SBICARD is at support levels and looks like it is ready for its next swing, the company has good fundamentals and as per the chart it has a good upside potential of up to 50% growth from the current levels. Overall it shows a very good Risk:Reward.
GOACARBON - Breakout in a Weekly timeframe with a good price-action on the cards. The company has good fundamentals and steady growth.
SHAREINDIA - Weekly breakout and retest successful. The stock shows a very healthy growth both fundamentally and technically. Great place to enter with a handsome risk: reward. Note: It's important to note that these observations reflect my personal views, and I recommend conducting thorough research before making any buying or selling decisions.
CYIENT LTD (1W TF) - Swing Trade Analysis given on 3rd April, 2024 Pattern: FALLING WEDGE BREAKOUT - Weekly Trendline Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress
Chart analysis on Weekly time frame: Analysis: 1. Resistance zone is tested 5 times before final BO making it very critical resistance zone. 2. Before BO, consolidation happened supported by volume build up which eventually indicates that the stock accumulation is happening. Breakout: Consolidation phase BO happened on 2-Feb-2024 followed by BO supporting...
This Logistics company has formed cup and handle formation on weekly charts. Technical Indicators show strength for the short run. Buy @ 74.40 with SL @ 62.58 and Tgt @ 93.24
TIMETECHNO - Weekly breakout and retest of breakout level after 4 years. The stock has been in a good bullish trend and has very good fundamentals. I would keep a tight SL (155) and a 1:2 risk reward.
This stock is looking for a break out from the Inverse Head and Shoulder Pattern on the weekly charts. Further, RSI is showing bullish Trend. Buy this stock at Current Market Price @ 538 with a stop loss of 490 and a Target of 700 for the Short Term
This Auto Ancillary stock has been under consolidation for a while. But technical indicators shows strength for a run. Further, it has been taking support at the 200 DEMA. One can buy at Rs. 61.45 with a target of Rs. 65.80 and closing above could run to Rs. 67.80. Keep Stop Loss of Rs. 58.69.
Chart analysis in Weekly time frame: Pattern: Basing pattern is formed in 5.5 years. Breakout: BO of ATH and Basing pattern and re-test of breakout is also performed. Volume: Volume spike is there during BO and the volume is above Moving Average. Trade setup: Entry price: 345.7 Stop loss: Below previous ATH 304.7 Target 1: 369.3 Target 2: 407.55 ...
DEEPAKSP - Weekly breakout completed and the stock is currently retesting its breakout level; The stock has broken out after a huge consolidation and has a good upside potential.
This FMCG Alpha is looking good for a short run. On daily charts there is a rounding bottom formation. While on technical Indicator front 20 DEMA is crossing above 200 DEMA and RSI is trending bullish, which shows strength in the stock. Buy at 2608 with a targets of 2730 and Stop Loss of 2450.
Atul is one of the major stock of chemical sector which has been correcting since past many months. We have seen a reversal in chemical stocks and similar reversal pattern is visible in Atul as well. A clear flag breakout in weekly TF is visible. Confirmation is above 7600 Stock can even touch ATH if the rally continues for an year. Keep this in watchlist.
IRCTC has given a breakout at the 840 level. Closing above 840 (W) might open gates for 911, 1020, 1129, and 1284 levels. Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
Weekly Chart : Cup and Handle Pattern formation, CMP 158.85 Target : 399.15 SL : 110 Risk is yours and Reward is too yours totally. Reward : Risk Ratio = 6.17 : 1, Time Frame : 1 to 3 years. View is educational purpose only.
WHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements. Price Targets: In the event of a confirmed breakout,...
This Auto Ancillary Stock has been beaten up enough. On the Technical Indicator RSI for Daily, Weekly and Monthly chart is gaining strength. However, care should be taken cause any correction in stock could take a deep dive. One can take a risky bet for a Target of Rs. 620 and above which could rally upto Rs. 700. A very strict Stop Loss to be kept at Rs. 550 and...
Clean weekly breakout in BHARTIARTL - Great fundamentals and excellent upside potential. Good time to enter.