BPCL | Things aligned properly - Looks good for investment than short term trading
High dividend yield,
Has atleast 60-80% room to rally.
Technically a good setup aswell.
ALOK INDUSTRIES ..corrected from 35 sub level to 28.50 level and todays 1 hour candle form BULLISH W PATTERN ON CHART. stock seen trendline support as well as 200 SMA support at breakout line .. RSI at bullish from oversold level at hourly chart,
From current level cmp 29.25 stock has potential upside 20-30% IN Short term.
BUY ALOK INDUSTRIES. @ 29.25
As you can see in this chart, in the previous time stock has made w pattern & given the breakout.
Now stock is at the same position, if Stock goes 189.8, you can buy this trade for the target of 195.
After a huge correction of market, it again went to green but forming a W pattern. Tomorrow market may go again negetive in the first hour and may be positive after 12:00pm to 12:30 pm possibly.
On exipry day market may start a great bull rally depending upon the move of the market of tomorrow if it makes the w pattern. Levels are given in chart
HINDPETRO | Promising consolidation - Looks good for 50% - Big move above 232 zone.
Making of W pattern
Consolidating in Flag
CMP : 220
SL : 200 (Just for this position)
Target : 330
1:5 risk reward setup
LICHSGFIN | Double bottom with RSI divergence (W pattern) for 8% to 15%
(2 Hours time frame)
CMP : 466 (Dip : 459)
SL : 450
Target : 506, 535
Almost 1:4+ risk reward setup
This is a small seperate trade, old weekly chart is still good for long time. Consider this as a seperate new trade
KIRIINDUS | Double bottom / W structure - 30%
CMP : 464 (Dip 450, 440)
SL : 400
Target : 615
Normally i dont time the market, but this setup looks we can expect result in 5-8 weeks
Almost 1:4 risk reward setup
RELIANCE | Small swing opportunity in lower time frame
CMP : 2028
SL : 1960
Target : 2216
1:3 risk reward setup.
Risk reward is good
Taking trendline support in daily time frame.
Positive RSI divergence
Cons : It also deceiving my eyes with Head & Shoulder pattern