Momentum Trading Picks: Welspun Corp & Himadri Speciality Chemic
Price went through a significant consolidation after a big rally.
Volume completely dried up during the consolidation phase.
Price recently broke out strongly, surpassing its resistance area.
Rising volume suggests buyers are becoming more interested in this stock.
A bullish MACD crossover confirms the strong momentum in price.
The price created a symmetrical triangle shape and stayed stable for a while.
There was no trading volume during this time.
Following the breakout, the price stabilized above the breakout point and then retraced.
After a successful retracement, the price is now moving upwards with significant trading volume.
A bullish MACD crossover confirms the strong momentum in price.
Stocksanalysis
DIVISLAB and ONGC showing high rise in Future OIDIVISLAB
The price has been consolidating in a narrow range for more than a year.
Recently, the price successfully surpassed its resistance level.
Since the breakout, the price has maintained above the breakout point and is steadily increasing.
The current RSI is above 60, suggesting strong buying pressure.
ONGC
Before, the price was rising steadily, pushing the highs and lows higher.
Since March’24, the price has entered a consolidation phase, and an ascending triangle pattern has been established.
A breakout with significant volume has occurred recently.
The RSI is currently above 60, indicating strong buying pressure.
Bullish Flag pattern in SANGHVI MOVERSA Weekly Bullish Flag and Pole pattern is visible on the charts of
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the NSE:SANGHVIMOV
MACD gave Positive crossover on Daily chart , Monthly chart and on weekly chart, it is on verge of giving positive breakout So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 740-760 levels with the stoploss of Rs. 620.55 on weekly closing basis. The 1st target will be 840.10 , 2nd target will be 928.10, 3rd target will be 1008.20, 4th target will be 1096.65 and fifth target will be 1184.55.
Prestige Estates Projects Ltd (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Prestige Estates Projects Ltd
Target: RS 1535
CMP: RS 1460.60
ENTRY RANGE: 1445-1475
STOP LOSS: RS 1318
Disclaimer: I am not Sebi Registered.
AIA Engineering Ltd (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
AIA Engineering Ltd
Target: RS 3895
CMP: RS 3708.50
ENTRY RANGE: 3670-3745
STOP LOSS: RS 3600
Disclaimer: I am not Sebi Registered.
Jai Balaji Industries Limited (EDUCATIONAL PURPOSE ONLY)There is no guarantee in stock market and Nothing over week
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY, NOT BUY OR SELL RECOMMENDATIONS)
Jai Balaji Industries Limited
Target: RS 1055
CMP: RS 1002.70
ENTRY RANGE: 990-1012
STOP LOSS: RS 985
Disclaimer: I am not Sebi Registered.
Whirlpool of India - A Long Term Investment StockIn this Monthly chart wave (1) is completed at 2787 and wave achieved its minimum retracement range....If wave (2) is already completed at 1186 then wave (3) is already started and may achieve given targets of wave (3) in upcoming months or so....but if wave (2) is still in progress then 1458--927 support(buying) range for the stock....
Precision Wires India Ltd (Strong Breakout Candidate)Precision Wires India Ltd has given a breakout on a daily time frame. The stock can head towards 155 and 170 levels in the short term. Also, good volumes can be seen on a daily time frame. The stock has support at the 141 level. CMP: 143. #PRECWIRE.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Stock Operating An Epic Example, Oberoi Realty -20% in a Month. 4/1/2024:- Open 1460... Beginning of the Month Pumped 6% Sold High Premium Puts Strike Range 1460 to 1585.
4/1/2024 to 20/1/2024:- Stock Traded in Same Range. Pump and Dump Activity - Distribution at High Price. Operators minted in Put options.
15/1/2024:- Short Positioning Range in 6% form 1500-1585 All Time High.
20/1/2024:- Sold ITM Call approx. Strike Range 1585 to 1320. It was operators monthly expiry plan.
23/1/2024:- Stock 4% Gap-down and sold just another 4% to make sure nobody would dare to challenge short positions of the stock operators.
