New Gen a low risk good reward setup.#Newgensoftware.
Looks promising.
- At trendline support.
- Good RR setup.
-Pull-back volume is low.
-Risk is 10%
❗️It is trading right below 50 DMA.
❗️Market is still sell on the rise.
Trade with limited quantity. Most of the setups are prone to failure in such market conditions. Add this to your WL and study.
The chart is shared only for educational purposes only.
Trendlinebounce
GNFC - Bullish Swing Reversal with VolumesNSE: GNFC is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal and trendline support for the past few days which is indicating demand.
One can look for a 13% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
JSW STEEL- Bull run 2.0?We have seen an amazing bull run in JSWSteel during the metal sector rally of 2020-21.
Since then, stock has been consolidating with 770-780 acting as a strong supply zone for the stock.
However, the stock has recently taken support from a 3 year old trendline and currently standing at the same supply zone.
If the stock manages to sustain above 780-800 for a couple of weeks , it will confirm a breakout of a flag consolidation and we can expect Bull run 2.0 in this stock as well as other metal sector stocks.
Note:- Metal sectors are cyclical in nature. Please invest/trade accordingly. This idea is shared for educational purposes only and should not be taken as a recommendation.
BEL : Trending Stock#BEL #trendingstock #breakout
BEL : Good Trending stock
>> Good VCP at top and ready for a new breakout
>> Good Strength in stock & Decent Volumes
>> Potential of Minimum 1:2 Risk Reward or more
>> Levels mentioned on chart
SWing Traders should focus on 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Deepak fertilizer looks strongDeepakfert is looking ready for an upmove. It has bounced after taking support thrice from a strong trend line. It has also broken out from downtrend. RSI is now above 50 which also gives the same signal.
The stock looks strong if it gives a closing above 650-660 levels which is its 30 DEMA for about 10% upmove.
THis is my personal analysis only for educational purposes.
Power of a simple TrendlineAnother Simple Technical Analysis which shows that market is easy and money can be made by doing simple things also.
This Time there is a very simple TRENDLINE drawn in weekly time frame which had worked multiple times and again which has given another opportunity and made a Pin Bar candle at the support of the Trendline.
It seems true that more than 80% is the Psychology (Money management , Position Sizing , Execution and other things) and only around 20% is the SETUP. Because Setup is easy but following it religiously is what a makes a person, TRADER
ENTRY - can be made if it crosses this Pin Bar Candle or can be purchased at the current market price of 6.95 for aggressive trading.
RISK - The Stoploss would be at the low of the same candle on closing basis or whenever it gives a closing before the trendline after crossing this pin bar's High.
Reward - there is major resistance( at price - 10) which has been retested 3 time and there is a high probability that it will go again to retest that resistance.
** Stop loss and Reward has no significance if the Psychology is not strong. Do not hope and just exit at the Stop Loss level and do not greed , just exit at the reward level.
**There are always a lot of opportunities in the market.
#KeepLearning.
Will nifty take support from current level ?Nifty may take support from current level,
because it is trading at confluence of:
1. support zone
2. Trendline support
3. oversold stochastic oscillator
we need evidence of demand to enter in long trade,
a bullish candle.
Note : only for learning, not a trading tip.
MUTHOOTFIN bouncing off 200WMA and trendlineThe chart of the stock Muthoot Finance (NSE: MUTHOOTFIN) is bouncing off its long-term, seven year old trendline from where it has taken support multiple times in the past.
The stock is also bouncing off 200WMA which has also been its long-term support since listing.
The chart looks bullish with ultimate target of previous all-time high zone of 1800.
Tata Power Quick ProfitTATA power has given a chance again for missed traders by pulling back to the resistance zone on very Low Volume showing the stock was not under
heavy selfish pressure. It has also made a pullback to its trednline giving a superb entry price with a quick profit at
256.10
Tight Stop loss at 234.40
Keep It Simple
MANAPPURAM Bouncing off long-term trendlineMANAPPURAM has successfully taken support at its long-term trendline for the last 6 years. The stock has touched this trendline and bounced off of it every two years since December 2016 (as shown in the chart). Another bounce happened in May 2022 and the price is still in a buy range.
This looks like a good place for accumulation. Price targets can be 126, 145, with 218 as the final target. Stop loss below 80. This is a medium to long-term buy opportunity in Manappuram Finance.
Target 1 and 2 achieved in BLS | 15% mover This idea is a follow-up to BLS
You can check the Link to Related Ideas ( Detailed analysis done in 25th Aug Video )
Disclaimer: The information provided is for educational purposes only. Our intention is not to give any financial advice, don't take any decision without consulting your financial advisor.