Short Term Trading Opportunity in Mahindra Life for 15% upsideHi,
NSE:MAHLIFE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Swingtrading
SWING IDEA - GRASIMGrasim Industries , a prominent player in the Indian conglomerate landscape, presents an intriguing prospect for swing traders, as evidenced by a convergence of technical factors signaling a potential upward rally.
Reasons are listed below :
The repeated testing of the 2175 level underscores its significance as a critical support/resistance zone. With the recent breach accompanied by strong candle activity, the stage is set for a significant market movement.
A bullish engulfing candle, spanning daily price action over the past two months, serves as a powerful signal of bullish momentum, marking a pivotal juncture for traders.
The presence of the 50-day Exponential Moving Average (EMA) as a support level on the daily timeframe adds further credence to the bullish outlook.
Elevated trading volumes serve as a corroborating factor, indicating heightened market participation and conviction behind the price movement.
The recent breakout from a two-month consolidation phase signifies a significant shift in market dynamics. Such breakouts often herald the onset of a new trend or the resumption of an existing one, presenting lucrative opportunities for traders to capitalize on directional movements.
The consistent formation of higher highs underscores the underlying strength of the uptrend. This pattern of ascending peaks reaffirms the prevailing bullish trajectory, offering traders confidence in the sustainability of the upward momentum.
Target - 2360 // 2575
Stoploss - Daily close below 2045
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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SWING IDEA - HFCLHFCL emerges as an attractive swing trade prospect, combining technical strength, breakthrough dynamics, and heightened market participation. Traders eyeing potential opportunities should keep a keen eye on these developments, as HFCL navigates its path in the market.
Reasons are stated below :
After enduring multiple tests at the 92 levels, HFCL has successfully broken through, signifying a notable shift in market sentiment.
A noteworthy spike in trading volumes accompanied the breakthrough, underscoring heightened market interest and potential sustained momentum.
The stock is exhibiting a pattern of forming higher highs, a crucial sign of an ascending trend and an encouraging signal for traders.
A strong bullish candle on the weekly timeframe serves as a powerful breakout signal, further affirming the positive trajectory for HFCL.
Adding to the bullish narrative, HFCL exhibits a robust 900-day consolidation, reflecting stability and resilience in the face of market fluctuations.
Target - 121 // 153
StopLoss - weekly close below 82
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Short Term Trading Opportunity in Reliance Ind or >7% upsideHi,
NSE:RELIANCE has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
JMA good VCP seen after a breakout...swing entrygood quality VCP seen after a long base support area
institunal footprint seen in accumulation
1:1 risk remove by 1\3 porion dump
blue- entry, red-SL, pink- 1st target& risk remove, green- mark new SL to blue area after reach this...long swing if every thing going well
good positional entry setup avantifeed...good swing may happen1) breakout from a long base then VCP pattern seen
2) respecting previous support area as box marked
3) previous long base and in this VCP seen strong evidence of institutional accumulation/large operator may be (waycoff principle)
4) 4 marked risk managed system with trailing and pyramiding...only full exit made if some unusal happen
5) will comment in future if going according to plan
PNC INFRATECH - Swing Trade Analysis - 8th July #stocksPNC INFRATECH (1D TF) - Swing Trade Analysis given on 8th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
#pncinfratech #niftyinfra #nifty500
RAILTEL - Swing Trade Analysis - 23rd June #stocksRAILTEL CORPORATION OF INDIA (1W TF) - Swing Trade Analysis given on 23rd June, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Swing Trading Opportunity in HUHTAMAKIRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Technical Analysis for Laurus Labs:Chart Pattern: Breakout of Supply Zone
Volume: Good volumes with a bullish candle closing
Trendline: Breakout of trendline as well
Entry Strategy: Buy at Current Market Price (CMP) ₹477
Stop Loss (SL): ₹410 for risk management
Target: ₹711
Trade Duration: Swing Trade for 3-6 months
Technical Analysis for HCCChart Pattern: Bullish Pennant
Breakout: Resistance with good volume
Entry Strategy: Buy at Current Market Price (CMP) ₹48
Stop Loss (SL): ₹37 for risk management
Target: ₹98
Trade Duration: Swing Trade for 3-6 months
#HCC #TechnicalAnalysis #BullishPennant #BreakoutTrading #StockMarket #SwingTrade #TradingStrategy #VolumeAnalysis
INDBANK analysis!The stock initially formed a head and shoulders pattern following a bullish trend. Typically, at the right shoulder, the price was expected to decline. However, instead of forming the right shoulder, the price broke upward and moved aggressively higher. This sudden upward movement indicated a strong demand zone. The price then pulled back to this demand zone, successfully showing a reversal, confirming the bullish trend. Overall, the chart looks promising for a swing trade.
JUNIPER HOTELS LTD - Strong Reversal on the wayNSE:JUNIPER
Company Profile
Juniper Hotels Ltd. engages in the hotel operations. It identifies and acquires sites to develop its hotels and serviced apartments. The firm's portfolio includes Grand Hyatt Mumbai Hotel and Residences, Andaz Delhi, Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow, Hyatt Raipur, and Hyatt Place Hampi. The company was founded by Arun Kumar Saraf on September 16, 1985 and is headquartered in Mumbai, India.
Technical Factors.
1. Major Support Area- the price has reversing for 2nd time from the listing price level, which formes a good demand zone.
2. the last fall is on very low volume shows sellers are exhausting.
3. In the last session it has broken the resistance trendline and very narrow range base with more than average volume.
4. Our entry is above the major swing high @458, which is also a horizontal resistance area.
5. Short term players can keep a small stop around 415 zone and long term players can accumulate more at demand zone with a stop below listing price on weekly closing basis.
Fundamental factors
1. The company is performing well and now its doing a turnaround from loss to profit
2. operating margins are improving
3. the company has reduced the debt significantly and also received healty rating from credit rating agency.
The Traget levels are mentioned on chart.
Note:- Always use position sizing to know how much quantity to enter in.
Keep Learning,
Happy Trading.
YESBANK (fibo )YESBANK
SL compulsory.
This Elliott Wave theory and understand how to effectively trade using this technique. Ralph Elliott discovered a very important pattern in the markets in early 20th century.
yes bank move with high volume with breakout still wait for retext .
targets and sl asper fibo .
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RESTAURANT BRAND ASIA - Swing Trade Analysis - 6th July #stocksRESTAURANT BRAND ASIA (1W TF) - Swing Trade Analysis given on 6th July, 2024
Pattern: FALLING WEDGE BREAKOUT
- Weekly Resistance Trendline Breakout - Done ✓
- Weekly Support Zone Retest & Consolidation - Done ✓
- Strong Pullback candle with Volumes after consolidation - Done ✓
- Demand Zone retest for a Small SL and a better RR - In Progress
* Disclaimer
SWING OPPORTUNITY IN GOLDIAMRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
TO CONNECT WITH ME CHECK OUT MY BIO.
If you like this Idea, Please do like my ideas and share it with your friends. check my bio.
Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis.
Thank you
SHORT TERM SWING OPPORTUNITY IN MTAR TECHNOLOGIES LTD."MTAR TECHNOLOGIES LTD" is about to change it's weekly structure with a trendline support valid since 2021. Confirmation is above 2200 on closing basis. If the trade goes as planned, it is going to give a return of almost15% which is good. Stop loss will be planned once entry is activated. Target is calculated using the XABCD Pattern of Harmonics. Profit should be booked between 2500 and 2543 as it happens to be the PRZ area of the XABCD Pattern. Above 2600, it is going to test it's ATH again.