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Uptrend

ITC going to break its 52 week High?If you observe chart you can see a falling wedge pattern in ITC after an Uptrend. Generally in such situation there is a major chance for trend continuation after Falling wedge pattern successful breakout. Here I have marked A and B points that are nothing but the two points on the trend lines.Upper trend line is Resistance and Lower trend line is Support. So If ITC successfully breakout, how to calculate the target? Target = B - A = 239.65 - 204.35 = 35.30 Roughly you can expect 30 to 35 rupees target. (If trend continues we can get more.) Where to take entry? If stock shows breakout , wait for a confirmation candle. You can also use MACD , RSI indicators for confirmation. If in worst case, stock breaks the support, it can fall further. Consider this stock for a long term as this stock is commonly known for a slow moving stock. Stock is fundamentally strong. Stock has a great dividend-bonus history. The Company operates through different segments FMCG, Hotels, Paperboards, Paper and Packaging and Agri Business. We can expect some positive news for the ITC in current market situation because the Deliverable quantity for ITC stock is increasing day by day. So in future we can surely expect an Up trend. Disclaimer : This is my personal analysis for educational purpose. I am not sebi registered. Do your analysis before taking a position. I am not responsible for any profit or loss.
NSE:ITCLong
by AmeyKajarekar
11
GNA AXLES (Short Term Study)- Stock in Uptrend - ✓ - All Time Breakout & Pull Back - ✓ - Huge Volume During Breakout - ✓ - Accumulative Volumes before Breakout - ✓ - Previous swing High Breakout - ✓ - 4.6x delivery volumes during breakout - ✓ - Promoter group continuously buying shares - ✓ - Stock Outperforming Nifty & its Sector - ✓ - Spread Chart Breakout - ✓ - Increasing Relative Strength - ✓ - Positive Qtrly Performance - ✓ All logical parameters met for Short Term Trade - ✓
NSE:GNALong
by AmanSaraf
Analysis for Bank Nifty -This is how I see Bank-Nifty view for longterm like 2 weeks . We can buy a Hero-Zero of "37400CE 23 Sep" so we can have a nice big target -First target is 37000 second can be 37200 & Third can be 37400 ,But if market Break the level of 36946.60 then i will go for a long till that time i will wait :))) the reason of this longvision is " we had saw an all time high at 15 Feb after that market had gone in a "Consolidation zone" this is why i an hoping a nice good game in this 15 days A retast had also come in a bigger time frame like 4H Now no one can stop this rally if it touch the level of 36946.60 BEST OF LUCK BANKNIFTY NSE:BANKNIFTY
NSE:BANKNIFTYLong
by AHMED_SMC
MAJOR TREND LINE SUPPORT AREA !Stock is at its major trend line as clearly seen in the chart. Look for strong candlestick reversal pattern on daily time frame or wait for small uptrend formation. This can prove to be a great risk to reward ratio trade with RR minimum 1:4. Trade only for positional/swing. Target can be 5% , 10% and 15% as per holding capacity duration. This chart analysis was done by me only for better learning , consult your financial advisor before taking any trades.
NSE:MANAPPURAMLong
by headymuk
QUICK AND DILIGENT ANALYSIS ON BERGER PAINTS !!!Notable points: 1.Stock is taking support at major weekly trendline support area, also same zone is a previous resistance which turned into support now. 2.The stock is at 50% fibo support and seeing some buying interest with formation long lower wick candle at the support. 3.The stock is almost bottomed out in RSI , thus can expect a bounce from this area. 4.The stock was in a decent uptrend and did a long consolidation therefore probability of bounce from major weekly trendline support is high. Short Term View : Bullish Timeframe used : Daily Target : 830-870 Takeaway : Can enter at or near by the current trendline support. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
NSE:BERGEPAINTLong
by saikrishna9999