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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!
NSE:STLTECHLong
by chartistamey
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.
NSE:FILATEX
by hardeepssethi
2
GRAUWEIL for 25% (approx..) GainGrauer & Weil (India) is showing breakout on daily chart. today volume is also bust. One can capture the move of 20 to 25% move Disclaimer : This stock is neither a part of Nifty 500 nor even Nifty Microcap 250. This is a recent listed stock. CMP : 113 TG : 140 SL : Below 21 EMA 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.
GLong
by SthitaprajnaYogi
3
Ascending Triangle and it's meaning - understand using HALHow to identify an Ascending Triangle on chart and what does it mean? Let’s understand this with current chart of NSE:HAL (dated 21-Aug-2023). • Ascending Triangle is a bullish formation that generally gets formed during the uptrend and confirms the continuation of uptrend. • Ascending Triangle pattern indicates the accumulation and gives bullish buy indication before breakout. • NSE:HAL during its uptrend journey created break out from its uptrend channel on 7-Jun-2023. • However, post that it has gone sideways and started forming an Ascending Triangle. • Ascending triangle is created when price consolidates in the uptrend direction for some time by facing resistance at same level on the upper side of the triangle. Whereas the bottoms keep increasing. • Volume starts getting decreasing from the starting point of the triangle. • At one point, we will get Break Out from triangle with huge volume and uptrend will continue.
NSE:HALEducation
by vicky252
Cup and handle in Mishra dhatu NigamMIDHANI has formed a beautiful a beautiful cup and handle pattern from 2020. Now, the stock is standing near its neckline and is looking strong. However, the stock has rallied from quite some time now so wait for consolidation after breakout or a retracement to get a good SL. Currently, 230 is a strong support. Positional Target can be 350 which is 90 points(the length of handle above the neckline) . Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
NSE:MIDHANILong
by chartistamey