Trade setup for NaharspinningCurrently on support zone. Take your own risk with stop loss of 320 and Target of 410 in another 2 months if market gets normal.
Education purpose only.
NAHARSPING trade ideas
Nahar Spinners - C&H breakoutWith the whole textile industry getting hyped and some of these stocks forming large multi year consolidation bottoms..expect some good moves in this sector...
Stocks like Ambika have already broken the consolidation zone and would be great pickups on any good pullbacks..
Nahar on the other hand is yet to really lift off..
Long at current prices (50%) allocation and 50% further only if it breaks out of a pullback to 320 levels..
Taking a smaller upfront allocation coz the SL here would be 300 which is deep..so with 50% allocation and ideally total allocation of 7-8% the max one would loose is 0.7-0.8% of their total capital which is manageable.
NAHARSPING - Weekly AnalysisIn the Weekly Chart of NAHARSPING ,
we can see that; it has given Trendline breakout but it is not strong enough.
Let it retest the Trendline then enter with SL & Targets.
Expected momentum is shown in chart.
Bullish: Nahar SpinningLooking strong in Weekly Chart
All resistances are intact
Need to firmly sustain 340 levels to reach the higher level targets
Bullish Momentum - Above Short, Medium and Long-Term Moving Averages
Nahar Spinning looks Good.Pattern: Double Bottom pattern
The Double Bottom pattern emerges within a downtrend when the price hits two separate lows at approximately the same level. During the formation of this pattern, the volume tends to indicate a decrease in downward momentum, diminishing as the pattern develops, with a slight increase in volume at each low, typically less on the second low. Eventually, the price breaks above the highest point between the two lows, confirming a bullish signal.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
NAHARSPING - TRADE ANALYSIS - 27th November #stocksNAHARSPING (1W TF)
Trade Analysis given on 27th November, 2023 (Monday)
Pattern: RECTANGLE BOX BREAKOUT
- Neckline Resistance Breakout - Done ✓
- Weekly Volume Spike Near Neckline - Done ✓
- Retracement + Consolidation - In Progress
#stocks #swingtrade #priceaction #traderyte #naharsping #nseindia
Naharspining- 8 cupid ka funda + 10x target <300 fOR bIG tARGETSNaharspining- 8 cupid ka funda + 10x target <300 fOR bIG tARGETS
1) Long Consolidation
2) Target is 10 times, timeframe 1 year
3) 5 times Hit
4) Lets see how it Works
Nahar SpinningTrading above curved trendline+ above the AVWAP+ above 61.8 fibo level.
NS was consolidating for long now it has broken it's resistance.
Look for long
Pls consult your financial advisor before any trade.
For Swing Trade $NSE:NAHARSPINGDear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:NAHARSPING with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:NAHARSPING
Holding Time Frame: 90 Days
Entry Point: 280-285
Stop Loss Point : 245
Target Point: 340,360,380
I've created a chart on TradingView that illustrates my analysis. You can view it by clicking on the following link:
in.tradingview.com
Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Dated 08-Sep-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions.
Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated.
Mention Information is only for Educational Purpose.
Best regards,
Ajay Metha
Inverted H&S Break outBREAKOUT
#NAHARSPING
- Inverted H&S Pattern BO on Hourly tf
- Big breakout Volume
- Good accumulation before BO
- Bullish Daily RSI
Disc : - Currently facing 200 EMA as resistance
Breakout from Symmetrical Triangle Pattern : NaharspingBreakout from Symmetrical Triangle Pattern
Detailed analysis given on the chart
NSE:NAHARSPING
Nahar Spinning Breakout IdeaNSE:NAHARSPING will take support from trend line and 9DMA, a good reversal signal is awaited with RR and Entry as per in the chart.
ENTRY TIME Market Cap
₹ 1,416 Cr.
Current Price
₹ 393
High / Low
₹ 477 / 35.0
Stock P/E
8.47
Book Value
₹ 249
Dividend Yield
0.38 %
ROCE
6.55 %
ROE
4.70 %
Face Value
₹ 5.00
NAHARSPING LONGCup and Handle pattern in NAHARSPING. Broken the resistance and retested successfully. Possible Target of 160+
