JSWEnergy Bullish Bias Set up Low Risk Reward Set upSimple Structure
Stock taking support at 200days EMA
Low risk set up
SL 640s
Targets 700+ / 750+
EMS Ltd cmp 869.40 by Weekly Chart view since it was listedEMS Ltd cmp 869.40 by Weekly Chart view since it was liste*
- Price Band 71d to 735 Support Zone
- Rising Support Trendline is been sustained
- Volumes seen rising gradually over the past few weeks now
- Breakout Attempts in progress from Falling Resistance Channel
- Weekly basis Support at 785 > 646 > 533 with Resistance only at ATH 935
Paytm - CMP 950 - Monthly - Symmetrical Expanding TrianglePaytm has created Symmetrical Expanding Triangle in Monthly time frame
RSI going up continuously, still not in overbought zone
MACD is looking good
Price is above 20 Months EMA
volume is good for past 4-5 months
Crossed 930 resistance with good volume
DII has increased holding in June and Sep 2024, FII has decreased holdings
Target 1 : 1160++
Target 2 : 1350 , This could be next Resistance
if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++
Bajaj Auto Ltd.: Descending Wedge - Breakout or Breakdown?Bajaj Auto Ltd. is currently trading within a descending wedge pattern, indicating potential consolidation or a breakout scenario. Here’s the technical breakdown:
Key Observations
Descending Wedge:
The price is narrowing, with lower highs and lows, signaling reduced selling momentum.
Support Zone:
₹8,800–₹8,900 serves as a strong support level. A breakdown below this could lead to further downside.
Resistance Levels:
₹9,262.90: Immediate resistance.
₹9,642.45 and ₹9,995.55: Higher levels to watch in case of a breakout.
Trade Outlook
Bullish View:
A breakout above the wedge’s upper trendline signals upward momentum, targeting ₹9,262 and beyond.
Bearish View:
A breakdown below ₹8,800 could push the price to ₹8,600 or ₹8,400.
EMSLTDEMSLTD seems good to go long. As it rebounced from support zone. Also shown lesser participation while going down. This confirms the trend change!
MAHALXE Giving a breakout after many yearsEntry at 15
Target 30
Stop Loss at 10
Holding period 6 months
OFSS watch for a breakout of Base.Good pattern.
-Trying to break out of the box.
-Inverse H&S on DTF
-Narrow range inside candles on DTF.
-Dry volume
Breakout traders wait for a breakout of the base. Positional traders can look for building positions given in the chart.
The view and chart are shared just for educational purposes. Please do your research before investing.
ASHIANA: Consolidation Over? Turnaround Signals & Mid-Term Poten"ASHIANA: Consolidation Over? Turnaround Signals & Mid-Term Potential"
Stock: Ashiana Housing Ltd. (ASHIANA)
Analysis:
ASHIANA has corrected nearly 30% from its high following weaker financial results in the past two quarters. However, the stock is now showing consolidation and signs of a turnaround over the past two months, supported by improving volume and technical indicators.
Key Highlights:
Promoters Holding: Stable at 61.11% as of Sep 2024 quarter.
Institutional Activity:
Mutual Fund Holdings: Increased from 6.74% to 7.53%, indicating renewed interest.
FII/FPI Holdings: Slightly reduced to 7.46%, with the number of FII/FPI investors unchanged at 37.
Technical Setup:
Price has crossed the 200 EMA, a key bullish indicator. Sustaining above this level could trigger a rally.
Volume Increase: Recent spikes in volume suggest accumulation.
Trade Plan:
CMP: ₹331.
Mid-Term Outlook: The stock looks favorable for a mid-term rally if it sustains above the 200 EMA for a few more sessions.
Targets: ₹375–₹400 over the next few months.
Stop Loss: Below ₹310 to manage 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.
Kesoram Looking Good.NSE:KESORAMIND is Looking good bouncing from a good demand zone, with Strong Engulfing Weekly Candle.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Wabag forming Base on Base- Watch for a breakout. Forming a good structure, base on base with good narrow candles forming in DTF. Add to your WL and watch out for a breakout.
The risk is 15%
The reward is 18.45%
RR: 1:1.2
6th december intra canara bankcanara bank has received nod of rbi to divest shareholding in its subsidiary on daily chart there is a breakout, with sl of 105.6 next resistance level in 110 112 113 for intraday. If all goes well with policy this might zoom to 116 118 as psu bank index is alwo showing breakout.
as of try try in intraday, for some good profits . Sl is strict though
HDFC BANK Waiting to cross the 1900 level. The RBI report may influence this movement. Will it rise above, or will it fall? I previously shared that HDFC Bank is breaking the box pattern, trading above 200 DMA, while taking double support at 100 DMA.
VIEW ON HCLTECHGood chart structure
Stock at all time high
Yesterday all IT stocks were in good move
Target 1980/2010
Stop loss 1888
I am just representing my views
For educational purpose only.
Triangle pattern breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Triangle pattern breakout Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Round bottom breakout Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Triangle Double bottom breakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
