PAGEIND - Multi-year Retest Zone - Investment/Swing tradeThose who study charts on regular basis, would be familiar that when a stock price breaks its ATH level on a higher Time frame, in majority of cases, it goes much above that level. Similar is the setup in this stock which has been in uptrend for quite long and has shown strength even during market correction recently.
The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Swingtrade
Swing trade opportunity in NOVARTINDSwing trade opportunity in NOVARTIND
Entry - 587.50
Targets - 640
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
Profiting from Breakouts: KPR Mill SpotlightOn Daily Chart there is a very good breakout , retrace and again breakout on KPR Mill
with a small stop loss of 575
CMP 604
can expect 1st Target 685
2nd Target 766
KPR Mill fundamentally strong company
The company has shown a good profit growth of 36.22% for the Past 3 years.
Company has been maintaining healthy ROE of 25.70% over the past 3 years.
Company has been maintaining healthy ROCE of 28.78% over the past 3 years.
Company has a healthy Interest coverage ratio of 74.15.
The company has a high promoter holding of 74.78%.
The company has a strong degree of Operating leverage, Average Operating leverage stands at 9.68
One of the Best combination of technical and fundamental
" Please do your own analysis before take a trade"
Trade Idea on Ambuja Cement with Price action notes In the above chart, the price action goes like this.
1) 50-60% Fibo retracement zone - Stock after a substantial fall getting lots and lots of demand from this zone
2) Its fibo retracement - Used from a swing low to swing High
3) Its called a counter trendline - stock currently getting demand on the extended CT, as a result of breakout and bigger time frame retest
4) It's called a trendline, made from a swing low point to another swing low, extended forward, giving a demand zone
5) Its called a Confluence zone, Candlestick pattern is bullish pressure, lower wick multiple rejection on W time frame and cluster of many other demand areas
6) 3 Yellow lines are potential Target zones from CMP.
Narayana Hrudayalaya Ltd | Long | Above 800
-Cup and Handle Pattern
-Increasing volumes
-Increased Revenue and Profit
-Increasing Market Share
-Net Income higher than industry
-New acquisitions by company
Buy once close above 800
Target1- 872
Target2- 920
Target3- 970
SL - 760
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Oriental hotels | Long | Breakout Retest | CMP 79.70Oriental Hotels CMP-79.70 3 March 2023
1. Retest support after forming ATH
2. Consolidated at 200 EMA
3. Channel Breakout
Buy above 81
Target1- 87.20
Target2- 92.80
Target3- 98.45
SL - 75.90
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
UPL Swing TradeUPL has formed Double Bottom Pattern. Which is a bullish pattern and it may form W pattern. So we can take swing trade here.
Entry:
We can go long when price gives breakout above the resistance zone with strong bullish candle.
Target:
We can keep target near the next resistance which will be also the neckline of W pattern as marked on chart.
Stoploss:
We can keep stoploss below the resistance zone.
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ABCAPITAL - Breakout of Triangle Pattern - SwingThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Monitor IOC on 2H Chart for an opportunity of Swing TradeTechnical Analysis on 2H time frame.
Figure 1
1) I use EMA of 20, 50, 100 and 200 periods.
2) The moving averages are contracted in a very symmetric way.
3) The 20, 50 and 100 ema lines are almost on the same level.
4) The resistance comes on the level of 81
Figure 2
1) On 17 Feb we got the breakout of the triangular pattern.
2) The price tested its resistance of 81 but failed to give the breakout.
Figure 3
1) Bollinger bands are squeezed and a long pipe-like structure is formed.
2) The upper band is on the level of 80.65
Conclusion:
- Wait for the breakout of the resistance 81.
The overall structure of the stock looks very promising. We only need to monitor it regularly so we do not miss the opportunity.
Thanks
Er. Simranjit Singh Virdi