USHAMART :- Box pattern is made, keep an eye on stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on...
Fineotex Chemical Ltd
1) Time Frame - Weekly.
2) The Stock has been in a consolidation since (September, 2022). Now It has given a breakout & Closed at it's All Time High with strong bullish momentum in weekly time frame.
3) The primary trendline will act as a resistance around the price 577 in the short term.
4) Recommendation - Strong Buy
What a rally PSU stocks have shown in the past couple of years.
Definitely, EIL should be one of the multibaggers in the list with Make in India prospering.
Logic:
Weekly trendline breakout was done and after a retest, continuation of uptrend started.
INDIAN OVERSEAS BANK
1) Time Frame - Weekly & Monthly.
2) The Stock has been in a consolidation / Downtrend since (September, 2023). Currently the stock has given a breakout & Closed with strong bullish momentum & Good volume in weekly time frame.
3) The stock may reach the January, 2015's high (64.65) in short Term.
4) Recommendation - Strong Buy
SULA / Sula Vineyards Ltd - 5 months consolidation breakout | All Time High
1) Time Frame - Weekly.
2) 5 months of consolidation / previous All Time High broken in weekly time frame with huge volume.
3) Since the stock is moving in an uptrend channel it will find its resistance around the price (626.45 - 13% from today's close).
4) Recommendation - Strong Buy
Axis bank was in a range and has given its breakout with a very bullish candle and gave no chance to trade at that time but now the price seems to have RETESTED breakout level and started moving taking support from that breakout area.
Entry can be made at the current market Price of 867
Stop Loss would be at the last Swing i.e. 823
Reward - it shows a target of...
I daily make market analysis videos and posts on Financial markets
SR means Support and Resistance
PC means Parallel Channel
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
As you see in the,
.
JSW Energy touch two time 96.35 and then reverse.
.
But this times it gives a breakout in weekly time frame.
.
So you can buy this stock for positional Trade.
.
Target is 120 Profit: 20%.
.
Learn More Earn More
Bank Nifty ascending triangle pattern at weekly tf
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
As shown in chart, it formed double bottom pattern and gave trend line breakout + retest.
Possible targets:
1) 1550
It may face this resistance.
2) 1700
Feel Free To Ask For Any Technical/Fundamental Query
Educational Purpose Only.
Bank Nifty - Correction Expected at any time be cautious while taking Long position
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
BAJAJ AUTO -Parallel channel resistance R3 breakout at weekly time frame - Long
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
