Cup and Handle and Trendline Resistance BreakoutIn BHEL, Today a huge amount of open interest along with Huge Volumes added as long position.
Along with that, Coming to chart patterns, A cup and Handle pattern got completed and broken trendline resistance.
Entry @ 57.45
Stop loss @ 51.6
Target @ 64.2
Consider it for only educational purpose
Volumespike
Flag and pole Breakout in HikalFlag and pole Breakout in Hikal in hourly chart
Supporting to our previous analysis in the day chart (Parallel channel breakout), here we can see flag and pole breakout in 1hr time frame.
which suggests there is a high chance of continuation of uptrend.
To know more refer below link of daily chart
BSE:HIKAL
Parallel Channel Breakout in Hikal LtdParallel Channel Breakout in Hikal Limited
Stock was trading in a channel from past one year.
Now we can see this channel has been broken with good volume and candle.
Stock has a potential to reach 500+ level in coming days.
Ideal stop-loss be at 240.
This is just a view, not a recommendation to trade. do your own analysis before taking any trade.
Share your opinion in the comment section.
NSE:HIKAL
Astra Microwave daily chart analysisStock is at important Supply zone.
For the upside movement stock has to close above 290-300 Level with good candle & Volume.
There is high chance for a retest , if it is coming for retest then 250 level should be strong support. If it break that level then upside movement will be paused for some time.
Stock has a potential to reach 380-400 level, if it close above 290-300 Range.
Keep this stock in watchlist, wait for the proper Breakout to enter. as now it is at important supply zone.
This is just a view not a recommendation to trade. Do your own analysis before making any trade.
Share your opinion in the comment section.
NSE:ASTRAMICRO
All time high breakout in Astramicro Updated View
All time high as wells channel breakout in Astra Microwave Pr in daily chart frame.
Stock broke its important Supply zone with good volume and candle.
For the upside movement stock has to close above 313 Level with good candle & Volume.
There is high chance for a retest , if it is coming for retest then 290 level should be strong support and good chance for re-enter.
Stock has a potential to reach 380-400 level, 268 will SL.
This is just a view not a recommendation to trade. Do your own analysis before making any trade.
Share your opinion in the comment section.
NSE:ASTRAMICRO
15 years Channel breakout in Ruby Mills15 years Channel breakout in Ruby Mills.
Stock has a potential to reach 900 range in coming weeks.
For the further upside movement stock has to close above 587 range in a weekly chart.
Now, 500 range should act as support. 425 will be the ideal SL.
This is just a view not a recommendation to trade. Do your own analysis before making any trade.
Share your opinion in the comment section.
NSE:RUBYMILLS
Multi-year channel breakout in Nava LTDMulti-year channel breakout in Nava LTD.
In weekly chart we can see a clear breakout in Nava ltd.
231 range was the all time High. Recently that level brokered therefore it should turn as immediate support range.
Stock has a potential to reach 400 level in coming days. For that it has to sustain above 250 price level in weekly chart.
195 will the SL.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
Share your opinion in the comment section.
NSE:NAVA
Channel breakout in Kirloskar Oil EngiChannel breakout in Kirloskar Oil Engi.
Stock has a potential to reach 200-220 Range.
12 Aug we saw breakout candle with good volume.
For upside movement stock has to close above 180 range .
170 should act as immediate and important support.
Risk averse can keep 160 as SL. Risk taker can keep 149 as SL.
This is just a view not a recommendation to trade. Do your own analysis before taking any trade.
NSE:KIRLOSENG
Acrysil forms a triangle !!Acrysil has been under a resistance zone for 70+ days and has formed a beautiful triangle patternwith support of the 50EMA. High volume cue has
been given and a break above the resistance and the 200EMA provides a possibility for a long trade.
3 targets
T1 should hit in a short span while T3 may take a
few months with pullbacks.
Stop loss below the 50EMA should suffice
Favourable risk to reward ratio.
Keep It Simple
INFO Edge (NAUKRI): Cup with Handle patternINFO Edge (NAUKRI): Cup with Handle pattern - Strong trend and strong closing with heavy volume. Buy between 5870 to 5890. Please trade with SL. Trail stop. Remember position sizing. Always respect Risk.
Disclaimer: This idea is posted for educational purposes only. I'm not a SEBI registered advisor. Please consult your certified financial advisor before trading/ investiong.
The trading rules I live by are
1. Cut losses.
2. Ride winners.
3. Keep bets small.
4. Follow the rules without question.
5. Know when to break the rules.
- Ed Seykota
Where we can expect nifty to settle this week.We are up to the March 3rd expiry. Looking back, we are going through such a dramatic market condition. Last week was so tough as an option seller. but looking at the chart nifty at an important range. nifty cross between 16750 and 16850 with strength, but it couldn't be sustained. As it is currently a news-driven market, we can see wild movement at any time. Gaps up and down make a nightmare for option sellers. Carrying overnight risk will hit you hard. But looking at the premium everywhere, it's tempting to be in a long position. But still, the vix spike gives MTM fear. What I am looking at is above 16850, 17040 and below 16350, 16000. Let's see if the wild moves in between the range or if it breaks. Currently, I have 15550PE and 17550. Let's see if I can squeeze those premiums and make a good adjustment.
Breakout in BEPL (TECHNO FUNDA PICK--2)Ascending triangle BO in BEPL with good volumes
volumes picking up in uptrend and dry up in consolidation
For momentum players
Buy at CMP (Add till 175)
Target 224-250
SL--145 Closing basis
For Fundamental investor
Add on every dip
(My average price is 151)
Market Cap-- ₹ 3,083 Cr.
Stock P/E-- 9.25
ROCE-- 86.1 %
ROE-- 64.3 %
Company is almost debt free
Mcap FF (Cr.)---1,386.02
Please maintain SL closing basis as this is small cap stock
Risk 1-3% of your capital(so plan position sizing base on this)
My trading view ideas past accuracy around 71%(Please maintain your SL)
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON VARDHMAN TEXTILES.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
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.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON APAR INDUSTRY LTDIn this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
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.