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Chalet hotes IHNS breakoutChalet hotels has given an inverted head and shoulders breakout. Currently, stock is consolidating above the neckline. A retest of 400-405 levels can give a good indication that the breakout is genuine and one can expect at least 100 points move which is the length of right shoulder. Long term targets can be 250+ points which is the length of the head. SL is deep around 30 points at 375 levels. Note:- Idea is shared only for educational purpose and should not be considered as a recommendation.
NSE:CHALETLong
by chartistamey
Long Westlife DevelopmentA Bullish Flag and Pole Chart Pattern Breakout happened on the weekly Time frame of NSE:WESTLIFE Price Action is well supported by the volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list. Initiate the long trade only according to the levels mentioned. Stop loss will be on weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish Flag and Pole Technical Indicator :- Positive MACD Crossover
NSE:WESTLIFELong
by raigvivek
RITES for 25% (approx..) GainRites is showing consolidation as well as cup and handle breakout and showing good volume breakout with good delivery. company holds good fundamental with solid FII, DII and Promoter holding. CMP : 450 TG : 560 SL : Below 21 EMA Stock's selection based on 5 Point Analysis: 1: Idea : Breakout . 2: Support : Volume, Delivery & VWAP. 3: Technical : 9/21/55/200-EMA, RS>0, MACD, RSI & Super trend up. 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.
NSE:RITESLong
by SthitaprajnaYogi
5
Analyzing LIC's Chart Trend: A Golden OpportunityThe Journey of LIC's Stock Price: LIC, one of India's most prominent financial institutions, made its debut on the stock market with high expectations. However, like many newly listed companies, its share price experienced a significant drop over the span of two years. This decline was disheartening for early investors but not entirely unexpected in the world of stock trading. What's essential in such situations is to assess whether the stock has the potential to regain its lost value and provide a promising investment opportunity. Building a Strong Base: One key aspect that often determines the future trajectory of a stock is the formation of a strong support base. During the downtrend, LIC's stock price seemed to have found solid ground, stabilizing around a certain price level. This stability suggests that sellers are losing their grip, and buyers are starting to show renewed interest. This is a critical phase where experienced traders keep a keen eye on the stock's price movements. The Fibonacci Golden Ratio: The Fibonacci Golden Ratio, a well-known tool in technical analysis, can offer invaluable insights into a stock's potential trend reversal. When applied to LIC's chart, we can observe that the stock has been displaying Fibonacci retracement levels that correspond closely to key price points. This alignment indicates that the market is paying attention to these levels, further reinforcing their significance. Entering the Trade: Now, let's discuss the optimal entry point for retail investors. As LIC's stock price consolidates between the ATH (All-Time High) and the NTD (No Trading Zone for Retailers), a prime opportunity arises. Retail investors should watch for signs of price stability and a break above the NTD, as this indicates growing confidence in the stock's resurgence. Once the price clears the NTD, it typically signifies a shift in market sentiment, with institutional and retail investors alike recognizing the stock's potential for a bullish run. However, it's important to exercise caution and avoid chasing the stock when it surges above the NTD, as this initial momentum can be volatile. Instead, patient investors should consider entering their positions during the consolidation phase between the ATH and NTD. This period allows for more stable and strategic entries, reducing the risk associated with chasing after a rapidly rising stock. Conclusion: LIC's journey on the stock market, from a steep drop in its listing price to the formation of a strong base and the signals from the Fibonacci Golden Ratio, paints a compelling picture for retail investors. By identifying the optimal entry points and patiently awaiting consolidation between the ATH and NTD, investors can position themselves for potential gains as LIC's stock recovers. Remember, successful trading requires thorough research, risk management, and discipline. Always consult with a financial advisor and conduct your own due diligence before making any investment decisions. The opportunity is there; it's up to you to seize it wisely.
NSE:LICI
by surendrachoudhary628
GMMPfaudler- Big move on the cards?GMMPfaudler was on my watchlist from past couple of months because of its beautiful consolidation after a fall. Recently, the company has announced good Q1 results due to which a breakout was seen in the stock. It was followed by some profit booking. On friday, the stock gave a gap down opening due to news(GMM selling stake in the stock) followed by a huge buying momentum. It seems like the gap down was a SL hunting move for the breakout buyers. The chart is looking very strong at CMP for minimum target of 1750 and 1970. SL can be below 1400 DCB which is a strong demand zone. However, since its a news based stock, the risk associated is higher. Please note that I am sharing this idea only for educational purposes. One can study and observe the chart as it could be a very beautiful example of how a big move is always preceded by SL hunting.
NSE:GMMPFAUDLRLong
by chartistamey