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Blue Star Ltd - Breakout Setup, Move is ON...#BLUESTARCO trading above Resistance of 1445 Next Resistance is at 1782 Support is at 1165 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BLUESTARCOLong
by MandeepSinghKohli
2
Nava Limited - Breakout Setup, Move is ON...#NAVA trading above Resistance of 867 Next Resistance is at 1032 Support is at 673 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NAVALong
by MandeepSinghKohli
CANFINHOME - The Ascending Triangle PatternCan Fin Homes Ltd has recently exhibited a notable range-bound movement, forming an ascending triangle pattern that highlights its price consolidation phase. The stock oscillated between key price levels, with a significant high of 938 on July 1st and a low of 680 on June 4th, before peaking at 909.80 on July 25th. This range-bound behavior reflects a period of accumulation and steady buying pressure, as the price repeatedly tests the horizontal resistance while respecting the upward-sloping support line. This consolidation phase is crucial as it sets the stage for a potential breakout, indicating that the stock is gearing up for a significant directional move. The pattern suggests that investors are increasingly optimistic, with the price confined within these key levels, paving the way for future volatility and trading opportunities. In this analysis, we will explore three key trading strategies for CANFINHOME based on the recent ascending triangle pattern. First, we will examine the Breakout Strategy, which capitalizes on the price movement once it surpasses key resistance levels. Next, we will discuss the Pullback Strategy, focusing on entering trades during price retracements to the breakout level. Finally, we will consider the Breakdown Strategy, which prepares for a potential bearish reversal if the price falls below critical support levels. Each strategy will be detailed with entry points, stop losses, and targets to help you make informed trading decisions. In this analysis, we will explore three key trading strategies for CANFINHOME based on the recent ascending triangle pattern. First, we will examine the Breakout Strategy, which capitalizes on the price movement once it surpasses key resistance levels. Next, we will discuss the Pullback Strategy, focusing on entering trades during price retracements to the breakout level. Finally, we will consider the Breakdown Strategy, which prepares for a potential bearish reversal if the price falls below critical support levels. Each strategy will be detailed with entry points, stop losses, and targets to help you make informed trading decisions. Breakout Strategy: Entry Point: For an optimal entry, consider buying above 914 as an early signal or above 938 for a regular entry. This indicates a confirmed breakout from the ascending triangle pattern, signaling strong bullish momentum. Stop Loss: Place your stop loss just below the support level of 838. This precautionary measure helps safeguard against potential reversals or false breakouts. Target: Set your price target around 1196. This level is calculated by adding the vertical height of the triangle to the breakout point, reflecting the expected upward movement based on the pattern. Rationale: Entering at 914 or 938 allows you to capitalize on the upward potential following the breakout. With a stop loss at 838, you manage risk effectively. The target of 1196 aligns with the pattern’s projection, maximizing your profit potential. Pullback Strategy: Entry Point: Look for a buying opportunity during a pullback to the breakout level around 914 or the support level of 903.85. This approach leverages a temporary price retracement to secure a more advantageous entry. Stop Loss: Position the stop loss below the support level of 838 to mitigate risk in case the pullback evolves into a deeper correction. Target: Maintain the target at approximately 1196, consistent with the breakout strategy. Rationale: The pullback strategy offers a chance to enter at a better price while confirming the validity of the breakout. The stop loss below 838 provides protection against significant losses, and the target of 1196 remains aligned with the anticipated price movement. Breakdown Strategy: Entry Point: If the price drops below the key support level of 838, consider this a breakdown of the ascending triangle pattern. This shift indicates a bearish reversal and a potential shift in market sentiment. Stop Loss: Set the stop loss above the support level of 838 to prevent substantial losses if the breakdown proves to be a false signal. Target: For a breakdown scenario, the target will need to be adjusted based on new technical analysis of lower support levels. Immediate downside targets should be reevaluated as the situation unfolds. Rationale: The breakdown strategy addresses the possibility of a bearish reversal when the support level is breached. The stop loss above 838 helps limit potential losses, while the target will depend on further analysis of the emerging support levels. Conclusion : The ascending triangle pattern for Can Fin Homes Ltd indicates a bullish outlook with a potential price target of 1196 if the breakout is confirmed. The breakout strategy aims to capture the upward trend, while the pullback strategy provides an opportunity to enter during a retracement. Conversely, the breakdown strategy prepares for a potential bearish scenario if the support level is breached. Each strategy includes specific entry points, stop losses, and targets, offering a comprehensive approach to trading based on the pattern’s analysis. Disclaimer : The information provided in this article is for educational and informational purposes only and should not be construed as financial advice. Trading and investing in the stock market involve risk, and you should consult with a qualified financial advisor before making any investment decisions. The author and the publisher are not responsible for any losses or damages that may occur as a result of using the information provided in this article. Past performance is not indicative of future results. Always conduct your own research and due diligence before making any investment decisions. *** Hint*** Use a buffer at entry to avoid false breakout
NSE:CANFINHOMELong
by ruelfernandes
