Jindalstel (targets-475,495)can buy at cmp.
do support me for quick and simple trade.
hope you like it.
keep it simple.
Stocktobuytomorrow
Ultratech Cement: Inverted Head and Shoulder breakout
Ultratech Cement ( NSE:ULTRACEMCO ): Inverted H&S in weekly chart
Trade Plan:
Cash :
BUY at CMP.
Add more at 6900
Place SL at 6615.
Revise the SL at 7350 when share touches 7650.
Further, if share breaks out 7800, tighten the SL to 7600.
Book long at 8000.
Option :
1. Naked Call Buy : Ultratech 7300 Jan-25 call option at 100, with SL:65, T: 150.
Lot: 100 shares. (So calculate the risk also if you want Options).
2. Bull Call Spread :
BUY 7200 Jan-25 call.
SELL7800 Jan-25 call.
Breakeven is 100 point upwards with 1:3 RR. Margin: 25k.
Ramco Cement: Rising Wedge breakoutNSE:RAMCOCEM has a rising wedge (ascending triangle) breakout with the ok volume and momentum is also high.
Trade: Buy above 702, SL: 696, T: 707/710
Sell below 695, SL: 700, T: 690/685
BAJAJCARE: Cup and Handle Breakout with momentum and volumeNSE:BAJAJHCARE shows a bullish pattern formation:
A cup and handle formation
Breakout from the supply zone
Volume high
RSI heading towards 70+ (overbought)
Trade : Buy above 430, SL: 412, T: 442/455
Sell below 410, SL: 425, T: 400/385
RADICO: Very Bullish candlestick breakoutNSE:RADICO is breakout ready because of:
Continuous bullish candle formation with increasing volume and thus breaks out the rectangular consolidation zone.
A triangle patten formation is clear
Volume is very high (actually heighest)
RSI is just crossing 70 mark (OB region)
Trade : Buy above 1152, SL: 1120, T: 1185
Sell below 1100, SL: 1120, T: 1075
Kalyani Steel - KSL : Breakout with momentumNSE:KSL is showing bullishness with momemtum because of:
Cup and Handle Breakout Ready
Very High Volume
RSI is just entering the overbought region
Overall Steel sector is bullish
Trade: Buy above 354, SL: 344, T: 364/370
Sell below 324, SL: 330, T: 315/309.
Tilak Nagar Industries Ltd (TI): Double Bottom PattenNSE:TI is showing bullish price actions:
Technical Reasons:
A double bottom W patten is created
Tried to see if it's a Harmonic XABCD patten, not fully complying with this
Volume is going up,
Current trend is uptrend
Strong Momentum: Price above short-, medium- and long-term moving averages
Fundamental Reasons:
1. FII / FPI or Institutions increasing their shareholding
2. Negative to Positive growth in Sales and Profit with Strong Price momentum
3. Highest Recovery from 52 Week Low
4. High volume
5. Consistent Highest Return Stocks over Five Years - Nifty500
Trade : Buy above 110, SL: 106, T: 114/117
Sell below: 104, SL: 107, T: 100/97
PCBL: Rounding Bottom BreakoutNSE:PCBL is showing the following bullish patterns:
A rounding bottom formation (saucer pattern)
The current price action is negotiating a long term resistance, about to breakout.
Volume is double than the average volume for last two sessions
The price is above the adaptive moving average and in uptrending
Trade: Buy above 144, SL: 140, T: 147/152
Sell below: 138, SL: 141, T: 135/130
Equitus Small Finance Bank: Breakout with volumeNSE:EQUITASBNK shows bullishness because of:
A clear rectangular consolidation brakout
High volume
The daily candle is bullish engulfing with the low touching the bottom of the channel (but still able to pass the mid point, near to top channel)
Trade: Buy above 58, SL: 56, T: 65/68
Sell below: 54, SL: 57, T: 51/48
NACL: Rounding Bottom Breakout with volumeNSE:NACLIND is showing bullishness because of:
A 6 months long rounding bottom breakout with very high volume sprout
A recent rectangular breakout.
High volume buildup in last 3 sessions, the build up is increasing.
Trade: Buy above 100, SL: 96, T: 105/107.50
FACT: Factually BullishNSE:FACT is showing a bullish breakout with the following:
An 8 month long resistance line is broken out.
See the volume build up over last 4 sessions. Awesome.
Fertilizer space is anyway bullish.
Trade: Buy above 155, SL: 150, T: 160/164
JKTyres: Range BreakoutNSE:JKTYRE is showing a good range breakout with very high volume spout.
The symmetrical triangle as well as rectangular range is broken out with high volume.
Trade: Buy above 199 (today's closing), SL: 188 (today's 61.8% Fib Range), Target: 205, 210 (Higher order Fibs)
GIC Housing Finance: Breaout ReadyNSE:GICHSGFIN shows two features making it perfect for breakout.
The price has crossed the 200 DMA and the now 21 DMA is crossing the 200 DMA, indicating a bullish trend reversal.
The daily candle is bullish engulfing.
Trade: Buy above 159, SL: 154, T: 162/165
Kotak Bank: Pennant BreakoutNSE:KOTAKBANK shows a nice long-term pennant brakeout.
It's breaks out above a long term falling trendline with high volume.
Also today's candle is Bullish Marubozu (Open = Low).
Trade: Buy above 1977, SL: 1930, 2040
LA OPALA: Inverted H&S breakout readyNSE:LAOPALA has the following properties
An inverted Head & Shoulder pattern created.
High Volume
A nice consolidation after that and trying to break it out.
Trade: Buy above 430, T: 490, SL: 410
Sundaram FastnersA Very nice Cup&Handle breakout patten is observed.
Trade: Buy above 970, SL: 950, T: 994
Supreme Industries: Breakout Ready with volumeBullish on NSE:SUPREMEIND
Cup&Handle formation
The long term resistance line is broken with good volume build up.
Long with a SL of 2140, T1: 2350/2460.
Wait for the price to retest the 2170 level. If it stays above, go for it.
Bullish Breakout: Deepak FertilizerMany reasons:
Inverted Head & Shoulder breakout with Very High volume surge.
Ascending triangle pattern breakout.
Strong Buy with a SL of 900 for a target of 1000.
Castrol India : Bullish Breakout readyAfter 4 bullish candles, there is a bearish candle. But today's green candle formation creates a nice Bullish Tweezer Patten with considerable volume.
It is also broken a resistance level of 124.
Buy above 125.50 with a SL of 123 for a target of 130.
Astra MicrowaveAfter Breakout of 17 year consolidation
Tight range volume buying is visible on charts with heavy volume on right side of chart
Best buy 295-300
Target for both shortterm and long term are mention on chart
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