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Trendreversal

Motherson Sumi Wiring : waiting for Rectangular box breakout !!Motherson Sumi Wiring India Limited is a leading and fast-growing full-system solutions provider to OEMs, in the wiring harness segment in India with a market cap of Rs. 22,000.00 . The stock is currently in a range and on strong support @ 50.45 . Aggressive traders may take entry at CMP @ 49.90 as the stop loss is very low. Safe Trader , enter the trade after retesting of the support after break out of the rectangular box @ 51.55 for targets 53.95 , 59.50 and 63.25 with stop loss @ 48.50. Thus the Risk Reward Ratio is ranging from 2.89 to 9.53 . Company's Fundamentals are very strong. Promoter's holding is 61.75% and MF holdings is 15.32 % which is a good percentage and a sign of confidence in this stock. We see a trend reversal in the stock from the strong supply zone before coming in a range box as shown in the graph. Entry @ CMP ( for aggressive ) For safe traders : Break out of the box and re-testing of breakout , Targets 53.95 , 59.50 , 63.25 STOP LOSS : 48.50 Please remember, this study is only for education purpose. Please do your own analysis and trade at your own risk. Do not forget to Boost my study , if you agree with my idea.
NSE:MSUMILong
by chakraveer1104
Possible trend breakout in LXCHEM?Stock has been consolidating from past one year after a giving a strong rally of more than 300%. On 19/04/23 stock has finally given breakout from its downtrend. Price level of 275-280 which was acting as immediate resistance for the stock has been broken. In this week, if price manages to close above this level we can expect a decent rally in coming days. All the possible targets are marked on the chart. Price level of 250-220 should act as immediate support. One can maintain stop loss at 200. About Fundamentals of the company, Laxmi Organic Industries Ltd is primarily a B2B business, currently operating in two verticals namely, Acetyl Intermediates (AI) and Specialty Intermediates (SI). The company is one of the India’s largest manufacturers and exporters of ethyl acetate, with a market share of approximately ~30%. Also, it is India’s only manufacturer of diketene derivatives, with a market share of approximately ~55%. The upcoming fluorochemicals (FI) vertical is under capitalization. This will attract more investors in coming days. This is just a view not a recommendation to trade. Do your own analysis before making any investment. Share your opinion in the comment section. NSE:LXCHEM
NSE:LXCHEMLong
by KaravaliTradingZone_Official
2
Uptrend in RAMCOCEMBased on the analysis of RAMCOCEM's price movements, it appears to exhibit a bullish trend characterized by a series of higher lows and higher highs (L, H, HL, HH). Furthermore, after encountering the support trendline indicated by the yellow circle, the price has formed an inverted head and shoulders pattern, which is widely regarded as a bullish signal by technical analysts. Given these indications, it may be reasonable to infer that RAMCOCEM is poised for further upward movement.
NSE:RAMCOCEMLong
by anuragAnand321
1
Crisil weekly trend analysisCrisil weekly trend analysis. > Falling wedge breakout > 7 months downtrend break on weekly timeframe. (From may 2022) > Size of the pattern is 890 rs. > Forming an Inverted H&S Which is bullish pattern. > Entry break and trade above 3100. > Potential targets 3223,3424,3626,3840. > keep will be 7-10% below entry price. > position size : 10-20% of the trading capital. > max risk : 1-2% of trading capital. > time : 1-6 months. > Happy swing/positional trading. Note: only for educational purpose, trade at your own risk.
NSE:CRISILLong
by pankaj1614312
Positive global cues - breakout in DJIAs seen in the weekly graph Dow Jones Industrial Average Index had given a breakout from the parallel channel( indicated in bluish color). Which is a downtrend that started at the beginning of this year(2022). It could be observed from the graph that the index had given the breakout with a good real-body candle and had taken support at the parallel channel after the breakout. Adding to that, a slight RSI positive divergence could be observed( indicated as yellow circles). Also last week there is Doji formation in the weekly chart. Looks like the index is taking a rest and expecting the index to sustain above the 33200 level
TVC:DJILong
by RamRaju61968