Dhani aiming for a stage 2??#Dhani
After a long downtrend, started the uptrend and is now at a 2-year resistance forming CNH. If broken out then this could be a potential stage 2 candidate.
Keep on the radar as a positional pick. SL is very deep so position the size accordingly and manage the risk.
The chart shared is just to notify you of this setup and is not a buy-sell recommendation.
Stage2
Vlegov resilient in this weak market. Keep on radar. ✅Stock is trading in a channel.
✅Taking support at the bottom of the channel and
50 DMA
✅HH-HL pattern is not violated yet.
✅Stock in stage 2 backed with good volume.
✅Low volume when stock is pulling back.
✅Showing resilience in this weak market.
✅Part of Digital theme which could be the next big
thing in India.
❗️Fundamentally not strong as of now.
❗️Showing resilience in a weak market doesn't mean
it will never fall.
❗️Ideal entry was when the stock reversed from the
channel bottom with a bullish Marabozu.
❗️Ideal SL from CMP is very steep.
❗️The market is still under the control of bears and
we are yet to get a strong reversal sign.
Keep this stock on your radar. Safe traders wait for Nifty to close above 25200 or let the stock break out of the current base. The breakout level is 181.26. Risky traders can try going long with limited quantity at CMP. Present market is FOMO inducing. Keep your FOMO under control.
Risk management is the key, so please do not trade based on anyone's analysis. The point of sharing this chart is educational, and this is not trading advice.
MATRIMONY - Ready for BreakoutMATRIMONY - Matrimony.com Ltd shows a promising technical setup with signs of a potential bullish move, given certain conditions are met.
Here’s a detailed analysis:
103-Week Downtrend and Consolidation: The chart indicates a prolonged downtrend lasting about 103 weeks, followed by a consolidation phase of similar length. This long consolidation after a downtrend typically signifies accumulation, where sellers lose strength and buyers start gaining control.
Double Bottom Pattern: A double bottom has formed, which is a bullish reversal pattern. This suggests that buyers are stepping in at a certain support level, preventing the price from declining further.
Stage 2 Breakout: The stock has successfully broken out of its Stage 2 area, indicating a transition into an uptrend. This is typically a strong sign that the stock is moving from consolidation to growth.
Small Base Formation and Support: After the breakout, the stock formed a small base above the support level, showing stability and giving further confidence in the continuation of the uptrend. This base acts as a springboard for further upward movement.
20-Week and 40-Week Moving Average Crossover: The chart shows a bullish crossover where the 20-week moving average crosses above the 40-week moving average, confirming the beginning of a potential uptrend. This crossover often acts as a strong buy signal.
Volume Analysis: Volume appears to have increased significantly on breakout days, suggesting that institutional buyers are likely entering the stock, which further supports the bullish scenario.
Targets: If the stock sustains above the small base and support levels, it may reach the following targets:
Target 1: ₹990
Target 2: ₹1,041
Target 3: ₹1,200
Conclusion
The technical setup of Matrimony.com Ltd. is showing bullish signals, with a double bottom pattern, Stage 2 breakout, moving average crossover, and high volume support. The stock appears ready for an uptrend if it holds above its current support level. A break above the small base would provide confirmation, and it may reach the projected targets in the coming weeks.
PEL - Ready For Stage 2 Breakout on Weekly ChartPiramal Enterprises Ltd shows bullish technical patterns that indicate a potential upward movement if certain breakout conditions are met.
Here’s a detailed technical analysis:
Long-Term Downtrend: The stock was in a prolonged three-year downtrend, followed by a 2.5-year consolidation range, indicating that the stock was in a base-building phase after a significant decline. This consolidation suggests that sellers have been exhausted, and the stock may be preparing for a reversal.
Cup and Handle Pattern: The chart forms a classic cup and handle pattern, a reliable bullish continuation pattern. The "cup" spans approximately 53 weeks, and a handle has recently formed. This pattern indicates potential for an upward breakout if the stock closes above the handle’s resistance.
Stage 2 Breakout Area: A strong horizontal resistance line marks the breakout area for Stage 2. This is the critical level the stock needs to break above to confirm the cup and handle pattern, signaling the beginning of an uptrend.
Higher Low Base: During the formation of the cup, the stock established a higher low base, showing strengthening buyer interest and reducing downward pressure. This higher low base reinforces the bullish setup, as it signifies accumulation.
Volume: Volume appears to be rising as the stock approaches the breakout area, a positive indicator that there’s growing interest and that the breakout could be strong.
