ELGIEQUIP - Ready for the next swingELGIEQUIP - Ready for the next swing with an upside potential of 20% in the next few weeks. The stock has been trading in the channel for the last 4+ years, with a steady upside trend. The stock is also backed with good fundamentals and overall at a good spot to leverage for a nice swing trade.
Swingtrading
TITAN [falling wedge pattern]Pattern :
The chart seems to show a falling wedge pattern , indicated by the converging downward-sloping red dashed lines. This pattern typically suggests a potential bullish reversal .
Support Zone:
The chart highlights a support zone in red at the bottom, where the price has bounced back. This indicates that buyers are stepping in at this level, providing strong support.
Volume Analysis :
The chart also shows volume bars. There is a noticeable increase in volume when the price hits the support zone and starts to move up. This increase in volume often validates the strength of the support and the potential for a bullish move.
Price Projection:
The blue dashed line projecting upwards suggests an expected bullish breakout from the falling wedge pattern.
Based on these observations, the future movement predicted by the pattern indicates a potential upward trend. If the price successfully breaks above the upper boundary of the wedge with significant volume, it could signal a strong bullish trend continuation.
The chart suggests a bullish outlook if the price breaks above the falling wedge's resistance line with strong volume.
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TITAN - 30% upside potential- Here's Why!D TF
Overview & Observation:
1. RRR is favourable (around 1:4 RRR)
2. Good strength in buying
3. Prices rejecting from the demand
4. Double bottom formation in D tf
5. ATH resistance breakout expected.
Trade Plan:
As per the markings on the chart
Entry = CMP
SL = 7%
TP = 30%
- 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
NDTV - An Adani Group stock - 2x Potential!Overview & Observation:
1. Price Structure is bullish.
2. Downside risk is minimal.
3. RR is favourable.
4. Recent quarter earning reports are +ve as well.
5. Multiple confirmations supporting the view & expected to see the price start moving higher from here on but momentum will take some time to built...
Trade Plan:
Entry = Above 273
Sl = 15% close to 230
TP = 500+
- 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
BPCL LONG TRADEThis is my today's (13-06-24) trade on #BPCL .
Booked 1:1
Stock was on strong uptrend,Entry based on Pullback at good Demand zone with confluence of proper signals moving averages and volume.
Overall Market was in sideways today so stock was not giving strong movements.
Then booked 1:1 &close.
Im hoping 1:2 hits tomorrow
KNR CONSTRUCTIONS - MID TERM Analysis - 2nd June #stocksKNR CONSTRUCTIONS (1M TF) - MID TERM Trade Analysis given on 2nd June, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Monthly Resistance Breakout - Done ✓
- Monthly Volume Buildup - Done ✓
- Demand Zone Retest & Consolidation - In Progress
Please Note:
- Entry has to be at the Demand Zone at around 300 (which is also our previous target level which we achieved)
- Next support is at 285
- Ensure to position size correctly
* Disclaimer
HOME FIRST FINANCE - Swing Trade Analysis - 7th June #stocksHOME FIRST FINANCE (1D TF) - Swing Trade Analysis given on 7th June, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
sunTV [cup & handle] SUN TV Network Ltd. (NSE: SUNTV) on a monthly timeframe. The chart highlights a "cup and handle" pattern, which is a bullish continuation pattern . Here's a detailed breakdown of the analysis:
Cup and Handle Pattern:
The chart shows a rounded bottom forming the "cup" and a smaller consolidation forming the "handle."
This pattern suggests a potential bullish breakout.
A volume spike accompanies this breakout, adding validity to the move.
Institutional Activity:
The annotations highlight areas where institutional sellers and buyers were active.
Institutional sellers were active around the peak before the cup formation.
Institutional buyers appear to be active around the breakout area.
Price Targets (TRG):
The chart indicates two price targets based on the breakout.
The first target (1st TRG) is around 1000 .
The second target (2nd TRG) is around 1400 .
Support and Resistance Levels:
The breakout level around 778.95 INR now acts as a support level.
The previous resistance level, where the breakout occurred, is also marked.
Potential Future Scenarios:
Bullish Scenario:
If the breakout holds and the price continues to rise with increasing volume, the stock may reach the first target around 1000
Further bullish momentum could push the price to the second target around 1400.
Bearish Scenario:
If the breakout fails and the price falls back below the support level (778.95 ), the stock could retest lower levels within the handle formation.
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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
Medium Term Trading Idea in Hero MotoCorp for > 20% upsideHi,
NSE:HEROMOTOCO 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.
Heritage foods-A swing trade to watchout forHeritage food has given good move, around 100% returns in past 12 months.
Currently, stock is consolidating and can give good move once breakout of flag is done.
FMCG sector is looking strong and it can support the breakout in this stock.
Do keep in watchlist.
BIKAJI FOODS - Swing Trade Analysis - 1st June #stocksBIKAJI FOODS (1W TF) - Swing Trade Analysis given on 1st June, 2024
Pattern: ASCENDING CHANNEL
- Weekly Resistance Breakout - Done ✓
- Weekly Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
Please Note: This is also at a 4 Month Breakout Level
* Disclaimer
Bajaj Auto positional trading ideaBreakout done with an average volume. If the next candle crosses above the breakout candle, it may go upside further.
the trend is strong bullish.
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.
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.
POLYMED, Hanging Man candlestick pattern formed on the Daily tfAfter a strong uptrend of 37%, now the price has formed a bearish pattern of Hanging Man near the swing high. But we need a confirmation candle to decide our trading levels.
The EMA bands are also indicating for a trend reversal.
Thanks
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
LLOYDSME [CUP & HANDLE]watch on
No more say to every one my chart are talking with you what happen of some days . That patterns may be significant chance to grow up and reach to targets .
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Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
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
AARTIDRUGS [descending triangle pattern bullish]I try new swing trading strategy .. if it work then explain everything to you . all trg open , SL always paid
1) Descending Trendline Breakout: The stock price has broken above a descending trendline, which is a bullish signal. This indicates a potential change in trend from bearish to bullish.
2)Support Zone : There is a significant support zone marked in red between approximately 440 and 470. The stock has tested this zone multiple times and has recently bounced back, suggesting strong support.
3)The stock has just broken out of the descending trendline and is currently around 511.70. This breakout needs to be confirmed with continued upward movement and volume is above of 20ma line like good signal .
4)Based on the chart and technical analysis provided, Aarti Drugs shows potential bullish momentum with targets at 560 and 620. However, it is important to monitor the stock for continued upward movement and volume to confirm the breakout. Keep an eye on the support zones as well to manage risk effectively.
for MORE check in my TradingView ID
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"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