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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.
NSE:SANGHVIMOVLong
by raigvivek
Daily Bullish Flag Breakout in UNO MINDAHi, NSE:UNOMINDA 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 and weekly time frames. In the current market scenario I am expecting that the bullish momentum will continue. Complete price projection like entry, stoploss and targets mentioned on the charts for educational purpose. Please share your feedback or any queries on the study. Disclaimer: Please consult your financial advisor before making any investment decision.
NSE:UNOMINDALong
by raigvivek
Nifty witnessed correction for 4th straight sesion Nifty remained in negative trend in today's session & closed near 22700 level Market continued with its correction phase for another session Investors seek to book profit in Mixed Global cues & ahead of imp US PCE Core data. A Bearish candle is formed on daily chart The imp upside hurdle is placed around 22850/900 level whereas downside support is around 22600 zone Track for price to form Price Action Patterns at Imp Levels, However market may show volatility during the last phase of elections Keep Tracking Charts *For Educational Purpose Learn & Practice Price Action setups
NSE:NIFTY
by Himanu_HATradeTalk1
Balaji Amines formed BIg candle after Q4 Results Wihin 30 mins, the stock formed a significant candle of 12% Increased volatility around stock earnings is a common phenomenon in financial markets. As companies release their quarterly or annual earnings reports, BIg investors eagerly anticipate the results, which can lead to heightened trading activity. Positive earnings surprises may cause a surge in buying activity, driving up stock prices, while Negative surprises can trigger selling pressure, leading to price declines. Consequently, during earnings seasons, markets can experience sharp movements in stock prices therefore short term trading becomes Risky
NSE:BALAMINESEducation
by Himanu_HATradeTalk1
1
Budding Opportunity:Jyothylab -Bottom Formation Signals ReversalTraders, take heed! Jyothylab is presenting a compelling bottom formation on the charts, hinting at a potential reversal in its fortunes. Supported by robust volume and the underlying strength of the pharmaceutical sector fundamentals, this could mark an opportune moment to consider a position in Jyothylab. Technical analysis reveals a clear pattern indicating a bottom formation, suggesting a shift from bearish to bullish sentiment. Coupled with favorable volume dynamics, this signals increased market interest and potential upward momentum in the stock. However, prudent risk management is essential. Before diving in, ensure thorough analysis and consultation with your financial advisor to align your investment strategy with your financial goals and risk tolerance. Stay vigilant, stay informed, and consider Jyothylab for your trading portfolio.
NSE:JYOTHYLABLong
by Sanil1912
"Bullish Setup: Bajaj Consumer Care Swing Trade"Bajaj Consumer Care, a prominent player in the personal care products sector, is exhibiting a compelling chart pattern – a rounding bottom formation. This pattern suggests a gradual shift in momentum from bearish to bullish, indicating a potential reversal in the stock's direction. Accompanying this pattern is evidence of good accumulation, indicating that institutional investors and traders are steadily acquiring shares, which further supports the bullish sentiment. For swing traders eyeing an opportunity, initiating a long position could be a strategic move. However, it's crucial to exercise caution and consult with a financial advisor before executing any trades. Here's a tentative plan for a swing trade: Entry Point: A suitable entry point could be upon confirmation of the rounding bottom pattern with a break above the pattern's resistance level. This breakout should ideally be accompanied by strong volume, confirming the validity of the bullish reversal. Stop Loss (SL): To mitigate risk, a stop-loss order could be placed slightly below the pattern's low or a significant support level. This level should be determined based on the trader's risk tolerance and the stock's volatility. Target Prices: Potential target prices can be identified by measuring the height of the rounding bottom pattern from its lowest point to the resistance level. This measurement can then be added to the breakout point to estimate potential upside targets. Additionally, key resistance levels and psychological price levels can serve as additional targets. Remember, swing trading requires diligent monitoring of price movements and market conditions. It's essential to adjust your trading plan accordingly as the trade progresses and to adhere to your risk management strategy. Lastly, while chart analysis can provide valuable insights, it's imperative to supplement technical analysis with fundamental research on the company and industry trends before making any trading decisions.
NSE:BAJAJCONLong
by Sanil1912