Targets: If the stock breaks above the handle resistance, it could achieve the following projected targets:
Target 1: ₹1,270
Target 2: ₹1,400
Target 3: ₹1,500
Entry Point: The recommended entry point is above the handle breakout, as this would confirm the cup and handle pattern, providing a strong bullish signal.
Conclusion
The chart of Piramal Enterprises Ltd indicates a potential bullish reversal after a prolonged downtrend and consolidation phase. A successful breakout above the handle would confirm the cup and handle pattern, leading to potential gains toward the outlined targets. Rising volume and a stable higher low base support this bullish outlook.
IOLCP - Ready for Stage 2 Breakout🔊 IOLCP - Ready for Stage 2 Breakout
IOLCP - IOL CHEM AND PHARMA LTD
⌛Duration - Short Term (3 month to 6 month)
📊📈 Trade Logic - Ready for Stage 2 Breakout
CMP - ₹516.25
Time Frame - Weekly
🎯Target 1 : ₹630
🎯Target 2 : ₹705
🎯Target 3 : ₹855
🛑 Stop : ₹430
🏆 Risk/Reward Ratio (1: 3)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
NAHARCAP - Ready for Stage 2 Breakout🔊 NAHARCAP - READY FOR STAGE 2 BREAKOUT
NAHARCAP - NAHAR CAP & FIN.
⌛Duration - Long Term (8 month to 15 month)
📊📈 Trade Logic - Stage 2 breakout
CMP - 335.75
Time Frame - Weekly
🎯Target 1 : 410
🎯Target 2 : 455
🎯Target 3 : 520
🎯Target 4 : 590
🎯Target 5 : 690
🛑 Stop : 270
🏆 Risk/Reward Ratio (1: 5.4)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
FINEORG - PERFECT STAGE 2 BREAKOUTFINEORG - FINE ORGANIC IND. LTD.
Trade Type - Short Term (4 month to 7 month)
Trade Logic - Stage 2 breakout
CMP - 5507.10
Time Frame - Weekly
Target 1 : 6050
Target 2 : 6632
Target 3 : 7328
Target 4 : 8250
Stop : 4900
Risk/Reward Ratio (1: 4.3)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
VAIBHAVGBL Looks good for reversal....VAIBHAVGBL is in stage 1 currently. Nicely Accumulating in last few months. It is best time to take small positions. Chart ripens only if it gives breakout of resistance.
Should plan trade with proper risk management.
NOTE: No idea of company fundamentals. It's just technical view on stock.
#SEQUENT - Rounding bottom pattern formation#SEQUENT - SEQUENT SCIENTIFIC LTD
Trade Type - Long Term ( 6 month 18 Month)
Trade Logic - Stage 2 breakout (Rounding Bottom)
CMP - 146.30
Target 1 : 157
Target 2 : 203
Target 3 : 230
Target 4 : 277
Stop : 98.5
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
VENKEYS LONG IDEAVenkeys is looking good on chart.It is yet to break long term trendline resistance.
Once breaks trendline it can start marching towards channel upper line.
Need to plan trade asd per risk management using given Stop loss levels.
Note: No idea about fundamentals of comapny. It's completely Technical take.
IEX - entering Stage-2 after long accumulation- trade/investmentThe analysis is done on Weekly TF.
The purpose of sharing this analysis is to make viewers understand the stage concept
Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock.
A stock goes through 4 stages in its lifetime and the cycle repeats.
The stock has been in accumulation phase for past 2 years almost and now seems to be coming out of its stage-1 and entering into Stage-2
A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money.
This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others.
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.
GUJGASLTD - Entering Stage-2 with strong candle - Stage analysisThe analysis is done on Weekly TF.
The purpose of sharing this analysis is to make viewers understand the stage concept
Legendary Trader - Stan Weinstein has introduced this concept of Stage analysis of a stock.
A stock goes through 4 stages in its lifetime and the cycle repeats.
Here you can see how the chart first started off from stage-1 phase and gave a strong rally in stage-2 thereafter cooling off in stage-2 (distribution phase) and finally falling in decline phase.
Again the stock has been in accumulation phase for past 25-28 months and now seems to be coming out of its stage-1 and entering into Stage-2
A stock moves fastest in its stage-2 and hence a stock entering stage-2 should always be on our radar for opportunities if we want to make good money.
This concept of Stage analysis has been used by many traders/investors like Mark Minervini and others.
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.
QUICKHEALVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
SENCOVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.