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.
Stocktrading
Marico to take long entryLong Marico after the BO of TL above Rs 545. Stock trading near the 200 EMA level. this is the area of entry. In case stock rejects the area wait to cross the 200 EMA level. A very high probability that stock will bounce back. Good risk to reward trade. This is for your 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
EIHOTEL - Breakout and Retest Setup 🚀Hey Traders! 📢
EIHOTEL is showing a promising Breakout and Retest setup, making it an excellent candidate for swing trading. 📈
**Key Points:**
- Clear breakout from previous resistance.
- Retesting the breakout level, confirming potential support.
- Positive momentum indicators.
- Potential for a significant upswing.
**Trade Strategy:**
- Entry: Above the retest level.
- Stop Loss: Below the support-turned-resistance.
- Target: Aim for a favorable risk-reward ratio.
Remember to conduct your analysis and risk management before entering any trade. Happy trading! 🚀💰
#SwingTrading #StockMarket #TechnicalAnalysis #EIHOTEL #TradingView #SwingTradeOpportunity
DLF Bullish Breakout and Retest SetupDLF, a prime candidate for swing trading! With a breakout and retest setup and the real estate sector on a bullish streak, this stock is poised for potential gains. Stay tuned for our detailed analysis in our upcoming TradingView idea. Get ready for profitable moves! 📈💼
#SwingTrading #RealEstateBullish
Remember to conduct your analysis and risk management before entering any trade. Happy trading! 🚀💰
Hindustan Unilever ready to Fly !! Hindustan unilever showing bullish signs as per 1 Day time frame.
CMP: 2510
the stock is bouncing back from the demand zone and successfully broken out from trendline resistance as per daily time frame chart.
its a good time to accumulate the stock once the price closes above 50 day exponential moving average.
Potential Entry price: 2549 on closing basis.
Target 1: 2740
Target 2: 2970
Stoploss: 2415.
Please note that, This is a long term perspective and may need to hold for 3 to 6 months.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
eClerx Services breakout confirm.Company provides data management, analytics solutions and process outsourcing services to a host of global clients through a network of multiple locations in India, and abroad.
Geographical Split
USA: 67% in FY21 vs 60% in FY18
UK: 6% in FY21 vs 4% in FY18
Europe: 20% in FY21 vs 23% in FY18
Asia Pacific: 7% in FY21 vs 13% in FY18.
EBIT for the period is INR 146.5 crore, down by 9.6% YoY.
Profit after tax for the quarter ended June 30, 2023 was INR 106.3 crore compared with INR 99.2 crore in the corresponding period in the previous year, an increase of 7.2% YoY.
Basic EPS for the quarter ended June 30, 2023 was INR 22.12 as compared to INR 19.98 (adjusted for bonus) in the corresponding period last year.
Warning:- Analysis Posted here is just our view/personal study method on the stock. Do your own analysis or consult your financial advisor before making any investment decision
Bullish BAJFINANCE -W patternKeep a close eye on the stock if sustained this week then we can witness a give a good upside in the coming days. Before breakout stock has formed the w pattern.
Disclaimer - The chart is shared only for educational purposes. Please do not trade ideas without consulting your technical advisor.
Reliance might finally give "Real Breakout"After the swift rally following the covid lows, reliance gained 200% within 1.5 years.
And since then price went sideways. In past 2 years, reliance has given 0% return to those who bought at the top, or to anyone who bought in the range.
This might change in coming period, and we can finally see Reliance making proper breakout, not the fake ones its been making over the past 2 years.
The reason I believe so is because valuations have come to more reasonable level, seen during the covid period lows, not extreme undervaluation but more within the long term range.
And with all the future enthusiasm there is about the business prospects of Reliance. I can easily see the upside coming in.
Valuations are now in the range of 24-25x, down from overvaluation of 36-37x where it topped.
So, yeah, things are falling in place for Reliance to lead once again.
WATCH OUT THE NEXT BREAKOUT. IT MIGHT BE THE REAL ONE.
Zodiac Cloth: Confirmed Inverted H&S Breakout Hi,
A bullish Inverted H&S Shoulder breakout has been observered on Weekly Chart of NSE:ZODIACLOTH One can create a fresh position in the scrip at CMP of Rs. 110 or below with a stop loss of Rs 100 on weekly closing basis and for targets of Rs 120/130.
Exit the position if the stop loss is triggered on DCB.
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Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
Game Changer Micro Cap Swing Trading Radar Game Changer Micro Cap Swing Trading Radar
Those trading in risky and small companies should look at this stock with a positive eye!!