24/1/2024 to 25/1/2024:- Monthly Expiry Stock Being sold just another 7-8%
25th Jan. 2024:- Monthly Expiry End Game for the Strike 1300++ Call Buyers
Agree? Don't Agree? It doesn't matter because...
I Hope someone beginner an innocent retail stock option buyer will get an idea before entering into either long or short position in stock options or futures.
Disclaimer: This is for the educational purposes only. Analysis & View are personal. Trade at your own risk. We recommend consult your financial advisors and do your own analysis before taking any trade. Profit and Losses are subject to your own risk management and constantly changing market conditions.
Bullish Flag Pattern in ZEE ENTERTAINA Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:ZEEL
Flag and Pole pattern is a bullish continuation pattern and it is visible on the charts after a meaningful appreciation in the NSE:ZEEL
MACD gave Positive territory on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 270-275 levels with the stoploss of Rs. 242.35 on weekly closing basis. The 1st target will be 290.10, 2nd target will be 306.10, 3rd target will be 331.20, 4th target will be 346.65 and fifth target will be 358.55.
Risk to Reward Ratio is 1:3
This study is for education purpose only.
NBCC looks all set for Big Gains.Hey guys I hope you all are doing well, making insane amount of profits.
Check out this chart for NBCC! It's like a cool artwork with a symmetrical pattern. So, for the past 5 years, it was consolidating in a beautiful range, symmetrical tringle pattern. Where initially it has dropped by around 60%, but then it bounced back and started making slightly lower highs and also higher lows.
There is another important line between support and resistance where price has been dancing around this multiple times. And guess what? On the last trading day, it made a big 8% jump and even broke through two trend lines.
If this good vibe keeps going and it stays above those lines, it might be a good time to jump in. We will go bit longer as it has historical evidence to go much higher level if waited patiently.
Note- It is not at all a recommendation, Please do your due diligence before investing.
Inverse Head & shoulders in BHEL.We can see on the weekly timeframe, the stock has been consolidating for two years, forming an Inverse Head and Shoulders pattern.
On the daily timeframe, there's a breakout with a smaller candle above the Neckline. However, there's a possibility of a fakeout, so we'll wait for a strong confirmation.
We'll enter the trade only when there's a bigger green candle than the previous one and should sustain above the line as that would be our trigger.
If the trigger is met, we can consider going long on the stock. Our target would be to achieve more than a 15% gain, while setting a stop loss at 8% to manage potential risks.
Buy- 102
Target- 120
Stoploss- 94
Note- I am not SEBI registered, Please consult your adviser before Investing.
Kokuyo Camlin Ltd - Long Setup, Move is ON...#KOKUYOCMLN trading above Resistance of 110
Next Resistance is at 130
Support is at 81
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
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.
Pennant Pattern Breakout of Aarti Industries LtdAarti Industries Ltd
Key highlights: 💡⚡
✅On 30 Minutes Time Frame Stock Showing Breakout of Pennant Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 528+.
✅Can Go short in this stock by placing a stop loss below 505-.
Target 1 and 2 achieved in Colagte | 5.5% MoverThis idea is a follow-up to Colgate.
You can check the Link to Related Ideas ( Detailed analysis done in 22nd Aug Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.
ENDURANCE TECHNOLOGY ( EDUCATIONAL PURPOSE ONLY)
There is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY)
ENDURANCE TECHNOLOGYwith target of RS 1260CMP IS RS 1239.05
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR RS 1100
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Share Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED
NAGARJUNA FERTILIZER AND CHEMICALSLTD ( EDUCATIONAL PURPOSE ONLYThere is no guarantee in stock market and Nothing over week
Always Invest or trade according to your loss bearing capacity
STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY)
NAGARJUNA FERTILIZERS AND CHEMICALA LTD. with target of RS 20 CMP IS RS 16
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR RS 13
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom.
M B PANDEY
Student of Share Market since 2015
B.Sc. (MATHS & PHYSICS)
Disclaimer: I AM NOT SEBI REGISTERED