Volume
Gabriel Cmp 248 Long 6 years Rounding Pattern BO with VolumesGabriel Cmp 248 dated 18-8-2023
Weekly Chart - Investment Pick
1. Long Rounding Pattern BO @ 222 (BO of 6 years consolidation) - Done
2. Volume Rise
3. RSI BO done
Buy above 252 target 315-400-485 SL 200
It is just a view, please trade at your own risk.
IRFC (Indian Railway Finance Corporation Ltd)In my analysis(for 1-2 weeks), I've identified a potential trade idea for the IRFC stock. Based on my evaluation, I see two profit targets. The first target is set at 56.4, while the second target is at 60.4. To manage risk, it's important to establish a clear stop-loss level.
**Trade Idea:** Consider a long position(1-2 weeks) on IRFC stock with a first profit target at 56.4 and a second target at 60.4. Implement a well-defined stop-loss strategy to manage risk effectively.
1st Target--> 56.4
2nd Target --> 60.4
Thanks
Kambi
$ASHOKLEY - Weekly Chart AnalysisStock is consolidating at the resistance for the past 4 weeks. Resistance levels are tested the resistance level thrice. Volumes have been drying since 2021. Stock is trading and sustaining above the major key moving averages. Keep it in your watchlist. We need minimum 2 weekly close above 169.45 for it to confirm.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you want to trade then please do your own due diligence and trade on your own risk.
PRIMESEC - Weekly Chart AnalysisStock have made a nice rounding pattern and is on the verge of breakout. Volumes have increased too. Keep a watch. Once breakout with volume support it can test 193-215 levels above.
Disclaimer: This is just an analysis. If you want to trade then due your own due diligence and trade on your own risk.
Finolex Pipes Cmp 247 Rounding BO & Volume RiseFinolex Pipes Cmp 247 dated 1-9-2023 (2.12 pm)
Weekly Chart (Positional Trade)
1. Rounding Pattern BO 245
2. RSI already done BO
3. Price Rise with Volume Rise
Buy @ Cmp for tgt 275-300-315-330-350-365
SL 220
It is just a view, please trade at your own risk.
Keep a watch on Sterlite Tech!Sterlite tech is looking strong as a positional trade.
Recently, we have seen a good run in Birla cable as well which is a competitor of this company in manufacture of optical fibre cables.
Stock can be added at CMP or on dips till 155. SL is below 140 WCB.
Minimum target is 200. Above that stock can go till 235, 280 which are the fib levels as well as strong supply zones.
Today, stock has shown good buying with volumes bouncing from a strong demand zone of 145-150 with a short term trendline breakout as well. Keep this stock in your radar.
Idea shared only for educational purposes!
Filatex - Bullish divergence RSI and PriceA bullish divergence happens when the Relative Strength Index (RSI) shows a low reading indicating oversold conditions, followed by a higher low in the RSI, while the price continues to make lower lows. This pattern may indicate that bullish momentum is building, and when the RSI breaks above the oversold level, it could be an opportunity to enter a new long position.
Above statement has been explained in the chart with invalid setup, when to enter and target to achieve.
Note: This chart is just for educational purpose.