Weeklychart
Welspun- BO above 5 yr Resistance, Can Rally 60%NSE:WELSPUNIND
Multi-Year Breakout above 5 Year Resistance of 89
Huge Gap in Weekly Charts filled after 5 years and 3rd Breakout Attempt
Short Term Tgt : 103 - 113 - 121
Time Frame : 1- 3 Months
Long Term Tgt : 160
Time Frame : 3 - 12 Months
R:R - 1:5
SL : 76
Golden Cross Over & +ve RSI Divergence
Mirza International Weekly Breakout #BREAKOUTSTOCKS
Mirza Internationl gave a clear breakout on weekly charts and Closed above its 200 DMA.
Now 84 is the near resistace after that 100 above will be the target Keep Sl below 57.
This is for educational purpose only.
Check out my previous study on CANBK also.
Breakout In LARSEN & TOUBROA Range Breakout on WEEKLY and DAILY Timeframe can be seen in LARSEN & TOUBRO. Would suggest to go Long or make long Position at CMP or also can enter in that zone if it doesn't close below the zone on weekly timeframe. Can be a good positional trade for the target of level 1885 or you can also consider latest dip as a upside target with strict stop-loss of 1511 level OR you can also consider given zone as a stop-loss if breaks and closes below the zone in weekly timeframe at 1585 level (only on closing below basis on weekly timeframe). And if manages to close above the given zone of 1586-1607 in MONTHLY TIMEFRAME chart it'll be considered as a MULTIYEAR BREAKOUT, Will update Target if SO happens.
THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
BATAINDIA - Retest Structure - Swing TradeThe 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 markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON PFCIn this self explanatory series i will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading
WEEKLY DURATION MAJOR TREND LINE ANALYSIS !BPCL is clearly seen taking support from its major trend since past 1 year. It is very difficult to break this trend line. Hence it is good opportunity to go long with small SL.
Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for smooth entry.
Put stop loss little below the trend line and aim for at least 7%+ target or as per your holding power.
This is major trend line analysis done for mainly educational purpose , feel free to share your views/feedback.
GODREJCP | Strong and value stock - Getting ready for 30%GODREJCP | Strong and value stock - Getting ready for 30%
CMP : 736 (We are tracking from 670 zone - ref chart is attached below)
SL : 680
Target : 970
1:7 risk reward setup - Cane take several weeks to reach target as it is weekly candle analysis.