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
Volumespike
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.
FULL LENTH EXPLANATORY ANALYSIS ON JINDAL STEEL AND POWER.Few pointers from my analysis on JINDAL STEEL AND POWER.
1. The stock has been in a significant uptrend , making higher high and higher low formation.
2. The stock has consolidated for good amount of time in the big continuation flag pattern.
3. The stock has been respecting all major Fibonacci retracement levels and has in-fact retraced upto fibo .618 level , which is golden ratio, considered a very healthy retracement on an uptrend.
4.The stock has recently broke out of the flag pattern with decent volumes, can expect a good momentum going forward on shorter-term
5. On RSI as well the breakout and retest has happened.
Entry : can be taken near by 410-415.
Timeframe used : Daily.
Targets:
T1 : 440 (FIBO .236 LEVEL)
T2 : 500 LEVELS (ATH ZONE)
T3 : 540 (PATTERN HIGHT TARGET)
Stop-Loss : 373
Conclusion : overall the setup is Bullish and high-probability for performing going forward.
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 MTARTECH.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 CDSL.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.
Laurus Labs - A momentum StockAfter a good uptrend, the stock has seen a price correction or one should say weak hand removal. This becomes a good accumulation zone for the sharks. The stock has been taking support at same level which shows that there is strong buying at that level.
The stock has been outperforming the sectoral as well as benchmark index. A gap up today confirms that the momentum is still ON.
But watch out for the current level at which the stock is trading, It has spent a lot of time at this level which becomes a good supply zone. Also, see the 1H chart the current point is acting as a resistance. It is also at a crucial fib level. A decent closing above this point on H time frame will take the stock again to 720 levels. And now that you are on 1H chart, notice the volumes with increase in price.
I am sure you will also analyse this stock and make a entry acc to your setup. Do comment any contrary view or anything else you would want to know further:)
Happy Trading!
BOSCH limited | big volume |30 % profit 🎈NSE:BOSCHLTD
Positional Trading opportunity ! Weekly Chart Alert !
Technical Reasons to trade :- 🧢
1> Big breakout
2> Huge volume breakout
3> trendline resistance mentioned
4> Retracement areas are shown through arrow
5> obvious support & resistance
6> RSI trend breakout
--CMP =13190
--Lot Size = 50
--Target = 17300 ( 30% )
--stoploss = 11175
--R:R = 2.2
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SELF EXPLANATORY SERIES : QUICK ANALYSIS ON DCMSHRIRAM.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 ABFRL.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.
SIMPLE AND EFFECTIVE TRADE SETUP ON VARUN BEVERAGESFew pointers about my analysis of VARUN BEVERAGES :
1.The stock has been in a continuous uptrend with lots of bullish continuation patterns ,which is good for healthy upward trend, higher the no. of valid patterns better it is.
2.The stock just broke out of an ascending triangle pattern , which is again is a continuation pattern.
3.Volume spurt : breakout supported by decent volumes, supporting bullishness.
4.RSI breakout on daily chart and trading above 60.
Short term view : Bullish
Timeframe used : Daily
Target : Use trailing SL or 50day MA
Take away: entry has not yet been triggered , ideally one should wait for retest to enter.
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.
#SONATASOFTWARE:Testing long term resistance level wid momentum #SONATASOFTWARE: Testing to breach its long term resistance level. Volumes increasing consistently confirms buying interest. Entry INR 365 (Closing Basis) Target range INR 385 to 410. SL/ Exit INR 347.
“Time is your friend; impulse is your enemy.” - John Bogle
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor. I'm not a SEBI certified financial advisor.