Get started

Uptrend

Will Shree Cements go up ???Will Shree Cements go up ??? Reasons/Traits : • Measured Move up pattern formation is seen • Last 3 days candle sticks pattern shows as 3 black crows • Todays close is exactly at 0.236 retracement level of last swing high and also taking a support of a trend line break out (4) • Price took support of 12 EMA with decreasing volume What can happen next : Scenario 1 : Stock uptrend to continue and reach 31979 (earlier life time high) /32766 Scenario 2 : Downtrend post break down of 0.236 Fib level to reach 0.382/0.5/0.618 or till 50 EMA support level Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:SHREECEM
by AdhigamaTrading
Fin Cables- A Good Setup in Weak MarketHi All, The benchmark index (NIFTY50) has become somewhat weak now or to put it better we can say that the power of bulls is now being challenged by the bears. In this phase the trader needs to become really cautious and find some really good setups where the R:R should be given highest priority. Above is the weekly chart of one such setup. Finolex cables gave a trend reversal signal and now the stock price is aiming towards its ATH price level. It has given a good clear breakout along with volumes ( also note the volume breakout in May) while the benchmark is falling. This fact makes this setup strong. While currently the R:R is not favorable. I would wait for a pullback towards the green line which should now act as a support and any reversal signs after testing the green line would mark my entry into this scrip with 1st target at the red line. I would request to whomsoever watches this idea, give sometime to this setup, mark your own entry/exit strategies before executing this trade. Remember, a failed plan is far more rewarding than a successful guess. You can comment/message, any feedback/suggestions/applause. Like I always say, let's learn and earn together :)
NSE:FINCABLESLong
by Ankit_Oberoi
Castrol India Limited 1. Castrol India Limited is an automotive and industrial lubricant manufacturing company. 2. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 20% market share in the overall Indian l lubricant market. 3. It is part of Castrol Limited UK. 4. It has 5 manufacturing plants that are networked with 270 distributors, serving over 70,000 retail outlets. 5. As of December 2019, there were talks ongoing between Reliance Industries and BP for setting up fuel stations in India where Castrol’s products will be sold. FOUNDED 1910
NSE:CASTROLIND
by Dhanraj_Gavit