few months.
As per Elliot wave analysis, Nifty is likely to fall by 1400 points over the next ten days. (I'm expecting it by Feb 9, though time analysis may not be accurate).
1400 points fall correlates to 1.618 of fibonacci and also fills the gap formed in nifty around 20300 levels.
The market is always right, and it can always surprise us. So trade with caution.
NTPC to take long EntryLong NTPC above 319 for the next move of Rs 350-360 with SL of 297. The stock is in strong bullish mode & a high probability that the stock will break out of the strong resistance area. Accumulation near the resistance area is a high probability. sup [port of 50 EMA is another bullish sign along with RSI level above 60 on the weekly & monthly chart. This is for your educational purpose only.
CEAT LTD - Fresh breakout on Daily and Weekly chartsEntire tyre manufacturing companies are in good position.
This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool.
Disclaimer: Stock shared is for educational purpose and does not contains any buy or sell recommedations.
SBI BANK: Running Triangle formationStock has already concluded it's running triangle structure at Oct'23 low of 543 and currently rising in an impulsive manner after the breakout. The measured target for this structure is coming in the region of 790-800 zone.
Hence, stock is likely to hold above INR 600 on any weakness and extend it's gains towards INR 790-800 in the coming weeks.
A sustained closed below 600 will negate this structure and force us to evaluate other possibilities.
Apollo Hospital - All time high breakoutThe Stock is giving a big breakout of all time high levels of 5813 on daily and weekly chart after almost 2 years. If today the stock managed to close above 5813 the breakout will be said a successful breakout and possible level of targets would be:
1st target - 7000, 2nd target - 9171, 3rd target - 11329.
This stock shared is for educational purpose and does not include any buy or sell recommendations.
Godrej Industries LongHuge breakout after 6-years can be seen in weekly charts of Godrej Industries. Volumes near breakout is also high which is a good part. The stock is ready to move in blue sky zone where there is no prior resistances.
Disclaimer: Chart shared for educational purpose.
PVRINOX to take long entry.Long PVRINOX above @1699 for the next target of 1775 -1800 with SL of 1645.
Below are points showing strength in the stock..
1) On the daily chart BO of 50 EMA levels.
2) Consolidation Break out between 1650 to 1670
3) On daily chart 40 level RSI Support.
4) on the hourly chart RSI above 60 shows bullish in the stock.
5) A pin bar candle is also seen on the daily chart.
This is for your educational purpose only.
DIVIS LAB: H&S ContinuationFrom Mar'23 bottom of 2730 stock has rallied and made a high of 3934 in Aug'23. Post that stock has undergone into a correction which already concluded at Nov'23 bottom of 3295. From there stock has rallied again and broken it's previous swing high made in Aug'23. The recent price action suggests that stock has formed a Continuation H&S and given a breakout on 26th dec'23 and trading well above it's neckline. The measured target for this pattern is coming in the region of 4370-4400 zone.
Shradha Infraprojects Ltd (Breakout Soon Stock)Shradha Infraprojects (Nagpur) Ltd can give a breakout above the 62.35 level. The stock needs to close above the 62.35 level on a weekly basis. The stock has a possible upside of 67,76, and 102 in the long run. Also, good volume can be seen. One can place a stop loss of 52.50 (W) closing basis. #SHRADHA.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor prior to making any investment.
EPIRGRAL LTD / Meghmani Finechem LimitedEpigral is India's 4th largest manufacturer of Caustic Soda, Chlorine and Hydrogen and a leading manufacturer of Caustic Potash, Chloromethanes and Hydrogen Peroxide.
Epigral is strengthening its position in the specialty chemical segment by expanding CPVC Resin capacity to 75,000 TPA, setting up CPVC compound capacity of 35,000 TPA, entering into the Chlorotoluene & value chain and setting up R & D centre.
The company said it has launched first research and development centre at Ahmedabad spread over 14,374 square metres with an initial investment of Rs 30 crore.
PE is attractive at 18.17, lower than its sector PE ratio of 104.49.
Annual Revenue rose 41.24%, in the last year to Rs 2,196.38 Crores. Its sector's average revenue growth for the last fiscal year was 16.95%.
Annual Net Profit rose 39.76% in the last year to Rs 353.29 Crores. Its sector's average net profit growth for the last fiscal year was 4.91%.
Promoter Share Holding remains same at 71.38%.
Worth holding the stock for 2-3 Years !!!
