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28% Target Potential in Likhitha | Swing TradeWonderful swing trade with target potential of 28% Reason to trade - 1. Breakout of 50 EMA with good volume 2. Trendline breakout 3. Breakout of Horizontal Demand Area 4. Has made a breakout and then retest which is a bullish pattern . 5. RSI above MA Do you guys want me to make Video explanations of stocks in YoutTube?? If yes please do comment Please hit the like button this really motivates me to make more such analysis for you guys. Also Follow to get regular updates. Lets make money together The Rich Trader Rohit Sharma
NSE:LIKHITHALong
by The_Rich_Trader_TRT
Dwarkesh Sugar: Will it break out to return a +30% gain?Dwarkesh Sugar is currently trading in a tight range and most likely forming a pivot range of <= 7% What is the trade idea? Stock has risen 222% within 21 weeks and formed a good 2T VCP pattern. Now it's been consolidating for a good 17 weeks and with the low risk range that’s currently in progress, it is on my high alert now. My expectation is that 78.50 should be crossed in the coming two weeks. (hopefully ;-) the markets have a tendency to surprise, always, and I'm wrong about 60% of the times) I am expecting a possible consolidation within the marked tight range box for the next two weeks. Here's my Trade Plan Entry : On Breakout above at 80.40 Initial Stop Loss (ISL): Below @ 66.80 (SL based on structure) Note: Breakout needs to be supported with high volumes. Potential Targets: 97.50, 105.90 Need to watch carefully what the price action will do around the resistance of 84 levels. If that is convincingly crossed, then both upper targets have a good probability of being achieved. Since price has been consolidating for long, my expectation is that 84 ought to be crossed decisively. Keeping fingers crossed though. Chart marked with the trade plan. Please feel free to clarify your doubts, and trade safe.
NSE:DWARKESHLong
by amar_gr
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.
NSE:BHELLong
by TRADE_RESEARCHER
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!
NSE:MARUTILong
by Stock-Holmes
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
NSE:DLFLong
by Sagar_Garg
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!
NSE:HCLTECHEducation
by Stock-Holmes
1
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.
NSE:JUBLINGREALong
by AmanSaraf