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Trendanalyisis

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
ALong
by raigvivek
Long Westlife DevelopmentA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:WESTLIFE 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 :- Bullish Flag and Pole Technical Indicator :- Positive MACD Crossover
NSE:WESTLIFELong
by raigvivek
zigzag correction in BANKNIFTY ELLIOTT WAVE ANALYSIS:- View-1:- It seems that a zigzag wave has completed. A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form. View-2:- It seems that a zigzag wave has completed. An impulse wave was emerged and an impulse 1st wave was completed and a corrective 2nd wave was completed it seems to be an emerging of impulse 3rd wave . Expected a reasonable bounce back if the 43600 level sustains. If the level break and go down then there will be another zig zag formation may take place. T1=44439 T2= 44586 T3=44957 T4=45274-45615 For View 2 stop loss will be 43600. For wave 1 there will be no stop loss. i'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor.
NSE:BANKNIFTY
by n0m0ret0ss
8
Correction in KOTAKBANK. FLAT (or) TRIANGLE Wave.Elliott Wave Analysis:- Due to some management changes in bank there are certain fundamental changes taking place. Let the cloud get cleared, until that we wait for the clear sky. View1:- triangle pattern. B wave was formed. Once C,D wave was formed then we can enter into the trade. until that we watch the wave formation. 1631 as stop loss we enter into the trade. once the breakout was completed in upper side we trail our stop accordingly in between waves. View2:- Flat correction. Once it break 1631 then flat correction is confirmed . Almost B wave was seems to be over. it may reach 1570,1436, 1267, 1051 will be the support level. Wait and watch until there is a clear wave formation. I'm not a SEBI registered advisor. Kindly consult your financial advisor.
NSE:KOTAKBANK
by n0m0ret0ss
triangle pattern breakout in PETRONET LNGThere is a triangle pattern formation in the chart for long term. Expecting a bounce back once it reaches 210-214 zone. Target for triangle pattern with taking C Wave as stop loss. once there is a breakout then we can go for the consider E wave as stop loss and we can trail accordingly. Target:- T1- 242 T2-264 T3-300 T4-330 Stop @ 190 we have to wait and watch the pattern formation. An alternative view I will post in the forecoming chart's.
NSE:PETRONET
by n0m0ret0ss
Long bet in West Coast Paper Mills.Financial highlights. Over the past five years, the company has achieved an impressive compound annual growth rate (CAGR) of 33.9% in terms of its profit. Company has a good return on capital employed (ROCE) of 61.5 %. Stock has negligible debt to equity of 0.09. /list Technicals. Currently price is at somewhere between support and resistance level of the trend line, some position can be made either it gives a breakout, or it comes back to support. My commentary West Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. Paper consumption expenditure is expected to double from $1.5 trillion in 2020 to $3 trillion by 2030.(Source: The Hindu). We can long on this, if it falls as it is more likely to happen, more quantity can be added. This is only for an educational purpose, Don't take it as a trade calls. I am not a Sebi registered
NSE:WSTCSTPAPRLong
by BullishLine
1
impulse wave in HINDUSTAN PETRO. Alternative wave.Elliott Wave Analysis:- Both correction and impulse wave we are expecting a correction. once correction get ended an impulse take place. View 1:- There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on. View2:- Correction wave was still pending and a low was expected. once the low was completed then the impulse wave of v wave was expected . I'm not a SEBI registered advisor. Kindly consult your financial advisor.
NSE:HINDPETRO
by n0m0ret0ss
triangle pattern breakout.Elliott Wave Analysis:- View 1:- swing trade, A triangle has formed in the 4th wave Correction wave and it seems to be ready to give an impulse breakout. if it so then the target will be Target 1:- 4800 T2:- 5150 T3:-6100 Stop loss:-3291 if the pattern had broken up and crossed the 4610 then the stop may be adjusted to 3485. View 2:- there may be an alternative view which the triangle may breakout in bottom and it may also go till 2500-2900. we can average at bottom. if long term investor can also think of choosing second view else only 1st view is advisable. i'm not a SEBI advisor. kindly consider your own analysis before taking the trade or consult your own financial advisor.
