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Castrol Ind Big Volume Blast since last 8 yearsCastrol Ind looks very attractive.. Fundamentals : Very Strong, Consistent growth on Sales, Profits and EPS. High Reserves vs very low debt. Only slight negative point is FIIs holding decreased in recent quarter still overall parameters are healthy Technicals : Very Bullish above 180 on weekly closing.. Harmonic pattern active + strong reversal indication with big volume spike after 7-8 years, 70 million vs Avg 13million weekly volume.. R 1: 180 R 2: 210 R 3: 240, Above that 270 + possible! S : 130
NSE:CASTROLINDLong
by GyanTrader_AKS
5
🚀 $BANKNIFTY Breaks Resistance: Long Position for ATH! 📈💹📈 Unlocking Potential: NSE:BANKNIFTY Breaks Resistance, Long Position Targets All-Time High! 🚀💼 In a significant development, NSE:BANKNIFTY has successfully shattered a key resistance level, marking a pivotal moment in its chart dynamics. This breakthrough signals an opportune time for traders to consider initiating a long position. **Why Consider a Long Position:** The breach of this resistance is often interpreted as a bullish signal. Traders view this as an indication of strength and potential upward momentum in the stock. Initiating a long position implies anticipating further price appreciation. **Setting Sights on All-Time High (ATH):** The strategic objective of this long position is to capture gains up to the All-Time High (ATH) level. ATH represents the highest historical point the stock has reached. Traders often set ambitious targets like ATH when they perceive favorable conditions for continued upward movement. **The Bullish Ascent:** With the resistance conquered and a clear path ahead, the stage is set for a bullish ascent. Traders entering a long position aim to ride the upward momentum, capitalizing on the positive market sentiment surrounding $BANKNIFTY. As always, it's crucial to conduct your own analysis, consider risk management strategies, and adapt to evolving market conditions. The decision to enter a long position should align with your individual trading strategy and risk tolerance. Stay tuned for market updates as NSE:BANKNIFTY unfolds its journey towards new heights! 📈💹 #BANKNIFTY #LongPosition #BreakoutTrading
NSE:BANKNIFTYLong
by ParthNanu
IRCTC - Ready to breakout again!IRCTC has given multiple small breakouts recently. Now it is on for a major one! IRCTC made double bottom pattern after a long consolidation of multiple quarters. It has now shown good volumes interest in past a few weeks and is ready to give the breakout from its previous high of 758. Once that is done it will be out of lower highs trends and get into higher highs - higher lows pattern. CMP: 740 Breakout level: 760 (751 will give the breakout but it will have another resistance at 760. So its better to take 760 as the breakout level. target: 870 SL: 738 Hope you make a lot of wealth. Remember: Skilled knowledge is the most precious wealth! Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
NSE:IRCTC
by anuragcoma15
1
Possible trend reversal break-out. #Evidence of bottom and trend reversal *As shown in the chart stock price has started forming higher high's and higher low's (3 higher high's and 3 higher low's) *Stock giving break out of bottom reversal inverse head and shoulder pattern,by clearing multiple previous pivot high's neckline *Stock crossing 200 EMA,re-testing it and moving back above it making higher pivot low *Every raise is accompanied by decent volumes,indicating smart money entering. Over-all at CMP of 25.50 one can go long keeping stop-loss at 20.00 and can expect prices to show 37-39 and 44-46 levels in coming days.Hence we have Risk reward of 1:3 Disclaimer:This are just my views on the stock no position should solely be taken on its basis.
NSE:TAKE
by UNDERDOG-29