Wochardt Ltd, classic Cup & handle break out (Long target ₹1500)Hello trader,
Wockhardt Pharma is showing a promising technical setup with a classic cup and handle pattern breakout, supported by a significant volume spike . This pattern often signals the continuation of an uptrend, suggesting strong buying interest. Additionally, the RSI (Relative Strength Index) is above 60, indicating sustained strength and bullish momentum in the stock. These factors combined make wockhardt Pharma an attractive momentum play for traders, with the potential for continued gains if the breakout holds and volume persists.
Note: This opinion is only for educational purpose, before trade please do your own analysis
Target
Institutional Database Trading #OptionTrading Option chain data is the complete picture pertaining to option strikes of a particular stock or index in a single frame. In the Option chain frame, the strike price is at the centre and all data pertaining to calls and puts on the same strike are presented next to each other.
Options trading is a type of financial trading that allows investors to buy or sell the right to purchase or sell an underlying asset at a fixed price, at a future date. Options trading operates on the basis that the buyer has the option to exercise the contract but is not under any obligation to do so.
TANLA PLATFORMS - Swing Trade Analysis - 15th July #stocksTANLA PLATFORMS (1W TF) - Swing Trade Analysis given on 15th July, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Weekly Resistance Breakout Initiated - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
Please Note:
- Going to be extremely careful with this trade and my SL
- Will do a partial entry and then will add into it when it rises
* Disclaimer
LIC Housing Finance (LICHSGFIN) ATH BREAKOUT.Entry Range: Current price level
Targets:
Target 1: ₹961
Target 2: ₹1290
Stop Loss: ₹729
Trade Rationale:
ATH Breakout : The stock has broken out from its all-time high, indicating strong bullish momentum.
Technical Indicators : Volume
Support Levels : The stock has strong support around ₹729, making it a reasonable stop loss level.
Risk Management : Please make sure position sizing is appropriate to manage risk and follow the stop loss to protect capital.
CIPLA - Swing Trade Analysis - 17th May #stocksCIPLA (1D TF) - Swing Trade Analysis given on 17th May, 2024
Pattern: FALLING WEDGE BREAKOUT (Double Bottom)
- Trendline Resistance Breakout - Done ✓
- Volume Buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
* Disclaimer
Buy SDBL (Som Distilleries) Targets 20-30%Purchase SDBL within the price range of 250-275.
Set targets at 300, 340, and 380, adjusting for the split by dividing by 5.
If the price surpasses 390, the all-time high target will be adjusted to 440.
Hold the investment for 3-4 months, specifically until the peak of summer.
-------------------------- Company News:----------------------------------
In a post-market exchange filing on Wednesday, the liquor manufacturer announced that its Board of Directors will convene on Tuesday, April 2, 2024, to deliberate and sanction the sub-division/split of the company's existing equity shares.
-------------------------- Company Overview:----------------------------------
SDBL stands out in the market due to its diverse range of alcoholic beverages, including beer, rum, brandy, vodka, and whisky. Notable brands under its umbrella include Hunter, Black Fort, Power Cool, Woodpecker, Genius, and Sunny.
--------------------------Technical Analysis:--------------------------
The stock exhibits a pattern of rising during summers and cooling down in winters, indicating a potential for historical repetition. Backtesting over the last 3-4 years confirms this trend.
--------------------------Fundamental Analysis:--------------------------
- Shareholding: Promoters' holdings increased from 34.5% to 34.73% as of December 2023.
- Financial Performance: The company has sustained profitability over the last 2-3 quarters, with earnings averaging between 15-20 crores per quarter. Although there's a slight decline compared to June 2023, anticipating an upswing in prices following the June-July quarter results, potentially yielding returns of 20-30%.
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Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
IEX - Swing Trade - 3rd March #stocksIEX (1D TF) - Swing Trade Analysis given on 3rd March, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #IEX #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia
RELIANCEWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
Uco Bank Analysis!Modification in UCO Bank Analysis
FLAG AND POLE PATTERN FORMATION IN UCO BANK
FLAG Breakout in UCO Bank
Uco Bank made Flag and Pole pattern in Weekly Timeframe But price is still trading inside rectangle(Flag). We have to wait till the price to go up and break the upper side of Flag. If it successfully breaks and closes above 28.55. Then there will be a nice Long trade in UCO Bank.
Entry = Above 28.55
Stop Loss= Below 22.30
Target = Short term 37.95 , Long Term 94
Disclaimer = All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your own research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
Long Avanti FeedsAn inverted Head & Shoulder Chart Pattern Breakout happened on the weekly Time frame of BSE:AVANTI
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Inverted Head and Shoulder
Technical Indicator :- Positive MACD Crossover
INOX WIND will give good returnswe see in the chart that the stock changing its momentum
we will see that the stock will give good returns on the monthly chart
Central resistance zone between 235 to 310 rs approx.(+-5)...above 233 will see a sudden change in north direction...book profit at 300 rs and if broke 310 monthly then the stock will show further momentum
first target:235
second target:305 approx.
sl:165 rs on a closing basis
views are personnel...we are not sebi registered...
Rising wedge pattern reversal in SIEMENS INDIA LTDSIEMENS INDIA LTD
Key highlights: 💡⚡
📈On 1Day Time Frame Stock Showing Reversal of Rising wedge Pattern .
📈 It can give movement upto the Reversal Final target of above 3882+.
📈There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto above 4420+.
📈 Can Go short in this stock by placing a stop loss below 720-.
DJI target 48000 to be touched in june 2024DJI wave theory analysis on weekly basis: presently Dow in wave 1 & making triangle pattern or complex (clue; Dow making HH & HL). whenever DOW will break it BD base trend line ,that time wave 3 has to be started & it should first target 1.68% of wave 1. than it to be take time & correction downside unto 38% of wave 3. again when 4th wave to be completed once its target to be 48000 in 5th wave.
This is educational purpose only