Long term trend-line breakout in ITCWe all know that ITC has been dividing the trading world into two for so long.
Some exited in loss, some held it like 'fevicol's ad' and some cannot even tell the story.
but, but
Why should one buy ITC now when spines are chilled?
Reasons:
1. Bullish Marubozu Candle with high volume.
2. Clear Trend-line Breakout.
3. Absorption of all the supply range visible in February 2021.
4. Making Pandemic Era High.
5. Rising RSI @ 56.54
6. DMI crossover with ADX trying to tilt upwards.
Precaution:
Please do not chase the move right now.
Let the stock pullback or at least consolidate.
If it does not correct below 233, look for bullish signs for entry.
Shortterm
Jubliant Industries: Traingle pattern (Time frame-1Day)Disclaimer: All charts are purely for educational and information purpose only. Invest or trade at your own risk.
Ceat ltd: Triangle pattern (Time frame-1Week)Ceat ltd: Triangle pattern (Time frame-1Week)
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Chart time frame -1 Week
Trade type -Short term
Duration - 2 months
Entry - 1400
Target 1 - 1750
Stoploss - 1250
Risk : Reward - 1:2.3
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Apollo tyres : Triangle pattern (Time frame-1Week)Apollo tyres : Triangle pattern (Time frame-1Week)
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Chart time frame -1 Week
Trade type -Short term
Duration - 3 months
Entry - 245
Target 1 - 290
Stoploss - 218
Risk : Reward - 1:1.6
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Torrent pharma: Rectangle pattern (Time frame-1Week)Torrent pharma: Rectangle pattern (Time frame-1Week)
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Chart time frame -1 Week
Trade type -Short term
Duration - 2 months
Entry - 3250
Target 1 - 3800
Stoploss - 3000
Risk : Reward - 1:2.2
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Bse: Triangle pattern (Time frame- 1Day)Bse: Triangle pattern (Time frame- 1Day)
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Chart time frame -1 Day
Trade type -Short term
Duration - 2 months
Entry - 1480
Target 1 - 1700
Stoploss - 1330
Risk : Reward - 1:1.4
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
MCX: Triangle pattern (Time frame- 1Week)MCX: Triangle pattern (Time frame- 1Week)
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Chart time frame -1 Week
Trade type -Short term
Duration - 3 months
Entry - 2000
Target 1 - 2500
Stoploss - 1750
Risk : Reward - 1:2
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Icici bank: Rectangle pattern pattern (Time frame- 1 Day )Icici bank: Rectangle pattern pattern (Time frame- 1 Day )
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Chart time frame -1 Day )
Trade type -Short term
Duration - 2 months
Entry - 760
Target 1 - 820
Stoploss - 730
Risk : Reward - 1:2
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
SBICard up for a breakoutSBICard has been actively taking support at 200 EMA and bouncing back and hitting 1140-1160 levels, but this time it seems it isn't headed towards 200-EMA and rather it is forming a Bull Flag , one can go long once breakout done and expect an Immediate Target of 1300.
Short Term Target: 1500
Aarti Drugs Analysis for Short termAarti Drugs is moving in a Descending triangle pattern from Aug 2020 and may give a break out shortly. Even though the pattern is bearish, I'm quite bullish about this stock bcz it's a market leader in API supply with a market share of 79% and API market will only grow with time to reduce dependence on China. So Buying it now with a SL at 575 can prove to be a Jackpot in Short tern] and long term.
Crompton : Triangle pattern (Time frame-1Week)Crompton : Triangle pattern (Time frame-1Week)
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Chart time frame -1 Week
Trade type -Short term
Duration - 3 months
Entry - 505
Target 1 - 550
Stoploss - 470
Risk : Reward - 1:1.2
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Devyani: Triangle pattern (Time frame- 1Day)Devyani: Triangle pattern (Time frame- 1Day)
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Chart time frame -1 Day
Trade type -Short term
Duration - 2 months
Entry - 116
Target 1 - 128
Stoploss - 110
Risk : Reward - 1:2
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Bharat Rasayan Ltd.: Triangle pattern (Time frame- 1 Day )Bharat Rasayan Ltd.: Triangle pattern (Time frame- 1 Day )
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Chart time frame -1 Day )
Trade type -Short term
Duration - 3 months
Entry - 12800
Target 1 - 15000
Stoploss - 11850
Risk : Reward - 1:2.3
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Have a great day everyone!
Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.