SwingStock given multiyear breakout then then retested its breakout level now giving strong reversal
Market Cap:- 1822cr
PE RATIO:- 56
PRICE TO BOOK :-5.1
Setup:- BO+retest+Reversl
WALCHANNAG trade ideas
WALCHANNAG Looks Good ABOVE 303 (Breakout Candidate)Date : 03-07-2024
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BO RESEARCH TO OBSERVE
WALCHANNAG Looks Good ABOVE 303
SL 135
Target 378, 453, 528, 678
Hold few Months / 1 Year
Please consult your financial advisor before investing
All research for educational purposes only.
Walchannag - Darva's Box This stock is a perfect example of Drava's box pattern. Darvas box pattern breakout with Marubozo candle. Targets are marked on chart for 2X
BTST monday 1julyBTST as pullback after a trendline b\out.but previous long trend is very choppy, quick move and out on BTST carefully
WALCHAND NAGAR IND | Multi Year Triangle Breakout.NSE:WALCHANNAG
Walchandnagar Industries Ltd. engages in the manufacture of engineering products. It operates through the following segments: Heavy Engineering, Foundry and Machine Shop, and Others. The Heavy Engineering segment engages in the engineering, fabrication, and manufacturing of machinery for sugar plants, cement plants, boilers and power plants, industrial and marine gears, mineral processing and EPC, petrochemicals, and space, defense, and nuclear power businesses.
Walchand Nagar Ind. Technical Analysis on weekly time frame:-
1. Price has rebound from the strong support zone after a breakdown has failed.
2. The Symmetrical triangle is been in formation for the last 3.2 years and the location on the symmetrical triangle is bullish as it has formed around the support zone, so we can say Its extrinsically is bullish in nature and intrinsically too.
3. The Price is been Trading above 200 SMA which is a Bullish sign.
4. The price is been in a range for over 1.5 Decades and is currently at lower range support.
Entry Aggrassiv can enter now and safe investors should wait for a retest of the triangle breakout zone it will add more confirmation to it.
Target levels and stop-loss is mentioned on the chart.
Walchand Nagar Ind. Fundamental Analysis Points:-
1. Company Turned into Net profit after many Years.
2. Revenue is increased and Long Term has been Reduced.
3. EPS is improving Marginally.
4. Although one concern is a reduction in assets.
The above information is for educational purposes only, Before acting on any investment idea please do your own analysis and follow proper risk to reward.
I Hope you found this helpful.
Please like and comment.
Keep Learning,
Happy Trading!
WALCHANNAG Getting for bullish breakoutWALCHANNAG Getting for bullish breakout
can look for tp of 127-129
BREAKOUT, WALCHANDNAGAR, 150% RETURNSBUY - WALCHANDNAGAR INDS
CMP - Rs. 101
Target - 1: Rs. 146
Target - 2: Rs. 197
Target - 3: Rs. 256
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Timeframe - 5 months - 1.5 years
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Technicals - Trendline Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Swing Trade hold 2-3 days Book 7%Bullish Three Line Setup
Book profits within the first 30 minutes of the market opening
- Try to exit by taking 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- 67
Target Price 74
Note:- I am not SEBI Registered This Trade is only educational Purpose
Symmetrical Triangle BO- Symmetrical Triangle BO
- Validated with volume
- Above key EMAs
- Bullish RSI
Potential Breakout - add to watchlistmore than 3 rejections on the downward trendline
probably breakout if nifty supports
entry - once daily candle closes above trendline (70.75)
sl - 25-30% since its a weekly breakout
target - Im expecting a big target (200%+)
might be a long term pick
walchand nagar bullishtrend line breakout with volume.
keep in your watchlist.
only for information and education purpose. please consult your adviser before investing.
#trading #long #midcap #india #defence #chart #bullish
Walchandnagar Daily looking bullishWalchandnanagar Daily has TLBO, with 200 ema support
Good to buy at 58 for target of 75 with SL below 54
Multiyear Trendline breakout ahead ✌✌This scrip is expected to give multiyear Trendline breakout. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Technical View on WALCHANDNAGAR INDUSTRIES by Samraat JainWalchandnagar Broken Channel - Walchandnagar broke the channel now let's see where it will move. whether it is a false breakout or continue it further. One can buy the stock at Current market price if sustain above the channel with stop loss of 39.60 with the target of 74/92.
WALCHANDNAGARWALCHANDNAGAR
1) Wait for the resistance breakout to take entry
2)looks good above 52
3) can expect 5 to 7 % move after the breakout
Watch out for breakoutWatch out for the Walchandnagar Industry ltd, breakout possibility for the next trading session
WALCHANNAG for LongReversal Trade
Long above 59
Target 74
SL 56
Or wait for reversal at 51 for the target of 56
WALLCHANDNAGAR Industries Breakout tradeNSE:WALCHANNAG Levels are Mentioned in the chart... Good for Swing...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks..
WalChandNagar UpsideTargets for WalChandNagar
Check support levels
The stock may stay in the range between two targets. The trend line is an upside.
MULTI YEAR BREAKOUT IN WALCHANNAGMULTIYEAR BREAKOUT IN WALCHANNAG : SUPPORTED BY HEAVY VOLUME
ENTRY ABOVE TODAYS HIGH (82.50)
FOR THE TARGETS OF 86,94 AND 103
Ascending Triangle BreakoutThe price should sustain levels at 80.Enter above 81.Volume accumulation also looks good. Have patience.
