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IRFC - Swing Trade Analysis - 6th July #stocksIRFC (1W TF) - Swing Trade Analysis given on 6th July, 2024 Pattern: CUP & HANDLE SETUP - Weekly Resistance Trendline Breakout - Done ✓ - Strong Pullback candle with Volumes - Done ✓ - Weekly Support Zone Retest & Consolidation - Done ✓ - Demand Zone retest for a Small SL and a better RR - In Progress Please Note: - This is a re-entry setup analysis that we are getting into for a quick swing trade - We had already achieved 30% in this trade from our previous analysis of IRFC in March 2024 & were stopped out with our TSL - Just riding the trend of the Railways sector again - Stop Loss is mandatory for the trade * Disclaimer
NSE:IRFCLong
by TradeRyteStockz
THE RAMCO CEMENTS - SEIZING THE LONG SWING OPPORTUNITYSymbol - RAMCOCEM Ramco Cements is currently trading at 772 730 - 770 is a good support area for The Ramco Cements. I'm seeing a trading opportunity on buy side. Buying Ramco Cement Futures at CMP 772 I will be adding more if 745 comes & hold with SL of 730 Targets I'm expecting are 812 - 845 - 930 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:RAMCOCEMLong
by akshit_official
Detailed Technical Analysis of SJVN LTDKey Observations: 1. Trendline Support: The stock is rebounding from a major trendline support, which also aligns with the support of an upward channel pattern. 2. Volume Activity: There is notable volume action, with current trading volumes being 4-5 times higher than typical daily volumes, indicating strong buying interest. 3. Relative Strength Index (RSI): The RSI is approaching its upper boundary/resistance while the stock price continues to perform well with high volumes. 4. 50-Day Exponential Moving Average (EMA): The stock has decisively bounced off its major support at the 50EMA. Entry point : An entry point around 140 offers a favorable risk-reward ratio. Targets: Target 1: 150, which is the next resistance level. Target 2: 160, near the all-time high (ATH) zone.
NSE:SJVNLong
by saikrishna9999
ITC's Key Support & Resistance: Trade Smartly!Current Scenario: • ITC is currently trading at ₹429.05, showing signs of consolidation. • The stock has tested the support level twice (T1 and T2), indicating strong support around ₹402.90. Key Levels: • Entry Point: ₹416.25 • Stop Loss: ₹402.90 • Target Levels: • Target 01: ₹437.90 • Target 02: ₹444.70 Analysis: • The stock is forming a pattern where it respects the support level, which could be a good opportunity for a bullish entry. • The previous low and support touches suggest that buyers step in around these levels, providing a safety net for long positions. Trading Strategy: • Bullish Scenario: Enter at ₹416.25 with a stop loss at ₹402.90. Look for the stock to move towards the first target of ₹437.90 and possibly extend to ₹444.70. • Bearish Scenario: If the stock breaks below the stop loss level of ₹402.90, it might indicate further downside risk. In this case, it’s advisable to exit long positions to prevent losses. Conclusion: • ITC is showing a well-defined support and resistance structure, offering clear entry and exit points. • Traders can leverage these key levels to strategize their trades effectively, minimizing risk while maximizing potential gains. Keywords: • ITC Stock • Technical Analysis • Support and Resistance • Trading Strategy • Entry Point • Stop Loss • Target Levels • Market Analysis • Stock Trends
NSE:ITCLong
by OptimaltradeX
Nifty 50 Intraday Trade Setup: Breakout Potential with TargetsThe chart shows the Nifty 50 Index on a 15-minute timeframe, displaying a potential long trade setup based on technical analysis. Key features include: Entry Point: The recommended entry point is at 24,247.20. Stop Loss: Positioned just below the entry point at 24,237.95. Targets: Three target levels are marked: Target 1: 24,267.75 Target 2: 24,294.65 Target 3: 24,356.00 Trend Analysis: The chart highlights a trendline with multiple touches, indicating a possible support level. A previous low and two subsequent touches reinforce this trendline's significance. Volume: The volume at the time of the chart is 25.097M, indicating active trading.
NSE:NIFTYLong
by OptimaltradeX
ROTO - RISING WEDGE BREAKOUT (POTENTIAL FOR UPSIDE)Hi All, This is about Roto Pumps Fundamentals: Market Cap - 1680 Cr Stock PE - 42.9 EPS - 12.5 ROCE - 24.4% ROE - 22% Promoter Holding - 67.3% Quick Ratio - 1.35 D/E - 0.27 Technicals: Strong chart since Nov 22. Price action was moving in the pattern of rising wedge but recently given a strong breakout on good volumes which can take the price to higher levels very soon Demand seems to be exceeding supply & should witness less profit booking taking the stock price sharply towards north side Hope you enjoy this idea, Happy Trading, Thanks, Stock-n-Shine
RLong
by Stock-n-Shine
GODREJAGRO - 7 YEAR BREAKOUT (MADE GOLDEN CROSSOVER)Hi All, This idea is about Godrej Agrovet Ltd Fundamentals Mkt Cap - 15600 Cr Sales - 9561 Cr Mktcap/Sales - 1.63 PE - 43 ROE - 15% ROCE - 13.6% Promoter Holding Increased Technicals On the weekly chart, golden crossover is observed where 50 SMA is crossing over 200 SMA which is a positive sign. Price action has broken the resistance zone marked convincingly with healthy volume Observe how moving averages align & expand sequentially eliminating any high volatility in stock. Hope you enjoy this trade, Happy Trading, Thanks, Stock-n-Shine
NSE:GODREJAGROLong
by Stock-n-Shine
AISL - SME STOCK LONG BREAKOUT (SALES > MKTCAP) Hi All, This idea is about ANI Integrated Services Ltd Fundamentals Mkt Cap - 134 Cr Sales - 188 Cr Mkt Cap /Sales - 0.72 EPS - 5.84 ROE - 11.4% ROCE - 13.7% D/E - 0.46 Sales has exceeded Mkt Cap which could mean Stock Price can rise exponentially Technicals Price has broken a long resistance of 75-80 levels and then broken next resistance zone as well. It has diverged a lot from Moving Averages so recommend buy at pull back There has been a consistent uptrend in Sales which is a very positive sign Happy Trading, Thanks, Stock-n-Shine
NSE:AISLLong
by Stock-n-Shine