Tradingview
DAAWAT - L T Foods: Strong PC BO with the strong retracementAll the three Parallel Channels (PC) are one and the same!
PC-A = PC-B = PC-C
The strength of PC-C is crossing the highs of Apr-22 levels for the breakout
and strongly retraced the BO at 105 levels.
The huge buying levels at in Apr 22 at BO of PC-B and at BO of PC-C are confirming the strength in the BOs.
What I feel is, the overall market trend in Apr-22 had impacted the Breakout of PC-B also, and lead it for the resistance of 100 which was also the midline of PC-A
The bearish view resulted in Breakdown of PC-B and lead to levels of 67, which is also the lower line of PC-C
Yesterday's strong green candle with heavy buying volumes confirms the strong BO of PC-C
For swing trade
Entry: Coming opening levels above 105
1st target is 130, then 150
SL:
The FAs and business model is strong, script is good pick for long term portfolio building.
If view didn't go well, the levels of 85-90 are good levels to add.
INDUSINDBK (M)INDUSINDBK (M) is in an uptrend (ascending channel).
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterise this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows and an upper channel line that joins the swing highs.
1) An ascending channel is used in technical analysis to show an uptrend in a security’s price.
2) It is made up of two positive sloping trend lines drawn above and below a price series depicting resistance and support levels.
3) Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals.
After a COVID FALL, INDUSINDBK is facing a resistance trend line which INDUSINDBK broke on the start of August. If INDUSINDBK breaks and sustains above 1250, then 1500, 2000, and 3000 will easily come in future uptrend months.
VEDL: VEDANATA at BO, Gap up triggering the BO | ST TGT- 405#WondersOfPC
All the Parallel Channels namely A, B, C, D & E are SAME in all respect!
And today's opening with gap up is triggering the BO for PC-E
Already Volume gone above 15M+ at opening session only.
CMP:317
ST Target: 350, later 405
Swing trader may SL of 289
While being a good pick for LT portfolio one may add up at every dips
Tatva Chintan Pharma Chem LtdBuying zones buys small small quantities
if next q give good result seems on 3000 level asap.
No. Eq. Shares Cr 2.22
---------- Promoters+ - FIIs +- DIIs + Public +
sep 2021 79.17 3.53 7.36 9.94
Dec 2021 79.17 2.91 7.87 10.05
Mar 2022 79.17 3.05 8.13 9.65
Jun 2022 79.17 3.53 10.75 6.65
DII increases stake by 3.39%
increase your stake to slowly slowly..
Buying Opportunity in BNF BNF just took support from PDH.
With a SL of Just 60 points we can go long at cmp 46733
SL levels:40670
If we buy ATM option approximately 15 rs SL i.e, 375 rs per lot.
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
GBPUSD Buy Trade opportunityGBPUSD Buy Trade opportunity
Its breakout resistance line and close above with an excellent Bullish candle and also retrace from Fibo 1.61 Level which is very important. It's an excellent opportunity for a long with very good risk-reward target point also mentioned in the chart
ZEE ENTERTAINMENT TO TAKE LONG ENTRYLong ZEE ent above 264 for the target price of 300 with the SL of 250. The stock has been forming the W pattern. Entry is to be taken after the Bo of the neckline of the W pattern. RSI forming positive divergences above the 60 level. Volumes are gradually increasing. Resistance level already BO. This is for your educational purpose only.
Maxhealth to take long entryLong max health care above 410 after the BO of the marked trend lines. Stock in the consolidation phase for a long time. High probability that the stock can move upwards as the long-term trend of the stock is in the uptrend. Long above 410 for the target level of 450-460 with SL of 385. This is for your educational purpose only.
JK cement at the break out level.Entry only after the breakout or day closing above 2820 for the target level of 3150 with SL of 2750. The cement sector is in bullish mode. if stock is able to sustain the BO we can expect a good move. RSI above 60 again is a good sign for the stock. the volume also picking up. 5-star trade setup. This is for your educational purpose only.