CRAFTSMAN AUTOMATION - Swing Trade Analysis - 16th June #stocksCRAFTSMAN AUTOMATION (1W TF) - Swing Trade Analysis given on 16th June, 2024
Pattern: CUP & HANDLE
- Weekly Volume Buildup at Resistance - Done ✓
- Weekly Resistance Breakout - In Progress
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Swingtrade
Good BO possibleGreen Line = BO (a close above 351)
Redline = SL (a close below 326)
Blue line = Target Potential
T1 = Target one, could face some resistance here. Once this is broken the above T2 becomes a possibility. Could book half at T1 and trail the rest.
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Honasa - Swing Trade #honasa #breakoutstock #trendingstock #swingtrade #swingtrading
Honasa - Swing trade
>> Breakout candidate
>> Trending stock
>> Good Recent volumes
>> Good Risk Reward
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
REVERSAL FOR ROSSARI BIOTECH - LONGOverall target of 13% with TG1 of 6% and TG2 of 13%
Buy at CMP - 688-693
TG1 - 728
TG2 - 781
If price level comes near 662, then BUY more.
Disclosure - I am not a SEBI registered analyst. Information provided here is only for educational purposes. I will not be responsible for any of your profit/loss.
MOTHERSON SUMI - Swing Trade Analysis - 14th June #stocksMOTHERSON SUMI (1W TF) - Swing Trade Analysis given on 14th June, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
MANKIND, Important LevelsCurrently we are in the downtrend.
The price has given the breakdown of the bands.
The price could test the lower level of 2,056
CMP:2,127.50
R1:2,200 | R2:2,299
S1:2,056 | S2:1,931.35
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Swan Energy - Breakout Soon#swanenergy #Swingtrade #breakouttrade #patterntrading #Symmetricaltrianglepattern
Swan Energy (swing trade)
>> Breakout candidate
>> Symmetrical Triangle pattern
>> Risk Reward favorable
>> Good strength in stock
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
EQUITAS SMALL FIN BANK - Picture perfect 'W' setup w/ 40% upsideOverview & Observation:
1. Double-bottom formations.
2. Moving with W Demand.
3. EMAs support taken confirming the up trend momentum.
4. RRR is favourable
Trade Plan:
1. Entry = Marked blue line
2. SL = 6-7% Marked red line
3. TP = 40% Marked green line
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
GUJARAT GAS - Strong bullish BO: Expecting 30% ROI!Overview & Observations :
1. Moving up from the 50% Fibonacci support level.
2. Volume Confirmation: Good volume on the breakout candle.
3. Price structure indicating upward momentum. Forminh HL-HH
4. Good rejection candle in W tf means, buyers are strong and dominant.
5. The RRR (Risk:Reward Ratio) is favourable.
6. Steady earnings growth, with good quarterly results potentially triggering a strong move.
Trade Plan:
- Entry: At CMP around 600
- Stop Loss: 10-15% below the entry on closing basis.
- Target: Aiming for a 50% upside potential and TP
- Stay updated for further insights and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Muthoot Finance - Risky 1:3 RR bet based on BO1. Volumes are low
2. Risk of BO failure
3. For now prices are sustaining above the BO level that's a good sign
4. Below Dz will be the best area to go long.
5. Trade with 10% SL
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
SANOFI - Multi year breakout setup - Swing/InvestmentThe analysis is done on Weekly TF hence price may take few weeks to several months in order to reach the targets.
Trade setup is explained in image itself.
Also look at the charts of its peers analysed in below link
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.
ABBOTINDIA - Short term trade based on tightness in priceThe 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.
One should also look at its peers in Pharma sector for more opportunities -
check below charts -
#CIPLA
#STAR
#SANOFI
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.
Apollo hospitals positional trading ideasIt is forming a falling wedge pattern. inside the falling wedge, there is a double bottom pattern you can see.
Stock is in a up trend.
it also retesting the weekly breakout level.
If it breaks the wedge pattern upside. it may go higher.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets. Do your own analysis or consult your financial advisor before making any investment decision.
LALPATHLAB [Head and Shoulders Pattern]A trendline has been drawn showing the expected bullish trend (green solid line), with an alternate path shown (blue dotted line) indicating potential short-term fluctuations before reaching the target.
1)Head and Shoulders Pattern:
Left Shoulder: Formed around June 2022.
Head: Formed around October 2022.
Right Shoulder: Formed around February 2024.
Neckline: The horizontal resistance line around the 2,800 level, which is crucial for confirming the pattern.
The stock has recently broken above the neckline (around 2,800), indicating a potential bullish reversal.
The target price is calculated by measuring the distance from the head to the neckline and projecting it upward from the breakout point.
The approximate target price, considering the height from the head (1,800) to the neckline (2,800), would be 2,800 + 1,000 = 3,800.
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"Disclosure : I am not Sebi-registered ." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks