Short Term Trading Opportunity in Cummins India for >15% UpsideHi,
NSE:CUMMINSIND has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Weekly and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Shorttermtrade
Hero MotoCorp Update 10May (3May)Since the last post about Hero MotoCorp on 3rd May, the stock has gained over 7% in a not so conducive (positive) market. The signs show a possibility of it reaching its target soon. This is not a trade recommendation. Please do your own due diligence/analysis.
The broader market has been consolidating for a few weeks now and may continue so until general elections before the next leg of escalation begins.
Adani Power Update 9 May (5May / 28April)As mentioned in the 5th May post, any fall towards 570-560 levels can be treated as an opportunity to buy. The stock shot back up to 610+ levels today (9 May’24). It could still spend some more time but 20% in near term is very possible.
Have conviction in the idea even before you invest Rs 100 in it. This is not a trade recommendation. Please do your own due diligence/analysis.
Adani Power Target IntactAs always, expectations from Adani Power Q4 results were very high and even though results were good (except for higher tax amount), there is a sense of disappointment in the street. The story remains intact; may be some more consolidation. Any panic fall towards 570-560 due to rumours/news should be treated as an opportunity to buy. This is not a trade recommendation. Please do your own due diligence.
Piramal Pharma Limited: Multi-Year Breakout! 🎁#PPLPHARMA
🔍 Setup: Multi-year breakout setup
📊 Analysis: Bullish trade! Significant volumes detected, with a supportive sector. Key levels from Nov 2022 and Jan 2024 have been breached, and the price is sustaining well above them. Trade Active Price: above 154. 📈
Join the discussion and share your thoughts! Like and comment below! 💬 Let's capitalize on this breakout opportunity together! 🌟
Hero MotoCorp quick 25% gainThe stock has had long periods of consolidations/corrections; last being Feb 2021 to Mar 2023 and then a spurt in price. It currently seems to be in Wave (V) of 3 which is likely to achieve a target of 5700, a 1.618 Fibonacci level as seen in the chart. Any fall from current level (4550) towards 4200-4000 should be used as an opportunity to accumulate.
Wave 3 in EW analysis is said to the best wave to be invested in because it is the longest and the fastest wave. This is not a trade recommendation. Please do your own due diligence.
EID Parry for 40% gainIn the longer time frame, the stock seems to be in Wave 5 that could lead to about 1000+ levels. The present level (620) is part of Wave III that may culminate at around 880 which is also the 1.618 fib level as seen in the chart. This doesn’t mean that the rise will be a straight line. The zigzag move may take some time but even if it takes 6 months or more to reach 880 (40% gain), the return is good. Any fall towards 590 levels should be an opportunity to add. This is not a recommendation to trade. Please do your own due diligence.
Inverse Head and Shoulder Century Textile (Short Term Trade)On 2 hourly chart there is inverse head and shoulder formation neckline is marked as yellow line
The volume during the formation is low, and ATR was also steadily falling
Price found support on the rising trend line (blue line) on 25-80-23
and after that bullish strength started to increase gradually, (increasing volume and ATR)
On the breakout candle , the vol showed a steep rise, along with ATR rise
There is a short term trade
tgt 1105, sl 1025
Swing Buy Opportunity in BajajFinanceGood Buy opportunity in Bajajfinance as per 1:1.5 Risk Reward Ration.
The stock has taken support on 200EMA and has given a breakout.
Note: This information is for Learning/entertainment purpose only and should not be treated as any trade recommendation. Please do research and consult your advisor prior to taking any actions.
If you like this Idea, Please do like my ideas and share it with your friends. To further connect check my bio.
Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis.
Thank you
ONGC LOOKING GOOD FOR SWING TRADING.ONGC stock has given a breakout on 1 day time frame. downtrend breakout and looking good as per the technical point of view. if you are safe trader wait for breakout of 141 resistance levels. from current levels my view is bullish on this stock for swing and short term. Upcoming targets on technical are 141 and and 153. for safety purpose follow the stop loss of 133. This not a buy or sell calls this is strictly for educational purpose. Do your own analysis before taking entry.
EICHER MOTORS - SHORT TERM - ASCENDING TRIANGLEThe analysis is done on 15 minutes TF hence price may achieve targets in a day or take a few days.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
MCDOWELL Rounding Bottom + Ascending Triangle - Short Term TradeThe analysis is done on 15 minutes TF hence price may achieve targets in a day or take a few days.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
TATA MOTORS SHORT-TERM SWING TRADE!Hi everyone, Tata motors short-term swing trade consider buy on pull back 478 target 497 stoploss 466.
LOGIC BEHIND TRADE : Stock has given correction recently & given breakout of dynamic trendline resistance and static resistance too! buying on pull back is best & makes good RR risk reward ratio target identified from harmonic xabcd pattern level 1.272 stoploss identified is taken previous swing low. Overall stock is bullish longer time frame. NSE:TATAMOTORS