BHEL what people see and what I see.so many people saw bhel today as a top gainer bur I saw a tringle pattern which gave a breakout so I think from this weak to upcoming weak you can easily see a upward movement in bhel.
SO I am a littile bullish on this stock because it was also in falling movement in previous candlles. I am in this stock and will be in it till it will not touches the target of 68 and above levels.
Also this is my own opinion and should not be taken as advice . do your research as well and comment me for any other thing you can see.
also you can see my previous ideas that worked today like grasim and aarti industries.
Tradeidea
MARUTI SUZUKI.... What should I buy now? We know our market is overheated and our market can correct a bit anytime.
Going ahead, Nifty IT, FMCG, Infra had rallied well. I'm not expecting a major move in these stocks and they are likely to be rangebound.
Nifty metal - looks weak.
Nifty pharma, media, PSU banks - need to breakout.
Sectors to focus on- REALTY ( broken out and more rally to come) AUTO (yet to breakout but looks very good technically), AND BANKS.
I feel in the next two months auto stocks including tyre manufacturers and auto component manufacturers will be the best-performing stocks.
Most auto stocks look good technically. In the cash market, you can buy any auto stock and can expect decent returns in the next two months.
Here, we can see Maruti Suzuki had broken out of the resistance trendline. It is giving a small retracement and will start rallying. Targets are marked on the chart. Happy trading!
High Probability: Swing Trade in DLF Ltd.DLF Ltd. is trading at a very attractive price and RSI has also crossed 60 on the last trading session which is a bullish signal. Technically the charts looks good as it's making a rounding bottom pattern on higher time frame.
One can make an entry according to levels provided below-
ENTRY- 345
Stop Loss - 327 (5.22%)
Target Price - 390 (13%)
Risk to Reward Ratio - 1:2.5
Once the price crosses 360, I will revise the stop loss to not convert a profitable trade into a loss making one.
So be connected for further updates regarding the trade.
THANKS FOR GOING THROUGH MY ANALYSIS
PLEASE ADD YOUR VIEWS AND DOUBTS IN THE COMMENT BOX
NSE:DLF
HCL TECHNOLOGIES.... TO GO LONG OR SHORT?We can see the script getting rejected at the level of major resistance on multiple occasions.
The recent long green candle at this resistance level was considered a good breakout by most traders.
Points in favor of a pullback,
The breakout candle was followed by a bear candle of decent size. The follow-through from the breakout candle is not good, indicating huge selling pressure.
This is also confirmed by the higher volumes in the red candle than the breakout candle.
There is also a bullish divergence in the RSI pattern.
Points favor of a breakout,
The red candle is still above the line of major resistance.
The script after getting rejected from the resistance level a few days back didn't fall back to its support zone (around 900) but is trying to break the resistance again. Multiple hit at the resistance line is likely to weaken it eventually breaking the resistance soon.
So, now breakout or breakdown?
We should wait for one more day and the next candle will decide the course of action. A long green candle can suggest a long trade and a Doji or hammer or long red candle suggest selling and rejection in the script.
Happy trading!
JUBILANT INGREVIA - Positional StudyAbout:
Jubilant Ingrevia was Demerged from Jubilant Lifesciences in February 2021. It is in the business of Speciality chemicals, Animal & human nutrition, life science chemicals, ethanol etc.
- Stock is in a continuous uptrend.
- Price today crossed the previous swing high after forming a base at Support Level (which was earlier a resistance)
- Price broke out with good volumes with good accumulation activity at the end of July.
- Spread chart also gave a breakout of the previous swing high.
Financial Results:
- Jubilant's QoQ Sales growth is 67%
- QoQ Profit growth is 211%
Jubilant Ingrevia is looking financially & technically sound. It looks good for positional investment.
BANKNIFTY TRADEING SETUP VIEW|11-08-2021As Describe In Chart
Trade Accordingly.
Support And Resistance
Lines Plot On Chart.
Once You Buy or Sell
Then Always Book Partial Profit.
Do Not Wait For Final Target.
Note: As We Seen Today After Opening Market Continue Sell Off In That Case Wait For Sometime To Take Entry In Either BUY Or SELL Side.
Thanx.
VINATIORGA Long above 2000 for target of 2300 in short term.Features on chart :-
1. Channel pattern breakout coming.
2. Flag and pole pattern.
3. Volume contraction.
4. Price contraction.
A trade above 2000(after breakout) will give a high probability trade with risk reward of more than 1:5.
Follow for more such ideas.
GMR INFRA--> Profit potential of 15-20% in a short span >Good consolidation after breaking out of a inverse head and shoulder pattern on daily as well as weekly chart
>Breakout with huge volume
>A long position can be initiated @32 with a stoploss of at 30
>Favorable risk reward ration of above 2
Keep an eyes on Muthootfin 9th julyvery good formation in Muthootfin with double top if break the neckline with any pullback we should take short side.
Intraday levels - short below 1528 with strict stoploss, target- 1511.
if want to long wait for breakout of on upper levels.
this is for educational purpose before taking you should do study.
Analysis done at 73 - Now at 79 | 7% in a Day gained Stock analyzed: NALCO
Just a trade review :) Already analyzed on my page
1:1 Risk reward done in a day, sometimes the market is more kind than other days, 70 to 90% of partial profit can be booked here
(30 % to 10% invested amount should be held with a trailing SL of price bought at
Happy trading and don't forget to follow