NSE:DMART
by n0m0ret0ss
An impulse wave over and simple correction happen in REDINGTONELLIOTT WAVE ANALYSIS An impulse took place and a cycle has completed the 1) wave and the correction of 2) is in the end . In 2) wave a simple flat correction took place. But my view is that we may expectation is that we may expect a complex correction . It may raise to 180-190. If the up move was slow and too long then we can expect a correction wave. correction wave pattern was already posted and it was linked below, you people can view that chart for more clarification. it an alternative view.
NSE:REDINGTON
by n0m0ret0ss
1
Likhitha Infrastructure Ltd for Long.*What the company does ? Likhitha Infrastructure Ltd is a company that specializes in tasks like laying pipelines for supplying gas, constructing canals for irrigation, building bridges over those canals, and carrying out maintenance work related to these projects since 1988. Company's clients- GAIL, IHB, HPCL, IOCL, ONGC, IGL, IOAGPL, TGPL, IGGL, BPCL, etc. *Future Outlook: The company plans to expand into new areas by taking on Tankage Projects and is anticipating an order from IOCL (Indian Oil Corporation Limited). It is exploring opportunities in regions like the Middle East, Africa, and other countries with high demand for Pipeline Infrastructure companies. The company is in discussions with multiple Offshore T&I (Transportation and Installation) companies to enter the Offshore business. Fundamentals >>Company is debt-free. >>Expected to have a strong quarter. >>Impressive profit growth of 52.6% CAGR over the past 5 years. >>Consistent track record of good return on equity (ROE), with a 26.6% ROE over the past 3 years. Technical >>The stock is consistently moving upwards in an uptrend. >>The price of the stock is consistently reaching higher highs and higher lows. >>This trend is supported by a strong level of support Formed by the stock. >>The price has experienced some pullbacks recently and is now trading close to a support level. >>We have an opportunity to potentially make a 10% gain from the current price level by placing a stop-loss order below the trend line. If you've reached the end of this section, thank you for your patience. If you found this analysis helpful, please show your support by pressing the like button. #trading #Ideas #Breakout #Analysis.
BSE:LIKHITHALong
by BullishLine
Abbott India is gearing up to give Breakout.Company's Overview. Abbott India Ltd is one of the market leader and multinational pharmaceutical company in India with a global presence in over 160 countries. It has a legacy of more than 130 years in the industry. Revenue Breakup. In FY22, injectables contributed around 40% of the revenues, followed by tablets at 39%, liquids at approximately 16%, capsules at 3%, and other products at 2%. Financials. >>Almost debt free company. >>ROCE- 41.1%, Which is considered to be an excellent return. >>Good growth can be seen in net profit margin. >>Maintaining a healthy dividend payout of 76.8%. Technical. As we have seen Last week, all chemical stocks had a good rally. It looks like this rally will continue further. So we will keep a close track on this stock because it still falls under one of the undervalued stock category. This stock was consolidating within an uptrend parallel channel. Last week, it closed near its resistance level. If it breaks out with a big candle and significant volume, we can enter the trade. We'll use a 1:1 risk-reward management strategy for this trade as explained in chart. This is my Analysis, I might be wrong sometimes Please do your 'own' due diligence before taking trades.
NSE:ABBOTINDIA
by BullishLine
Keep a close eye on Rites LTD. Company's Overview RITES Limited is a company in India that was started in 1974. It is a government-owned company and is known for its expertise in transportation consulting and engineering. The company is the only export arm of Indian Railways for providing rolling stock overseas. Technical As visible from the chart price has retested its resistance multiple times and came back to the support level. today it has closed with a fairly good green candle and almost touched the resistance. It has all potential to break its trend line and we can anticipate a significant move above the Line. However we have to wait for a strong confirmation. If the candle breaks its resistance and sustaining above the line, entry can be initiated. One can trade by putting 1:1 risk reward ratio. BUY- 390 TARGET- 415 STOPLOSS- 364 Please note I'm not SEBI registered, I have shared this Analysis for education purpose only.
NSE:RITESShort
by BullishLine