CAPLIPOINT LONG 1530-1545, CUP AND HANDLEBullish Indicators:
Ascending triangle pattern.
Trading above key moving averages (20-day, 50-day, and 200-day).
Potential cup and handle formation.
RSI is bullish but not overbought.
Volume spikes on upward movements.
target 1: 1596
target 2: 1800+
Note: I am not SEBI registered or TA expert. just learning the TA and sharing my views and you should consider doing research on your own before making any investment decisions.
Finished Trades (1/1)
JUBLINGREA - Target hit in 4 sessions (check out it in ideas section)
Triangle
Deepak fertilizers & petrochemical Corp LtdIt is involve in chemicals, mining chemicals & fertilizers business.
Market Cap: 8474 crores
P/E 12.6 vs Industry P/E 33.2
ROCE is 25%
Previously ,it demonstrated a perfect example of Cup pattern breakout that achieved its target.
Currently it is on verge of giving breakout in a symmetrical triangle. weekly closing above 680 and RSI weekly closing above 60 should be consider as confirmation of breakout .If it does closes then it should head for 720 and 834. It has the potential to cross it ATH of 1065 in 2024.
The View should be neglected if it breakdown in symmetrical triangle.
This is not a stock Recommendation.
BREAKOUT IN DSSL 📌SWING TRADE FOR NEXT WEEK🚀
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I am a Swing Trader by Passion i only trade on Momentum Stock's.
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📌TRADE ANALYSIS OF -DSSL-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
BREAKOUT IN LOVABLE📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -LOVABLE-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
$NSE:GLOBE: Still NOT TOO late to BUYSummary:
NSE:GLOBE Globe Textiles exhibits strong fundamentals with a high Piotroski score of 8 and is trading at a reasonable PE ratio of 15. The stock has shown a strong technical breakout with significant volume, indicating potential for further upside.
Fundamentals:
Very strong fundamentals
High Piotroski score of 8
Currently trading at a PE ratio of 15
High-performing player in the textiles industry
Technical:
Strong volume peak after consolidation, indicating potential institutional buying
Strong breakout, still not too late to buy
Good liquidity
Trade Setup:
Entry: Current Market Price
Stop Loss: Conservative stop loss level based on recent support (4.50)
Potential Upside: 8.50 NSE:GLOBE
Long PIIND FOR TARGET OF 4200PIIND is trading in symmetrical triangle pattern on daily charts.
Currently inside the triangular channel. Once breakout is confirmed.
We can see piind moving to new highs in future. Another positive found is moving average crossovers occurring on weekly charts.
Wait for breakout confirmation to enter.
All targets are marked on chart.
Follow stop loss as the triangle breakout point on either side. Strictly on closing basis
BREAKOUT IN UCO BANK📌SWING TRADE FOR NEXT WEEK🚀
Hello Traders⚡
I am a Swing Trader by Passion i only trade on Momentum Stock's.
📌I Post Daily SWING CHARTS Analysis on My Trading view profile..
So let's Start
📌TRADE ANALYSIS OF -UCO BANK-
• Potential Breakout Chart
• VCP Pattern
• Short Range Consolidation
• Price Can Take Retest from support Line
• Overall The Price Is Moving In HH-HL Formation
• Volume Buildup Near BO Zone
• Looks Good For 10-20% Upside Levels After The Breakout
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all charts analysis are only for educational purposes only
I do not provide any CALL or Tips
Laxmi Organic - Bullish Divergence and Breakout from TriangleWeekly Chart Insights:
Symmetrical Triangle Pattern: Over the past years, Laxmi Organic Industries Ltd has formed a symmetrical triangle.
Breakout Confirmation: Recently, the price broke above the upper trendline of the triangle.
Retest of Breakout: The price action is retested the breakout at the Trendline and has moved upwards now.
Bullish Divergence:
Time Period - 26 March to 12th May
Lower Low in Price - Price went from 235.2 to 228.5
Higher Low in RSI - RSI went from 37.2 to 37.6
Disclaimer: This analysis is for educational purposes and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Libas - Potential Bullish Divergence in Descending TriangleLibas Designs Ltd. is currently trading within a descending triangle pattern. A potential bullish divergence between the price action and the RSI could indicate an upcoming trend reversal.
Technical Analysis:
Descending Triangle Pattern: The stock has been consolidating within a descending triangle pattern, characterized by lower highs and a strong support level around ₹16.5.
Lower Low in Price: The price recently made a lower low, near the support level of the triangle.
Higher Low in RSI: Simultaneously, the RSI (14) made a higher low, creating a bullish divergence. This suggests that the selling pressure is weakening, despite the price making a new low.
Volume Analysis: Volume has been decreasing during the formation of the triangle, which is typical for this pattern and indicates a potential buildup before a breakout.
Trade Setup:
Entry Point: I would wait for a breakout and retest above the top trendline. Probably somewhere above the 17.5 mark.
Stop Loss: A stop loss below ₹16.00, just under the recent support level, to manage risk effectively.
Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
SJVN Analysis for Long Term!NSE:SJVN Analysis!
SJVN Analysis on a Daily Timeframe!
Triangle Pattern formation in SJVN!
Triangle Pattern Breakout in SJVN!
Analysis:
SJVN was trading in a Triangle pattern. Yesterday it gave a powerful breakout to its resistance line with significant amount of volume. Also consider the 20, 50, 100 period EMA as these are also acting as a Support and Resistance as the price is respecting them it is moving ahead with them. Rest of the Analysis is on the chart itself please study it thoroughly.
Trade Setup:
Entry = Current price level is good to Enter but always enter 0.50rs above the previous day high.
Target = 226.64
Stop Loss = Below 136.11 or as per your Risk to Reward
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital