Technical
TATA CHEMICAL moving upward after consolidation 15MTATA CHEM after being traded in range bound area now trading upward, it can go for retest till 925 and can give a good reversal shot with high green volume.
I've took the trade with SL being last candle's low. you can also trade it for the target of 1000 or more. fundamentally very good company you can hold it for investment purpose too..
These levels are for educational purpose only.
LUPIN Creating DOUBLE BOTTOM PatternLupin taking support at trendline in daily time frame near 913 now it has created double bottom pattern in daily and 15M time frame.
if it has broke the consolidation zone from 945 and trying for a retest. if the retest will pass with huge volume then we can see upside rally till 1000 or 1085 from CMP.
you can go long for a swing trade if good directional volume breakout is seen.
ITC near Breakout 15M ITC is creating a Symmetrical triangle. it is also at very crucial level ie. 237 which wal acting as a resistance earlier but now acting as support for it.
200 days EMA is also near about 235. if ITC will break this pattern with high volume profile either side we can take position
you can go long above 240 and for short enter below 235 increased volume profile is must.
HIND PETRO Inverted head and shoulders pattern ON 1D CHARTHINDUSTAN PETROLEUM making an Inverted head and shoulders pattern ON 1D chart. It has crossed the resistance of 280 which acted as barrier for it since last 3 months. Now it is looking for a bull run if sustain above 280. take entry above on successful retest of its breakout as drawn in the chart. stoploss will be below last swing ie 263-260 and target will be 310 -320 and above.
NEWGEN STOCK ANALYSIS
1. Today we'll discuss another company which is NEWGEN SOFTWARE
2. Today Date is 08-09-2021.
3. Currently stock is trading at 595.45 which is shown in candle chart.
4. There is short term target which is 595.45 to 656 which is shown in image above, which is approximately 10% gain. Stock is trading in range.
5. How much time it takes to reach target, according to my analysis, it takes maximum 2-3 month or maybe very soon.
6. NEWGEN SOFTWARE NSE Code is NEWGEN
7. Balance sheet of company is in profit
8. Company has reduced their debt.
9. Company now almost debt free.
IMPORTANT RULES
10. Only invest 3 % of your capital in one stock, Please don't ignore this rule because we are investing our hard-earn money here so risk management is best part of trading.
11. We never sell stock in loss.
12. We are investing in equity share.
13. Patience is the key in equity, sometime great company went down that is the opportunity to buy these companies because we know they will come back very quickly.
14. From my experience screener.in is best website for reading company financial data/balance sheet and for technical chart in.tradingview.com is best website.
15. My experience/learning is saying that if we have proper plan in share market we can easily earn money in equity.
16. Don't forget to bookmark this blog page. Because a lot of stock analysis are coming here with genuine guidance.