SAIL 1 D chartLooks Bullish
Double Bottom completed
Trendline breakout given
Resistance broken
Volume looks good
Indus TowerA Perfect example of Adam and Eve Pattern - bullish reversal chart pattern .
Best buy on CMP: 352 -370 Range
SL : 328 or Last Swing
Target : Open
SpiceJet LtdSpiceJet Ltd is principally engaged in the business of providing air transport services for the carriage of passengers and cargo
4th Swing - On the verge of Breakout
1. Entry at CMP
2. Target1 - 65.9
3. Target2 - 74.5
4. Target3 - 94.5
5. Stoploss - 57.5
LT - breaking out of channel / Darvas BoxWeekly Chart
Previous trend was 'up-trend'
Price went in consolidation in horizontal channel
Price breaking out of horizontal channel
Stock has been outperforming Nifty based on Comparative RS indicator
RSI breaking above 60 levels and MACD histogram > 0 suggesting bullish bias
Trade Execution
Entry - CMP 3947 or on dips
Stop Loss- Weekly SMA + Swing low on daily chart 3628
Target 1 - Horizontal channel pattern height 600 points = 4455
BuyBuy hikal stop loss 400 closing target 485-498
Disc : It's not an investment advise to buy or sell.
SOUTHWEST - Triangle Breakout with all Hidden trendlinesView : Bullish
Entry Zone- 157- 162 (Triangle break and hidden trendline break)
Exit Zone - Based on Trader mindset. Exit 1 - 188
Exit 2- 215
Exit 3 - 240
Stoploss : Black color Trendline.
Risk/Reward Ratio: 1:1, 1:2 and 1:3
Timeframe: Daily
Notes: Triangle pattern breakout along with hidden line breakout. Price consolidates since Sep 2021.
* This is not a trading recommendation, for educational purposes only
1 % trade on Angel one around 2935 levels Angelone looks goos around 2935-2930 levels maintain sl around 2900 for target of 2980 +++ 3040 +++ 3220+++ 3450++++ levels
BAJAJHCARE - Breakout Wedge PatternView : Bullish
Entry Zone- 435- 420 (Trend line break inside Broadening wedge)
Exit Zone - 500 - 510 Range or while price touch upper resistance line (marked in red)
Stoploss : Close below 380
Risk/Reward Ratio: 1:1.50
Timeframe: Daily and Weekly
Notes: Trendline break inside the broadening wedge pattern. Price consolidates since Nov 2021.
* This is not a trading recommendation, for educational purposes only
HDFC LIFE - REVERSALTopic Statement: HDFC Life is experiencing minor selling pressure despite NIFTY's sharp correction.
Key Points:
1. The stock has formed a head and shoulders pattern, indicating potential weakness.
2. The price is moving within a down trending channel, reinforcing bearish sentiment.
3. Currently the stock is taking support at the 50% retracement level. It may fall to the 61.8% retracement level, finding strong support around Rs 600.
Ashoka Buildcon-Currently At Make or Break Levels.
-Also keep an on Infrastructure sector, before making a position in this.
-Information Just For Educational Views.
Neogen Chemicals cmp 2356.25 by Daily Chart View*Neogen Chemicals cmp 2356.25 by Daily Chart View*
- Price Band 2175 to 2200 Support Zone
- Price Band 2345 to 2390 (ATH) Resistance Zone
- Volumes gradually increasing from flattish to well above the avg traded quantity
- Twin Bullish Rounding or Double Bottom as one may interpret, with neckline at Resistance Zone
- Daily basis Support at 2200 > 2025 > 1820 with the Resistance only at ATH 2390 and each New ATH
GRINFRA - Stock to be in RADARView : To be determined
Entry Zone- Once the price breaks out of the triangle with a strong green candle.
Timeframe: Daily
Notes: The price has been consolidating since May 2024, forming a Triangle pattern. Resistance and support levels are marked on the chart, showing how the price has consistently respected these levels.
* This is not a trading recommendation; for educational purposes only
BEL - Isolated in a rangeTopic Statement: BEL is recovering from its bearish phase but faces potential resistance ahead.
Key Points:
1. The stock recently broke out of its downtrending channel, signaling a bullish recovery.
2. A reversal is possible near the 330 mark, where a double top candlestick pattern may form.
3. A recent upward gap suggests the price could retrace to fill it in the near term.
BOMDYEING - Broadening Wedge PatternView : Bullish
Entry Zone- 221- 210 (Trend line break inside Broadening wedge)
Exit Zone - Based on Trader mindset. Exit 1 - 237
Exit 2- 250
Exit 3 - Price reach upper resistance line of Wedge
Stoploss : Close below 202
Risk/Reward Ratio: 1:2
Timeframe: Daily
Notes: Trednline break inside the broadening wedge pattern. Price consolidate since July 2024.
* This is not a trading recommendation; for educational purposes only
Soma Textiles: Promoters Max Holding & Hammer Candle for upwards"Soma Textiles: Promoters Near Max Holding & Hammer Candle Indicates Reversal"
Stock: Soma Textiles & Industries Ltd.
Analysis:
Soma Textiles is showing strong bullish signals, supported by promoter activity, excellent financial results, and recent high-volume buying interest. The stock has retraced to a key support zone at ₹53.19 and has formed a hammer candle, signaling a potential reversal. With a favorable macroeconomic environment for the Indian textile sector, this stock is positioned for further gains.
Key Highlights:
Promoter Activity:
Promoters have increased their stake from 72.76% to 74.98%, nearing the maximum allowable holding of 75%.
Institutional Confidence:
FII/FPI Holdings: Increased from 0.00% to 0.04% with 5 investors now holding positions.
Institutional stake doubled from 0.04% to 0.08%, reflecting growing interest.
Volume Signals:
Recent high-volume activity with appearances in bulk-buy filtered stock lists.
Financial Performance:
Quarterly Net Profit: ₹68 Cr, a 11653.4% YoY growth.
Quarterly Revenue: ₹6 Cr, a 152.6% YoY growth.
Sector Tailwinds:
The Indian textile sector is expected to benefit from challenges faced by Bangladesh's textile industry.
Technical Setup:
CMP: ₹53.19.
Hammer Candle: Indicates a likely upward move from this support zone.
Volume Confirmation: Strong buying interest is evident.
Trade Plan:
Entry: Near ₹53.19.
Target: ₹62 (short-term), with potential for more.
Stop Loss: Below ₹46 to minimize risk.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
LT - Long SetupCMP 3947 on 09.12.24
Since January 2022, the stock has been traveling in a rising wedge pattern. For the last many days, the price has been moving in a range (shown as a rectangular shape). This time looks like breaking the upper levels.
Immediate supports seem to be around 3860 and 3740.
One may start buying from the current price to as low as 3860, multiple times.
Always keep the position size in accordance with risk management.
The setup fails if the price sustains below 3730.
All this illustration is my own view, shared only for learning and observation purposes. It is not a piece of trading advice in any form.
All the best.
Arihant super Structure on the verge of Darvas Box breakout.-Good Volume.
-Watch for the breakout.
Entry and probable targets are mentioned in the chart.
The chart shared is for educational purposes only. Please do your due diligence and risk management.
2 Amazing swing trading ideas for 10 Dec 2024 MarketsI daily make educational content videos for swing / positional trading
