Entry in yellow exit in pinkSalasar is in Solar energy. I am posting this analysis for education purpose only. Entry near Yellow line and exit near the Pink line.
SALASAR trade ideas
SALASAR BULLISHSALASAR TECHNO ENGG. LTD. is looking strong upside.
Entry for long term trade
You can go for it after doing your own analysis.
entry price target and stop loss has been updated in the chart.
ONLY FOR EDUCATIONAL PURPOSE..!
Salasar - 7 Year Channel Breakout, Correction and MomentumIn January 2024, Salasar Techno Engineering Ltd. broke out of a 7-year-long channel, signalling a significant shift in its long-term trend. Following this breakout, the stock surged by approximately 150% before beginning a correction from its all-time high.
From March 2024 onwards, the stock entered a consolidation phase within a downward channel. Recently, it broke out of this channel with strong volume, following a "shake out" that may have cleared weaker hands.
During the consolidation, the volume remained low, which is typical as the stock builds a base before a potential breakout. Notably, the stock has consistently found support at the 200-day EMA since November 2022, a critical level that often indicates the underlying strength of the trend.
Furthermore, the RSI has also broken out, confirming the momentum in the stock.
Strategy:
Stop Loss: Below ₹17
Target: To be determined based on future price action.
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
SALASARI Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM CONCEPTS" ... Please Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Ready to fly (Positional Pick)The stock has given a clean breakout on weekly timeframe with very strong volumes. The pattern looks promising. Wait for a strong closing and enter 10% quantity right away. Then wait for some retracement or consolidation to enter the rest.
Salasar Techno Engineering Ltd - Long Setup, Move is ON...#SALASAR trading above Resistance of 98
Next Resistance is at 138
Support is at 80
Here is previous chart:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Salasar- Good upside seenSalasar is at a resistance today. Once the resistance of 52 is broken, quick upmove can be seen until 58 which will be the handle fomation completion. Once the 58 is broken salasar will be ahead for the target of Rs. 80.
Note: This is for educational purpose only. Not a trade recommendation.
SALASAR Stock Potential: Eyes on Breakout and Ascending TriangleWe see the stock getting close to its resistance level. If it breaks through and stays above that level, it might go up in the next few days. This breakout could lead to a bullish trend, with both consolidation and an ascending triangle breakout. Keep an eye on these changes as they could be good opportunities for investors.
SALASAR TECHNO ENG-Ascending Triangle Breakout with volume blastMy outlook on SALASAR TECHNO ENG
Ascending Triangle Breakout in both DTF and WTF
Heavy volume blast on the last week
Now the price is little bit high.
Monthly CPR is narrow
Perfect example for VCP pattern
This is my analysis. Not a recommendation to buy or sell.
BUY SALASAR TECHNO go for long on salasar techno cmp 68 target 150 and 200 good fundamental and technical strong
Salasar Techno -Ascending Triangle breakoutSalasar Techno -Ascending Triangle breakout
Monthly CPR IS NARROW indicating a strong upside movement
SALASAR | Mini Swing Trade📊 Details
Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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SALSARVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation.
It has the following characteristics:
The Stock must be in stage 2 uptrend.
A period of price consolidation must take place in thebase.
Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement.
Price volatility must contract through the base (from left to right).
During this period of price consolidation the stock price will correct.
Price must correct through a series of smaller contractions.
Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
Trendline breakout with high volumeHuge bullish candle breaking the trendline indicates sharp upmove from here.But should not forgot to maintain the risk also here with a trendline stoploss and a breakout candle below stoploss.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Law of Polarity support with Broadning Pattern
📌 Symbol/Asset: SALASAR
🔍 Description: Stock is around good support of Law of Polarity. and also stock is making broadning pattern. so we may bounce till upper resistance of broadning pattern.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Swing Trade Hold in 3-4 DaysTrend line Breakout in SALASAR TECHNO
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 9-10% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
Now, why do I prefer swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 3-4 days and the rest of the time they either consolidate or fall
CMP- 47
Target Price 52
Note:- I am not SEBI Registered This Trade is only educational Purpose
SALASAR TECHNO ENG - 130% RETURNS!!!BUY - SALASAR TECHNO ENGINEERING LTD
CMP - Rs. 45
Target - 1: Rs. 58
Target - 2: Rs. 80
Target - 3: Rs. 105
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Technicals - Bullish Flag BO
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This is just a view by an expert analyst, please invest at your own risk.
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Salasar Techno Engineering - Cup and Handle Pattern✔️Eveything mentioned in the chart.
You can see a Cup and Handle formation in the chart.
study then invest.
About The Company ✔️
Established in 2006 as a tower manufacturer, Salasar Engineering Limited, has emerged as a fast-growing Steel structure manufacturer & EPC infrastructure company, providing services across telecom, energy and railways sector.
SALASAR breakout level retestNSE:SALASAR BSE:SALASAR
Time Frame – Weekly
Observations : -
* Breakout level retest
* Rejection candle form
Resistance – 47.85 / 58.48 / 66.60
Support – 35-37 zone
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
BUY TODAY SELL TOMORROW for 5% 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 and the rest of the time they either consolidate or fall
Trendline Breakout in SALASAR
BUY TODAY SELL TOMORROW for 5%
