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Zomato's Potential Trajectory: From 96 Breakout to 115+ Target**Trade Idea:** If the price manages to breach the levels of 95.5 and 96, the next target is likely to be at 100 Rs. This could potentially be achieved within a span of 5-6 days. Following this achievement, the 100 Rs. mark might act as a psychological resistance point. However, there's a possibility of the price briefly touching around 104 Rs. in approximately 1 week, before retracing to around 99 Rs. Beyond this phase, the target could potentially surge to 115 Rs. or more, over an estimated timeframe of 3 weeks. Note: Implement a well-defined stop-loss strategy to manage risk effectively. 1st Target--> 100 2nd Target -->104/105 3rd Target --> 115 Thanks Kambi
NSE:ZOMATOLong
by kambi123
3
Dual Bollinger Band Jackpot Strategy.This is a strategy for Swing Traders who just want to capture the swing and don't want to hold the stock for months. This strategy requires 3 indicators:- Bollinger band (20,2) and Bollinger band (20,1) Volume MACD Trade Setup for Long:- 1] The candle which closes above UB 2, we will call it BREAKOUT CANDLE. The BREAKOUT CANDLE should have following properties; a) The volume of this candle should be greater than previous TWO CANDLE's volume. b) MACD histogram and MACD line should be greater than zero. 2] There should be minimum TWO CANDLES just before the BREAKOUT CANDLE which closed between UB 2 and BASIS. Those TWO CANDLES should consists of atleast one RED CANDLE. And that RED CANDLE should not touch the BASIS. TIMEFRAME:- DAILY CHART. When all of the above requirements is fullfilled we can BUY above the high of BREAKOUT CANDLE. STOPLOSS is 1 point below the low of BREAKOUT CANDLE. TARGET is 2 times the STOPLOSS. DISCLAMER:- this is for educational purposes only. DON'T apply this startegy directly with real money. First do paper trade and see the results and analyse the profitability of this strategy.
NSE:JSWENERGYEducation
by anuragsahu614
2
$TORRENTPOWER - Weekly Chart AnalysisSince Nov21 the stock was trading in the range. It broke out with good volumes in the end of June23. It made a huge wick on the upside which shall be concerning but it can be the profit booking. It has retested the breakout levels recently. Last week we saw good buying coming in with volumes. For further confirmation, we should keep a watch on it and wait for a weekly close in the range or above 633-650 (Orange lines) with good volumes which may confirm further move. Stock is also trading above its key moving averages which builds our conviction. Disclaimer: This is just an analysis and not a buy/sell recommendation. If you want to trade then please due your own due diligence and trade at your own risk.
NSE:TORNTPOWERLong
by marketmoneymohmaya
$IRCON - Weekly Chart AnalysisA new all time high close. Stock was consolidating for a while now and have gave a strong breakout of that consolidation. It's kind a flag pattern breakout too. All the key MA's are rising too. If we draw a trend based fib extension than ideal levels it can test is 100 (~161.8%) and 114-115(200%) is which we get. An ideal pullback to the breakout levels can be the best entry points with low risks. Disclaimer: This is just an analysis and should not be considered a buy/sell call. If you intend to trade this counter then please do your own due diligence and trade at your own risk.
NSE:IRCONLong
by marketmoneymohmaya
2
TATA MOTORS LTD - BULLISH SYMMETRICAL TRIANGLE BREAKOUT1 . Chart Pattern - Bullish Symmetrical Triangle 2. Chart Pattern Description - A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. 3. Trading rule of Chart Pattern - The Symmetrical Triangle pattern is a common chart pattern used in technical analysis. It is a continuation pattern, which means it often leads to the continuation of the existing trend. Here are some key trading rules for the Symmetrical Triangle pattern: Identification : Look for a price chart where the price is moving within converging trendlines, with lower highs and higher lows. The trendlines should meet at a point, forming a triangle. Entry Point : Traders often enter positions when the price breaks out of the triangle pattern. If the previous trend was bullish, a breakout above the upper trendline is a potential buy signal. If the previous trend was bearish, a breakout below the lower trendline is a potential sell signal. Volume Confirmation : It's essential to see a noticeable increase in trading volume when the breakout occurs. This can help confirm the strength of the new trend. Price Target : To set a price target, you can measure the height of the triangle at its widest point and add it to the breakout point in the case of a bullish breakout, or subtract it from the breakout point in the case of a bearish breakout. Stop Loss : Implement a stop-loss order to manage risk. This is typically placed just beyond the opposite side of the breakout point to limit potential losses. Confirmation : Wait for confirmation of the breakout. Sometimes, prices can briefly break out of the pattern but then return within the triangle. It's generally safer to wait for a close above or below the trendline before acting. Time Frame : The duration of the pattern can vary, but the longer the consolidation within the triangle, the more significant the potential breakout. Remember that no trading pattern is foolproof, and risk management is crucial in trading. Use the Symmetrical Triangle pattern in conjunction with other forms of analysis and risk management strategies to make informed trading decisions.
NSE:TATAMOTORS1!Long
by CA_Anand_Navander
PRESTIGE ESTATES for 25% (approx..) GainPRESTIGE ESTATES PROJECTS shows consolidation Breakout on weekly chart , It has given 20 months or approx 80 to 85 week consolidation breakout and it is important. The Realty sector is also in strength . One can initiate the trade with the help of his personal research. Delivery is also very high on weekly basis. Here you are seeing the monthly chart breakout on weekly basis. CMP : 536 TG : 650 SL : Below Previous candle R/R : 1.8 times (Risk to Reward) Stock's selection based on 5 Point Analysis: 1: Idea : Breakout. 2: Support : Volume, Delivery . (To view this, click sedg.in ) 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. (To view this, click sedg.in ) 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. (To view this, click sedg.in ) 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. Learning : Stop loss is very important concept in stock market it will protect your capital but prepare to invest in another to recover your money from other one. If you don't know what is this ? how to place it ? go to youtube there are 100's of videos available, learn from it. " Learning is Life ".
NSE:PRESTIGELong
by SthitaprajnaYogi