Sigachi Industries (IPO Base Breakout)Sigachi Industries is giving IPO base breakouts on the weekly and monthly charts. Closing above 63.40 every week can open gates for 77, 93, and 107 levels. Also, a rounding bottom structure has formed on the weekly and monthly charts.
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.
Stocksignals
Ready for breakout - EID ParryEID Parry has made double bottom after about a year of consolidation. Now it is ready to give a breakout which will break its lower-high pattern and give a boost for new highs.
Stock has seen good volumes during past a few weeks, giving confidence for a breakout soon.
CMP: 565
Breakout level : Today's high (579)
SL: 560
Targets : 540 / 700
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
BIG BULLISH FLAG BO IN KPIGREENA Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:KPIGREEN
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful apprication in the NSE:KPIGREEN
MACD gave Positive crossover on Daily chart and weekly chart, So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 1000-1010 levels with the stoploss of Rs. 910 on weekly closing basis. The 1st target will be 1090.10 , 2nd target will be 1180.10 and 3rd target will be 1270.20.
NMDC (12 Year Breakout Candidate)NMDC has given a multi-year breakout. The stock has a possible upside of 210,260,311 in the long run. Also, good volume can be seen on the chart. One can place a stop loss of 152 (M) on a closing basis. 163-170 Can act as a support zone. #NMDC
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.
BHARAT FORGE: CUP&HANDLETrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 930 and keeping a stop loss of 840 , look for the target of 1000/1100in the coming weeks and months.
Buy: CMP
Stop loss : 840
Targets:
Tgt 1: 1000
Tgt 2: 1100
Theory:
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential.
Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory.
Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup.
Volume: There should be a substantial increase in volume on the breakout above the handle's resistance.
Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.
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.
Cup & Handle Breakout in GULFOILLUBA Weekly Bullish Cup & Handle pattern is visible on the charts of NSE:GULFOILLUB
Cup & Handle pattern is a bullish pattern and it is visible on the charts after a meaningful consolidation in the weekly charts of NSE:GULFOILLUB
MACD gave positive crossover on daily, weekly and monthly time frame.
Levels will be posted after the successful breakout.
this study is for educational purpose only.
Weekly Flag & Pole Breakout in Responsive Industries A Weekly Bullish Flag and Pole pattern is visible on the charts of NSE:RESPONIND
Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful apprication in the NSE:RESPONIND
MACD on verge of giving Positive crossover on Daily chart and already positive crossover given on Weekly charts andmonthly chart. So, expecting the momentum to continue.
One can look to create a fresh position in the scrip near Rs. 315-330 levels with the stoploss of Rs. 260.55 on weekly closing basis. The 1st target will be 370 , 2nd target will be 414.10, 3rd target will be 462.20, 4th target will be 506.65 and fifth target will be 550.55.
And finally this study is for educational purpose only.
KEI: an Amazing Swing Trade Pick!KEI Industries: Powering Up with Strong Trends 🚀
Fueling your trading journey! ⚡📈
Snapshot:
KEI Industries Limited, a key player in power cable manufacturing, is making waves. Serving both retail and institutional sectors, their influence is undeniable.
Technical Breakout:
A double bottom pattern breakout in the daily time frame has caught our attention. This pattern can signal a potential bullish surge ahead.
Stay tuned as we keep an eye on KEI Industries for potential trading opportunities! 📊👀
(Note: This is not financial advice. Always conduct your analysis before making trading decisions.)
#TradingView #StockAnalysis #KEIIndustries #TradeSmart
Bullish IndiGoIndiGo price action is looking bullish at this moment. Today price action has confirmed the upside movement. Keep a close watch on it. I entered in it @ 2423 day before yesterday.
Disclaimer - I am not a SEBI registered technical analyst and advisor. Kindly do self analysis before taking trade. Idea is for information purpose only.