Geojit Financial Services - Breakout Setup, Move is ON...#GEOJITFSL trading above Resistance of 147 Next Resistance is at 228 Support is at 96 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GEOJITFSLLong
by MandeepSinghKohli
Edelweiss Financial Services Ltd - Breakout Setup, Move is ON...#EDELWEISS trading above Resistance of 110 Next Resistance is at 161 Support is at 88 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:EDELWEISSLong
by MandeepSinghKohli
Dhunseri Investments Limited - Breakout Setup, Move is ON...#DHUNINV trading above Resistance of 1695 Next Resistance is at 2640 Support is at 1256 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DHUNINVLong
by MandeepSinghKohli
Allied Digital Services Limited - Breakout Setup, Move is ON...#ADSL trading above Resistance of 271 Next Resistance is at 360 Support is at 192 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ADSLLong
by MandeepSinghKohli
Mrs. Bectors Food Specialities Ltd - Breakout Setup, Move is ON.#BECTORFOOD trading above Resistance of 1616 Next Resistance is at 2287 Support is at 1336 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BECTORFOODLong
by MandeepSinghKohli
Godfrey Phillips India - Breakout Setup, Move is ON...#GODFRYPHLP trading above Resistance of 6771 Next Resistance is at 9804 Support is at 4339 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GODFRYPHLPLong
by MandeepSinghKohli
Allied Digital Services Limited - Breakout Setup, Move is ON...#ADSL trading above Resistance of 192 Next Resistance is at 271 Support is at 153 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:ADSLLong
by MandeepSinghKohli
Poly Medicure Limited - Breakout Setup, Move is ON...#POLYMED trading above Resistance of 1782 Next Resistance is at 2339 Support is at 1405 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:POLYMEDLong
by MandeepSinghKohli
Marksans Pharma Ltd - Breakout Setup, Move is ON...#MARKSANS trading above Resistance of 212 Next Resistance is at 262 Support is at 180 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MARKSANSLong
by MandeepSinghKohli
Multi Commodity Exchange of India Ltd - Long Setup, Move is ON..#MCX trading above Resistance of 3056 Next Resistance is at 5182 Support is at 1722 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:MCXLong
by MandeepSinghKohli
2
Indian Hotels - Long Setup, Move is ON...#INDHOTEL trading above Resistance of 509 Next Resistance is at 651 Support is at 391 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:INDHOTELLong
by MandeepSinghKohli
Mrs. Bectors Food Specialities Ltd - Long Setup, Move is ON...#BECTORFOOD trading above Resistance of 1237 Next Resistance is at 1616 Support is at 858 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:BECTORFOODLong
by MandeepSinghKohli
Godfrey Phillips India - Breakout Setup, Move is ON...#GODFRYPHLP trading above Resistance of 4971 Next Resistance is at 6771 Support is at 3647 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GODFRYPHLPLong
by MandeepSinghKohli
2
Aavas Financiers - Analysis and PredictionTechnical Analysis of Aavas Financiers: Aavas Financiers has been in a downtrend since January 2022, with strong initial support levels established at 1,297. The stock is facing resistance at four key levels: 1,815 (R1), 2,044 (R2), 2,416 (R3), and 3,000 (R4). Notably, the stock is trading above the 200-week EMA, which is a positive technical sign, but it may experience a correction as it has reached the first resistance level (R1). In terms of trading volumes, there has been significant increase since June 2023, indicating heightened market activity and interest. Additionally, Aavas Financiers has reported a decent free cash flow of ₹5.2 billion INR, which strengthens its financial position. From a technical perspective, both the weekly and monthly MACD charts display bullish strength, further supporting the potential for upward movement in the stock’s price, provided it can break through and sustain the resistance levels ahead. Potential Risk: The primary risk to the stock's upward trajectory is the possibility of a broader market correction. Disclaimer: This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:AAVAS
by sandeepbalachandran
SBI Cards and Payments [Potential Swing]Since October 2021, SBI Cards and Payments has been on a downward trajectory, eventually finding support at 690. However, the weekly chart suggests the stock may be entering an accumulation phase. Since January 2024, the price has been fluctuating between a low of 690 and a high of 760, which could indicate consolidation as buyers gradually accumulate shares. Additionally, there has been a noticeable increase in trading volume since October 2023, suggesting growing interest in the stock. From a technical perspective, the weekly MACD appears positive and is on the verge of gaining momentum, signaling a potential shift in market sentiment. The monthly MACD also reflects a steady decline in seller momentum, further indicating increasing buyer interest. At this stage, only two resistance levels have been identified. A breakout and sustained movement above the second resistance level (R2) will be critical in confirming a stronger upward trend. If the stock successfully maintains levels above R2, further resistance levels will be marked, providing clearer targets for future price action. Potential Risk : The primary risk to the stock's upward trajectory is the possibility of a broader market correction. Disclaimer : This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:SBICARD
by sandeepbalachandran
Godrej Industries Limited - Breakout Setup, Move is ON...#GODREJIND trading above Resistance of 986 Next Resistance is at 1452 Support is at 699 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:GODREJINDLong
by MandeepSinghKohli
1
Sundaram Finance Holdings Ltd - Breakout Setup, Move is ON...#SUNDARMHLD trading above Resistance of 365 Next Resistance is at 460 Support is at 260 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:SUNDARMHLDLong
by MandeepSinghKohli
Kothari Petrochemicals Limited - Breakout Setup, Move is ON...#KOTHARIPET trading above Resistance of 220 Next Resistance is at 283 Support is at 167 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:KOTHARIPETLong
by MandeepSinghKohli
1
NDR Auto Components Ltd - Breakout Setup, Move is ON...#NDRAUTO trading above Resistance of 1476 Next Resistance is at 1938 Support is at 1094 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NDRAUTOLong
by MandeepSinghKohli