*for educational purpose only.
ISMT is near to break his 17 year old resistance
RSI is showing strength for long term investment.
Stock has high momentum.
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...
A Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:ISMTLTD
MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information...
This analysis is purely Technical.
Positive:
- Annual Revenue rose 19.1%, in the last year to Rs 2,598.2 Crores. Its sector's average revenue growth for the last fiscal year was 9.5%.
- Quarterly Revenue rose 12% YoY to Rs 658.7 Crores. Its sector's average revenue growth YoY for the quarter was -0.6%.
- Mutual Fund Holding remained the same in the last...
Entry: 81
Target: 88.5
SL: 76.2
Pattern: VCP
EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
Base: Price breaking out from 3 month base.
Retest: Price retesting BO level with decreasing volumes.
- Closed above 75 with volume.
- The breakout candle low 68 on daily closing basis will be a good support
- Upside can extend towards 100 and 140 with SL of 68
Before heading towards a trade idea, let me clear you about the pennant chart pattern.
->This pattern is majorly divided into two components 'pole' and 'pennant'.
->This kind of pattern forms when a stock has seen a huge and steep rally which makes a 'pole'
component of the pattern.
-> After the rally, that particular stock goes into a hibernating period, which...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days...
Only for educational purpose.Not a recommendation
Target 1 - 70
Target 2 - 75
Support @ 55
Fundamentals seems to be not good. 75% promoter holding in this stock. Reduced debt from previous years .
ISMTLTD looking to land don Jupiter not mars . if you wanna ride to Jupiter then its a best time but only after rocket conformation ( after 67 ) and safety belt are must ( sl - 52 )
