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SBICARD: Preparing for a breakoutSBICARD: LONG TERM INVESTMENT IDEA: Stock listed during corona-crisis and bottomed out in May-2020. After that stock gave a decent return in next one year and made a high of 1165 in Sep'21 when Nifty peaked. From there stock corrected lower and again reached to the listing price range and started showing some early signs of reversal. The current prices action suggests that stock is looking good for new all time high. Buy and hold for long term perspective keeping SL of 600 (Clbs).
Tilaknagar IndustriesTI
Classical Ascending Triangle Pattern Breakout
Stock breaks the resistance at 290 levels and gave a close above 300 in daily timeframe today
Can be bought if it retraces to 285 - 295 levels in future for a better risk reward
Interesting Buying volumes can be seen from last two weeks
ANOTHER RALLY IN ADSL?"ADSL" is now getting ready for another rally in making a new ATH. There is a good short-to-mid term swing opportunity in this stock, but before this, we need to plan our entry. Two levels of entry is possible here:
a. The stock is undergoing a retracement in a lower timeframe (hourly), which should retest the previous resistance level of 254. A good entry should be at the time of retest which gives us a good risk-to-reward ratio.
b. Another entry, which is in fact a more generic and safe, is when price breaks the recent swing high of 278.
Targets are calculated using ABCD Pattern of Harmonics: In case "a", the targets are almost 27% and 35% respectively from the entry point. In case "b", the targets are almost 17% and 24% respectively.
So, keep this in your watchlist!
Technical Analysis for Heranba Industries Ltd.:Technical Analysis for Heranba Industries Ltd.:
Trade Type: Swing trade for 6-12 months
Chart Pattern: Breakout of neckline
Entry Strategy:
Buy half quantity at Current Market Price (CMP)
Buy the remaining half on a retest or below ₹360
Stop Loss (SL): ₹392 for risk management
Target: ₹845
This strategy aims to capitalize on the breakout while managing risk through staggered entries. Monitor price action closely and adjust the stop loss as needed.
#HeranbaIndustries #TechnicalAnalysis #SwingTrade #StockMarket #BreakoutTrading #TradingStrategy #RiskManagement
Technical Analysis for Poonawalla Fincorp:
Current Market Price (CMP): ₹387
Trade Type: Swing trade for 6-12 months
Stop Loss (SL): ₹330 for risk management
Targets:
Target 1: ₹500
Target 2: ₹600
Monitor the trade regularly and adjust the stop loss as the trade progresses. Evaluate price action for potential target achievements.
#PoonawallaFincorp #TechnicalAnalysis #SwingTrade #StockMarket #TradingStrategy #RiskRewardRatio
TREND REVERSAL IN DYNEMIC PRODUCTS LTD"Dynemic Products Ltd." is about to change it's overall structure on monthly basis (bullish). In near time, we can see it touching it's ATH and also, making a new lifetime high. This is going to be a mid-to-long term swing trade.
Wait for a strong breakout on weekly basis for entry and volume should be a vital parameter to look for during breakout. The low of the breakout candle should be the stop loss. Target 1 (494) is calculated according to price action (previous swing high), and Target 2 is calculated using the XABCD Pattern of Harmonics. So, please do keep this stock in your watchlist.
MAJOR TRENDLINE BREAKOUT IN WIPRO ABOVE 530Wipro is giving a major trendline breakout at the level of 530. It is a signal of long in wipro. We can buy this stock at the current level@535 with aSL of 495 on closing basis. Target will be 590 & 640 respectively in a very short term. More upside potential possible up to the level of 700.
BUY PLAN IN UJJIVAN SMALL FINANCE BANKDISCLAIMER:- This is not an financial advice, I will not recommend anyone to buy/sell
any assets just based on this. Please make your own analysis.
TRADE ANALYSIS: -
- Fundamentally stock seems to be good. Financial sector has been beaten down for a while. I personally believe in sectoral rotation and time has not yet come for financial sector. While financial sector seems bullish in near future, stock like UJJIVANSFB can give good returns as its relatively undervalued and has lot of potential to upside. Big funds such as FII and DII, both has been accumulating this stock for a while.
- Technically I see a cup and handle pattern being formed in longer timeframe
BEST TRADE YOU CAN TRADE THIS YEAR THE POKARNA Stock is ready for breakout at level of 950 to buy
fii and dii increse thir holding continusoly
stocks deliver good financialsupport to technical
stock form 2 year of cup with strong breakout now
if you see on weekly candle aftera breakout candle pause nad then ready to buy
#RUBYMILLS on the weekly chart analysis#RUBYMILLS Weekly Chart Analysis 📊
◽️ Volatility Contraction : A tightening of price range has been observed.
◽️ Volume Surge : Recent increase in trading volume suggests growing interest.
◽️ Breakout Potential : Breakout with volume confirmed on both weekly and monthly timeframes.
◽️ Short-Term Target : Potential for a 25-30% move, with a target around 30%.
📌 Disclaimer : This analysis is for educational purposes only and is not a buy or sell recommendation.
Keep an eye on this one! 📈
Keep learning. All the best.
CUP AND HANDLE PATTERNThe above weekly chart shows that the price has formed a cup & handle pattern in the last 2 years. If this pattern continues we can expect a breakout on the charts.
MACD is showing a likely crossover too. Possible targets may be 1600/1800 or even more.
As long as it sustains above 1300, this setup remains relevant.
Decide your exit levels according to your position sizing and risk-management. This illustration is only for learning and
sharing purposes, not a piece of trading
advice in any form.
All the best.
Short Term Swing Trading Idea in Hindustan Zinc for 30% UpsideHi,
NSE:HINDZINC has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily, 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.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
UPTREND CONTINUATION IN ITC"ITC" is showing higher-highs in it's monthly chart which shows that the stock is in perfect "Uptrend'. It is getting ready for another rally and the next uptrend will continue above 510 (Let a daily candle close above the Entry point). Keep stop loss at the latest swing low in hourly chart. Target is calculated using ABCD Pattern of Harmonics, which is almost 17% on the deployed capital.