NSE:TEXRAIL
Pattern : Ascending Channel
What is Ascending Channel?
An ascending channel is the price action contained between upward sloping paralle lines.
We can draw trendline by connecting Higher high and higher lows to form a channel.
Support and resistance zone can be seen by connecting wicks.
Ascending channel shows uptrend of an undelying.
Breakout...
Accumulate 30% LAGNAM At CMP
40% LAGNAM At 60
40% LAGNAM At 45
TARGET 80/90/110 SL 40
Time Frame 2- 3 Months
Incorporated in 2010, Lagnam Spintex Ltd is engaged in the business of manufacturing Ring & Open end Cotton yarns for domestic and international market. It exports to countries like Portugal, China,...
Nifty is on sideways trend-
Theory to proof.
1.19Oct-2021 price created new higher high.
2.After that price start falling from new higher high.
3.During fall price created weekly supply zone.
4.On monthly time frame we can not say price created monthly supply zone.
Reason- we have only single leg-out candle on monthly frame without any follow-up.
5.On...
Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting Supply and Demand Zones Testing and Retesting
Almost 2 years period ADITYA BIRLA Capital stock price is below 118 price. We have seen breakout in this stock on last feb 2021 after that stock is sideways but soon we can see big upside movement in this stock.
So it's right time to buy it. Targets are marked by green horizontal line.
Multibagger media sector stock , ZEEL have potential to move from @cmp to it's last all time high.
Can be move from 200 price range to 600 plus price range on coming year.
This fact no one will disclosed. Retailers will get know when stock will be 300 or 400 price range by through news channels.
Now it's your choice. You can ride from the beginning or wait...
Suntv near multi-year breakout , have a good potential.
1st safe target after crossing 680 is 800 , stock will struggle little bit upto price range 680. After few up and downs we can see other targets
2nd 900 , 3rd 1000 near about and final new all time high.
Compression. entry based on arrival type
Hello everyone, if you like the idea, do not forget to support with a like and follow. Feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
-This is merely MY outlook and not advice on what YOU should do just my opinion on what I see
It is just a view, pls trade at...
The stock has been trading a zone for ~3 months. Breached the resistance level with bullish candle and volume.
Can be bought at the current level of 226 for a possible target of 240.
Note: Educational purpose
The stock has given resistance breakout and zone breakout.
Can be bought at current levels of 122 for a possible target of 126/133.
Note: Educational purpose
Eichermot broke out exactly at the 200DMA. Good zone for potential upside from here. Will be trading every rally for a couple more weeks. If nifty also starts to move it will be catalyst for Eichermot.
It's in the accumulation phase here.
One can collect it in between 127 to 141.
147 is of high resistance.
If it breaks 147, then we can see 160 and 190.
Play with a strict stop loss of 127.
Short at 120
SL 126
Target 95
RR 1:4
Disclaimer
As BEL is related to defence, govt is taking stringent actions on imports of military goods.
Due to the news the stock is moving higher.
So this call is related to pure technicals not fundamentals.
Nifty - Technical Analysis:
-Nifty gapped up good today around 11400 and closed at 11378
-Nifty got back in trading range and not move on wither side is possible with a bullish bias
Market - Driving Factors:
-Gains in index heavyweights HDFC twins, Asian Paints and Axis Bank
-Bharti Airtel, ONGC, Tata Steel, HCL Tech and RIL were among the laggards. Of 30 Sensex...
Nzdjpy is in a very healthy uptrend with parallel channel . The price is making new support and resistance levels again and again in a parallel channel .
