Intellect Design has seen a golden cross over in mid June 2022 and is considered to be bullish. Presently it is plying around 1/1 support line from its recent bottom. Current support is at 650 and deep support at 607 while the resistance points are at 725 and 845.
Earnings impact has made NSE:INTELLECT a very clean chart with great upside. I have simplified the chart for everyone by removing the noise. Keep a target of 850 with a stop loss at 610. Go Long.
The counter beat market expectations of Q1 handsomely and saw a good uptick with volumes. The stock is at a level where it had previously strong resistance 700-719 levels. if the stock crosses and sustains above 720 levels for at least 15 min could see further buys coming in. would look to go in at 720 levels with SL at 650 for targets of 814/855/900/987.
I am...
Havells
Ready to breakout of inverse H&s pattern on daily chart with good volume, +dmi cross over to -dmi, adx is above 30, rsi above 60,RS to nifty is + 0.01...
Buy above 645 closing basis on DT
Sl 605
Tgt 700-770-900-1000
( subject to holding for 3-9 months
Intellect Design has a impulse rise in wave 1 & has now pulled back to 40 EMA average holding this on closing basis will be important for next powerful Wave 3 rise.
NSE:INTELLECT
Intellect Design Arena Ltd LONG trade .
Reason to go long :
1 . Taken Fib support of 61.8%
2. 2 Bullish Marubozu bullish candles .
3. Emerging IT player
4. String YoY results
5. Bounce Back on the Volume profile level ( Demand Zone )
Buy @ 455-460 Lvl
SL @390-388
Tgt 1 : 515
Tgt 2 : 570
Tgt 3 : 620
On the last session of previous week we saw a good up move of 13% in this stock and given a close of almost day high after a parallel channel breakout, so if price will come to retest it's fresh made support after a breakout and will bounce from there which is near about 510-500 levels we can go long in it for the target of 573 and 619 with taking a stop loss of a...
INTELLECT Looking good for Downside..
When it break level 553 and sustain.. it will go downside...
Target
1st 547
2nd 542
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome
Flag patterns can be seen on the charts of intellect. But entry will be taken only after the BO of the resistance area above 575 with a small SL of 560 for the huge target of Rs 615-630 level. EMA above 200 again is a bullish sign. Entry taken above resistance will produce a good risk-to-reward ratio. This is for your educational purpose only.
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Ideas 24th April, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and...
INTELLECT Daily has inverted head n shoulder breakout with 200 ema support on daily candle.
Good to buy at retracement near 500 for targets of 588,631 with sl below 478
