Uptrend
Chamanlal Setia Exports Ltd (CLSEL)Chamanlal Setia Exports Ltd (CLSEL)
Bullish on this stock. Even with so much of panic selling in the overall market Volume on the bearish candles are not so great.
Stock is in the uptrend.
Forming Hammer candle near 55 SMA level which is also 0.382% level of Fibonacci retracement which might be a sign of bounce back.
Target 1: 135
Target 2: 140
SL for a low-risk trader:- Just below the hammer candle i.e 124
SL for a risky trader:- Below the trend line i.e near 119
Disclaimer:- This is not any buy or sell recommendation, it is just for educational purpose. Take any call for buy or sell call only after consulting with your financial expert. Let's learn together and keep growing.
Possible Trend Breakout in SONACOMS???Stock has been consolidating from past one year after a giving a strong rally of more than 150%. On 25/01/23 stock has finally given breakout from its downtrend. Price level of 480-500 may act as immediate resistance for the stock. Major support lies between 400-410 in case price retraces in to previous channel. If price manages to close above this level, we can expect a decent rally in coming days. All the possible targets are marked on the chart. Maintain stop loss at 380.
About Fundamentals of the company, SonaBLW Precision Forgings Limited designs, manufactures, and supplies systems and components for the automotive industry in India and internationally. Recently the company has agreed to acquire 54% stake in Novelic Doo-Beograd-zvezdara for €40.5 million on January 9, 2023, will Complements its focus in the EV space and provides an option to scale the business and develop adjacency in conjunction.
This is just a view, not recommendation to trade. Do your own analysis before making any investment.
Do like and share this idea and share your opinion in the comment section.
NSE:SONACOMS
ICICI Bank-Double bottom formingAs promised,I have come with the Indian stock market analysis.In this chart,ICICI bank is forming a double bottom pattern in 15m time frame.The first half of the pattern is already formed,now we can catch the other half of the pattern.Also,there is a divergence on RSI,the volume indicator showed the strength to upper side.If the stock opens tomorrow with high volume green candles,a long intraday trade will be initiated for 1:8 r:r to the R1 level as shown on the chart.Levels and entry-exit points are marked on the chart,keep an eye on this.Happy trading.
Export stock giving monthly break outChamanlal Setia Exports Ltd. giving MONTHLY trendline breakout. targeting for 175 mid-term. with 115 SL.
This recycling company is soaring high!NSE:GRAVITA
Background:
Gravita India Limited is an India-based company that is engaged in lead processing, aluminum processing, trading lead products and aluminum scrap, and dealing in turn-key lead recycling projects.
It also has forayed into plastic recycling by commissioning dedicated facilities in Senegal, Mozambique, Ghana and India.
Fundamentals:
Over the last five years, sales growth has averaged 29.5%, vs an industry avg of 20.15%
Over the last five years, earnings growth has averaged 61.58%, vs the industry avg of 41.9%
Over the last five years, the net profit margin has been 3.6%, vs the industry avg of 3.37%
Technicals:
Stock is nearing all time highs
Stock has given base breakout with high volumes
Stock is trading above 10/20/50/100/200 day moving averages
Source: tickertape.in
Disclaimer: only for research and education purposes. not a recommendation.
Karur Vysya Bank LimitedKARURVYSYA:- Stock has given breakout with good volume. keep watch.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Hindustan Construction Company LimitedHCC:- The stock has given a breakout by forming a head and shoulders, keep on radar.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Larsen & Turbo making a new highLarsen & Turbo is making a new high after more than 11 months. On the weekly time frame it is a very strong breakout, and on daily basis it has set up quite nicely for a positional trade, If one has missed it, can enter on a correction on hourly timeframe, keeping stoploss below the indicated red line. Keep in mind that, risk management is "everything" in trading.
Range after Breakout ExpectedThis stock has crossed very typical resistance of 40.85 & now we can expect a small range in 15 min timeframe. This could cross 42.5 & 44-46.50 by the end of todays session. As usual whenever this stock takes brakeout, it increases 5-10₹ in a day.
FDCOne can also enter one head and shoulder pattern is active
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
RBL BANKChart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DAAWATDAAWAT:- almost 4.5 year breakout stock. good movement on the upward side.
retest the important level, keep on radar... also formed rounding bottom pattern..
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
TVS MOTOR COTVS MOTOR CO:- consolidate for few days. support from important level now will prepare for uptrend.
Please keep strict stoploss here.. its crucial level.
You can plan the trade as per your risk appetite now!!!!!!!!!!!!!
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
PERSISTENT SYSTEMSPERSISTENT SYSTEMS:- consolidation for the last few months..... formed Cup and Handle Pattern if break the resistance go for long...
almost 3 times tested upper resistance...
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning
HDFCHDFC:- is trading near it's breakout level for the third time. If it is successful in giving the breakout then we can see upper levels soon.