Bullish Reversal in Ashok Leyland: Targets 190 and 220I have identified a potential bullish reversal in Ashok Leyland based on the following factors:
The stock has shown a reversal at key Fibonacci levels, indicating a potential shift in the trend.
Break of Trend Line:
Ashok Leyland has successfully broken above a significant trend line, suggesting a change in the prevailing downtrend.
Targets:
The first target for this potential upward movement is set at 190, representing a key resistance level.
A more extended bullish move could see the stock reaching a second target at 220.
This analysis is based on technical indicators, and as always, it's essential to consider other factors such as market conditions and company news.
Uptrend
SAREGAMA looks good for investment for medium to long termThe recent price action of this asset has signaled a significant shift in market sentiment. After a prolonged downtrend, it exhibited a notable uptick in buying interest, successfully breaching the previous lower high of the downtrend. This breakout strongly suggests the initiation of a potential trend reversal.
In addition to the promising technical indicators, the company's fundamentals also appear robust. It has demonstrated impressive growth in annual net profits, and the current-year profits have already surpassed the previous year's figures, showcasing a noteworthy performance that underscores its strong financial health and growth prospects.
DDEVPLASTIK looks good for swing tradeThis particular stock has maintained a consistent uptrend pattern ever since its initial public offering (IPO). It not only boasts a commendable Return on Capital Employed (ROCE) percentage but is also nearly debt-free, which is a remarkable financial strength.
Recently, it exhibited a promising bullback and breakout, demonstrating its potential for substantial growth. Presently, the stock is retracing to what is often referred to as the 'demand zone,' a technical indicator that suggests a strong support level.
Given these strong fundamentals and the recent technical indicators, the stock appears to be an attractive investment opportunity at its current price.
LSIL looks good for swing tradeIt has formed a very good uptrend pattern and now after a pullback it has given a breakout which indicates that this stock is going to give a very good bullsih movement. Buy at your own risk.
POKARNA LTD. | Change Of TrendPokarna Ltd. has been in a downtrend for quite a bit, but this week it is breaking the structure of the downtrend and shifting to an uptrend.
Buy Eligibility will require
I. The price to close above 420
ii. The high of this week is to be broken.
The chart is for educational purposes, and trade as per your analysis.
Breakout in Balrampur ChiniChart type - Heikin Ashi
Time frame - Swing Daily Chart
All time High - 525.90
LTP - 435.10
Note: 20% down from all time high
Breakout of the resistance level of 431 (Recent high of May)
Wait and watch the behavior of price around these levels.
The support zone 425 to 430.
Thanks
Simranjit Singh Virdi
EICHERMOT appears to be displaying a robust bullish trend.EICHERMOT successfully broke free from a major downtrend, signaling a pivotal change in market sentiment. Subsequently, it proceeded to establish an encouraging uptrend pattern in the minor trend. Today, with a decisive breakout following a brief pullback, the stock has sent an unmistakably bullish signal that is difficult to ignore.
BOSCH | CONTINUATION TRADE Disclaimer: This is NOT a trading recommendation. Please do your own analysis before entering positions
REASONS TO BUY:
1. Stock in an Uptrend with 100 EMA acting as Support
2. A downward trendline breakout with Higher Highs & Higher Lows
3. A double bottom on the 100EMA before breaking out
4. CMP near the support line for retest.
Entry: 19183
SL: 18480
Target: 20840
RR 2.3
IRFC (Indian Railway Finance Corporation Ltd)In my analysis(for 1-2 weeks), I've identified a potential trade idea for the IRFC stock. Based on my evaluation, I see two profit targets. The first target is set at 56.4, while the second target is at 60.4. To manage risk, it's important to establish a clear stop-loss level.
**Trade Idea:** Consider a long position(1-2 weeks) on IRFC stock with a first profit target at 56.4 and a second target at 60.4. Implement a well-defined stop-loss strategy to manage risk effectively.
1st Target--> 56.4
2nd Target --> 60.4
Thanks
Kambi
Kis kisko pasand hai NESCO ?
This stock hasn't performed for a long time but on the larger time frame and uptrend it has formed a symmetrical triangle. The breakouts from the triangle are usually massive.
On the shorter time frame, I see the formation of an Inverted Head and Shoulder pattern which signifies that a bullish breakout is around the corner.
MACD on the shorter time frame also looks bullish.
Uptrend for Andhra Petrochemicals Ltd.The price broke upward out of a trading range suggesting we're entering a new uptrend.
Support & Resistance
Support found at Rs. 61.05
Resistance found at Rs. 78.05
Target: Rs. 78
Note:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Prince Pipes Turning Around1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a long consolidation NSE:PRINCEPIPE is showing signs of upward movement, buy with a stop at ₹620.
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
CoalIndia Discount Price for Dividend Hello Friends,
As we can see there was good rise yesterday 10+ points but today it complete market down.
I think its good time to re-enter if not already. because some reason market is on down but it will be bounce back tomorrow with all stocks.
So may be this is the time to take entry in coalindia because after few days it will give dividend so buying will done in this week till divined date.
According to my point of view today is time to buy coal india with discount price.
- key point looks like there is some big position is build on price @230-238 on yesterday high.
Lets see what it say upto next week and review it on your own and put your point of view.
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Thank you