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Uptrend

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.
NSE:ASHOKLEYLong
by nevil3
1
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.
NSE:SAREGAMALong
by anuragAnand321
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.
BSE:DDEVPLASTIKLong
by anuragAnand321
1
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
NSE:IRFC
by kambi123
4
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.
NSE:PRINCEPIPELong
by akashbothra