DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view!
Thanks
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock...
MANAPPURAM has successfully taken support at its long-term trendline for the last 6 years. The stock has touched this trendline and bounced off of it every two years since December 2016 (as shown in the chart). Another bounce happened in May 2022 and the price is still in a buy range.
This looks like a good place for accumulation. Price targets can be 126, 145,...
NSE:BANKBARODA
Fibonacci BO > 94
Retracement after Cup & Handle Breakout complete
Now, CMP above 50 & 200 Week SMA
This is a signal for start of new positive trend.
Tgt: 108-126-137
SL: 78
RSI > 55 and increasing
Cup and handle Breakout in LG Balakrishna & Bros weekly chart.
Stock has given breakout from its cup and handle pattern. For pattern confirmation price has to close above 755 in weekly chart.
730-680 levels should act as strong support if the price is coming for the retest. For further strong up move, price has to close above 775.
All possible targets are...
NSE:KSCL
The prices have given breakdown from the Head and Shoulder pattern in weekly timeframe. The stock is underperforming the NIFTY from 2Y which shows weakness and bearishness. The MACD indicator is bearish. The RSI is under 50 which shows weakness. The SL is around 520 levels and the target is around 340 levels. This view is for 1 to 6 months.
Disclaimer...
Recent Resistance breakout in a BATA IND weekly chart.
For retest 1900 should act as important Support.
Targets are mentioned in the chart.
1750 will be Ideal SL.
This is just a view, not a recommendation to trade. Do your own analysis before taking any trade.
NSE:BATAINDIA
Stock is having potential to reach 700 range, as we can see cup and handle breakout with good candle & volume.
For that stock has to sustain above 400 range in this weekly. as we are analysis weekly chart.
At present we can see 52 week high and its all time high 414 level is broken.
420 range is the best for 1st re entry price, next 400-405 Range for...
There is a high probable Cup and Handle pattern forming in Weekly Chart.
123.90 was the 23 Apr 2018 High, from that level Stock started falling. After 4 year, in Jan 2022 it again came to that level & got rejected. Now again stock came to that level which gives an idea that bulls are interested & bounce back very quickly, even made new high of 127.65 but couldn't...
Recently we can see a Cup and candle Formation(5 years), and this week, cup and handle pattern broken with maruboze candle which is supported by good volume.
supporting this pattern , now its all time also broken and formed new high of 1914.70.
For the further upside movement its should break 1915 properly in a weekly chart, then is can go till 2840 range at the...
In a weekly chart there is ascending triangle breakout in Armanfin and also broke its all time high 1121 with volume. As per pattern target stock can go till 1990. Its a purely technical call not a fundamental. Do your own analysis before investment.
Stock is near its all time high and we can see possible rounding bottom formation in Swanenergy. Power Sector is in uptrend, we can see in ADANIPOWER and TATAPOWER. Swanenergy's all time high is 236 and in day chart price is closed above that level(242). if it breaks 230-250 range with good volume then stock can go till 385. Fundamentally company is not that much...
Took POSITIONAL long trade in maithan alloys
Entry 1270
Tgt 1560
SL 1125
Know your risk. Respect SL and Exit immediately is SL hits as long weekend and if broader market weakens due to bad news then loss will be more.
Good luck
#vr
NSE:SUPRAJIT
Consolidating between 390-470 since Nov 2021
Multi-Year Rounding Bottom Breakout
Tgt : 470 - 540 - 630 - 720
SL : 310
Golden Cross Over
Weekly RSI>55 since Jul'20
NSE:NAHARPOLY
Fibonacci Breakout with ATH Closing
Triple Bottom Base with Volume Contraction Pattern
Strong Support at Fibonacci Levels
Potential : Minimum 50%
Target: 391-437-512-558
Weekly RSI> 55 and rising
Volume Rising
Previous Chart of NaharPoly (Which achieved all targets) is provided in the Link below