Turnaound Company WIth Growth Expension Company Now moving Forward
Reported Highest Ever Profit
Turnround Company
Reported First ever profit and highest
ever margin
Hold For Target Min 20% - 30% Profit
if You can
Future Business related to Data management
Only Fundamentals analysis to enter in This stockStock is Beaten down and still revenue is all time high
Company looking for extension
That aggressive sell due to high PE ration and all thing almost flat and it is looking to breakout
Hold it and enter this stock for big targets
CMP is 30.10
make SL of 26
target is big
32-35-38
if this stock cross all these level we can see almost 80% upside for target of 40-45
(keep in Mind Chart can look bad but if stock fundaments are good it can easily move for upside )
EDELWEISS is Chart ready for Big MoveEDELWEISS
Current Market price is 68.30
Chart Done Good Amount of Consolidation and ready to Breakout
Fundamentals is Good
Hold For target of
82
117
CDSL Buy for 40% Gain...- CDSL is India’s largest securities depository in terms of number of accounts with the highest - -share of incremental growth of demat accounts.
- The total number of demat account investors in India reached over 12 crores, with more than 9 crores registered with CDSL.
- Highest Ever Quarterly revenue of 207 crore.
- Highest every net profit of 109 crore in sept. quarter.
- Making cup and handle pattern.
- target 1975, 38 % from current price.
Future Initiatives:
The company is assessing the potential for loan against insurance policies and the adoption of e-insurance frameworks
Warning - not a buy or sell recommandation ask your financial adviser before investing.
GLENMARK: Swing tradeBouncing from th support zone making higher highs and higher lows on lower degree time frame. Stock is likely to hold above 670 zone and move up towards 830-840 in the coming days.
holding Company BreakoutRPSG Venture is looking Good
On Weekly Time Frame it is bullish and making Cup and Handle Pattern and ready to breakout
volume is also increasing
Right Now all Holding Company Blasted
This one Also
Cmp is 680
hold it For target of
750
900
1000
Dollex Agrotech Looking for Breakoutit is looking Good The recent qtr results
is amazing and reported almost
400% in sales and 500% in net profit compare to Sept 2022
Margin also Improved and looking for more Upside hold it for target of Double
CMP is 42
Hold For target of
60
80
SL is 36
Small Neno Cap For Swing TradingMany people Doing Swing trading and here i come up with a swing trading idea in Neno Cap Stock
Medinova Diagnostic
all fundamentally analysis Done and Nothing Wrong i Found
Revenue increasing
margins increasing
Medical Sector (never Die)
promoter holding 74%
CMp is 28.80
Buying range is 28.80 to 29.90
Hold for target of
32
35
37
BPCL-A Review for 8th Jan'23 ideaInverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on CMP 355-54 zone , keeping SL of 320 look for the target of 415-430 zone.
WESTLIFE: Head & Shoulder ContinuationInverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large volumes forming a head having its bottom is below the left shoulder following an upmove correction on lower volumes & completing the head.
The completion of the head must be above the top of the left shoulder. If the prices rise above the top of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the tops of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing above the line, this will be the confirmation of the breakout of the Inverse head and shoulders pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again start rising, this will be the final confirmation of the up move as shown above.
The bookish target of this pattern is taken as the vertical price range from the bottom of the head to the neckline & the bookish Stop loss should be the bottom of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range below the neckline.
TRADING STRATEGY:
Buy on cmp add on dips , keeping SL of 710 look for the measured target of 975 and beyond that 1200 region.
SBI: Head & ShoulderStock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95
THEORY:
This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which the volumes are quite large.
At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left shoulder. After this, again an up move can be seen on large volumes forming a head whose top is above the left shoulder following a correction on lower volumes & completing the head.
The completion of the head must be below the top of the left shoulder. If the prices fall down below the low of the left shoulder then too this pattern remains intact. In the end, the right shoulder is formed usually on smaller volumes comparatively the previous two rallies.
Now if you connect the bottoms of the left shoulder, head & the right shoulder there will be a formation of the ‘Neckline‘. This line will act as a decision line. If the prices break this neckline & give closing below the line, this will be the confirmation of the breakdown of the H&S pattern.
However, it has been noticed that after breaking of the neckline the prices again attracted towards this neckline. We say this phenomenon as a retest of the neckline which will add some more confidence while trading this pattern.
After retesting if the prices again come down this will be the final confirmation of the downside movement of the price as shown below.
The bookish target of this pattern is taken as the vertical price range from the top of the head to the neckline & the bookish Stop loss should be the top of the right shoulder. However this stop loss can be big, so it is advised to keep a stop loss of 4-5% of the price range above the neckline.
