KAYA LTD - Symmetrical Triangle - MonthlyKAYA LTD formed Symmetrical Triangle pattern on Monthly chart.
Formed symmetrical triangle and given breakout with very huge volume and retest done .
RSI is looking good and taking support
ROCE going minus every year since last 5-7 years :(
poor sales growth since last 5 years :(
FII's and DII's has increased their holding little bit since last 2 quarter.
What will happen next quarter ? will it go sideways or downtrend will start ?
Resistance1 : 505-511
Resistance 2 : 590-600
No Entry, No Targets until positive results or news coming :)
Volume
Equinox India - Cup & Handle and Downward channel BOEquinox India has given a BO from downward channel and is also making an Cup & Handle pattern on weekly time frame. This looks quite positive and post breakout of Cup & Handle pattern it is heading for 3X returns. Other factors:
1. Recent accord of merger with Embassy group after 5 years makes Equinox is leading listed real estate company with one of the largest land bank.
2. After 2008, it has given breakout out of downward channel.
3. Cup & Handle is in making on a higher time frame so on breakout it can move 3X.
4. Volumes are also building
5. Price-Book ratio (1.7x) is lowest among other real estate players
Do keep this stock in your radar!!
Keep following @Cleaneasycharts as we provide Right Stock at Right Time at Right Price.
Cheers!!!
MAX HEALTHCARE - Bearish after breaking down from Double Top
DOUBLE TOP PATTERN -
market has broken down from perfect double top pattern indicating potential downward fall for the stock
VOLUME SURGE -
market has shown sudden volume surge recently indicating downward fall is coupled with strong volume
NEARING 100D SMA -
market is hovering above 100D sma. In past, it had touched the 100D sma whenever it has come close to it indicating market may soon fall to touch this moving average
TARGET -
price may fall till the target of 1008
GODREJCP : Morning Star Pattern at SupportGodrej Consumer Products has given breakout near 1100 and now it is retesting its level and making a Morning Star Candlestick Pattern on Support this is a good sign for a stock.
There is a Saying in stock market "Retest Stocks are the best Stock" ... if it will follow this proverb we can get a good profit with Trailing Stop-loss..
All data is available in public domain..
CMP : 1140
TG : near ATH
SL : Doji's low
Stock's selection based on 5 Point Analysis:
1: Idea : Breakout Retest.
2: Support : Volume, Delivery .
3: Technical : Morning Star Candlestick Patter at support.
4: Fundamental : PE, PAT, Industry & peer PE and sector performance.
5: Timing : Entry Timing on Daily chart.
Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk .
Please consult your financial adviser before taking any decision.
Bharti Airtel Cmp 1682 Triangle BO with VolumesBharti Airtel Cmp 1682 dated 13-12-2024
1. Ascending Triangle BO @ 1685
2. Price rise with Volumes
3. RSI BO
Buy above 1685 SL 1630 target 1700-1715-1730-1745-1750-1760-1770-1780
Pattern target 1860 SL 1585
It is just a view, please trade at your own risk.
Policybazar-A rounding bottom pattern of ATH breakoutPolicybazar has formed a beautiful rounding bottom pattern and is now looking strong for a strong bullish trend.
Stock belongs to new age startup category and investing has more risk associated compared to bluechip stocks.
ATH breakouts are usually explosive and can be considered for quick swing trade as well.A similar pattern was observed in Zomato and stock has given good returns since then.
Idea is just my personal opinion and not a recommendation.
Classic head & shoulder now 1473 looks attractive Natco PharmaHi Investor,
Chart looks attractive stock near 52 week's high. Today pharma index supporting advise.
Stop loss and target as mentioned on chart. Correction done in Natco pharma.
Inverted Head & shoulder is formed when recent down trend gets reversal.
In Natco Pharma same condition is forming.
Have Patience to wait in the stock with strict stop loss.
I or you never know future it is just projections of future.
Trade at own risk I am not advisor better Observe stock performance to gain in future and stick to condition of Inverted Head & Shoulder pattern only.
Well wisher Happy Investing
Bajaj Health Care now 431 looks good on chart Key Point in chart:
(1) New support : 431 which was previously a resistance, now broken with volume.
Target 1 : 490 , Target 2 : 538 , Target 3 : 602
(2) Price structure : The chart show double bottom & Inv. head & shoulder which are positive signals. A projected price rally is shown, aiming for 490 and so on.
(3) Fundamental analysis : The stock's quarter on quarter earnings have increased. This is positive signal, supporting the likelihood of a breakout.
(4) Stop Loss : Suggested Stop loss is at 385.
DCM Limited Exhibiting good Price Action. Risky proposition.
Microcap company.
Exhibiting good Pricie Action.
-Rounding Bottom.
-Darvas Box Breakout
-Breakout with Huge Volume.
-Wide Range Clean candle without any wick
-Dry volume when pulling back.
-Break Away Gap.
We talked about the positives now let's dwell on the negatives.
-Ideal entry missed.
-micro-cap company which increases the risk
One can trade it in 2 ways.
1. Wait for a retest of 113 levels. Add 30%-50% now and add the rest after retesting.
2. Wait for a breakout of 146, which is the ATH.
Keep SL low of the break-out candle.
Selecting this stock mainly for
-The volume
-Good clean candles.
-Break away Gap
I have laid out the possibility. Now it is time for you to do your due diligence. Remember this is a risky trade. Do not trade solely on tips. Enter only if you understand the Risk, the price action and the company.
Peace...
Ruthless Price and Vol. Breakout in MAHSEAMLESNSE:MAHSEAMLES Ruthless Price and Vol. Breakout in MAHSEAMLES Closing above 200 DSMA.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.